Daily Debrief: What Happened Today
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HAVING statutory retirement and re-employment ages "is still important as a floor and safeguard against employers" who are not progressive enough to let staff work for as long as they want.
EMA to be given option to step in and provide infrastructure, services for energy sector
THE EMA needs to have the "necessary levers to navigate the energy transition", while ensuring that Singapore's energy supply remains secure and reliable.
DBS to invest S$300m in 2022 to boost 'intelligent banking' capabilities
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THE investment will go towards bolstering tech talent and infrastructure, using predictive technology in more financial solutions and scaling the bank's online and offline capabilities across the region.
Metaverse platform The Sandbox secures US$93m in Series B round led by SoftBank Vision Fund 2
THE Sandbox team will use the investment to scale its growth as an entertainment destination for brands, intellectual properties and celebrities to engage with fans through virtual experiences.
Temasek's offer for Sembmarine turns unconditional
THE mandatory general offer by Temasek for Sembcorp Marine (Sembmarine) has turned unconditional after the total shares it owns, controls or agreed to be acquired have crossed the 50 per cent threshold.
Shareholders concerned that SPH still undervalued, says Sias
Some shareholders have approached Sias to express concerns that the offers are currently below net asset value (NAV); they also question whether SPH should "carry on its business on its own", given that the media business has been hived off.
Corporate earnings
- Great Eastern Q3 earnings fall 26% to S$213.3m on market conditions
- StanChart Q3 profit doubles as bad loans shrink, trade finance booms
- Livingstone Health H1 net profit rises 56% on strong demand for Sinovac vaccines
The STI today
Singapore stocks extend Monday's gains, STI up 0.4%
THE benchmark Straits Times Index rose 0.4 per cent or 13.32 points to finish Tuesday at 3,232.37.
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