Daily Debrief: What Happened Today (Aug 18)
Stories you might have missed
Singapore-based father-and-son duo Raj Kumar and Kishin are in the initial stages of purchasing a property known as Scotts Square, with a potential sale price of approximately S$320 million. Financial services has become a significant growth driver for Southeast Asian tech giants Grab and Sea, as evidenced by surging loan growth contributing to higher earnings in Q2.
UOB has appointed Tan Choon Hin as its new head of Asean and Greater China to foster growth from increasing cross-border economic activity between the two regions. Koh Brothers Eco Engineering is facing potential legal liabilities of up to S$57.6 million due to three major disputes. DayOne, a global digital infrastructure platform, has secured a four-year green loan worth S$530 million from local banks DBS, OCBC, and UOB to fund its first data center in Singapore.
The Philippines government's ambitious plan to privatize over 40 casinos valued at 50 billion pesos (US$813 million) is encountering resistance and concerns as it aims to eliminate conflict of interest at the state gaming regulator.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
