Daily Debrief: What Happened Today (May 15)

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Trump touts business wins at talks with Xi on second day of summit; China airs Iran concerns

[BEIJING] US President Donald Trump and Chinese President Xi Jinping on Friday (May 15) wrapped up two days of talks, in a summit that has yielded limited deals so far.

SIA flying into turbulence from fuel costs, Air India losses, but dividends offer upside

[SINGAPORE] Analysts are cautious about Singapore Airlines ( SIA : C6L +2.39%) after the flag carrier’s earnings for the six months ended Mar 31 more than halved year on year.

MAS to remove mandatory financial advice for complex products for most retail investors

[SINGAPORE] Most retail investors will no longer be required to seek mandatory financial advice before purchasing complex investment products such as investment-linked policies (ILPs).

Court nod to wind up 1MDB scandal-linked entities paves way for bank claims by foreign liquidators

[SINGAPORE] The Singapore High Court has approved applications to wind up three British Virgin Islands-incorporated entities linked to the 1Malaysia Development Berhad (1MDB) scandal, the firms’ liquidators confirmed on Friday (May 15).

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Daily Debrief: What Happened Today (May 14)

CDL, DBS launch S$300 million green loan to advance nature-based solutions in Singapore

[SINGAPORE] City Developments Limited : C09 0% (CDL) has secured a new S$300 million multicurrency sustainability-linked loan (SLL) provided by DBS, a bourse filing on Friday (May 15) said.

Troubled platform UCars founded by group of dealers wound up on S$4 million debt

[SINGAPORE] Troubled local car portal UCars has been wound up, more than a year after it was revealed to be S$4 million in debt and owe salaries to former employees.