TOP STORIES

Will S$92b do it? Jobs may be best gauge of efficacy of support moves

THE effectiveness of government support in the Covid-19 crisis might better be...

PUBLISHED May 28, 2020 05:50 AM

SGX hit by loss of most MSCI contracts to HKEx

SINGAPORE Exchange shares were mauled on Wednesday on news that the Hong Kong bourse...

PUBLISHED May 28, 2020 05:50 AM
FORTITUDE BUDGET

Singapore's financial position weaker in coming years: Heng

WITH almost S$100 billion set aside to combat Covid-19, Singapore's financial position...

PUBLISHED May 28, 2020 05:50 AM

A new way of doing things after the circuit breaker lifts

JUNE 2 marks the day when Singapore cautiously initiates its first phase of reopening...

PUBLISHED May 28, 2020 05:50 AM
NEWS ANALYSIS

S$285m support for startups: Will vetting be stringent enough?

THE government's additional S$285 million startup support measure announced on Tuesday...

PUBLISHED May 28, 2020 05:50 AM

Singapore services receipts down 1.1% in Q1

SINGAPORE'S services sector saw receipts fall 1.1 per cent year on year in the first...

PUBLISHED May 28, 2020 05:50 AM

Telecommuting as the default mode of working

Singapore formally exits the eight-week Circuit Breaker period when it ends on June 1...

PUBLISHED May 28, 2020 05:50 AM
LABOUR RESTRUCTURING

National Jobs Council could drive a rethink of Singapore's skills and labour profile

THE National Jobs Council will help Singapore sharpen workforce planning in a post-...

PUBLISHED May 28, 2020 05:50 AM
LABOUR RESTRUCTURING

Employers urge caution amid calls to cut back foreign worker pool

AMID calls from some quarters for a reduction in the number of migrant workers in...

PUBLISHED May 28, 2020 05:50 AM
STIMULUS PLANS

EU unveils proposed 750b euro post-pandemic recovery package

THE EU unveiled a proposed 750 billion euro (S$1.2 trillion) recovery plan on...

PUBLISHED May 28, 2020 05:50 AM
STIMULUS PLANS

Japan approves new 117t-yen package to boost economy

JAPANESE Prime Minister Shinzo Abe's cabinet on Wednesday approved a new US$1.1...

PUBLISHED May 28, 2020 05:50 AM

COMPANIES & MARKETS

CDL unit M&C axes 8% of global team, furloughs about 30% of employees

MILLENNIUM & Copthorne (M&C) Hotels has reduced its global headcount by 8 per...

PUBLISHED May 28, 2020 05:50 AM

SGX RegCo queries EHT on restructuring process and progress of strategic review

THE Singapore Exchange Regulation (SGX RegCo) on Wednesday night asked Eagle...

PUBLISHED May 28, 2020 05:50 AM

Sharing of rent liabilities will hit office, industrial Reits more

THE government's mandate for landlords to help small- and medium-sized enterprise (SME...

PUBLISHED May 28, 2020 05:50 AM

Hyflux rescue deal hits snag as Utico changes cash offer to shares

THE rescue deal for Hyflux has hit another snag, with potential investor Utico now...

PUBLISHED May 28, 2020 05:50 AM

Singapore firms to pay 5% less dividends this year: IHS Markit

SINGAPORE companies are expected to deliver US$14.2 billion in dividends in 2020, down...

PUBLISHED May 28, 2020 05:50 AM

Corporate digest

CATALIST-LISTED startup incubator The Trendlines Group on Wednesday said it has...

PUBLISHED May 28, 2020 05:50 AM
STOCKS

STI slips 10.82 points to close at 2,519.48

SINGAPORE stocks ended Wednesday on a softer note, with the benchmark Straits Times...

PUBLISHED May 28, 2020 05:50 AM
CURRENCIES

Euro up on proposed EU recovery package

THE euro headed towards a two-month high on Wednesday after the European Commission...

