19 hours ago
Covid-19: DPM Heng to announce more support measures for households and businesses on April 6
asyrafkamil -
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
19 hours ago
Covid-19: All S’pore households to receive reusable masks from April 5 as Govt rethinks advice on mask use, says PM Lee
amanda.eber -
19 hours ago
Google releases location data to show if coronavirus lockdowns working in 131 countries
Angela Tan - OAKLAND, California: Alphabet's Google on Thursday (Apr 2) published reports for 131 countries showing whether visits to shops, parks and workplaces dropped in March, when many governments issued stay-at-home orders to rein the spread of the novel coronavirus. Google's analysis of location data ...
19 hours ago
Sportswear maker Puma proposes suspending dividend due to virus
Angela Tan - German sportswear maker Puma proposed on Friday to suspend its 2019 dividend given the impact of the coronavirus pandemic.
20 hours ago
Airline industry braces for lengthy recovery from COVID-19 crisis
Angela Tan - A full airline industry recovery from the coronavirus looks prolonged at best, analysts said, as new data showed international seat capacity had fallen to 23per cent of last year's levels and around half the world's airplane fleet is in storage.
20 hours ago
Supermarket sales jump in February as overall retail spending dives: Department of Statistics
gordon.feeney -
20 hours ago
3 months’ jail for unemployed man who scammed players on online game MapleStory
maria.almenoar -
20 hours ago
ADB warns global cost of COVID-19 pandemic could top US$4 trillion
Angela Tan - The coronavirus pandemic could cost the global economy $4.1 trillion as it ravages United States, Europe and other major economies, the Asian Development Bank warned on Friday
20 hours ago
SGH debunks fake memo about PM Lee testing positive for Covid-19
amanda.eber -
20 hours ago
Man loses appeal against 16-week jail term for choking NEA officer
kenneth.cjw -
20 hours ago
WATCH: PM Lee addresses nation, gives update on Covid-19 situation
maelynn -
20 hours ago
Coronavirus threatens to knock South Korea off 5G leadership perch
Angela Tan - South Korea is struggling to retain its lead in global next-generation 5G telecom services, as the coronavirus pandemic further cools sentiment of consumers whose interest in the technology has waned due to cost and quality concerns.
20 hours ago
New gambling regulator, legislation to be established by 2021
amanda.eber -
20 hours ago
All FairPrice stores to be open ‘come what may’, CEO reassures amid increased buying
amanda.eber -
21 hours ago
Investors wake up and smell the Luckin Coffee
Nisha Gopalan - [HONG KONG] Investors in Luckin Coffee, China's upstart rival to Starbucks, should have seen this coming.
21 hours ago
DBS unveils additional liquidity relief measures for SMEs, individuals
Vivien Shiao - DBS announced its third round of liquidity relief measures for individuals and small and medium-sized enterprises (SMEs) on Friday, on top of the recently unveiled relief package by the Monetary Authority of Singapore (MAS).
21 hours ago
Airline industry braces for lengthy recovery from coronavirus crisis
Angela Tan - A full airline industry recovery from the coronavirus looks prolonged at best, analysts said, as new data showed international seat capacity had fallen to 23per cent of last year's levels and around half the world's airplane fleet is in storage.
21 hours ago
Covid-19 could cost the world US$4.1 trillion, says ADB
Amala Balakrishner - SINGAPORE (Apr 3): The cost of the Covid-19 pandemic is expected to climb as high as US$4.1 trillion ($5.9 trillion), or almost 5% of the global gross domestic product (GDP), depending on the extent of the disease’s spread in the US, Europe and other major economies. Meanwhile, a quicker containm ...
21 hours ago
British supermarket Sainsbury's to remove most customer purchasing limits
Navin Sregantan - LONDON: British supermarket group Sainsbury's said on Friday it would start to remove the customer purchasing limits it imposed as a response to increased demand during the coronavirus emergency. "As stock continues to build, we have been reviewing whether we still need to limit the number of ...
21 hours ago
PM Lee to give update on Covid-19 situation at 4pm on April 3
amanda.eber -
21 hours ago
H&M's March sales tumble 46per cent as pandemic hits, sees Q2 loss
Navin Sregantan - H&M , the world's second-biggest clothing retailer, reported on Friday a 46per cent plunge in March sales as the coronavirus pandemic took its toll and said it expected to run a loss in its fiscal second quarter.
