Wednesday, Mar 25, 2020

TOP STORIES

BT EXCLUSIVE

Sibor dive triggers fresh battle in mortgage rate cuts

BANKS are revising their home loan offerings by increasing spreads in their floating...

PUBLISHED Mar 25, 2020 05:50 AM
VIRUS OUTBREAK

Singapore shuts entertainment spots including bars, cinemas in virus fight

SINGAPORE authorities are shutting down all bars, entertainment venues and tuition...

PUBLISHED Mar 25, 2020 05:50 AM
VIRUS OUTBREAK: NEWS ANALYSIS

Budget 2.0: Economists favour job-saving aid over direct cash handouts

IN the US, there is talk of cheques to households at S$1,200 per adult; in Hong Kong,...

PUBLISHED Mar 25, 2020 05:50 AM
VIRUS OUTBREAK

Covid-19: Call for bold measures in Singapore's second support package

THE government's second support package will need to bring out the big guns if...

PUBLISHED Mar 25, 2020 05:50 AM
VIRUS OUTBREAK

Using trading tools to beat market volatility caused by Covid-19

THE brutality of the stock market sell-off as a result of Covid-19 pandemic has been...

PUBLISHED Mar 25, 2020 05:50 AM
VIRUS OUTBREAK

MOM unveils more measures to help firms cope with Covid-19

THE Ministry of Manpower (MOM) announced on Tuesday a series of new measures to help...

PUBLISHED Mar 25, 2020 05:50 AM
VIRUS OUTBREAK

SIA cabin crew to see average pay shrink by up to 70%

STARTING April, several thousand Singapore Airlines' (SIA) employees will be taking...

PUBLISHED Mar 25, 2020 05:50 AM
VIRUS OUTBREAK

MAS to flatten S$NEER slope, could re-centre: economists

WHILE economists agree that the Monetary Authority of Singapore (MAS) will almost...

PUBLISHED Mar 25, 2020 05:50 AM
VIRUS OUTBREAK

Asian markets up on Fed's massive bond-buying programme

The US Federal Reserve's unprecedented bond-buying programme has thrown a lifeline to...

PUBLISHED Mar 25, 2020 05:50 AM

COMPANIES & MARKETS

SGX will not ban bearish bets, priority is to keep markets accessible

SINGAPORE Exchange (SGX) will not restrict bearish bets even as several European...

PUBLISHED Mar 25, 2020 05:50 AM
VIRUS OUTBREAK

Fallout for listed firms includes pay cuts, closures

MORE Singapore-listed companies are feeling the impact of the coronavirus pandemic....

PUBLISHED Mar 25, 2020 05:50 AM
VIRUS OUTBREAK

Manulife US Reit blames price fall on fund sell-off, private bank margin calls

THE manager for Manulife US Real Estate Investment Trust blames the Reit's "horrific"...

PUBLISHED Mar 25, 2020 05:50 AM
VIRUS OUTBREAK

DBS to suspend registrations for in-person attendance at next week's AGM

DBS will suspend registrations for in-person attendance at its annual general meeting...

PUBLISHED Mar 25, 2020 05:50 AM
HOCK LOCK SIEW

Share buybacks not for all companies

CORPORATES listed in Singapore are busy repurchasing their shares, trying to scoop...

PUBLISHED Mar 25, 2020 05:50 AM

Eagle Hospitality gets notice of default on US$341m loan; delays payout

THE crisis at Eagle Hospitality Trust (EHT) has escalated sharply, with its issue...

PUBLISHED Mar 25, 2020 05:50 AM

Tan Chong's full-year profit falls 65% on lower vehicle sales

CAR company Tan Chong International posted a net profit plunge of 65 per cent for the...

PUBLISHED Mar 25, 2020 05:50 AM

Corporate digest

AGRI-FOOD giant Olam International has sold its remaining 50 per cent stake in its...

PUBLISHED Mar 25, 2020 05:50 AM
STOCKS

Another 'turnaround Tuesday' for STI

SINGAPORE'S Straits Times Index (STI) rebounded after its worst performance since 2008...

PUBLISHED Mar 25, 2020 05:50 AM
CURRENCIES

US dollar continues slide as Fed stimulus calms markets

THE US dollar fell broadly on Tuesday, sliding for a second consecutive day after the...

PUBLISHED Mar 25, 2020 05:50 AM

REAL ESTATE

iFly Singapore's tenants get 6-month rental reduction

iFly Singapore announced on Tuesday a 20 per cent rental reduction for six consecutive...

PUBLISHED Mar 25, 2020 05:50 AM

New-wave home flippers halt purchases with market in turmoil

COMPANIES that specialise in a new spin on flipping homes are struggling as the...

PUBLISHED Mar 25, 2020 05:50 AM

People still putting their US mansions on the market

BILL Grabowski, the owner of Healthstar Inc, a pharmaceutical machinery business, has...

PUBLISHED Mar 25, 2020 05:50 AM

BANKING & FINANCE

VIRUS OUTBREAK

Singapore general insurance posts S$28m hit in 2019

SINGAPORE'S general insurance market posted an underwriting loss of S$28 million last...

PUBLISHED Mar 25, 2020 05:50 AM
VIRUS OUTBREAK

S Korea doubles coronavirus rescue package to 100t won

SOUTH Korea on Tuesday doubled a planned economic rescue package to 100 trillion won (...

