Wednesday, Feb 12, 2020

TOP STORIES

VIRUS OUTBREAK

Outbreak may slash visitor arrivals 25-30%; STB not counting on V-shaped recovery

SINGAPORE'S tourism-linked sectors are in for a rough ride - visitor arrivals may fall...

PUBLISHED Feb 12, 2020 05:50 AM
SINGAPORE BUDGET 2020

'Time for targeted SkillsFuture top-ups' in Budget

FOUR years after the SkillsFuture campaign gave every Singaporean over 25 an initial S...

PUBLISHED Feb 12, 2020 05:50 AM
BT EXCLUSIVE

Ten years on, Singapore's Asia Genesis hedge fund plans comeback

LOCAL hedge fund manager Chua Soon Hock is back in business after a 10-year hiatus....

PUBLISHED Feb 12, 2020 05:50 AM
VIRUS OUTBREAK

IT Show among major events postponed

IN light of uncertainties from the novel coronavirus outbreak, the organiser of...

PUBLISHED Feb 12, 2020 05:50 AM
VIRUS OUTBREAK

2 new novel coronavirus cases in Singapore

TWO more novel coronavirus cases have been confirmed in Singapore, the Ministry of...

PUBLISHED Feb 12, 2020 05:50 AM
SINGAPORE AIRSHOW 2020

JTC signs record S$500m of deals at airshow

JTC Corporation signed a record S$500 million worth of deals at the Singapore Airshow...

PUBLISHED Feb 12, 2020 05:50 AM
VIRUS OUTBREAK

Intel, Vivo, LG drop out of key mobile fair

US chip giant Intel and Chinese phonemaker Vivo withdrew from the Mobile World...

PUBLISHED Feb 12, 2020 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Singapore incumbent banks should launch digital offensive in Asean

THERE was a scramble for non-bank players to speed-date the traditional lenders in...

PUBLISHED Feb 12, 2020 05:50 AM

ST Engineering clinches 5-year Qantas maintenance deal

ST Engineering on Tuesday said its aerospace arm has secured a five-year nacelle...

PUBLISHED Feb 12, 2020 05:50 AM

OCBC downgrades SIAEC to 'sell' as virus weighs on travel demand

OCBC Investment Research has downgraded SIA Engineering Company (SIAEC) to a "sell"...

PUBLISHED Feb 12, 2020 05:50 AM

Equity trading on SGX still strong in January despite growing fears over virus

TRADING in Singapore stocks held strong last month, despite it being a traditionally...

PUBLISHED Feb 12, 2020 05:50 AM

Axcelasia to sell key unit in Malaysia, considering 'various options available'

CATALIST-LISTED professional services firm Axcelasia Inc is moving to sell off its...

PUBLISHED Feb 12, 2020 05:50 AM

Corporate digest

EU Yan Sang has debunked media reports of the company going on sale, referring to them...

PUBLISHED Feb 12, 2020 05:50 AM
TOPLINE/BT EXCLUSIVE

It's not end of the road for taxi business: Trans-cab boss

HIS first mode of transportation was the humble bicycle, which he upgraded to a...

PUBLISHED Feb 12, 2020 05:50 AM
STOCKS

STI takes breather from virus worries

Singapore's Straits Times Index (STI) clawed back most of the previous session's...

PUBLISHED Feb 12, 2020 05:50 AM
CURRENCIES

USD at 4-month high, yield-seeking tactics pay off

THE dollar climbed to a four-month high against its rivals on Tuesday and closed...

PUBLISHED Feb 12, 2020 05:50 AM

REAL ESTATE

Jan condo resale prices inch up; Feb data likely to show virus impact

RESALE prices for non-landed private residential properties in Singapore rose slightly...

PUBLISHED Feb 12, 2020 05:50 AM

HDB launches over 3,000 BTO flats in first exercise for 2020

THE Housing and Development Board (HDB) launched 3,095 Build-To-Order (BTO) flats in...

PUBLISHED Feb 12, 2020 05:50 AM
VIRUS OUTBREAK

China's home sales plunge 90% in first week of February

HOME sales in China have been dealt a huge blow by the spreading novel coronavirus...

PUBLISHED Feb 12, 2020 05:50 AM
VIRUS OUTBREAK

HK banks unveil relief measures for mortgage borrowers hit by coronavirus

AT LEAST two banks in Hong Kong have introduced relief measures for home mortgage...

PUBLISHED Feb 12, 2020 05:50 AM

BANKING & FINANCE

VIRUS OUTBREAK

World Bank: New China loans not needed to fight coronavirus given ample reserves

THE World Bank is offering technical assistance to China to help battle the...

PUBLISHED Feb 12, 2020 05:50 AM

'Some IFIs are deepening poor countries' debt crisis'

WORLD Bank president David Malpass on Monday chided other development banks for...

