TOP STORIES

GOLD RALLY

Gold hurtling towards all-time high amid perfect storm

GOLD prices have powered to a seven-year high and are now within striking distance of...

PUBLISHED Jul 2, 2020 05:50 AM
GE2020

Parties work the ground as hustings gather speed

THE first full day of campaigning on Wednesday saw most of the 192 candidates from the...

PUBLISHED Jul 2, 2020 05:50 AM

Explore food culture with family recipes

WHAT is nasi liwet? Or pempek? Ju hu char? Mallung or wambatu moju? They're passwords...

PUBLISHED Jul 2, 2020 05:50 AM
GE2020

Jobs, social mobility at forefront of live debate

LOWERING unemployment, supporting local businesses and improving social mobility were...

PUBLISHED Jul 2, 2020 05:50 AM
UPDATED 4 hours 56 min ago
GE2020

WP won't be affected by retirement of a leader: Sylvia Lim

THE Workers' Party (WP) will never be affected by the retirement of a leader despite...

PUBLISHED Jul 2, 2020 05:50 AM
GE2020

Election digest

IMDA announces time allocations for broadcasts

PUBLISHED Jul 2, 2020 05:50 AM
GE2020

Foreign investors trust Singapore's government and its support: PM Lee

FOREIGN investors know and trust Singapore's government and its ability to command...

PUBLISHED Jul 2, 2020 05:50 AM
GE2020

Automatic recount if difference in votes is 2% or less; special voting hour for those serving stay-home notice

FOR the July 10 General Election, there will be an automatic recount if the difference...

PUBLISHED Jul 2, 2020 05:50 AM

Singtel lays out 5G strategy in annual report; Bharti Airtel plans sale of 25% stake in data centres

MAINBOARD-LISTED telco Singtel will take a different tack with 5G wireless technology...

PUBLISHED Jul 2, 2020 05:50 AM

DBS to make second cut on Multiplier account rates this year

AMID weaker interest rates and an inflow of resident deposits due to macro...

PUBLISHED Jul 2, 2020 05:50 AM

1.1% drop in URA's Q2 private home price index 'mild', say analysts

THE Urban Redevelopment Authority's benchmark overall private home price index fell...

PUBLISHED Jul 2, 2020 05:50 AM

Covid-19 to dampen global insurance market in 2020, but Asia to pick up steam more quickly: Allianz

THE impact of Covid-19 on the global insurance market is expected to be three times...

PUBLISHED Jul 2, 2020 05:50 AM

Singapore firms see more payment delays in Q2; retail and services post highest jumps

PAYMENT delays among firms in Singapore have risen for another quarter, with retail...

PUBLISHED Jul 2, 2020 05:50 AM

Two ex-UOBKH staff charged with lying to MAS over due diligence reports on a Catalist aspirant

TWO former senior employees of UOB Kay Hian Private Limited (UOBKH) were charged on...

PUBLISHED Jul 2, 2020 05:50 AM
UPDATED 9 hours 26 min ago

COMPANIES & MARKETS

HOCK LOCK SIEW

Telcos need to step up to keep up

THE Covid-19 outbreak is keeping mobile subscribers home and quashing their spending...

PUBLISHED Jul 2, 2020 05:50 AM
BT EXCLUSIVE

SIA group mothballs four more planes in Australia, taking total tally to 22

WITH international travel still largely on hold, the Singapore Airlines (SIA) group...

PUBLISHED Jul 2, 2020 05:50 AM

Koufu to acquire fried food and dough product supplier for S$22m

KOUFU Group has proposed to acquire Deli Asia, Delisnacks, Dough Culture and Dough...

PUBLISHED Jul 2, 2020 05:50 AM

ESR-Reit secures two new tenants at 8 Tuas South Lane

ESR-REIT has secured two new tenants at 8 Tuas South Lane. Collectively, the new...

PUBLISHED Jul 2, 2020 05:50 AM

Geo Energy engages legal advisers on potential dispute over proposed acquisition

COAL producer Geo Energy Resources on Tuesday said it has engaged legal advisers in...

