Wednesday, Jun 24, 2020

TOP STORIES

GE2020

Singapore goes to polls on July 10 in an election 'like no other'

SINGAPORE will go to the polls on Friday July 10 - a public holiday - in a General...

PUBLISHED Jun 24, 2020 05:50 AM
VIRUS OUTBREAK: BT EXCLUSIVE

FairPrice to stop housing allowance for 1,000 Malaysian staff stuck here

FAIRPRICE Group, which has been providing for about 1,000 of its Malaysian employees...

PUBLISHED Jun 24, 2020 05:50 AM
GE2020

Election will give new government fresh mandate to deal with pandemic fallout

PRIME Minister Lee Hsien Loong said he is calling the General Election now to seek a...

PUBLISHED Jun 24, 2020 05:50 AM
GE2020

Opposition parties say ready to do battle in coming polls

OPPOSITION parties said they are ready to do battle after the announcement of...

PUBLISHED Jun 24, 2020 05:50 AM

Hin Leong unlikely to be rehabilitated on its own: PwC

INSOLVENT oil trader Hin Leong Trading has "no reasonable prospect" of being...

PUBLISHED Jun 24, 2020 05:50 AM

GE2020 battleground

The GRCs and SMCs at stake on July 10.

PUBLISHED Jun 24, 2020 05:50 AM

Singapore's electoral system

President Halimah Yacob, on the advice of Prime Minister Lee Hsien Loong, dissolved...

PUBLISHED Jun 24, 2020 05:50 AM

Gojek cuts 9% of staff, shuts non-core verticals amid Covid-19 pressures

INDONESIAN ride-hailing firm Gojek is laying off 430 employees, representing 9 per...

PUBLISHED Jun 24, 2020 05:50 AM

May consumer inflation negative again amid Covid-19 curbs

THE deflation in key consumer prices persisted in May, as the novel coronavirus...

PUBLISHED Jun 24, 2020 05:50 AM

RCEP trade deal set to be inked this year; door remains open for India

SINGAPORE and other stakeholders have reiterated that they plan to sign the Regional...

PUBLISHED Jun 24, 2020 05:50 AM

Wirecard must keep customer funds from Singapore business in banks here: MAS

BELEAGUERED payments provider Wirecard is required to keep customer funds arising from...

PUBLISHED Jun 24, 2020 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

ESG investing is building resistance to layoffs

WITH Singapore in Phase 2 of its reopening, companies can now better gauge the extent...

PUBLISHED Jun 24, 2020 05:50 AM
BROKERS' TAKE

S-Reits' valuations close to long-term mean, but analysts still see value in sector

SINGAPORE real estate investment trusts (S-Reits) have rebounded 38 per cent from...

PUBLISHED Jun 24, 2020 05:50 AM

Hong Leong provides loans to help SMEs manage cash flow

HONG Leong Finance said on Tuesday that it has launched its Business Loans Campaign to...

PUBLISHED Jun 24, 2020 05:50 AM

Mapletree Industrial Trust to buy remaining 60% stake in 14 data centres for US$210.9m

THE manager of Mapletree Industrial Trust (MIT) on Tuesday said it had agreed to...

PUBLISHED Jun 24, 2020 05:50 AM
HOT STOCK

Wilmar shares jump 7.7%; company provides update on proposed listing of China unit

SHARES in agrifood group Wilmar International surged on Tuesday, prompting a query...

PUBLISHED Jun 24, 2020 05:50 AM

Yangzijiang Shipbuilding bags 4 vessel orders worth US$102m

YANGZIJIANG Shipbuilding on Tuesday said it has obtained new orders for four vessels...

PUBLISHED Jun 24, 2020 05:50 AM

Geo Energy Resources may list unit in Indonesia

COAL producer Geo Energy Resources said in a regulatory filing on Tuesday that one of...

PUBLISHED Jun 24, 2020 05:50 AM

Banyan Tree expects net loss for H1 due to Covid-19 pandemic

RESORT group Banyan Tree Holdings said in a regulatory filing on Tuesday that its...

