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Del Monte Pacific submits US$1.2 billion restructuring plan after US unit’s bankruptcy

[SINGAPORE] Mainboard-listed F&B group Del Monte Pacific has outlined a framework to address the group’s debt obligations, in a group capital and financial recovery plan submitted to the Philippine Stock Exchange on Monday (Jun 1). The total debt perimeter subject to the restructuring is about US$1.2 billion.

Sats, Venture are top STI performers in record-setting May

[SINGAPORE] Sats and Venture Corp led gains on the Straits Times Index (STI) in May, as the benchmark index finished the month “modestly higher” with a total return of 3.3 per cent, said Singapore Exchange Research on Tuesday.

DBS, OCBC close at fresh highs as Singapore banks lead STI gains

[SINGAPORE] Shares of DBS and OCBC hit fresh highs on Tuesday, as the trio of local banks ranked among the Straits Times Index’s top gainers.

Gojek founder Nadiem pleads not guilty, says ‘the world felt like it was ending’ when in prison

[JAKARTA] Indonesia’s former education minister and Gojek founder Nadiem Makarim pleaded not guilty on Tuesday to corruption charges over a government Chromebook procurement programme, insisting that he was wrongly accused in a high-profile case closely watched by investors and the tech sector.

Thomson Medical Group names Cassandra Loh as acting CEO for its Singapore operations

[SINGAPORE] Thomson Medical Group – controlled by billionaire Peter Lim – has announced the new leadership for its Singapore operations.