Daily Debrief: What Happened Today (Aug 27)
Stories you might have missed
On August 27, Brazilian oil company Petrobras and offshore and marine firm Seatrium were reportedly discussing a potential collaboration to explore natural gas solutions. Meanwhile, Singapore Airlines found itself in a challenging situation, as it grappled with the prospect of seeking US$1.5 billion in fresh equity from its shareholders, according to a Reuters report on August 25.
Car rental company RentLah filed a lawsuit against its former director, Jackie Ong, and a car dealer, Skyway, alleging a 95-vehicle fraud. Maybank's second quarter profit rose by 2.4% to RM2.69 billion (US$668 million), thanks to lower impairment costs and increased non-interest income. Additionally, Sembcorp Industries' Indian renewables unit announced the filing of draft IPO papers in Mumbai, with media reports suggesting potential fundraising of up to US$500 million.
In Malaysia, the country's largest bank, CIMB Group, concluded a pilot program using tokenised deposits to settle nearly RM1.4 billion (US$342.7 million) of tokenised Sukuk. Lastly, MSCI decided to remove S-E Asian heavyweights Sembcorp, GoTo, and Ayala Land from its global benchmarks.
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.
