Despite changes to the smartphone supply chain, we still expect to see these phone releases in the coming months. ( read original story ...)
DBS’s Gupta pans banks’ dividend cuts, sees Covid-19 as threat to all
Piyush Gupta, head of Singapore’s DBS Bank, tells Euromoney that scrapping dividends now is a mistake, discusses the mental stress of working from home, and says a multi-year recovery will hit banks ... ( read original story ...)
Singapore reports a record 1,426 new cases, total past 8,000
Singapore reported a record 1,426 new coronavirus cases on Monday, mostly among foreign workers, pushing its total number of confirmed infections to 8,014. The tiny city-state now has the highest ... ( read original story ...)
Asia Today: India, Singapore see record numbers of new cases
India and Singapore announced their biggest single-day spikes in new coronavirus cases on Monday, as the crisis intensifies in parts of Asia. India's spike came after the government eased one of the ... ( read original story ...)
ABN Amro Files Claims Against Singapore’s Troubled Oil Firm
ABN Amro Bank NV has become the latest lender to make a claim against a Singapore oil trading giant that filed for protection from creditors amid a plunge in oil prices. ( read original story ...)
Coronavirus: Local banks committed to interest rate between 2% and 3% for SME lending with new MAS facility
Over at United Overseas Bank (UOB),the head of group business banking Lawrence Loh noted that the value of loans provided to businesses with turnover of less than $20 million increased by 3.5 times ... ( read original story ...)
Singapore Seemed to Have Coronavirus Under Control, Until Cases Doubled
The spread suggests that it is unrealistic for the United States, Europe and the rest of the world to return to the way they were anytime soon, even if viral curves appear to flatten. ( read original story ...)
Coronavirus gives 60% boost to mobile streaming in South-East Asia
Online video weekly minutes on mobile devices leaped by 60% in aggregate across in Southeast Asia, as the coronavirus pandemic sparked lockdowns and stay at home orders. According to a survey ... ( read original story ...)
Chinese holographic AR firm WiMi IPOs, sees real profit in virtual future
The coronavirus lockdown turned WiMi’s IPO roadshow into an all-digital affair – although that may have done ... it turned out to be something of a damp squib for the founders of a company whose early ... ( read original story ...)
Merkel Warns of Relapse Risk; Singapore Cases Soar: Virus Update
Daily infections in Singapore topped 1,000, while rival financial hub Hong Kong had no new cases for the first time since March. Cases rose the least this month in Germany and the government eased ... ( read original story ...)
Coronavirus Casualty: Singapore Oil Giant Files For Bankruptcy Amid Price War And Covid-19
Hin Leong Trading (HLT), one of Singapore's largest independent oil traders, said that it failed to declare “about $800 million in futures losses over the years,” Reuters reported, citing a court ... ( read original story ...)
Why Citibank just slashed their price target on AMP
Citibank though, appears decisively more sceptical than AMP management ... pursuant to an arrangement under Regulation 32C of the Financial Advisers Regulations. Where the research is distributed in ... ( read original story ...)
COVID-19: OCBC To Offer S$1B In Gov’t-Assisted Loans To SMEs As Applications Spike 10 Times
The S$1B loan amount will exceed that of what OCBC Bank had lent to small businesses during the 2008-9 Global Financial Crisis. Many of these businesses applying for support are from the manufacturing ... ( read original story ...)
Singapore’s Zilingo Cuts Jobs After Putting Global Push on Hold
Zilingo, a fashion technology platform backed by Temasek Holdings Pte, has cut 5% of its 900-strong global workforce as part of a strategy to refocus on Asia and emerging markets, according to a ... ( read original story ...)
Singapore reports a record 1,426 new cases, total near 8,000
Singapore is reporting a record 1,426 new coronavirus cases, mostly among foreign workers, pushing its total number of confirmed infections to nearly 8,000 ... ( read original story ...)
Singapore Cases Surge; Spain, Germany Stabilize: Virus Update
Daily infections in Singapore topped 1,000 for the first time as an outbreak among migrant workers intensified, while rival financial hub Hong Kong had no new cases for the first time since March. ( read original story ...)