21 hours ago
CNMC Goldmine reports surge in industrial metals at Malaysia gold field
Rachel Mui - CATALIST-LISTED CNMC Goldmine Holdings on Thursday reported a significant increase in unmined silver, lead and zinc mineral resources at its Sokor gold field in Kelatan, Malaysia.
22 hours ago
EU justice chief urges US tech giants to halt virus clickbaits
Navin Sregantan - EU justice chief Vera Jourova on Thursday criticised U.S. tech giants such as Google and Facebook for making money off coronavirus-related fake news instead of putting in more efforts to stop the deluge.
22 hours ago
Traton sees some order cancellations, can't rule out job cuts: WiWo
Volkswagen's Traton commercial truck unit has seen cancellations of orders due to the coronavirus outbreak but these are manageable, its chief told a German magazine in an article published on Friday.
22 hours ago
Singapore retail sales shrink 8.6% in February; F&B among hardest hit
Sharon See - SINGAPORE'S retail sales continued their downward slide in February, shrinking 8.6 per cent year on year due to the decline in tourist arrivals and lower domestic consumption as a result of the deepening coronavirus pandemic, according to the Department of Statistics on Friday.
22 hours ago
Mexico stops brewing Corona beer, deemed non-essential in epidemic
Mexico's Grupo Modelo said on Thursday it will temporarily stop brewing Corona beer and other brands exported to 180 countries after its business activities were declared non-essential under a government order aimed at curbing the spread of the coronavirus.
22 hours ago
Coronavirus likely ended record US job growth in March
Rachel Chia - The U.S. economy likely shed jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control the coronavirus pandemic shuttered businesses and factories, confirming a recession is underway.
22 hours ago
China Jingye Construction Engineering wins tender for Jalan Papan industrial site
Rachel Chia - CHINA Jingye Construction Engineering has won the <a href="https://www.businesstimes.com.sg/real-estate/jtc-launches-2-sites-at-jal... target="_blank">tender for a 0.66 hectare industrial site at Jalan Papan</a>, JTC said on Friday.
22 hours ago
Jittery start to 2Q continues as STI dips on REIT uncertainty
Thiveyen Kathirrasan - SINGAPORE (Apr 3): The benchmark Straits Times Index (STI) slid 1.95% on Friday morning, with real estate investment trusts (REITs) leading the decline following concerns that the potential release of a Covid-19 temporary measure bill, which could absolve tenants of their rental obligations for ...
23 hours ago
M&A banking fees in Asia-Pacific fall to 8-year low in Q1: report
Vivienne Tay - BANKING fees from mergers and acquisitions (M&A) transactions in the Asia-Pacific, excluding Japan, fell to an eight-year low of US$473.1 million in the first quarter of 2020, down 39.2 per cent from a year ago, according to Refinitiv data as at April 2.
23 hours ago
Hong Kong-listed Kingboard makes third privatisation bid for Elec & Eltek at HK$18 per share
Rachel Chia - HONG Kong-listed manufacturer Kingboard Holdings is offering HK$18.07 per share, or US$2.33 at the current exchange rate, to take printed circuit board manufacturer Elec & Eltek International Holdings (E&E) private.
23 hours ago
Oil, shares slip on doubts over Saudi-Russia deal
Oil prices retreated on Friday after massive gains, while stocks in Asia edged down, as doubts grew over an oil price deal between Saudi Arabia and Russia that U.S. President Donald Trump said he had brokered.
24 hours ago
Bill to be tabled to allow for ‘safe’ GE if held during Covid-19 outbreak: Elections Dept
amanda.eber -
24 hours ago
Covid-19: New website launched to help individuals with possible symptoms decide on next course of action
amanda.eber -
1 day ago
Crude oil prices to remain low in near-term despite Trump's optimism: DBS
Jeffrey Tan - SINGAPORE (April 3): Crude oil prices are unlikely to trade significantly higher in the short-term despite US President Donald Trump’s optimism that a price war between Saudi Arabia and Russia can be resolved, according to DBS Group Research. This is because a truce is unlikely to happen without ...
1 day ago
Resilience Budget a hit with businesses, according to SBF survey
Amala Balakrishner - SINGAPORE (Apr 3): Businesses say the government’s $48.4 billion Resilience Budget have been timely and impactful in helping to meet pressing concerns such as wage costs and cash flow issues, according to an online poll of some 380 participants conducted by the Singapore Business Federation (SBF) ...