Daily Debrief: What Happened Today (Sep 1)

Stories you might have missed

Marina Bay Sands’ scale, success and bold expansion are a blessing and a curse for Singapore’s hotel sector

[SINGAPORE] The picture for Singapore’s hotel sector in the second quarter was not pretty. However, the sector’s performance in July showed improvement from the year-ago period.

Prive Group closes all its restaurants; Far East-backed Commonwealth Concepts takes over 2 outlets

[SINGAPORE] The Prive Group has shut down all its restaurants from Aug 31.

Cathay Cineplexes ceases operations as talks with creditors fall through

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[SINGAPORE] Struggling cinema chain Cathay Cineplexes has ceased operations as of Monday (Sep 1), shortly after its voluntary liquidation was announced earlier in the day.

Mediacorp lays off 93 staff due to rapid scale and pace of change in media landscape

[SINGAPORE] Mediacorp is laying off 93 staff as it adapts to a “rapidly evolving media landscape and to better align its operations amid the prevailing economic and commercial uncertainty”.

Yangzijiang Shipbuilding leads gains; STI up 0.2%

[SINGAPORE] The local bourse started the week on a positive note, contrary to cautious sentiments in regional markets.