PUBLISHED Jul 2, 2020 05:50 AM

Corporate digest

THE Singapore Exchange (SGX) on Wednesday said it is introducing a futures contract on...

PUBLISHED Jul 2, 2020 05:50 AM

Analysts bullish on FCT as it ups stake in PGIM Real Estate AsiaRetail Fund

ANALYSTS are optimistic on Frasers Centrepoint Trust (FCT), believing that the...

PUBLISHED Jul 2, 2020 05:50 AM
BROKER'S TAKE

RHB upgrades Genting Singapore to 'neutral' as RWS reopens attractions

RHB has upgraded Genting Singapore to "neutral" from "take profit", with a new target...

PUBLISHED Jul 2, 2020 05:50 AM

Blue-chip gains push Singapore market cap higher in June

SINGAPORE'S stock market value bounced back in June, led by gains among blue-chips...

PUBLISHED Jul 2, 2020 05:50 AM

Cortina reports uptick in H2 earnings on better sales margin

LISTED luxury watch retailer Cortina Holdings has delivered better earnings for the...

PUBLISHED Jul 2, 2020 05:50 AM

A-Reit to add Sydney logistics property to its portfolio

THE Manager of Ascendas Real Estate Investment Trust (A-Reit) on Wednesday announced...

PUBLISHED Jul 2, 2020 05:50 AM

Magnus corrects statements, says CEO has interest in Blue Water Malaysia

THE board of directors of Magnus Energy has corrected its earlier statements, to...

PUBLISHED Jul 2, 2020 05:50 AM
STOCKS

Singapore shares up as election campaigning gets underway

SINGAPORE shares ended Wednesday on a firmer note, but trading interest was light,...

PUBLISHED Jul 2, 2020 05:50 AM
CURRENCIES

US dollar edges up, euro slips amid wait for US data

IMPROVED European economic data boosted risk appetite on Wednesday, while the euro...

PUBLISHED Jul 2, 2020 05:50 AM

REAL ESTATE

HDB resale prices up 0.2% in Q2 amid Covid-19 outbreak: flash estimates

HOUSING and Development Board (HDB) resale prices increased marginally in the second...

PUBLISHED Jul 2, 2020 05:50 AM

As lockdown eases, UK mall landlords collect even less rent

THE amount of rent collected by some of Britain's biggest mall landlords has slipped...

PUBLISHED Jul 2, 2020 05:50 AM

Britain's annual house prices fall for first time since 2012

BRITAIN'S house prices fell in annual terms for the first time since 2012 in June, as...

PUBLISHED Jul 2, 2020 05:50 AM

Japan land prices rise in 2019 for 5th straight year

JAPANESE land prices climbed in 2019 for the fifth year in a row, a National Tax...

PUBLISHED Jul 2, 2020 05:50 AM

Australia home prices slip in June, but sharp rebound in sales a boost for economy

AUSTRALIAN home prices slipped for a second month in June as coronavirus lockdowns and...

PUBLISHED Jul 2, 2020 05:50 AM

Hotels offer rooms as offices to boost business

NEW York City hotels, struggling to navigate the pandemic economy, are doing anything...

PUBLISHED Jul 2, 2020 05:50 AM

BANKING & FINANCE

Big Four hobbled by conflict-of-interest issues

TWO decades of financial disasters from Enron Inc's collapse in 2001 to Wirecard's...

PUBLISHED Jul 2, 2020 05:50 AM

Wirecard administrator eyes piece-by-piece sell-off

THE unprecedented scandal at German payments processor Wirecard could lead to the...

PUBLISHED Jul 2, 2020 05:50 AM

HSBC continues string of senior hires with another two from Deutsche Bank

HSBC on Wednesday said it has made two Singapore-based senior appointments to...

PUBLISHED Jul 2, 2020 05:50 AM

CONSUMER

Fans over the moon as Tokyo Disney reopens

TOKYO Disney Resort welcomed visitors on Wednesday for the first time in four months...

PUBLISHED Jul 2, 2020 05:50 AM

Japan retailers start charging for plastic bags

RETAILERS in Japan began charging for plastic bags on Wednesday, a move aimed at...

