Thursday, Sep 10, 2020

TOP STORIES

ONLINE RETAIL SALES

Strong start to 9.9 sales event keeps businesses upbeat on e-tailing

DESPITE the economic uncertainty, e-commerce players say they remain upbeat about the...

PUBLISHED Sep 10, 2020 05:50 AM

August new home sales surge to 11-month high on pent-up demand

PENT-up demand continues to drive new home sales with 1,227 units sold in Singapore in...

PUBLISHED Sep 10, 2020 05:50 AM

The new office plan - coworking spaces

AS the global pandemic continues to reshape our lives, so too is it changing the way...

PUBLISHED Sep 10, 2020 05:50 AM

MAS to step up 'supervisory engagement' to ensure banks meet Sora transition timelines

THE Monetary Authority of Singapore (MAS) will be stepping up supervisory engagement...

PUBLISHED Sep 10, 2020 05:50 AM
VIRUS OUTBREAK

Employers urged to step up flexi-hours to ease crowding risk

EMPLOYERS are urged to introduce flexi-working hours so that workers can travel during...

PUBLISHED Sep 10, 2020 05:50 AM
BT EXCLUSIVE

Joint bank accounts may come under more scrutiny in debt chase

CREDITORS can now legally seize money held in joint bank accounts under certain...

PUBLISHED Sep 10, 2020 05:50 AM
COMMENTARY

The issue is not foreign talent but transparency in the process

DBS was last week named world's best bank - the third consecutive year it has received...

PUBLISHED Sep 10, 2020 05:50 AM

Deputy AG to lead review of case linked to Liew Mun Leong; AG recused

DEPUTY Attorney-General (DAG) Hri Kumar Nair will lead the review into the case of...

PUBLISHED Sep 10, 2020 05:50 AM

COE premium for Cat B cars tops S$40,000

WITH the exception of motorcycles, certificate of entitlement (COE) premiums for other...

PUBLISHED Sep 10, 2020 05:50 AM

COMPANIES & MARKETS

HOT STOCKS

SCI shares jump on Day 1 of ex-entitlements trade; Sembmarine inches lower

INVESTORS piled into shares of Sembcorp Industries (SCI) on the counter's first day of...

PUBLISHED Sep 10, 2020 05:50 AM

UOB's private equity arm discloses impact investing framework

UOB Venture Management (UOBVM), the private equity arm of UOB, has spelt out its...

PUBLISHED Sep 10, 2020 05:50 AM

Sias asks Accordia Golf Trust to address concerns over golf course divestment

THE Securities Investors Association (Singapore), or Sias, has asked the management of...

PUBLISHED Sep 10, 2020 05:50 AM

Raffles Education shares climb over 18% after Oei Hong Leong ups stake

SHARES of Raffles Education Corp sustained their gains on Wednesday afternoon after...

PUBLISHED Sep 10, 2020 05:50 AM
HOCK LOCK SIEW

Are smaller enterprise players ready to digest the 5G fibre market?

AS SINGAPORE gears up for 5G networks next year, the natural assumption is that the...

PUBLISHED Sep 10, 2020 05:50 AM

Singtel to pace out investment for 5G technology, unveils 5G-powered pop-up store

SINGTEL is pacing its investment for 5G deployment, and is on track to roll out its 5G...

PUBLISHED Sep 10, 2020 05:50 AM
BROKERS' TAKE

CGS-CIMB initiates coverage on Hi-P with 'hold'; flags growth opportunities via M&A

CGS-CIMB has initiated coverage on contract manufacturer Hi-P International with a "...

PUBLISHED Sep 10, 2020 05:50 AM

Tan Chong sells stake in associate company for 249.7b rupiah

TAN Chong International on Wednesday said it has disposed of its stake in associate...

PUBLISHED Sep 10, 2020 05:50 AM

Corporate digest

SUNNINGDALE Tech has been approached in relation to a possible transaction involving...

PUBLISHED Sep 10, 2020 05:50 AM
STOCKS

STI slips 0.2% on double whammy of US tech sell-off, vaccine delays

THE Singapore bourse was on shaky ground with the key Straits Times Index trading...

PUBLISHED Sep 10, 2020 05:50 AM
CURRENCIES

Yen rises, US dollar steadies as market slides

A STRONGER Japanese yen was the product of a build-up of worries in financial markets...

PUBLISHED Sep 10, 2020 05:50 AM

REAL ESTATE

Condo, HDB rental volumes tumble in Aug: SRX

RENTS for HDB flats and private apartments held steady in August but leasings took a...

