Singapore markets closed

  • Straits Times Index

    3,111.65
    +18.85 (+0.61%)
     

  • Nikkei

    26,491.97
    +320.72 (+1.23%)
     

  • Hang Seng

    21,719.06
    +445.19 (+2.09%)
     

  • FTSE 100

    7,208.81
    +188.36 (+2.68%)
     

  • BTC-USD

    21,309.62
    +267.18 (+1.27%)
     

  • CMC Crypto 200

    462.12
    +8.22 (+1.81%)
     

  • S&P 500

    3,911.74
    +116.01 (+3.06%)
     

  • Dow

    31,500.68
    +823.32 (+2.68%)
     

  • Nasdaq

    11,607.62
    +375.43 (+3.34%)
     

  • Gold

    1,828.10
    -1.70 (-0.09%)
     

  • Crude Oil

    107.06
    +2.79 (+2.68%)
     

  • 10-Yr Bond

    3.1250
    +0.0570 (+1.86%)
     

  • FTSE Bursa Malaysia

    1,436.70
    +5.65 (+0.39%)
     

  • Jakarta Composite Index

    7,042.94
    +44.67 (+0.64%)
     

  • PSE Index

    6,217.56
    +152.33 (+2.51%)
     
COMPANIES:

BlackRock plans to hire dozens more employees in Singapore amid expansion

Eight in 10 British firms interested in coronavirus furlough scheme - ONS

·1-min read

LONDON (Reuters) - Around eight of every 10 British companies are interested in the government's offer to pay 80% of the wages of staff who are temporarily laid off, according to a survey published by the country's official statistics office.

About 70% of companies expressed interest in another part of the government's coronavirus emergency plan - deferring payments of value-added tax, the Office for National Statistics said on Thursday.

The survey of more than 6,000 companies was conducted between March 23 and April 5 and its headline findings were first published last week.

The ONS on Thursday gave more details of the survey, which included a finding that 82% of firms in the arts, entertainment and recreation sector had paused trading, compared with around 25% for companies across the economy as a whole.

Almost two-thirds of businesses that were continuing to trade said their turnover was lower than normal.

(Writing by William Schomberg, editing by Andy Bruce and Timothy Heritage)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting

Latest stories

  • Hang Lung Properties Launches Cross-Mall Electronic "Summer Lucky Draw" Campaign, 100% winning rate, giveaway of 260,000 delightful prizes worth over HK$2.5 million

    Get one Electronic Lucky Draw entry with every purchase of HK$300HONG KONG SAR - Media OutReach - 23 June 2022 - Hang Lung Properties (SEHK Stock Code: 00101) (the "Company" or "Hang Lung") has always adhered to its spirit of customer-centricity when it comes to shopper services and customer delight. To provide a more satisfying shopping experience and encourage citizens to participate in consumption to boost the economy, Hang Lung announces the launch of "Summer Lucky Draw" campaign from July 1

  • The man who helped create Singapore’s housing boom is getting worried

    Liu Thai Ker helped design modern Singapore. Now property prices have surged so much, even he is worried.

  • HDB BTO November 2022: The 4 Announced Estates and Where We Hope the BTOs Will Be

    In November 2022, HDB will launch about 9,000 units of BTO flats in Bukit Batok, Kallang/Whampoa, Queenstown and Yishun. Here's where we think they'll be based on the URA Masterplan and URA Space.

  • SleekFlow Bags USD 8M in Series A Funding Led by Tiger Global

    NEW YORK, US - Media OutReach - 23 June 2022 - Following its 7-figure pre-Series A funding round last year, Alibaba Hong Kong Entrepreneurs Fund-backed SaaS omnichannel social commerce platform SleekFlow announced the completion of an $8 million Series A funding round. The financing was led by top-tier New York-based investment firm Tiger Global Partners, whose notable investments include Facebook, Bytedance, UiPath, Toast, and Databricks, followed by Transcend Capital and AEF Greater Bay Area F

  • Gold edges higher as dollar slips, rate hike fears linger

    Gold edged up on Friday as the dollar retreated and recession fears buoyed its safe-haven appeal, but looming interest rates hikes set the non-yielding asset on course for a weekly dip. Spot gold rose 0.4% to $1,830.22 per ounce by 2:20 p.m. ET (1820 GMT), after earlier touching a one-week low of $1,816.10. "There are a confluence of forces that are driving gold prices in both directions, forcing it to remain in a small range," said TD Securities' commodity strategist Daniel Ghali.

