TOP STORIES

SINGAPORE BUDGET 2018

Singapore Budget 2018: Banks & developers eye imported services GST

BANKS with operations here are likely to be watching their expenses on imported services...
PUBLISHED Feb 22, 2018 05:50 AM
BT EXCLUSIVE

EL Development buys Singtel's Hill Street property

SINGTEL is selling its Hill Street property - for which planning approval has been...
PUBLISHED Feb 22, 2018 05:50 AM

Weekend at the Oscars

THE Oscars is just around the corner and we've got you covered in this Friday's...
PUBLISHED Feb 22, 2018 05:50 AM

SembMarine Q4 slips into the red on lower business volume

LOWER overall business volume which hit the absorption of overhead costs dragged Sembcorp...
PUBLISHED Feb 22, 2018 05:50 AM

Man charged in Brazil for alleged illegal payments linked to SembMarine's drillship contracts

SEMBCORP Marine confirmed at the release of its full-year results that the Brazilian...
PUBLISHED Feb 22, 2018 05:50 AM
SINGAPORE BUDGET 2018

Singapore Budget 2018: GST walls for e-commerce without borders

NETFLIX has an office in Singapore, but it does not collect goods and services tax (GST)...
PUBLISHED Feb 22, 2018 05:50 AM

More regular Medisave payments, injury insurance among moves for self-employed

SELF-EMPLOYED persons should make Medisave contributions as they earn, instead of...
PUBLISHED Feb 22, 2018 05:50 AM

Digital transformation to contribute US$10b to Singapore's GDP by 2021: study

DIGITAL transformation in the economy will add an estimated US$10 billion to Singapore...
PUBLISHED Feb 22, 2018 05:50 AM

Final version of Trans-Pacific trade deal released

THE final version of a landmark deal aimed at cutting trade barriers in some of the Asia-...
PUBLISHED Feb 22, 2018 05:50 AM

Lower COE following shorter bidding period

CERTIFICATES of entitlement (COEs) ended lower across the board at the first tender in...
PUBLISHED Feb 22, 2018 05:50 AM
OPINION

Singapore Budget 2018: An economist's viewpoint on the Budget

PRESENTING the Singapore budget on Monday, Finance Minister Heng Swee Keat said that with...
PUBLISHED Feb 22, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Will Genting Singapore beat MBS in VIP growth?

ABOUT a month ago, Marina Bay Sands - the bigger of the two integrated resorts (IRs) in...
PUBLISHED Feb 22, 2018 05:50 AM

BRC Asia offers 42 cents apiece for Lee Metal Group

STEEL prefabrication firm BRC Asia is offering to buy fellow steel player Lee Metal Group...
PUBLISHED Feb 22, 2018 05:50 AM

Trading of OTC derivatives on organised markets: MAS seeks views

SINGAPORE'S financial sector regulator is proposing new rules which will require...
PUBLISHED Feb 22, 2018 05:50 AM

DBS throws bash to mark new year and golden jubilee

DBS rolled out the red carpet at the Marina Bay Sands on Wednesday for almost 2,000...
PUBLISHED Feb 22, 2018 05:50 AM

Pacific Radiance given more time to announce FY2017 results, hold AGM

PACIFIC Radiance has been granted an extension by the Singapore Exchange of up to July 2...
PUBLISHED Feb 22, 2018 05:50 AM

Corporate digest

TEMASEK Holdings' Fullerton Fund Management announced on Wednesday that its unit,...
PUBLISHED Feb 22, 2018 05:50 AM

Asia's the silver lining in Allianz's 2017 results

ALLIANZ on Wednesday announced a solid set of results for its performance in Asia for the...
PUBLISHED Feb 22, 2018 05:50 AM

TalkMed's Q4 net profit dips 19.3% y-o-y on fewer patient visits

CATALIST-listed healthcare provider TalkMed Group - whose chief executive officer (CEO)...
PUBLISHED Feb 22, 2018 05:50 AM

UOB raises S$1.6m for charities

MORE than 1,200 business owners from the region joined United Overseas Bank at its annual...
PUBLISHED Feb 22, 2018 05:50 AM
STOCKS

STI climbs back above 3,500 points

IN a day where Hong Kong and Taiwan rebounded, Singapore's benchmark Straits Times...
PUBLISHED Feb 22, 2018 05:50 AM

Brokers' take

All three listed telecommunications service providers in Singapore ended 2017 with muted...
PUBLISHED Feb 22, 2018 05:50 AM
CURRENCIES

Euro falls as US dollar extends recovery

THE euro edged lower on Wednesday as the US dollar built on its recovery from last week...
PUBLISHED Feb 22, 2018 05:50 AM

REAL ESTATE

9,999-year Guillemard site up for sale at indicative price of S$99m

A 9,999-year leasehold residential site in Guillemard Road/Jalan Molek has been put up...
PUBLISHED Feb 22, 2018 05:50 AM

Pomex Court up for sale for at least S$37m

POMEX Court in 50 Lorong 101 Changi Road is set to be put up for collective sale, with a...
PUBLISHED Feb 22, 2018 05:50 AM

British Columbia takes aim at housing speculation

BRITISH Columbia moved on Tuesday to crack down on real estate speculators, expanding its...
PUBLISHED Feb 22, 2018 05:50 AM

