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Property shines as STI dips on mixed sentiment

Local shares ended the shortened week on a mixed note amid concerns over United States-China tensions and optimism about the lifting of Covid-19 lockdowns. The benchmark Straits Times Index (STI) opened softer yesterday but edged higher through the day to close at 2,510.75, down just 4.49 points or 0.18 per cent. Turnover was high, with three billion shares worth $4.16 billion traded. Gainers trumped losers 265 to 183. Property was very much the theme among index components, with real estate investment trusts and developers accounting for seven of the eight best performers. The gainers were led by Mapletree Logistics Trust, up 6.77 per cent, CapitaLand Commercial Trust, which added 5.42 per cent, and CapitaLand Mall Trust, ahead by 5.18 per cent. The STI's three biggest losers were Singapore Press Holdings (SPH), down 12.33 per cent, Sembcorp Industries, which fell 9.93 per cent, and Sats, down 5.67 per cent. It was reported earlier this month that Mapletree Logistics Trust w..

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Singapore secured about S$13 billion in investment commitments in first 4 months of 2020 amid COVID-19 outbreak

SINGAPORE: Despite the COVID-19 outbreak, the Economic Development Board (EDB) has in the first four months of this year secured about S$13 billion in investment commitments for the “next few years”, Trade and Industry Minister Chan Chun Sing said. This “very good performance” means Singapore has exceeded the S$8 billion to S$10 billion which had been projected for the whole of 2020. Advertisement Advertisement These investments, in sectors including electronics and infocomm, will generate “a few thousand jobs” for workers in Singapore in the coming years, Mr Chan told reporters during a media briefing on Saturday (May 30). Companies such as chipmaker Micron and life sciences firm Thermo Fisher Scientific are adding jobs, he said. Micron aims to add 1,500 jobs in Singapore over the next few years, while Thermo Fisher Scientific is increasing hiring due to a surge in demand for its COVID-19 test kits. “This reflects the sustained confidence of many major investors, major busi..

Business

Google postpones Android 11 unveiling amid US protests

Business Alphabet Inc's Google on Saturday said it has postponed next week's planned unveiling of the beta version of its latest Android 11 mobile operating system in light of protests and unrest in the United States. FILE PHOTO: The logo of Google is seen in Davos, Switzerland Januar 20, 2020. REUTERS/Arnd Wiegmann/File Photo 30 May 2020 03:40PM (Updated: 30 May 2020 04:36PM) Share this content Bookmark REUTERS: Alphabet Inc's Google on Saturday said it has postponed next week's planned unveiling of the beta version of its latest Android 11 mobile operating system in light of protests and unrest in the United States. "We are excited to tell you more about Android 11, but now is not the time to celebrate," Google said in a message posted on its Android developers website. Advertisement Advertisement The event was originally scheduled to take place virtually on Wednesday, acRead More – Source [contf] [contfnew] channel news asia [contfnewc] [contfnewc]

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Football: American McKennie wears ‘Justice for George’ armband in Bundesliga game

BERLIN (REUTERS) – United States soccer player Weston McKennie joined the chorus of outrage from athletes protesting against the death of a black man in Minneapolis by wearing an armband with the message "Justice for George" in a German league game on Saturday (May 30). Minneapolis police officer Derek Chauvin was charged on Friday with murder in the death of unarmed 46-year-old George Floyd after cellphone footage of the white officer kneeling on Floyd's neck prompted a wave of protests. Schalke 04's McKennie followed several other current and former athletes, including NBA champion Stephen Jackson, Los Angeles Lakers forward LeBron James and teenage tennis player Coco Gauff, who have also spoken out about Floyd's death. "To be able to use my platform to bring attention to a problem that has been going on too long feels good," McKennie tweeted after Schalke's Bundesliga match versus Werder Bremen. "We have to stand up for what we believe in and I believe that i..

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Credit Suisse’s Rohner sees no big hit from oil & gas exposure: SRF

Business Credit Suisse will not take a significant hit from its exposure to the battered oil and gas sector, Chairman Urs Rohner told Swiss state broadcaster SRF on Saturday. FILE PHOTO: Chairman Urs Rohner of Swiss bank Credit Suisse takes part in a panel discussion at the Swiss International Financial Forum (SIFF) in Rueschlikon, Switzerland November 6, 2019. REUTERS/Arnd Wiegmann 31 May 2020 01:45AM Share this content Bookmark ZURICH: Credit Suisse will not take a significant hit from its exposure to the battered oil and gas sector, Chairman Urs Rohner told Swiss state broadcaster SRF on Saturday. Global oil prices have plunged since March as coronavirus lockdowns have eroded demand and oil producing nations have waged a price war. Advertisement Advertisement Credit Suisse, which in recent years has sought banking relationships with oil and gas entrepreneurs, may have somewhat more exposure to the sector than rivals, Rohner acknowledged, but he did not expect the turmoil ..

