Daily Debrief: What Happened Today

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Hyflux gets letter of interest from Unilegend Investments

YET another unnamed investor is stalking Hyflux, and has written to the distressed water-cleaning firm to express its interest in a possible investment.

Interim JMs raise doubts over Ocean Tankers' exposure to nearly US$1b of potential claims

THE interim judicial managers of Ocean Tankers - a troubled unit of the crumbling Hin Leong empire and one of the world's largest operators of oil tankers - have raised doubts over the firm's exposure to nearly US$1 billion of potential claims involving bills of lading.

Rolls-Royce to cut quarter of Singapore workforce

BRITISH engine-maker Rolls-Royce will shed 24 per cent of its workforce in Singapore amid expectations that demand for civil aerospace engines and aftermarket services will take several years to recover from the effects of the pandemic.

SoftBank-backed Coupang to buy assets of Singtel's Hooq, in Asian video entry

SOUTH Korean e-commerce giant Coupang is buying the software of Hooq Digital, the South-east Asian video streaming service owned by Singapore Telecommunications, Sony and Warner Bros that's filed for liquidation, according to people familiar with the deal.

Sembmarine and GE bag contract to build wind farm in North Sea

SEMBCORP Marine and its consortium partner have been picked by German utilities company RWE as the preferred suppliers of the electrical transmission system for one of the world's biggest offshore wind farms located at sea north-east of the United Kingdom.

Gold poised for 5th straight weekly rise on virus fears

GOLD was set for a fifth straight weekly gain on Friday as worries over a spike in US coronavirus cases kept the safe-haven metal near the technical $1,800-per-ounce threshold.

Corporate earnings