Daily Debrief: What Happened Today (May 7)

Stories you might have missed

Amazon cuts Singapore workforce as it phases out local fulfilment including Amazon Fresh

[SINGAPORE] Amazon is cutting roles in Singapore as it ramps up expanding its international store selection in the city-state, it said in a post on its website on Thursday (May 7).

Prime Holland Plain site draws just one bid from Sim Lian at S$454 million or S$1,491 psf ppr

[SINGAPORE] A state land site for a 280-unit low-rise project in the prime Holland Road area fetched just one bid on Thursday (May 7), from Sim Lian at S$454 million or S$1,490.86 psf ppr.

CIMB appoints veteran banker Mak Joon Nien as new Singapore CEO

[SINGAPORE] Malaysian bank CIMB Group Holdings announced on Thursday (May 7) that it has appointed Mak Joon Nien as chief executive officer of CIMB Singapore.

MAS to ‘harmonise’ securities laws to facilitate dual listings under new Bill

[SINGAPORE] Proposed amendments to the Securities and Futures Act will empower the Monetary Authority of Singapore (MAS) to “close differences” between the securities laws of Singapore and foreign jurisdictions in facilitating dual-listing partnerships.

Scoot adds 11 Airbus A320neo family aircraft to its fleet

[SINGAPORE] Scoot has placed firm orders for five Airbus A320neo family aircraft, the budget carrier announced on Thursday (May 7).

Asean leaders seek to bring regional trade pact into force this year amid Middle East pressures

[CEBU] South-east Asian nations are looking to bring a key regional trade agreement into force within the year, amid supply chain disruptions and rising energy costs due to the ongoing Middle East conflict.