Daily Debrief: What Happened Today

Stories you might have missed

More salary claims filed in 2022 as more companies fall into financial difficulty: report

THE overall incidence of salary claims rose last year, driven by a higher proportion of group claims from companies suffering business failure or financial difficulty, the Employment Standards Report 2022 showed on Tuesday (Jul 25).

Singapore, Japan to jointly implement green aviation initiatives

SINGAPORE and Japan have agreed to work together on initiatives in the air travel sector, including green air travel management (ATM) for all flights between Singapore and Tokyo.

Local medtech consortium partners UK’s NHS for business, research opportunities

SINGAPORE’S medtech companies will now have greater access to business and research opportunities within the United Kingdom’s state-run National Health Service (NHS), following the signing of a collaboration agreement.

Sembcorp Industries drops plan to sell its waste-management business

ENERGY company Sembcorp Industries has decided not to sell its waste-management business and its energy-from-waste plant, it announced in a bourse filing on Tuesday (Jul 25).

Financial analytics platform Bunker raises over US$5 million in pre-seed, seed funding

SINGAPORE-BASED financial analytics platform Bunker has raised over US$5 million in pre-seed and seed funding, it said on Tuesday (Jul 25).

Corporate Earnings

• SIA Engineering’s Q1 net profit more than doubled to S$27m
• Keppel Reit H1 DPU falls 2.4% to S$0.029 on higher property expenses and borrowing costs

The STI today

Singapore shares rise 0.6% amid Wall Street, Asian markets gains

SINGAPORE shares rose on Tuesday (Jul 25), in tandem with overnight Wall Street gains and the spirited trading seen in most key Asian indexes after China pledged more support for its tepid economy.