Thursday, May 21, 2020

TOP STORIES

VIRUS OUTBREAK

Firms restarting face supply snags, higher costs, weak demand

BUSINESS costs will rise as Covid-19 disrupts supply chains and necessitates...

PUBLISHED May 21, 2020 05:50 AM
COMMENTARY

No easy balance in exiting Circuit Breaker

ABOUT two weeks from today, Singapore would have just exited the eight-week Circuit...

PUBLISHED May 21, 2020 05:50 AM

CB rollback begins soon, but Singapore economy faces long road to recovery

SINGAPORE is still on track for its worst recession on record, private economists said...

PUBLISHED May 21, 2020 05:50 AM

'Confinement' food takes on a new meaning

IF you've succumbed to an unexpected side effect of Circuit Breaker measures - namely...

PUBLISHED May 21, 2020 05:50 AM
VIRUS OUTBREAK

Extended dining-in ban a nail in coffin for many F&B outlets

SINGAPORE'S embattled food and beverage (F&B) sector may see more closures and...

PUBLISHED May 21, 2020 05:50 AM

Panel urges help for 'vulnerable' workers as job losses loom

LOW-WAGE workers and freelancers in the gig economy have been identified as vulnerable...

PUBLISHED May 21, 2020 05:50 AM

Prudential, AFIN tie up to offer free insurance to staff of fintech firms

THE full-time Singaporean employees of close to 150 fintech firms in Singapore can now...

PUBLISHED May 21, 2020 05:50 AM

Nurse at Ren Ci hospital among 570 new virus cases

FOREIGN workers living in dormitories made up 562 of the 570 new coronavirus cases on...

PUBLISHED May 21, 2020 05:50 AM

Layoffs should be last resort, employers should pay retrenchment benefit: MOM

RETRENCHMENT should be a last resort for companies to manage manpower costs, and those...

PUBLISHED May 21, 2020 05:50 AM

Pandemic crushes Australia's dividends with banks leading fall

AUSTRALIA has made the deepest dividend cuts globally this year, with more than A$9...

PUBLISHED May 21, 2020 05:50 AM

COMPANIES & MARKETS

VIRUS OUTBREAK

Singapore market set for 2021 recovery; safety measures a new normal for firms that can reopen

EVEN as the gradual easing of circuit breaker measures see delayed reopening for some...

PUBLISHED May 21, 2020 05:50 AM
HOCK LOCK SIEW

Quarterly reporting has ended; but top SGX-listed firms provide voluntary 'updates'

COMPANIES that place their profit and loss statement ahead of their balance sheet in...

PUBLISHED May 21, 2020 05:50 AM

Maybank Kim Eng stays positive on S-Reits in 'conservation mode'

MAYBANK Kim Eng (Maybank KE) has maintained its positive outlook on Singapore real...

PUBLISHED May 21, 2020 05:50 AM

Manager of Eagle Hospitality Trust may get new partner: sponsor

URBAN Commons, the sponsor of troubled Eagle Hospitality Trust (EHT), is planning to...

PUBLISHED May 21, 2020 05:50 AM

ComfortDelGro trials plastic shield in 400 taxis to protect cabbies

TO minimise contact between cabbies and their passengers and reduce the spread of...

PUBLISHED May 21, 2020 05:50 AM

Oxley unit finds buyer for Chevron House retail, banking units at S$315m

A POTENTIAL buyer has entered into an expression of interest (EOI) with Oxley Beryl,...

PUBLISHED May 21, 2020 05:50 AM

Vicom posts steady Q1 results in pre-circuit break period

VICOM on Wednesday posted a flat net profit at S$7.3 million for its first quarter...

PUBLISHED May 21, 2020 05:50 AM

Corporate digest

HONGKONG Land Holdings' subsidiary The Hongkong Land Company has priced US$600 million...

PUBLISHED May 21, 2020 05:50 AM
STOCKS

Singapore shares fall as vaccine hopes fizzle

SINGAPORE shares closed lower on Wednesday, snapping a three-day straight win as the...

PUBLISHED May 21, 2020 05:50 AM
CURRENCIES

Euro gains on EU common fund proposal

THE euro extended gains on Wednesday, climbing towards a two-week high, as a Franco-...

PUBLISHED May 21, 2020 05:50 AM

REAL ESTATE

BT EXCLUSIVE

PropNex sells 113 new homes during 6 weeks of circuit breaker

PROPNEX Realty has sold 113 new homes in the first six weeks of the "circuit breaker...

PUBLISHED May 21, 2020 05:50 AM

Spike in some Hong Kong flat sales raises fraud suspicions

A JUMP in the number of Hong Kong flats selling for exactly HK$10 million (S$1.8...

PUBLISHED May 21, 2020 05:50 AM

HK land parcel sells for cheaper than expected

HONG Kong's government sold a large residential plot at a cheaper price than analysts...

