Firms to improve credit assessment as more consumers struggle with credit card bills

ABOUT seven out of 10 consumer-facing businesses in Singapore plan to step up their digital capabilities for assessing customer creditworthiness in the next 12 months as more consumers face problems paying their online credit card bills amid the Covid-19 pandemic.

Eagle Hospitality Trust issues demand to some master lessees to pay rent or vacate

EAGLE Hospitality Trust (EHT) has served "pay/perform or quit" statutory notices to its master lessees in US states which have those requirements.

LCT Holdings co-founder seeks to take it private in S$21m deal

DU Junhong, a co-founder of mainboard-listed LCT Holdings, has offered to take the property investment company private in a move that values it at some S$21 million.

LHN unit buys Balestier property for S$18.1m under plans for co-living business

LHN Limited, through its indirect wholly-owned subsidiary Coliwoo Balestier, will buy a property in Balestier for S$18.1 million, which it intends to operate as a co-living space.

Secura unit wins S$10.7m security services contract

SOVERUS Pte Ltd, a wholly-owned subsidiary of Catalist-listed Secura Group has secured a S$10.7 million contract to provide unarmed security services to a Singapore multinational conglomerate.

Facebook Singapore to give S$4.75m in grants to small businesses hit by Covid-19

FACEBOOK Singapore has set aside about S$4.75 million which it will give as grants to local small businesses affected by the coronavirus pandemic.

LCT Holdings co-founder seeks to take it private in S$21m deal

DU Junhong, a co-founder of mainboard-listed LCT Holdings, has offered to take the company private in a move that values it at some S$21 million.

SIA laying off cadet pilots, cabin crew trainees

SINGAPORE Airlines (SIA) is laying off its cadet pilots and cabin crew trainees as part of the 2,400 staff it is letting go in Singapore and abroad, under the national carrier's retrenchment exercise.

Axington says late update on Dorr's latest shareholding is an 'administrative oversight'

AXINGTON on Tuesday disclosed controlling shareholder Dorr Global Healthcare's latest shareholding following recent placements, and said the late disclosure was due to "administrative oversight".

Hiap Seng Engineering and unit to go under judicial management

MAINBOARD-listed Hiap Seng Engineering and its subsidiary, HS Compression & Process (HSCP), will be placed under judicial management.

Keppel Corp unit in joint venture to develop customer reward programme

KEPPEL Corporation, through its unit Kepventure, has entered a joint venture with Liquid Group, a Singapore-based QR payment services provider, to develop and implement a customer reward programme for Keppel Group entities.

SIA axes flights to Canberra, Dusseldorf, Stockholm and Wellington for good

SINGAPORE Airlines (SIA) will permanently suspend services to Canberra, Dusseldorf, Stockholm and Wellington under a review of its network amid the coronavirus crisis.

BT EXCLUSIVE

Huntington-Paprika merger a 'marriage of equals'

SINGAPOREAN public relations (PR) firm Huntington Communications and creative agency Paprika Global have merged and rebranded, against the backdrop of an industry that's seen consolidation in recent years and is now being hit by the coronavirus crisis.

Local firms seek new markets amid Covid-19, but change tack

THE novel coronavirus pandemic has not stopped Singaporean firms from expanding overseas as they seek new markets to make up for weaker demand during this period.

Established businesses keep up with times by recognising trends

BEING a business with a long history can be a double-edged sword, according to entrepreneurs behind two established Singaporean firms.

SGTech starts fund to help SMEs in Singapore digitalise

TECH association SGTech has set up a fund to support Singapore's small and medium-sized enterprises (SMEs) in their digitalisation efforts.

VIRUS OUTBREAK

Alcohol-free karaoke outlets among proposals to help nightlife players reopen

THE government is reviewing suggestions from nightlife and entertainment operators to support the industry - one of the earliest to close when the coronavirus broke out in Singapore - and help it resume business.

Employment outlook for Q4 worsens among firms in Singapore

EMPLOYMENT expectations among businesses in Singapore have taken a turn for the worse for the last quarter of this year, while the overall business sentiment remains downbeat.

BT EXCLUSIVE

Government reviewing Singapore nightlife operators' suggestions to help industry restart

THE government is reviewing suggestions from nightlife and entertainment operators to support the industry - one of the earliest to close when the coronavirus broke out in Singapore - and help it resume business.

Employment expectations for Q4 worsen among businesses in Singapore

EMPLOYMENT expectations among businesses in Singapore have taken a turn for the worse for the last quarter of this year, while the overall business sentiment remains downbeat.

Mall operator Frasers to launch e-commerce marketplace in Oct

MALL operator Frasers Property Retail will launch a new e-commerce marketplace in Singapore next month, allowing tenants to reach potentially more than 800,000 shoppers online amid the coronavirus pandemic.

JOBS DEBATE

Wrong time to push for progressive wage model in F&B, retail: employers

IT is bad timing to call on businesses in the retail and food and beverage (F&B) sectors to adopt the progressive wage model (PWM) when many of them are still struggling to survive the Covid-19 pandemic.

Jewellery retailer By Invite Only acquires The Mindful Company

SINGAPOREAN jewellery retailer By Invite Only has acquired fellow local jewellery brand The Mindful Company, which closed down earlier this year after five years in business.

JOBS DEBATE

Singapore businesses alarmed by growing protectionist calls

BUSINESSES are growing wary of what may seem like protectionist suggestions to keep the Singaporean core in professionals, managers and executives (PMEs) jobs, which some say could backfire in the broader scheme of things.

BT EXCLUSIVE

New firms crop up in F&B sector during H1 despite Covid-19

THE local food and beverage (F&B) sector continued to draw entrepreneurs in the first half of this year despite being buffeted by the Covid-19 pandemic.