PUBLISHED Sep 10, 2020 05:50 AM

US refinancing, delinquencies soar in divided mortgage era

THE US mortgage market shows a widening gap between winners and losers as affluent...

PUBLISHED Sep 10, 2020 05:50 AM

Frozen UK property funds clear to open as value warning lifts

FROZEN UK property funds with nearly £12 billion (S$21.3 billion) of assets face a...

PUBLISHED Sep 10, 2020 05:50 AM

SoftBank Group unveils new HQ building

SOFTBANK Group Corp on Wednesday unveiled the building that will house its new WeWork-...

PUBLISHED Sep 10, 2020 05:50 AM

Penrose condo's early-bird prices start from S$788,000 this weekend

A 99-YEAR leasehold condominium jointly developed by Hong Leong Holdings and City...

PUBLISHED Sep 10, 2020 05:50 AM

'Self-sufficient' Chinese city to reflect on coronavirus lessons

A NEW city near Beijing featuring wooden apartment blocks, rooftop farms and renewable...

PUBLISHED Sep 10, 2020 05:50 AM

BANKING & FINANCE

Brexit endgame spurs investors to buckle up for a wild ride

IN A year that's featured a global pandemic and a tidal wave of liquidity from central...

PUBLISHED Sep 10, 2020 05:50 AM

Super rich get richer on Ant after striking early deals with Jack Ma

JACK Ma's Ant Group is creating a new group of super wealthy people in China while...

PUBLISHED Sep 10, 2020 05:50 AM

Credit Suisse wins bid to stall release of rogue-banker report

CREDIT Suisse Group won a bid to stall the release of a report into how it failed to...

PUBLISHED Sep 10, 2020 05:50 AM

Sri Lanka mulls hedging options to attract foreigners

SRI Lanka is planning incentives to attract overseas investors into local-currency...

PUBLISHED Sep 10, 2020 05:50 AM

ENERGY & COMMODITIES

Natural gas getting coal's bad rep in the rich world

EVEN the cleanest fossil fuel is losing its appeal to rich nations.

PUBLISHED Sep 10, 2020 05:50 AM

TECHNOLOGY

Cloud-data company Snowflake attracts Berkshire, Salesforce to technology IPO

SNOWFLAKE Inc plans to raise as much as US$2.38 billion in one of this year's biggest...

PUBLISHED Sep 10, 2020 05:50 AM

SoftBank said to get 1.3 trillion yen in wireless stock orders

SOFTBANK Group Corp's bankers have received orders for all 1.3 trillion yen (S$16.8...

PUBLISHED Sep 10, 2020 05:50 AM

Baidu, investors in talks to raise US$2b for biotech startup

CHINESE tech giant Baidu is in talks with investors to raise up to US$2 billion over...

PUBLISHED Sep 10, 2020 05:50 AM

CONSUMER

AstraZeneca suspends Covid-19 vaccine trials after surprise illness

ASTRAZENECA Plc said it has paused global trials, including large late-stage trials,...

PUBLISHED Sep 10, 2020 05:50 AM

LVMH drops planned US$16b Tiffany takeover; bitter battle expected

FRENCH luxury goods giant LVMH said it would walk away from its planned US$16 billion...

PUBLISHED Sep 10, 2020 05:50 AM

First 5G iPhone expected at Apple online event next week

APPLE on Tuesday fired off invitations to a Sept 15 online event expected to star the...

PUBLISHED Sep 10, 2020 05:50 AM

TRANSPORT

China's biggest airshow cancelled over pandemic

CHINA'S International Aviation and Aerospace Exhibition, the country's biggest airshow...

PUBLISHED Sep 10, 2020 05:50 AM

Burning oil tanker off Sri Lanka leaves 1 km long slick

A STRICKEN oil tanker off Sri Lanka that has been on fire since last week has left a...

PUBLISHED Sep 10, 2020 05:50 AM

Ryanair cuts passenger target by 10 million

RYANAIR has cut its annual passenger target to 50 million passengers from a forecast...

PUBLISHED Sep 10, 2020 05:50 AM

World's top 10 airline stocks are all Chinese, except one

CHINESE carriers are in a sweet spot, relative to their Covid-battered peers at least...

PUBLISHED Sep 10, 2020 05:50 AM

Airbus tops Boeing on deliveries, avoids order cancellations

AIRBUS SE delivered 39 jets last month while avoiding order cancellations as it...

PUBLISHED Sep 10, 2020 05:50 AM

GOVERNMENT & ECONOMY

Asean-China talks on South China Sea to start soon

NEGOTIATIONS between Asean countries and China over a Code of Conduct for the South...