PUBLISHED Mar 25, 2020 05:50 AM

ENERGY & COMMODITIES

Gold investors betting it's 2008 all over again

GOLD'S haven reputation took a serious beating, with prices tumbling as investors...

PUBLISHED Mar 25, 2020 05:50 AM

South Africa orders mines to close in 21-day virus lockdown

SOUTH Africa will close its mines for 21 days as part of a nationwide lockdown...

PUBLISHED Mar 25, 2020 05:50 AM

TECHNOLOGY

SoftBank plans to sell US$14b in Alibaba shares

SOFTBANK Group Corp plans to sell about US$14 billion of shares in Chinese e-commerce...

PUBLISHED Mar 25, 2020 05:50 AM

Coronavirus forces New York City schools into daunting experiment

APARTMENT floors, kitchen counters and unmade beds became makeshift classroom desks on...

PUBLISHED Mar 25, 2020 05:50 AM

TRANSPORT

STRAIT TALK

Remembering the seafarers during Covid-19

COMPARED to what is going on in much of the world right now, Singapore has managed to...

PUBLISHED Mar 25, 2020 05:50 AM

Airlines, airports seek storage space as pandemic idles planes

AS airlines idle thousands of aircraft for which there are no passengers, they are...

PUBLISHED Mar 25, 2020 05:50 AM

India to halt domestic passenger flights in ramp-up of virus fight

INDIA will ground all domestic passenger flights from Wednesday to combat the spread...

PUBLISHED Mar 25, 2020 05:50 AM

GOVERNMENT & ECONOMY

VIRUS OUTBREAK

IOC, Japan agree to push back Tokyo Olympic Games to 2021

JAPAN and the Olympics movement decided on Tuesday to delay this year's Tokyo Games...

PUBLISHED Mar 25, 2020 05:50 AM
VIRUS OUTBREAK

US could become global epicentre of Covid-19 pandemic: WHO

THE United States could become the global epicentre of the coronavirus outbreak, the...

PUBLISHED Mar 25, 2020 05:50 AM
VIRUS OUTBREAK

Thailand imposes state of emergency to tackle virus

THAILAND'S Prime Minister Prayuth Chan-Ocha said a state of emergency will be declared...

PUBLISHED Mar 25, 2020 05:50 AM
VIRUS OUTBREAK

Covid-19 pandemic savages global economy; US PMI at record low

EVIDENCE that the coronavirus pandemic is hammering the global economy mounted on...

PUBLISHED Mar 25, 2020 05:50 AM

LIFE & CULTURE

VIRUS OUTBREAK

New York Philharmonic cancels rest of season

THE New York Philharmonic cancelled the remainder of its season on Monday, bowing to...

PUBLISHED Mar 25, 2020 05:50 AM
VIRUS OUTBREAK

Delhi's rebel gym goers risk virus to pump iron

WHILE top gym chains in India are shuttered over the coronavirus pandemic, many...

PUBLISHED Mar 25, 2020 05:50 AM

US screenwriter donates medical supplies from Netflix series to healthcare workers

AN AWARD-WINNING US screenwriter has swapped fiction for fact, donating medical...

PUBLISHED Mar 25, 2020 05:50 AM

WEALTH & INVESTING

Why we like Chinese equities in the face of the global Covid-19 challenge

GLOBAL capital markets are going through unprecedented times with selling pressure...

PUBLISHED Mar 25, 2020 05:50 AM
PUBLISHED Mar 25, 2020 05:50 AM

Big tech could emerge from coronavirus crisis stronger than ever

WHILE the rest of the economy is tanking from the crippling effects of the coronavirus...

PUBLISHED Mar 25, 2020 05:50 AM

OPINION

Nudging students to rebut privacy violations

ASK university students here what keeps them awake at night, and chances are many of...

PUBLISHED Mar 25, 2020 05:50 AM
EDITORIAL

Governments pull out stops to mitigate fallout from Covid-19

THE past week saw policymakers across the pandemic-stricken world unleashing a slew of...

PUBLISHED Mar 25, 2020 05:50 AM
THE BOTTOM LINE

WHO needs to take on bigger role in global fight against Covid-19

AMID current, fragmented efforts to fight Covid-19, the need for greater global...

PUBLISHED Mar 25, 2020 05:50 AM

Blackstone's acquisition of Soho China is a win-win deal

ONE of the hottest news in the capital markets recently has to be the proposed...

PUBLISHED Mar 25, 2020 05:50 AM

Will Boris Johnson win high-stakes coronavirus gamble?

BORIS Johnson gave a televised speech on Tuesday in which he placed a series of much...

PUBLISHED Mar 25, 2020 05:50 AM

Trump's labels amid virus battle fan anti-Asian racism

AFTER trying to play down the potential threat that the novel coronavirus was posing...

PUBLISHED Mar 25, 2020 05:50 AM

BREAKING NEWS

Apr 2, 2020 08:18 AM

Boeing Max return at risk in major work-from-home challenge

[SEATTLE] Of all the twists that have complicated the ungrounding of Boeing's 737 Max, this one might be the...

Apr 2, 2020 07:58 AM

China and Australia target Pacific with coronavirus aid

[SYDNEY] Beijing has ramped up its diplomatic push into the Pacific, pledging coronavirus aid and medical advice,...

Apr 2, 2020 07:46 AM

Trump considers cancelling domestic flights to coronavirus hot spots

[WASHINGTON] President Donald Trump said on Wednesday he was considering a plan to halt flights to US coronavirus...

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...