TOP STORIES

VIRUS OUTBREAK

Axe falls on Resorts World jobs; MBS not expected to be spared

RESORTS World Singapore (RWS) held a "one-off workforce rationalisation" on Wednesday...

PUBLISHED Jul 16, 2020 05:50 AM
NEWS ANALYSIS: INTEGRATED RESORTS

Casinos can't survive on local 'revenge gamblers' alone

SINGAPORE'S tourism attractions were given the go-ahead to reopen their doors this...

PUBLISHED Jul 16, 2020 05:50 AM

Finding opportunities in a crisis

WHEN life throws you a curveball, catch it. It could mean the difference between...

PUBLISHED Jul 16, 2020 05:50 AM
VIRUS OUTBREAK

June new condo sales more than double on pent-up demand, foreigner buying

DEVELOPERS in Singapore sold 998 new private homes in June, 105 per cent more than May...

PUBLISHED Jul 16, 2020 05:50 AM
VIRUS OUTBREAK

June 2019: SIA flies 1.9m passengers. June 2020: 13,900

SINGAPORE Airlines (SIA) flew just 13,900 passengers in June 2020, down from nearly 1....

PUBLISHED Jul 16, 2020 05:50 AM

New job scopes for remaining RWS staff

STAFF who have escaped the axe at Resorts World Sentosa (RWS) could take up higher-...

PUBLISHED Jul 16, 2020 05:50 AM

Problem gambling under control: casino regulator

THE authorities have a close eye on Singapore's problem-gambling situation, the Casino...

PUBLISHED Jul 16, 2020 05:50 AM

ChildAid raises S$1.95m for underprivileged children

IN homes across the world, over 1,150 performing artists got together to celebrate the...

PUBLISHED Jul 16, 2020 05:50 AM

COMPANIES & MARKETS

Sembmarine institutes pay cuts as yard shutdowns bring H1 net loss to S$192m

AFTER a washout first half, Sembcorp Marine's (Sembmarine's) ability to ramp up...

PUBLISHED Jul 16, 2020 05:50 AM

SGX queries Biolidics on A*Star licence deal

THE Singapore Exchange (SGX) on Wednesday posed a series of queries to Biolidics about...

PUBLISHED Jul 16, 2020 05:50 AM

Keppel bags two FPSO contracts worth S$73m

KEPPEL Offshore & Marine (Keppel O&M) has, through its wholly-owned...

PUBLISHED Jul 16, 2020 05:50 AM
OBITUARY

Neil Montefiore, former Starhub and M1 CEO, dies, aged 67

TRIBUTES poured in for Neil Montefiore, the former chief executive of telcos StarHub...

PUBLISHED Jul 16, 2020 05:50 AM
HOCK LOCK SIEW

Acquiring full control of BidFX will enable SGX to unlock vast potential of FX OTC market

ABOUT seven years ago, the Singapore Exchange (SGX) was not in the foreign exchange (...

PUBLISHED Jul 16, 2020 05:50 AM

No sign of panic exit from Singapore investors despite volatility: Endowus

ROBO-ADVISER Endowus has seen "no mass panic" from Singapore investors despite the...

PUBLISHED Jul 16, 2020 05:50 AM
BROKER’S TAKE

DBS raises target price on Riverstone on rising glove prices, fatter margins

DBS Group Research has raised its target price on Malaysia-based nitrile glove...

PUBLISHED Jul 16, 2020 05:50 AM

DBS, Contour complete secured LC transaction on blockchain network

EFFORTS to digitalise trade finance are taking shape amid renewed questions over fraud...

PUBLISHED Jul 16, 2020 05:50 AM
STOCKS

STI closes 28.71 points higher amid mixed sentiment across the region

AMID mixed sentiment across the region, the benchmark Straits Times Index (STI) ended...

PUBLISHED Jul 16, 2020 05:50 AM
CURRENCIES

Riskier currencies gain on Covid-19 vaccine hopes

RISK sentiment revived in currency markets on Wednesday, as progress towards a Covid-...

