Tuesday, Jan 12, 2021

TOP STORIES

SPAC RUSH

SGX looking into listing of special purpose acquisition companies

THE Singapore Exchange is looking into the possibility of listing special purpose...

PUBLISHED Jan 12, 2021 05:50 AM
NEW LEGAL YEAR

AGC reviewing training for prosecutors

TRAINING and guidance for prosecutors are being reviewed to strengthen the...

PUBLISHED Jan 12, 2021 05:50 AM
BT Infographics

Ten startups to watch in 2021

The Business Times picks out ten companies to keep an eye on.

PUBLISHED Jan 12, 2021 05:50 AM
HERE IN ASIA

Hong Kong's Hang Seng overhaul could offer investors more opportunities

GIVEN the historical anomaly that Hong Kong's Hang Seng Index (HSI) is skewed - with...

PUBLISHED Jan 12, 2021 05:50 AM

Continued global cooperation key to recovery: Heng Swee Keat

THE Covid-19 pandemic has given the world common cause to work together, and building...

PUBLISHED Jan 12, 2021 05:50 AM

Calls for Malaysia to have stronger Covid strategy

MALAYSIA'S latest Movement Control Order (MCO) needs to be supplemented with...

PUBLISHED Jan 12, 2021 05:50 AM
NEW LEGAL YEAR

New Senior Counsel appointed from public, private and academic sectors

THREE Senior Counsel have been appointed for the new legal year, including a managing...

PUBLISHED Jan 12, 2021 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Government bailouts of national carriers: not all are strategic assets

IRISH budget carrier Ryanair has challenged the European Commission over its decisions...

PUBLISHED Jan 12, 2021 05:50 AM

Singapore Airlines readies debut US-dollar bond; bookrunners circulate term sheet

A TERM sheet for Singapore Airlines (SIA)'s first US-dollar bond has been circulated...

PUBLISHED Jan 12, 2021 05:50 AM
HOT STOCK

Fortress Minerals soars 19.6% on earnings jump, proposed acquisition

SHARES of Fortress Minerals surged 19.6 per cent during the late morning trading...

PUBLISHED Jan 12, 2021 05:50 AM

Chip Eng Seng warns of FY2020 loss due to adverse Covid-19 impact

CHIP Eng Seng is expecting to report a FY2020 net loss in mid-February 2021 as opposed...

PUBLISHED Jan 12, 2021 05:50 AM

Corporate digest

THE High Court will hear winding-up applications against two of mainboard-listed...

PUBLISHED Jan 12, 2021 05:50 AM

Changing hands

Tracking fund flows in the Singapore stock market

PUBLISHED Jan 12, 2021 05:50 AM

Industrial Reits set to continue bullish run in 2021: analysts

DESPITE having outperformed their Singapore real estate investment trust (Reit)...

PUBLISHED Jan 12, 2021 05:50 AM

AEM launches bid to take CEI private

FRESH from a 70.8 per cent price gain on the market last year, electronics services...

PUBLISHED Jan 12, 2021 05:50 AM
BROKERS' TAKE

DBS upgrades Riverstone to 'buy', lowers target price

DBS Group Research has upgraded Riverstone Holdings to "buy" from "hold" and lowered...

PUBLISHED Jan 12, 2021 05:50 AM

UOB Kay Hian raises target price for Singapore Medical Group on potential offer

UOB Kay Hian has maintained its "buy" call on Singapore Medical Group (SMG) with a...

PUBLISHED Jan 12, 2021 05:50 AM

Ramsay Sime Darby Health Care picks banks for US$300m IPO

RAMSAY Sime Darby Health Care has picked arrangers for an initial public offering in...

PUBLISHED Jan 12, 2021 05:50 AM
STOCKS

Singapore, other regional bourses end session lower; STI down 0.31%

FOLLOWING its outperformance last week, the benchmark Straits Times Index (STI)...

PUBLISHED Jan 12, 2021 05:50 AM
CURRENCIES

Euro slips to two-week low as US yields rise

THE US dollar gained broadly on Monday as widening US Treasury yields and expectations...

PUBLISHED Jan 12, 2021 05:50 AM

REAL ESTATE

Covid-19 pandemic speeds up Barcelona's urban-greening plan

ONE of Barcelona's largest parks, named after Spanish painter Joan Miro, is just a...

PUBLISHED Jan 12, 2021 05:50 AM

Top global oil exporter Saudi Arabia launches car-free city

SAUDI Arabia, the world's top crude exporter, announced on Sunday the launch of an eco...

PUBLISHED Jan 12, 2021 05:50 AM

New York City's High Line park to get US$60m link to brand-new train station

FOR more than a decade, the High Line, an elevated park that stretches for nearly 2.4...

PUBLISHED Jan 12, 2021 05:50 AM

Half of Swiss hotels, restaurants risk bankruptcy

NEARLY half of Switzerland's restaurants and hotels risk bankruptcy within months, on...

PUBLISHED Jan 12, 2021 05:50 AM

Renovation boom in pandemic augurs well for profits, says building materials supplier

BUILDING materials supplier SIG said on Monday it expects losses for 2020 to be at the...

PUBLISHED Jan 12, 2021 05:50 AM

BANKING & FINANCE

Worst Bitcoin plunge since March shakes faith in crypto boom

THE white-knuckle Bitcoin ride took another twist on Monday as the worst two-day...

PUBLISHED Jan 12, 2021 05:50 AM

KKR raises US$3.9b in biggest Asia-Pacific infrastructure fund

KKR & Co raised US$3.9 billion for its first Asia-Pacific infrastructure fund,...

