SIA directors opt not to subscribe for rights MCBs
MOST directors of Singapore Airlines (SIA) have chosen to let their rights mandatory convertible bon...
PUBLISHED Jun 01, 08:42 PM
Expenses incurred from working at home qualify for tax deductions
WORKERS working from home can claim deduction against employment income for charges such as electric...
PUBLISHED Jun 02, 05:50 AM
Temasek sold off NOL, so why save PIL?
TEMASEK Holdings decided against taking a long-term view with former flag carrier Neptune Orient Lin...
PUBLISHED Jun 01, 05:50 AM
Broker's take: DBS says Sembcorp 'too cheap to ignore', upgrades to 'buy'
DBS Group Research has upgraded Sembcorp Industries (SCI) to "buy" from "hold" with an unchanged tar...
PUBLISHED Jun 01, 02:13 PM
Hot stock: First Reit units sink 11% after news of Lippo Karawaci rental restructuring
FIRST Real Estate Investment Trust (First Reit) saw its unit price fall on Monday, after its former...
CIMB customers join forces to challenge bank on mortgage hike decision
MORE than 40 housing loan customers of CIMB Bank Singapore have joined forces to challenge the bank...
OCBC to trim salary credit bonus interest on 360 account from July 1
AMID a weakened interest rate environment and the challenging macro climate, OCBC will reduce the sa...
PUBLISHED Jun 01, 12:15 PM
First Reit says Lippo Karawaci has not approached it about lease restructuring
INDONESIAN real estate giant Lippo Karawaci (LPKR) plans to start discussions with First Real Estate...
Banks eye permanent telecommuting for some staff
MOST bankers will not be flocking back to their offices as Singapore eases out of its partial lockdo...
PUBLISHED Jun 02, 05:50 AM
Giving up MSCI licensing may hurt but SGX has more strings to its bow
THE rivalry between Singapore Exchange (SGX) and Hong Kong Exchange and Clearing (HKEx) has been cas...
PUBLISHED Jun 02, 05:50 AM
SIA directors opt to not subscribe for rights MCBs
MOST directors of Singapore Airlines (SIA) have chosen to let their rights mandatory convertible bon...
PUBLISHED Jun 02, 05:50 AM
Pandemic prompts manufacturers to rejig supply chains, operations
AS BUSINESS gradually resumes in the recovery phase of Singapore's pandemic response, manufacturers...
PUBLISHED Jun 02, 05:50 AM
Reit perp holders risk drops in coupon rate if issuers reset
AS analysts expect more Reit issuers of perpetual bonds to follow in Ascott Residence Trust's (ART)...
PUBLISHED Jun 02, 05:50 AM
First Reit units tumble 21.5% after Lippo says it cannot sustain rental support
UNITS of First Real Estate Investment Trust (Reit) were sold down on Monday, after its former parent...
PUBLISHED Jun 02, 05:50 AM
Broker's take: DBS upgrades ComfortDelGro to 'buy' on potential recovery
DBS Group Research has upgraded ComfortDelGro Corporation to "buy" with a raised target price of S$1...
PUBLISHED Jun 01, 12:11 PM
Distancing and masks cut Covid-19 risk, says largest review of evidence
[LONDON] Keeping at least one metre apart and wearing face masks and eye protection are the best way...
PUBLISHED Jun 02, 07:00 AM
Stocks to watch: First Reit, Keppel, mm2 Asia, Ascott Residence Trust, ThaiBev
THE following companies saw new developments that may affect trading of their securities on Monday:
PUBLISHED Jun 01, 09:20 AM
Emergency digital library sued over 'brazen' copyright violations
[WASHINGTON] Four major publishing houses Monday sued the Internet Archive alleging that its "nation...
PUBLISHED Jun 02, 07:05 AM
OCBC, StanChart to cut savings rates
AMID a weakening interest rate environment and the challenging macro climate, Standard Chartered wil...
PUBLISHED Jun 02, 05:50 AM
60,000 new bed spaces for migrant workers by end-2020
SOME 60,000 new bed spaces will be ready for migrant workers by end-2020, while another close to 60,...
PUBLISHED Jun 02, 05:50 AM
US foes delight in criticising US as protests flare
[WASHINGTON] With US cities in flames over outrage about police brutality, nations that are usually...
PUBLISHED Jun 02, 06:51 AM
Trump puts G-7 summit proposal to Putin
[MOSCOW] US President Donald Trump on Monday proposed his plan to include Russia in an expanded G-7...
PUBLISHED Jun 02, 06:58 AM
US: Stocks end up despite protests, rising China tensions
[NEW YORK] Wall Street stocks finished higher on Monday, shrugging off unrest in many cities followi...
PUBLISHED Jun 02, 06:22 AM
Burned flags and curfews: US cities convulsed by unrest
[WASHINGTON] Major US cities - convulsed by protests, clashes with police and looting since the deat...
PUBLISHED Jun 02, 06:54 AM
Singapore looks to rely less on foreign workers after pandemic
[SINGAPORE] Singapore will have to find ways to rely less on foreign workers and accelerate automati...
PUBLISHED Jun 01, 03:11 PM
Ho Bee bolsters recurring income shield
IN 2010, Ho Bee Land clinched a commercial site beside the Buona Vista MRT Interchange. With this, t...
