Novel Coronavirus

CoVid-19

Covid-19 cases must ease before economy restarts, PM Lee says

(May 1): Singapore can only relax its partial lockdown measures and progressively restart its economy after the city-state brings down the number of new coronavirus cases, according to Prime Minist

CoVid-19

Israel moves to find cure for coronavirus

JERUSALEM (Feb 20): Over 23,000 people from 180 countries arrived at Jerusalem last week for what was supposedly the largest tech startup conference in the world.

CoVid-19

Mistrust grows as numbers fall after China again changes the way new cases are counted

(Feb 20): The number of new coronavirus cases reported by Hubei province dropped sharply after China changed the way it officially reports the number of infections for the second time in a month, r

CoVid-19

Valuetronics expects lower revenue for 2H20 as coronavirus outbreak impacts China operations

SINGAPORE (Feb 19): Valuetronics Holdings says control measures implemented at its China factories to curb the spread of the COVID-19 coronavirus outbreak could result in a drop in its revenue for

Budget 2020

Singapore plans biggest budget deficit in more than two decades

(Feb 19): Singapore will post its biggest budget deficit since at least 1997, pledging S$6.4 billion in dedicated support for an economy being slammed by the coronavirus outbreak.

CoVid-19

Singapore Airlines slashes flights as coronavirus sparks 'significant' challenges

(Feb 18): Singapore Airlines will cut more flights across its global network through May as the outbreak of the novel coronavirus discourages people from traveling.

CoVid-19

Contagion fears grow as cruise passengers return home

(Feb 17): More than 3,000 travellers on two coronavirus-stricken Carnival Corp cruise ships are returning home, fanning out to more than 40 countries and fuelling fears of further contagion from th

Results

ComfortDelGro posts 12.6% drop in FY19 earnings to $265.1 mil as taxi business continues to slide

SINGAPORE (Feb 14): Land transport operator ComfortDelGro Corporation saw its earnings fall 12.6% to $265.1 million for FY2019 ended December, from $303.3 million a year ago.

CoVid-19

Coronavirus woes hits Asia-based hedge funds as investors stay away

(Feb 14): Asia-based hedge funds are bracing for a lean quarter of capital raising as the spread of the coronavirus leads to the postponement and cancellation of key events that have historically d

Corporate moves

Zhongmin Baihui sees growth in outlet malls; coronavirus outbreak impact yet to be felt

SINGAPORE (Feb 14): Online shopping is booming in Asia, but brick and mortar retail isn’t going away anytime soon.

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