Daily Debrief: What Happened Today (Aug 5)

Stories you might have missed

Indonesia’s eFishery founder Gibran Huzaifah detained as financial manipulation probe deepens

[JAKARTA] Gibran Huzaifah, founder and former chief executive of the troubled Indonesian startup eFishery, has been detained by Indonesian police over suspected manipulation of the aquatech firm’s financial reports.

CDL sets new benchmark for EC land with S$782 psf ppr bid for Woodlands plot

[SINGAPORE] In a determined bid to replenish its executive condominium (EC) project pipeline, City Developments Ltd topped offers for two EC sites at tenders closing on Tuesday (Aug 5).

What’s next for Ong Beng Seng’s HPL?

[SINGAPORE] While Hotel Properties Ltd (HPL) maintains a “business as usual” stance after founder Ong Beng Seng’s exit from management and his obstruction of justice trial, could privatisation be on the cards as the company navigates a handover?

Malaysia’s Petronas, Tenaga Nasional lead South-east Asia charge in global energy brand rankings

[KUALA LUMPUR] Malaysia’s Petronas and Tenaga Nasional Bhd (TNB) have retained their positions as South-east Asia’s leading energy brands in the oil and gas and utility sectors, respectively, according to the latest Energy 100 2025 report by Brand Finance.

CICT to buy rest of CapitaSpring for S$1 billion; plans S$500 million placement at S$2.105 a unit

[SINGAPORE] Capitaland Integrated Commercial Trust (CICT) on Tuesday (Aug 5) announced a proposed launch of more than 237.5 million new units to raise gross proceeds of around S$500 million, with a minimum offering price of S$2.105.

Executives in Wilmar unit charged in Indonesia rice-mislabelling case

[JAKARTA] Indonesia’s National Police have identified three senior officials from rice producer Padi Indonesia Maju (PIM), a wholly-owned subsidiary of Wilmar International Limited, as suspects in a corruption case involving the mislabelling of rice.

Singapore shares boosted by retail sales growth; STI up 0.3%

[SINGAPORE] The Straits Times Index (STI) settled higher on Tuesday (Aug 5) for the second consecutive session, supported by stronger-than-expected retail sales figures for June.