TOP STORIES

SINGAPORE ECONOMY

Singapore cuts 2020 growth forecast amid virus outbreak

SINGAPORE'S official growth forecast for 2020 has been downgraded, with authorities...

PUBLISHED Feb 18, 2020 05:50 AM
SINGAPORE ECONOMY

Virus outbreak derails Singapore exporters' hopes of recovery

SINGAPORE'S manufacturers and exporters had seemed poised for recovery as global trade...

PUBLISHED Feb 18, 2020 05:50 AM

Construction, infocomm to drive 2020 growth amid Covid-19 virus impact

WITH the once-expected manufacturing recovery in 2020 now jeopardised by the Covid-19...

PUBLISHED Feb 18, 2020 05:50 AM

Unit business cost rising for services; easing for manufacturing

SINCE 2014, unit business costs have fallen for manufacturing but risen in services,...

PUBLISHED Feb 18, 2020 05:50 AM

SIA makes changes to top posts; seen as grooming next-gen leaders

IN A move aimed at succession planning, Singapore Airlines (SIA) announced a...

PUBLISHED Feb 18, 2020 05:50 AM
STARTUPS

Creditors fear illiquid equity in new honestbee entity

BEING stuck with potentially illiquid stock was a key concern raised at honestbee's...

PUBLISHED Feb 18, 2020 05:50 AM

Virus' impact on new home sales expected to be short-term; demand could pick up in H2

AFTER the year-end holiday season, developers posted their best January private home...

PUBLISHED Feb 18, 2020 05:50 AM
VIRUS OUTBREAK

Covid-19: Under new notice, China returnees cannot leave home for 14 days

A NEW "Stay-Home Notice" will be introduced for Singapore residents and long-term pass...

PUBLISHED Feb 18, 2020 05:50 AM
Singapore Budget 2020

6 things to look out for in today’s Budget

Finance Minister Heng Swee Keat’s Budget speech this afternoon is expected to contain...

PUBLISHED Feb 18, 2020 05:50 AM

COMPANIES & MARKETS

Genting Singapore ditches bid for Osaka casino

GAMING giant Genting Singapore has unexpectedly backed out from bidding for an...

PUBLISHED Feb 18, 2020 05:50 AM
HOCK LOCK SIEW

What made Genting Singapore forgo its Osaka IR bid at the eleventh hour?

IT's onwards and upwards for gaming giant Genting Singapore - or at least that's what...

PUBLISHED Feb 18, 2020 05:50 AM

Analysts cut earnings forecasts for ComfortDelGro

WITH headwinds expected for FY2020 due to the effect of the Covid-19 outbreak and taxi...

PUBLISHED Feb 18, 2020 05:50 AM
PUBLISHED Feb 18, 2020 05:50 AM

Corporate digest

BANYAN Tree Hotels & Resorts will introduce the hospitality group's first property...

PUBLISHED Feb 18, 2020 05:50 AM
STOCKS

STI dips ahead of Singapore Budget reading

AHEAD of Tuesday's Singapore Budget reading, investor attention in the city-state...

PUBLISHED Feb 18, 2020 05:50 AM
CURRENCIES

Euro struggles near 3-year lows on economic worries

THE euro struggled near three-year lows on Monday as investors worried about weakening...

PUBLISHED Feb 18, 2020 05:50 AM

REAL ESTATE

China Evergrande gives 25% discount off its properties

CHINA Evergrande Group, the third-largest developer by sales in the country, said on...

PUBLISHED Feb 18, 2020 05:50 AM

China's home-price growth near two-year low as virus spreads

NEW home prices in China grew at their weakest pace in nearly two years in January as...

PUBLISHED Feb 18, 2020 05:50 AM

Asking prices for UK homes jump to near record high

THE asking prices for UK homes rose to a near record this month after Prime Minister...

PUBLISHED Feb 18, 2020 05:50 AM

Pricier property markets in Australia most sensitive to rates, says RBA report

AUSTRALIAN monetary policy adjustments have the greatest impact on expensive property...

PUBLISHED Feb 18, 2020 05:50 AM
OPINION

UK mansion tax could be Conservative winner

AMID preparations for the UK's first post-Brexit budget, there have been reports that...

PUBLISHED Feb 18, 2020 05:50 AM

Prague seeks to rein in Airbnb to avoid ghost city scenario

PRAGUE, the capital of the Czech Republic, is widening its campaign to put the brakes...

PUBLISHED Feb 18, 2020 05:50 AM

Czech tycoon sees Warsaw real estate as next big thing

CZECH tycoon Radovan Vitek is making a big bet on the booming real estate market in...

PUBLISHED Feb 18, 2020 05:50 AM

TECHNOLOGY

EU to unveil plans challenging US, China tech might

CHINA might have data and the US might have money, but Europe has purpose.