PUBLISHED Feb 12, 2020 05:50 AM

Macquarie sticks to lower profit guidance, preps for low-carbon projects

AUSTRALIAN financial conglomerate Macquarie Group disappointed some analysts and...

PUBLISHED Feb 12, 2020 05:50 AM

BlackRock's new climate promise not enough to stop the protests

LARRY Fink said last month he would thrust climate change concerns to the centre of...

PUBLISHED Feb 12, 2020 05:50 AM

TRANSPORT

STRAIT TALK: VIRUS OUTBREAK

Shipping must be prepared for wider spread of virus

UNFORTUNATELY, everybody in Singapore is now all too aware of the novel coronavirus...

PUBLISHED Feb 12, 2020 05:50 AM
SINGAPORE AIRSHOW

Virus fears, US-China diplomacy loom over Singapore Airshow

SINGAPORE kicked off Asia's largest aerospace event under heightened scrutiny on...

PUBLISHED Feb 12, 2020 05:50 AM

Thailand bars entry to cruise ship with no known virus cases aboard

THAILAND has barred passengers from Holland America's cruise ship, the Westerdam, from...

PUBLISHED Feb 12, 2020 05:50 AM

In Brief

COLLINS Aerospace Systems, a unit of New York-listed United Technologies Corp, opened...

PUBLISHED Feb 12, 2020 05:50 AM

GOVERNMENT & ECONOMY

EU rejects calls for permanent access for London financial firms

THE European Union swiftly rebuffed calls from the UK government that London's...

PUBLISHED Feb 12, 2020 05:50 AM

Jokowi urges Cabinet to step up spending to shield economy from virus

INDONESIAN President Joko Widodo has called for fiscal stimulus to be accelerated in a...

PUBLISHED Feb 12, 2020 05:50 AM

WEALTH & INVESTING

World's happiest people seek road to financial smarts

THE most cheerful people on Earth are about to get some help managing their finances...

PUBLISHED Feb 12, 2020 05:50 AM

Focus on animal welfare guides 2 vegan funds

INVESTING well is hard enough, and introducing your personal values into the mix only...

PUBLISHED Feb 12, 2020 05:50 AM

OPINION

White House race: battle of the billionaires?

THEY had counted on Special Counsel Robert Mueller to indict him for his alleged "...

PUBLISHED Feb 12, 2020 05:50 AM
THE BOTTOM LINE

Germany must take the lead in Europe's innovation move

THE mood in Germany is bleak, and not just because of the country's current economic...

PUBLISHED Feb 12, 2020 05:50 AM
EDITORIAL

New coronavirus outbreak threatens green shoots of global recovery

THE global economy has been on the mend since the last quarter of 2019, thanks in no...

PUBLISHED Feb 12, 2020 05:50 AM

AI for the new decade in Singapore

AT THE recent World Economic Forum 2020, Singapore unveiled a trio of artificial...

PUBLISHED Feb 12, 2020 05:50 AM

Asia must lead in tackling the plastic waste crisis

OUR world has a plastic waste crisis and Asia is at the epicentre.

PUBLISHED Feb 12, 2020 05:50 AM

Asean needs to consider its response to US-China conflict

LAST year was the year in which the US-China conflict that disrupted the East Asian...

PUBLISHED Feb 12, 2020 05:50 AM
A SMART LOOK AT INVESTING

3 lessons from owning Reits for 15 years

I BOUGHT units of Suntec Reit in 2005. I still own all the units today. Real estate...

PUBLISHED Feb 12, 2020 05:50 AM

BREAKING NEWS

Feb 18, 2020 04:53 PM

Budget 2020: Basic Retirement Sum set at S$93,000 for those turning 55 next year

THE Basic Retirement Sum (BRS) will continue to increase by the same 3 per cent per year for the next two cohorts,...

Feb 18, 2020 04:49 PM

Budget 2020: Singaporeans above 21 to get one-off cash payout of up to S$300

All Singaporeans above 21 will receive a one-off cash payout of up to S$300 as part of the government's S$1.6...

Feb 18, 2020 04:42 PM

Hong Kong protests hurt Holiday Inn-owner IHG, sees pain from virus outbreak

[BENGALURU] Holiday Inn-owner InterContinental Hotels Group reported on Tuesday a slight dip in annual room revenue...

Feb 18, 2020 04:41 PM

Hong Kong: Stocks close lower

[HONG KONG] Hong Kong stocks closed sharply lower on Tuesday as the deadly new coronavirus took a toll on corporate...

Feb 18, 2020 04:39 PM

Budget 2020: Self-help groups to get S$10m grant to support needy families amid virus outbreak

THE Singapore government will provide a S$10 million grant to self-help groups over two years, Deputy Prime Minister...

Feb 18, 2020 04:32 PM

Budget 2020: Boost in bursaries, other financial assistance for students

STUDENTS from lower-income families will receive further financial help form the government, Deputy Prime Minister...

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