Tuesday, Nov 17, 2020

TOP STORIES

SINGAPORE PROPERTY

New home sales set to rise after falling in Oct on fewer launches, options curb

DEVELOPERS' private home sales halved in October over the preceding month amid a...

PUBLISHED Nov 17, 2020 05:50 AM
HYFLUX SAGA

End of the road for Hyflux board as court appoints interim judicial managers

HYFLUX has been placed under judicial management (JM) following the High Court's rule...

PUBLISHED Nov 17, 2020 05:50 AM

Defending against virus risks with tech tools

As Singapore reopens its borders and economy, blockchain, Bluetooth and artificial...

PUBLISHED Nov 17, 2020 05:50 AM
VIRUS OUTBREAK: REIGNITING TRAVEL

SIA's Covid cover for Singapore-HK flights may draw bubble flyers

AIR travel bubble travellers deciding to fly with Singapore Airlines (SIA) or Cathay...

PUBLISHED Nov 17, 2020 05:50 AM
VIRUS OUTBREAK: REIGNITING TRAVEL

Businesses still holding back on travel despite new green lanes

EVEN as Singapore works to establish essential business travel arrangements with other...

PUBLISHED Nov 17, 2020 05:50 AM

More Covid-19 time relief for HP, property deals

TEMPORARY Covid-19 relief for options-to-purchase as well as sale and purchase...

PUBLISHED Nov 17, 2020 05:50 AM

Bright prospects for precision engineering that supports 5G, IoT: Chan Chun Sing

LARGE companies will be able to get more financial support from the government under...

PUBLISHED Nov 17, 2020 05:50 AM
MEGA TRADE DEAL

Auto, tech stocks drive Asian markets' rally after RCEP pact

NEWS of a trade pact formed between China and 14 other Asia-Pacific countries lifted...

PUBLISHED Nov 17, 2020 05:50 AM
OPINION

RCEP a shot in the arm for Singapore, Asean economies

SUNDAY'S milestone signing of the Regional Comprehensive Economic Partnership (RCEP)...

PUBLISHED Nov 17, 2020 05:50 AM

11 former Robinsons staff seek help from MOM and TADM

SOME 11 former employees of Robinsons have approached the Ministry of Manpower (MOM)...

PUBLISHED Nov 17, 2020 05:50 AM

China output, retail sales continue to grow in Oct with virus under control

CHINA'S factory output continued to expand in October, as did the country's retail...

PUBLISHED Nov 17, 2020 05:50 AM

COMPANIES & MARKETS

HOT STOCKS

Medtecs climbs 12% as company eyes mainboard transfer

SHARES of Medtecs International ended Monday higher, even as other healthcare plays...

PUBLISHED Nov 17, 2020 05:50 AM

Genting Singapore jumps to five-month high on surprise earnings rebound

SHARES of integrated resort operator Genting Singapore, its Malaysian counterpart and...

PUBLISHED Nov 17, 2020 05:50 AM

Changing hands

Tracking fund flows in the Singapore stock market

PUBLISHED Nov 17, 2020 05:50 AM

Starburst chairman, MD, CFO interviewed in corruption probe

SHARES of Starburst Holdings, which designs and installs anti-ricochet ballistic...

PUBLISHED Nov 17, 2020 05:50 AM

Mapletree Industrial Trust awards S$127.1m Kallang contract to Lum Chang

CONSTRUCTION player Lum Chang Holdings on Monday said its wholly-owned subsidiary Lum...

PUBLISHED Nov 17, 2020 05:50 AM

Businessman makes offer for Blumont at 80% discount

BUSINESSMAN Mark Wee Liang Yee has triggered a mandatory unconditional cash offer to...

PUBLISHED Nov 17, 2020 05:50 AM
LETTER TO THE EDITOR

Oxley: Committed to providing shareholders, investors with regular disclosures

I REFER to The Business Times' article written by Tay Peck Gek titled "Multiple...

PUBLISHED Nov 17, 2020 05:50 AM

Corporate digest

MALAYSIAN glove maker Top Glove on Monday said that it will seek clarification with...

PUBLISHED Nov 17, 2020 05:50 AM
STOCKS

Asian indices up on Monday on RCEP deal; STI finishes 1.4% higher

NEWS of the freshly inked Regional Comprehensive Economic Partnership (RCEP) deal, a...

