Thursday, Mar 26, 2020

TOP STORIES

VIRUS OUTBREAK

Covid-19 fight at 'critical phase'; suspension of all schools may be next

SINGAPORE has reached a critical phase in its fight against the novel coronavirus,...

PUBLISHED Mar 26, 2020 05:50 AM
COMMENTARY

Covid-19 aid: Banks should put moratoriums on table

THE ongoing Covid-19 pandemic has left many who face job cuts and layoffs wondering...

PUBLISHED Mar 26, 2020 05:50 AM

Will Supplementary Budget 2020 top the S$20.5 billion Resilience Package in Budget 2009?

Economists have tipped that the Supplementary Budget to be presented today (March 26)...

PUBLISHED Mar 26, 2020 05:50 AM
BT EXCLUSIVE

Digital robo-adviser Smartly throws in towel

SINGAPORE'S nascent robo-adviser space has reported a casualty - digital advisory firm...

PUBLISHED Mar 26, 2020 05:50 AM
VIRUS OUTBREAK

Singapore's strategy can help preserve healthcare capacity: Gan

SINGAPORE'S strategy to flatten the curve when it comes to controlling the spread of...

PUBLISHED Mar 26, 2020 05:50 AM

Election cannot be delayed unless state of emergency is called: Teo

IT would be unconstitutional to delay holding the General Election beyond the April...

PUBLISHED Mar 26, 2020 05:50 AM

Singapore, partners pledge to keep essential trade moving

SINGAPORE and half a dozen other regional economies have pledged to keep air, sea and...

PUBLISHED Mar 26, 2020 05:50 AM
STARTUPS

Brian Koo may withdraw lifeline for honestbee

HONESTBEE may lose the support of its white knight, LG scion Brian Koo, the distressed...

PUBLISHED Mar 26, 2020 05:50 AM
VIRUS OUTBREAK

What's a bar? New containment measures spark confusion among operators

SOME food and beverage (F&B) establishments - including restaurants that also...

PUBLISHED Mar 26, 2020 05:50 AM

White House, senators strike deal on stimulus package of over US$2 trillion

THE Trump administration struck a deal with Senate Democrats and Republicans on a...

PUBLISHED Mar 26, 2020 05:50 AM
VIRUS OUTBREAK

Farewell parties: Club operators told to ensure safe distancing measures

SINGAPORE authorities are aware of plans by several operators of nightlife venues to...

PUBLISHED Mar 26, 2020 05:50 AM

Meet the architect behind the Founders' Memorial

IT ALL started with a modest public bathhouse in a small Japanese town. Now, Kengo...

PUBLISHED Mar 26, 2020 05:50 AM

COMPANIES & MARKETS

Companies scramble to rework AGM plans on 10-person limit

COMPANIES have been caught flat-footed by the government's latest limit on gathering...

PUBLISHED Mar 26, 2020 05:50 AM

UBS reviewing 'buy' call on EHT default event; stock suspended

UBS has placed its "buy" rating on Eagle Hospitality Trust (EHT) under review, after...

PUBLISHED Mar 26, 2020 05:50 AM

Cromwell E-Reit completes purchase of German properties, sells 12 other assets

CROMWELL European Real Estate Investment Trust (Cromwell E-Reit) has completed two...

PUBLISHED Mar 26, 2020 05:50 AM

Telework is not business as usual for telcos

REMOTE employment has become de rigueur to contain the spread of the deadly Covid-19,...

PUBLISHED Mar 26, 2020 05:50 AM
HOCK LOCK SIEW

Competition, tough times beginning to separate MVNO winners from losers

FOUR years into an experiment by mainstream mobile virtual network operators (MVNOs)...

PUBLISHED Mar 26, 2020 05:50 AM

Bonvests revokes proposed dividends, implements pay cut to sustain operations

BONVESTS Holdings announced on Wednesday that it will revoke its proposed dividend of...

PUBLISHED Mar 26, 2020 05:50 AM

Corporate digest

THE mainboard-listed enterprise hardware supplier said on Tuesday that its US...

PUBLISHED Mar 26, 2020 05:50 AM
STOCKS

Stocks jump as US settles on US$2t in aid

SINGAPORE'S Straits Times Index (STI) registered successive sessions of gains for the...

PUBLISHED Mar 26, 2020 05:50 AM
CURRENCIES

US$ slips on stimulus plan, riskier currencies' gain

THE US dollar slipped on Wednesday after US politicians agreed on a US$2 trillion...

PUBLISHED Mar 26, 2020 05:50 AM

REAL ESTATE

Olympics delay leaves Athletes' Village in limbo

HUNDREDS of luxury apartments overlooking Tokyo Bay that were due to be converted from...

PUBLISHED Mar 26, 2020 05:50 AM

US new home sales fall in Feb - could decline further on Covid-19

SALES of new US single-family homes fell in February after surging in the prior month...

PUBLISHED Mar 26, 2020 05:50 AM
COMMENTARY

Time to review Project Completion Period deadlines

COVID-19, with its far-reaching and unpredictable spread, is morphing into a "black...

