Tough road ahead for Singtel, even with help from associates

WITH the Covid-19 bug still at large, the worst may yet lie ahead for Singtel's key regional associates - and for Singtel's shareholders.

Owe money, pay later, with telco bill relief

EVEN as the two-month "circuit breaker" draws to its close, some businesses and consumers are struggling to pay their telecoms bills on time.

Singtel Q4 profit falls 25.7% to S$574m

SINGAPORE Telecommunications (Singtel) posted a 25.7 per cent drop in net profit to S$574.4 million for its fourth quarter ended March 31, 2020 from S$773 million a year ago.

LABOUR RESTRUCTURING

National Jobs Council could drive a rethink of Singapore's skills and labour profile

THE National Jobs Council will help Singapore sharpen workforce planning in a post-coronavirus world, observers told The Business Times.

Pharma lifts Q1 but Q2 will be painful; full-year GDP to dip up to 7%

THE economic hit from the deadly novel coronavirus will likely be at its worst in the second quarter, according to forecasts from the Ministry of Trade and Industry (MTI) on Tuesday.

SINGAPORE FORTITUDE BUDGET 2020: SAFEGUARDING JOBS

Tharman to head new National Jobs Council

SINGAPORE will set up a National Jobs Council with Senior Minister Tharman Shanmugaratnam at its helm, to oversee the S$2 billion SGUnited Jobs and Skills Package.

Fortitude Budget could help to deal with expected rise in retrenchments: MOM official

SINGAPORE could roll out the fiscal big guns to save workers later on Tuesday, amid a souring manpower outlook, as officials gird their loins for higher unemployment.

Singapore recession forecast for 2020 worsens to between -4% and -7%

THE Singapore economy is staring at a much deeper recession than earlier forecast, with gross domestic product (GDP) projected to shrink by between 7 per cent and 4 per cent this year.

BEYOND COVID-19: LABOUR RESTRUCTURING

Doing business without new foreign workers could become the new normal

SINGAPORE has tried both the carrot and the stick to wean companies off over-reliance on foreign labour, but the novel coronavirus might just be the final straw for employers.

VIRUS OUTBREAK

Who will do the dirty, intensive jobs that Singaporeans shun?

DESPITE sweeteners such as overseas work opportunities and higher pay, some jobs are persistently shunned by locals for being too dirty or intensive.

StarHub cybersecurity unit has promising start; working towards full-year profitability

MAINBOARD-LISTED StarHub is working to grow its cyber security arm's top and bottom lines, after Ensign InfoSecurity turned its first quarterly profit in the three months to March 31.

StarHub 'serious' on getting fledgling cybersecurity unit into the black: CEO

MAINBOARD-LISTED StarHub is working to grow its cybersecurity arm's top and bottom lines, after Ensign InfoSecurity turned its first quarterly profit in the three months to March 31, investors were told.

Rolls-Royce 'working out' how job cuts will hit its 1,300 Singapore staff

ROLLS-ROYCE is still working on the details of how global job cuts will affect its workforce and operations in Singapore, the aviation engineering giant's regional office said in response to queries from The Business Times on Thursday.

Asean business group calls for coordinated public-private response to Covid-19

ASEAN should set up a high-level special commission for the private and public sectors to respond to the novel coronavirus pandemic together, a regional business group has declared.

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 on Wednesday, after plans were unveiled to exit a two-month quasi-lockdown on June 2.

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

LOW-WAGE workers and freelancers in the gig economy have been identified as vulnerable groups in the labour market, as the spectre of unemployment looms over Singapore.

VIRUS OUTBREAK

Delayed reopening for retail, F&B: New help package on the way

MANUFACTURING and professional-services workplaces are among those allowed to re-open under the first phase of the lifting of circuit-breaker measures on June 2, even as another package of support for firms and individuals will be unveiled next week.

DEBT DEALS

Firms in Indonesia opt for debt over equity fundraising

THE true action in Indonesia these days lies in the debt capital markets, as a double-digit number of public listings in the first four months of 2020 came alongside a year-on-year fall in the amount of equity funds raised.

Firms in Indonesia opting for debt over equity fundraising

THE true action in Indonesia still lies in the debt capital markets, as a double-digit number of public listings in the first four months of 2020 masked a year-on-year fall in the amount of equity funds raised.

BT EXCLUSIVE: VIRUS OUTBREAK

Business outlook falls below 2008 crisis level to record low: poll

SINGAPORE companies saw their worst levels of business since the Asian financial crisis in the first three months of the year, as the deadly novel coronavirus pandemic forced the economy into hibernation.

Sembcorp redeeming S$200m of 3.7% perpetual securities

MAINBOARD-LISTED Sembcorp Industries is redeeming a S$200 million tranche of perpetual securities at its first call date, the utilities group said in a bourse filing on Friday.

OUE Q1 jumps to S$87.1 million on US$ currency gains, higher gains on investments

MAINBOARD-LISTED property group OUE's first-quarter earnings swelled with help from currency gains on the greenback and higher mark-to-market fair-value gains on certain investments, it said in an interim business update on Friday.

VIRUS OUTBREAK: BT EXCLUSIVE

Regulator to keep pandemic shock in mind as it monitors NetLink service delay

SINGAPORE'S telecoms regulator is keeping an eye on the performance of NetLink Trust, whose fibre service delivery has been hobbled for weeks amid the coronavirus outbreak.

Singapore Medical Group halves final dividend to conserve cash amid Covid-19 pandemic

CATALIST-LISTED Singapore Medical Group has halved the final dividend that the board had proposed in February, citing a need to save cash amid the corona-virus pandemic.

No Signboard Q2 losses widen to S$2.4 million

CATALIST-LISTED food and beverage group No Signboard Holdings saw losses balloon in the second quarter, which it blamed in part on the impact of the coronavirus pandemic.