Exposure to coronavirus disruption low for majority of APAC infrastructure companies

Of the nearly 200 rated infrastructure issuers in Asia-Pacific, 68 per cent have low exposure to disruption from the coronavirus, 23 per cent have moderate exposure, and 9 per cent have high exposure said Moody's Investors Service in a sector comment released on Thursday. 

Structural transformations more important than ever for ASEAN: AMRO

ASEAN+3 growth is expected to reduce sharply to 2 per cent in 2020, followed by a strong rebound to 5.5 per cent in 2021, said ASEAN+3 Macroeconomic Research Office (AMRO) on Tuesday, with the launch of its annual flagship report. 

SOLIDARITY BUDGET

S$600 one-off payout for all adult Singaporeans

ALL adult Singaporeans will receive a one-off Solidarity Payment of S$600 in cash, said Deputy Prime Minister Heng Swee Keat on Monday, even as he urged those who do not need the cash to donate it to charities or directly share it with others.

Stronger coordination, skills and transparency needed to elevate sustainable projects in Asean: SIIA

Southeast Asia needs stronger coordination, skills and transparency in elevating sustainable projects to investors, said a report on financing sustainable infrastructure in ASEAN which was published by the Singapore Institute of International Affairs (SIIA). 

VIRUS OUTBREAK: NEWS ANALYSIS

Time to give Singapore's fair tenancy framework legislative bite

FIVE years after a committee under the Singapore Business Federation (SBF) came up with guidelines aimed at halting unfair leasing practices and months after we first heard of Covid-19, which then was known under a different name, concrete steps are finally being taken to right the perceived...

Furniture retail 2.0

WHILE most other comparable digital retailers may focus 90 per cent of their budget on marketing and 10 per cent on product development, home-grown furniture retailer Castlery does the reverse.

SINGAPORE RESILIENCE BUDGET 2020: HOUSEHOLD SUPPORT

Cash payouts a much-needed 'steroid jab'

THE various moves by the government to put cash back in the hands of individuals and households is a much-needed "steroid jab" to raise consumer confidence, said market watchers.

Urgency for Asean to realise the vision of the AEC and trade more with itself is greater than ever: EU-ABC

Underneath its rosy headline figures, Asean’s foreign direct investment (FDI) numbers suggest cause for concern, as the region continues to miss its own targets for regional economic integration and intra-Asean trade continues to lag warns the EU-Asean Business Council in its latest report.

VIRUS OUTBREAK

Covid-19: Call for bold measures in Singapore's second support package

THE government's second support package will need to bring out the big guns if Singapore wants to avert severe fallout from the novel coronavirus pandemic within the next few months, businesses, associations and consultants told The Business Times on Tuesday.

On the trail of the education holy grail

STUDENTS graduating from ChildFirst, like most other preschoolers, are required to put up a performance. Unlike most other preschoolers, they are also required to show off their coding chops, in the form of a robot dance.

Smooth sailing on shipping front - for now

FRENCH shipping group CMA CGM continues to see an upturn in its business in China, even as it remains braced for the second half of what its chief financial officer Michel Sirat terms a "W-shaped" recovery.

VIRUS OUTBREAK

Singapore government to help businesses affected by Malaysia lockdown

THE Singapore government is extending help to businesses affected by Malaysia's Movement Control Order even as it is trying to negotiate for flexibility to smoothen out the transition. This assistance includes financial support of S$50 a night per worker for 14 nights, for businesses who have...

MOM's focus is to prevent large-scale job losses: Josephine Teo

THE Ministry of Manpower's focus in the coming months is to prevent large-scale job losses, said Minister for Manpower Josephine Teo on Wednesday, even as she stressed that this does not represent a shift away from the ministry's mandate to promote job and wage growth in the medium to longer...

60% of Asia's HNW not planning for succession

More than half of Asia's high net worth are not actively planning for succession, citing different priorities or "no perceived need" for it while of those that are looking at succession planning, many cite a lack of variety as the top challenge when choosing the right products and services. 

Vietnam's e-commerce market to surpass US$17b in 2023: GlobalData

Vietnam's e-commerce market is projected to hit VND 399.5 trillion (US$17.3 billion) in 2023, from VND 218.3 trillion (US$9.4 billion) in 2019, according to a forecast from data and analytics company GlobalData. 

Solutions for sustainable healthcare financing in Asean

Despite a 250 per cent increase in healthcare expenditure across the Asean region, outcome measures such as life expectancy and Universal Health Coverage (UHC) index scores remain lower across the region than those of many developed nations.

BT EXCLUSIVE: SUPPLY CHAIN DISRUPTIONS

Outbound cargo rates soar as Covid-19 slashes airfreight capacity

OUTBOUND freight rates are skyrocketing on the back of weeks-long labour shortage and disruptions to logistics links that continue to dog operations in China, although there is still international air and ocean capacity, albeit much reduced from before, according to industry players.

SOCIAL SUPPORT

Enhanced support for retirement, inclusivity

THE government is helping seniors increase their retirement savings through the introduction of a Matched Retirement Savings Scheme and adjustments to the Basic Retirement Sum (BRS).

Care and Support Package worth S$1.6b to help households

AN S$1.6 billion Care and Support Package was unveiled to help Singaporeans with their household expenses in the light of the economic slowdown and uncertainties of the Covid-19 outbreak, said Deputy Prime Minister and Finance Minister Heng Swee Keat in his Budget speech on Tuesday.

Impact of coronavirus epidemic to have widespread spillovers to the region and rest of the world

The escalation of the virus outbreak and slowdown in China would result in a deduction of 0.2 percentage points from ASEAN+3 growth, said AMRO in a note on Wednesday.

Five SEA cities rank in JLL's Premium Office Rent tracker but rents remain reasonable: JLL

Five Southeast Asian cities rank in the world’s top 86 most expensive premium office rental markets, according to the fifth edition of JLL’s Premium Office Rent Tracker.

Electric serenade

TESLA Motors might be the name you think of when you think of electric cars today, but while the Californian electric car maker only began development on the Roadster in 2004, Kelvin Lim was already driving an electric car in 2001.

VIRUS OUTBREAK: SUPPLY CHAINS DISRUPTION

Companies will be hit harder by supply chains disruption than during Sars outbreak

THE impact of factory closures and cuts to transport links across China will have more far-reaching implications for businesses compared with the Severe Acute Respiratory Syndrome (Sars) epidemic of 2003, say market watchers, even as they stress that there are still too many questions...

VIRUS OUTBREAK: SUPPLY CHAINS DISRUPTION

Factories feeling the strain from supply and labour shortages

MANUFACTURING companies in Singapore are beginning to feel the strain from supply chain disruptions and labour shortages, as China enters its third month of grappling with the fallout from the novel coronavirus outbreak.

ASEAN BUSINESS

Vietnam has a booming e-commerce market, but what more can be done?

VIETNAM is the fastest-growing digital economy in the region, in large part due to investment inflow which is still on an unprecedented rise. Over the last four years, approximately US$1 billion in funding has poured into Vietnam's e-commerce sector, reaching a record high in 2019.