  • U.S. recession fears darken outlook for global growth

    Manufacturing growth is slowing worldwide as China's COVID-19 curbs and Russia's invasion of Ukraine disrupt supply chains and keep inflation at the highest in years, while the growing risk of a U.S. recession poses a new threat to the global economy. Gauges of factory activity released Thursday in Japan, Britain, the euro zone and United States all softened in June, with U.S. producers reporting the first outright drop in new orders in two years in the face of slumping consumer and business confidence. S&P Global's flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, dropped to 51.2 this month from a final reading of 53.6 in May and the slowest growth pace in five months.

  • Netac launches new Shadow II DDR5 memory with improved performance

    HONG KONG SAR - Media OutReach - 24 June 2022 - After Netac (Netac Technology) launched Shadow plating RGB DDR5, the market performance of DDR5 was hot. Recently, Shadow II DDR5 memory has been introduced. Compared with the Shadow series, Shadow II DDR5 is also positioned in the middle and high end. The difference is that it has no RGB lighting function. In terms of parameters, Shadow II DDR5 has a frequency specification of 4800MHz, and provides a large-capacity dual-channel memory specificatio

  • Recession worries weigh on euro as US stocks advance

    The euro retreated against the dollar Thursday as economic data pointed to increased prospects of recession in Europe, while Wall Street stocks finished higher following another volatile session.

  • Temasek-backed ShopBack raises US$80 million led by Asia Partners

    The latest funding round brings the total capital raised by Temasek-backed ShopBack to more than US$230 million.

  • Markets rise as recession talk tempers rate hike expectations

    Stocks rose in Asia on Friday following another rally on Wall Street as investors try to process central bank moves to fight soaring inflation and the growing possibility that those measures will induce a recession.

  • BlackRock plans Singapore expansion with dozens more employees

    The world’s largest asset manager is in talks to double its office space in Singapore, and is expected to add dozens of staff.

  • Oil settles up but posts weekly decline on recession fears

    (Reuters) -Oil prices settled up by more than $3 a barrel on Friday, supported by tight supply, but they notched their second weekly decline on concern that rising interest rates could push the world economy into recession. The U.S. Federal Reserve "was talking very hawkish which was undermining the oil rally, but sentiment is changing a little especially on strong economic data," said John Kilduff, partner at Again Capital LLC in New York. On Thursday, Fed Chair Jerome Powell said the central bank's focus on curbing inflation was "unconditional", adding to fears about more interest rate hikes.

  • Keppel Land officially opens i12 Katong after nearly 2 years of renovation

    Who are some of the new tenants, and what are some of the interesting new features? Find out.

  • India inflation likely to exceed top of RBI band until December, governor says

    India's central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Shaktikanta Das said in an article in the Times of India on Friday. Until December, CPI is expected to remain higher than the upper tolerance level. Retail inflation eased marginally in May, after touching an eight-year high of 7.79% in April, but remained above the central bank's tolerance band of 2-6% for a fifth month in a row.

  • How recession could affect property prices

    SINGAPORE (EDGEPROP) - When the US sneezes, the whole world catches a cold. With the US Federal Reserve raising its interest rate by an aggressive 75 basis points in June 2022 and possibly a similar rate hike in July 2022 to tame inflation, it risks tipping the US economy into recession.Will the Singapore economy follow suit? What is the impact of a recession on the property market?The most recent economic contraction in Singapore was in 2020 where the gross domestic product (GDP) declined for t

  • Cebu Air to return to pre-pandemic workforce size in 2023, says CEO

    Philippine carrier Cebu Air expects to bring back its workforce size to before the Covid-19 pandemic by early 2023, CEO Lance Gokongwei said.

  • Stocks and oil rally as rate-hike worries ebb

    Global stock markets and oil prices jumped higher on Friday following recent heavy losses as the weakening economic outlook moderates expectations about central bank monetary tightening.

  • What can millennials invest in with only S$5,000?

    Here's why millennials shouldn't shy away from investing, even if they only have a small sum to begin with.

  • SleekFlow Bags USD 8M in Series A Funding Led by Tiger Global

    HONG KONG SAR / KUALA LUMPUR, MALAYSIA - Media OutReach - 23 June 2022 - Following its 7-figure pre-Series A funding round last year, Alibaba Entrepreneurs Fund-backed SaaS omnichannel social commerce platform SleekFlow announced the completion of a USD 8 million Series A funding round. The financing was led by top-tier New York-based investment firm Tiger Global Partners whose notable investments include Facebook, Bytedance, UiPath, Toast, and Databricks, followed by Transcend Capital and AEF G

  • Singapore’s faster inflation adds pressure to tighten policy

    Singapore core inflation jumps to 13-year high of 3.6% in May amid rising food prices.