Daily Debrief: What Happened Today
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Singapore moves to take cross-border payments into the future
SINGAPORE is taking big steps to modernise the cross-border payments scene through a string of recent partnerships, in a bid to ease long-standing payment pains.
NTUC going all out to attract more PMEs to unions
NTUC is making a big push to speak up for more professionals, managers and executives (PMEs) in Singapore, a group that the labour movement says is under-represented as far as union membership is concerned.
Tycoon OK Lim, ailed by acute sinusitis, fails to show up in court again
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ON account of Lim's medical status, defence lawyer Navin Thevar sought a two-week adjournment but District Judge Terence Tay adjourned the hearing to Friday.
OCBC may cut down on number of branches, reviewing office space requirements: chairman
CHAIRMAN Ooi Sang Kuang said that the bank will "certainly be moving towards" a hybrid workspace where staff can have the flexibility to work from home and office.
Olam to buy US spice maker Olde Thompson at US$950m enterprise value
THE agri-food giant said the total consideration sum will be subject to net working capital adjustment at closing based on good-faith estimates provided by Olde Thompson, estimated transaction expenses, as well as a US$5 million adjustment escrow payment, among others.
Sam Goi re-elected non-executive chairman of Hanwell with ouster of two directors
BUSINESSMAN Sam Goi has, in the tussle for board control at consumer products supplier Hanwell Holdings, emerged a victor as two directors from the other camp were ousted at Thursday's annual general meeting (AGM).
Corporate earnings
- Ascott Residence Trust Q1 RevPAU up 10% on quarter to S$55
- CDLHT posts 1% rise in Q1 NPI amid tentative recovery in hospitality industry
- AMTD's full-year profit up 37.1% on ongoing strategic development, global expansion
The STI today
Asian markets generally up, Singapore shares little changed
THE Straits Times Index was up 0.06 per cent or 2.02 points at 3,221.58 points
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