Wednesday, Sep 16, 2020

TOP STORIES

BT EXCLUSIVE

Singapore still falling short for home-grown biotechs seeking IPO

HOME-GROWN biotech companies would rather look for opportunities further ashore than...

PUBLISHED Sep 16, 2020 05:50 AM
PROPERTY UPSWING

Recession? 2020 new home sales could top 2019's

DESPITE economic headwinds and the Hungry Ghost Festival, developers in Singapore sold...

PUBLISHED Sep 16, 2020 05:50 AM
FUTURECHINA GLOBAL FORUM

Singapore must remain open to benefit from Asia's growth: Heng

SINGAPORE can contribute to and benefit from Asia's growth only if it remains open and...

PUBLISHED Sep 16, 2020 05:50 AM
FUTURECHINA GLOBAL FORUM

More capital flows into Asean amid pandemic and US-China tensions

THE Asean region is set to see more capital inflows as companies look to diversify...

PUBLISHED Sep 16, 2020 05:50 AM
BANK JOBS

Singapore banks stick to hiring plans even as UOB freezes wages

SINGAPORE banks have stuck to staffing plans made earlier in the year, including their...

PUBLISHED Sep 16, 2020 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Analysts keep faith with UOB's organic wealth management play

AMONG the Singapore banks, UOB is generally seen to be more conservative in its wealth...

PUBLISHED Sep 16, 2020 05:50 AM

S-Reit perps market reviving; year-to-date issues total S$575m

DEMAND is returning to Singapore-listed real estate investment trust (S-Reit)...

PUBLISHED Sep 16, 2020 05:50 AM

SIA laying off cadet pilots, cabin crew trainees

SINGAPORE Airlines (SIA) is laying off its cadet pilots and cabin crew trainees as...

PUBLISHED Sep 16, 2020 05:50 AM

Quarz ups stake slightly in Sabana Reit

QUARZ Capital has raised its stake in Sabana Reit slightly from 5 per cent as it stood...

PUBLISHED Sep 16, 2020 05:50 AM

No silver lining for Singtel, StarHub's pay-TV subscriptions

PAY-TV subscriber losses in Singapore are set to increase as over-the-top (OTT)...

PUBLISHED Sep 16, 2020 05:50 AM

SingPost simplifies pricing for packages; analysts mixed on impact

SINGAPORE Post (SingPost) on Tuesday said the pricing for its local letterbox packages...

PUBLISHED Sep 16, 2020 05:50 AM

Temasek to take majority stake in micro-irrigation firm

SINGAPORE state investor Temasek has signed an agreement to acquire a majority stake...

PUBLISHED Sep 16, 2020 05:50 AM
HYFLUX SAGA

Potential Hyflux investor Pison says unsecured working group of seven creditor banks reluctant to engage it

POTENTIAL Hyflux investor Pison Investments on Tuesday said it has received 158 tender...

PUBLISHED Sep 16, 2020 05:50 AM

Mermaid Maritime exits Seadrill offshore drilling venture for US$31m

THAILAND-BASED oil service specialist Mermaid Maritime Public Co will sell its 33.76...

PUBLISHED Sep 16, 2020 05:50 AM
PUBLISHED Sep 16, 2020 05:50 AM
STOCKS

STI inches up ahead of Fed policy meeting

LOCAL market sentiment was somewhat more positive on Tuesday after US stocks had a...

PUBLISHED Sep 16, 2020 05:50 AM
CURRENCIES

Yuan surges to 16-month high on economic data

RISKY currencies gained on Tuesday, with the yuan strengthening to a 16-month high...

PUBLISHED Sep 16, 2020 05:50 AM

REAL ESTATE

Geylang clan association building for sale with S$36m guide price

A FREEHOLD institutional building at 26 Lorong 27A Geylang is up for sale via...

PUBLISHED Sep 16, 2020 05:50 AM

Sembcorp and Google sign multi-year renewable energy deal

SEMBCORP Industries has signed a multi-year renewable energy deal to provide a total...

PUBLISHED Sep 16, 2020 05:50 AM

Two land parcels for food farming up for sale by tender: SFA

THE Singapore Food Agency (SFA) on Tuesday announced it has launched two land parcels...

PUBLISHED Sep 16, 2020 05:50 AM

Wall Street firms make slow march back to the office

SL GREEN Realty Corp is opening its new US$3.3 billion office skyscraper this week, in...

PUBLISHED Sep 16, 2020 05:50 AM

BANKING & FINANCE

Citi back to trimming jobs amid scrutiny on control lapses

CITIGROUP will resume job cuts starting this week, joining rivals such as Wells Fargo...

PUBLISHED Sep 16, 2020 05:50 AM

Western banks missing out on fee bonanza from China's STAR Market IPOs

A FEE bonanza on China's Nasdaq-style STAR Market, which is set to surge with Ant...

PUBLISHED Sep 16, 2020 05:50 AM
VIRUS OUTBREAK

Insurance companies face Covid-19 hit as UK court ruling favours clients

INSURERS face the prospect of further payouts after a London court ruled in favour of...

