Wednesday, May 20, 2020

TOP STORIES

VIRUS OUTBREAK

Delayed reopening for retail, F&B: New help package on the way

MANUFACTURING and professional-services workplaces are among those allowed to re-open...

PUBLISHED May 20, 2020 05:50 AM
VIRUS OUTBREAK

More wage and rent support needed as most retailers stay closed, F&B firms still restricted

THE retail and food and beverage (F&B) sectors will need more wage support to stay...

PUBLISHED May 20, 2020 05:50 AM
BT EXCLUSIVE: VIRUS OUTBREAK

Co-living operators upbeat as they look to demand from new segments

CO-LIVING operators in Singapore remain upbeat despite - and in some cases spurred on...

PUBLISHED May 20, 2020 05:50 AM
VIRUS OUTBREAK

Financial institutions allowed more on-site staff from June 2: MAS

THE Monetary Authority of Singapore (MAS) will allow financial institutions (FIs) here...

PUBLISHED May 20, 2020 05:50 AM
VIRUS OUTBREAK

Uber's closure of Asia-Pacific HQ in Singapore to impact 120 staff

ABOUT 120 roles in Uber's Singapore operations will be affected by the ride-hailing...

PUBLISHED May 20, 2020 05:50 AM

Workplace design majors join hands

TWO major firms specialising in workplace interior design have come together to form a...

PUBLISHED May 20, 2020 05:50 AM

COMPANIES & MARKETS

AEM, UTAC to co-develop new test systems for image sensor chips

MAINBOARD-LISTED AEM Holdings and Singapore-headquartered UTAC Holdings on Tuesday...

PUBLISHED May 20, 2020 05:50 AM

GuocoLand obtains S$730m green loan for Tan Quee Lan project

GUOCOLAND has obtained a S$730 million green club loan from OCBC Bank, DBS Bank and...

PUBLISHED May 20, 2020 05:50 AM

Ho Bee Land credits 'strategic' portfolio for cushion against Covid-19 impact

MAINBOARD-LISTED developer Ho Bee Land said on Tuesday that the firm is "not as badly...

PUBLISHED May 20, 2020 05:50 AM
HOCK LOCK SIEW

Two As for the Covid-hit company: adapt quickly and announce more

A READER of The Business Times recently wrote to say he was surprised by an article in...

PUBLISHED May 20, 2020 05:50 AM

UG Healthcare facilities operating at 'optimum production efficiency'

CATALIST-LISTED manufacturer of disposable gloves UG Healthcare Corporation said in a...

PUBLISHED May 20, 2020 05:50 AM

SPH to weather Covid-19 crisis, will benefit from investment in data collection

SINGAPORE Press Holdings (SPH) said in a business update on Tuesday that its "...

PUBLISHED May 20, 2020 05:50 AM

Universal Resource seeks legal advice on irregularities in special audit report

UNIVERSAL Resource and Services said in a regulatory filing on Tuesday that it is...

PUBLISHED May 20, 2020 05:50 AM
PUBLISHED May 20, 2020 05:50 AM
STOCKS

STI extends gains, up 42 points on Wall Street rally, vaccine hope

THE Singapore bourse continued to trade on an optimistic path as sentiments were...

PUBLISHED May 20, 2020 05:50 AM
CURRENCIES

Euro rallies on Franco-German proposal for recovery fund

THE euro rallied on Tuesday, propelled by a Franco-German proposal on Monday for a...

PUBLISHED May 20, 2020 05:50 AM

REAL ESTATE

Surbana Jurong refutes allegations of profiteering in Singapore Expo job

SURBANA Jurong on Tuesday clarified that its involvement in converting the Singapore...

PUBLISHED May 20, 2020 05:50 AM

Logos, CSC Holdings to redevelop Jurong warehouse for S$108m

AUSTRALIAN logistics property specialist Logos is partnering Singapore Mainboard-...

PUBLISHED May 20, 2020 05:50 AM

More than 15,000 Hong Kong shops may close without rent relief

FROM luxury boutiques to mom-and-pop stores, Hong Kong's retailers are hurting. Unless...

PUBLISHED May 20, 2020 05:50 AM

BANKING & FINANCE

LCH clears first Sing-dollar interest rate swaps referencing SORA

GLOBAL clearing house LCH has cleared the first Sing-dollar interest rate swaps...

PUBLISHED May 20, 2020 05:50 AM

Hong Kong looks to speed up IPOs to boost liquidity, cut risk

HONG Kong's stock exchange is looking at speeding up the process of getting initial...

PUBLISHED May 20, 2020 05:50 AM

Julius Baer enjoys rare trading boom to lift profitability

JULIUS Baer Group Ltd joined rivals in reporting a boom in client trading, lifting...

PUBLISHED May 20, 2020 05:50 AM

CONSUMER

Coronavirus reveals UK supply chain weaknesses

CORONAVIRUS-FRACTURED supply chains are providing a wake-up call to British business...

PUBLISHED May 20, 2020 05:50 AM

China mulls targeting Australian wine and dairy on Covid-19 spat

AUSTRALIAN exports of wine, seafood, oatmeal, fruit and dairy are in danger of being...