PUBLISHED May 28, 2020 05:50 AM

REAL ESTATE

COMMENTARY

A greater need for real estate agility

IT IS not hyperbolic to say that Covid-19 has significantly transformed the way we...

PUBLISHED May 28, 2020 05:50 AM

Singapore's Infrastructure Asia, Myanmar sign collaboration agreement

SINGAPORE'S Infrastructure Asia (IA) initiative will identify suitable investors for...

PUBLISHED May 28, 2020 05:50 AM

HK property sector hit by pandemic, protests

PESSIMISM towards some Hong Kong real estate stocks, especially those of landlords,...

PUBLISHED May 28, 2020 05:50 AM

KKR to invest US$1b to build data centres in Europe

KKR said it will put US$1 billion into a new data centre venture in Europe, as private...

PUBLISHED May 28, 2020 05:50 AM

US new-home sales post surprise gain in sign of stability

NEW-home sales in the US unexpectedly increased in April after swooning a month...

PUBLISHED May 28, 2020 05:50 AM

Reuben Brothers to develop houses, hotel near Madrid

BILLIONAIRE real estate investors David and Simon Reuben have made a push into Madrid'...

PUBLISHED May 28, 2020 05:50 AM

BANKING & FINANCE

NUS raises S$300m in its first green bond issuance

THE National University of Singapore (NUS) has raised S$300 million through its first...

PUBLISHED May 28, 2020 05:50 AM

China's offshore yuan on brink of record low

CHINA'S offshore yuan slumped to approach a record low amid concern authorities will...

PUBLISHED May 28, 2020 05:50 AM

Virtual wallet for Libra digital coins renamed 'Novi'

FACEBOOK's virtual wallet for yet-to-be-minted Libra digital coins was renamed "Novi"...

PUBLISHED May 28, 2020 05:50 AM

ENERGY & COMMODITIES

Virus sparks record drop in energy investment: IEA

THE energy industry is set to suffer a record drop in investment due to the...

PUBLISHED May 28, 2020 05:50 AM

Trafigura targets big boost to renewables portfolio

COMMODITIES trader Trafigura Group is planning a major increase in renewable-energy...

PUBLISHED May 28, 2020 05:50 AM

TECHNOLOGY

ByteDance hit US$3b in net profit in 2019

TIKTOK'S parent ByteDance generated more than US$17 billion in revenue and more than...

PUBLISHED May 28, 2020 05:50 AM

Heartland merchants to be offered discounted tools to go digital

MERCHANTS in heartland precincts will soon get curated solutions and discounts to go...

PUBLISHED May 28, 2020 05:50 AM

CONSUMER

A socially distant Las Vegas? What are the odds?

FOR decades, the El Cortez Hotel & Casino in downtown Las Vegas has been known for...

PUBLISHED May 28, 2020 05:50 AM

Pharmaceutical exports a rare bright spot for Singapore economy

SINGAPORE'S exports of pharmaceutical products have surged this year as the...

PUBLISHED May 28, 2020 05:50 AM

TRANSPORT

Nissan, Renault unveil steps to reduce costs, revamp alliance

RENAULT SA and Japanese partners Nissan Motor Co and Mitsubishi Motors Corp unveiled...

PUBLISHED May 28, 2020 05:50 AM

Air France-KLM seeks to cut staff in revamp

AIR France-KLM has started talks with unions to reduce staff as part of a...

PUBLISHED May 28, 2020 05:50 AM

GOVERNMENT & ECONOMY

HK police fire pepper pellets to disperse protests over security bill

HONG KONG police fired pepper pellets to disperse protesters in the heart of the...

PUBLISHED May 28, 2020 05:50 AM

Taiwan pledges action plan for HK activists seeking sanctuary

TAIWAN'S President Tsai Ing-wen on Wednesday pledged a humanitarian "action plan" for...

PUBLISHED May 28, 2020 05:50 AM

Malaysia to discharge Covid-19 patients after 2 weeks even if they still test positive

MALAYSIA'S Health Ministry will be discharging Covid-19 patients even if they test...

