Singapore is bracing for a sharper economic contraction this year than an earlier forecast of as much as a 4% slump, as the coronavirus pandemic continues to spread globally and disrupts supply chains ... ( read original story ...)
How DBS Bank is riding the digital innovation wave
In addition to the Monetary Authority of Singapore (MAS) accepting 21 applications for new digital bank licences, spiking the interest of outsiders such as Grab and Vertex in the process, the ... ( read original story ...)
Singapore Unicorns Bigo Live and Razer to Bring The First Cloud Clubbing Experience Down Under
Bigo Live, the Singapore-headquartered livestreaming platform, together with Razer, the world's leading lifestyle brand for gamers, are proud to bring the highly successful Southeast Asian cloud ... ( read original story ...)
Singapore Tanker Parking – At-Risk Players
Hin Leong Trading and Ocean Tankers filed for bankruptcy protection, seeking to restructure. Universal Terminal operations continue, for now. Singapore host the ... ( read original story ...)
N.Y. Death Rate Lowest Since Early April; EU Plan: Virus Update
The coronavirus caused two deaths in California in early and mid-February, suggesting the pathogen was circulating in the U.S. weeks earlier than health officials thought. New York Governor Andrew ... ( read original story ...)
N.Y. Tops 15,000 Deaths; Regional Contact Tracing: Virus Update
New York Governor Andrew Cuomo reported 474 fatalities, the lowest daily rate since early April, pushing the total deaths for the state past 15,000. The state is planning to coordinate contact tracing ... ( read original story ...)
Singapore stock watch: UOB, Keppel DC Reit, Suntec Reit, Parkway Life Reit, Oxley
SINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their shares on Wednesday (April 22): United Overseas Bank (UOB): UOB on Tuesday said it will ... ( read original story ...)
Half of Singapore finance leaders say their company falls short in sustainability reporting: Survey
SINGAPORE - Half of finance leaders in Singapore said their company falls short in reporting its triple bottom line of people, planet and profit. A report published on Wednesday (April 22) by Workday, ... ( read original story ...)
BRIEF-Xiangyang Changyuandonggu Industry Aims To Raise Up To 915.1 Mln Yuan In Shanghai IPO
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 ...)