Global lockdowns, relief measures weigh on Singapore banks
SINGAPORE banks face uncertain times ahead as a combination of unprecedented global lockdowns and latest virus relief measures here and around the region put question marks over the full hit to...
Digital robo-adviser Smartly throws in towel
SINGAPORE'S nascent robo-adviser space has reported a casualty - digital advisory firm Smartly will shut after fewer than three years in the business.
Shutdown for at least 10 SGX-listed firms with significant operations in Malaysia
AS MALAYSIA'S 14-day movement control order kicked in on Wednesday, at least 10 Singapore-listed firms have temporarily shut operations in Malaysia from March 18 to March 30 to comply with the...
UOB's worst-case credit costs projected to 90-100 bps amid virus fallout, says Citi report
UOB has projected for credit costs to reach 90 to 100 basis points (bps) as its worst-case scenario, as the lender braces for further downside amid the virus fallout.
Genting Singapore's senior management and managerial staff take 9-18% pay cut amid Covid-19
GENTING Singapore on Tuesday announced that it has cut the salaries of senior management and managerial staff by 9 to 18 per cent as part of cost control measures amid the Covid-19 pandemic.
SIA cuts more flights, to run at half its original capacity amid virus fallout
SINGAPORE Airlines (SIA) on Tuesday announced a fresh round of flight cuts as the airline industry takes a further beating from new travel restrictions amid the virus fallout.
Fresh curbs on travellers from Asean, Japan, UK, Switzerland
SINGAPORE has further tightened border controls to contain the import of Covid-19 into the country.
Lines go dead for some Circles.Life staff
SINGAPORE startup Circles.Life - hailed as the disruptor to watch in the local telco scene - is now in the midst of cutting staff.
Virus outbreak a wild card for Singapore banks' bad loan buffers
SINGAPORE banks have guided on the size of provisions that can cover the impact from the Covid-19 outbreak ahead, but analysts say the lenders may have to stomach more if the disruption to supply...
Higher costs seeping into supply chains with virus outbreak: OCBC
DISRUPTIONS to regional supply chains amid the Covid-19 outbreak have bumped costs up by almost 20 per cent for some traders and distributors as they scramble to find alternative suppliers outside...