PUBLISHED Nov 17, 2020 05:50 AM
CURRENCIES

Euro edges higher as vaccine, recovery hopes lift spirits

THE euro inched higher on Monday, as investors began the week in a relatively upbeat...

PUBLISHED Nov 17, 2020 05:50 AM

REAL ESTATE

CapitaLand to grow China exposure in high-growth sectors

CAPITALAND has targeted to grow its China exposure in the "new economy" sector to S$5...

PUBLISHED Nov 17, 2020 05:50 AM

China Evergrande feels the squeeze in key shadow financing market

CHINA Evergrande Group has seen a steep drop in its main source of non-bank financing...

PUBLISHED Nov 17, 2020 05:50 AM

China Oct new home prices cool, property investment accelerates

CHINESE new home prices grew at a slower monthly pace in October, data showed on...

PUBLISHED Nov 17, 2020 05:50 AM

Walmart sells majority stake in Japanese chain Seiyu

WALMART is selling a majority stake in Japanese supermarket chain Seiyu to investment...

PUBLISHED Nov 17, 2020 05:50 AM

Singapore seen as one of most active capital sources in 2021

SINGAPORE is expected to be among the top five sources of active capital in 2021, with...

PUBLISHED Nov 17, 2020 05:50 AM

Five shophouses, three Bukit Timah Plaza retail units for sale

MORE shophouses in Singapore have come to the market, with five along Tras Street,...

PUBLISHED Nov 17, 2020 05:50 AM

Simon Property cuts purchase price for Taubman stake as Covid hurts retail

SIMON Property Group Inc, the biggest US mall operator, will cut its purchase price...

PUBLISHED Nov 17, 2020 05:50 AM

GIC enters into JV deal to acquire, develop logistics properties in Europe

GIC has entered into a joint-venture (JV) agreement with Europe's Melcombe Partners to...

PUBLISHED Nov 17, 2020 05:50 AM

BANKING & FINANCE

PBOC tries to soothe nerves after SOE debt shocks

CHINA'S central bank injected more than US$120 billion into the country's banking...

PUBLISHED Nov 17, 2020 05:50 AM

PNC to buy BBVA's US banking arm for US$11.6b

PNC Financial Services Group said on Monday it would buy the US business of Spanish...

PUBLISHED Nov 17, 2020 05:50 AM

Thai central bank has tools to handle strong baht: minister

THAILAND'S central bank has the necessary policy tools to handle the strengthening of...

PUBLISHED Nov 17, 2020 05:50 AM

Saudi Aramco turns to bonds to help fund US$75b dividend

SAUDI Aramco, the world's biggest oil company, is set to return to the bond markets...

PUBLISHED Nov 17, 2020 05:50 AM

ENERGY & COMMODITIES

Ovo Energy, Shell unit to turn Spanish homes into virtual power plants

OVO Energy Ltd has partnered a Royal Dutch Shell Plc subsidiary to offer rooftop solar...

PUBLISHED Nov 17, 2020 05:50 AM

TECHNOLOGY

Supply chain players developing common infrastructure to share data

A COMMON infrastructure that allows for the open and trusted sharing of data across...

PUBLISHED Nov 17, 2020 05:50 AM

CONSUMER

India's top retail trade body says Deepavali sales up 10.8% on-year

INDIA'S top retail trade body said on Sunday that sales during the country's Deepavali...

PUBLISHED Nov 17, 2020 05:50 AM

TRANSPORT

Korean Air eyes top-10 world ranking with 1.8t won Asiana deal

SOUTH Korea's two biggest airlines plan to merge, with Korean Air Lines Co acquiring...

PUBLISHED Nov 17, 2020 05:50 AM

Qantas looks to post-Covid future at subdued 100th birthday celebration

AUSTRALIA'S Qantas Airways Ltd, the world's third-oldest airline, on Monday marked its...

PUBLISHED Nov 17, 2020 05:50 AM

China's thirst for luxury keeps eastern Europe cranking out cars

CHINESE appetite for high-end cars is proving to be a boon for eastern European...

PUBLISHED Nov 17, 2020 05:50 AM

GOVERNMENT & ECONOMY

Moderna says experimental Covid vaccine 94.5% effective

MODERNA Inc said on Monday its experimental vaccine was 94.5 per cent effective in...

