Friday, Oct 16, 2020

TOP STORIES

VIRUS OUTBREAK: PARLIAMENTARY DEBATE

Government not ruling out further draw on past reserves: DPM Heng

IF A further draw on past reserves is needed for Covid-19 support, the government is...

PUBLISHED Oct 16, 2020 05:50 AM
VIRUS OUTBREAK: REIGNITING TRAVEL

Singapore-HK air travel bubble could see pent-up demand if it matches holiday season

SINGAPORE'S proposed air travel bubble (ATB) with Hong Kong could spark keen interest...

PUBLISHED Oct 16, 2020 05:50 AM
ASEAN BUSINESS

Thai state of emergency: analysts, firms remain bullish

IT'S still mostly business as usual for Singapore companies in Thailand, despite...

PUBLISHED Oct 16, 2020 05:50 AM

Private jets take off after airlines are grounded

IN the midst of the pandemic, when commercial airlines are not flying or have severely...

PUBLISHED Oct 16, 2020 05:50 AM
VIRUS OUTBREAK: PARLIAMENT

Heng: Firms whose failure hurts national interest may get support

THE Singapore government may step in to support firms in cases where their potential...

PUBLISHED Oct 16, 2020 05:50 AM

September home sales up 5.6% from August; 1,329 units sold the highest in over 2 years

DEVELOPERS in Singapore sold 1,329 new private homes in September, 5.6 per cent more...

PUBLISHED Oct 16, 2020 05:50 AM
VIRUS OUTBREAK: SUPPORTING TOURISM

Genting lines looking to hire Singaporeans as cruises restart

GENTING Cruise Lines is hiring over 100 Singaporeans as it restarts cruise services in...

PUBLISHED Oct 16, 2020 05:50 AM

Five platforms to offer STB voucher-redemption services

FIVE booking platforms have been picked to offer redemption services for...

PUBLISHED Oct 16, 2020 05:50 AM

Three-quarters of employees here expect better work-life balance due to flexi-work: Poll

ALMOST three-quarters of Singapore employees expect work-life balance to improve as...

PUBLISHED Oct 16, 2020 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

How does Hong Kong's new Reit ETF stack up against Singapore-listed ones?

ON Thursday, the Hong Kong Stock Exchange (HKSE) saw the listing of its first real...

PUBLISHED Oct 16, 2020 05:50 AM

Keppel DC Reit to join STI on Monday

KEPPEL DC Reit (real estate investment trust) will become a component stock of the...

PUBLISHED Oct 16, 2020 05:50 AM

SIA's September cargo load factor improves on reduced capacity

SINGAPORE Airlines (SIA) continues to report strong cargo load factor for September as...

PUBLISHED Oct 16, 2020 05:50 AM
US-MALAYSIA TRADE

Malaysian rubber gloves added to US list of goods produced by forced labour

RUBBER gloves manufactured in Malaysia are among six items the United States...

PUBLISHED Oct 16, 2020 05:50 AM

US Customs would consider petition, audit to lift import ban on Malaysia's FGV

THE US Customs has told Malaysia's FGV Holdings it would consider a petition to revoke...

PUBLISHED Oct 16, 2020 05:50 AM
YIHAI KERRY ARAWANA'S IPO

Wilmar shares end lower while China unit YKA makes sizzling debut

WILMAR International's share price lost ground as high volumes changed hands on...

PUBLISHED Oct 16, 2020 05:50 AM

Wilmar's Kuok rides cooking oil dominance to a record China IPO

KUOK Khoon Hong has pulled off a remarkable second act. The billionaire sold shares of...

PUBLISHED Oct 16, 2020 05:50 AM

Former CGS-CIMB broker jailed for manipulating Koyo shares

A FORMER CGS-CIMB Securities employee will do jail time for her involvement in...

PUBLISHED Oct 16, 2020 05:50 AM

Soilbuild Reit's Q3 DPU up 20% to 1.1 cents

SOILBUILD Business Space Reit (Soilbuild Reit) reported a 16.5 per cent increase in...

PUBLISHED Oct 16, 2020 05:50 AM

Corporate digest

New Silkroutes Group

PUBLISHED Oct 16, 2020 05:50 AM
STOCKS

Singapore, regional shares tumble amid global uncertainties

THE benchmark Straits Times Index (STI) extended its losses on Thursday and fell 1.25...

PUBLISHED Oct 16, 2020 05:50 AM
CURRENCIES

Aussie hits 2-week low; risk-off mood supports US$

THE Australian dollar hit a two-week low on Thursday after the head of the central...

PUBLISHED Oct 16, 2020 05:50 AM

REAL ESTATE

Ascott secures over 2,100 new units across 12 properties in China

CAPITALAND'S wholly-owned lodging business unit, The Ascott Ltd, has secured more than...

PUBLISHED Oct 16, 2020 05:50 AM

Never mind Manhattan exodus, Big Tech is moving in

FACEBOOK has just leased enough new office space in Manhattan to nearly triple its...

PUBLISHED Oct 16, 2020 05:50 AM
REMOTE WORKING

Winners and losers in the office leasing game

PERHAPS no part of the economy has a more uncertain future right now than office...

PUBLISHED Oct 16, 2020 05:50 AM

Major US banks see slow return to office

FOUR of the United States' largest banks updated their progress in recent days on...

PUBLISHED Oct 16, 2020 05:50 AM

Orchard semi-detached house for sale with S$12m guide price

A TWO-STOREY semi-detached property in Orchard has been offered for sale by real...

PUBLISHED Oct 16, 2020 05:50 AM

SoftBank-backed The We Company reverts to WeWork name

THE We Company, parent of money-losing shared-office provider WeWork, which last year...

