Markets

SINGAPORE: The Government will introduce new legislation when Parliament sits next week to require non-residential landlords to pass on property tax rebates announced in this year's Budget and Supplementary Budget to their tenants "in full". In his Budget Speech and subsequent Supplementary Budget ...

SINGAPORE: Online grocer RedMart will be suspending new orders for two days to tweak its product offerings and update its system, amid a surge in orders due to COVID-19 concerns. In a letter to customers on Thursday (Apr 2), RedMart said that it will resume taking new orders on Saturday....

Delivery Hero , one of the world's top online food delivery marketplaces, announced measures on Thursday to support restaurants that are trying to survive coronavirus lockdowns by ramping up deliveries to consumers stuck at home.

The number of Americans filing claims for unemployment benefits likely shot to a record high for a second week in a row as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.

German automaker Volkswagen said on Wednesday it would extend until April 30 a suspension of activities at two production plants in central Mexico after the government declared a health emergency because of coronavirus.

DUBAI: Saudi Arabia supports cooperation between oil producers to stabilize the oil market but Russia's opposition to a proposal last month to deepen oil supply cuts has caused market turmoil, a senior Gulf source familiar with Saudi thinking told Reuters. International crude prices have fallen ...

Carnival Corp , the world's largest cruise operator, said it has raised US$6.25 billion by issuing new debt and equity on Wednesday, borrowing at a high cost to weather the economic storm of the coronavirus pandemic.

SINGAPORE: Small and medium enterprises (SMEs), who have little or no e-commerce experience, can start selling online through support from a new Enterprise Singapore initiative. The E-Commerce Booster Package provides both cost and manpower support, Enterprise Singapore said in a news release on ...

The vast, glitzy gaming halls of Macau are open, but thousands of baccarat tables are empty. The world's biggest gambling hub has barred entry to most travellers and hotels are being used to isolate new arrivals in case they have been infected by coronavirus.

SINGAPORE: Some law firms are seeing a surge in queries on employee rights and employer obligations as the economy takes a hit from the COVID-19 outbreak, with the Government issuing guidelines on retrenchments and cost-cutting. Employees have asked about their rights as contract staff or ...