PUBLISHED May 28, 2020 05:50 AM

Boris Johnson under severe pressure to sack his chief aide

PRESSURE is building on Prime Minister Boris Johnson to fire his chief aide, Dominic...

PUBLISHED May 28, 2020 05:50 AM
VIRUS OUTBREAK

Covid patients were at Bt Panjang FairPrice, market in Jurong West

TWO NTUC FairPrice supermarkets in Bukit Panjang and a market and hawker centre in...

PUBLISHED May 28, 2020 05:50 AM

Lagarde 'not overly concerned' about new euro crisis

EUROPEAN Central Bank (ECB) chief Christine Lagarde said on Wednesday that she was "...

PUBLISHED May 28, 2020 05:50 AM

India adds troops to northern border with China

INDIA has moved additional troops along its northern border as it prepares for an...

PUBLISHED May 28, 2020 05:50 AM

Malaysian launches landmark case against Islamic gay sex law

A MALAYSIAN man has launched the country's first legal challenge against Islamic laws...

PUBLISHED May 28, 2020 05:50 AM

LIFE & CULTURE

Technology's role in Covid-19 battle

LAI Wai Hang, a 19-year-old student from ITE East, is learning about AI and blockchain...

PUBLISHED May 28, 2020 05:50 AM

Long lost Philip Glass work recorded, finally

IN the early 1970s, Philip Glass was already writing masterpieces and performing them...

PUBLISHED May 28, 2020 05:50 AM

OPINION

THE BOTTOM LINE

Returning to work after Covid-19 will require a full reboot

WHILE it may be an oversimplification, Covid-19 has presented businesses with the rare...

PUBLISHED May 28, 2020 05:50 AM

HK, Huawei could 'deep freeze' UK-China ties

BORIS Johnson's government has begun a new review into the impact of allowing Huawei...

PUBLISHED May 28, 2020 05:50 AM
EDITORIAL

Singapore 5G rollout: Unforeseen hurdles need to be overcome

DESPITE the economic challenges posed by the novel coronavirus pandemic, Singapore...

PUBLISHED May 28, 2020 05:50 AM

How Covid-19 is inspiring the hospitality sector to raise the bar

THE world certainly feels odd right now. Everyone's plans are no longer existent, from...

PUBLISHED May 28, 2020 05:50 AM

The pandemic could lead to outbreaks of other maladies

AN UNUSUAL silence fills the waiting area of my fellow paediatrician's office in...

PUBLISHED May 28, 2020 05:50 AM

Post-Covid secret weapon comes out of the shadows

OVER the coming months, we are going to emerge from global lockdown into an economy...

PUBLISHED May 28, 2020 05:50 AM

BREAKING NEWS

May 28, 2020 10:58 AM

SGX queries UG Healthcare after shares surge 40.9% on the week

THE Singapore Exchange on Thursday queried UG Healthcare about "unusual price movements" in the latter's shares...

May 28, 2020 10:55 AM

Offshore yuan wallows near record low as Sino-US tensions worsen

[SHANGHAI] China's yuan inched up from a record low in offshore trade on Thursday, helped by firmer-than-expected...

May 28, 2020 10:51 AM

Eagle Hospitality Trust to use maiden distribution to pay for sponsor's liabilities

MONIES that were originally intended for Eagle Hospitality Trust's (EHT) maiden distribution to unitholders will now...

May 28, 2020 10:41 AM

China refuses UN Security Council meeting on Hong Kong

[UNITED STATES] Washington on Wednesday requested an emergency United Nations (UN) meeting over a controversial...

May 28, 2020 10:40 AM

Australia Q2 employment fall may now be 15% vs earlier 20% estimate

[SYDNEY] Australian employment in the June quarter may have fallen by only 15 per cent from a year earlier, less...

May 28, 2020 10:23 AM

Billionaire Icahn exits Hertz with 'significant' loss after bankruptcy filing

[BENGALURU] Billionaire investor Carl Icahn, who was the largest shareholder in Hertz Global Holdings Inc, unloaded...