Wednesday, Oct 14, 2020

TOP STORIES

VIRUS OUTBREAK: JOBS IMPACT

Jobs targeted at foreign labour, poor attitudes behind traineeship mismatch

WITH thousands of traineeships available to fresh graduates across multiple sectors,...

PUBLISHED Oct 14, 2020 05:50 AM
CLIMATE CHANGE

MAS to drill deeper into climate risks for stress test on banks

THE Monetary Authority of Singapore (MAS) will, within the next two years, incorporate...

PUBLISHED Oct 14, 2020 05:50 AM

Hyundai's investment could help grow Singapore EV ecosystem

CARMAKER Hyundai's latest investment in Singapore could help build an ecosystem...

PUBLISHED Oct 14, 2020 05:50 AM

The Pines members sue Peter Kwee; hearing dates in Nov and Dec

ABOUT 145 members of The Pines club are seeking tens of thousands of dollars in...

PUBLISHED Oct 14, 2020 05:50 AM
HERE IN ASIA

China trade soars in September as economy rebounds

CHINA'S exports and imports surged in September as the world's second largest economy...

PUBLISHED Oct 14, 2020 05:50 AM

S$232m fair value loss pushes SPH into the red for first time

SINGAPORE Press Holdings (SPH) on Tuesday reported its first-ever net loss of S$83.7...

PUBLISHED Oct 14, 2020 05:50 AM

COMPANIES & MARKETS

Wiluan family loses bid to stop JM order on KS Energy

A SECOND attempt by Indonesia's Wiluan family to fight OCBC's bid to place KS Energy...

PUBLISHED Oct 14, 2020 05:50 AM

Explosive demand for PPE boosts Medtecs' Q3 top line, net profit

PANDEMIC beneficiary Medtecs International Corporation has reported its third quarter...

PUBLISHED Oct 14, 2020 05:50 AM

Singapore companies lag Malaysian and Thai peers on integrity disclosures: study

SINGAPORE'S largest listed companies are lagging behind their peers in Malaysia and...

PUBLISHED Oct 14, 2020 05:50 AM

iFast clarifies response to SGX query; says no guidance on profit implied

WEALTH management and brokerage platform iFast Corporation has clarified that a recent...

PUBLISHED Oct 14, 2020 05:50 AM

Shanghai-listed firm to take stake in Zheneng Jinjiang, plans cash offer

SHANGHAI-listed thermal power generation firm Zhejiang Zheneng Electric Power's (ZZEP...

PUBLISHED Oct 14, 2020 05:50 AM

Citigroup posts biggest quarterly profit of pandemic

CITIGROUP posted its biggest quarterly profit of the pandemic after reaping another...

PUBLISHED Oct 14, 2020 05:50 AM
HOCK LOCK SIEW

Directors need to ask if they are going overboard with their various board seats

THE issue of multiple directorships has cropped up again, following the arrest of the...

PUBLISHED Oct 14, 2020 05:50 AM

Keppel T&T exits Thai associate for 827.6m baht; Keppel's associate Floatel forbearance pact extended

THE logistics and data centre arm of Keppel Corp is divesting its 24.01 per cent...

PUBLISHED Oct 14, 2020 05:50 AM
HYFLUX SAGA

Hyflux disputes several statements by suitor Utico

DISTRESSED water-treatment company Hyflux has disputed several statements made by its...

PUBLISHED Oct 14, 2020 05:50 AM

Top Glove hires banks for potential US$1b Hong Kong listing: sources

MALAYSIAN rubber glove maker Top Glove, riding a wave of demand generated by the...

PUBLISHED Oct 14, 2020 05:50 AM

Corporate digest

THE mainboard-listed company on Monday said independent auditor Foo Kon Tan LLP issued...

PUBLISHED Oct 14, 2020 05:50 AM
STOCKS

STI up 15.23 points on optimism for upcoming Q3 earnings results

THE benchmark Straits Times Index (STI) on Tuesday climbed

PUBLISHED Oct 14, 2020 05:50 AM
CURRENCIES

Australian dollar hit as China rejects coal imports

THE Australian dollar fell on Tuesday after reports that China has halted coal imports...

