Asia stocks looked set to climb Tuesday after a rally in technology shares boosted their U.S. peers. Treasuries rose and the dollar retreated. Futures pointed to modest gains in Australia, Hong Kong and Japan. For the third time in a week, the S&P 500 Index rose above its February closing record during the session, but ended below it. Fresh Chinese stimulus buoyed the benchmark, but lingering tensions continue to weigh on sentiment as the U.S. announced new restrictions on Huawei.

Offshore and marine firm KS Energy has clarified that a demand from OCBC Bank to the company for a term loan owed by its 80.09 per cent-owned subsidiary KS Drilling (KSDL) is for less than US$230 million, and that the term loan is secured by various assets.

The offer by consortium Primero Investment Holdings to take mainboard-listed Perennial Real Estate Holdings private has closed, with the latter heading for a delisting.

Sembcorp Development, wholly owned by mainboard-listed Sembcorp Industries (SCI), will develop its first integrated urban development in Myanmar, SCI said in a regulatory filing on Monday.

The forbearance agreement between Floatel International and an ad-hoc committee (AHC) of holders of its US$400 million senior secured, first-lien 9 per cent bonds has been extended again, this time to Aug 31, from Aug 15. Floatel is an associate company of Keppel Corp.

Singapore Telecommunications (Singtel) posted declines in its group revenue and earnings before interest, tax, depreciation and amortisation (Ebitda) for the first quarter ended June 30, 2020. Ebitda was down 24.2 per cent to S$897 million from S$1.18 billion a year ago, it said in a business update on Monday. Excluding NBN migration revenues, Ebitda dropped 27 per cent to S$797 million from S$1.09 billion a year ago.

The Malaysian arm of Singapore-based wealth management and brokerage platform iFast Corp has received in-principle approval from the Securities Commission Malaysia to carry out the regulated activity of dealing in securities.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR