Wall St ends sharply lower as pandemic fears resurge
NEW YORK (REUTERS) – Wall Street ended sharply lower on Thursday ((Nov 12) as US coronavirus infections surged and investors weighed the timeline for the mass rollout of an effective […]
S-E Asian stocks regain shine on optimism over travel
HONG KONG • South-east Asian stocks, hit particularly hard by the shutdown of tourism and other service industries, are making a comeback as optimism grows over a return to travel. […]
Rising demand for ‘second-hand’ endowment, life insurance plans in Singapore
SINGAPORE – Even as more people seem to be surrendering endowment and life plans bought from insurance companies, there is a growing trade in such policies on the resale market. […]
SembMarine expects losses to continue in Q4
Sembcorp Marine (SembMarine) continued to incur losses for its fiscal third quarter ending Sept 30, with low overall business volume and execution delays, it said yesterday in a business update. […]
How construction firms can build a sustainable future post-Covid-19
The pace of construction activity is slowly picking up here, but it is far from business as usual. Firms continue to grapple with new Covid-19 infections and labour challenges as […]
Chinese clampdown on fintech companies unlikely to affect Singapore firms: Experts
China’s fintech clampdown will probably have a limited impact on Singapore, although it could encourage investors to pivot to the city-state and local fintech companies to expand their footprint in […]
China to further tighten reins on fintech companies
BEIJING • China’s top banking watchdog doubled down on a renewed push to rein in financial technology companies such as Ant Group, promising to eliminate monopolistic practices and strengthen risk […]
Ambani wages price war with Amazon for US$200 billion India prize
MUMBAI (BLOOMBERG) – Billionaire Mukesh Ambani obliterated rivals in India’s telecommunications sector by selling US$2 data plans and free voice calls. Four years later, he’s deploying a very similar tactic […]
Oil gains nearly 3% on vaccine hopes, even as nations reimpose lockdowns
NEW YORK (REUTERS) – Oil ended nearly 3 per cent higher on Tuesday (Nov 10) as hopes that a Covid-19 vaccine is on the horizon outweighed worries about a drop […]
US shares end mixed after coronavirus vaccine high fades
NEW YORK (AFP) – Wall Street pulled back from the celebration that followed good news on a potential Covid-19 vaccine, ending Tuesday’s (Nov 10) session mixed. The benchmark Dow Jones […]
99 Group acquires real estate portal SRX
99 Group, which operates property portal 99.co, has acquired property platform and real estate data provider Singapore Real Estate Exchange (SRX) for an undisclosed sum. As part of the acquisition, […]
Philippine economy signals shaky recovery from Covid-19
MANILA • The Philippines’ economic contraction moderated in the third quarter by less than forecast, signalling an unsteady recovery from the pandemic even as movement restrictions were relaxed and businesses […]
Trafigura said to hire Temasek’s Khodor Mattar in expansion push
AMSTERDAM (BLOOMBERG) -Commodities trader Trafigura Group is hiring Temasek Holdings executive Khodor Mattar, as it seeks to team up with the world’s biggest private equity firms and sovereign funds for […]
Jack Ma’s botched Ant IPO becomes a boost for China’s state-run banks
BEIJING (BLOOMBERG) – China Merchants Bank and other state-backed lenders have emerged as the biggest winners from new regulations that derailed Ant Group’s massive stock listing, as China aims to […]
Oil soars 8% on promising Covid-19 vaccine results
NEW YORK (REUTERS) – Oil surged about 8 per cent on Monday (Nov 9), putting it on track for its biggest daily gain in more than six months after Pfizer […]
Engineer retrained to take on new role in company
Traditionally, career paths within a company progress along the lines of one’s area of expertise. But with change becoming a norm in many industries, it is not unusual for employees […]
STI up 1.19% as Asian equities rally after Biden’s election win
Singapore stocks rallied yesterday following news that Democrat challenger Joe Biden was declared president of the United States at the weekend, easing the uncertainty over the outcome of the election. […]
Asia shares, US stock futures rise on Biden victory
SYDNEY (BLOOMBERG, REUTERS) – Asia shares and US stock futures climbed on Monday (Nov 9) and the US dollar extended last week’s decline, with markets continuing to show a pattern […]
Most SMEs in S’pore confident of meeting loan repayment obligations: Survey
SINGAPORE – Seven in 10 small and medium-sized enterprises (SMEs) affected by the pandemic are confident of meeting repayment obligations for government-backed loans next year without impacting their business operations, […]