News
Rolls-Royce slashes 24% of Singapore manpower
Rolls-Royce slashes 24% of Singapore manpower
They are working closely with various groups to give further support to the affected staff.
EMA seeks for two more LNG term importers
This is said to enhance competition and provide more options for gas buyers.
Hyflux gets another potential investor
Unilegend Investments is willing to add in an available working capital to the group.
7 in 10 organisations fell victim to public cloud security incidents
All Singapore firms surveyed are concerned about current levels of cloud security.
Karana closes $2.37m seed funding
This will be used to fund its whole-plant-based meats and dim sum products in Singapore.
Daily Briefing: Ruling party suffers weakest performance in 55 years; RTS Link project discussions can be concluded by 31 July
And Facebook removes critical spectator admin accounts for violating policies.
Chart of the Day: Homes under 800 sqft make up most purchases in May
This points to investors entering the market to pick up smaller units.
SATS' profit down 32.2% to $168.4m in FY2020
Its Q4 profit plunged 112.6% on the back of lower revenue for gateway services.
Chart of the Day: Bulk of homes sold at $2m in May
Sale of units priced $2m-$3m dropped to 4%.
Daily Briefing: Minister Wong urges employers to continue WFH arrangements; Cybersecurity startup Aiculus raised $932k in seed funding
And Singapore enters survival mode and looks to reinvent itself in the post-pandemic period.
Utico raises Hyflux's equity valuation offer to $485m
The RA was also extended to end July.
HDB resale volume surged 573.6% in June
This marks as the highest monthly sales inked since July 2018.
Biolidics, LC-Bio team up to develop cancer diagnostic solutions
Biolidics will be LC-Bio's exclusive partner in China for five years.
Olam unit secures samurai loan facility of $324.08m
Olam Treasury aims to refinance existing loans and general corporate purposes.
Keppel unit extends KrisEnergy's restructuring deadline to 30 September
The latter failed to complete the restructuring process by 15 July.
Daily Briefing: COE prices close higher since suspension; Openspace Ventures raised $125.17m in first close of third SE Asia fund
And scientists seek power in shadow energy.
Daily Markets Briefing: STI up 0.3%
Medtecs International led the gains amongst top active stocks with a 16.31% expansion.
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Commentary
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