SINGAPORE (THE BUSINESS TIMES) – Suntec Real Estate Investment Trust (Suntec Reit)’s distribution per unit (DPU) fell 21.9 per cent to 1.848 cents for its third quarter ended Sept 30, from 2.365 cents a year ago. This came as distributable income from operations dropped 12.6 per cent year on year to $52.2 million, from $59.7 […]

Thai PM Prayut preparing to lift emergency measures in Bangkok The emergency measures had prompted demonstrations by tens of thousands of people. READ MORE HERE NUS files police report against former Tembusu College don for sexual misconduct NUS said it made the report because of the seriousness of the allegations, and has advised the victims […]

Prospective tourists will soon be able to view 3D models of Singapore icons like the Merlion from their living room, as part of an augmented reality (AR) push by the Singapore Tourism Board (STB). The tourism board is building a database of such content that businesses in the industry can use to promote Singapore as […]

After a long, sustained battle to suppress Covid-19 infections in dormitories, the authorities yesterday launched a new campaign to guard against fresh mass outbreaks that could derail Singapore’s hard-won gains against the coronavirus. The measures will encompass educating migrant workers and ensuring that living conditions in dorms remain safe, and that they do not become […]

A group of six researchers at Nanyang Technological University (NTU) has invented new hardware that it says will significantly reduce costs for electronics used in satellites and improve protection for them in space. Known as the Latchup Detection and Protection (LDAP) chip, it was launched yesterday by Zero-Error Systems (ZES), a Singapore start-up that was […]

Banking-related phishing scams are not new but scammers have discovered new hunting grounds for victims: messaging apps and social media. New variants of phishing scams in the digital arena involve fake advertising campaigns and lucky draws allegedly offered by banks, the police said. Victims of such scams receive a message via WhatsApp allegedly sent by […]

Participating in Ministry of Internal Affairs and Communications project: “Survey Study for International Expansion of AI Diagnosis Support System Using Ultra-High Magnifying Endoscopes in India” TOKYO, Oct 20, 2020 – (ACN Newswire) – Olympus Corporation took part in a ground-breaking project as a business promoter, in cooperation with the Ministry of Internal Affairs and Communications […]

HONG KONG (BLOOMBERG) – Macau casino operators are expected to post a combined loss of more than US$800 million (S$1.08 billion) in earnings before interest, tax, depreciation and amortisation (Ebitda) for the quarter ended Sept 30, according to a Bloomberg survey of analyst estimates. Each of the six operators, which start reporting earnings in the […]

SINGAPORE (THE BUSINESS TIMES) – CDL Hospitality Trusts (CDLHT) is selling its 4.5-star hotel Novotel Brisbane in Australia for A$67.9 million (S$66.4 million) to an independent third-party buyer, ADFA Brisbane, its managers said on Wednesday (Oct 21). The sale price is 6.9 per cent higher than the original purchase price of A$63.5 million on Feb […]

SINGAPORE (THE BUSINESS TIMES) – The trust scheme for the merger of CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT, along with an expanded investment mandate, became effective and binding on Wednesday (Oct 21). Accordingly, CCT unitholders will receive payment of the scheme consideration – comprising 25.9 cents in cash and 0.72 new CMT […]

SEATTLE (REUTERS) – Amazon.com on Tuesday (Oct 20) told employees whose work can be done from home that they can do so until June, extending the timeline on a return to office due to the Covid-19 pandemic. “Employees who work in a role that can effectively be done from home are welcome to do so […]

NEW YORK (BLOOMBERG) – Shares of Snapchat parent Snap surged more than 20 per cent after the social-media company reported quarterly revenue and user growth that topped estimates, lifted by advertisers’ stepped-up spending and consumers’ increased use of their phones for messaging and entertainment during the pandemic. The company, which makes the popular Snapchat mobile […]

Participants in some mass events will have to take an antigen rapid test for Covid-19 and obtain a negative result before admission to the events, under a new pilot programme meant to help Singapore resume more activities safely. Results of antigen rapid tests are out within 30 minutes and the tests can be conducted at […]

Within 180 days of their first positive test, people who have recovered from Covid-19 and are well will not need to take an antigen rapid test that is required before some events in a pilot scheme that will run from this month to December. The reason is that they are very likely to be immune […]

The Attorney-General’s Chambers (AGC) has issued a letter of demand to lawyer M. Ravi to apologise and retract comments he had made about a case involving a drug runner who escaped the gallows. In a video interview with alternative news site The Online Citizen (TOC) on Monday, Mr Ravi had made “false and highly inflammatory” […]

National Kidney Foundation (NKF) chairman Koh Poh Tiong will step down on Oct 31, after holding the position for eight years. Mr Koh, 73, will be succeeded by Mr Arthur Lang, 48, the chief executive of Singtel’s International Group, who joined the foundation as a board director in 2015. While announcing Mr Koh’s relinquishing of […]

A lawyer who left Singapore after more than $33 million parked in his firm went missing has been slapped with 19 new charges. Jeffrey Ong Su Aun was charged yesterday with 14 counts of criminal breach of trust as an attorney involving more than $17.4 million, as well as five counts of cheating. With this […]

SHANGHAI, Oct 16, 2020 – The Buick Electra concept vehicle made its global premiere in Shanghai. The all-electric crossover offers a sneak peek at Buick’s vision for a new intelligent electric future.   “Today, Buick’s innovative thinking and imagination of future intelligent mobility have reached the next level with the Electra,” said Sam Basile, executive vice president of […]

SINGAPORE (THE BUSINESS TIMES) – Mapletree Logistics Trust (MLT) announced on Monday (Oct 19) that it is seeking to acquire nine logistics properties in China, Malaysia and Vietnam, and also the remaining 50 per cent interest in 15 properties in China for a total of $1.09 billion. The aggregate agreed property value of the properties […]

Around 1,900 jobs have been made available since April in Singapore’s fast-growing electronics industry, which has outperformed other segments of the economy amid the coronavirus-induced recession. The industry as a whole reaped $5.7 billion in fixed assets investment in the first nine months of the year and recorded $376 million in total business expenditure. Just […]