Daily Debrief: What Happened Today (Oct 28)

Stories you might have missed

Singapore court grants GNC rights to Ron Sim’s LAC store leases, awards US$18.9 million damages in franchise dispute

[SINGAPORE] The Singapore International Commercial Court (SICC) has largely upheld an arbitration decision giving GNC Holdings rights to LAC Global’s retail leases and awarding more than US$18.9 million in damages to GNC, capping a bitter three-year franchise dispute between the parties.

PM Wong calls for deeper Asean-China collaboration to strengthen trust, regional stability

[KUALA LUMPUR] Singapore Prime Minister Lawrence Wong on Tuesday (Oct 28) called on Asean and China to deepen cooperation in trade, connectivity and the green economy.

Singapore drafts framework for cross-border trade of renewable energy certificates within Asean

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[SINGAPORE] Singapore, along with an international standard setter for energy attributes, has developed a draft framework that could facilitate the cross-border trading of renewable energy certificates (RECs) within South-east Asia.

Malaysia’s fresh US trade deal: what it means for SMEs, exporters and manufacturers

[KUALA LUMPUR] Malaysia’s new trade pact with the US, which grants zero tariffs on over 1,700 product lines worth US$5.2 billion, marks a significant step-up in economic ties and could reshape trade flows across key downstream sectors.

Marina Bay Sands fined S$315,000 for 2023 data breach

[SINGAPORE] The Personal Data Protection Commission (PDPC) has fined Marina Bay Sands (MBS) S$315,000 for a data breach, said the Infocomm Media Development Authority (IMDA) on Tuesday (Oct 28).

Seatrium bags S$170 million worth of new contract wins ahead of Q3 results

[SINGAPORE] Seatrium announced that it has clinched S$170 million worth of repair and upgrading contracts comprising major cruise, leisure and naval vessel projects, ahead of its third-quarter results due on Nov 13.

Singapore stocks rise as markets cheer US-China trade truce; STI up 0.2%

[SINGAPORE] Local stocks ended higher on Tuesday (Oct 28), tracking a rally in US stocks following a trade deal between Washington and Beijing.