Daily Debrief: What happened today
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Singapore to temporarily relax foreign worker hiring rules: MOM
The Ministry of Manpower (MOM) is temporarily lifting some work permit renewal and other conditions to ease the labour crunch in the construction, marine shipyard and process (CMP) sectors amid Covid-19 border closures.
Singapore Airlines ends MVC salary cuts for Singapore-based staff from Aug 1
National carrier Singapore Airlines (SIA) has ceased monthly variable component (MVC) cuts to basic salary for all its Singapore-based staff from Aug 1, it said in a statement on Friday.
US authorises Covid boosters for those with weakened immune systems
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The United States on Thursday authorised an extra dose of Covid vaccine for people with weakened immune systems, as the country struggles to thwart the Delta variant.
Keppel DC Reit private unit placement 3.7 times covered, issued at S$2.522 per unit
Keppel DC Reit's private placement of 81 million units was approximately 3.7 times covered, its manager said, adding that there was strong demand from new and existing unitholders globally comprising institutional and accredited investors. The new units were issued at the top end of the range that it announced on Thursday for S$2.522 per unit.
High Court grants interim injunction prohibiting ecoWise EGM from convening
Strife-hit ecoWise Holdings will not be able to proceed with an extraordinary general meeting (EGM) to vote on the removal of its deputy chief executive, after the High Court on Thursday granted an interim injunction of the meeting.
Corporate earnings
- CapitaLand H1 profit up at S$922.2m from S$96.6m on portfolio gains, market recovery
- Olam's food ingredient business headed for London, Singapore listings; H1 profit up 26% to S$421m
- Q&M Dental Q2 net profit surges on higher revenue from outlets, Covid-19 testing
- Golden Agri-Resources swings to black in H1 2021 on palm product output recovery
The STI today
Singapore shares fall on Friday amid regional decline; STI down 0.5%
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