Biden White House atmosphere is transformed
[WASHINGTON] Camped out in bare offices, President Joe Biden's new White House team has spent its fi...
PUBLISHED Jan 23, 09:47 AM
Central-region condos drive Singapore's private home prices to all-time high
PRICES of new private homes in Singapore rose 2.1 per cent in Q4 2020 from Q3, marking their steepes...
PUBLISHED Jan 23, 05:50 AM
Morgan Stanley CEO's annual pay rises by over 20%
[NEW YORK] Morgan Stanley Chief Executive James Gorman's annual pay rose by US$6 million, or 22 per...
PUBLISHED Jan 23, 08:29 AM
More than 150 National Guard in Washington for inauguration test positive for coronavirus
[WASHINGTON] Between 150 and 200 National Guard deployed to Washington, DC, to provide security for...
PUBLISHED Jan 23, 10:21 AM
Yellen wins unanimous US Senate panel vote despite Republican tax, debt concerns
[WASHINGTON] The US Senate Finance Committee on Friday unanimously approved Janet Yellen's nominatio...
PUBLISHED Jan 23, 07:25 AM
Singapore seniors to get Covid-19 jab from Jan 27; household guest cap imposed ahead of CNY
ONE of Singapore's Covid-19 vaccine shipments has been delayed, which Health Minister Gan Kim Yong s...
PUBLISHED Jan 22, 06:26 PM
Corporate CNY gatherings disallowed, current workplace measures to remain in place
CHINESE New Year company gatherings will not be allowed this year as workplace safe management measu...
PUBLISHED Jan 22, 07:00 PM
CapitaLand issues profit warning, expects full-year loss
CAPITALAND announced in its profit guidance on Friday that it is expecting to report a loss for the...
PUBLISHED Jan 22, 06:41 PM
Lazada/Alibaba and TikTok figure in latest office-leasing deals
DESPITE the challenges to office leasing demand amid the recession and the work-from-home trend duri...
PUBLISHED Jan 22, 05:50 AM
Warning light halts Boeing 737 MAX flight in Canada
[OTTAWA] Canadian airline Westjet on Friday cancelled a flight just prior to take-off after a warnin...
PUBLISHED Jan 23, 06:59 AM
'I want to feel safe again': Americans lament slow pace of US Covid-19 vaccine rollout
[SACRAMENTO, California] Jerry Shapiro, a 78-year-old pharmacist from Los Angeles, is at the top of...
PUBLISHED Jan 23, 11:30 AM
Moving hawkers up the food chain
IN SINGAPORE'S competitive hawker trade, where the unsuccessful throw in the towel and close down wi...
PUBLISHED Jan 23, 05:50 AM
More to wealth than accumulating
Relationships with financial advisors tend to be rather transactional.
PUBLISHED Jan 22, 05:50 AM
Broker's take: Look out for privatisations in small-cap space, says CGS-CIMB
THE spate of corporate transactions this year is set to continue, and certain companies in the small...
PUBLISHED Jan 22, 03:06 PM
Citicode, Artivision shareholders approve backdoor listings
CITICODE shareholders on Friday approved the reverse takeover of healthcare specialist Livingstone H...
PUBLISHED Jan 23, 05:50 AM
US dollar may continue fall, but impact on Singapore stocks unlikely to be major
THE US dollar (USD) could continue to trend downwards amid positive risk sentiment in markets, which...
PUBLISHED Jan 22, 05:50 AM
Sales of HDB resale flats hit eight-year high in 2020 as prices climb 5%
[SINGAPORE] The Housing Board resale market ended 2020 on a strong note with flat prices edging up i...
PUBLISHED Jan 22, 11:27 AM
Stocks to watch: Sabana Reit, FCT, Frasers Property, CDL, Soilbuild Reit, Penguin, Kimly
THE following companies saw new developments that may affect trading of their securities on Friday....
PUBLISHED Jan 22, 09:01 AM
GL has deeper value than just 70¢ a share: analysts
MALAYSIAN tycoon Quek Leng Chan is trying to take GL private on the cheap, say Lim & Tan Securit...
PUBLISHED Jan 22, 05:50 AM
Singapore tightens rules on household visits ahead of Chinese New Year
SINGAPORE has tightened its rules on household visits ahead of Chinese New Year as a "pre-emptive mo...
PUBLISHED Jan 23, 05:50 AM
Look out for privatisations in small-cap space, says CGS-CIMB
THE spate of corporate transactions this year is set to continue, and certain companies in the small...
PUBLISHED Jan 23, 05:50 AM
Isetan 'explores its options' for investment property at Wisma Atria
JAPANESE department store operator Isetan (Singapore) announced on Friday that it is currently "expl...
PUBLISHED Jan 22, 05:36 PM
Fu Yu founders 'deliberated at length' before sale of shares
FU YU Corp's co-founders had "deliberated at length" before giving up their 29.8 per cent stake to a...
PUBLISHED Jan 22, 07:28 PM
Severe reaction to Moderna vaccine 'rare': US study
[WASHINGTON] Severe allergic reaction to Moderna's Covid-19 vaccine is "rare," US health authorities...
