Daily Debrief: What Happened Today (Dec 11)

Stories you might have missed

TikTok, GoTo to merge Indonesian e-commerce businesses; TikTok commits at least US$1.5 billion

BYTEDANCE’S TikTok and tech giant GoTo are combining their e-commerce businesses in Indonesia – Tokopedia and TikTok Shop Indonesia – under an existing Tokopedia entity, putting pressure on other e-commerce platforms such as Singapore’s Sea.

Money laundering accused Zhang Ruijin denied bail again as judge rules ‘no material change’

MONEY laundering accused Zhang Ruijin was denied bail for a second time on Monday (Dec 11), on grounds that there have been no material changes in his circumstances.

Malaysia’s October industrial production up 2.7%, exceeds forecast

MALAYSIA’S industrial production rebounded in October, recording a year-on-year growth of 2.7 per cent, spearheaded by the robust performance of the mining sector, the Department of Statistics Malaysia (DOSM) said on Monday (Dec 11).

Keppel, Greenko founders to explore sustainable fuel production in South-east Asia, Middle East

KEPPEL Corporation’s infrastructure division and AM Green, which is wholly owned by the founders of Hyderabad-based Greenko, are teaming up to explore opportunities in producing biogenic carbon-based sustainable fuels in South-east Asia and the Middle East.

Banks in the red as STI declines 0.7% on Monday

SINGAPORE shares ended the first day of the trading week lower, bucking the trend in most regional markets amid an acceleration in China’s deflation in November.