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Great Eastern Q1 profit soars to S$437.6m on favourable market conditions

GREAT Eastern posted a net profit of S$437.6 million for its first quarter ended March 31, 2021, 12.9 times that of S$33.9 million posted the year prior.

Markets

Going big on space: Buyers eye larger homes amid pandemic

SINGAPORE: When the pandemic made working from home the default, clashing Zoom meetings became a regular occurrence for Mr David Tan and his wife, who live in a 914sqft four-room Housing & Development Board (HDB) flat. They had to settle in separate nooks of the flat, which was often...

Markets

Commentary: Relationships in the office have become superficial

Teams are no longer for life and it is breeding an emptiness that won’t be fixed once we’re back in the workplace, says the Financial Times' Pilita Clark.

Markets

Employers, insurers push to make virtual visits regular care

Make telemedicine your first choice for most doctor visits. That’s the message some US employers and insurers are sending with a new wave of care options.

Markets

CGS-CIMB launches S$150m commercial paper in digital securities on iSTOX

CGS-CIMB Securities (Singapore) has launched a S$150 million multi-tranche commercial paper entirely in digital securities on iSTOX, the digital securities platform backed by Singapore Exchange (SGX), as the financial services provider looks to widen its investor base.

Markets

Apple’s app store goes on trial in threat to ‘walled garden’

On Monday, Apple faces one of its most serious legal threats in recent years: A trial that threatens to upend its iron control over its app store, which brings in billions of dollars each year while feeding more than 1.6 billion iPhones, iPads, and other devices.

Markets

US to launch trade talks on COVID-19 vaccine distribution

The US top trade negotiator will begin talks with the World Trade Organization on ways to overcome intellectual property issues that are keeping critically needed COVID-19 vaccines from being more widely distributed worldwide, two White House officials said on Sunday (May 2).

Markets

Indian industry body urges curbs to economic activity to save lives

A leading Indian industry body urged authorities to take the "strongest national steps" and to curtail economic activity to save lives on Sunday (May 2) as the country battles surging coronavirus cases that have overwhelmed the healthcare system.

Markets

Wyoming backs coal with US$1.2M threat to sue other states

While most states pursue ways to boost renewable energy, Wyoming is doing the opposite with a new program aimed at propping up the dwindling coal industry by suing other states that block exports of Wyoming coal and cause Wyoming coal-fired power plants to shut down.

Markets

Budget carrier flydubai posts US$194M loss due to COVID-19 pandemic

DUBAI: Dubai's budget carrier flydubai reported Sunday (May 2) a loss of US$194 million in 2020 as revenue fell by more than 50 per cent in what it described as one of the toughest years in the aviation industry. The carrier's financial losses reflect how the coronavirus pandemic has pummeled...

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