Daily Debrief: What Happened Today
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Grab to launch retail investment product, consumer loan platform
GRAB'S financial services arm, Grab Financial Group, is rolling out a micro-investment product and a third-party loan platform for its users.
Asian institute for digital finance to start operations in Singapore by end-2020
THE Monetary Authority of Singapore, the National Research Foundation and the National University of Singapore will jointly set up a research institute that supports the needs of digital financial services in Asia.
Singapore governance and transparency index hits new high
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DESPITE challenges posed by the Covid-19 pandemic, Singapore-listed companies charted a new record in governance and transparency this year.
Frasers L&C Trust to sell stake in facility, buy two properties from sponsor; Q3 revenue doubles
FRASERS Logistics & Commercial Trust (FLCT) is looking to acquire two properties in Australia and the UK from its sponsor Frasers Property as well as sell its remaining half stake in a cold storage facility in Australia, said the trust's manager, which has also released its latest business update indicating that the coronavirus pandemic has not had a material impact on FLCT's portfolio.
Hong Kong developer Swire Properties obtains HK$1b green loan from OCBC
SWIRE Properties has signed a five-year HK$1 billion (S$177.4 million) green loan with OCBC Bank.
AirAsia to resume Singapore-Malaysia flights on 'green lane' scheme
STARTING the week of Aug 17, low-cost carrier AirAsia will launch daily flights between Kuala Lumpur and Singapore, as well as one weekly flight each between Singapore and Penang, Kota Kinabalu, Kuching and Ipoh.
Singapore's Equis raises 100b won to build waste-to-energy facilities in South Korea
SINGAPORE-BASED renewable energy and waste infrastructure developer Equis Development has completed a 100 billion South Korean won (S$115.3 million) equity capital raise with Hana Financial Investment, to construct a portfolio of four waste-to-energy facilities in South Korea.
The STI today
STI closes 1.24% higher, tracking global tech rally
THE Straits Times Index (STI) tracked a rally in tech stocks on Wall Street and Hong Kong to rise 30.79 points or 1.24 per cent to 2,515.70 on Tuesday, ending a three-day losing streak.
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