Tuesday, May 19, 2020

TOP STORIES

VIRUS OUTBREAK

Singapore refineries starting to cut output amid pandemic pains

REFINERIES in Singapore have started to cut output and bring forward maintenance...

PUBLISHED May 19, 2020 05:50 AM

Jump in pharma exports lifts Singapore NODX in April

ECONOMISTS appear mixed on how Singapore's exports will continue to perform in the...

PUBLISHED May 19, 2020 05:50 AM

OCBC set to rejig branch network strategy as pandemic drives digital banking

IN an early sign of how the Covid-19 pandemic could change the banking scene as we...

PUBLISHED May 19, 2020 05:50 AM
BT EXCLUSIVE

Tech talent in demand more than ever during pandemic

WHILE the pandemic has cast a pall on the employment market, the demand for tech...

PUBLISHED May 19, 2020 05:50 AM
BT EXCLUSIVE

StanChart pushes fresh tech strategy to target Indonesia's mass market

EVEN as Covid-19 inflicts pain on economies around the world, Standard Chartered...

PUBLISHED May 19, 2020 05:50 AM

Japan suffers first recession since 2015; expects worse to come

JAPAN dived into its first recession since 2015, according to official data released...

PUBLISHED May 19, 2020 05:50 AM

Coronavirus: 2 new Singaporean cases, 4 new clusters

A 58-YEAR-OLD woman who went to work at Bishan MRT station was among two new...

PUBLISHED May 19, 2020 05:50 AM

COMPANIES & MARKETS

eToro offers Asia-Pac clients free trading in US stocks

RESPONDING to a surge in investors' trading interest in US equities, investment...

PUBLISHED May 19, 2020 05:50 AM

Ant Financial to invest US$73.5m in Yoma Strategic's mobile payments joint venture in Myanmar

ALIBABA Group's affiliate Ant Financial is tying up with mainboard-listed Yoma...

PUBLISHED May 19, 2020 05:50 AM
DEBT DEALS

ARA-backed crowdfunding platform sees debut property investment tranche snapped up in 11 minutes

THE first public tranche of the debut property investment product launched by...

PUBLISHED May 19, 2020 05:50 AM
DEBT DEALS

Clifford Capital, SMBC provide US$140m in loans for Summit Power's power plant project

CLIFFORD Capital and Sumitomo Mitsui Banking Corporation (SMBC) have provided US$140...

PUBLISHED May 19, 2020 05:50 AM
DEBT DEALS

Firms in Indonesia opt for debt over equity fundraising

THE true action in Indonesia these days lies in the debt capital markets, as a double-...

PUBLISHED May 19, 2020 05:50 AM

Sea Ltd's Q1 loss narrows to US$280.8m as revenue doubles

SINGAPORE-based Sea Ltd on Monday posted a net loss of US$280.8 million for the first...

PUBLISHED May 19, 2020 05:50 AM
HOCK LOCK SIEW

Amid lingering uncertainty, Genting Singapore is a long-term bet

IF "ugly" had a face for casino and leisure giant Genting Singapore, it could well be...

PUBLISHED May 19, 2020 05:50 AM

SGX RegCo reviewing Universal Resource auditors' findings on irregularities

THE Singapore Exchange Regulation (SGX RegCo) is reviewing findings by Moore Stephens...

PUBLISHED May 19, 2020 05:50 AM

UOL managers and above taking pay cut of up to 18% to manage costs

PROPERTY developer UOL on Monday announced a salary reduction of up to 18 per cent for...

PUBLISHED May 19, 2020 05:50 AM

ComfortDelGro rated a buy on 'increasingly defensive' earnings: Maybank KE

MAYBANK Kim Eng (Maybank KE) has reinitiated coverage on ComfortDelGro Corp with a "...

PUBLISHED May 19, 2020 05:50 AM

Sembcorp expects lower performance for energy segment

SEMBCORP Industries expects the performance of its energy business to be "markedly...

PUBLISHED May 19, 2020 05:50 AM
PUBLISHED May 19, 2020 05:50 AM
STOCKS

STI rises 0.6% on positive data, easing of lockdown measures

SINGAPORE shares began the week on a positive note, buoyed by encouraging domestic...

PUBLISHED May 19, 2020 05:50 AM
CURRENCIES

Dollar struggles as rising oil prices lift commodity currencies

A JUMP in oil prices lifted commodity currencies such as the Norwegian kroner and the...

PUBLISHED May 19, 2020 05:50 AM

REAL ESTATE

Nassim bungalow put on market with asking price of over S$41m

LMG Realty, now part of BRC Asia, has put on the market a soon-to-be completed...

PUBLISHED May 19, 2020 05:50 AM

Australia construction to drop more than 10% a year to June 2022

AUSTRALIA'S commercial construction activity will collapse as the impact of Covid-19...

PUBLISHED May 19, 2020 05:50 AM

London office construction hit a record just as virus arrived: Deloitte survey

LONDON'S office construction rebounded to a record high earlier this year. And then...

PUBLISHED May 19, 2020 05:50 AM

China home prices up again in April, adding momentum to recovery

CHINA'S new home prices rose at a slightly faster pace in April, adding to signs of...

PUBLISHED May 19, 2020 05:50 AM

Hotels vs Airbnb: Has Covid-19 disrupted the disrupter?

AIRBNB, born in 2008, famously disrupted the hotel industry. It stole market share,...

PUBLISHED May 19, 2020 05:50 AM

UK's Intu says it's on course to default in June

STRUGGLING mall operator Intu Properties Plc warned on Monday it would likely breach...

