News

SIA cost cuts continue as S$15b from cash call must 'last as long as possible'

WITH no certainty as to when the Covid-19 outbreak will abate, Singapore Airlines (SIA) will continue to press ahead with cutting spend, even after announcing a S$15 billion cash call last week...

Biolidics to launch Covid-19 rapid test kit in April

CANCER-diagnostics company Biolidics on Monday announced that it has launched a rapid test kit for Covid-19, which is expected to be available by the end of April.

StanChart commits US$1b to finance firms making in-demand items

STANDARD Chartered on Monday said it will set aside US$1 billion to finance companies that are providing goods and services to tackle the Covid-19 outbreak.

Flexible Financing Holds Massive Potential for SME Growth

By Dr Tan Sian Wee, Co-Founder and Executive Director, Finaxar

Money FM podcast: Resilience Budget – helping Singapore’s businesses stay afloat

We speak with Ho Meng Kit, CEO, Singapore Business Federation about the effectiveness of the Resilience Budget initiatives by the Singapore government to its people and businesses, and how they...

Startups ride wave of digital entertainment as more stay indoors

USER activity is climbing higher and higher for digital entertainment startups in South-east Asia as more people stay indoors due to the Covid-19 pandemic. Companies ranging from an e-sports firm...

Banks should stop share buybacks and cap their dividends

THREE weeks ago, I said in this column that I would be a buyer of Singapore bank stocks if they traded below their book values. When the buying opportunity that I defined presented itself recently...

Riverstone sees demand surge for healthcare gloves amid virus outbreak

GLOVEMAKER Riverstone Holdings has seen a surge in orders as the Covid-19 outbreak creates increased demand for healthcare gloves.

Suntec City unveils second rent assistance package

SUNTEC City late on Friday said that in support of the Resilience Budget announced by the government last week, it will roll out a second tranche of rental assistance to more than 97 per cent of...

Investing with an eye towards recovery

Direct action by global central banks and governments around the world to breathe life back into distressed markets provided a lift to financial markets last week, with Wall Street's main indexes...

 

Emerging Enterprise award

Closes June 5, 2020