PUBLISHED Oct 14, 2020 05:50 AM

REAL ESTATE

27 strata office units at 20 Cecil Street up for sale

A PORTFOLIO of 27 strata office units occupying four levels of 20 Cecil Street in the...

PUBLISHED Oct 14, 2020 05:50 AM

Singapore condo resale volume up 0.4% in September: SRX

RESALE volumes of non-landed private homes in Singapore rose 0.4 per cent month on...

PUBLISHED Oct 14, 2020 05:50 AM

Bukit Timah Plaza ground-floor unit up for sale with S$30m guide price

A PRIME ground-floor commercial unit, including 12 accessory car-park lots, within...

PUBLISHED Oct 14, 2020 05:50 AM

BANKING & FINANCE

BLANK CHEQUES

SoftBank's Vision Fund plans to unveil blank-cheque company

SOFTBANK Group Corp's Vision Fund will outline plans for a blank-cheque company in the...

PUBLISHED Oct 14, 2020 05:50 AM
OPINION

Why are investors so eager on blank cheques?

EVERY few years, investors seem to become enamoured with one investment or another....

PUBLISHED Oct 14, 2020 05:50 AM

HSBC out of China dollar bond deal for first time since 2017

HSBC Holdings was left off the list of banks arranging China's sovereign dollar debt...

PUBLISHED Oct 14, 2020 05:50 AM

BI keeps policy rate unchanged as it focuses on debt purchases

INDONESIA'S central bank kept its policy rate unchanged as it uses other measures,...

PUBLISHED Oct 14, 2020 05:50 AM

US$5t investor group sets tougher portfolio carbon targets

THIRTY of the world's largest investors managing a combined US$5 trillion said on...

PUBLISHED Oct 14, 2020 05:50 AM

ENERGY & COMMODITIES

Oil prices rebound on strong Chinese trade data

OIL prices rose on Tuesday, recovering some ground from falls of nearly 3 per cent in...

PUBLISHED Oct 14, 2020 05:50 AM

TECHNOLOGY

China tech stocks seen as better bet than US counterparts

CHINESE Internet stocks will keep outperforming their US counterparts in the months...

PUBLISHED Oct 14, 2020 05:50 AM

TikTok rival Triller weighs going public

TRILLER, an app similar to TikTok that allows users to share short video clips online...

PUBLISHED Oct 14, 2020 05:50 AM

CONSUMER

UK grocery sales rise but shoppers aren't stockpiling: survey

BRITISH grocery sales growth accelerated in September as shoppers geared up for new...

PUBLISHED Oct 14, 2020 05:50 AM

Retailer French Connection loss triples on virus hit; shares slump

BRITISH clothing retailer French Connection Group Plc said on Tuesday sales had halved...

PUBLISHED Oct 14, 2020 05:50 AM

TRANSPORT

Maersk to lay off 2,000 in major revamp

THE world's biggest container shipping line, Maersk, said on Tuesday demand was...

PUBLISHED Oct 14, 2020 05:50 AM

China auto sales jump 13% as shoppers return

AUTOMOBILE sales in China rose 12.8 per cent in September from the same month a year...

PUBLISHED Oct 14, 2020 05:50 AM
STRAIT TALK

Rethinking training with arrival of new technology

I SIGNED my life away to a shipping company just over 50 years ago. That was the...

PUBLISHED Oct 14, 2020 05:50 AM

Rise in Nov-Jan COE supply

THERE will be a small respite for car buyers when the new certificate of entitlement (...

PUBLISHED Oct 14, 2020 05:50 AM

British Airways abruptly replaces CEO

BRITISH Airways has said it will cut 13,000 jobs as the coronavirus pandemic batters...

PUBLISHED Oct 14, 2020 05:50 AM

GOVERNMENT & ECONOMY

Anwar meets king to prove majority support for PM bid

MALAYSIAN opposition leader Anwar Ibrahim met King Al-Sultan Abdullah on Tuesday in a...

