Thursday, Feb 13, 2020

TOP STORIES

SINGAPORE ECONOMY

Virus outbreak to buffet retail further after 2.8% fall in 2019

SINGAPORE retail sales are expected to be weak this year amid novel coronavirus...

PUBLISHED Feb 13, 2020 05:50 AM
SINGAPORE BUDGET 2020

Businesses look to targeted help measures in Budget

COMING out of 2019's slowdown, companies here have been looking to the upcoming Budget...

PUBLISHED Feb 13, 2020 05:50 AM
VIRUS OUTBREAK

Three new cases confirmed; a 'small number may succumb'

THE government on Wednesday declared that the panic buying seen last Friday as...

PUBLISHED Feb 13, 2020 05:50 AM
VIRUS OUTBREAK

200 DBS staff vacate MBFC after case confirmed

DBS on Wednesday sent home dozens of employees as a precaution after one of its staff...

PUBLISHED Feb 13, 2020 05:50 AM
OPINION: SINGAPORE BUDGET 2020

Tax jab against the novel coronavirus

THE ink on the finance minister's Budget 2020 statement would likely be moist when he...

PUBLISHED Feb 13, 2020 05:50 AM

Corporates rally to thank healthcare workers with food, transport vouchers

COMPANIES in Singapore have rallied together to show appreciation for healthcare staff...

PUBLISHED Feb 13, 2020 05:50 AM
NEW IPO

From Russia's Don Agro to SGX's Catalist with love

AGRI and dairy firm Don Agro International is hoping to get some love as it makes a...

PUBLISHED Feb 13, 2020 05:50 AM

Valentine's is not just for one day

IT'S Valentine's Day and novel coronavirus fears notwithstanding, it's still a big day...

PUBLISHED Feb 13, 2020 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Risks in Reits are not what they once were

WE'RE used to thinking of real estate investment trusts, or Reits, as defensive plays...

PUBLISHED Feb 13, 2020 05:50 AM

Prime US Reit to buy first property post-IPO, Q4 DPU up 9% against forecast

PRIME US Reit is shelling out S$165.5 million for a US property located in Sacramento...

PUBLISHED Feb 13, 2020 05:50 AM
EARNINGS OUTLOOK

Singtel's regional associates remain good value despite setbacks

MAINBOARD-LISTED telco Singtel, which posts its third-quarter results on Thursday,...

PUBLISHED Feb 13, 2020 05:50 AM

Vicom proposes share split; FY19 net profit down by 18.1%

MAINBOARD-LISTED vehicle inspection company Vicom, a subsidiary of transport operator...

PUBLISHED Feb 13, 2020 05:50 AM

Property sales lift Wing Tai Q2 profits

MAINBOARD-LISTED Wing Tai Holdings saw its earnings jump in the second quarter,...

PUBLISHED Feb 13, 2020 05:50 AM

Genting Singapore pessimistic about H1 amid virus threat

AS CASINO and leisure giant Genting Singapore capped a weaker financial showing in...

PUBLISHED Feb 13, 2020 05:50 AM

Corporate digest

ST ENGINEERING'S aerospace arm extended its partnership with South Korean airline T'...

PUBLISHED Feb 13, 2020 05:50 AM
STOCKS

STI recoups losses as virus fears recede

THE region's equity markets continued to bounce back from their early-week losses as...

PUBLISHED Feb 13, 2020 05:50 AM
CURRENCIES

Hedge funds step up purchase of USD

THE dollar held near a four-month high on Wednesday on growing hopes that the spread...

PUBLISHED Feb 13, 2020 05:50 AM

REAL ESTATE

Singapore luxury co-living comes with steep prices and no apologies

CO-LIVING concepts are largely similar across Asia. Residents pay for a private room...

PUBLISHED Feb 13, 2020 05:50 AM

Condo, HDB rents rise in January on lower volume

THE housing rental market in Singapore is likely to see a temporary slowdown in...

PUBLISHED Feb 13, 2020 05:50 AM

Retail woes hit high-end malls, leading to major landlord deal

THE fallout from the retail apocalypse in the US is putting pressure even on high-end...

PUBLISHED Feb 13, 2020 05:50 AM

Real-estate fund redemptions in US, Europe, surge on alarm over malls

REAL-ESTATE funds in the US and Europe are struggling to meet a surge in investor...

PUBLISHED Feb 13, 2020 05:50 AM

BANKING & FINANCE

Australia's CBA posts better than expected half-year profit

COMMONWEALTH Bank of Australia posted a better than expected half-year profit and said...

PUBLISHED Feb 13, 2020 05:50 AM
VIRUS OUTBREAK

Banks, telco, property firms help businesses hit by Covid-19 outbreak

BUSINESSES in Singapore facing cashflow and financial constraints due to the novel...

