Daily report: what happened today, government and economy



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Friday, November 20, 2020 – 6:30 pm

Stories that you may have missed

CIMB Singapore eliminates three heads of business amid bank reorganization

The three business heads that were cut are Josandi Thor, head of consumer banking, Yong Jiunn Run, head of commercial banking, and Lai Ven-Li, head of corporate banking.


Grab to add platform fee after Singapore competition authority removes restrictions

GRAB will add a platform fee of approximately S $ 0.30 to its trip in the coming months, after a statement from the Singapore Competition and Consumers Commission (CCCS) said it would remove previous restrictions placed on the transport company.


Singapore’s PDPC is investigating allegations that Muslim Pro sold user data to the US military.

In response to inquiries from The Business Times, a PDPC spokesperson said the commission is requesting more detailed information from Bitsmedia and PDPC reminded users to consider the type of permissions and personal data they provide, and how they can be used. .


IBM to recruit and train 300 Singaporean professionals in emerging technology

THE roles include digital consultants, big data engineers, data scientists, cloud architects, UX (user experience) designers, and full-stack digital developers.


Former Hong Kong Telco CEO to Become Executive Vice President of Singtel’s Singapore Consumer Business

SINGTEL has appointed Anna Yip, former CEO and CEO of Hong Kong telecommunications company Smartone Telecommunications, as Deputy General Manager of its Singapore consumer business, effective December 17.


Olam to acquire a 51% stake in the Togolese state cotton company for € 15.3 million

OLAM will pay 15.3 million euros (24.4 million Singapore dollars) for the cash and debt-free equity interest and a closing net working capital of about 19.1 million euros.


Bharti Infratel and Indus Towers complete merger: Singtel

The combined entity, to be renamed Indus Towers Limited, is listed on the National Stock Exchange of India and BSE.


Aviva Singlife sees high demand for S $ 550 million banknotes as orders exceed S $ 3.5 billion

IT is the first Singapore dollar (SGD) denominated bond bridge transaction, and also the first acquisition financing for a Tier 2 issuance in the SGD market, according to The Business Times (BT).


ITS today

STI tracks Wall Street to gain 1.3%, sealing 3.7% gain for the week

The Straits Times (STI) index gained 36.01 points, or 1.3 percent, to 2,813.01 on Friday, due to a modest rally in US stocks overnight led by tech stocks.



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