PUBLISHED Oct 14, 2020 05:50 AM

IMF sees shallower recession, tough path back to full recovery

THE International Monetary Fund warned that the world economy still faces an uneven...

PUBLISHED Oct 14, 2020 05:50 AM
LATEST US DATA

Key inflation gauge rises at slowest pace in four months

A KEY measure of US consumer prices rose in September at the slowest pace in four...

PUBLISHED Oct 14, 2020 05:50 AM

US companies lay down rules on political spending ahead of Nov 3 polls

A RECORD number of US companies are either banning political spending or making sure...

PUBLISHED Oct 14, 2020 05:50 AM

WEALTH & INVESTING

INSIGHTS FROM CFA SOCIETY SINGAPORE

Virus fallout: Survey points to large-scale bankruptcies and growth of asset mispricing risks

CFA Institute recently published a report about the impact of the coronavirus crisis...

PUBLISHED Oct 14, 2020 05:50 AM

New global dividend fund aims for 'premium' income

INVESTORS' hunger for income continues unabated amid the low-rate environment....

PUBLISHED Oct 14, 2020 05:50 AM
A SMART LOOK AT INVESTING

Winning stocks ignited by the stay-at-home consumer

SINGAPORE'S economy is reopening but most residents prefer to stay at home. According...

PUBLISHED Oct 14, 2020 05:50 AM
VALUE INSIGHT

Can machines 'learn' finance?

ARTIFICIAL intelligence (AI) or machine learning are exciting buzzwords in the last...

PUBLISHED Oct 14, 2020 05:50 AM

OPINION

Is Trump politically a dead man walking?

THERE is no doubt that the standards set for measuring the performance of the American...

PUBLISHED Oct 14, 2020 05:50 AM
THE BOTTOM LINE

Collaborative automation: Boosting industries and workforce

THE Covid-19 pandemic is one of the biggest challenges Singapore businesses have faced...

PUBLISHED Oct 14, 2020 05:50 AM
EDITORIAL

America is distracted and in a global diplomatic self-quarantine

STOP the World: I Want to Get Off was the name of a popular 1962 Broadway show - and...

PUBLISHED Oct 14, 2020 05:50 AM

List best practices for use of macro-prudential policies in housing market

ASIA has faced at least three major crises in the last two decades - Asian Financial...

PUBLISHED Oct 14, 2020 05:50 AM

Three Rockefellers say banks must stop financing fossil fuels

ONE hundred years ago, as a deadly influenza gripped the world and the stock market...

PUBLISHED Oct 14, 2020 05:50 AM

Europe's 'green China' challenge

AT the recent United Nations General Assembly, Chinese President Xi Jinping declared...

PUBLISHED Oct 14, 2020 05:50 AM

BREAKING NEWS

Oct 23, 2020 04:33 PM

Nanofilm's IPO shares priced at $2.59, promising market cap of S$1.7b

NANOFILM Technologies, the spin-off company of Nanyang Technological University (NTU) on Friday lodged its final...

Oct 23, 2020 04:27 PM

Stars are aligned for cheap hedging costs to drive yen gains

[NEW YORK] It's been getting cheaper for Japanese investors to hedge their foreign-exchange risk and that has the...

Oct 23, 2020 04:25 PM

250 allowed at MMA show as fans return in Singapore

[SINGAPORE] Singapore will allow fans at a sports event for the first time in months when limited numbers attend a...

Oct 23, 2020 04:25 PM

Hong Kong: Stocks end the week on a positive note

[HONG KONG] Hong Kong shares finished Friday with gains as traders keep tabs on US stimulus talks, while the last...

Oct 23, 2020 04:20 PM

Euro zone business activity contracts in Oct as Covid-19 resurges

[LONDON] Euro zone economic activity has slipped back into decline this month as renewed restrictions to control the...

Oct 23, 2020 04:09 PM

David Hockney work sold by Royal Opera House fetches £12.9m

[LONDON] A painting by British artist David Hockney sold by the Royal Opera House in London to raise funds to help...