Friday, Jul 31, 2020

TOP STORIES

VIRUS OUTBREAK

Keppel breaches Temasek offer terms with S$697m record loss in Q2

KEPPEL Corporation surpassed even the worst forecasts to post a record quarterly loss...

PUBLISHED Jul 31, 2020 05:50 AM

Chinese VCs sanguine on Asean despite Covid-19 and geopolitical headwinds

THE inflow of venture capital (VC) from China into South-east Asia may slow down this...

PUBLISHED Jul 31, 2020 05:50 AM

RTS Link to boost Singapore-Johor investments

MORE than just easing traffic congestion on the Causeway, a cross-border train service...

PUBLISHED Jul 31, 2020 05:50 AM

Clash of China tech titans

CHINESE tech titans are pouring more resources into South-east Asia, driven by both...

PUBLISHED Jul 31, 2020 05:50 AM
LATEST US DATA

Covid-19 slashes US GDP by 33% in second quarter, outlook shaky

THE US economy contracted at its steepest pace since the Great Depression in the...

PUBLISHED Jul 31, 2020 05:50 AM
HOT STOCKS

Singapore banks' dividend cap to bring short-term pain, but higher payouts in end

SHARES of Singapore's local lenders extended their slide on Thursday, after the...

PUBLISHED Jul 31, 2020 05:50 AM
HIN LEONG SAGA

Xihe seeks to restructure business amid OCBC's judicial management application

OIL tanker shipowner Xihe Group, which is linked to the Lim family of troubled oil...

PUBLISHED Jul 31, 2020 05:50 AM

Grim business outlook extends to year-end: surveys

SINGAPORE businesses face bumpy and uneven prospects in the next half-year, according...

PUBLISHED Jul 31, 2020 05:50 AM

COMPANIES & MARKETS

VIRUS OUTBREAK

SIA takes further action to cut costs, including early retirement scheme

SINGAPORE Airlines (SIA) has implemented more measures to slash costs after posting a...

PUBLISHED Jul 31, 2020 05:50 AM

ESR-Reit's buyout offer for Sabana Reit unit holders 'too low', draws criticism

NOT everyone is pleased with ESR-Reit's offer to buy out unit holders of Sabana Reit,...

PUBLISHED Jul 31, 2020 05:50 AM

Singtel shareholders okay scrip payouts

SHAREHOLDERS of mainboard-listed telco Singtel can now be paid in shares instead of...

PUBLISHED Jul 31, 2020 05:50 AM

Jardine C&C's underlying profit falls 66% in H1; interim dividend halved

WITH a slump in car sales amid the Covid-19 pandemic, Jardine Cycle & Carriage (...

PUBLISHED Jul 31, 2020 05:50 AM

Corporate digest

THE net profit of contract manufacturer Hi-P fell 3.3 per cent to S$24.2 million for...

PUBLISHED Jul 31, 2020 05:50 AM

SGX surprises with higher Q4 dividend on strong set of results

THE Singapore Exchange (SGX) on Thursday surprised with a proposed final quarterly...

PUBLISHED Jul 31, 2020 05:50 AM

Catalist debutant SPCH aims to be one-stop pain shop

THE domestic market is Singapore Paincare Holdings (SPCH)'s only nerve centre. But the...

PUBLISHED Jul 31, 2020 05:50 AM

Sias doesn't endorse any Hyflux rescue deal; urges Utico to address concerns

THE Securities Investors Association (Singapore), or Sias, does not plan to endorse...

PUBLISHED Jul 31, 2020 05:50 AM
STOCKS

STI down 1.9% over the week on profit slides and misses

AS THE impact of Covid-19 becomes clearer, with more companies posting earnings...

PUBLISHED Jul 31, 2020 05:50 AM
CURRENCIES

Euro's advance slows as risk sentiment falters

THE euro retreated on Thursday after a two-month rally against the US dollar, as...

PUBLISHED Jul 31, 2020 05:50 AM

REAL ESTATE

US pending home sales exceed forecast as mortgage rates fall

AN INDEX of US pending home sales exceeded forecasts in June as borrowing costs fell,...

PUBLISHED Jul 31, 2020 05:50 AM

BANKING & FINANCE

MAS to extend US$60b swap facility with US Fed

THE Monetary Authority of Singapore (MAS) announced on Thursday that it will continue...

PUBLISHED Jul 31, 2020 05:50 AM

Singapore bank lending continues to slide in June

BANK lending in Singapore continued its decline for the fourth consecutive month in...

PUBLISHED Jul 31, 2020 05:50 AM

Lloyds profit wiped out by coronavirus bad loan provision

LLOYDS Banking Group's profit was wiped out by a fresh £2.4 billion (S$4.3 billion)...

PUBLISHED Jul 31, 2020 05:50 AM

HK's dollar peg is 'unassailable,' says StanChart CEO

STANDARD Chartered Plc chief executive officer Bill Winters said Hong Kong dollar's...

PUBLISHED Jul 31, 2020 05:50 AM

Gold steadies after 9-day rally as Fed flags risk from virus

GOLD paused after rallying for nine days to a record as investors weighed comments...

PUBLISHED Jul 31, 2020 05:50 AM

Credit Suisse to merge investment banking units, beats quarterly expectations

CREDIT Suisse trounced quarterly profit expectations and unveiled an overhaul of its...

