Markets

SINGAPORE: Companies in the construction, marine shipyard and process (CMP) sectors facing a labour crunch and increased costs because of COVID-19 restrictions will enjoy some reprieve in the coming months. Around 15,000 such firms will see an increase in foreign worker levy rebates from May to ...

The intent to ramp up distribution of these vaccines to the rest of the world might not be met if manufacturers are not adequately supported. The move could also disincentivise innovation, says an academic.

United Airlines said on Friday it is temporarily pausing service between Chicago and New Delhi in June and delaying the planned launch of flights between San Francisco and Bangalore as a catastrophic explosion of COVID-19 cases hits demand.

Three Chinese telecommunications companies said on Friday they will be delisted by the New York Stock Exchange in line with U.S. investment restrictions dating to last year.

UOB said some personal information of 1,166 customers who are China nationals had been disclosed by a staff, with preliminary findings showing that the employee had allegedly fallen prey to a China police impersonation scam.

SINGAPORE banks kicked off the year with a solid quarter that beat analyst expectations on stronger fee income and lower credit costs, following a pandemic-struck 2020.

REUTERS: Celebrity stockpicker and Ark Invest Chief Executive Cathie Wood told CNBC on Friday that hedge fund veteran Bill Hwang had provided seed capital for Ark's first four exchange-traded funds. Archegos Capital Management, the New York investment fund run by former Tiger Asia manager ...

U.S. Senate committee leaders have drafted a compromise US$110 billion measure for basic and advanced technology research and science over five years and the creation of a White House chief manufacturing officer in the face of rising competitive pressure from China, according to a copy of the 131 ......

SINGAPORE: Low-intensity physical activities will be allowed to continue at indoor gyms, and fitness studios amid tightened COVID-19 guidelines, said Sport Singapore (SportSG) in an updated advisory on Friday (May 7). Earlier this week, the authorities announced that such indoor premises would ...

Chinese ride-hailing giant Didi Chuxing, which is backed by SoftBank, Alibaba and Tencent, said on Friday that 3.1per cent of passenger fees for rides will go towards its profit last year.