VIRUS OUTBREAK: AIRLINES

SIA pilots taking deeper pay cuts to avert layoffs

SINGAPORE Airlines' (SIA) local pilots will take additional pay cuts to stave off lay-offs as the carrier restructures to rightsize its operations.

PROPERTY UPSWING

Recession? 2020 new home sales could top 2019's

DESPITE economic headwinds and the Hungry Ghost Festival, developers in Singapore sold 1,256 private homes in August, 16 per cent higher than July's take-up.

New home sales in Singapore for August surprise with 16% rise m-o-m

DESPITE economic headwinds and the Hungry Ghost Festival, developers in Singapore sold 1,256 private homes in August, 16 per cent higher than July's take-up.

VIRUS OUTBREAK: JOBS IMPACT

Retrenchments commence at SIA; airline and pilots union still in talks

SINGAPORE Airlines (SIA) and the pilots union remain in talks over lay-offs as the parent airline began its retrenchment exercise on Monday.

Airlines, devastated

As the pandemic spread across the globe in the first half of the year and countries imposed tight border controls, travel demand evaporated.

TOPLINE

Chasen capitalises on emerging trends

EVEN as Covid-19 fuels economic headwinds, Chasen Holdings is capitalising on emerging trends to drum up business for certain business segments.

VIRUS OUTBREAK: JOBS IMPACT

SIA to eliminate 4,300 positions

BATTERED by the pandemic, Singapore Airlines (SIA) will cull 4,300 positions as a slower-than-expected recovery in travel demand forces the airline group to restructure to face a new normal.

SIA to cut 4,300 positions across the group

REELING from the impact of the pandemic, the Singapore Airlines (SIA) Group is shedding 4,300 jobs as it seeks to right-size its airlines for a post-Covid world.

Penrose condo's early-bird prices start from S$788,000 this weekend

A 99-YEAR leasehold condominium jointly developed by Hong Leong Holdings and City Developments Limited will begin previews by appointment from Sept 12, Hong Leong Group said in a statement on Wednesday.

HOCK LOCK SIEW

Growing non-aviation revenue streams will be key for Sats in near to mid-term

AS THE pandemic brought the travel industry to a screeching halt in H1 2020, the International Air Transport Association (Iata) was hopeful that international travel would start picking up again by the second half of the year.

S$20m scheme to help Singapore built environment firms go digital

THE government is setting aside up to S$20 million to help firms in the built environment sector implement digital solutions to restart work safely amid the pandemic.

S$20m scheme to help Singapore's built-environment sector adopt digital solutions

THE Singapore government will set aside S$20 million to help companies in the built environment sector implement digital solutions to keep worksites and employees safe, said Minister for National Development, Desmond Lee, on Tuesday.

Fragrance Group buys back some notes due 2021

FRAGRANCE Group has repurchased S$500,000 in notes due April 2021, which represent 0.4 per cent of the aggregate principal amount of the outstanding notes.

Yanlord JV clinches site in Shanghai Pudong New District for 4.5b yuan

A JOINT venture (JV) of Yanlord Land Group has acquired a low-density prime residential development site in Kangqiao, Pudong New District of Shanghai for 4.5 billion yuan (S$0.89 billion).

KrisEnergy makes changes to restructuring proposal

UPSTREAM oil and gas company KrisEnergy has made changes to its restructuring proposal, it said in a filing to the Singapore Exchange on Friday.

KrisEnergy revises restructuring proposal

UPSTREAM oil and gas company KrisEnergy has made changes to its restructuring proposal, it said in a filing to the Singapore Exchange (SGX) on Friday.

Fragrance Group buys back some notes due 2021

FRAGRANCE Group has repurchased S$500,000 in notes due April 2021, which represent 0.4 per cent of the aggregate principal amount of the outstanding notes.

Yanlord JV acquires residential development site in Shanghai

A JOINT venture of Yanlord Land Group has acquired a low-density prime residential development site in Kangqiao, Pudong New District of Shanghai for 4.5 billion yuan (S$0.89 billion).

Jump in VicPlas' share price prompts another query from SGX

VICPLAS International has been queried by the Singapore Exchange (SGX) for unusual price movements in its shares for the second time this month after the counter rose sharply in trading on Friday.

SIA has used S$4.4b of funds raised in recent rights issue

SINGAPORE Airlines (SIA) has used S$4.4 billion - or half - of the S$8.8 billion that it raised during the rights issue in June, although some of those funds were used to repay a bridge loan for expenses incurred earlier in the year.

Asian Micro Holdings reports lower losses in FY20

ASIAN Micro Holdings' net loss for the 12 months ended June 30, 2020 narrowed to S$210,000, from S$886,000 a year ago.

Secura Group subsidiary suspended from SkillsFuture Singapore Agency funding schemes for a year

SECURA Group's subsidiary, Secura Training Academy (STA), has been suspended from all funding schemes administered by the SkillsFuture Singapore Agency (SSG) for a year due to breaches.

Singapore Airlines has spent half of the S$8.8 billion raised in rights issue

SINGAPORE Airlines (SIA) has used S$4.4 billion, or half, of the S$8.8 billion that it has raised during the rights issue in June, it said in an update.

Sabana Reit minority shareholders await MAS, SGX guidance on ESR-Reit merger

QUARZ Capital Management said on Wednesday that it, together with other minority shareholders, looks forward to receiving guidance and support from the Monetary Authority of Singapore (MAS) and the Singapore Exchange Regulation (SGX Regco) on the proposed merger between Sabana Shari'ah Compliant...

VIRUS OUTBREAK

Millennium Hotels and Resorts cuts 159 more jobs

AS THE pandemic hobbles the global tourism industry, Millennium Hotels and Resorts (MHR) cut 159 jobs - or about 15 per cent of its Singapore-based workforce - on Wednesday, following earlier reductions in its foreign worker headcount over the course of this year.