Thursday, Jan 14, 2021

TOP STORIES

BT EXCLUSIVE

Margin squeeze puts F&B players in a spot over food delivery demand

FOOD delivery looks set to become a more permanent source of revenue for food and...

PUBLISHED Jan 14, 2021 05:50 AM
BT EXCLUSIVE

Wave of regional buyers expected to land on Sentosa Cove

THE sales momentum for bungalows in the waterfront housing district of Sentosa Cove is...

PUBLISHED Jan 14, 2021 05:50 AM
BT LIFESTYLE

Arty experiences online and offline

GET on a bus and peer at art works displayed on bus stops along the way. Or hop on an...

PUBLISHED Jan 14, 2021 05:50 AM
VIRUS OUTBREAK: MALAYSIA MCO

Singapore, Malaysia committed to free flow of goods

SINGAPORE and Malaysia have a shared commitment to keep supplies flowing in from...

PUBLISHED Jan 14, 2021 05:50 AM

DuPont's new plant helps boost Singapore as regional chemicals hub

US chemical giant DuPont has built a new enzyme-blending factory in Singapore, giving...

PUBLISHED Jan 14, 2021 05:50 AM
TECH PLAYS

Singapore's Sea acquires Indonesian bank to gain foothold in financial tech

SINGAPORE'S Sea, the tech startup that's become South-east Asia's most valuable...

PUBLISHED Jan 14, 2021 05:50 AM
TECH PLAYS

CCCS reiterates rules to Grab and Gojek after Uber's S$6.58m fine is upheld

THE Competition Appeal Board (CAB) has dismissed Uber's appeal against the finding...

PUBLISHED Jan 14, 2021 05:50 AM

Singapore's HSA to vet Sinovac vaccine before public roll-out

A CORONAVIRUS vaccine developed by China's Sinovac Biotech will have to go through...

PUBLISHED Jan 14, 2021 05:50 AM
SINGAPORE PROPERTY

Despite pandemic, total 2020 new home sales may match 2019's

THE total of new private homes sold in 2020 hit about 10,000 in a year when Singapore...

PUBLISHED Jan 14, 2021 05:50 AM
SINGAPORE PROPERTY

China parties lead foreign buyers of Sentosa Cove villas

BUYERS from China were the biggest group of foreigners who bought villas in Sentosa...

PUBLISHED Jan 14, 2021 05:50 AM

Port of Singapore container throughput dips 0.9% in 2020

SHIPPING containers with a volume of 36.9 million twenty-foot equivalent units (TEUs)...

PUBLISHED Jan 14, 2021 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

AEM's bid for CEI cements its M&A strategy to extend industry leadership

IN WHAT could end up being its largest acquisition to date, AEM Holdings' S$99.7...

PUBLISHED Jan 14, 2021 05:50 AM

Novo Tellus to take controlling stake in Grand Venture Tech via placement, vendor share sale

PRIVATE equity fund Novo Tellus PE Fund 2 is set to take a 29.6 per cent stake in...

PUBLISHED Jan 14, 2021 05:50 AM

Companies with better social practices earn higher returns: report

MARKET returns are stronger for companies with better social practices, and the...

PUBLISHED Jan 14, 2021 05:50 AM

GL posts H1 net loss of US$19.8m on British hotel closures

MAINBOARD-LISTED hotel operator GL sank into the red in its first half-year, as the...

PUBLISHED Jan 14, 2021 05:50 AM
BROKERS' TAKE

AmBank, CGS-CIMB 'neutral' on glovemaking sector

AMINVESTMENT Bank (AmBank) has maintained its "neutral" stance on the glove sector,...

PUBLISHED Jan 14, 2021 05:50 AM

Aspen says glovemaking unit secured US$100m in sales for 2021

ASPEN Holdings on Wednesday said its newly-established glovemaking venture has agreed...

PUBLISHED Jan 14, 2021 05:50 AM

SGX names ING's Herry Cho new head of sustainability and sustainable finance

THE Singapore Exchange (SGX) has appointed Herry Cho as managing director, head of...

PUBLISHED Jan 14, 2021 05:50 AM

SPH Reit Q1 DPU down 13%; gross revenue up 10.8 per cent

SPH Reit has declared a first-quarter distribution per unit (DPU) of 1.2 Singapore...

PUBLISHED Jan 14, 2021 05:50 AM
STOCKS

STI reverses 2-day losses to end flat, despite Wall Street gains overnight

THE benchmark Straits Times Index (STI) ended its two-day losing streak to close flat...