PUBLISHED Jan 23, 10:15 AM
Outrage after troops protecting US Capitol forced to sleep in garage
[WASHINGTON] A decision to turn a chilly underground parking garage into an overnight billet for Nat...
PUBLISHED Jan 23, 07:04 AM
Brokers' take: Analysts raise target prices on CICT on recovery expectations
FOUR brokerages have raised their target prices on CapitaLand Commercial Integrated Trust (CICT), as...
PUBLISHED Jan 22, 04:45 PM
SGX, Temasek enter JV to boost digital asset infrastructure in capital markets
SINGAPORE Exchange (SGX) and Temasek have entered into a joint venture (JV) to advance digital asset...
PUBLISHED Jan 22, 05:20 PM
SGX H1 net profit up 12% on higher revenue from all three businesses
THE Singapore Exchange on Friday posted a net profit of S$239.8 million for the half year ended Dec...
PUBLISHED Jan 22, 06:43 PM
Singapore's new private home sales down 26% in Oct-Dec from previous quarter
PROPERTY developers in Singapore sold 2,603 new private homes in the fourth quarter last year, about...
PUBLISHED Jan 22, 09:16 AM
Hong Kong locks down district for compulsory Covid-19 testing
[HONG KONG] Hong Kong's government locked down an area of the Kowloon peninsula on Saturday, saying...
PUBLISHED Jan 23, 10:18 AM
SGX H1 net profit up 12.4% on higher revenue
THE Singapore Exchange (SGX) on Friday posted a net profit of S$239.8 million for the half year ende...
PUBLISHED Jan 23, 05:50 AM
Fu Yu founders 'deliberated at length' before sale of shares
FU YU Corp's co-founders had "deliberated at length" before giving up their 29.8 per cent stake to a...
PUBLISHED Jan 23, 05:50 AM
Economic and social benefits of RTS Link to be 'significant', says Ong Ye Kung
THE Rapid Transit System (RTS) linking Singapore and Johor Bahru may be a short service with only tw...
PUBLISHED Jan 22, 06:00 PM
US: Stocks decline as Intel, IMB tumble
[NEW YORK] Wall Street stocks pulled back from records Friday following disappointing earnings repor...
PUBLISHED Jan 22, 11:24 PM
Property consultants upbeat about Singapore office market in second half
PROPERTY consultants are cautiously optimistic about prospects for the Singapore office market, at l...
PUBLISHED Jan 23, 05:50 AM
Singapore to build ecosystem of venture studios: DPM Heng
CORPORATE venturing is one of the few ways to drive innovation in the economy, said Deputy Prime Min...
PUBLISHED Jan 22, 04:40 PM
CapitaLand issues profit warning, expects full-year loss
CAPITALAND announced in its profit guidance on Friday that it is expecting to report a loss for the...
PUBLISHED Jan 23, 05:50 AM
Should I worry about the pain in my chest?
SHOULD you worry about the chest discomfort you have been having lately? Every so often, when you ar...
PUBLISHED Jan 23, 05:50 AM
15 new Covid-19 cases in Singapore, including one in the community
[SINGAPORE] There were 15 new coronavirus cases confirmed as at Friday noon (Jan 22), including one...
PUBLISHED Jan 22, 03:51 PM
Dutch want to replace UK as US 'gateway' to Europe: PM
[THE HAGUE] The Netherlands wants to be US President Joe Biden's "gateway" to Europe following Brita...
PUBLISHED Jan 23, 07:21 AM
Isetan explores options for property investment at Wisma Atria
JAPANESE department store operator Isetan (Singapore) announced on Friday that it is currently "expl...
PUBLISHED Jan 23, 05:50 AM
Trump impeachment heads to US Senate on Monday, triggering trial
[WASHINGTON] Donald Trump will go on trial in the US Senate soon after a fresh impeachment case agai...
PUBLISHED Jan 23, 07:19 AM
Sabana's manager wants to leave failed merger behind to look forward for growth
THE chief executive officer of Sabana Shari’ah Compliant Industrial Reit’s (Sabana Reit) manage...
PUBLISHED Jan 22, 08:58 AM
Sri Lankan health minister tests positive for Covid-19 after endorsing sorcery
[COLOMBO] Sri Lanka's health minister, who publicly endorsed sorcery and magic potions to stop surgi...
PUBLISHED Jan 23, 02:13 PM
Biden inauguration draws bigger television audience than Trump's
[NEW YORK] The TV audience for Joe Biden's inauguration surpassed the number who watched Donald Trum...
PUBLISHED Jan 22, 07:54 AM
Majority STI constituents in the red; index down 0.44% over the week
SINGAPORE shares declined after a few days of registering gains, with the market barometer Straits T...
PUBLISHED Jan 22, 06:13 PM
Hong Kong to lock down district in Kowloon, SCMP reports
[HONG KONG] Hong Kong for the first time will lock down tens of thousands of residents in a bid to c...
PUBLISHED Jan 22, 11:03 AM
Analysts raise target price on CICT on recovery expectations
FOUR brokerages have raised their target price on CapitaLand Commercial Integrated Trust (CICT), as...
PUBLISHED Jan 23, 05:50 AM
Singapore stocks slip at Friday's open; STI down 0.5%
SINGAPORE shares opened lower on Friday after ending the previous trading day past the 3,000-mark.
