Venezuela, Colombia reopen border

Venezuela and Colombia have agreed to partially reopen their common border from today, a year after Venezuela closed the frontier in a dispute over security and smuggling. Venezuela is in the midst of a severe economic crisis where food and basic supplies are in short supply. Last month, nearly 200,000 people entered Colombia to stock up on supplies when Venezuela briefly reopened the border.

Aiming for a flag record - with food

Some 350 volunteers will try to set a record for the largest Singapore flag made of canned food today, with 16,000 cans of food. The canned food, donated by individuals and corporate partners, will then be packed into ration bags and distributed to less-privileged residents and voluntary welfare organisations in the area. Called Project K.AN, the event is organised by the Kampong Chai Chee Community Centre Youth Executive Committee.

Vallianz's Q2 results out tomorrow

Vallianz Holdings, which is 25.15 per cent owned by beleaguered Swiber Holdings, will unveil its second-quarter financial results tomorrow. The provider of offshore support vessels to the oil and gas industry has sought to distance itself from Swiber, which has gone into judicial management.

Vallianz chief executive Ling Yong Wah said the company has been cutting its dependence on Swiber as a key source of revenue.