PUBLISHED Feb 18, 2020 05:50 AM

CONSUMER

VIRUS OUTBREAK

Fast-food companies in China step up 'contactless' pick-up, delivery services amid coronavirus outbreak

WITH the coronavirus outbreak in China continuing to spread, McDonald's Corp,...

PUBLISHED Feb 18, 2020 05:50 AM

GOVERNMENT & ECONOMY

Japan on brink of recession as economy contracts, virus heightens risk

JAPAN'S economy shrank at the fastest pace in almost six years in the December quarter...

PUBLISHED Feb 18, 2020 05:50 AM

Thai economy grows at weakest pace in 5 years

THAILAND'S economy grew at its weakest pace in five years in 2019 as exports and...

PUBLISHED Feb 18, 2020 05:50 AM

PBOC cuts interest rate for one-year loans to support banks

CHINA'S central bank provided medium-term funding to commercial lenders and cut the...

PUBLISHED Feb 18, 2020 05:50 AM

US firms in China say Covid-19 outbreak has hit global operations: survey

NEARLY half of the US companies in China said their global operations are already...

PUBLISHED Feb 18, 2020 05:50 AM

LIFE & CULTURE

LONDON FASHION WEEK

Victoria Beckham's gentle rebellion

VICTORIA Beckham made a clarion call for a "gentle rebellion" at London Fashion Week...

PUBLISHED Feb 18, 2020 05:50 AM

Neon streetwear goes sustainable for Tommy Hilfiger's London show

NEON leisure wear with high-topped trainers and glowing yellow laces opened American...

PUBLISHED Feb 18, 2020 05:50 AM

OCBC sends food and drinks to show appreciation to healthcare workers

TWENTY thousand bottles of bird's nest drinks, 14,000 cups of bubble tea, over 45,000...

PUBLISHED Feb 18, 2020 05:50 AM

SME

Corporate experience valuable for the job: Lim Kee's next-gen leader

HAVING corporate experience helps with the job, says Ang Khim Wee, who - with two...

PUBLISHED Feb 18, 2020 05:50 AM

Local SME to mass-produce Sars-CoV-2 diagnostic test kits

LOCAL medtech firm MiRXES will take charge of mass-producing locally-developed...

PUBLISHED Feb 18, 2020 05:50 AM

Local startup Whizpace's IoT solution picked for Microsoft platform

A TECHNOLOGY solution by Singapore-based startup Whizpace has been certified by...

PUBLISHED Feb 18, 2020 05:50 AM

OPINION

Bernie is leading, but it's making his party unhappy

I HAVE not sensed this level of political hysteria gripping Washington, DC, since...

PUBLISHED Feb 18, 2020 05:50 AM
EDITORIAL

No surprises behind move to end Philippines-US military pact

PHILIPPINE President Rodrigo Duterte's decision last week to end the Visiting Forces...

PUBLISHED Feb 18, 2020 05:50 AM
THE BOTTOM LINE

Next recession may see merger of fiscal and monetary policy

MACRO policymakers are in a mood to leave well alone. The advanced economies seem...

PUBLISHED Feb 18, 2020 05:50 AM

Budget 2020 offers chance to build enduring home base

CRISIS and uncertain times test the true mettle of governments and the people....

PUBLISHED Feb 18, 2020 05:50 AM

Growth of green financing as China takes the lead

THE climate crisis is front and centre on the minds of many, not least with the...

PUBLISHED Feb 18, 2020 05:50 AM

Cybersecurity should be a priority when building Smart Cities

CIVIC leaders around the world are looking to automate the infrastructures that make...

PUBLISHED Feb 18, 2020 05:50 AM

BREAKING NEWS

Feb 18, 2020 09:11 AM

Stocks to watch: SIA, Genting, Singtel, StarHub, Bumitama Agri, Boustead Projects

THE following companies saw new developments that may affect trading of their securities on Tuesday:

Feb 18, 2020 09:10 AM

Bumitama Agri's Q4 profit up 26% on higher palm oil prices

AN improvement in palm oil prices towards the end of last year gave a boost to Bumitama Agri's fourth-quarter...

Feb 18, 2020 09:01 AM

EHT posts Q4 DPS of 1.179 US cents, 24.4% below IPO forecast

EAGLE Hospitality Trust (EHT) posted a distribution per stapled security (DPS) of 1.179 US cents for the fourth...

Feb 18, 2020 08:39 AM

BHP warns coronavirus could impact demand

[SYDNEY] BHP, the world's biggest miner, warned Tuesday that demand for resources could be hit by the novel...

Feb 18, 2020 08:18 AM

Tokyo: Stocks open lower on Tuesday

[TOKYO] Tokyo stocks opened lower on Tuesday as investors assessed the economic impact of the new virus outbreak...

Feb 18, 2020 08:16 AM

Coronavirus could be knockout blow for Hong Kong's once-thriving tourism, retail sectors

[HONG KONG] Tom Bennell's olive oil distribution business took a heavy beating during months of pro-democracy...

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