SINGAPORE (Reuters) – Loss-making Sembcorp Marine (SCMN.SI) unveiled plans for a S$2.1 billion ($1.5 billion) recapitalisation through a rights issue backed by the rig builder’s parent firm, Sembcorp Industries (SCIL.SI), and state investor Temasek …
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Industrial production fell by 17.9% in April from the previous month, following a 8.9% drop in March. The data marked “the largest decline since the beginning of the time series in January 1991.” The sharpest drop in production was seen in the auto industry, …
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Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Among a panel of business owners on “Fox & Friends Weekend,” a restaurant business owner said that restaurants are in a position to open back up.
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Napa County has given the county’s wineries the green light to reopen their tasting rooms to the public, a county spokesperson confirmed late Friday afternoon. The announcement comes after weeks of anticipation on the part of the county’s wineries, which …
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By Ritin Rai The Ordinance amending the Insolvency and Bankruptcy Code (IBC), and suspending the law for six months from June 5, was long overdue. Over the last two months during Covid-19 lockdown, commentators had suggested more nuanced …
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