PUBLISHED Oct 16, 2020 05:50 AM

BANKING & FINANCE

Bank earnings show diverging fortunes on Wall Street and Main Street

HUNDREDS of thousands of small businesses are closing for good. Temporary layoffs at...

PUBLISHED Oct 16, 2020 05:50 AM
ANALYSIS

Stepped up Chinese scrutiny raises investment risk of Ant

AS Ant Group was working in August towards its giant IPO, at least two smaller Chinese...

PUBLISHED Oct 16, 2020 05:50 AM

Mysterious rush of cash rotating through one of world's biggest tech ETFs

THE amount of cash cycling through one of the world's largest exchange-traded funds is...

PUBLISHED Oct 16, 2020 05:50 AM

ENERGY & COMMODITIES

Gold eases on buoyant dollar as US stimulus bets fade

GOLD edged lower on Thursday as the dollar gained after US Treasury Secretary Steve...

PUBLISHED Oct 16, 2020 05:50 AM

Oil dips as surging coronavirus cases threaten demand recovery

OIL prices fell on Thursday, paring gains from earlier in the session, as a resurgence...

PUBLISHED Oct 16, 2020 05:50 AM

TECHNOLOGY

TSMC raises 2020 sales outlook after profit smashes estimates

TAIWAN Semiconductor Manufacturing raised its full-year revenue forecast again after...

PUBLISHED Oct 16, 2020 05:50 AM

Zoom wants to partner with Slack and Microsoft

ZOOM Video Communications Inc chief executive officer Eric Yuan said the company will...

PUBLISHED Oct 16, 2020 05:50 AM

Nokia gives Google nod for IT infrastructure

FINNISH telecoms equipment maker Nokia on Wednesday unveiled a five-year strategic tie...

PUBLISHED Oct 16, 2020 05:50 AM

CONSUMER

Unsuited to new era, fate of formal fashion hangs by a thread

ITALIAN luxury designer Brunello Cucinelli makes men's suits that sell for up to 7,000...

PUBLISHED Oct 16, 2020 05:50 AM

TRANSPORT

Struggling Virgin Australia hires airline's first female CEO

VIRGIN Australia Holdings chief executive Paul Scurrah will be replaced within weeks...

PUBLISHED Oct 16, 2020 05:50 AM

Renault fights back with bigger electric lineup

RENAULT SA's promotional blitz for its growing electric lineup may be too late for the...

PUBLISHED Oct 16, 2020 05:50 AM

Ryanair slashes winter flights on virus restrictions

RYANAIR said on Thursday that it will slash more flights this winter and temporarily...

PUBLISHED Oct 16, 2020 05:50 AM

US trade imbalance hits crop exports with lack of containers

WITH the US importing more goods than it's exporting, shipments of American cotton,...

PUBLISHED Oct 16, 2020 05:50 AM

GOVERNMENT & ECONOMY

End October likely for EU, UK trade accord deadline

THE EU and UK trade accord deadline is likely to be postponed to the end of October....

PUBLISHED Oct 16, 2020 05:50 AM

Singapore plans more fiscal stimulus in 2021 to spur recovery

SINGAPORE is looking to add to about S$100 billion of fiscal stimulus to help...

PUBLISHED Oct 16, 2020 05:50 AM

As Trump's language grows more heated, fears rise of political violence

THE arrest of more than a dozen right-wing extremists who are accused of targeting the...

PUBLISHED Oct 16, 2020 05:50 AM

LEADERSHIP & MANAGEMENT

The rise of the Phygital Leader

IN the past five decades, there have been a multitude of technologies - which have...

PUBLISHED Oct 16, 2020 05:50 AM

Pret A Manger, badly hit by coronavirus, will try anything to survive

IF you stand outside the Bank underground station, in the heart of the financial...

PUBLISHED Oct 16, 2020 05:50 AM

OPINION

Singapore can help region emerge stronger, better, more sustainable

ONE positive development emerging from the current pandemic is the aim not only to...

PUBLISHED Oct 16, 2020 05:50 AM

US-China ties: History favours détente over sabre-rattling

WHILE much of the hand-wringing over China has abated somewhat during the Covid-19...

PUBLISHED Oct 16, 2020 05:50 AM

Finance teams must adopt forward-looking analytics, a key to stay competitive

IT is almost the end of 2020 and the global pandemic has struck us for almost a year....

PUBLISHED Oct 16, 2020 05:50 AM

Lifestyle

What will we eat in 2030?

TEN years ago, it would be inconceivable to eat a delicious hamburger that's made out...

PUBLISHED Oct 16, 2020 05:50 AM

Accessories report Fall/Winter 2020

AirPods, cellphones, water bottles, cameras - all the essential gear of the active...

PUBLISHED Oct 16, 2020 05:50 AM
BUZZ!

What's Up This Week

When you want to sample several different cuts of beef but don't want to annoy a...

PUBLISHED Oct 16, 2020 05:50 AM

Home for the memories

WHEN educator Eric Lim was house hunting a few years ago, location wasn't a big issue...

PUBLISHED Oct 16, 2020 05:50 AM
DINING OUT

A breath of fresh flair at V-Dining

FOUR years ago, a fresh breeze blew into Singapore's dining scene - carrying with it a...

PUBLISHED Oct 16, 2020 05:50 AM

For Northern Rhone Reds, it's not the age but the emotions

BY virtue of job and inclination, I've got a lot of favourite wines. But of all my...

PUBLISHED Oct 16, 2020 05:50 AM

GARAGE

BIG TECH

TikTok owner Bytedance moving to bigger Singapore office

BYTEDANCE, the Chinese owner of video app TikTok, is moving to a bigger office in...

PUBLISHED Oct 16, 2020 05:50 AM

BREAKING NEWS

Oct 23, 2020 04:33 PM

Nanofilm's IPO shares priced at S$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...