PUBLISHED Jan 12, 2021 05:50 AM

NZ central bank says it was not specific target of cyberattack

NEW Zealand's central bank said on Monday a cyberattack that breached its data systems...

PUBLISHED Jan 12, 2021 05:50 AM

Hedge funds head for cover as dollar rebound gathers pace

THE US dollar rebound is picking up pace, with signs that speculative traders are busy...

PUBLISHED Jan 12, 2021 05:50 AM

RBI squeezes money markets to spur sell-off in shorter bonds

INDIA'S key money market rates and yields on short-term debt rose after the central...

PUBLISHED Jan 12, 2021 05:50 AM

TECHNOLOGY

Samsung surges after Intel is said to consider chip outsourcing

SAMSUNG Electronics Co rose the most in almost 10 months after Intel Corp was said to...

PUBLISHED Jan 12, 2021 05:50 AM

CONSUMER

China consumer prices rise in December ahead of Chinese New Year

CHINA'S consumer prices rebounded in December, official data showed on Monday, as food...

PUBLISHED Jan 12, 2021 05:50 AM

TRANSPORT

Ship orders slump to 20-year low with owners unsure which green fuel to use

SHIP owners facing looming deadlines to use less-polluting fuels have slashed the...

PUBLISHED Jan 12, 2021 05:50 AM

China's Baidu to create a smart EV company with automaker Geely

CHINA'S search engine giant Baidu Inc said on Monday it will set up a company to...

PUBLISHED Jan 12, 2021 05:50 AM

GOVERNMENT & ECONOMY

China to push tech giants to share consumer credit data, say sources

CHINA plans to push tech giants including Ant Group, Tencent and JD.com to share...

PUBLISHED Jan 12, 2021 05:50 AM

WHO to probe virus origins in China as infections rise globally

A WORLD Health Organisation (WHO) team will finally reach China this week to start...

PUBLISHED Jan 12, 2021 05:50 AM

China's biggest daily Covid-19 case jump in 5 months

MAINLAND China saw its biggest daily increase in Covid-19 cases in over five months,...

PUBLISHED Jan 12, 2021 05:50 AM

Indonesia approves China's Sinovac vaccine; begins nationwide inoculations

INDONESIA gave Sinovac Biotech's Covid-19 vaccine its first emergency use approval...

PUBLISHED Jan 12, 2021 05:50 AM

North Korea in show of force after lambasting US

NORTH Korea appeared to stage a military parade as part of a grand party congress that...

PUBLISHED Jan 12, 2021 05:50 AM

LIFE & CULTURE

Can immersive art remain afloat when money is the object?

EVEN as the pandemic takes its toll on tourism, immersive museums and experiential art...

PUBLISHED Jan 12, 2021 05:50 AM

New hongbao notes generate 330 tons of emissions - MAS pushing for e-gifting

SINGAPORE'S tradition of gifting new bank notes during the Lunar New Year celebrations...

PUBLISHED Jan 12, 2021 05:50 AM

SME

Business opportunities aplenty in Africa: SBF

AFRICA is a vast continent that is often deemed too distant and unfamiliar to many...

PUBLISHED Jan 12, 2021 05:50 AM

OPINION

EDITORIAL

Black Wednesday at the Capitol: What Trump and Trumpism have wrought

THE events that took place on Jan 6, 2021, when a mob, incited by US President Donald...

PUBLISHED Jan 12, 2021 05:50 AM

Digital bonds: It all comes down to trust

SGX's recent 'digital bond' issuance hints at the possibilities for debt markets of...

PUBLISHED Jan 12, 2021 05:50 AM
THE BOTTOM LINE

Bitcoin eyes gold's role and cryptos are here to stay

INVESTORS in bitcoin and other cryptocurrencies have enjoyed a phenomenal run, but...

PUBLISHED Jan 12, 2021 05:50 AM

Building a safe, secure, sustainable agriculture sector in Asian countries

ASIA'S food consumption is undergoing dramatic changes driven by the region's...

PUBLISHED Jan 12, 2021 05:50 AM

US Capitol violence obscures serious foreign cyber-hacks

LAST week's siege of the US Congress by what US President-elect Joe Biden has called "...

PUBLISHED Jan 12, 2021 05:50 AM

What next for the 'Make America great again' insurrection?

WHEN people stormed the Bastille in Paris on July 14, 1789, their purpose was to free...

PUBLISHED Jan 12, 2021 05:50 AM

BREAKING NEWS

Jan 20, 2021 12:28 AM

Yellen says aid to jobless, small firms 'biggest bang' for buck

[WASHINGTON] Janet Yellen told lawmakers Tuesday that help for the unemployed and small businesses would provide...

Jan 20, 2021 12:19 AM

China defends early actions on Covid-19 after panel report

[GENEVA] China on Tuesday defended its early actions taken to fight the Covid-19 outbreak, saying that it...

Jan 19, 2021 11:54 PM

GM, Microsoft lead US$2b round for self-driving startup

[DETRIOT] General Motors and Microsoft are leading a US$2 billion investment round in self-driving car startup...

Jan 19, 2021 11:44 PM

FedEx to cut up to 6,300 jobs in Europe on TNT integration

[MEMPHIS] FedEx is planning to cut as many as 6,300 jobs in Europe as the courier completes the process of...

Jan 19, 2021 11:18 PM

US: Wall St opens higher ahead of Yellen speech, spotlight on earnings

[NEW YORK] Wall Street's main indexes rose on Tuesday after upbeat earnings from big US banks and Halliburton, while...

Jan 19, 2021 10:47 PM

Frasers Hospitality Trust expects properties in countries with domestic travel market to recover faster

FRASERS Hospitality Trust (FHT) is banking on its properties in countries with a predominant domestic travel market...