PUBLISHED Jul 16, 2020 05:50 AM

REAL ESTATE

Condo, HDB rents slide further in June: SRX

RENTS for private apartments and Housing and Development Board (HDB) flats continued...

PUBLISHED Jul 16, 2020 05:50 AM

Redevelopment of Marina Bay floating platform to start in 2022

THE redevelopment works on The Float @ Marina Bay are scheduled to start in March 2022...

PUBLISHED Jul 16, 2020 05:50 AM

Shenzhen tightens restrictions on home purchases as prices spike

THE southern Chinese technology hub of Shenzhen announced new restrictions on home...

PUBLISHED Jul 16, 2020 05:50 AM

Lazada helps South-east Asia's malls go online

CLOBBERED by the crushing effects of the coronavirus pandemic, thousands of retailers...

PUBLISHED Jul 16, 2020 05:50 AM

Green buildings are so yesterday. 'Deep-green' ones are actually good for the planet

FOR a couple of decades, many in the real estate industry have been trying to make...

PUBLISHED Jul 16, 2020 05:50 AM

UK tax break pits landlords against first-time home buyers

AFTER five years spent making it easier for first-time home buyers to compete with...

PUBLISHED Jul 16, 2020 05:50 AM

BANKING & FINANCE

Economy past the worst, but recovery will be slow: BOJ head

BANK of Japan (BOJ) governor Haruhiko Kuroda said that Japan's economy was past the...

PUBLISHED Jul 16, 2020 05:50 AM

Spate of bank runs forces China regulators and police to act

SOCIAL media-fuelled rumours about banks collapsing are popping up at an unprecedented...

PUBLISHED Jul 16, 2020 05:50 AM

Bankers mull exit from Hong Kong on shock 45% China tax rate

FEARS of a Hong Kong brain drain are increasing after China moved to tax its citizens...

PUBLISHED Jul 16, 2020 05:50 AM

ENERGY & COMMODITIES

Modi's fuel-tax hikes put brakes on India's recovery

DILIP Lamba, who owns a transport company in Jodhpur in western India, has had more...

PUBLISHED Jul 16, 2020 05:50 AM

Oil edges higher on drop in US stockpiles, Opec+ compliance

OIL edged higher after a report pointed to a drop in US crude stockpiles and on signs...

PUBLISHED Jul 16, 2020 05:50 AM

TECHNOLOGY

Huawei ban turns UK phone market into duopoly

WITH Huawei Technologies Co barred from Britain's future wireless networks, its two...

PUBLISHED Jul 16, 2020 05:50 AM

Over 2,500 games removed from Apple's China app store

MORE than 2,500 mobile games were removed from Apple's China app store in the first...

PUBLISHED Jul 16, 2020 05:50 AM

Sony boosts output of PlayStation 5 to meet surge in demand

SONY Corp is roughly doubling its PlayStation 5 production to 10 million units this...

PUBLISHED Jul 16, 2020 05:50 AM

CONSUMER

The New York Times will move part of Hong Kong office to Seoul

THE New York Times will shift part of its Hong Kong office to Seoul, the latest sign...

PUBLISHED Jul 16, 2020 05:50 AM

Australia weighs further curbs as outbreak grows

AUSTRALIA'S most populous states will impose harsher restrictions on movement if a...

PUBLISHED Jul 16, 2020 05:50 AM

Naiise exits Design Orchard, cuts headcount, operating costs

FOLLOWING a series of cost-cutting measures which have included layoffs, design...

PUBLISHED Jul 16, 2020 05:50 AM

TRANSPORT

Nissan unveils new electric SUV and corporate logo redesign

NISSAN Motor Co unveiled a new electric vehicle and redesign of its "hamburger"...

PUBLISHED Jul 16, 2020 05:50 AM

Boeing lost 60 Max orders in June amid Covid-19 pandemic

BOEING Co's order stockpile shrank further last month as more airlines and lessors...

