ComfortDelGro spending S$80m more on cabbie relief
LAND transport company ComfortDelGro Corporation is spending S$80 million to extend its daily rental relief for cabbies until Sept 30 amid worsening economic conditions due to the Covid-19...
Covid-19 impact pushes Singapore's 2020 GDP forecast into negative turf
SINGAPORE's official growth forecast has hit negative territory for the first time in nearly a decade. This comes as the Republic braces itself for what is likely the worst economic contraction...
Covid-19 pandemic to cost Asia-Pac economies US$620b: S&P
S&P Global Ratings is forecasting the Covid-19 pandemic will cost an estimated US$620 billion in total and permanent income loss for Asia-Pacific economies.
Eagle Hospitality to boost cash with asset sales, strategic review
EAGLE Hospitality Trust's (EHT) managers on Thursday said they intend to identify assets that can be sold so as to bolster the trust's cash position.
Sasseur Reit's China malls reopen to higher sales
SASSEUR Real Estate Investment Trust's (Sasseur Reit) manager on Tuesday reported "encouraging" first-day reopening sales at its outlet malls, which have reopened since they were shuttered amid...
Genting's RWS launches promotions with eye on falling tourism numbers
GENTING Singapore-operated Resorts World Sentosa (RWS) has launched several deals to attract visitors amid expectations of tourism numbers falling due to the novel coronavirus.
Aviation companies slash prices, waive fees as virus outbreak persists
SINGAPORE'S aviation industry is bracing for the Covid-19 outbreak disruption to persist, with companies in the sector implementing pay cuts and slashing flight prices and change fees.
Singtel freezes wages except for operational, support staff
SINGTEL has decided to roll out a wage freeze across the organisation. The move affects all but operational and support staff, said group chief executive Chua Sock Koong in a memo to employees on...
More pay cuts at SATS amid Covid-19; sees substantial impact to Q4, FY results
SATS on Monday announced a 15 per cent pay cut for its president and chief executive Alex Hungate amid a series of further cuts which took effect from March 1. Non-executive directors' fees were also...
MUFG-Grab deal shows Japanese banks' growing interest in S-E Asia: Fitch
FITCH Ratings on Thursday said Mitsubishi UFJ Financial Group's (MUFG) US$706 million...