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Friday, September 25, 2020 – 6:30 pm
Stories that you may have missed
Singapore’s industrial production surprises with a growth of 13.7% in August
SINGAPORE’s factory output soared a surprising 13.7 percent year-on-year in August, led by strong growth in electronics, according to figures from the Singapore Economic Development Board on Friday.
Lim Oon Kuin faces second count of complicity with Hin Leong worker in forgery
TYCOON Lim Oon Kuin, founder of oil trader Hin Leong Trading, was found on Friday facing another charge of instigating a worker to commit counterfeiting.
Singapore and Japan launch travel route for business professionals
MORE executives and business professionals will now be able to travel between Singapore and Japan, using a new “Residence Route” unveiled by the Foreign Office on Friday.
Minimum CPF interest rates extended for one year until December 31, 2021
The members of the CENTRAL Provident Fund will continue to receive the minimum interest rate of 4 percent on the money in their Special Account, MediSave and Retirement for another year, until December 31, 2021.
Novena Global Healthcare board distances itself from Loh’s cousins and sets up a panel to investigate ‘fake’ accounts
The board of directors of Novena Global Healthcare Group (NGHG), the flagship firm founded by Singaporean Nelson and Terence Loh, affected by the scandal, distanced itself from the duo and established a special committee to investigate the firm’s audited accounts, which an accounting firm leader as alleged are faked.
Enterprise Singapore and FairPrice team up to help food manufacturers go digital
ENTERPRISE Singapore and NTUC FairPrice’s e-commerce platform, FairPrice Online, have launched an online initiative to help Singaporean food manufacturers diversify their sources of income.
DBS Joins Ant’s Blockchain Trading Platform
DBS said on Friday that it is now a banking partner in a recently launched blockchain trading platform developed by a unit of Ant Group.
Singapore oil trader Hontop’s bank debts are about to be liquidated
CHINA Wanda Group, the parent company of Singapore-based Hontop Energy, is close to resolving the oil trader’s disputes with two of its major lenders, according to people familiar with the negotiations.
Corporate earnings
ITS today
STI closes higher as factory production increases
SINGAPORE shares fell into positive territory on Friday, following a surprising set of industrial production figures that eased concerns about prolonged economic weakness.
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