Markets

Mallinckrodt Plc filed for bankruptcy protection on Monday in the face of lawsuits alleging it fueled the U.S. opioid epidemic and after the drugmaker lost a court battle to avoid paying higher rebates to state Medicaid programs for its top-selling drug.

THE Monetary Authority of Singapore (MAS) will extend its low-cost Singapore-dollar facility to support lending by banks and finance companies to small and medium-sized enterprises (SMEs) in the Republic.

TOKYO: Japanese trading house Mitsui & Co plans to sell its remaining stakes in coal-fired power stations by the end of the decade as it shifts to gas from coal to help achieve its 2050 net zero emission target, its chief executive told Reuters. "We still own stakes in...

SINGAPORE: Enterprise Singapore announced on Monday (Oct 12) that it will enhance and extend several grants and loan schemes, as part of its continued efforts to support companies recovering from the COVID-19 pandemic. The grants seek to support the transformation efforts of companies, as well as ...

Triller Inc, a budding competitor to popular short-video app TikTok, is in discussions with blank-check acquisition companies about a merger which would take the U.S. social media company public, according to people familiar with the matter.

European Union regulators are making a 'hit list' of up to 20 large internet companies, potentially including Facebook, Apple, Amazon and Alphabet's Google, that will be facing new and tougher rules aimed at curbing their market power, the Financial Times reported https://on.ft.com/34NZ3lW.

UOB's Sydney branch has priced A$500 million (S$489.6 million) of senior unsecured floating rate notes due October 2023, which will fall under its US$15 billion global medium-term note programme, the bank said on Monday morning in a bourse filing.

SINGAPORE: Singapore and Indonesia have agreed to set up a reciprocal green lane (RGL) to enable cross-border travel for essential business and official purposes between both countries. Applications for the RGL will open on Oct 26 and travel will commence soon after, Singapore's Ministry of ...

It will be tempting for firms to put any commitment to the environment in the back seat as they attempt to recover but this is short-sighted, say experts.

Singapore companies and workers have little choice but to swim with the tide brought upon by a pandemic-imposed new order, rather than continue to resist it.