PUBLISHED May 19, 2020 05:50 AM

BANKING & FINANCE

VIRUS OUTBREAK

SoftBank Group reports record losses on virus, WeWork woes

STRUGGLING Japanese conglomerate SoftBank Group on Monday reported record losses, as...

PUBLISHED May 19, 2020 05:50 AM
COMMENTARY

Let Libor survive the virus to die another day

LIBOR, once dubbed the world's most important number, is scheduled to perish from the...

PUBLISHED May 19, 2020 05:50 AM

CONSUMER

India's 'jack of all fruits' goes global as meat alternative darling

GREEN, spiky and with a strong, sweet smell, the bulky jackfruit has morphed from a...

PUBLISHED May 19, 2020 05:50 AM

TRANSPORT

Thai government to table Thai Airways rescue plan at bankruptcy court

THAILAND'S government said on Monday that it plans to submit a rehabilitation plan for...

PUBLISHED May 19, 2020 05:50 AM

Subaru braces itself for Covid-19 impact after full-year profit rises

SUBARU on Monday posted a 15.7 per cent rise in annual operating profit in the year...

PUBLISHED May 19, 2020 05:50 AM

GOVERNMENT & ECONOMY

VIRUS OUTBREAK

China defends handling of pandemic, backs review of global response under WHO

CHINA'S president called on Monday for an independent review of the global response to...

PUBLISHED May 19, 2020 05:50 AM
VIRUS OUTBREAK

Big debate in China over whether to QE or not to QE

CHINA'S plans to step up stimulus support for the virus-ravaged economy have promoted...

PUBLISHED May 19, 2020 05:50 AM

Malaysia's king upholds PM Muhyiddin's appointment as opposition mounts challenge

MALAYSIA'S king on Monday said the appointment of Muhyiddin Yassin as prime minister...

PUBLISHED May 19, 2020 05:50 AM
VIRUS OUTBREAK

Cafes, churches reopen in Italy, Greece; Spain targets mid-summer revival

ITALIAN shops, restaurants and churches reopened their doors to the spring sun on...

PUBLISHED May 19, 2020 05:50 AM

LIFE & CULTURE

Banding together for a good cause

A family has resorted to begging for just-expired food and drinks from the convenience...

PUBLISHED May 19, 2020 05:50 AM

Steinway's youth piano contest goes virtual

STEINWAY'S popular youth piano competition has gone online, not just in an effort to...

PUBLISHED May 19, 2020 05:50 AM

SME

Digitalisation drives growth, agility for logistics firms

COMPANIES in the logistics business manage some of the most hands-on jobs in Singapore...

PUBLISHED May 19, 2020 05:50 AM

Singapore retail, F&B firms team up to spur China business

SOME Singaporean retail and F&B companies in China are banding together to spur...

PUBLISHED May 19, 2020 05:50 AM

One in 2 SMEs see falling sales for next 12 months: poll

SINGAPORE businesses appear to be bracing themselves for a slow recovery post-Covid-19...

PUBLISHED May 19, 2020 05:50 AM

Mapletree gives helping hand to those on no-pay leave

MAPLETREE has raised more than S$85,000 under its Mapletree Community Sharing Fund (...

PUBLISHED May 19, 2020 05:50 AM

OPINION

Agility, resilience needed for a post-Covid world

THE Covid-19 pandemic has left us with an unpredictable and fluid economy. We are...

PUBLISHED May 19, 2020 05:50 AM
THE BOTTOM LINE

Exiting the pandemic will require more, not less, integration

Global markets must stay open and accessible to facilitate a solution, and to enable...

PUBLISHED May 19, 2020 05:50 AM
EDITORIAL

Fragile UK unity must be maintained at time of crisis

IN COUNTRIES across the world, not least in Europe, the novel coronavirus crisis has...

PUBLISHED May 19, 2020 05:50 AM

A game changer for Indonesia's education sector

FOR the past decade or so, the foray of the digital economy has hogged headlines...

PUBLISHED May 19, 2020 05:50 AM

Trump needs to harness soft power resources more

US PRESIDENT Donald Trump threatened last week to "cut off the whole relationship"...

PUBLISHED May 19, 2020 05:50 AM
LETTER TO THE EDITOR

No spike in April 2020 numbers for business cessations

WE refer to the article "Over 8,500 business entities close shop in April; highest in...

PUBLISHED May 19, 2020 05:50 AM

BREAKING NEWS

May 25, 2020 07:06 PM

Vietnam plans 15.84t dong tax cut for small businesses

[HANOI] Vietnam is planning a 15.84 trillion dong (S$968.9 million) cut in corporate income tax for small-sized...

May 25, 2020 07:04 PM

Singapore's APL England loses cargo in heavy Australian seas

[SYDNEY] A Singapore-flagged cargo ship lost at least 40 containers in deep waters off the coast of Sydney when they...

May 25, 2020 07:01 PM

Volkswagen loses landmark German case as diesel owners stand to receive damages

[KARLSRUHE] A German federal court judge ruled that Volkswagen has to pay compensation to motorists who purchased...

May 25, 2020 06:58 PM

S Korean cafe hires robot barista to help with social distancing

[DAEJEON] The new robot barista at the cafe in Daejeon, South Korea, is courteous and swift as it seamlessly makes...

May 25, 2020 06:56 PM

Eurozone bond yields steady; focus remains on recovery fund

[LONDON] Eurozone bond yields were steady on Monday, as the market overlooked a paper from Austria, Sweden, Denmark...

May 25, 2020 06:53 PM

Renault must join French-German battery project: minister

[PARIS] Renault will have to join a French-German project developing batteries in order to receive a five billion...