Daily Debrief: What Happened Today

Stories you might have missed

M&A dealmakers optimistic for 2022 despite pain of record-high prices: Bain

MERGERS and acquisition (M&A) executives are bullish on the prospects of continued deal momentum in 2022 despite high prices and intense competition.

Fast food chain Mom's Touch shuts all outlets operated by No Signboard in Singapore

KOREAN fast food chain Mom's Touch has closed all its Singapore outlets, which are operated by No Signboard Holdings' wholly-owned subsidiary Hawker QSR, from Feb 10.

Pines club members' appeal against Peter Kwee and Exklusive Resorts dismissed

THE appellate division of the High Court has dismissed the appeal by members of The Pines club, who are seeking higher damages against motoring tycoon Peter Kwee's company, Exklusiv Resorts.

More productivity support but fewer Covid-related loans in 2021: ESG

MORE companies tapped Enterprise Singapore (ESG) support for productivity and capability upgrading in 2021, even as fewer received pandemic-related loans, according to the statutory board's year-in-review on Friday (Feb 11).

Samtrade FX placed under judicial management, US$167m in assets seized

SIX entities related to online trading platform Samtrade FX have been placed under judicial management, following the Singapore authorities' probe into their potential offences under local securities laws.

EDB, SAP, Qualtrics commit S$14.1m to establish experience management centre in Singapore

SAP South-east Asia and Qualtrics, together with the Singapore Economic Development Board (EDB), will commit S$14.1 million to establish a new experience management (XM) centre of excellence in Singapore.

Corporate Earnings

• StarHub earnings climb 27.5% on stronger broadband, enterprise revenue
• iX Biopharma swings into the black in H1 with S$3.7m profit on licensing agreement
• First Reit H2 DPU drops 29.2% to S$0.0131 after rights units issuance

The STI today

Local stocks end week flat as US January inflation figures spook traders

AFTER 4 consecutive days of gains this week, Singapore shares ended the last trading day of the week largely unchanged, due in part to inflation levels in the US for January hitting the highest levels in 40 years with prices rising 7.5 per cent from January 2021.