PUBLISHED May 20, 2020 05:50 AM

TRANSPORT

Empty middle seat on the plane? Depends on which country you are flying in

IN THAILAND, you cannot have food or water on board a flight and must wear a mask...

PUBLISHED May 20, 2020 05:50 AM

Thai PM vows to restructure Thai Airways

THAI Premier Prayut Chan-O-Cha said on Tuesday he will not let the cash-strapped...

PUBLISHED May 20, 2020 05:50 AM
STRAIT TALK

An unexpected consequence of disruptions from Covid-19

BUNKER prices have been volatile over the past several weeks but the overall trend has...

PUBLISHED May 20, 2020 05:50 AM

Electric car sales to fall, but not as much as other vehicles

WORLDWIDE electric car registrations are set to fall 18 per cent this year, but those...

PUBLISHED May 20, 2020 05:50 AM

GOVERNMENT & ECONOMY

VIRUS OUTBREAK

Hong Kong's unemployment rate rises to highest since 2009

HONG KONG'S jobless rate rose for a seventh straight month to the highest in more than...

PUBLISHED May 20, 2020 05:50 AM
VIRUS OUTBREAK

Powell says Fed has America's back while Congress argues aid

FEDERAL Reserve chairman Jerome Powell said the central bank is ready to use all the...

PUBLISHED May 20, 2020 05:50 AM
VIRUS OUTBREAK

UK announces plan for sweeping tariff cuts after Brexit

THE UK set out its post-Brexit tariffs plan, cutting import duties on many products...

PUBLISHED May 20, 2020 05:50 AM

LIFE & CULTURE

VIRUS OUTBREAK

Will Cirque du Soleil rise again?

UNTIL the coronavirus pandemic hit, Mongolian contortionist Uranbileg Angarag wowed...

PUBLISHED May 20, 2020 05:50 AM
TAKING HEART

Shanghai Pudong Development Bank partners % Arabica to donate fresh brews

IN A BID to appreciate and encourage healthcare workers who have been working...

PUBLISHED May 20, 2020 05:50 AM

EuroCham Singapore and partners to give free meals, mental-health checks to F&B staff

THROUGH the European Chamber of Commerce in Singapore (EuroCham Singapore),...

PUBLISHED May 20, 2020 05:50 AM

WEALTH & INVESTING

INVESTING GLOBALLY AND PROFITABLY

Market temperature indicators suggest fixed income investors should look to Asia for opportunities

AS the physical world continues its war against the coronavirus pandemic, the...

PUBLISHED May 20, 2020 05:50 AM

Sustainable strategies outperform in Q1, BlackRock research finds

BLACKROCK has found that sustainable funds and companies delivered stronger risk-...

PUBLISHED May 20, 2020 05:50 AM

Wall Street sees bull signal in bottoming earnings revisions

A HARD-TO-SEE shift in how Wall Street views the future of S&P 500 profits may...

PUBLISHED May 20, 2020 05:50 AM

OPINION

EDITORIAL

Recent failures of commodities traders bear watching

SINGAPORE'S status as a key commodities trading hub for Asia has come under the...

PUBLISHED May 20, 2020 05:50 AM
THE BOTTOM LINE

The dreary outlook for the 2020s has become drearier

MARKETS understandably tanked when the novel coronavirus hit. The Federal Reserve came...

PUBLISHED May 20, 2020 05:50 AM

How Asia-Pacific taxmen are helping businesses stay afloat

THE Covid-19 pandemic has created unprecedented pressure for businesses and also...

PUBLISHED May 20, 2020 05:50 AM

Shaping the new normal for Asia grocery retail

GROCERY retailers around the world learned from Asia's early experience in confronting...

PUBLISHED May 20, 2020 05:50 AM

Privacy: A casualty of the virus?

AFTER the coronavirus pandemic, the world will be quite different. Whether the...

PUBLISHED May 20, 2020 05:50 AM

BREAKING NEWS

May 25, 2020 06:07 PM

Taiwan considers revoking Hong Kong's special status on law fears

[TAIPEI] China's planned national security law may prompt Taiwan to revoke the special status it extends to Hong...

May 25, 2020 06:05 PM

Hong Kong: Stocks close slightly higher

[HONG KONG] Hong Kong stocks finished Monday with small gains, reversing a morning sell-off, but investors remain on...

May 25, 2020 06:03 PM

Europe: Shares rise on recovery hopes, Bayer jumps

[BENGALURU] European shares rose in thin trading on Monday, as optimism over reopening of countries and signs of...

May 25, 2020 06:01 PM

ShawKwei backs HK cosmetics packaging firm with eye on M&A

EVEN AS Covid-19 slows down deal-making, private equity firm ShawKwei and Partners has made an undisclosed...

May 25, 2020 06:00 PM

China says to take action if US undermines its interests in Hong Kong

[BEIJING] China warned on Monday that it will take countermeasures if the United States insists on undermining its...

May 25, 2020 05:58 PM

Singapore may move to second phase of reopening at end-June: Lawrence Wong

[SINGAPORE] Singapore will move to the next phase of re-opening around the end of June and resume more activities if...