SINGAPORE ECONOMY

Some SMEs already in process of transforming themselves

LOCAL businesses in some sectors, particularly those hardest hit by the Covid-19 pandemic, have already been taking action to reinvent themselves instead of waiting out the crisis, firms and trade associations told The Business Times.

10 useful inventions by Singapore firms during Covid-19

Crises can bring out the best in us. Even as the coronavirus pandemic has battered businesses locally, some Singaporean companies have been able to produce smart solutions to practical problems, from scuba diving-inspired masks to a ventilator that can be controlled over the Internet. The...

New relief fund and pledge of 1,000 jobs extended to hospitality and F&B workers

SINGAPORE-based hotel chain Park Hotel Group and YMCA of Singapore, as well as Helpling, a home-services company, have stepped up to extend support to workers in the hospitality and food and beverage (F&B) sectors hit by the coronavirus pandemic.

VIRUS OUTBREAK

Hotel chain dodges existential crisis

THE coronavirus pandemic has not only been the greatest challenge for hotel chain RedDoorz, but also one of the most difficult times for its founder, Amit Saberwal, personally.

TOPLINE

Azeus Systems sees growing demand for e-AGM solution

MAINBOARD-LISTED IT solutions and products provider Azeus Systems Holdings has seen encouraging take-up of its electronic annual general meeting (e-AGM) solution.

Mapletree Commercial Trust's Q1 net property income falls 10.7%

MAPLETREE Commercial Trust (MCT) on Thursday reported a 10.7 per cent year-on-year decline in net property income to S$78.9 million for the first quarter, attributing it largely to rental rebates given to retail tenants at its core VivoCity property during the Covid-19 pandemic.

Mapletree Commercial Trust sees 11% fall in net property income for Q1

MAPLETREE Commercial Trust (MCT) on Thursday reported a 10.7 per cent year-on-year decline in net property income to S$78.9 million for the first quarter, attributing it largely to rental rebates given to retail tenants at its core VivoCity property during the Covid-19 pandemic.

Keppel Corp unit to invest in data centre in China's Tonghu Smart City

THE Alpha Data Centre Fund (Alpha DC Fund), managed by Keppel Capital's wholly-owned unit Alpha Investment Partners, is set to invest 1.5 billion yuan (S$300 million) to acquire and develop a data centre in Tonghu Smart City in Huizhou in southern China. 

OUE C-Reit posts H1 DPU of 1 Singapore cent; retains S$13.8m for 'financial flexibility'

OUE Commercial Real Estate Investment Trust (C-Reit) on Thursday posted a distribution per unit (DPU) of one Singapore cent for the half-year ended June 30, 40.5 per cent lower than a year ago.

Elec & Eltek privatisation bid turns unconditional

PRINTED circuit board manufacturer Elec & Eltek International Holdings (E&E) is on its way to being delisted from the Singapore Exchange and the Hong Kong stock exchange, as the...

Keppel Infrastructure Trust posts Q2 DPU of 0.93 Singapore cent

KEPPEL Infrastructure Trust (KIT) on Wednesday posted a second-quarter distribution per unit (DPU) of 0.93 Singapore cent, unchanged from a year ago, even as its distributable cash flow increased.

Keppel Pacific Oak US Reit posts Q2 DPU of 1.56 US cents

KEPPEL Pacific Oak US Reit (KORE) on Wednesday posted a second-quarter distribution per unit (DPU) of 1.56 US cents, 4 per cent higher than a year ago.

Asian Healthcare Specialists partners Heliconia to pursue healthcare investments in South-east Asia

ASIAN Healthcare Specialists (AHS) said on Wednesday that it is partnering Temasek Holdings' Heliconia unit to pursue healthcare investments in South-east Asia. 

GLP to build industrial park in Sino-Singapore Tianjin Eco-City

GLP, a global logistics property player, has secured two industrial-land plots in the Sino-Singapore Tianjin Eco-City and plans to invest 300 million yuan (S$59.3 million) to build a "smart logistics" industrial park there.

Keppel Infrastructure Trust posts Q2 DPU of 0.93 Singapore cent

KEPPEL Infrastructure Trust (KIT) on Wednesday posted a second-quarter distribution per unit (DPU) of 0.93 Singapore cent, unchanged from a year ago, even as its distributable cash flow increased. 

Kitchen Culture to get S$9.5m through new share placement

KITCHEN Culture on Wednesday announced a proposed placement involving 21 investors, which will give it about S$9.5 million in net proceeds, if shareholders approve. 

Keppel Pacific Oak US Reit posts Q2 DPU of 1.56 US cents

KEPPEL Pacific Oak US Reit (KORE) on Wednesday posted a second-quarter distribution per unit (DPU) of 1.56 US cents, 4 per cent higher than a year ago, helped by factors such as positive rental reversion from lease renewals and income from new leases. 

BEYOND COVID-19: RECONFIGURING RETAIL

Singapore mall operators play key role to widen retailers' online reach

AS retailers forge ahead with efforts to go online, a move hastened by the Covid-19 pandemic, mall operators in Singapore should also align themselves with the trend to stay relevant - not just to consumers, but tenants as well, according to industry consultants.

SPOTLIGHT

Change mindset towards skills training in Covid-19 and beyond: SkillsFuture Forum 2020 panel

EMPLOYERS and workers alike have to change their mindsets towards skills training, especially as disruption arising from the coronavirus pandemic has spurred a rethink of businesses and, in turn, their workforce, industry players said at a SkillsFuture Forum 2020 panel discussion last Friday....

SKILLSFUTURE FORUM

SGUnited Skills Programme has over 1,000 sign-ups to date: SkillsFuture Forum 2020

ABOUT 1,300 people so far have signed up for the more than 6,500 training places available under the SGUnited Skills Programme, Education Minister Ong Ye Kung said on Friday.

1,300 people have signed up for SGUnited Skills Programme to date

ABOUT 1,300 people so far have signed up for the more than 6,500 training places available under the SGUnited Skills Programme, Education Minister Ong Ye Kung said on Friday.

UOB, Getz tie-up offers lower delivery fees for F&B outlets

UNITED Overseas Bank (UOB) and Getz, a food and beverage (F&B) payment and ordering platform provider, have tied up to provide merchants with lower food delivery transaction fees and marketing.

Lower food delivery transaction fees for F&B merchants in UOB-Getz tie-up

UNITED Overseas Bank (UOB) and Getz, a food and beverage (F&B) payment and ordering platform provider, have tied up to provide merchants with lower food delivery transaction fees and marketing. 

Founder Bak Kut Teh calls for customers' support as Covid-19 pushes it to the brink

FOUNDER Bak Kut Teh is seeking customers' support as the coronavirus pandemic threatens to shutter the 42-year-old F&B business in the next two months, having eroded its income from locals and tourists.

VIRUS OUTBREAK

Aug 10 target to restart Singapore-Malaysia travel

SINGAPORE and Malaysia are aiming to restart cross-border travel by Aug 10 for long-term pass holders and essential business and official travellers.