PUBLISHED Jan 22, 09:50 AM
The law's middleman
AT the attic unit of a nondescript shophouse along Duxton Hill, the floors are neatly but furiously...
PUBLISHED Jan 23, 05:50 AM
PUBLISHED Jan 22, 11:15 PM
199-year Boat Quay shophouse up for sale for S$27m
A 199-YEAR leasehold conservation shophouse located at 31 South Bridge Road and 88 Circular Road in...
PUBLISHED Jan 22, 04:25 PM
Sabana's manager wants to leave failed merger behind; will work on improving portfolio and performance
THE chief executive officer (CEO) of Sabana Shari'ah Compliant Industrial Reit's manager Donald Han...
PUBLISHED Jan 23, 05:50 AM
No CNY gatherings for firms as current measures against Covid-19 remain in place
CHINESE New Year (CNY) company gatherings will not be allowed this year as workplace safe management...
PUBLISHED Jan 23, 05:50 AM
Don't let stocks' big dogs crowd out the small ones
THERE are roughly 3,700 public companies in the US, and most stock investors ignore all but the bigg...
PUBLISHED Jan 23, 05:50 AM
Demystifying universal life policies
IN MY previous article dated Nov 28, 2020, I wrote about universal life policies (ULPs) being touted...
PUBLISHED Jan 23, 05:50 AM
199-year Boat Quay shophouse up for sale for S$27m
A 199-YEAR leasehold conservation shophouse located at 31 South Bridge Road and 88 Circular Road in...
PUBLISHED Jan 23, 05:50 AM
We're living in a golden age of ignorance
HAS there been a moment in modern history when so many people in free societies have believed such d...
PUBLISHED Jan 23, 05:50 AM
Moody's confirms LMIRT's B1 rating following review for downgrade
MOODY'S Investors Service has confirmed the B1 corporate family rating of Lippo Malls Indonesia Reta...
PUBLISHED Jan 22, 12:02 PM
Singapore to build ecosystem of venture studios: DPM Heng
THE Boston Consulting Group (BCG) has parked its latest corporate venture campus in Singapore, in pa...
PUBLISHED Jan 23, 05:50 AM
AstraZeneca warns of limited vaccine supplies to Europe
[LONDON] British pharmaceutical firm AstraZeneca warned Friday that supplies of its coronavirus vacc...
PUBLISHED Jan 23, 07:16 AM
Petronas said to enter fray for US$4b Lonza chemicals unit
[KUALA LUMPUR] Malaysian state oil producer Petroliam Nasional is among suitors vying for a chemical...
PUBLISHED Jan 22, 09:54 PM
Australia's PM reluctant to commit to medium-term climate goals: newspaper
[MELBOURNE] Australia's government is in no rush to sign up to a target of net zero carbon emissions...
PUBLISHED Jan 23, 01:44 PM
RTS Link brings significant economic, social benefits; to ease load on Causeway: Ong Ye Kung
THE Rapid Transit System (RTS) linking Singapore and Johor Baru may be a short service with only two...
PUBLISHED Jan 23, 05:50 AM
Retail rents fell 14.7% in 2020; market will remain challenging, say analysts
THE decline in retail rents gathered pace in the fourth quarter, taking the full-year drop in the Ur...
PUBLISHED Jan 23, 05:50 AM
New York state runs out of Covid-19 vaccines: governor
[NEW YORK] New York state was to run out of coronavirus vaccines on Friday, Governor Andrew Cuomo sa...
PUBLISHED Jan 23, 07:07 AM
Corporate digest
CATALIST-LISTED food and beverage operator Chaswood Resources Holdings announced on Friday that the...
PUBLISHED Jan 23, 05:50 AM
And now we have the 'hawkerpreneur'. Really?!
ONE minute I'm ranting on Facebook about the word "hawkerpreneur". The next minute I'm wranting in t...
PUBLISHED Jan 23, 05:50 AM
Brazil awaiting two million vaccine doses from India
[BRAZIL] The Brazilian government said Thursday that a shipment of two million doses of the British...
PUBLISHED Jan 22, 12:13 PM
Bitcoin drops below US$30,000 in ominous sign for crypto rally
[HONG KONG] Bitcoin slumped below US$30,000 on Friday, extending a retreat from an all-time high set...
PUBLISHED Jan 22, 12:39 PM
Ford to spend US$610m on airbag recall after losing appeal
[DETROIT] Ford Motor, after losing an appeal to federal safety regulators this week, now must spend...
PUBLISHED Jan 22, 01:33 PM
Sales of HDB resale flats hit 8-year high in 2020 as prices climb 5%
THE Housing Board (HDB) resale market ended 2020 on a strong note, with flat prices edging up in man...
PUBLISHED Jan 23, 05:50 AM
US: Stocks end mostly lower on grim Covid-19 news
[NEW YORK] Wall Street stocks finished mostly lower on Friday as investors grappled with worries ove...
PUBLISHED Jan 23, 06:03 AM
Canada says Trudeau, Biden to have first meeting 'next month'
[OTTAWA] Canadian leader Justin Trudeau and new US President Joe Biden spoke on the phone on Friday...
