Daily Debrief: What Happened Today (May 7)

Stories you might have missed

Amazon’s AWS commits extra S$12 billion to boost Singapore cloud infrastructure

AMAZON Web Services (AWS) will commit an extra S$12 billion to its existing Singapore cloud infrastructure over the next four years, doubling its investment in the Republic. The move follows a latest S$11.5 million injection in 2023.

Scoot begins flights with Embraer E190-E2 jet

LOW-COST carrier Scoot began operations with its newest aircraft, the Embraer E190-E2, with flights to Krabi and Hat Yai commencing on Tuesday (May 7). Scoot plans to acquire a total of nine of these aircraft – which are part of Embraer’s newest family of regional jets – by the end of 2025.

KKR buys 14 hotels in Japan, converts them to midscale Sheraton properties

ALTERNATIVE asset manager KKR has acquired a portfolio of 14 hotels in Japan, with plans to convert them to properties under Marriott International’s midscale brand, Four Points Express by Sheraton.

Swiss-Asia Financial Services fined S$2.5 million for breaches of anti-money laundering rules

WEALTH and fund management company Swiss-Asia Financial Services (SAFS) was issued a composition penalty of S$2.5 million for breaching the Monetary Authority of Singapore’s (MAS) anti-money laundering and countering the financing of terrorism (AML/CFT) requirements.

Apac finance M&A to stay subdued after Q1 decline as uncertainties linger: S&P Global

MERGERS and acquisitions (M&A) in Asia-Pacific’s (Apac) finance sector are unlikely to recover soon as economic and geopolitical uncertainties, on top of higher financing costs, dampen dealmakers’ confidence, said S&P Global Market Intelligence.

Singapore stocks end lower even as regional markets rally; STI slips 0.1%

SINGAPORE shares closed lower on Tuesday (May 7), bucking a regional rally and overnight gains in the US.