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World economy to contract at least 6% in 2020: OECD

PARIS: The global economy will contract at least six per cent this year, with the unprecedented loss of income and "extraordinary uncertainty" caused by measures to contain the coronavirus outbreak, the OECD said Wednesday (Jun 10). In the case of a second wave of contagion later in the year...

Markets

Indonesia’s Pertamina signs US$8b petrochemical project deal with Taiwan’s CPC

JAKARTA: Indonesia's state oil giant Pertamina said it has signed a deal with Taiwan's CPC to develop a US$8 billion petrochemical complex, after years of negotiations. Operations are slated to begin in 2026 at the new plant, which is to be built at an existing refinery in Indonesia's West...

Markets

UBS commits to hiring 300 more in Singapore over 18 months

ASIA'S largest wealth manager UBS said on Wednesday it will commit to create some 300 new jobs here by tapping on the government's Job Support Scheme, with an aim to hire both graduates in Singapore and mid-career individuals over the next 18 months.

Markets

Spain says would be ‘good news’ if Economy Minister Calvino became Eurogroup chief

Spain's Social Security Minister Jose Luis Escriva said on Wednesday that "it would be good news" if Economy Minister Nadia Calvino took the presidency of the Eurogroup, replacing departing Mario Centeno.

Markets

Angry Birds maker Rovio looks to women to solve growth puzzle

Rovio Entertainment launched "Small Town Murders", a new puzzle game aimed at women over 35, on Wednesday in its latest attempt to reduce its reliance on "Angry Birds".

Markets

Japan’s debt mountain: How is it sustainable?

Already the global leader in accumulating debt, Japan is adding nearly $2 trillion to its mountain this fiscal year with record stimulus packages to cushion the impact of coronavirus.

Markets

Face masks, health checks and long check-ins: The future of flying

Cabin crew in protective suits, health certifications for passengers, mandatory face masks, and longer check-in times.

Markets

Credit Suisse CEO sees things ‘going in right direction’

Business conditions are improving after a tough start to the year, Credit Suisse Chief Executive Thomas Gottstein said in a presentation released on Wednesday.

Markets

NATO chief says on Huawei: UK review of 5G security is important

The head of the NATO military alliance said on Wednesday that the West could not ignore the rise of China and so it was important that the United Kingdom had a review of the role of Huawei in its 5G network to ensure its security.

Markets

Singapore fintechs, financial institutions tap govt support to digitally pivot, keep hiring

SOME 167 fintech firms and financial institutions have signed up for digitalisation grants, two months after the government rolled out a S$125 million support package for the industry. 

Markets

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