Tuesday, Mar 24, 2020

TOP STORIES

BT EXCLUSIVE

Virus outbreak puts regional startups through their first stress test

STARTUPS that have long enjoyed the benefits of an exuberant scene in South-east Asia...

PUBLISHED Mar 24, 2020 05:50 AM
VIRUS OUTBREAK

US, Singapore roll out more measures to ease pandemic hit

AS the Federal Reserve announced on Monday a second wave of stimulus to support the US...

PUBLISHED Mar 24, 2020 05:50 AM

SIA slashes capacity by 96%; group's cost cuts to affect 10,000 staff

BATTLING its biggest crisis to date, Singapore Airlines (SIA) is making crippling...

PUBLISHED Mar 24, 2020 05:50 AM
VIRUS OUTBREAK

Crude oil hits 17-year low, further slide expected

THE triple whammy of the Saudi- Russia price war, Covid-19 and a crude supply glut has...

PUBLISHED Mar 24, 2020 05:50 AM

Downturn a reset button for lofty startup valuations

THE economic downturn caused by the Covid-19 outbreak could be a "reset button" for...

PUBLISHED Mar 24, 2020 05:50 AM

Asian stocks resume plunge as more countries turn to self-isolation

LAST Friday's relief rebound was short-lived as Asian shares slumped at the start of...

PUBLISHED Mar 24, 2020 05:50 AM

54 new Covid-19 cases in Singapore in highest single-day spike; 48 cases imported

SINGAPORE has confirmed 54 new Covid-19 cases, including 48 that are imported, the...

PUBLISHED Mar 24, 2020 05:50 AM

Core inflation negative in Feb; MAS to release policy decision on March 30

SINGAPORE'S core inflation turned negative in February for the first time in a decade...

PUBLISHED Mar 24, 2020 05:50 AM

COMPANIES & MARKETS

BT EXCLUSIVE

Covid-19 stress brings out latent muscle in SGX

SINGAPORE Exchange (SGX) is having an extraordinary run as heightened uncertainties...

PUBLISHED Mar 24, 2020 05:50 AM

PwC flags Best World's sales proceeds going into other bank accounts

BEST World International may have understated the sales and expenses relating to its...

PUBLISHED Mar 24, 2020 05:50 AM
SINGAPORE BUDGET 2020

Future-focused HR policy means valuing older workers too

FROM aiming to find jobs for workers even before they are retrenched, to assessing...

PUBLISHED Mar 24, 2020 05:50 AM
HOCK LOCK SIEW

Covid-19 outbreak tests materiality threshold for continuous disclosure

IT IS hard to imagine another event that has gripped the world's attention this year...

PUBLISHED Mar 24, 2020 05:50 AM

Corporate digest

VALUETRONICS Holdings on Monday said that over 80 per cent of its employees in China...

PUBLISHED Mar 24, 2020 05:50 AM
PUBLISHED Mar 24, 2020 05:50 AM
STOCKS

STI sees largest single-day fall since 2008

SINGAPORE'S Straits Times Index (STI) had its largest single-day fall since Oct 24,...

PUBLISHED Mar 24, 2020 05:50 AM
CURRENCIES

Dollar erases losses as stocks plunge again

THE dollar erased early losses on Monday as a global selloff in stocks intensified,...

PUBLISHED Mar 24, 2020 05:50 AM

Tiong Seng bags S$227.5m contract for Tan Quee Lan Street condo

CONSTRUCTION group and property developer Tiong Seng Holdings on Monday said it will...

PUBLISHED Mar 24, 2020 05:50 AM

REAL ESTATE

Contractors seeking legal advice over project delays

INCREASINGLY more contractors worried about penalties for project delays have been...

PUBLISHED Mar 24, 2020 05:50 AM

Emergency legislation 'would help builders deal with delays'

THE common standard form contracts in use in Singapore do not specifically identify...

PUBLISHED Mar 24, 2020 05:50 AM

Real estate billionaire Barrack says commercial mortgages on brink of collapse

REAL estate billionaire Tom Barrack said the US commercial-mortgage market is on the...

PUBLISHED Mar 24, 2020 05:50 AM

Sengkang EC OLÁ sells 30% of units on first weekend

A THIRD of all units in executive condominium (EC) OLÁ in Sengkang have been snapped...

PUBLISHED Mar 24, 2020 05:50 AM
COMMENTARY

Flexibility without compromising on productivity

REMOTE working is often talked about in mainstream front offices, but until recently,...

PUBLISHED Mar 24, 2020 05:50 AM

Emaar closes bookings at three more Dubai hotels

EMAAR Properties will not be taking bookings at three Dubai hotels for 10 weeks from...

PUBLISHED Mar 24, 2020 05:50 AM

BANKING & FINANCE

VIRUS OUTBREAK

Covid-19: Disruptions in global supply chains may be worse than for Sars

THE current novel coronavirus outbreak could cause larger disruptions to global supply...

PUBLISHED Mar 24, 2020 05:50 AM

ECB ready to do more for coronavirus emergency if needed: official

THE measures adopted by the European Central Bank in response to the coronavirus...

PUBLISHED Mar 24, 2020 05:50 AM

British companies mothball full-year results after regulators call for delay

BRITISH companies including home improvement group Kingfisher said they would delay...

PUBLISHED Mar 24, 2020 05:50 AM

Swedbank investigation unearths 36.7b euros of 'high risk' payments

AN investigation paid for by Swedbank AB into allegations of financial crime found...

PUBLISHED Mar 24, 2020 05:50 AM

ENERGY & COMMODITIES

Gold falls as cash dash, strong US dollar override stimulus

GOLD prices fell on Monday as investors stockpiled cash, with a rising number of...

