Last quarter saw a 65% drop in profits, but it is more to the story than just that. The company's large footprint, diverse businesses, and solid balance sheet w ... ( read original story ...)
China braces for aluminum import wave as coronavirus recovery upends trade
China’s imports of aluminum are about to hit their highest levels in a decade, traders and analysts said, as an arbitrage opportunity created by demand recovery ... ( read original story ...)
Singapore Virus Infections Outside of Worker Dorms Drop to Zero
The number of new daily coronavirus cases in Singapore outside of heavily-affected migrant worker dormitories dropped to zero on June 1, marking the first time there have been no community cases since ... ( read original story ...)
Steamy Singapore Says Face Shields No Substitute for Mandatory Masks
SINGAPORE (Reuters) - Tropical city-state Singapore said on Monday it was curbing the use of face shields as a substitute for masks, as its residents look for ways to protect themselves from the ... ( read original story ...)
Singapore sets up new office to drive national digital efforts
Country's SG Digital Office has been tasked to drive digital transformation and adoption across the local community, including the elderly and traditional business segments such as hawker centres. ( read original story ...)
Bank of Singapore’s private banking assets rise despite political turmoil, Hong Kong CEO says
A former Singapore police officer, Derrick Tan readily admits he is not a tech-savvy guy.The Bank of Singapore's Hong Kong chief executive previously relied on a gaggle of information technology staff ... ( read original story ...)
Singapore schools will put measures in place to protect students as they return, minister says
Given the coronavirus is likely to stay for a considerable period of time, students can't be kept away from their education for a whole year, says Indranee Rajah, Minister in the Prime Minister's ... ( read original story ...)
Singapore Looks to Rely Less on Foreign Workers After Pandemic
Singapore will have to find ways to rely less on foreign workers and accelerate automation of some tasks in its post-pandemic economy, Second Minister for Finance Indranee Rajah told reporters Monday. ( read original story ...)
Singapore remains global ‘safe harbor’ for investment despite pandemic, trade minister says
Singapore's ability to secure a "high volume" of investment commitments in 2020, despite the ongoing coronavirus pandemic, attests to its global reputation as an attractive and competitive "safe ... ( read original story ...)
Singapore hopes to reopen 80% of its economy in June as coronavirus restrictions lift, says minister
Singapore has one of the highest numbers of coronavirus infection cases in Asia, with more than 34,800 people affected so far. ( read original story ...)
OCBC to cut salary credit bonus interest on 360 account from July 1
Amid a weakened interest rate environment and the challenging macro climate, OCBC will reduce the salary credit bonus interest for customers on the OCBC 360 savings account from July 1.. Read more at ... ( read original story ...)
UOB intensifies COVID-19 safety measures by applying self-disinfecting coating at high-touch areas within its branches island-wide
United Overseas Bank (UOB) today announced that it has enhanced the precautionary measures within its branches with the application of a commercial grade self-disinfecting coating at high-touch areas ... ( read original story ...)
Singapore’s micromobility startup Beam raises $26 million
Beam, a Singapore-headquartered micromobility firm that offers shared e-scooters, has raised $26 million in a new financing round as it looks to expand its footprint in Korea, Australia, Malaysia, New ... ( read original story ...)
Singapore Wedding Startup Plans to Revive Wedding Industry by Helping Small Wedding Businesses Digitalise Services Amidst COVID-19
The COVID-19 pandemic has changed the face of virtually every industry, and HitchPlanner, a Singapore wedding tech startup is hoping to help businesses pivot and go digital this wedding season. ( read original story ...)
2 in 3 working Singaporeans do not have savings to last them beyond 6 months: OCBC survey
Many Singaporeans do not have enough savings to allow them to maintain their current lifestyle beyond six months if they were to lose their jobs now.. Read more at straitstimes.com. ( read original story ...)
Singapore Bourse: Support Expected At 2,500 Points
The Singapore stock market has finished lower in three straight sessions, slipping more than 20 points or 0.8 percent along the way. The Straits Times Index now rests just above the 2,510-point ... ( read original story ...)