PUBLISHED Jan 23, 12:05 PM
Pfizer offers 40 million Covid-19 vaccine shots to poorer countries at cost
[GENEVA] Pfizer announced on Friday that it will provide up to 40 million of its Covid-19 vaccine do...
PUBLISHED Jan 23, 07:02 AM
Singapore's Covid-19 task force mulls new measures ahead of Chinese New Year
WITH just three weeks to go before the Chinese New Year, Singapore's multi-ministry task force for C...
PUBLISHED Jan 22, 05:50 AM
Retail rents fall at faster clip of 5.2% in Q4 but vacancy eases to 8.8%
Full story to come.
PUBLISHED Jan 22, 08:58 AM
Pride and caution in Wuhan on lockdown anniversary
[WUHAN, China] Exactly one year after it thrust the word "lockdown" into the global conversation, Wu...
PUBLISHED Jan 23, 12:02 PM
Daily Debrief: What Happened Today
Stories you might have missed
PUBLISHED Jan 22, 06:30 PM
Alphabet shuts Loon project to beam Internet from high-altitude balloons
[SAN FRANCISCO] Google parent Alphabet shut down Loon, an audacious project to beam internet service...
PUBLISHED Jan 22, 12:40 PM
Most STI constituents down as index ends week lower
SINGAPORE shares declined after a few days of gains, with the Straits Times Index (STI) closing 0.85...
PUBLISHED Jan 23, 05:50 AM
Property consultants upbeat about Singapore office market in second half
PROPERTY consultants are cautiously optimistic about prospects for the Singapore office market, at l...
PUBLISHED Jan 22, 08:26 PM
Retail rents fell 14.7% in 2020; market will remain challenging, say analysts
THE decline in retail rents gathered pace in the fourth quarter, taking the full-year drop in the Ur...
PUBLISHED Jan 22, 10:09 PM
New year, new ventures
WHEN it comes to building a career, there are the movers and the stayers - those who easily segue fr...
PUBLISHED Jan 22, 05:50 AM
Hong Kong to order first lockdown in Kowloon area, media says
HONG Kong for the first time will lock down tens of thousands of residents in a bid to contain a wor...
PUBLISHED Jan 23, 05:50 AM
China's Sinopec raises oil output at Shunbei field 30% in 2020
[BEIJING] China's Sinopec Corp boosted crude oil output at a comparatively newly discovered oil fiel...
PUBLISHED Jan 22, 02:52 PM
Contactless payment, membership model to reshape Singapore retail in 2021: Adyen
CONSUMERS increasingly favour technological retail experiences, but brick-and-mortar stores are not...
PUBLISHED Jan 22, 03:00 PM
Singapore office rents fall at slower clip of 3.5% q-o-q in Q4, vacancies ease
Full story to come.
PUBLISHED Jan 22, 08:44 AM
DBS says Wilmar deserves higher valuation than peers in palm-oil plays
DBS Group Research on Thursday said Wilmar International deserves a higher valuation multiple than i...
PUBLISHED Jan 22, 05:50 AM
China cracks down on fake divorces that let people buy more properties
[BEIJING] A resurgence in real estate prices in Shanghai and Shenzhen has prompted the authorities t...
PUBLISHED Jan 22, 01:51 PM
Electric-vehicle startup Aiways seeking funds at US$2b value: sources
[HONG KONG] Aichi Automobile is seeking to raise fresh funds that could value the Chinese electric-v...
PUBLISHED Jan 22, 10:45 AM
Bitcoin is no market hedge, say JPMorgan strategists
JPMorgan Chase & Co cross-asset strategists have bad news for anyone on Wall Street betting that...
PUBLISHED Jan 23, 05:50 AM
China to keep necessary monetary, fiscal policy strength this year, says Premier Li
[BEIJING] China will keep the necessary monetary and fiscal policy strength his year to stabilise ma...
PUBLISHED Jan 22, 08:20 PM
Yellen leaves door open to tax increase on wealthy Americans
TREASURY Secretary-designate Janet Yellen said she would work with lawmakers to fast-track a series...
PUBLISHED Jan 23, 05:50 AM
Shiseido in talks to sell personal-care business to CVC
[TOKYO] Shiseido Co is in advanced talks to sell its shampoo and affordable skincare business to CVC...
PUBLISHED Jan 22, 08:28 AM
Intel's new CEO commits to manufacturing, shares fall
[SAN FRANCISCO] Intel Corp's incoming chief executive officer (CEO) Pat Gelsinger pledged to regain...
PUBLISHED Jan 22, 12:54 PM
France tells its citizens: Fabric masks not enough to protect from Covid
[PARIS] The French government is now recommending that people wear surgical masks in public because...
PUBLISHED Jan 22, 07:27 AM
US housing boomed in 2020 even as pandemic slammed economy
[WASHINGTON] The US housing market boomed in 2020 even as the coronavirus pandemic caused one of the...
PUBLISHED Jan 23, 07:14 AM
CDL expecting 'material impairment loss' from investment in Sincere Property
CITY Developments Limited (CDL) is expecting to make provisions for a material impairment loss on it...
PUBLISHED Jan 22, 05:50 AM
Japan privately concludes Tokyo Olympics should be cancelled due to coronavirus
[TOKYO] Japan's government has privately concluded the Tokyo Olympics will have to be cancelled beca...
