Daily Debrief: What Happened Today (Jun 11)

Stories you might have missed

Qantas’ Jetstar Asia to shut down on Jul 31; over 500 staff to lose jobs

[SINGAPORE] Australian flag carrier Qantas will wind down operations of its Singapore-based unit Jetstar Asia and shut it down on Jul 31, as the low-cost airline has been facing challenges that threaten the sustainability of its business, said Jetstar Asia in a Wednesday (Jun 11) statement.

South-east Asia’s polymer production crisis worsens as US-China trade shift looms

[SINGAPORE] South-east Asia’s petrochemical industry is facing a double whammy of weakening export demands and potential import surges, as trade tensions could redirect US polymer to the region’s already-saturated market, sustaining pressure on production.

DayOne raises RM15 billion in green financing to develop Johor data centres

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[KUALA LUMPUR] Singapore-based DayOne Data Centers has secured RM15 billion (S$4.6 billion) in dual-tranche green financing to support capital expenditure to develop its Johor data centres, setting a record for sustainable data centre funding in Malaysia.

Centurion shares hit all-time high on submission to list Reit on SGX

[SINGAPORE] Shares of Centurion rose on Wednesday (Jun 11) afternoon after the company announced its listing application of a real estate investment trust (Reit) to the Singapore Exchange (SGX) and Monetary Authority of Singapore.

Singapore shares buck regional trend to close lower; STI falls 0.4%

[SINGAPORE] Local stocks fell for the second straight day on Wednesday (Jun 11), bucking the gains in most Asian markets as investors are concerned about the lack of details in the recently concluded US-China trade talks.