PUBLISHED Feb 13, 2020 05:50 AM

ABN Amro Q4 profit hurt by low interest rates, rising impairments

DUTCH bank ABN Amro reported on Wednesday fourth-quarter net income that missed...

PUBLISHED Feb 13, 2020 05:50 AM

China Life Insurance seeks backdoor listing in Hong Kong

CHINA Life Insurance (Group) Co, the parent company of the nation's largest life...

PUBLISHED Feb 13, 2020 05:50 AM

TECHNOLOGY

SAMSUNG TAKES ON APPLE

Samsung's galaxy of partnerships

SAMSUNG Electronics has signalled that it intends to compete with Apple's iOS...

PUBLISHED Feb 13, 2020 05:50 AM

Samsung unveils foldable phone and 5G Galaxy S

SAMSUNG Electronics on Tuesday unveiled a foldable smartphone shaped like a large...

PUBLISHED Feb 13, 2020 05:50 AM

Airbnb extends Beijing suspension to May

AIRBNB has extended a freeze on all Beijing business by two months, heeding tightened...

PUBLISHED Feb 13, 2020 05:50 AM

SoftBank stock surges 14% after Sprint sale wins approval

MASAYOSHI Son is finally getting some good news.

PUBLISHED Feb 13, 2020 05:50 AM

TRANSPORT

SINGAPORE AIRSHOW 2020

Rolls-Royce to add more jobs in Singapore this year

BRITISH engineering giant Rolls-Royce is set to create more jobs in Singapore this...

PUBLISHED Feb 13, 2020 05:50 AM

In brief

AIRBUS and the Civil Aviation Authority of Singapore (CAAS) on Wednesday signed a...

PUBLISHED Feb 13, 2020 05:50 AM

Nissan sues Ghosn in Japan, seeks 10b yen in damages

NISSAN Motor Co is stepping up its pursuit of claims against former chairman Carlos...

PUBLISHED Feb 13, 2020 05:50 AM

Cruise ship heads to Cambodia after Thailand bars entry

THE outcast Westerdam luxury cruise liner is headed to Cambodia to dock after Thailand...

PUBLISHED Feb 13, 2020 05:50 AM

GOVERNMENT & ECONOMY

VIRUS OUTBREAK

Xi vows China will beat virus - as economists slash forecasts

PRESIDENT Xi Jinping led a chorus of voices in Beijing expressing optimism about the...

PUBLISHED Feb 13, 2020 05:50 AM
VIRUS OUTBREAK

Virus outbreak shuts North Korea's best route around US sanctions

NORTH Korea's decision to shut the border with China to avoid the coronavirus will set...

PUBLISHED Feb 13, 2020 05:50 AM

Malaysia's central bank sees room to cut rates as GDP growth hits 10-yr low

MALAYSIA'S central bank sees room to adjust monetary policy again after economic...

PUBLISHED Feb 13, 2020 05:50 AM

LIFE & CULTURE

When disorientation is the new normal

THE. morning after the Oscars, as rain (which probably would have been snow a few...

PUBLISHED Feb 13, 2020 05:50 AM

David Hockney's The Splash sells for £23m

DAVID Hockney's Los Angeles pool painting, The Splash, fetched £23.1 million (S$41.6...

PUBLISHED Feb 13, 2020 05:50 AM

Siba the standard poodle wins Westminster Dog Show

SIBA, a black standard poodle with a meticulously groomed coat and a taste for chicken...

PUBLISHED Feb 13, 2020 05:50 AM

OPINION

Budget measures can help SMEs raise their game

Faced with global trade and geopolitical tensions, economic slowdown and uncertainties...

PUBLISHED Feb 13, 2020 05:50 AM
THE BOTTOM LINE

Harnessing technology to create a 'super-smart' society

HELPING companies digitise and invest in technology will likely form a key plank of...

PUBLISHED Feb 13, 2020 05:50 AM
EDITORIAL

Welcome use of AI as force of good to combat the novel coronavirus

AS CHINA and the rest of the world struggle to contain the deadly coronavirus, now...

PUBLISHED Feb 13, 2020 05:50 AM

Fear distorts our thinking when risk is involved

WHEN it comes to making decisions that involve risks, we humans can be irrational in...

PUBLISHED Feb 13, 2020 05:50 AM

Why 'Westlessness' is a worry for the world

AROUND 500 political and business leaders, including Emmanuel Macron, Mike Pompeo and...

PUBLISHED Feb 13, 2020 05:50 AM

Tech deal review puts VCs in regulatory purgatory

SILICON Valley is being pushed further into regulatory purgatory. Alphabet, Amazon and...

PUBLISHED Feb 13, 2020 05:50 AM
LETTER TO THE EDITOR

RHTLaw Asia LLP clarifies that it operates independently

WE wish to clarify the following points presented in the article "Sponsors' conflicts...

PUBLISHED Feb 13, 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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