PUBLISHED Jun 24, 2020 05:50 AM

Corporate digest

The pay TV firm's trustee-manager on Monday said it has received 474.7 million valid...

PUBLISHED Jun 24, 2020 05:50 AM
STOCKS

STI claws back early losses on election news, ends 0.2% higher

THE Straits Times Index (STI) clawed back early losses to finish 5.23 points or 0.2...

PUBLISHED Jun 24, 2020 05:50 AM
CURRENCIES

Euro up on improved French PMI data

THE euro jumped to one-week high following positive economic data on Tuesday and...

PUBLISHED Jun 24, 2020 05:50 AM

REAL ESTATE

Dubai property developer bets on quick rebound

ONE of Dubai's smaller developers is making a big bet that the city's battered...

PUBLISHED Jun 24, 2020 05:50 AM

Valentino sues to quit Fifth Avenue lease amid pandemic losses

LUXURY fashion retailer Valentino has joined a string of retailers suing their...

PUBLISHED Jun 24, 2020 05:50 AM

BANKING & FINANCE

OCBC partners seven medical groups to launch healthcare app

OCBC Bank has partnered seven medical groups to launch a healthcare app that provides...

PUBLISHED Jun 24, 2020 05:50 AM

StanChart Singapore to invest extra S$5m in talent development, re-skilling

STANDARD Chartered Singapore on Tuesday said it will invest an additional sum of S$5...

PUBLISHED Jun 24, 2020 05:50 AM

UBS says one-third of staff could work remotely on permanent basis

UBS Group may never bring all of its employees back to the office in a post-Covid-19...

PUBLISHED Jun 24, 2020 05:50 AM

ENERGY & COMMODITIES

Abu Dhabi sells US$10b stake in pipelines to GIP-led group

ABU Dhabi sold a US$10.1 billion stake in its natural-gas pipelines to a consortium...

PUBLISHED Jun 24, 2020 05:50 AM

TECHNOLOGY

Apple to build its own chips to power Mac computers, ending tie-up with Intel

APPLE is building its own chips to power its Mac computers to create a "common...

PUBLISHED Jun 24, 2020 05:50 AM

Tencent sets new milestones

TENCENT Holdings Ltd's shares just hit three milestones in a single day.

PUBLISHED Jun 24, 2020 05:50 AM

CONSUMER

Hong Kong economy gets boost from staycations, dining deals

PEOPLE walking through the Lan Kwai Fong area of Hong Kong over the weekend might have...

PUBLISHED Jun 24, 2020 05:50 AM

Woolworths underpayment hits pub, liquor store staff; virus to affect annual profit

TOP Australian grocer Woolworths Group Ltd revealed on Tuesday that it had underpaid...

PUBLISHED Jun 24, 2020 05:50 AM

TRANSPORT

STRAIT TALK

Patience wears thin on crew change issue

LAST week, the International Transport Workers' Federation (ITF) - the global maritime...

PUBLISHED Jun 24, 2020 05:50 AM

UK carmakers seek state aid with pandemic threatening jobs

BRITAIN'S main automotive trade group called on the government to support the industry...

PUBLISHED Jun 24, 2020 05:50 AM

GOVERNMENT & ECONOMY

NEWS ANALYSIS

Bank of England Governor Bailey's stimulus withdrawal plan a daunting one

ANDREW Bailey is wagering that the Bank of England can eventually achieve a stimulus...

PUBLISHED Jun 24, 2020 05:50 AM

Indonesia will not ask central bank to buy zero coupon bonds

INDONESIAN Finance Minister Sri Mulyani Indrawati said on Tuesday the government would...

PUBLISHED Jun 24, 2020 05:50 AM

India starts curbing sales of Chinese goods to govt agencies

AMID calls for a boycott of Chinese goods after a border clash in which 20 Indian...

PUBLISHED Jun 24, 2020 05:50 AM

Pubs, restaurants and hotels to reopen on July 4 as England eases social distancing

BRITISH Prime Minister Boris Johnson said on Tuesday pubs, restaurants and hotels...