PUBLISHED Mar 26, 2020 05:50 AM

BANKING & FINANCE

VIRUS OUTBREAK

BOS urges leveraged clients to sell in rallies

THE head of OCBC's private banking arm said the novel coronavirus-fuelled crisis has...

PUBLISHED Mar 26, 2020 05:50 AM

Bill Ackman's Pershing Square takes off Covid-19 hedges

VETERAN investor Bill Ackman said he has taken off credit market hedges and reinvested...

PUBLISHED Mar 26, 2020 05:50 AM

Softbank's Son still betting on himself

SOFTBANK Group Corp's Masayoshi Son is continuing to bet on himself, even after he...

PUBLISHED Mar 26, 2020 05:50 AM

CONSUMER

Delayed Olympics risks turning into colossal advertising bust

THE 2020 Tokyo Olympics are now officially delayed by as much as a year, leaving...

PUBLISHED Mar 26, 2020 05:50 AM

Insurers get reprieve as Olympics gets delayed, not canned

DELAYING the Tokyo Olympics is likely to cost insurers much less than cancelling the...

PUBLISHED Mar 26, 2020 05:50 AM

TRANSPORT

Chinese students pay thousands of yuan for seats on private jet to flee virus-hit US

AS THE coronavirus spreads across the United States, Chinese students from wealthy...

PUBLISHED Mar 26, 2020 05:50 AM

Thousands stuck on cruise ships off Australia over virus fears

THOUSANDS of passengers on three cruise ships were stranded off Australia's west coast...

PUBLISHED Mar 26, 2020 05:50 AM

GOVERNMENT & ECONOMY

VIRUS OUTBREAK

NTUC to support freelancers with S$4m training allowance fund

THE National Trades Union Congress (NTUC) has set aside S$4 million to help...

PUBLISHED Mar 26, 2020 05:50 AM

M'sia extends movement curbs, prepares economic stimulus

MALAYSIA will extend a two-week restriction of movement order and unveil a second...

PUBLISHED Mar 26, 2020 05:50 AM

IMF sees a recession at least as bad as global financial crisis

THE International Monetary Fund said it expects a global recession this year that will...

PUBLISHED Mar 26, 2020 05:50 AM

Thai central bank cuts GDP forecast, holds rates

THAILAND'S central bank said on Wednesday it now expects South-east Asia's second-...

PUBLISHED Mar 26, 2020 05:50 AM

Hubei eases coronavirus curbs; new imported cases decline

LIFE started to return to normal on Wednesday after two months of lockdown in Hubei...

PUBLISHED Mar 26, 2020 05:50 AM

LIFE & CULTURE

Icelanders skip hot springs for ice baths

USING slow, deliberate movements and deep breathing, bathers immerse themselves in the...

PUBLISHED Mar 26, 2020 05:50 AM

Playwright Terrence McNally dies from Covid-19 complications

TERRENCE McNally, the four-time Tony Award-winning playwright whose outpouring of work...

PUBLISHED Mar 26, 2020 05:50 AM

Tourism goes virtual in coronavirus-confined California

"HERE is the ocean, everybody!" announced Adam Duford, as his guided tour of Santa...

PUBLISHED Mar 26, 2020 05:50 AM

OPINION

Economic stimulus is the wrong solution for now

AFTER several days of intense negotiation, the Senate and the White House have struck...

PUBLISHED Mar 26, 2020 05:50 AM
EDITORIAL

Looking to the supplementary budget for a lifeline in the storm

AS SINGAPORE unveils a supplementary budget today, amid the still-unfolding global...

PUBLISHED Mar 26, 2020 05:50 AM
THE BOTTOM LINE

Only multilateralism can help world overcome global crisis

THE global economy was ripe for a recession even before the coronavirus pandemic...

PUBLISHED Mar 26, 2020 05:50 AM

Sustainability lessons from the Covid-19 outbreak

AS THE world struggles with the current coronavirus pandemic, those who have...

PUBLISHED Mar 26, 2020 05:50 AM

How to monitor a US$2 trillion rescue package

THE US government is on the verge of issuing the largest rescue package in the country...

PUBLISHED Mar 26, 2020 05:50 AM

The G-20 will have its pandemic moment

THIS week, G-20 leaders will convene virtually to discuss the Covid-19 crisis. One...

PUBLISHED Mar 26, 2020 05:50 AM

BREAKING NEWS

Apr 2, 2020 08:38 AM

US officials agree on new ways to control high tech exports to China: sources

[NEW YORK] The Trump administration is tightening rules to prevent China from obtaining advanced US technology for...

Apr 2, 2020 08:27 AM

France reports record 509 more coronavirus deaths, toll tops 4,000

[PARIS] France on Wednesday reported its highest daily number of deaths from Covid-19 since the coronavirus epidemic...

Apr 2, 2020 08:23 AM

Tokyo stocks open lower after Wall St rout

[TOKYO] Tokyo stocks opened lower Thursday following a rout on Wall Street, with investor sentiment weighed down by...

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...