PUBLISHED Jun 01, 05:50 AM
STI up 1.6%, in line with Asian market performance after Trump's announcement
THE Straits Times Index (STI) ended Monday up 40.11 points or 1.6 per cent at 2,550.86 points.
PUBLISHED Jun 01, 05:53 PM
Broker's take: DBS upgrades SATS to 'hold', says it is 'on track for long recovery'
DBS Group Research on Monday upgraded SATS to "hold" from "fully valued" while maintaining its targe...
PUBLISHED Jun 01, 04:58 PM
MSCI Singapore exclusions shave S$863m off market value
[SINGAPORE] Four Singaporean blue-chip stocks lost a combined market capitalisation of S$863 million...
PUBLISHED Jun 01, 11:19 AM
All Singapore pump prices down after SPC's two-week standoff
[SINGAPORE] All pump operators have adjusted their prices downwards since Esso and Shell reduced rat...
PUBLISHED Jun 01, 11:41 AM
Trump to deliver nationwide address after race protests: White House
[WASHINGTON] US President Donald Trump was due to make a televised address to the nation on Monday a...
PUBLISHED Jun 02, 06:44 AM
Traders to get S$0.30 per DLC goodwill payment for SIA shorts by June 8
REGISTERED holders of the 5x Short Singapore Airlines daily leveraged certificates (DLCs) who were d...
PUBLISHED Jun 01, 05:39 PM
Pandemic antibiotics surge will cause more deaths: WHO
[GENEVA] Increased antibiotics use in combating the Covid-19 pandemic will strengthen bacterial resi...
PUBLISHED Jun 02, 06:48 AM
Daily Debrief: What Happened Today
Stories you might have missed
PUBLISHED Jun 01, 06:30 PM
Hot stock: Rex shares up 17.4% after deal completion for 2 Norwegian Sea drilling licences
SHARES of Rex International rose 17.4 per cent on Monday after the market opened, following the comp...
PUBLISHED Jun 01, 11:34 AM
A manufacturing renaissance can lift Singapore
COSTS while important, will become secondary, as governments and companies focus on strategic and cr...
PUBLISHED Jun 02, 05:50 AM
George Floyd death was 'homicide' caused by 'neck compression': official autopsy
[MINNEAPOLIS] An official autopsy released on Monday ruled that George Floyd, the African-American m...
PUBLISHED Jun 02, 06:33 AM
XA Network partners Vertex, invests in fund
XA Network, an angel investment circle made up of executives from global tech firms, has struck up a...
PUBLISHED Jun 02, 08:00 AM
Directors make S$0.225 per share cash offer for Dynamic Colours
THE husband and wife who run Dynamic Colours have made a voluntary conditional offer for the mainboa...
PUBLISHED Jun 01, 06:13 PM
China tells state firms to halt purchases of major US farm products: sources
[BEIJING] China has told state-owned firms to halt purchases of soybeans and pork from the United St...
PUBLISHED Jun 01, 09:25 PM
StaffAny launches app to help SMEs manage reopening measures
AS companies resume limited operations in Singapore's phased lifting of the circuit breaker, careful...
PUBLISHED Jun 02, 05:50 AM
40,000 migrant workers cleared of Covid-19 to resume working, 8 sites picked for new 'quick build dorms'
SOME 40,000 migrant workers in Singapore living in dormitories have been cleared of Covid-19 infecti...
PUBLISHED Jun 01, 08:13 PM
Rex soars 18.7% after deal completion for 2 Norwegian Sea drilling licences
SHARES of Rex International soared after the company announced that its subsidiary has completed a f...
PUBLISHED Jun 02, 05:50 AM
Uzbekistan sells hotel stake to Singapore-based firm
UZBEKISTAN has sold a controlling stake in its most famous hotel to a firm based in Singapore as Tas...
PUBLISHED Jun 02, 05:50 AM
Ex-regional Morgan Stanley Asia COO joins board of robo-adviser StashAway
FORMER regional chief operating officer (COO) of Morgan Stanley Asia Private Wealth Management (PWM)...
PUBLISHED Jun 02, 04:00 AM
Seizing opportunity in crisis to keep retail interest alive in stocks
IT IS said that in adversity, there is opportunity. Clearly, retail stock-market investors have take...
PUBLISHED Jun 02, 05:50 AM
Axcelasia gets S$0.208 per share cash offer from Dorr Global Healthcare Intl
DORR Global Healthcare International, a provider of management consultancy services for healthcare o...
PUBLISHED Jun 01, 10:03 PM
New fronts for mediation as preferred form of dispute resolution amid Covid-19
A FAILED joint venture, strained communication and both parties - an American and a Korean - at logg...
PUBLISHED Jun 01, 05:50 AM
Singapore shares climb on the back of a strong rally in Hong Kong
THE Straits Times Index (STI) ended Monday up 40.11 points or 1.6 per cent at 2,550.86 points.
PUBLISHED Jun 02, 05:50 AM
Oil prices unchanged ahead of upcoming Opec+ meeting
OIL prices were little changed on Monday, with the Organization of the Petroleum Exporting Countries...