PUBLISHED Sep 16, 2020 05:50 AM
SUSTAINABLE FINANCE

Funds and companies call for tougher 2030 EU climate target

INVESTORS managing trillions in assets and more than 120 business leaders called on...

PUBLISHED Sep 16, 2020 05:50 AM
SUSTAINABLE FINANCE

Mexico issues 'world's first' sovereign bond linked to UN sustainability goals

MEXICO on Monday issued what it described as the world's first sovereign bond linked...

PUBLISHED Sep 16, 2020 05:50 AM

TECHNOLOGY

How ByteDance's CEO baulked at selling TikTok's US business

BYTEDANCE founder and CEO Yiming Zhang's decision to drop his pursuit of a sale of...

PUBLISHED Sep 16, 2020 05:50 AM

Razer's data leak may have affected 100,000 customers globally

A SERVER misconfiguration caused gaming hardware firm Razer to potentially expose the...

PUBLISHED Sep 16, 2020 05:50 AM

CONSUMER

H&M expects profit to surge past analysts' expectations

HENNES & Mauritz (H&M) reported a return to profit that surged far past...

PUBLISHED Sep 16, 2020 05:50 AM

TRANSPORT

Former Ghosn aide Greg Kelly pleads not guilty as trial opens

GREG Kelly, a former aide to ex-Nissan chief Carlos Ghosn, pleaded not guilty on...

PUBLISHED Sep 16, 2020 05:50 AM
STRAIT TALK

Caution should prevail on restarting cruises

I AM a fan of cruising. I have been on a number of cruises with different lines. I am...

PUBLISHED Sep 16, 2020 05:50 AM

GOVERNMENT & ECONOMY

China's industrial engine hums again as consumers open wallets

CHINA'S economy continued to rebound in August with industrial output and retail sales...

PUBLISHED Sep 16, 2020 05:50 AM

Soaring company share buybacks raises corporate leverage, warns BIS

SOARING company share buybacks have been a major contributor to the equity bull market...

PUBLISHED Sep 16, 2020 05:50 AM

Tencent picks Singapore as its Asia hub after US, India bans

TENCENT Holdings Ltd has picked Singapore as its beachhead for Asia, joining rivals...

PUBLISHED Sep 16, 2020 05:50 AM

Johnson's lawbreaking Brexit bill passes first Commons hurdle

UK PRIME Minister Boris Johnson's plan to renege on part of the Brexit divorce deal...

PUBLISHED Sep 16, 2020 05:50 AM

LIFE & CULTURE

Auction prices that take your breath away

PRICES that wildly exceed expectations give a jolt of excitement to art auctions. In...

PUBLISHED Sep 16, 2020 05:50 AM

Wuhan film captures horror and humanity at coronavirus ground zero

BACK in February, when few Americans were aware of a distant and oddly named...

PUBLISHED Sep 16, 2020 05:50 AM

Messi tops football's rich list, ahead of rival Ronaldo

ARGENTINA football star Lionel Messi was denied a potentially money-spinning move away...

PUBLISHED Sep 16, 2020 05:50 AM

WEALTH & INVESTING

INVESTING GLOBALLY AND PROFITABLY

Limber up your investment portfolio for health and wealth

PANDEMIC or not, it's hard to ignore the new healthy lifestyle trend that is sweeping...

PUBLISHED Sep 16, 2020 05:50 AM

Investors push back on emerging Asia's record borrowing spree

BOND investors in three of Asia's biggest emerging markets are starting to push back...

PUBLISHED Sep 16, 2020 05:50 AM

China brokerage upstart East Money now bigger than Credit Suisse

EAST Money Information Co, founded by a 49-year-old former stock commentator, is one...

PUBLISHED Sep 16, 2020 05:50 AM

OPINION

We need to talk about liquidity

SEMBMARINE announced on Sept 7 that it had received 90.2 per cent of valid acceptances...

PUBLISHED Sep 16, 2020 05:50 AM
THE BOTTOM LINE

Germany has more pressing concerns than Brexit

CHATTING to a diplomat in Berlin last week, I suggested that Brexit probably ranked...

PUBLISHED Sep 16, 2020 05:50 AM
EDITORIAL

S'pore Convention on Mediation timely and critical to businesses, trade

OVER the weekend, an international agreement that aims to help businesses resolve...

PUBLISHED Sep 16, 2020 05:50 AM

Green recovery is key to reviving virus-hit economies

ACHIEVING our climate ambitions is more imperative now than ever. The coronavirus...

PUBLISHED Sep 16, 2020 05:50 AM

It's time to catalyse capital to boost biomed sector

COVID-19 has been the rudest wake-up call to the importance of biomedical research....

PUBLISHED Sep 16, 2020 05:50 AM

Marketing - the guardian of business reputation

MANY a global breakthrough in innovation, technology and humanity has been achieved in...

PUBLISHED Sep 16, 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...