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The Business Times

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South-east Asia's leading financial news site.

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Пости за Липень 2020

134 публікацій

Societe Generale is closing its Singapore trade commodity finance unit after the collapse of Hin Leong Trading prompted the bank to halt fresh funding to such firms in the region. The bank is dismissing all front office…

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Freestyle living: The best design is no design, as this stylish apartment shows. #BTLifestyle bt.sg/47nK

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Bang for your buck: Sushi Kenji offers dependable sushi in an easy-going, no-frills ambience. #BTLifestyle bt.sg/47nD

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July 31 afternoon round-up: 1. Keppel breaches Temasek offer terms with S$697m record loss in Q2 bt.sg/47nu 2. Chinese VCs sanguine on Asean despite Covid-19 and geopolitical headwinds bt.sg/47nL 3. Xihe seeks to restruc…

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July 30 evening round-up: 1. Singapore bank lending extends fall in June for fourth consecutive month bt.sg/47WW 2. MAS to extend US$60b swap facility with US Fed bt.sg/47WP 3. Singapore firms glum about Q3 prospects as…

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Broker's take: DBS maintains 'buy' on supermarket plays Sheng Siong, Dairy Farm On potential catalysts, the analysts said Sheng Siong could eventually be a takeover target for online players such as Alibaba's Hema and Am…

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Competition to heat up at District 21 with upcoming launch The launch of Forett At Bukit Timah will deliver more options for buyers in the area. Indicative prices for the 633-unit freehold project start from S$1,800 psf.…

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Hot stocks: DBS, OCBC, UOB tumble after MAS asks to cap dividends Citi said the latest development will be viewed as negative for the Singapore banks as their dividend yields are considered an important component of the…

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Stocks to watch: SIA, Singapore banks, Sheng Siong, Hongkong Land, Sembcorp, Japfa Hin Leong owners try to block OCBC from picking at shipping units; Sheng Siong's net profit more than doubles; Singapore Airlines and Hon…

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July 30 morning round-up: 1. Airbus cuts jobs in Singapore due to pandemic impact bt.sg/47Pe 2. Best World founders should make exit offer to minority shareholders bt.sg/47Pn 3. Singapore Airlines S$1.12b in the red for…

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Singapore Airlines reports S$1.12b Q1 loss due to pandemic "Mark-to-market losses of S$464 million on ineffective fuel hedges have been recognised this quarter." The flag carrier believes that its passenger capacity may…

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MAS calls on local banks to cap this year's dividends at 60% of previous year's Shareholders should also be offered the option of receiving the dividends to be paid for FY2020 in scrip in lieu of cash, said MAS. bt.sg/47…

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July 29 evening round-up: 1. Temasek's US$3b bid in focus as Keppel set to post weak results bt.sg/47Qt 2. Utico seeks Sias endorsement as Hyflux judicial management looms bt.sg/47QF 3. Consultation report recommends pha…

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NTUC, unions rebuke 'unfair' layoffs at P&W, SIA Engineering joint venture Three unions and the National Trades Union Congress have publicly censured and halted retrenchments that reportedly affected more than a hundred…

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Singapore's total employment in Q2 sees biggest quarterly contraction on record The total number of people working shrank by 121,800, a more-than-fourfold fall compared to the decline of 25,700 in Q1. Retrenchments doubl…

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July 29 morning round-up: 1. Doctor's in, but prognosis is for a slow recovery amid weak medical tourism bt.sg/47Mf 2. BT Exclusive: SMEs appear ill-prepared for greater risks of cyberattacks as online workforce rises bt…

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July 28 evening round-up: 1. Digitalisation of local SMEs could add up to US$24b to GDP by 2024: survey bt.sg/47fo 2. All companies must file controllers' details in new ACRA central register bt.sg/47YT 3. Leader of the…

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Brokers' takes: Analysts downgrade Raffles Medical on foggy prospects of foreign patient load recovery bt.sg/47xV Maybank KE says NetLink a 'buy' as yields more stable than telcos, Reits bt.sg/47xj

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Financial results this morning: - Ascott Residence Trust DPS down 69%: bt.sg/47Ny - Great Eastern Q2 profit up 76%: bt.sg/47NF - Parkway Life Reit DPU rises 2.5%: bt.sg/47Nt - ARA Logos posts stable DPU of 1.326 S cents:…

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Teckwah Industrial urged to raise dividend amid earnings downtrend Packaging printing and logistics firm Teckwah Industrial should return more cash to shareholders as dividends, to address its lack of cash discipline and…

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July 28 morning round-up: 1. New roles for laid-off Singapore workers may not be perfect fit bt.sg/47NX 2. Defensive stance helps GIC post 20-year annualised real rate of return of 2.7% bt.sg/47N9 3. M+S bags record gree…

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July 27 evening round-up: 1. Singdollar likely to stabilise along with Covid-19 caseload, says Fitch Solutions bt.sg/47pq 2. Gold hits record high of US$1,930 per ounce on haven demand bt.sg/47pp 3. Hyflux receives lette…

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M+S bags S$1.95 billion green loan for Marina One from DBS, OCBC, UOB The developer, which is a 60:40 joint venture between Malaysian sovereign wealth fund Khazanah Nasional and Temasek Holdings, said this is the largest…

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July 27 morning round-up: 1. Air freight rates ease, but yet to come back down to earth bt.sg/47qS 2. Some insurers cut bonuses on par policies despite strong 2019 return bt.sg/47qT 3. SGX warns against use of 'earnings…

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Gourmet kimchi makers on the rise: Homegrown kimchi makers are sprouting up in Singapore to feed a growing appetite for this classic Korean condiment. #BTLifestyle 🥢 bt.sg/475o

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Weekend Interview: James Liang, co-founder of Trip.com Group Asia-US travel may only resume next year, says Mr Liang, whose company runs Trip.com, Ctrip, Skyscanner and Qunar. We speak with him about the industry and the…

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The Raffles Conversation: A mega-good match Red Hat CEO Paul Cormier tells us why combining his company's open-source software credo with IBM has been a marriage made in heaven. #rafflescon bt.sg/475k

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Classic French fare at home with Odette Its new delivery service is a boon for those who don't want the fuss of a fine dining experience. #BTLifestyle 🍽️ bt.sg/47iy

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July 25 afternoon round-up: 1. Best World must address concerns over accounting practices: SGX bt.sg/47SL 2. JB-Singapore RTS will bring economic benefit, but may not ease weekend congestion bt.sg/47S2 3. Tiong Seng CEO…

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#BRUNCH: In The Shadow of Covid Has the climate change agenda been eclipsed by the coronavirus? bt.sg/4754

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