Daily Debrief: What Happened Today
Stories you might have missed
Re-Align Framework tackles power imbalance faced by small, micro firms
AS Singapore moves towards recovery, businesses should be enabled to reallocate resources to more productive uses, "rather than being stuck in a prolonged, painful, unproductive struggle, when circumstances and business assumptions have clearly changed", said Second Minister for Law Edwin Tong in Parliament.
NWC does not expect all employers to need to cut wages in next 12 months: Josephine Teo
SHE said not all employers will need to cut wages, as some have seen no reduction in demand, while others have already adjusted wage levels or non-wage costs in line with earlier guidelines issued in March.
Construction sector given more time and other help to share burden across value chain
NEW proposed measures, including a universal four-month extension of time for construction contracts, aim to provide support so that no single part of the built-environment sector "has to bear a disproportionate share of the burden brought about by the pandemic", said Minister for National Development Desmond Lee in Parliament.
Temasek, Heritas Capital invest in China agrifood tech fund by Bits x Bites
CHINESE venture capital Bits x Bites has achieved the US$30 million first close of its new US$70 million fund to grow agrifood technology in China.
ARA Logos raises about S$50m in private placement
ARA Logos Logistics Trust has raised about S$50 million from its private placement to partially finance its proposed acquisition of five Australian properties and investment in two of the sponsor's funds.
Corporate earnings
The STI today
STI climbs 2.21% to 2,497.22 points on eve of US presidential polls THE benchmark Straits Times Index ended the day up 54.09 points or 2.21 per cent at 2,497.22, with all 30 of its component stocks in positive territory.
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International
Thames water crisis risks £100 billion UK investment plan
Indian central bank issues draft guidelines for web aggregators of loan products
Vietnam National Assembly head resigns amid graft purge
China central bank flags bond investment risks to some financial institutions: sources
Xi tells Blinken US, China should be 'partners, not rivals'
Indonesia’s push for regional economic integration to continue under Prabowo: Vivian Balakrishnan