PUBLISHED Jan 22, 08:12 AM
Reits (Jan 23-24, 2021)
Highest-yielding real estate investment trusts
PUBLISHED Jan 23, 05:50 AM
Even with fewer courses to play on, golf is very much alive
THE game of golf has been played in Singapore for well over a century, with the likes of Keppel Club...
PUBLISHED Jan 23, 05:50 AM
Oil falls on China's Covid-19 cases, high crude build
[NEW YORK] Oil prices fell on Friday, weighed down by a build in US crude inventories and worries th...
PUBLISHED Jan 23, 06:21 AM
ADDA doesn't add up
EVER wonder what goes through a dog's mind when he's hot on the trail of a scent and suddenly realis...
PUBLISHED Jan 22, 05:50 AM
iSTOX raises US$50m as new Tokyo-backed investors come aboard
SINGAPORE Exchange-backed (SGX) digital securities platform iSTOX has raised US$50 million in Series...
PUBLISHED Jan 22, 05:50 AM
Hong Kong Life Insurance owners revive sale after failed deal
THE owners of Hong Kong Life Insurance Ltd are reviving a sale of the business after a deal was scra...
PUBLISHED Jan 23, 05:50 AM
Canada fund adds billions to Asia stock bets and plans even more
[TORONTO] Ontario Municipal Employees' Retirement System almost quadrupled its stock holdings in the...
PUBLISHED Jan 22, 12:06 PM
CICT's malls post negative 6.6% rent reversions in FY20; DPU falls 15.4% for Q4
RENTAL reversions at Capitaland Integrated Commercial Trust (CICT)'s malls were a negative 6.6 per c...
PUBLISHED Jan 22, 05:50 AM
Sick of working from home? Dread daily commute? Go hybrid, says office provider
IT'S almost a year into the pandemic, and for many of us the novelty of working from home has well a...
PUBLISHED Jan 22, 05:50 AM
Yellen leaves door open to tax increase on wealthy Americans
[WASHINGTON] Treasury Secretary-designate Janet Yellen said she would work with lawmakers to fast-tr...
PUBLISHED Jan 22, 09:43 AM
China cracks down on fake divorces that let people buy more properties
A RESURGENCE in real estate prices in Shanghai and Shenzhen has prompted authorities to rein in spec...
PUBLISHED Jan 23, 05:50 AM
Biden signs 17 executive orders, memorandums and proclamations on his first day at work
US President Joe Biden unleashed a full-scale assault on his predecessor's legacy on Wednesday, acti...
PUBLISHED Jan 22, 05:50 AM
Europe: Stocks sapped by weak economic data, travel curbs
[BENGALURU] European stocks ended lower on Friday, closing out another lacklustre week as business a...
PUBLISHED Jan 23, 06:14 AM
Japan's consumer prices fall at decade-fast pace, add to deflation fears
[TOKYO] Japan's core consumer prices fell one per cent in December from a year earlier, the fastest...
PUBLISHED Jan 22, 08:01 AM
I grew up witnessing forced labour. US companies must step up
FORCED labour has been a central part of China's campaign against the Uighurs for as long as I can r...
PUBLISHED Jan 23, 05:50 AM
US: S&P, Nasdaq close at record highs on optimism about Biden stimulus plan
[NEW YORK] The S&P 500 and Nasdaq closed at record highs on Thursday, propelled by optimism abou...
PUBLISHED Jan 22, 06:22 AM
Google says it will shut search engine in Australia if forced to pay for news
[SYDNEY] Google said on Friday it will disable its search function in Australia if the government pr...
PUBLISHED Jan 22, 10:30 AM
China says crackdown on fintech not aimed at specific firms
[BEIJING] China's banking regulator said recent measures to rein in financial technology firms that...
PUBLISHED Jan 22, 10:03 PM
Frasers Property sets net-zero carbon goal
FRASERS Property will be the first Singapore-listed real estate company to set a net-zero carbon com...
PUBLISHED Jan 22, 05:50 AM
Biden's presidency looks promising for gold, yet rising Treasury yields may limit gains
GOLD rallied this week on the back of Janet Yellen's testimony to the US Senate and Joe Biden's inau...
PUBLISHED Jan 23, 05:50 AM
Hong Kong: Stocks close lower
[HONG KONG] Hong Kong stocks finished with a big loss on Friday, having spent most of the week enjoy...
PUBLISHED Jan 22, 04:30 PM
Penguin chairman, MD tie up with Dymon Asia fund to take firm private
PENGUIN International on Thursday said a consortium comprising its executive chairman, managing dire...
PUBLISHED Jan 22, 05:50 AM
US Congress moves toward approving Biden's defence secretary pick
[WASHINGTON] The US House of Representatives and Senate backed a waiver on Thursday that paved the w...
PUBLISHED Jan 22, 08:06 AM
Deal-making in a pandemic
OBSERVING the transaction landscape covering mergers and acquisitions (M&A), private equity (PE)...
PUBLISHED Jan 22, 05:50 AM
IBM revenue disappoints as software sales mark rare decline
[BENGALURU] IBM Corp missed Wall Street estimates for quarterly revenue on Thursday, hurt by a rare...