PUBLISHED Jul 2, 2020 05:50 AM

TRANSPORT

TRANSPORT

Airbus plans to cut 11% of workforce to face aviation's gravest crisis

EUROPEAN aircraft maker Airbus said on Tuesday it is planning to cut around 15,000...

PUBLISHED Jul 2, 2020 05:50 AM

GOVERNMENT & ECONOMY

China's manufacturing sector beats expectations in June

CHINA'S manufacturing sector rebounded in June led by better-than-expected domestic...

PUBLISHED Jul 2, 2020 05:50 AM

First arrests in HK under just-passed national security law

HONG Kong police fired water cannon and tear gas and arrested more than 300 people on...

PUBLISHED Jul 2, 2020 05:50 AM

LIFE & CULTURE

After #OscarsSoWhite, Academy meets goal to diversify membership

IN 2015, the Oscars handed all 20 of its acting nominations to white actors. The...

PUBLISHED Jul 2, 2020 05:50 AM

Art helps kids cope with pandemic

THE Rice Company, which manages The Business Times' charity The Business Times Budding...

PUBLISHED Jul 2, 2020 05:50 AM

Big-serving Murray upbeat as he prepares for post-injury return

ANDY Murray says he is serving at full throttle again as he bids to rebuild his injury...

PUBLISHED Jul 2, 2020 05:50 AM

OPINION

EDITORIAL

Amid pandemic crisis, disclosure of material changes even more crucial

AS companies struggle to cope with the challenges posed by the ongoing pandemic, many...

PUBLISHED Jul 2, 2020 05:50 AM

Undergoing successful digital transformations

TECHNOLOGY has changed the way we live. It has disrupted day-to-day business and, for...

PUBLISHED Jul 2, 2020 05:50 AM
THE BOTTOM LINE

A Waze to show where viruses are, and where they're heading

COVID-19 infection rates are rising in much of the United States. Even if the US can...

PUBLISHED Jul 2, 2020 05:50 AM

Can the India-China border skirmishes spur Indian economic growth?

THE hand-to-hand combat between Indian and Chinese border troops, which is unlikely to...

PUBLISHED Jul 2, 2020 05:50 AM

Weathering Covid-19 storm through trust and technology

WE CAN be sure of one thing - there is uncertainty around what the world will be like...

PUBLISHED Jul 2, 2020 05:50 AM
LETTER TO THE EDITOR

It is not that easy to start a crypto currency exchange

I REFER to the article "Of asses, art and alternative assets" (BT, June 27, 2020).

PUBLISHED Jul 2, 2020 05:50 AM

GARAGE

CONSUMER

Biotech firm Carmine Therapeutics inks US$900m deal with Takeda Pharmaceutical

CARMINE Therapeutics, a biotech firm developing non-viral gene therapies for rare...

PUBLISHED Jul 2, 2020 05:50 AM

BREAKING NEWS

Jul 2, 2020 05:06 PM

Banks in Singapore band together to tighten standards for commodity financing

BANKS with operations in Singapore are banding together to raise industry standards for commodity financing in...

Jul 2, 2020 05:03 PM

Apple supplier Foxconn, others hit as India holds up imports from China: sources

[NEW DELHI] India's additional scrutiny of imports from China has disrupted operations at plants owned by Apple...

Jul 2, 2020 04:53 PM

Goldman Sachs sees oil demand returning to pre-coronavirus levels by 2022

[BENGALURU] Goldman Sachs said on Thursday a pick-up in commuting, a shift to private transportation and government...

Jul 2, 2020 04:40 PM

GE quick takes: MOM, Heng Swee Keat refute opposition claims

SINGAPORE will go to the polls on July 10 in an election that will see all 93 seats in 31 constituencies contested...

Jul 2, 2020 04:34 PM

Singapore to tackle climate change by developing carbon capture tech

[SINGAPORE] The country's campaign to squeeze value out of waste substances has taken another step forward with the...

Jul 2, 2020 04:25 PM

Hong Kong: Stocks post strong gains

[HONG KONG] Hong Kong stocks soared Thursday, in line with a global advance on hopes for a virus vaccine and despite...