Daily Debrief: What Happened Today
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Khaw Boon Wan to be chairman of SPH Media CLG, management shareholders to be founding members
KHAW Boon Wan, who served as the coordinating minister for infrastructure and the transport minister from 2015 to 2020, will be the chairman of the company limited by guarantee that is being formed as part of Singapore Press Holdings' (SPH) proposed restructuring.
BioNTech to invest 'hundreds of millions' to set up HQ, make vaccines in Singapore
BIONTECH will pump in "hundreds of millions of dollars" to set up its South-east Asia headquarters and open a vaccine manufacturing facility in Singapore, as part of its plans to establish a footprint in Asia, the company said on Monday.
Singapore cannot afford to close borders completely to foreign workers: SBF
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THE Singapore Business Federation on Monday said the Republic cannot afford to close its borders completely to foreign workers.
Government does not expect proposed SPH restructuring to affect relationship: Iswaran
THE government does not expect its relationship with the SPH newsroom to change, following a proposed restructuring by SPH of its media business, Minister for Communications and Information S Iswaran said in Parliament on Monday.
Gojek bags US$300m more in funding from Singtel Indonesia associate Telkomsel
TELKOMSEL has invested an additional US$300 million into ride-hailing startup Gojek, with plans to strengthen their existing collaboration.
DBS issues more than S$450m in Sora-pegged SME loans
DBS announced on Monday that it has issued more than S$450 million in Singapore Overnight Rate Average (Sora)-pegged loans as at end-April 2021, just over six months after the bank launched the market's first Sora-pegged business property loan.
Corporate earnings
The STI today
STI starts week on low note, falls 0.6%
SINGAPORE shares began the week on cautious footing, and fell 0.56 per cent or 17.85 points to finish at 3,182.41 on Monday.
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