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NASA resumes human spaceflight from U.S. soil with historic SpaceX launch

CAPE CANAVERAL, Florida: SpaceX, the private rocket company of billionaire entrepreneur Elon Musk, launched two Americans toward orbit from Florida on Saturday in a mission that marks the first spaceflight of NASA astronauts from U.S. soil in nine years. A SpaceX Falcon 9 rocket lifted off from the Kennedy Space Center at 3.22pm EDT (1922 GMT), launching Doug Hurley and Bob Behnken on a 19-hour ride aboard the company's newly designed Crew Dragon capsule bound for the International Space Station. Advertisement Advertisement Moments before liftoff, Hurley said, “SpaceX were go for launch. Lets light this candle,” paraphrasing the famous phrase uttered on the launch pad in 1961 by Alan Shephard, the first American launched into space. Crew Dragon separated from its second stage booster at 3.35 and minutes later entered orbit. The craft launched from the same pad used by NASA's final space shuttle flight, piloted by Hurley, in 2011. Since then, NASA astronauts have had to ..

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Tennis: Naomi Osaka adds powerful voice to protests over police brutality in US

LOS ANGELES (AFP) – Two-time Grand Slam tennis champion Naomi Osaka joined the chorus of athletes condemning the death of an unarmed black man at the hands of Minneapolis police, posting pictures of protests from the Minnesota city on her Instagram account. "Just because it isn't happening to you, doesn't mean it isn't happening at all," wrote Osaka, whose mother is Japanese and whose father is Haitian. "It's funny to me that the people who wanna wear chains, blast hip hop in the gym, attempt to get dapped up, and talk in slang are suddenly quiet right now," added Osaka, the former world number one who was this week touted by Forbes magazine as the highest-paid female athlete in the world with earnings of US$37.4 million (S$52.8 million). Minneapolis, Minnesota, has become the epicentre of violent protests since George Floyd died there on Monday after police officer Derek Chauvin pinned him to the ground for several minutes by kneeling on his neck. Chauvin has b..

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Football: 10 positive coronavirus tests in English Championship

LONDON (REUTERS) – Ten individuals from eight Championship clubs tested positive for novel coronavirus in the latest round of tests, the English Football League (EFL) confirmed on Saturday (May 30). In a statement, the EFL said 1,058 players and staff from England's 24 second-tier clubs had been tested for the virus on Thursday and Friday. "Those players or club staff who have tested positive will now self-isolate in line with the guidelines provided by the EFL and only those who have tested negative will be permitted to enter training ground facilities," a statement read. The EFL did not identify the individuals although Preston North End confirmed that striker Jayden Stockley had tested positive and was asymptomatic. As well as the 10 positive tests from Championship clubs, seven positive tests were recorded from fourth tier League Two clubs. The news came after the latest round of Premier League tests produced no new positives. In the three previous rounds of Premier Leag..

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Sports World: Klopp urges Liverpool fans to stay at home

Klopp urges Liverpool fans to stay at home[hhmc] LONDON • Jurgen Klopp wants Liverpool supporters to prove themselves the best "stay at home fans in the world", after English police said they wanted any potential Premier League title-clincher for the Reds played at a neutral venue in a bid to avoid a mass gathering outside Anfield. Premier League chiefs have set June 17 as the date for the top-flight football season to restart amid the pandemic. The UK's football policing lead Mark Roberts on Friday raised his concerns about fans potentially congregating at home grounds wherever their team play. However, Merseyside Police later said they were happy to police any match held at Anfield or Everton's Goodison Park. AGENCE FRANCE-PRESSE Havertz breaks mark in Leverkusen victory[hhmc] BERLIN • German youngster Kai Havertz broke another Bundesliga record on Friday, after scoring in the 1-0 victory at Freiburg which moved Bayer Leverkusen into third place. He became the first p..

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LA County Can Reopen Barbershops, Restaurants, Salons: Officials

Los Angeles County, which accounts for over half of Californias COVID-19 deaths, is moving deeper into phase two of the states reopening plan, which lets operations resume at places like barbershops and restaurants. Chair of the L.A. County Board of Supervisors Kathryn Barger told a press conference Friday that state authorities approved a regional variance—a kind of permit that lets counties further open their economies if they meet benchmarks—including around case, hospitalization, and testing data. “Our Board of Supervisors voted to seek a variance from the State to align with the majority of other counties in California,” Barger said, adding, “Today, we got word that Gov. Newsom approved the variance, allowing barbershops, hair salons, and restaurants to reopen.” She said the move represents “monumental progress for Los Angeles County on the path toward recovery.” The variances allow counties to move deeper into phase two of Californias reopening roadmap. The county submitted i..

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