PUBLISHED Jun 02, 05:50 AM
Investors face property dilemma created by Covid-19
THE coronavirus pandemic has emptied offices and shuttered shops but filled warehouses and highlight...
PUBLISHED Jun 01, 05:50 AM
Singapore's Bayfront teams up with Japan's top law firm Nishimura
SINGAPORE legal firm Bayfront Law has teamed up with Nishimura & Asahi to tap the top Japanese l...
PUBLISHED Jun 01, 12:38 PM
Singapore shares rise at Monday's open, tracking US gains; STI up 0.4%
SINGAPORE stocks opened higher on Monday, tracking Wall Street gains overnight.
PUBLISHED Jun 01, 09:28 AM
Infrastructure capability programme kicks off
AMID gloomy economic forecasts triggered by the Covid-19 pandemic, infrastructure remains a bright s...
PUBLISHED Jun 02, 05:50 AM
Mukesh Ambani sets high bar for Jio
[MUMBAI] There can be little doubt that Mukesh Ambani is ready to dial it up. The Indian tycoon's te...
PUBLISHED Jun 01, 02:55 PM
Corporate digest
KEPPEL Corporation on Monday said associate company Floatel International will conduct an independen...
PUBLISHED Jun 02, 05:50 AM
Australia house prices fall in May as shutdowns hit property market
AUSTRALIAN home prices fell in May for the first time in almost a year as the impact of the coronavi...
PUBLISHED Jun 02, 05:50 AM
July issue of Singapore Savings Bonds opens with record low rates: 0.3% for first year, 0.8% per annum on average
THE July issue of Singapore Savings Bonds (SSBs) opened on Monday evening with yet another record-lo...
PUBLISHED Jun 01, 08:20 PM
Thais seek sun and surf as officials re-open some beaches
[PATTAYA, Thailand] People returned to some of Thailand's famed sandy beaches on Monday, keeping wel...
PUBLISHED Jun 02, 06:46 AM
The future of infrastructure as an asset class
THE infrastructure sector has strong correlations to economic growth and employment creation, both i...
PUBLISHED Jun 02, 05:50 AM
51-year-old Chinese national dies from Covid-19 complications; no new community cases
[SINGAPORE] A 51-year-old man from China died from complications due to Covid-19 infection on Sunday...
OCBC survey finds Singaporeans and PRs facing financial stress over Covid-19
FINANCIAL stress since the "circuit breaker" was imposed appears to have caused many Singaporeans to...
Govt to build 11 dorms in next 2 years for 100,000 workers; temporary spaces for 60,000 workers
[SINGAPORE] About 60,000 bed spaces for migrant workers will be ready by the end of the year, with a...
PUBLISHED Jun 01, 08:56 PM
Bodies left on hospital beds as virus overwhelms Mumbai
[MUMBAI] Hospital wards with corpses left unattended in hallways. Patients asked to sleep on the flo...
PUBLISHED Jun 01, 04:47 PM
Controlling directors make S$0.225 a share cash offer for Dynamic Colours
THE husband and wife who run Dynamic Colours have made a voluntary conditional offer for the mainboa...
PUBLISHED Jun 02, 05:50 AM
Gilead remdesivir results mixed in moderate Covid-19 patients
[CALIFORNIA] Gilead Sciences said on Monday its antiviral drug remdesivir had mixed results in a lat...
PUBLISHED Jun 01, 11:02 PM
Covid-19: Do we want to do this again?
AT THE start of the year, the relentless bushfires raging in Australia was viewed as an "apocalyptic...
PUBLISHED Jun 02, 05:50 AM
CIMB customers join forces to fight bank's mortgage rate hike
A GROUP of CIMB Bank Singapore's housing loan customers - over 40 and counting - has joined forces t...
PUBLISHED Jun 02, 05:50 AM
Changing hands
Tracking fund flows in the Singapore stock market
PUBLISHED Jun 02, 05:50 AM
BT and ST organising star-studded virtual concert for charities
THE Business Times and The Straits Times are jointly organising a star-studded virtual concert in ai...
PUBLISHED Jun 02, 05:50 AM
HK stocks rally after Trump holds fire
HONG Kong stocks rose, with the benchmark index capping its best day in more than two months, on spe...
PUBLISHED Jun 02, 05:50 AM
Property firm Capco buys HK tycoon's stake in London rival Shaftesbury
BRITISH property manager Capital & Counties Properties (Capco) has agreed to buy a 26.3 per cent...
PUBLISHED Jun 02, 05:50 AM
Tech giant Tencent making waves
TENCENT is an internet and technology giant that stands tall with the likes of Alibaba and Baidu in...
PUBLISHED Jun 01, 05:50 AM
Asia: Markets rally on virus hopes, Trump's Hong Kong action
[HONG KONG] Hong Kong led an Asia-wide market rally on Monday as investors breathed a sigh of relief...
PUBLISHED Jun 01, 11:59 AM
Oil steady; US-China tensions weigh, possible output cuts support
[NEW YORK] Oil futures steadied on Monday as rising US-China tensions weighed on sentiment, but pric...