PUBLISHED Jan 14, 2021 05:50 AM
CURRENCIES

Sterling hits 7-week high against euro

STERLING hit a seven-week high against the euro on Wednesday, building on gains during...

PUBLISHED Jan 14, 2021 05:50 AM

REAL ESTATE

Conservation shophouses in Tanjong Pagar and Outram Park up for sale

SEVERAL shophouses located in Tanjong Pagar and Outram Park have been put on the...

PUBLISHED Jan 14, 2021 05:50 AM

HDB rolls out one-stop portal that lists new flats up for sale

THE Housing and Development Board (HDB) has launched a new portal to make it easier to...

PUBLISHED Jan 14, 2021 05:50 AM

San Francisco office vacancy rate eclipses 2008 financial-crisis high: Cushman

SAN Francisco's office market is being hit so hard by the pandemic that, by some...

PUBLISHED Jan 14, 2021 05:50 AM

US home prices ease in sign pandemic rally may cool this year

THE pandemic housing market rally, a bright spot for the US economy, may already have...

PUBLISHED Jan 14, 2021 05:50 AM

Returning to office with confidence: Siemens turns to technology

HOW can technology help companies worldwide return to work safely when lockdown ends...

PUBLISHED Jan 14, 2021 05:50 AM

Washington's Wardman Park hotel driven into bankruptcy by virus

THE owner of the historic Marriott Wardman Park hotel in Washington filed for...

PUBLISHED Jan 14, 2021 05:50 AM

BANKING & FINANCE

Global banks warn of market chaos if court abolishes Libor

SOME of the world's biggest banks are urging a US judge not to immediately terminate...

PUBLISHED Jan 14, 2021 05:50 AM

Citi's Asia consumer banking head returns to US in leadership shuffle

CITI will soon appoint a new regional consumer banking head for Asia-Pacific and...

PUBLISHED Jan 14, 2021 05:50 AM

Vietnam e-wallet MoMo raises around US$100m, eyes IPO

VIETNAM'S biggest e-wallet company MoMo has raised at least US$100 million from six...

PUBLISHED Jan 14, 2021 05:50 AM

GIC-backed lender Affirm prices IPO above range to raise US$1.2b

AFFIRM Holdings, which provides installment loans to online shoppers, priced its US...

PUBLISHED Jan 14, 2021 05:50 AM

ENERGY & COMMODITIES

Oil prices rally further after crude stocks fall more than expected

OIL prices were higher on Wednesday, with US crude gaining for the seventh straight...

PUBLISHED Jan 14, 2021 05:50 AM

TECHNOLOGY

WhatsApp stresses privacy as users flock to rivals

WHATSAPP on Tuesday reassured users about privacy at the Facebook-owned messaging...

PUBLISHED Jan 14, 2021 05:50 AM

Amazon starts 89 rupee-a-month mobile video plan to target India's millions

AMAZON.COM is starting its first mobile-only Prime Video plan, targeting the hundreds...

PUBLISHED Jan 14, 2021 05:50 AM

YouTube removes Trump content, blocks new uploads for a week

YOUTUBE removed new content from US President Donald Trump's channel, citing concerns...

PUBLISHED Jan 14, 2021 05:50 AM

'Uncle Roger' comedian ignites China censorship row with deleted video

A UK-BASED comedian has sparked a censorship row after he apologised to Chinese fans...

PUBLISHED Jan 14, 2021 05:50 AM

CONSUMER

Brexit deal may actually mean less British cod for fish & chips

SCOTTISH fisherman Peter Bruce hoped Brexit would allow him to catch more cod, one of...

PUBLISHED Jan 14, 2021 05:50 AM

Canada's Circle K owner in talks to buy France's Carrefour

ALIMENTATION Couche-Tard Inc, the convenience-store giant that owns the Circle K chain...

PUBLISHED Jan 14, 2021 05:50 AM

Australian scientists suggest delaying AstraZeneca vaccine as infections fall

SOME Australian scientists have proposed delaying mass inoculation using AstraZeneca's...

PUBLISHED Jan 14, 2021 05:50 AM

TRANSPORT

Renault CEO to unveil plan to dig French carmaker out of a rut

SIX months after taking the top job at Renault SA, Luca de Meo will on Thursday unveil...

PUBLISHED Jan 14, 2021 05:50 AM

China auto sales head for recovery this year

CHINA'S vehicle sales fell for a third consecutive year in 2020, but sales continued...