PUBLISHED Jul 16, 2020 05:50 AM

Heathrow Airport deploys cleaning robots to kill viruses

HEATHROW Airport is introducing cleaning robots and other measures to try to reduce...

PUBLISHED Jul 16, 2020 05:50 AM

GOVERNMENT & ECONOMY

Apple wins fight against 13b euro tax order

APPLE scored a major win on Wednesday as Europe's second-highest court rejected an...

PUBLISHED Jul 16, 2020 05:50 AM

EU to clamp down on harmful corporate tax systems

THE European Commission on Wednesday unveiled plans to clamp down on aggressive...

PUBLISHED Jul 16, 2020 05:50 AM

Trump ends Hong Kong trade preferences, backs banking sanctions

US PRESIDENT Donald Trump on Tuesday stripped Hong Kong of preferential trade...

PUBLISHED Jul 16, 2020 05:50 AM

Arbitration preferred choice for dispute resolution: Ministry of Law study

AN INAUGURAL study commissioned by the Ministry of Law has shown that almost three in...

PUBLISHED Jul 16, 2020 05:50 AM

LIFE & CULTURE

Documenting the year 2020

A few weeks ago, a nerdy joke went viral on Twitter: Future historians will be asked...

PUBLISHED Jul 16, 2020 05:50 AM

Metropolitan Opera will livestream its biggest stars

FOR months, the Metropolitan Opera has been streaming operas from its extensive video...

PUBLISHED Jul 16, 2020 05:50 AM

OPINION

THE BOTTOM LINE

Covid-19: Comprehensive shutdown needed in US

WHEN you mix science and politics, you get politics. With the coronavirus, the United...

PUBLISHED Jul 16, 2020 05:50 AM
EDITORIAL

Pandemic-induced recession demands a different response

THE recession that Singapore has now officially entered is unprecedented in many ways...

PUBLISHED Jul 16, 2020 05:50 AM

To bypass China, India should try a 'costless trick'

INDIA'S economic policy elite has been oscillating in its recommendations of doing...

PUBLISHED Jul 16, 2020 05:50 AM

Contact tracing: China's health code offers some lessons

EVEN as the still-evolving Covid-19 situation looks to have peaked in many parts of...

PUBLISHED Jul 16, 2020 05:50 AM

Women advance in politics, but what about in business?

ONE significant outcome of Singapore's general election that has been largely...

PUBLISHED Jul 16, 2020 05:50 AM

Business leaders must retain focus as Asia's 'riskscape' evolves

WHILE Asia-Pacific businesses are better prepared to address the adverse financial...

PUBLISHED Jul 16, 2020 05:50 AM

BREAKING NEWS

Jul 16, 2020 09:52 PM

Uber acquires public transportation software company in latest transit expansion

[NEW YORK] Uber Technologies on Thursday announced the acquisition of transit software provider Routematch, marking...

Jul 16, 2020 09:41 PM

US: Wall St opens lower as virus fears eclipse upbeat retail sales

[NEW YORK] US stocks opened lower on Thursday as concerns about the economic toll of another round of coronavirus-...

Jul 16, 2020 09:38 PM

Cirque du Soleil accepts recapitalisation offer from creditors

[MONTREAL] Cirque du Soleil accepted a recapitalisation offer from its creditors on Thursday, after an earlier deal...

Jul 16, 2020 09:19 PM

Keppel Pacific Oak US Reit obtains US$115m five-year term loan facility

KEPPEL Pacific Oak US Reit (KORE) has obtained a US$115 million, five-year term loan facility to pay off its...

Jul 16, 2020 09:15 PM

Novartis to provide 'no profit' Covid-19 drugs to low income countries

[ZURICH] Novartis's Sandoz division will not profit from 15 generic drugs it is making available to developing...

Jul 16, 2020 09:03 PM

US sanctions world's top surgical glove maker over forced labour

[KUALA LUMPUR] The US has banned the import of surgical gloves from two subsidiaries of Malaysia's Top Glove, the...