PUBLISHED Jun 02, 06:13 AM
KiotViet talks about e-commerce retail in Vietnam and how Covid-19 has shaken up the scene
Vietnamese business solutions startup KiotViet, which was set up in 2014, provides small and medium-...
PUBLISHED Jun 01, 01:09 PM
China hits back at US over race protests after Trump criticised HK
CHINESE officials and state media needled the Trump administration over race-related protests and lo...
PUBLISHED Jun 02, 05:50 AM
Retailers already hit by coronavirus board up as US protests rage
[NEW YORK] Retail giant Target Corp said on Sunday it shuttered stores across the United States as r...
PUBLISHED Jun 01, 06:51 AM
Keppel's Floatel associate to conduct independent review of business plan
KEPPEL Corporation on Monday said that associate company Floatel International will conduct an indep...
PUBLISHED Jun 01, 09:08 AM
FintruX Network offers smart solutions for startups, SMEs
AT one popular hawker centre in Jurong West, there are hardly any crowds during lunch time these day...
PUBLISHED Jun 02, 05:50 AM
IMF backs revised Argentine debt offer, 'limited scope' for more
[BUENOS AIRES] A revised Argentine proposal to international creditors on restructuring US$66 billio...
PUBLISHED Jun 02, 06:56 AM
Russia, after approving Japanese Covid-19 drug, to roll out 'game changer' next week
[MOSCOW] Russia will start administering its first approved antiviral drug to treat coronavirus pati...
PUBLISHED Jun 01, 02:58 PM
Moon tells Trump he would accept invitation to G7 summit
[SEOUL] South Korean President Moon Jae-in told US President Donald Trump on Monday that he would wi...
PUBLISHED Jun 01, 10:44 PM
Rex unit completes deal for 15% stake in 2 Norwegian Sea drilling licences
OILFIELD services firm Rex International on Monday said subsidiary Lime Petroleum AS has completed a...
PUBLISHED Jun 01, 09:33 AM
Gold's appeal rises as coronavirus hedge
GOLD is expected to rise to US$2,000 per ounce in the next few months, with more bullish forecasts p...
PUBLISHED Jun 01, 05:50 AM
WHO seeks good ties with US despite Trump's exit move
[GENEVA] World Health Organization (WHO) head Tedros Adhanom Ghebreyesus praised on Monday the Unite...
PUBLISHED Jun 02, 12:16 AM
US: Stocks dip as market digests protests, reopenings
[NEW YORK] Wall Street stocks dipped in early trading Monday as markets digested a weekend of civil...
PUBLISHED Jun 01, 09:51 PM
China halts purchase of US farm imports, threatening trade deal
CHINESE government officials told major state-run agricultural companies to pause purchases of some...
PUBLISHED Jun 02, 05:50 AM
US awards new US$628m contract to boost output of potential Covid-19 vaccine
[WASHINGTON] The US government on Monday entered into a US$628 million contract with drugmaker Emerg...
PUBLISHED Jun 01, 10:22 PM
Hong Kong: Shares open with big gains
[HONG KONG] Hong Kong stocks rallied at the start of trade Monday after Donald Trump stopped short o...
PUBLISHED Jun 01, 09:46 AM
IndoAgri directors who recommended lowball privatisation offer to seek re-election at AGM
AT INDOFOOD Agri Resources' (IndoAgri) annual general meeting (AGM) scheduled for June 16, three of...
PUBLISHED Jun 01, 05:50 AM
E-scooter startup Beam bags US$26m in Sequoia-led Series A round
E-SCOOTER sharing startup Beam has clinched US$26 million in Series A funding led by Sequoia India a...
Google rejects call for huge Australian media payout
GOOGLE has rejected demands that it pay hundreds of millions of dollars per year in compensation to...
PUBLISHED Jun 02, 05:50 AM
Europe: Shares gain as recovery hopes boost cyclicals
[BENGALURU] European shares rose on Monday, as signs of recovery for the continent's manufacturers p...
PUBLISHED Jun 02, 06:04 AM
The US should revamp its own democracy, stop preaching to others
IT WOULD have been funny, if it was not tragic: For several days, following the decision by Beijing...
PUBLISHED Jun 02, 05:50 AM
Hong Kong: Stocks close sharply higher
[HONG KONG] Hong Kong stocks started the week with a bang Monday, rallying more than three per cent...
PUBLISHED Jun 01, 04:24 PM
Australia house prices fall as shutdowns hit property market
[SYDNEY] Australian home prices fell in May for the first time in almost a year as the impact of the...
PUBLISHED Jun 01, 11:54 AM
US govt sells HK$10b worth of property in HK
THE US government is selling its property in one of the most exclusive neighbourhoods in Hong Kong,...
PUBLISHED Jun 01, 05:50 AM
UK's big spending to lift economy and save jobs does little, but deepens debt
THE UK government is preparing to unveil a major economic stimulus package in July in an effort to m...
PUBLISHED Jun 02, 05:50 AM
Home's Favourite: from 3 recipes to winning pastries
HOME'S Favourite now has a sizeable business retailing its baked goods and exporting them, but the b...
PUBLISHED Jun 02, 05:50 AM
In times of crisis, central banks need to educate and engage
Education helps people newly engaged with central banks' communications to better understand economi...
