Singapore

VIDEO streaming service Hooq Digital, a joint venture company in which Singtel has an indirect 76.5 per cent effective interest, had to sack its global workforce of 240 people across six markets, including about 98 in Singapore, after it entered liquidation on March 27.

In response to queries by The Business Times, a Singtel spokesperson said that the group "voluntarily stepped in to take over obligations to pay Hooq employees' payroll and notice periods according to the laws of the countries in which they were based".