PUBLISHED Mar 24, 2020 05:50 AM

TECHNOLOGY

SoftBank unveils dramatic 4.5t yen asset sale plan

SOFTBANK Group Corp unveiled a plan to raise as much as 4.5 trillion yen (S$59.5...

PUBLISHED Mar 24, 2020 05:50 AM

Home work triggers demand jump for chips, laptops, network goods

WITH more employees working from home to help slow the spread of the coronavirus,...

PUBLISHED Mar 24, 2020 05:50 AM

CONSUMER

Online Filipino tutors turn lockdowns into opportunities

FILIPINO teacher Raven Kate De Leon is in demand, spending up to 10 hours a day at her...

PUBLISHED Mar 24, 2020 05:50 AM

Beyond burgers: Asia puts twist on alternative meats

FROM lab-grown "seafood" to dumplings made with tropical fruit instead of pork, rising...

PUBLISHED Mar 24, 2020 05:50 AM

TRANSPORT

Airbus lifts liquidity to 30b euros to ride out pandemic

AIRBUS SE withheld its dividend and extended credit lines, lifting liquidity about 50...

PUBLISHED Mar 24, 2020 05:50 AM

GOVERNMENT & ECONOMY

NEWS ANALYSIS

Bear market of today different; how it ends is anyone's guess

THE bear market of 2020 is very different from its predecessors.

PUBLISHED Mar 24, 2020 05:50 AM
ASEAN BUSINESS

Citi slashes Asean GDP growth forecast to 2.9%, down from 4.3%

CITI Research economists have slashed their 2020 economic growth forecast for Asean to...

PUBLISHED Mar 24, 2020 05:50 AM

Singapore, Australia deepen ties with raft of new agreements

SINGAPORE and Australia on Monday signed 10 agreements to advance bilateral...

PUBLISHED Mar 24, 2020 05:50 AM

Canada, Australia quit Tokyo 2020 Olympics

MAJOR sporting nations Australia and Canada quit the Tokyo 2020 Olympics on Monday as...

PUBLISHED Mar 24, 2020 05:50 AM

Covid-19 pandemic to cost Asia-Pac economies US$620b: S&P

S&P Global Ratings is forecasting the Covid-19 pandemic will cost an estimated US$...

PUBLISHED Mar 24, 2020 05:50 AM

LIFE & CULTURE

Singapore artists grapple with virus fallout

THE Covid-19 fallout continues to ravage the Singapore arts industry in unprecedented...

PUBLISHED Mar 24, 2020 05:50 AM

Joy of spring: Japan fetes cherry blossoms despite coronavirus

THE crowds might be thinner and parties smaller, but warnings from officials over the...

PUBLISHED Mar 24, 2020 05:50 AM

SME

HAO Mart branches out with niche offerings, halal concepts

BARELY four years after its parent company HAO Corp delisted its electronics...

PUBLISHED Mar 24, 2020 05:50 AM

Why SMEs should embrace machine learning

RECENT technological advancements have placed artificial intelligence (AI) along with...

PUBLISHED Mar 24, 2020 05:50 AM

OPINION

Should America return to big government?

IT MAY sound now like an echo of a pre-historic era in Washington. But there was a...

PUBLISHED Mar 24, 2020 05:50 AM
EDITORIAL

US-China enmity turning Covid-19 pandemic into a new battleground

NO MAN is an island is an expression that has gained much currency in the modern era...

PUBLISHED Mar 24, 2020 05:50 AM
THE BOTTOM LINE

Covid-19 will be the technology test for businesses

EVERY chief executive thinks about, and fears, the "black swan" events that could...

PUBLISHED Mar 24, 2020 05:50 AM

How to hold a successful annual general meeting

THE annual general meeting (AGM) season is upon us again. The AGM is a golden...

PUBLISHED Mar 24, 2020 05:50 AM

G-7 can help turn the tide on Covid-19

US SECRETARY of State Mike Pompeo is convening the first virtual meeting of G-7...

PUBLISHED Mar 24, 2020 05:50 AM

Indonesia in a state of denial over Covid-19

HOW our leaders react to the Covid-19 outbreak will determine, for the most part, its...

PUBLISHED Mar 24, 2020 05:50 AM

BREAKING NEWS

Apr 2, 2020 07:41 AM

Australian police put a 90-day limit on 'draconian' virus measures

[SYDNEY] Australia's most populous state said on Thursday police enforcement of restrictions on personal movement...

Apr 2, 2020 07:36 AM

Elon Musk's SpaceX bans Zoom over privacy concern: memo

[WASHINGTON] Elon Musk's rocket company SpaceX has banned its employees from using video conferencing app Zoom,...

Apr 2, 2020 07:30 AM

British Airways expected to suspend 36,000 staff: media

[BENGALURU] IAG-owned British Airways (BA) is expected to announce suspension of about 36,000 of its employees, BBC...

Apr 2, 2020 07:27 AM

Starbucks extends coronavirus provisions for 2 weeks, explores more changes

[NEW YORK] Starbucks on Wednesday said it will extend special coronavirus provisions, including pay increases for US...

Apr 2, 2020 07:23 AM

US puts federal prisons on lockdown over virus fears

[WASHINGTON] The US confined all its federal inmates, nearly 170,000 people, to their cells and wards Wednesday for...

Apr 2, 2020 07:17 AM

Trump doubles US military assets in Caribbean, bolstering drug fight after Maduro indictment

[WASHINGTON] The Trump administration said on Wednesday it was deploying more US Navy ships to the Caribbean to...