PUBLISHED Jun 02, 05:50 AM
BT and ST organise star-studded virtual concert
THE Business Times and The Straits Times are jointly organising a star-studded virtual concert in ai...
PUBLISHED Jun 01, 04:27 PM
UK's Capco buys Hong Kong tycoon's stake in Shaftesbury for £436m
[BENGALURU] British property manager Capital...
PUBLISHED Jun 01, 03:44 PM
Euro, Aussie gain on economic recovery hopes
THE euro briefly hit its strongest level since mid-March on Monday and trade-sensitive currencies in...
PUBLISHED Jun 02, 05:50 AM
China's manufacturing sector expands in May; unemployment remains high
CHINA'S vast manufacturing sector grew last month as scores of factories continued to reopen after m...
PUBLISHED Jun 02, 05:50 AM
Covid-fuelled cuts to luxury ad spending worsen magazines' plight
THE coronavirus is taking a steep toll on magazines and newspapers that relied on Europe's luxury br...
PUBLISHED Jun 02, 05:50 AM
China's solar giants slash prices as virus curbs demand
CHINESE manufacturers that dominate nearly every step in the global solar power supply chain are bei...
PUBLISHED Jun 02, 05:50 AM
Coronavirus turns a Spanish sea delicacy back into daily fare
[LLANÇÀ, Spain] With an intensity of flavor to match their color, the big, bright-red prawns caught...
PUBLISHED Jun 01, 03:09 PM
US manufacturing stabilising at depressed level, ISM data show
[WASHINGTON] A closely watched measure of US manufacturing rose in May for the first time in four mo...
PUBLISHED Jun 01, 11:49 PM
New substantial shareholder for Sin Heng Heavy Machinery
FOR the four local trading sessions that spanned May 22 to 28, the Straits Times Index (STI) decline...
PUBLISHED Jun 01, 05:50 AM
Truckmaker Scania signals lay-offs, has 5,000 more staff than needed
[STOCKHOLM]Swedish truckmaker Scania, owned by Germany's Traton, is planning major job cuts and esti...
PUBLISHED Jun 01, 05:43 PM
Heeton proposes to cut FY2019 final dividend to 0.3 S cent
PROPERTY developer Heeton Holdings is looking to cut its final dividend for the financial year ended...
PUBLISHED Jun 01, 10:27 AM
New measures for foreign workers, dorm operators, employers from June 2
FOREIGN workers, their employers and dormitory operators must comply with a slew of measures before...
PUBLISHED Jun 01, 05:50 AM
Emirates Airline says must cut jobs over virus crisis
[DUBAI] Emirates Airline said Sunday it will have to cut jobs after being forced to ground its fleet...
PUBLISHED Jun 01, 12:15 PM
ETFs, spot gold offer best exposure to gold
ANALYSTS and traders recommend buying spot gold and gold-backed exchange-traded funds (ETFs) to ride...
PUBLISHED Jun 01, 05:50 AM
Amazon's Jeff Bezos invests in UK digital freight forwarder Beacon
[BENGALURU] Amazon.com chief executive Jeff Bezos has picked British startup Beacon, a digital freig...
PUBLISHED Jun 01, 10:09 AM
Stocks' rise may go on with Fed support despite 'madness'
US stocks rose during a bewildering week when the market's typically split personality seemed to mor...
PUBLISHED Jun 01, 05:50 AM
Tear gas fired as clashes erupt outside White House: AFP
[WASHINGTON] Police fired tear gas to try to disperse protestors outside the White House late Sunday...
PUBLISHED Jun 01, 11:31 AM
Rio Tinto apologises for blowing up 46,000-year-old Aboriginal site
[MELBOURNE] Jun Rio Tinto apologised for the destruction of a sacred Aboriginal cave in Western Aust...
PUBLISHED Jun 01, 11:39 AM
Australia's stalled migrant boom derails golden economic run
[SYDNEY] Australia's three decades of uninterrupted prosperity are coming to an abrupt end as the gl...
PUBLISHED Jun 01, 07:08 AM
Money FM podcast: The do's and don'ts of circuit breaker easing measures
Justin Chan, senior partner of Tito Isaac and Co breaks down what you can and cannot do in Phase 1 a...
PUBLISHED Jun 02, 05:50 AM
ECB expected to pump up eurozone support as pandemic persists
THE European Central Bank (ECB) could announce on Thursday hundreds of billions of euros in new bond...
PUBLISHED Jun 02, 05:50 AM
Infrastructure Asia, World Bank and SMU launch infrastructure capability programme
[SINGAPORE] Amid gloomy economic forecasts triggered by the Covid-19 pandemic, infrastructure remain...
PUBLISHED Jun 01, 10:37 AM
Biotech-heavy 'Nasdaq of Japan' is Asia's best-performing index
[TOKYO] Japan's Mothers Index recovered to the 1,000 point milestone for the first time since Decemb...
PUBLISHED Jun 01, 03:55 PM
SG Digital Office to encourage digitalisation among seniors, hawkers
THE Singapore government will be setting up a new digitalisation office to double down on outreach e...
PUBLISHED Jun 01, 05:50 AM
Short-sales: Rules and safeguards
MOST investors entering the Singapore stock market for the first time do so to buy securities as par...