PUBLISHED Jan 22, 07:34 AM
US dollar slides for third day on economic data, stimulus expectations
[NEW YORK] The US dollar fell for a third straight session on Thursday, with investors seeking out h...
PUBLISHED Jan 22, 06:45 AM
Flights of fancy
BEYOND Neon Pigeon's unreadable floor-to-ceiling facade of dark glass, broken only by the neon-pink...
PUBLISHED Jan 23, 05:50 AM
Australia: Shares edge lower; post weekly gain on US stimulus plan
[SYDNEY] Australian shares eased slightly after three sessions of gains on Friday, but ended the wee...
PUBLISHED Jan 22, 02:30 PM
Chinese vaping firm RLX raises US$1.4b in US IPO: sources
[NEW YORK] Chinese vaping firm RLX Technology sold shares in its US initial public offering (IPO) on...
PUBLISHED Jan 22, 01:09 PM
FedEx gears up to distribute Covid-19 vaccines regionally
WITH Singapore looking to be a hub for distributing Covid-19 vaccines to the region, major logistics...
PUBLISHED Jan 22, 05:50 AM
Ant Group 'could be worth below 700b yuan' on crackdown
ANT Group's valuation may be cut further under new measures proposed by China to curb market concent...
PUBLISHED Jan 22, 05:50 AM
FCT reports 96.4% retail portfolio occupancy for Q1 FY21
THE manager of Frasers Centrepoint Trust (FCT) said on Thursday that its performance for the final t...
PUBLISHED Jan 22, 05:50 AM
In Spain, hospitals pay the price for Christmas festivities
[BARCELONA] Less than a month after Christmas, staff in the intensive care unit at Barcelona's Hospi...
PUBLISHED Jan 22, 01:03 PM
VW posts US$12.2b profit in resilient pandemic year
[WOLFSBURG] Volkswagen said a robust sales recovery in the second half of last year led to strong an...
PUBLISHED Jan 22, 08:24 PM
Oceanus Group shares rise, then fall following SGX query on unusual trading activity
SEAFOOD supplier Oceanus Group has said that it is not aware of any information concerning the compa...
PUBLISHED Jan 22, 05:50 AM
Japan dismisses Olympics cancellation report as teams back Games
[TOKYO] Japan dismissed a report claiming officials see cancelling the Tokyo Olympics as inevitable...
PUBLISHED Jan 23, 07:10 AM
Liverpool's 68-game unbeaten home run ended by Burnley
[LIVERPOOL] Liverpool's 68-game unbeaten run in the Premier League at Anfield came to a stunning end...
PUBLISHED Jan 22, 08:40 AM
Japan's MUFG Bank to introduce fees on dormant accounts from July
[TOKYO] The banking unit of Japan's Mitsubishi UFJ Financial Group said on Friday it would introduce...
PUBLISHED Jan 22, 01:16 PM
Turning back time with Cartier Vintage
CARTIER doesn't just make watches - the Maison is famed for making an art out of its timekeeping ins...
PUBLISHED Jan 22, 05:50 AM
Australia: Shares on track to gain 1.5% for week on further US stimulus hopes
[BENGALURU] Australian shares were slightly lower on Friday, hurt by losses among energy and tech st...
PUBLISHED Jan 22, 09:14 AM
F&B sector has evolved over the course of 2020
THE food and beverage (F&B) industry was hit especially hard by Covid-19, with the economic down...
PUBLISHED Jan 22, 05:50 AM
To be like Fran Lebowitz
IT IS true, what she says. The New York subway will break your spirit, and crush your soul.
PUBLISHED Jan 23, 05:50 AM
Amanda Gorman makes history as she captures key moment in verse
ABOUT two weeks ago, poet Amanda Gorman was struggling to finish a new work titled The Hill We Climb...
PUBLISHED Jan 22, 05:50 AM
Bond movie 'No Time To Die' delayed again by pandemic
[LOS ANGELES] Much-delayed James Bond movie "No Time To Die" was postponed again due to the pandemic...
PUBLISHED Jan 22, 01:49 PM
Taking hawkers up the food chain
MUCH has been made of our hawker heritage, and the fierce bid to preserve that part of our culture t...
PUBLISHED Jan 22, 05:50 AM
Developer complains to EU over Apple, Google app rules after Covid game rejected
[BRUSSELS] A German app developer has filed a complaint with European Union antitrust authorities ag...
PUBLISHED Jan 22, 10:50 PM
Asia to dominate Davos virtual forum as virus-hit West struggles
[PARIS] Emerging stronger from the Covid-19 pandemic, Asia is set to dominate this year's virtual Wo...
PUBLISHED Jan 22, 01:31 PM
China's monopoly rules threaten super-app model
THE future of China's financial super-apps has been thrown into question. The central bank is defini...
PUBLISHED Jan 22, 05:50 AM
Indonesia probing whether faulty system contributed to Sriwijaya Air crash
[JAKARTA] Indonesia's air accident investigator is probing whether a problem with the autothrottle s...
PUBLISHED Jan 22, 01:01 PM
Biden unveils coronavirus plan, but says 100,000 may die over next month
[WASHINGTON] President Joe Biden unveiled a national strategy to combat the coronavirus while issuin...
