Taskforce to explore other options to facilitate inbound travellers: Ong Ye Kung

THE multi-ministry taskforce will explore "other practical schemes" to welcome travellers from countries with higher infection rates but are "economically important" to Singapore, said Transport Minister Ong Ye Kung in his ministerial statement on Tuesday.

Testing capacity, control of virus spread key to restoring aviation links: Ong Ye Kung

INCREASED testing capacity and advancements in testing technology could replace border closures and stay-home notices - which are big deterrents for travel - on a selective basis, said Transport Minister Ong Ye Kung in Parliament on Tuesday.

Phillip SGD money market ETF debuts on SGX with initial AUM of S$100m

THE first Singapore-domiciled money market exchange-traded fund (ETF) started trading on the Singapore bourse on Monday with S$100 million in initial assets under management.

SGX shares guide and best practices on algorithmic trading

THE Singapore Exchange Regulation (SGX RegCo) on Friday launched its first algorithmic trading regulatory guide to share with its member firms some of the "best practices and observations made" surrounding this means of trading, in hopes of preventing algorithmic traders from disrupting the...

Singapore stocks lose 2.7% of value in September; STI sees another monthly decline

THE market capitalisation of Singapore-listed stocks fell 2.7 per cent month-on-month (m-o-m) in September - to S$739.9 billion - weighed down by Catalist-listed counters.

PROPERTY DEMAND

Private home purchases at odds with headline economic toll

THE Covid-19 pandemic has brought about grim news of job retrenchments, wage cuts and a recession - and yet, the property market seems abuzz with activity, with demand for private residential homes on the rise.

New Tuas Nexus facility can be poster child for regional foray into waste and water treatment

THE construction of the new Tuas Nexus facility may very well open doors for companies involved in the development to carry out similar projects elsewhere in the region, as interest for such integrated facilities start to gain traction, said industry experts The Business Times spoke to.

ERA Singapore sells house in eight minutes at its first virtual property auction

REAL estate agency ERA Singapore sold a two-and-a-half storey semi-detached house for S$3.4 million in eight minutes at its first virtual property auction on Monday.

TOPLINE

Singtel unit NCS eyes regional growth

AMID the Covid-19 pandemic, information, communications and technology (ICT) service provider NCS is one of the few lucky firms whose operations have been left largely unscathed. In fact, with the acceleration of digitalisation in the current climate working in its favour, the company is eyeing...

Tritech responds to SGX's queries about its sanitiser and cleaning product

IN RESPONSE to queries from the Singapore Exchange (SGX) regarding its newly developed sanitiser and cleaning product, Tritech Group on Tuesday said it had written to three government public-health agencies to obtain their approval and clearance for the manufacture and sale of the product.

Tritech responds to SGX's queries over its sanitiser and cleaning product

IN RESPONSE to queries from the Singapore Exchange (SGX) regarding its newly developed sanitiser and cleaning product, Tritech Group on Tuesday said it had written to three government public-health agencies to obtain their approval and clearance for the manufacture and sale of the product.

VIRTUAL AGMS

Virtual AGMs leave shareholders wanting the real thing

SINCE virtual annual general meetings (AGMs) became the new normal, companies and shareholders alike agree that the lack of "human touch" may not bode well for both parties in the long run.

HSA rejects claim it had approved Tritech's cleaning product

THE Health Sciences Authority (HSA) on Friday told The Business Times that it had, in fact, not approved the manufacture and sales of Tritech Group's newly developed cleaning product.

Firms not surprised by S$10b cut in forecast for construction demand

CONSTRUCTION firms say they are not surprised that the Building and Construction Authority (BCA) has lowered its forecast for this year's projected construction demand by S$10 billion, given the slow recovery in the sector since resuming operations.

BCA cuts 2020 forecast for projected construction demand by S$10b

THE Building and Construction Authority (BCA) on Thursday said it has reduced its forecast for this year's projected construction demand by S$10 billion from its earlier January forecast.

BOARD DIVERSITY

Singtel, SGX, MCT lead new index on board diversity

SINGTEL, the Singapore Exchange (SGX) and Mapletree Commercial Trust have emerged in the overall top three places in a newly launched Singapore Board Diversity Index.

Azure-Lyte Fund finances tech startup aiming to transform the freelance ecosystem

AN issue that freelancers may often face would be the uncertainty of when they will receive their next pay cheque.

Accordia Golf Trust unitholders vote in favour of proposed divestment and winding up

UNITHOLDERS of Accordia Golf Trust (AGT) on Monday voted overwhelmingly in favour for the proposed divestment of AGT's interests in all its golf courses to its sponsor, Accordia Golf.

ESR and Sabana respond to questions from Sias over proposed merger

THE Securities Investors Association (Singapore), or Sias, said in a statement on Thursday that it had conducted a dialogue with the managers of Sabana Shari'ah Compliant Real Estate Investment Trust (Sabana Reit) and ESR-Reit, to address questions from Sias over their proposed merger.

Singtel to pace out investment for 5G technology, unveils 5G-powered pop-up store

SINGTEL is pacing its investment for 5G deployment, and is on track to roll out its 5G network coverage to half the island in two years' time and nationwide by 2025, said Yuen Kuan Moon, Singtel's chief executive for its Singapore consumer operations, on Wednesday.

Sembmarine carve-out should make Sembcorp attractive versus peers

SHARES of Sembcorp Industries (SCI) begin trading excluding their entitlements on Wednesday. As Sembcorp Marine (SMM) shares had closed at S$0.193 on Tuesday, SCI's stock could reasonably be expected to fall from their close at S$1.91 the same day.

Brokers' take: DBS, UOBKH deem CapitaLand Reits' merger attractive

THE proposed union of CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) offers an opportunity for their unitholders to ride on the benefit of a bigger vehicle post-merger, said DBS Group Research.

TECH STOCKS

5G deployment, cloud computing to drive Asian technology sector: Credit Suisse

THE Asian technology sector should stay resilient amid the Covid-19 pandemic and see a more robust recovery next year, led by accelerating 5G deployments, increased adoption of cloud computing and a broader economic recovery, said Credit Suisse analysts.

Frasers Centrepoint Trust's proposed acquisition of AsiaRetail Fund comes as suburban malls show resilience

FRASERS Centrepoint Trust's (FCT) proposed acquisition of the rest of AsiaRetail Fund (ARF) will boost the real estate investment trust (Reit)'s suburban portfolio even as suburban malls are expected to recover more strongly from the negative impact of Covid-19 than their centrally located peers...

Broker's take: CGS-CIMB positive on FCT's AsiaRetail Fund, Bedok Point deals

TO account for Frasers Centrepoint Trust's (FCT) proposed AsiaRetail Fund stake purchase (ARF) as well as its potential sale of Bedok Point, CGS-CIMB has upped its target price on the counter to S$2.83, from S$2.78 previously.