PUBLISHED Jan 14, 2021 05:50 AM

Global investors call for end to crisis involving marooned seafarers

A GROUP of leading investors on Wednesday called for an end to a crisis involving...

PUBLISHED Jan 14, 2021 05:50 AM

GOVERNMENT & ECONOMY

LATEST US DATA

US core consumer price index up marginally in December

A KEY measure of prices paid by US consumers cooled in December from a month earlier...

PUBLISHED Jan 14, 2021 05:50 AM

Indonesia launches massive Covid vaccination drive

INDONESIA launched one of the world's biggest Covid-19 vaccination campaigns on...

PUBLISHED Jan 14, 2021 05:50 AM

Japan extends state of emergency to 7 more prefectures

JAPAN extended a state of emergency declared for the Tokyo area last week to seven...

PUBLISHED Jan 14, 2021 05:50 AM

China to import more Indonesian products

CHINA would import more Indonesian products and increase investment in South-east Asia...

PUBLISHED Jan 14, 2021 05:50 AM

Lagarde confident of eurozone's 2021 outlook despite virus surge

EUROPEAN Central Bank president Christine Lagarde said Wednesday that she remained...

PUBLISHED Jan 14, 2021 05:50 AM

LIFE & CULTURE

How Vogue's Kamala Harris cover created an uproar

IN light of all that is going on in Washington, DC, the photo of Vice President-elect'...

PUBLISHED Jan 14, 2021 05:50 AM

Sally Rooney to publish new novel

A LITTLE more than two years ago, novelist Sally Rooney seemed poised to take a well-...

PUBLISHED Jan 14, 2021 05:50 AM

Australians head to sea cliffs for rope jumping

AUSTRALIA'S adventure sport enthusiasts are joining the ranks of those heading to the...

PUBLISHED Jan 14, 2021 05:50 AM

OPINION

New Vietnamese leaders will face twin challenges

A NEW political leadership to be installed in Vietnam this month is facing the twin...

PUBLISHED Jan 14, 2021 05:50 AM
THE BOTTOM LINE

US companies are aghast at Trump, but for how long?

IN February 2018, the chief executive of one of America's best known multinationals...

PUBLISHED Jan 14, 2021 05:50 AM
EDITORIAL

Malaysian PM has one last shot to control worsening Covid-19 pandemic

MALAYSIA declared a national emergency on Tuesday to curb the worsening Covid-19...

PUBLISHED Jan 14, 2021 05:50 AM

Four emerging technology trends in 2021

AS we venture into 2021, organisations will be looking for ways to recover from the...

PUBLISHED Jan 14, 2021 05:50 AM

WhatsApp with consent: Are you informed?

ONLINE debates have been sparked upon the realisation that "authorised police officers...

PUBLISHED Jan 14, 2021 05:50 AM

Biden must adopt multilateral tactics for China policy

AS recently as five years ago, there was a vigorous debate in Washington regarding US...

PUBLISHED Jan 14, 2021 05:50 AM
LETTER TO THE EDITOR

Is it time to have a central depository for cash?

I REFER to the Wealth & Investing commentary by Ferlyn Tan headlined "The long-...

PUBLISHED Jan 14, 2021 05:50 AM

BREAKING NEWS

Jan 16, 2021 02:42 PM

US CDC warns new virus variant could fuel huge spikes in Covid cases

[NEW YORK] Federal health officials warned on Friday that a far more contagious variant of the coronavirus first...

Jan 16, 2021 02:34 PM

Hong Kong government slams US for 'insane' sanctions

[HONG KONG] Hong Kong on Saturday hit back at the United States over its latest sanctions on six pro-China officials...

Jan 16, 2021 02:29 PM

Two Covid-19 cases on Australian Open flight, arrivals to quarantine

[MELBOURNE] Two coronavirus infections were reported on Saturday on a flight to the Australian Open, forcing two...

Jan 16, 2021 02:14 PM

Credit card firm Capital One fined for violating US anti-money laundering law

[BENGALURU] Credit card firm Capital One Financial Corp has been fined US$390 million for engaging in what the US...

Jan 16, 2021 02:11 PM

Malaysia takes WTO legal action against EU over palm biofuel curbs

[KUALA LUMPUR] Malaysia is taking legal action at the global trade watchdog against the European Union and member...

Jan 16, 2021 01:47 PM

WhatsApp to delay launch of update business features after privacy backlash

[SAN FRANCISCO] Facebook's WhatsApp is delaying an update aimed at increasing business transactions on the platform...