Daily Debrief: What Happened Today

Stories you might have missed

SATS to buy Worldwide Flight Services for up to 1.3b euros, plans S$1.7b equity fundraising

INFLIGHT caterer and ground handler SATS has entered into an agreement to acquire Paris-based air cargo handler Worldwide Flight Services (WFS) for a maximum total consideration of about 1.3 billion euros (S$1.9 billion), a move that will propel the mainboard-listed company into a global player in the air cargo market.

Dymon Asia PE closes third fund at US$650m as investors take a long view amid uncertainties

SOUTH-EAST ASIAN investor Dymon Asia Private Equity (DAPE) has hit the final close of its third fund at a hard cap of US$650 million, just about 5 months after its launch, the company told The Business Times (BT) on Wednesday (Sep 28).

Quality and standards adoption helped SMEs get an edge, access markets overseas: EnterpriseSG survey

MOST small and medium-sized enterprises (SMEs) that tapped Singapore’s quality and standards (Q&S) ecosystem felt that this gave them a competitive edge and greater access to overseas business opportunities, according to a survey by Enterprise Singapore (EnterpriseSG).

Central bank’s role to maintain price stability to manage inflation: Ravi Menon

WHILE central banks may not be at the forefront of structural changes that result in inflation, their role to maintain price stability “cannot be underestimated”, said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS).

NEA’s direct emissions falls 20% on scale-down of Tuas Incineration Plant operations

THE National Environment Agency (NEA) , the government agency overseeing Singapore’s waste incineration, has reported a 20 per cent drop in its direct carbon emissions – also known as Scope 1 emissions – for its 2021 fiscal year ended Mar 31.

The STI today

Singapore stocks hurt by global risk-off mood; STI down 1.6%

MARKETS continued on their downward trend on Wednesday (Sep 28), tracking Wall Street’s decline overnight, after the S&P 500 closed at its lowest level in almost 2 years.