In an announcement to the Australian Stock Exchange, Virgin said it planned to keep operating flights despite handing over the keys to administrators. - Singapore extends curbs - Singapore extended ... ( read original story ...)
U.S. Cases Accelerate; Singapore Extends Lockdown: Virus Update
The U.S. saw its biggest daily tally of new coronavirus infections in almost two weeks, though a senior official said most cities are seeing an improvement. The U.S. Senate passed a $484 billion ... ( read original story ...)
Top Singapore Oil Trader Cooked Books For Years, Owes Banks Billions
Hin Leong, one of the largest oil traders in the world, already owes some $3.85 billion to 23 banks, including JPMorgan Chase (JPM) and HSBC Holdings (HSBC), and is seeking protection from its lenders ... ( read original story ...)
Singapore oil traders face credit crunch after Hin Leong fiasco
Hin Leong owes about $3.85bn to more than 20 lenders, including $600m to HSBC. Of Singapore’s three largest banks — DBS, UOB and OCBC — 5 per cent of their loan books is exposed to the energy sector, ... ( read original story ...)
Bruno Michieli Examines the Outlook for Private Equity in APAC Region
Having enjoyed two phenomenal years in succession, the Asia-Pacific (APAC) private equity industry slowed down in 2019 as its main driving force, China, grappled with a softening economy and the ... ( read original story ...)
Singapore Proves There’s No Textbook Virus Response
Once lauded as a beacon in the fight against Covid-19, Singapore reached an unenviable milestone this week: the most cases in Southeast Asia.Soaring infections suggest rapidly tightening restrictions ... ( read original story ...)
Singapore’s IPOS ranked world’s most innovative IP office
SINGAPORE, April 9 (Xinhua) -- The Intellectual Property Office of Singapore (IPOS) said on Thursday it was ranked as the world's most innovative intellectual property (IP) office for the first time, ... ( read original story ...)
Singapore extends partial lockdown until June 1 as infections surge
Singapore will extend a partial lockdown until June 1 to curb a sharp rise in coronavirus infections in the city-state, Prime Minister Lee Hsien Loong said on Tuesday. The measures, which include the ... ( read original story ...)
‘Technologies help me overcome any difficulties’ – An Indian professional on life in Russia
Born in India’s Kolkata, Pratik Bhattacharjee now works in Moscow as Head of Credit Cards & Personal Loans at Citibank. He explains what it was like to move to Russia after Singapore in 2017 and why ... ( read original story ...)
Coronavirus to sap Philippines’ dollar sources — DBS Bank
But in a report released Tuesday, the research unit of Singapore-based DBS Bank said the recent spike in demand for locally manufactured electronic products, the Philippines’ top export, seen in the ... ( read original story ...)
The Low Keng Huat (Singapore) (SGX:F1E) Share Price Is Down 50% So Some Shareholders Are Getting Worried
The main aim of stock picking is to find the market-beating stocks. But the main game is to find enough winners ... ( read original story ...)
UPDATE 1-Singapore extends partial lockdown until June 1 as infections surge
Singapore will extend a partial lockdown until June 1 to curb a sharp rise in coronavirus infections in the city-state, Prime Minister Lee Hsien Loong said on Tuesday. The measures, which include the ... ( read original story ...)
Over 17,000 bank customers seek to defer mortgage payments
Singapore saw more than 17,000 bank consumers applying for a deferment of their ... Maybank shared it received around 2,000 applications for a mortgage moratorium. Citibank, Standard Chartered and ... ( 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 ...)
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 ...)