PUBLISHED Jun 01, 05:50 AM
UK ex-foreign ministers call for G-7 Hong Kong monitor group
[LONDON] Seven former British foreign ministers Monday called on Prime Minister Boris Johnson to pus...
PUBLISHED Jun 01, 12:44 PM
Netease aims to raise US$2-3b in Hong Kong listing
[HONG KONG] Chinese tech group Netease Inc aims to raise between US$2 billion and US$3 billion in on...
PUBLISHED Jun 01, 07:11 AM
65% of small Israeli start-ups could succumb to Covid-19: survey
[JERUSALEM] Around 65 per cent of small Israeli start-ups expect to cease operations in the next six...
PUBLISHED Jun 01, 06:48 AM
Hong Kong April retail sales tumble 36 per cent as virus hammers demand
[HONG KONG] Hong Kong's retail sales slumped by 36 per cent in value terms in April from a year earl...
PUBLISHED Jun 01, 06:00 PM
Tensions at the mouth of the dragon
THIS WEEK'S TOPIC: How do you see the impact of Hong Kong's new security law on the city's status as...
PUBLISHED Jun 01, 05:50 AM
Macau's gaming revenues tumble 93.2% in May as coronavirus hit
[HONG KONG] Gambling revenue in Macau slid 93.2 per cent in May year-on-year as authorities imposed...
PUBLISHED Jun 01, 01:32 PM
Malaysia's Petronas says 'optimising production volume' on low LNG prices
[SINGAPORE] Malaysia's Petronas said on Monday it was "optimising its production volume" to adapt to...
PUBLISHED Jun 01, 01:47 PM
Masks for those who need them most
MASKS For All SG, a ground-up advocacy movement, will distribute 500,000 masks as part of an educati...
PUBLISHED Jun 01, 05:50 AM
Lufthansa bailout to trigger onslaught from low-cost rivals
[FRANKFURT] Deutsche Lufthansa AG may have won its battle for state aid, but its surrender of airpor...
PUBLISHED Jun 01, 02:31 PM
Abu Dhabi locks down with one-week travel ban
[ABU DHABI] Abu Dhabi has announced it will cordon off the UAE's capital as well as banning travel b...
PUBLISHED Jun 01, 06:41 AM
Journalists targeted in attacks as US protests rage
[NEW YORK] On Friday evening, viewers watched as CNN correspondent Omar Jimenez and his crew were ar...
PUBLISHED Jun 01, 06:40 AM
China's solar giants forced to cut prices as virus curbs demand
[SHANGHAI] Chinese manufacturers that dominate nearly every step in the global solar power supply ch...
PUBLISHED Jun 01, 11:23 AM
mm2 Asia FY20 net profit down 81.5% on Covid-19 impact
FILM production group mm2 Asia saw its net profit decline 81.5 per cent in its latest financial year...
PUBLISHED Jun 01, 05:50 AM
Singapore agrees to suspend HSR project till Dec 31
SINGAPORE has agreed to further suspend the High-Speed Rail (HSR) project - which would link it with...
PUBLISHED Jun 01, 05:50 AM
Hong Kong reports first local Covid-19 cases in 2 weeks
[HONG KONG] Hong Kong has confirmed its first locally transmitted coronavirus cases in more than two...
PUBLISHED Jun 01, 11:21 AM
Seoul: Shares jump as US-China worries ease
[SEOUL] South Korean shares buoyed on Monday as the US President Donald Trump's threat against China...
PUBLISHED Jun 01, 03:56 PM
Worst may be over for eurozone factories, recovery to be slow: PMI
[LONDON] Eurozone manufacturers appear to have passed their nadir, a survey showed on Monday, but ac...
PUBLISHED Jun 01, 04:23 PM
Hong Kong Exchange plans suite of new exchange-traded products
[HONG KONG] Hong Kong's stock exchange is looking at introducing a suite of new exchange-traded prod...
PUBLISHED Jun 01, 09:01 AM
Chinese factories humming doesn't mean everyone is buying
[HONG KONG] China's factories are starting to hum again, but executives are now worried that the reb...
PUBLISHED Jun 01, 11:20 AM
Covid-fuelled cuts to luxury ad spending worsen magazines' plight
[ZURICH] The coronavirus is taking a steep toll on magazines and newspapers that relied on Europe's...
PUBLISHED Jun 01, 03:40 PM
Duterte is paying Filipinos to move from city to countryside
[MANILA] The coronavirus pandemic is giving Philippine President Rodrigo Duterte a reason to reduce...
PUBLISHED Jun 01, 09:16 AM
Google rejects call for huge Australian media payout
[SYDNEY] Google has rejected demands it pay hundreds of millions of dollars per year in compensation...
PUBLISHED Jun 01, 01:56 PM
Oil prices slip as wary traders eye upcoming Opec+ meeting
[SINGAPORE] Oil prices fell nearly 1 per cent on Monday as traders hedged bets with the Organization...
PUBLISHED Jun 01, 10:11 AM
Samsung to add new memory chip line as COVID-19 boosts demand
[SEOUL] Samsung Electronics Co Ltd said on Monday it has begun construction of a new domestic produc...
