WUHAN VIRUS OUTBREAK
SERVICE sector activity in Asia, especially tourism-related fields, would be the most vulnerable should the Wuhan virus outbreak escalate sharply.
In today's paper
COMMENTARY
THE metropolis of Wuhan, with a population of 11 million, is under unprecedented quarantine as a deadly virus, believed to have originated there, spreads around the world ahead of the Lunar New...
WUHAN'S status as a transport and manufacturing hub have fuelled its economic rise and drawn comparisons with Chicago's role as a pivotal city in the centre of a giant economy.
WUHAN VIRUS OUTBREAK
HOMEGROWN biotech firm Veredus Laboratories on Friday announced it is developing a test for the Wuhan virus.
THE majority of fund managers are optimistic about emerging and other equities and economies, according to the latest Bank of America Merrill Lynch (BofAML) survey.
A CRISIS of confidence is brewing in Indonesia's mutual fund industry after some asset managers created products that invested in tiny, illiquid stocks, which have plunged in value.
LIAN Beng Group is looking to dispose of its 40 per cent stake in asphalt premix manufacturer United E&P (UEP) for S$9.4 million.
DBS Group Research has raised its target price for the Singapore Exchange (SGX) to S$9.60, up from S$8.90 previously, while maintaining its "buy" call on the stock.
ARA US Hospitality Trust (ARA H-Trust) has established an S$800 million multicurrency stapled debt issuance programme, it said on Friday morning.
STOCKS
UNDERSTANDABLY, the focal point of market talk this week was on the spread of the Wuhan coronavirus ahead of Chinese New Year.
MAINBOARD-LISTED construction player Koh Brothers Group posted a 29 per cent rise in net profit to S$2.4 million for its fourth quarter ended Dec 31, 2019, from S$1.9 million a year ago.
