Daily Debrief: What Happened Today

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Regulation cannot protect crypto customers nor stop platform collapses: DPM Wong

THE proposed measures for digital payment token players cannot stop crypto platforms from collapsing or customer losses, said Deputy Prime Minister and Finance Minister Lawrence Wong on Wednesday (Nov 30).

28% of new light goods vehicle registrations in 2022 are electric: Iswaran

THE adoption of electric light goods vehicles (LGVs) in Singapore has grown significantly to about 28 per cent of new LGV registrations in 2022 to date, up from 0.4 per cent in 2020, said Minister for Transport S Iswaran in Parliament on Wednesday (Nov 30). “This is the highest among all vehicle categories,” he said.

PS.Cafe now fully owned by Singapore’s Sun Venture with 30% stake buy

SINGAPORE-based investment firm Sun Venture has fully acquired PSGourmet – the parent of restaurant chain PS.Cafe – for an undisclosed sum, following a previous report that it was considering a deal to buy over the remaining shares it did not own in the company.

S&P 50 Asia companies have highest carbon neutrality claims, but fare worse on other ESG indicators

COMPANIES in S&P 50 (Asia) were found to have the highest rate of claims in carbon neutrality, a Global ESG Monitor (Gem) report published on Wednesday (Nov 30) found.

Space Matrix uses AI to offer clients the best workplace design options

REPORTS of the office’s demise are greatly exaggerated, according to Space Matrix’s global chief executive officer Arsh Chaudhry. Though the workplace design consultancy “had a significant drop in revenue” when Covid-19 made working from home the norm, overall revenue has since recovered past pre-pandemic levels.

The STI today

Singapore shares rise on expectations of China relaxing Covid curbs

SINGAPORE shares managed to spike as trading leapt nearer to the closing bell on Wednesday (Nov 30), with the Straits Times Index rising 0.4 per cent or 14.13 points to 3,290.49 points.