PUBLISHED Jun 01, 12:25 PM
US housing sales shoot up during lockdown
STUCK day and night in their homes, a surprising number of Americans are deciding the pandemic is a...
PUBLISHED Jun 01, 05:50 AM
Music industry pledges anti-racist 'Black Out Tuesday'
[NEW YORK] Major music industry labels are pledging to halt business Tuesday, in solidarity with ant...
PUBLISHED Jun 02, 12:04 AM
Australian mall giant Vicinity to raise A$1.4b in virus cash dash
[BENGALURU] Australian No 2 shopping mall manager Vicinity Centres cancelled its dividend on Monday...
PUBLISHED Jun 01, 08:07 AM
Saudi FX reserves down sharply in April to back wealth fund investments
[DUBAI] Saudi foreign reserves dropped sharply in April for a second consecutive month as the kingdo...
PUBLISHED Jun 01, 02:03 PM
Philippines capital comes back to life although virus threat lingers
[MANILA] Millions of people returned to work in the Philippine capital on Monday as one of the world...
PUBLISHED Jun 01, 02:39 PM
Troops, police clamp down in US cities as unrest over racism flares
[MINNEAPOLIS] Thousands of National Guard troops patrolled major US cities on Sunday after five cons...
PUBLISHED Jun 01, 06:11 AM
Hedge fund in Sweden trounces return target with rare AI model
A SWEDISH hedge fund called Volt Capital Management has run circles around its own return target by...
PUBLISHED Jun 01, 05:50 AM
Thai central bank worried about strong baht, ready to use necessary measures
[BANGKOK] Thailand's central bank is worried that a rapid rise in the baht may not be in line with e...
PUBLISHED Jun 01, 10:14 AM
Money FM podcast: Turning used cooking oil into biofuel
Allan Lim, founder and CEO of Alpha Biofuels, shares more about turning used cooking oil i...
PUBLISHED Jun 01, 05:50 AM
Japan considering re-opening door to some foreigners: media
[TOKYO] Japan is considering re-opening its borders to travellers from selected countries which have...
PUBLISHED Jun 01, 11:06 AM
MOH: Covid-19 testing done for all nursing home staff and residents
ALL nursing home staff members and residents have now been tested, said the health ministry.
PUBLISHED Jun 01, 05:50 AM
Australia eases social distancing restrictions as economic recovery efforts intensify
[SYDNEY] Several Australian states eased social distancing restrictions further on Monday, allowing...
PUBLISHED Jun 01, 08:55 AM
Saudi Arabia to inject 50b riyals into banking system
[DUBAI] Saudi Arabia will pump 50 billion riyals (S$18.75 billion) into the banking system to help m...
PUBLISHED Jun 01, 03:23 PM
British watchdog enlists eight insurers for pandemic test case
[LONDON] Britain's Financial Conduct Authority (FCA) said eight insurers, including Hiscox and QBE,...
PUBLISHED Jun 01, 03:37 PM
US lawmakers to unveil bill banning investment in firms tied to China's military
[WASHINGTON] A group of Republican lawmakers plans to unveil legislation this week to keep Americans...
PUBLISHED Jun 01, 12:19 PM
From SARs to COVID-19: Reflections on ASEAN’s collective response to public health crises
As the COVID-19 crisis was intensifying in the region in February and March, commentators from the m...
PUBLISHED Jun 01, 11:43 AM
Tokyo: Stocks close higher on virus hopes
[TOKYO] Tokyo stocks closed higher Monday on expectations for more businesses to reopen as the Japan...
PUBLISHED Jun 01, 02:51 PM
Armed with disinfectant and admonishments, S Korean robot fights coronavirus spread
[SEOUL] A self-driving robot equipped with cameras and an LED screen greets visitors at the lobby in...
PUBLISHED Jun 01, 12:29 PM
Clint Eastwood is 90, but doesn't want any fuss to 'make my day'
MOVIE legend Clint Eastwood turned 90 on Sunday, but don't count on the famously stoic and hard-work...
PUBLISHED Jun 01, 05:50 AM
South Korea's exports slump again as pandemic drags on
[SEOUL] South Korea's exports posted another double-digit decline in May in a sign of continuing pai...
PUBLISHED Jun 01, 09:37 AM
Debates rage in Britain as some children go back to school
[LONDON] Britain partially reopens schools on Monday and allows the most vulnerable to venture outdo...
PUBLISHED Jun 01, 02:49 PM
China's May factory activity returns to growth but demand remains weak: Caixin PMI
[BEIJING] China's factory activity unexpectedly returned to growth in May as strict measures to cont...
PUBLISHED Jun 01, 10:56 AM
Panama will fine ships up to US$10,000 if they tamper with transponders
[PANAMA CITY] Panama's Maritime Authority said it will impose sanctions on vessels, including fines...
PUBLISHED Jun 01, 12:11 PM
S Korea's Celltrion aims to start in-human COVID-19 drug trial in July
[SEOUL] South Korea's Celltrion Inc said on Monday its experimental treatment of COVID-19 demonstrat...