PUBLISHED Jan 22, 07:42 AM
Biden calls for unity to heal divided nation
PRESIDENT Joe Biden took command of the United States on Wednesday, vowing to save the union from th...
PUBLISHED Jan 22, 05:50 AM
STI regains 3,000 level as equity markets cheer Biden's swearing-in
GLOBAL equity markets cheered the swearing-in of US president Joe Biden, as key regional indexes end...
PUBLISHED Jan 22, 05:50 AM
Malaysia's FGV says shareholders urged to reject Felda's takeover offer
[KUALA LUMPUR] The non-interested directors of Malaysian palm oil giant FGV Holdings have recommende...
PUBLISHED Jan 22, 02:21 PM
Sri Lanka to probe war crime allegations
COLOMBO] Sri Lanka will conduct an investigation into allegations its troops committed war crimes du...
PUBLISHED Jan 22, 10:23 PM
Beijing launches mass testing as China reports slight drop in daily Covid cases
[BEIJING] Beijing launched mass Covid-19 testing in parts of the city on Friday, while Shanghai was...
PUBLISHED Jan 22, 11:53 AM
Japan doubles down on Tokyo Olympics, denies report of cancellation
\ [ < W C 1 > T O K Y O < W C > \ ] < W C 1 > < D D > O r g a n i s e r s o...
PUBLISHED Jan 22, 10:37 AM
Gold slips on profit taking; stimulus bets limit losses
[BENGALURU] Gold prices eased from a two-week high on Thursday as investors booked some profit follo...
PUBLISHED Jan 22, 06:37 AM
Up close and personal with art
Jo Ho and WY Huang have enveloped the façade of National Gallery Singapore with phantasmal images an...
PUBLISHED Jan 22, 05:50 AM
Asean IPO proceeds triple in Q4 on bigger deals: EY report
PROCEEDS from initial public offerings (IPOs) in Asean rose significantly in the fourth quarter of 2...
PUBLISHED Jan 22, 05:50 AM
In Montepulciano d'Abruzzo, the gifts of simplicity
GOOD, simple, everyday wines, the kind that can be opened without ceremony or permission, hold an ex...
PUBLISHED Jan 22, 05:50 AM
London's poshest homes are sitting empty
LONDON'S luxury housing market is enduring a lonely lockdown.
PUBLISHED Jan 22, 05:50 AM
Biden to order masks, traveller quarantines in Covid fight
UNITED States President Joe Biden will push for additional travel safety during the coronavirus pand...
PUBLISHED Jan 22, 05:50 AM
US rock legend inspiring Fortescue founder's green steel revolution
[SYDNEY] Andrew Forrest, billionaire founder of iron ore empire Fortescue Metals Group, is "runnin'...
PUBLISHED Jan 22, 02:35 PM
No computer, no heat: UK's poorest struggle with homeschooling
[LONDON] With schools closed due to the coronavirus pandemic, millions of children in Britain are st...
PUBLISHED Jan 22, 12:17 PM
Corporate digest
REX International's 90 per cent owned subsidiary Lime Petroleum has obtained participating interests...
PUBLISHED Jan 22, 05:50 AM
Oil steadies after unexpected build in US crude stockpiles
[NEW YORK] Oil prices steadied on Thursday after industry data showed a surprise increase in US crud...
PUBLISHED Jan 22, 06:33 AM
Strapped developers eye New York City as next big target for gambling
WITH New York state desperately looking for new sources of revenue, real estate developers and gambl...
PUBLISHED Jan 22, 05:50 AM
Hong Kong, Shanghai: Stocks start lower
[HONG KONG] Hong Kong stocks fell in the first few minutes of trade on Friday morning, as investors...
PUBLISHED Jan 22, 11:00 AM
Business makes the case for a post-Trump reset
A PROVOCATIVE memo that was circulated among policymakers on both sides of the aisle and the Biden t...
PUBLISHED Jan 22, 05:50 AM
Thailand's trade ends 2020 on strong note with exports, imports returning to growth
THAILAND'S trade ended 2020 on a strong note, with economists expecting the export recovery to help...
PUBLISHED Jan 22, 06:27 PM
EU to ease customs delays on goods if UK sticks to Brexit rules
THE EU is prepared to ease customs delays on British goods if the UK government sticks to the Brexit...
PUBLISHED Jan 22, 05:50 AM
Biden's message of unity may not change the minds of ardent Trumpists
AMERICAN presidents have used their inaugural address to present their vision of the nation and set...
PUBLISHED Jan 22, 05:50 AM
Nestle to up sustainability spending at Nescafe brand
NESTLE is boosting sustainability spending at its flagship Nescafe coffee brand as consumers increas...
PUBLISHED Jan 22, 05:50 AM
Frankfurt icon's tenant loss shows European office market risks
GERMANY'S largest office property lost a key tenant last month, sending a warning to investors still...
PUBLISHED Jan 22, 05:50 AM
Europe: Stocks drop at open
[LONDON] European stocks fell at the open on Friday, extending the previous session's falls as the f...
PUBLISHED Jan 22, 04:37 PM
After a billion-dollar year, Australia eyes even more tech IPOs
TECHNOLOGY companies are set to make up a bigger share of initial public offerings (IPOs) in Austral...