PUBLISHED Sep 10, 2020 05:50 AM

UK's new plan says it could ignore parts of Brexit divorce treaty, angering EU

BRITAIN plunged Brexit trade talks into crisis on Wednesday by publishing a Bill that...

PUBLISHED Sep 10, 2020 05:50 AM

Saudi government taps into Aramco for cash, forcing it to stall projects

THE world's biggest oil company is getting squeezed by its main shareholder, the Saudi...

PUBLISHED Sep 10, 2020 05:50 AM

Thai protesters plan big march on PM's office next week

THAI anti-government activists on Wednesday announced plans to hold an overnight...

PUBLISHED Sep 10, 2020 05:50 AM

Norwegian lawmaker nominates Trump for Nobel Peace Prize

A NORWEGIAN lawmaker has nominated Donald Trump for the Nobel Peace Prize for 2021 for...

PUBLISHED Sep 10, 2020 05:50 AM

LIFE & CULTURE

Mulan, once a sure money-spinner, becomes a problem for Disney

IT WAS supposed to be another US$1 billion blockbuster for Walt Disney Co - a live-...

PUBLISHED Sep 10, 2020 05:50 AM

Hollywood seeks virtual hype at 'hybrid' Toronto festival

HOLLYWOOD'S annual exodus to Toronto for North America's biggest film festival will be...

PUBLISHED Sep 10, 2020 05:50 AM

UBS partners Beyond Social Services to help low-income families

UBS Singapore has committed S$85,000 to Beyond Services Singapore, with the money...

PUBLISHED Sep 10, 2020 05:50 AM

Oscar academy explains new diversity rules for best picture contenders

IN JUNE, the Academy of Motion Picture Arts and Sciences, which oversees the Oscars,...

PUBLISHED Sep 10, 2020 05:50 AM

Kardashian television reality show to end after 14 years

THE American television reality show that shot Kim Kardashian and her family to fame...

PUBLISHED Sep 10, 2020 05:50 AM

OPINION

EDITORIAL

Leaderless WTO needs to reform or risk losing further relevance

THESE are particularly troubled times for the World Trade Organization (WTO), the...

PUBLISHED Sep 10, 2020 05:50 AM

The sustainability transformation

EXPECTATIONS for businesses are changing. Today's businesses are under growing...

PUBLISHED Sep 10, 2020 05:50 AM
THE BOTTOM LINE

Vaccine politics demand more from Big Pharma

AS US President Donald Trump repeatedly touts the possibility of a Covid-19 vaccine...

PUBLISHED Sep 10, 2020 05:50 AM

When dark clouds bring hope for prosperity in India

THE metaphors for optimism seem to be falling out of India's darkening sky: The...

PUBLISHED Sep 10, 2020 05:50 AM

Abenomics expected to retire with Japanese prime minister

THE official reason given for Shinzo Abe's departure as Japan's longest-serving prime...

PUBLISHED Sep 10, 2020 05:50 AM

Move aside, Trump - these women have more money and better ideas

THIS past weekend, in yet another political attack aimed at a woman with power, US...

PUBLISHED Sep 10, 2020 05:50 AM

BREAKING NEWS

Sep 19, 2020 02:45 PM

McDonald's ex-CEO says he shouldn't have to return severance

[CHICAGO] Former McDonald's Corp chief executive officer Steve Easterbrook said the restaurant chain shouldn't be...

Sep 19, 2020 02:45 PM

IPO frenzy this week nets billions for venture-capital backers

[NEW YORK] Billions of dollars could be on the way to Sand Hill Road this week, home base for Silicon Valley's...

Sep 19, 2020 02:15 PM

Ginsburg successor could shift law on abortion, healthcare act

[WASHINGTON] A conservative successor to Justice Ruth Bader Ginsburg would move the US Supreme Court closer to...

Sep 19, 2020 02:00 PM

US says UN sanctions on Iran to be reimposed Saturday. What does that mean?

[NEW YORK] US President Donald Trump's administration says that on Saturday (2000 EDT/0000 GMT Sunday) all United...

Sep 19, 2020 01:54 PM

TikTok sues Trump administration to block US ban

[WASHINGTON] TikTok asked a federal judge in Washington to block the Trump administration from enacting a ban on the...

Sep 19, 2020 01:50 PM

China's commerce ministry issues rules on 'unreliable entities' list

[BEIJING] China's commerce ministry on Saturday issued rules on its proposed list of "unreliable entities", part of...