PUBLISHED Jun 01, 02:58 PM
PUBLISHED Jun 01, 05:50 AM
Europe: London, Paris stocks rally amid Frankfurt holiday
[LONDON] The London and Paris stock markets jumped Monday at the open, tracking Asian gains, but Fra...
PUBLISHED Jun 01, 03:45 PM
Primark to open all stores in England on June 15
[LONDON] Fashion retailer Primark is working to re-open all its 153 stores in England on June 15, in...
PUBLISHED Jun 01, 04:54 PM
Hurricanes may cause more pain for pandemic-hit insurers
[LONDON] The official start of the Atlantic hurricane season on Monday could signal more steep losse...
PUBLISHED Jun 01, 03:10 PM
Brazil's Bolsonaro rallies supporters as US sends unproven drug
[BRASÍLIA] President Jair Bolsonaro, who opposes coronavirus lockdown measures imposed by Brazilian...
PUBLISHED Jun 01, 06:03 AM
Rand's quick recovery rally surprises traders
THE South African rand's rapid turnaround from April's record low has already burnt some traders' fi...
PUBLISHED Jun 01, 05:50 AM
Tokyo: Nikkei index edges up at open
[TOKYO] Tokyo's key Nikkei index edged up at the open on Monday, as investors looked for clues about...
PUBLISHED Jun 01, 08:18 AM
West Bank poor may double over pandemic: World Bank
[JERUSALEM] Poverty in the occupied West Bank may double as Palestinians are slammed by the economic...
PUBLISHED Jun 01, 02:52 PM
Sotheby's to stream live auctions in June
[NEW YORK] Sotheby's auctioneer Oliver Barker will be live, by video, in London, looking at screens...
PUBLISHED Jun 01, 11:34 AM
Fiat Chrysler to list robot-making unit Comau
[MILAN] Fiat Chrysler said on Monday it planned to list its robot-making unit Comau and had appointe...
PUBLISHED Jun 01, 10:00 PM
Baltic Exchange Shipping Insights
A sober end to the week, with the market seemingly ready for the weekend.
PUBLISHED Jun 01, 05:50 AM
German ministry proposes 5b euro car bonus scheme: sources
[FRANKFURT] Germany's Ministry of Economics has proposed a 5 billion euro (S$7.88 billion) buyer bon...
PUBLISHED Jun 01, 12:04 PM
ECB expected to pump up eurozone support as pandemic persists
[FRANKFURT AM MAIN] The European Central Bank could announce Thursday hundreds of billions of euros...
PUBLISHED Jun 01, 01:25 PM
Australia: Shares end 1% higher on firm recovery bets; miners rally
[SYDNEY] Australian shares kicked off the month with a more than 1 per cent gain, fuelled by optimis...
PUBLISHED Jun 01, 03:40 PM
Apple reopening flagship Tokyo stores as Japan eases restriction
[TOKYO] Apple Inc is set to reopen its biggest stores in Japan from midday on Wednesday, bringing it...
PUBLISHED Jun 01, 02:21 PM
Artist Christo, known for wrapping exteriors of landmarks, dies at 84
[NEW YORK] Christo, the Bulgarian-born artist best known for his temporary installations based on wr...
PUBLISHED Jun 01, 11:48 AM
Malaysia: Shares close higher on Monday
MALAYSIA share prices closed higher on Monday with the FTSE Bursa Malaysia Kuala Lumpur Composite In...
PUBLISHED Jun 01, 05:21 PM
South Korea's May factory activity contracts at fastest rate since 2009: PMI
[SEOUL] South Korea's manufacturing activity shrank at the sharpest pace in more than a decade in Ma...
PUBLISHED Jun 01, 08:44 AM
Natixis opens investment banking office in Saudi Arabia
FRENCH investment bank Natixis has opened a corporate and investment banking office in Saudi Arabia'...
PUBLISHED Jun 01, 05:50 AM
UK government preparing stimulus package for July: FT
[LONDON] The UK government is preparing to unveil an economic stimulus package in July as it steps u...
PUBLISHED Jun 01, 08:00 AM
Delta, union working to avoid furloughs of 2,300 pilots
[BENGALURU] Delta Air Lines Inc and its pilots union said on Sunday they are working to avoid furlou...
PUBLISHED Jun 01, 08:58 AM
Saudi central bank net foreign assets drop by about US$20b in April
[DUBAI] Saudi foreign reserves dropped by roughly US$20 billion in April, according to Reuters calcu...
PUBLISHED Jun 01, 06:37 AM
Japan Parliament to debate 2nd extra budget for pandemic relief next week
[TOKYO] Japan's government will submit to Parliament early next week a second extra budget to fund a...
PUBLISHED Jun 01, 02:38 PM
Japan's May factory activity sinks as pandemic lockdowns hit demand: PMI
[TOKYO] Japan's factory activity shrank at the fastest pace since March 2009 in May, a private secto...
PUBLISHED Jun 01, 08:42 AM
It's still service with a smile, but from behind a mask
CLAD in masks, the waiters were nervous. How would the diners see their smiles?
PUBLISHED Jun 01, 05:50 AM
Youth use humour to cope with tough times
CLIMATE change, debt, mental health struggles and now the coronavirus: life is no laughing matter. B...
PUBLISHED Jun 01, 05:50 AM
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