PUBLISHED Jan 22, 05:50 AM
Europe: Stocks run out of steam after ECB; energy shares weigh
[BENGALURU] European stocks lost steam heading into the close on Thursday, weighed down by oil and r...
PUBLISHED Jan 22, 06:25 AM
Aussie slips after bleak Dec retail sales data, NZ dollar weakens
[SYDNEY] The Australian dollar slipped on Friday after disappointing retail sales data for December...
PUBLISHED Jan 22, 12:32 PM
Japan Cabinet approves bill for tougher virus measures
[TOKYO] Japan's Cabinet approved draft laws to toughen coronavirus restrictions on Frida, a move tha...
PUBLISHED Jan 22, 12:31 PM
Teams in evolution - and revolution
DWIGHT D Eisenhower, who served as the 34th President of the United States, once said: "I have alway...
PUBLISHED Jan 22, 05:50 AM
Biden administration pauses federal drilling programme in climate push
[LOS ANGELES] President Joe Biden's administration has temporarily suspended oil and gas permitting...
PUBLISHED Jan 22, 07:20 AM
Mercedes expects big things from the EQA, its compact electric car
DAIMLER held a virtual launch on Wednesday for the Mercedes-EQ EQA, a battery-powered crossover that...
PUBLISHED Jan 22, 05:50 AM
Mercedes-AMG GLB 35 review: On terror firma
WITH the GLB 35 4Matic, the division that makes Mercedes-Benz cars go a bit too fast has finally gon...
PUBLISHED Jan 22, 05:50 AM
China's New Year travel slump likely to slow consumer spending recovery
CHINA expects a sharp downturn in travel over the Chinese New Year period compared with pre-pandemic...
PUBLISHED Jan 22, 05:50 AM
Electric car maker BYD raises HK$30b in upsized sale
BYD Co, a Chinese electric-vehicle manufacturer backed by Warren Buffett, raised HK$29.9 billion (S$...
PUBLISHED Jan 22, 05:50 AM
Malaysia: Shares close higher on Friday
MALAYSIA share prices closed higher on Friday, with the FTSE Bursa Malaysia Kuala Lumpur Composite I...
PUBLISHED Jan 22, 05:40 PM
Missing the Singapore Motorshow? These could be the next best thing
COVID-19 may have put the kibosh on this year's Singapore Motorshow, but for Audi and BMW, the show...
PUBLISHED Jan 22, 05:50 AM
Bank of Japan leaves interest rates unchanged amid gloomy outlook
THE Bank of Japan left its main policy unchanged after forecasting the economy will regain more lost...
PUBLISHED Jan 22, 05:50 AM
No changes to ECB monetary policy as virus jitters grow
EUROPEAN Central Bank governors on Thursday held back from tweaking their pandemic stimulus for the...
PUBLISHED Jan 22, 05:50 AM
Seoul: Shares slip on profit-taking
[SEOUL] South Korean shares snapped a three-day winning streak on Friday, as investors booked profit...
PUBLISHED Jan 22, 03:25 PM
Australia shoppers pull back in December, outlook still strong
[SYDNEY] Australian retailers suffered their biggest sales drop in eight months in December, recoili...
PUBLISHED Jan 22, 12:29 PM
Tokyo: Stocks close lower on profit-taking
[TOKYO] Tokyo stocks closed lower Friday on profit-taking, with investors in wait-and-see mode ahead...
PUBLISHED Jan 22, 02:33 PM
Australia's Victoria state records 16 days with no community Covid
[SYDNEY] Australia's second most populous state of Victoria eased social gathering restrictions on F...
PUBLISHED Jan 22, 01:23 PM
Lotus looks to Renault's Alpine for help on electric sports car
LOTUS Cars is looking outside its Chinese owner's sprawling empire for help in preparing for an elec...
PUBLISHED Jan 22, 05:50 AM
Seoul: Stocks extend gains on tech boost
[SEOUL] South Korean shares rose on Friday for a fourth straight session and were poised to post the...
PUBLISHED Jan 22, 10:41 AM
IG buys Tastytrade as retail investors embrace derivatives
BRITAIN'S IG Group Holdings Plc agreed to buy online brokerage Tastytrade Inc for US$1 billion, pred...
PUBLISHED Jan 22, 05:50 AM
Euro gains before ECB meeting, US dollar declines
THE euro ticked higher before a meeting of the European Central Bank (ECB) on Thursday, with the US...
PUBLISHED Jan 22, 05:50 AM
Malaysia: Shares open higher on Friday
MALAYSIA share prices opened higher on Friday with the FTSE Bursa Malaysia Kuala Lumpur Composite In...
PUBLISHED Jan 22, 09:19 AM
Tokyo: Stocks open lower on Friday
[TOKYO] Tokyo stocks opened lower on Friday, with a dearth of fresh market-moving factors following...
PUBLISHED Jan 22, 08:20 AM
United Airlines pledges more cost cuts after pandemic-driven quarterly loss
UNITED Airlines Holdings Inc said on Wednesday it aims to cut about US$2 billion of annual costs thr...
PUBLISHED Jan 22, 05:50 AM
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