PUBLISHED Jun 24, 2020 05:50 AM

LIFE & CULTURE

Australia, New Zealand favourites to co-host women's football World Cup in 2023

A DECADE ago, Australia spent millions of taxpayer dollars on a disastrous quest to...

PUBLISHED Jun 24, 2020 05:50 AM
OBITUARY

Batman Forever and Lost Boys director Joel Schumacher dies at 80

JOEL Schumacher, the director of two flamboyant Batman films and cult teen classic The...

PUBLISHED Jun 24, 2020 05:50 AM

Saudi Arabia bars overseas arrivals to attend haj

SAUDI Arabia will bar arrivals from abroad to attend the haj this year due to the...

PUBLISHED Jun 24, 2020 05:50 AM

WEALTH & INVESTING

A SMART LOOK AT INVESTING

Guidelines for investors to survive the Covid-19 economic crisis

THE world is no stranger to economic crises. But no two crises are the same.

PUBLISHED Jun 24, 2020 05:50 AM

Singapore wealthy tap insurance for wealth and legacy planning: study

INSURANCE as an instrument for wealth and legacy planning is far more widely used...

PUBLISHED Jun 24, 2020 05:50 AM

Hedge funds exploit CLO weakness laid bare by corporate distress

THERE'S a set of rules in the world of CLOs (collateralised loan obligations) designed...

PUBLISHED Jun 24, 2020 05:50 AM

OPINION

Digital banking can be a double-edged sword

THE Monetary Authority of Singapore announced on June 18 that 14 of the 21 digital...

PUBLISHED Jun 24, 2020 05:50 AM
THE BOTTOM LINE

Tourism needs to adapt to survive in the new normal

IT HAS been a challenging few months for all sectors in Singapore, especially for...

PUBLISHED Jun 24, 2020 05:50 AM
EDITORIAL

To win US farm votes, Trump needs to stop bashing China

BARELY a couple of hours after White House trade adviser Peter Navarro declared on...

PUBLISHED Jun 24, 2020 05:50 AM

Down but not out; Changi Airport will soar again

A COPY of a 1948 Malaya Tribune article titled "Changi to be world's best airport" was...

PUBLISHED Jun 24, 2020 05:50 AM

Trump reshuffles US ties with its Europe partners

DONALD Trump holds on Wednesday his first face-to-face meeting since the pandemic with...

PUBLISHED Jun 24, 2020 05:50 AM

CFOs play crucial role in surviving Covid-19 crisis

IN RECENT years, chief financial officers (CFOs) have been called upon to do many...

PUBLISHED Jun 24, 2020 05:50 AM

BREAKING NEWS

Jul 2, 2020 02:52 PM

Vanguard and State Street are resisting the new ETF craze

[NEW YORK] One of Wall Street's hottest innovations is being hailed as the potential key to attracting trillions of...

Jul 2, 2020 02:50 PM

China tech giant Tencent duped by saucy scammers

[BEIJING] Chinese tech giant Tencent has been fooled by impostors posing as representatives of the country's most...

Jul 2, 2020 02:41 PM

Australia weighs 'opportunities' for Hong Kong people after security law

[SYDNEY] Australian Prime Minister Scott Morrison signalled on Thursday his government may follow Britain in...

Jul 2, 2020 02:31 PM

Tokyo: Stocks edge up in cautious trading

[TOKYO] Tokyo stocks closed marginally higher Thursday following rallies on the Nasdaq on Wall Street, but traders...

Jul 2, 2020 02:19 PM

Banks in Singapore in talks to bolster lending practices for troubled commodity sector

[SINGAPORE] Commodity trade financiers in Singapore are teaming up to strengthen lending practices and improve...

Jul 2, 2020 02:11 PM

Singapore adds China to 12-country pledge to keep trade open amid virus crisis

SINGAPORE’S biggest trading partner has become the latest country joining a pledge to keep supply chains open during...