PUBLISHED Nov 17, 2020 05:50 AM

Asia reaches crossroads in fight against virus as cases surge

COUNTRIES across the Asia-Pacific region reported record new coronavirus numbers and...

PUBLISHED Nov 17, 2020 05:50 AM

Indonesia firms sign US$1b deal with Aussie healthcare providers

INDONESIAN companies have signed a US$1 billion agreement with Australian healthcare...

PUBLISHED Nov 17, 2020 05:50 AM

One in 5 Aussie BNPL users missed payments

ONE in five consumers using buy-now-pay-later (BNPL) services were missing payments...

PUBLISHED Nov 17, 2020 05:50 AM

Britain decouples from EU with delay to bank, investment rules

NEW capital rules for banks and investment firms will be implemented at the start of...

PUBLISHED Nov 17, 2020 05:50 AM

LIFE & CULTURE

Schubert's hidden depths

I first got to know the 20 songs of Franz Schubert's Die Schöne Müllerin (The...

PUBLISHED Nov 17, 2020 05:50 AM

Universal tops faltering US box office with Freaky

COMCAST Corp's Universal Pictures is betting a movie about a serial killer who hunts...

PUBLISHED Nov 17, 2020 05:50 AM

Marie-Antoinette's silk slipper fetches 43,750 euros at auction

A WHITE shoe made of silk and goat leather that belonged to Marie-Antoinette, France's...

PUBLISHED Nov 17, 2020 05:50 AM

SME

Defending against virus risks with tech tools

AS Singapore takes a cautious, risk-managed approach to reopening its borders and...

PUBLISHED Nov 17, 2020 05:50 AM

Iras simplifies corporate tax filing process for SMEs

FILING corporate taxes for 2020 will become easier for small and medium-sized...

PUBLISHED Nov 17, 2020 05:50 AM

OPINION

EDITORIAL

The US election's done and dusted, time for Trump to make graceful exit

THE US election for the presidency is over. Or is it?

PUBLISHED Nov 17, 2020 05:50 AM

Back in business, but with new management

FOR much of the recent election campaign President-elect Joe Biden has criticised...

PUBLISHED Nov 17, 2020 05:50 AM
THE BOTTOM LINE

Covid crisis comes with challenges but also offers opportunities

AS recessions go, Covid was an unusually deep one, with many advanced and emerging...

PUBLISHED Nov 17, 2020 05:50 AM

Republicans' touted roadblock has five big holes in it

THE US election has passed without any big surprises, and the enthusiastic reaction in...

PUBLISHED Nov 17, 2020 05:50 AM

Why cracks are showing in the 'BRICS wall'

RUSSIAN President Vladimir Putin hosts on Tuesday the 2020 BRICS summit with his...

PUBLISHED Nov 17, 2020 05:50 AM

Asean's digital economy offers potential in post-Covid world

THE Brunei government, as it takes over the Asean chairmanship in 2021, faces the...

PUBLISHED Nov 17, 2020 05:50 AM

BREAKING NEWS

Nov 25, 2020 07:22 PM

York Capital to spin off US$2.7b Asia hedge fund firm

[NEW YORK] York Capital Management's move to exit most of its hedge fund business will lead to the creation of a...

Nov 25, 2020 06:30 PM

Daily Debrief: What Happened Today

Stories you might have missed

Nov 25, 2020 06:27 PM

Eurozone house prices set for reality check as pandemic bites: ECB

[FRANKFURT] House prices in the eurozone are in for a reality check as a pandemic-induced recession pushes more...

Nov 25, 2020 06:04 PM

Singapore shares fall despite Wall Street advance; STI down 0.8%

LOCAL shares ended Wednesday in the red, having given up their gains from earlier on in the trading day as investor...

Nov 25, 2020 05:58 PM

Indonesia's coal gasification programme needs subsidy: industry experts

[JAKARTA] Indonesia would need to subsidise the coal-derived substitute that it has hung its hopes on to reduce its...

Nov 25, 2020 05:50 PM

Emirates sees 2022 return of jumbo A380s as travel recovers

[DUBAI] Emirates sees a sharp recovery in demand for air travel next year as coronavirus vaccines are distributed...