PUBLISHED Jul 31, 2020 05:50 AM

ENERGY & COMMODITIES

Gold prices have soared to all-time highs despite a demand paradox

INVESTMENT and speculative demand mainly in the US and Europe have pushed the gold...

PUBLISHED Jul 31, 2020 05:50 AM

Shell posts massive loss of US$18.1b due to virus-hit oil market

ANGLO-DUTCH energy major Royal Dutch Shell on Thursday posted a colossal net loss of...

PUBLISHED Jul 31, 2020 05:50 AM

TECHNOLOGY

Samsung expects smartphone demand to drive second-half earnings

SAMSUNG Electronics expects a global recovery in demand for smartphones and consumer...

PUBLISHED Jul 31, 2020 05:50 AM

TRANSPORT

Renault gets 'wake-up call' with record 7 billion euro H1 loss

FRENCH carmaker Renault said it had been given a wake-up call on Thursday with a...

PUBLISHED Jul 31, 2020 05:50 AM

GOVERNMENT & ECONOMY

Covid-19 surge is slowing US economic recovery: Fed chief

THE surge in US Covid-19 cases is beginning to weigh on economic activity, the head of...

PUBLISHED Jul 31, 2020 05:50 AM

Donald Trump pushes for election delay

US PRESIDENT Donald Trump on Thursday suggested delaying the 2020 election - in which...

PUBLISHED Jul 31, 2020 05:50 AM

Germany's economic slump previews Europe's challenge

GERMANY'S economy shrank the most in at least half a century in the second quarter,...

PUBLISHED Jul 31, 2020 05:50 AM
OBITUARY

Taiwan's Lee Teng-hui championed island, defied China

FORMER Taiwan president Lee Teng-hui, who died on Thursday aged 97, was dubbed "Mr...

PUBLISHED Jul 31, 2020 05:50 AM

Hong Kong moves to crush opposition with sweeping candidate ban

HONG Kong authorities drew new red lines on the limits of dissent in the financial...

PUBLISHED Jul 31, 2020 05:50 AM

LEADERSHIP & MANAGEMENT

LEADING THROUGH DISRUPTION

When employees are also your customers...

EVEN simple relationships are complex because virtually all of them involve some...

PUBLISHED Jul 31, 2020 05:50 AM

Business leaders must walk the talk

DOZENS of companies with no track record of activism have made statements in recent...

PUBLISHED Jul 31, 2020 05:50 AM

Going beyond financial support for retrenched

RECESSION is now upon us, and with it have come the job losses that many anticipated....

PUBLISHED Jul 31, 2020 05:50 AM

OPINION

US civil unrest reinforces sense of chaos and insecurity

AT THE height of civil rights protests against racial segregation in the southern...

PUBLISHED Jul 31, 2020 05:50 AM

National Broadband Network is a part of Singapore's success story

SINGAPORE is often lauded for its robust infrastructure, its open and transparent...

PUBLISHED Jul 31, 2020 05:50 AM

Is US interest in 5G really about 5G?

5G IS A victim of its own hype. Touted as the doorway to the digital kingdom, 5G opens...

PUBLISHED Jul 31, 2020 05:50 AM

Lifestyle

Spending in a pandemic

IN another life, businessman and investor Benjamin Goh's calendar was much like that...

PUBLISHED Jul 31, 2020 05:50 AM

Freestyle living

AS an interior designer, Cherin Tan, creative director at LAANK, is tasked with...

PUBLISHED Jul 31, 2020 05:50 AM

Pandemic skin and hair solutions

CAN Covid-19 make your hair fall out? Can wearing a mask give you acne?

PUBLISHED Jul 31, 2020 05:50 AM
DINING OUT

Sushi that gives you bang for your buck

THE address says it all. Cuppage Plaza. Aka Little Japan. Where the pricey veneer and...

PUBLISHED Jul 31, 2020 05:50 AM

2016 was the perfect year, at least in Italy's Barolo wine country

THE star grape in Italy's northern Piedmont is nebbiolo, named for the misty fog that...

PUBLISHED Jul 31, 2020 05:50 AM

BREAKING NEWS

Aug 9, 2020 06:47 PM

AIA inks exclusive regional partnership with healthtech startup Holmusk

INSURER AIA has inked an exclusive regional partnership with healthtech startup Holmusk to provide digital health...

Aug 9, 2020 06:12 PM

Aspen sinks into RM13.8 million net loss for first half

MALAYSIAN developer Aspen (group) Holdings reported a RM13.8 million (S$4.5 million) net loss for the six months...

Aug 9, 2020 03:58 PM

175 new Covid-19 cases in Singapore, including 1 in the community

[SINGAPORE] There were 175 new coronavirus cases confirmed as of Sunday noon taking Singapore's total to 55,104.

Aug 9, 2020 03:48 PM

France's Macron to host donor conference for blast-stricken Lebanon

[PARIS] French President Emmanuel Macron will host US President Donald Trump and other political leaders on Sunday...

Aug 9, 2020 03:28 PM

Saudi Aramco's Q2 net profit plunges 73.4% on lower oil prices

[DUBAI] Saudi state oil group Aramco on Sunday reported a 73.4 per cent fall in second-quarter net profit, a steeper...

Aug 9, 2020 03:26 PM

Chinese firms dominate bid to build Congo dam

[JOHANNESBURG] Chinese and Spanish developers that want to build Africa's biggest hydropower plant in the Democratic...