PUBLISHED May 21, 2020 05:50 AM

Flush with cash, global property buyers wait for sellers to blink

THE world's biggest real estate investors are sitting on piles of cash, preparing for...

PUBLISHED May 21, 2020 05:50 AM

PropertyGuru grew sales 24% while gauging IPO window

PROPERTYGURU Group, the South-east Asian startup that pulled the plug on an initial...

PUBLISHED May 21, 2020 05:50 AM

US homebuilding drops to 5-year low in April as pandemic continues damage

US HOMEBUILDING dropped to a five-year low in April, underlining fears that the novel...

PUBLISHED May 21, 2020 05:50 AM

BANKING & FINANCE

Thailand cuts key rate for third time as economic crisis worsens

THE Bank of Thailand cut its benchmark interest rate for the third time this year to a...

PUBLISHED May 21, 2020 05:50 AM

HSBC sees double-digit wealth asset growth in Asia by 2023

HSBC Holdings PLC expects to achieve double-digit asset growth in its newly combined...

PUBLISHED May 21, 2020 05:50 AM

TECHNOLOGY

Facebook to help showcase online 'Shops'

FACEBOOK on Tuesday reached out to businesses struggling to survive the pandemic with...

PUBLISHED May 21, 2020 05:50 AM

Alibaba to invest 10b yuan in AI-IOT system

ALIBABA Group Holding will invest 10 billion yuan (S$1.99 billion) into an artificial...

PUBLISHED May 21, 2020 05:50 AM

CONSUMER

Johnson & Johnson to stop selling Baby Powder talc in US, Canada

JOHNSON & Johnson (J&J) on Tuesday announced it would stop selling its Baby...

PUBLISHED May 21, 2020 05:50 AM

TRANSPORT

Changi Airport to allow transit traffic from June 2

FROM June 2, Singapore will gradually allow travellers to transit through Changi...

PUBLISHED May 21, 2020 05:50 AM

Rolls-Royce plans to cut 9,000 jobs amid slump in air travel

ROLLS-ROYCE Holdings Plc chief executive officer Warren East's five-year bid to revive...

PUBLISHED May 21, 2020 05:50 AM

GOVERNMENT & ECONOMY

Economy, international relations on agenda as China's parliament convenes

CHINA'S National People's Congress - which convenes on Friday after a two-month delay...

PUBLISHED May 21, 2020 05:50 AM

Allegations against Surbana Jurong 'false and malicious': MOH, MND

THE government on Wednesday called allegations about profiteering and corruption in...

PUBLISHED May 21, 2020 05:50 AM

Australia opens up domestic life further as China dispute lingers

AUSTRALIAN officials announced a raft of plans on Wednesday to speed up the resumption...

PUBLISHED May 21, 2020 05:50 AM

LIFE & CULTURE

VIRUS OUTBREAK

All Singapore music for an all-S'pore cause

FLYING the flag for Singapore music, students of School of the Arts (SOTA) are holding...

PUBLISHED May 21, 2020 05:50 AM

An audience comes out of lockdown for Schubert and Mahler

NORMALLY, when a performer peers beyond bright stage lights into a darkened theatre...

PUBLISHED May 21, 2020 05:50 AM

Venice Biennale postpones next two editions

ITALY'S museums and galleries have started to reopen as the country - one of the...

PUBLISHED May 21, 2020 05:50 AM

OPINION

Genuine incorporation or tax avoidance?

FOR the past few years, high-earning professionals such as doctors and dentists have...

PUBLISHED May 21, 2020 05:50 AM
THE BOTTOM LINE

No more lip service. Time for a true digital transformation

DESPITE much hype and chest-thumping in recent years, the promise of true digital...

PUBLISHED May 21, 2020 05:50 AM
EDITORIAL

Probe on WHO's virus response must not turn into a witch-hunt

MUCH about Sars-CoV-2 remains a mystery although it has been five months since the...

PUBLISHED May 21, 2020 05:50 AM

Exiting the pandemic not a case of survival of the fittest, but striking a positive balance

THERE has been a lot of debate on how to engineer a safe exit from lockdown from a...

PUBLISHED May 21, 2020 05:50 AM

Twitter could end the office as we know it

TWITTER is out of the office. Last week, the social media company's chief executive,...

PUBLISHED May 21, 2020 05:50 AM

How executives use social media to build trust with investors

AN EARLY study out of Singapore Management University sheds light on the role...

PUBLISHED May 21, 2020 05:50 AM

BREAKING NEWS

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...

May 25, 2020 06:44 PM

Food delivery giant Meituan Dianping posts Q1 loss as pandemic hits orders

[BEIJING] Chinese food delivery giant Meituan Dianping posted a quarterly loss on Monday, as orders fell following...

May 25, 2020 06:41 PM

China steel body, producers call for domestic iron ore output boost

[BEIJING] China's steel association and major steelmakers have called for an increase in domestic iron ore...