AccorHotels' 2017 profits beat expectations

ACCORHOTELS, Europe's largest hotel company, posted a forecast-beating 10.1 per cent...
PUBLISHED Feb 22, 2018 05:50 AM

Barangaroo: Sydney's hot new district

IT'S almost impossible to think the Sydney Opera House, which receives more than...
PUBLISHED Feb 22, 2018 05:50 AM

BANKING & FINANCE

Trading of OTC derivatives on organised markets: MAS seeks views

SINGAPORE'S financial sector regulator is proposing new rules which will require...
PUBLISHED Feb 22, 2018 05:50 AM

DBS throws bash to mark new year and golden jubilee

DBS rolled out the red carpet at the Marina Bay Sands on Wednesday for almost 2,000...
PUBLISHED Feb 22, 2018 05:50 AM

Asia's the silver lining in Allianz's 2017 results

ALLIANZ on Wednesday announced a solid set of results for its performance in Asia for the...
PUBLISHED Feb 22, 2018 05:50 AM

UOB raises S$1.6m for charities

MORE than 1,200 business owners from the region joined United Overseas Bank at its annual...
PUBLISHED Feb 22, 2018 05:50 AM

Fallout from alleged diamond-debt fraud continues

THE alleged diamond debt fraud in India has severe implications for the global gem and...
PUBLISHED Feb 22, 2018 05:50 AM

Japanese insurer Meiji Yasuda increasing purchases of US bonds as yen surges

MEIJI Yasuda Life Insurance is boosting purchases of unhedged US debt, encouraged by the...
PUBLISHED Feb 22, 2018 05:50 AM

Lloyds profit surges by 52% as bank builds on recovery

LLOYDS Banking Group on Wednesday said that its net profit soared 52 per cent last year,...
PUBLISHED Feb 22, 2018 05:50 AM

Central banks may top inflation targets, says US$295b fund

NOT only will central banks meet their inflation targets, they may even exceed them.
PUBLISHED Feb 22, 2018 05:50 AM

ENERGY & COMMODITIES

Fallout from alleged diamond-debt fraud continues

THE alleged diamond debt fraud in India has severe implications for the global gem and...
PUBLISHED Feb 22, 2018 05:50 AM

Electric car market jumpstarts cobalt prices

COBALT is hitting historically high prices fuelled by the car industry, which needs the...
PUBLISHED Feb 22, 2018 05:50 AM

Apple in talks to negotiate buying cobalt direct from miners: sources

APPLE is in talks to buy long-term supplies of cobalt directly from miners for the first...
PUBLISHED Feb 22, 2018 05:50 AM

TECHNOLOGY

Top specialists warn about 'malicious use' of artificial intelligence

ARTIFICIAL intelligence (AI) could be deployed by dictators, criminals and terrorists to...
PUBLISHED Feb 22, 2018 05:50 AM

Broadcom's Penang-born CEO paid US$103m in 2017

PENANG-born Broadcom chief executive officer Tan Hock Eng received US$103.2 million in...
PUBLISHED Feb 22, 2018 05:50 AM

North Korean hacking group grows into global threat

NORTH Korean cyber spy group Reaper is emerging as a global threat, conducting espionage...
PUBLISHED Feb 22, 2018 05:50 AM

Acer counts on extra life from gamers to escape PC purgatory

ACER Inc is finally showing signs of life. Now, it is hoping that a growing legion of...
PUBLISHED Feb 22, 2018 05:50 AM

CONSUMER

TalkMed's Q4 net profit dips 19.3% y-o-y on fewer patient visits

CATALIST-listed healthcare provider TalkMed Group - whose chief executive officer (CEO)...
PUBLISHED Feb 22, 2018 05:50 AM

Lotte head offers to resign from Japan-based holding firm: report

THE head of South Korea's Lotte Group has offered to quit as chairman at Japan-based...
PUBLISHED Feb 22, 2018 05:50 AM

Moncler bids farewell to catwalk with eight new collections

THE traditional catwalk show is dead and the way forward is to attract customers with new...
PUBLISHED Feb 22, 2018 05:50 AM

Chicken shortage shuts hundreds of KFC stores in UK

SOME KFC outlets in Britain are to remain shut for the rest of the week, the fast-food...
PUBLISHED Feb 22, 2018 05:50 AM

TRANSPORT

Pacific Radiance given more time to announce FY2017 results, hold AGM

PACIFIC Radiance has been granted an extension by the Singapore Exchange of up to July 2...
PUBLISHED Feb 22, 2018 05:50 AM

UK should demand cost pledge for new runway: airline bosses

BRITISH lawmakers should force Heathrow to promise not to raise passenger charges before...
PUBLISHED Feb 22, 2018 05:50 AM

Airbus No 2 Bregier bails out after handing over latest model

HANDING over a new aircraft is usually a celebratory affair: the customer inspects the...
PUBLISHED Feb 22, 2018 05:50 AM

Audi CEO rejects talk about his future

AUDI chief executive Rupert Stadler has rejected suggestions that he is about to be...
PUBLISHED Feb 22, 2018 05:50 AM

Extreme conditions await MH370 recovery if wreckage is found, say salvagers

SALVAGERS are confident that debris and human remains can be recovered if Malaysia...
PUBLISHED Feb 22, 2018 05:50 AM

GOVERNMENT & ECONOMY

Australia pension savings could help fund Trump's infrastructure push

PRESIDENT Donald Trump's pledge to fix America's ailing roads, bridges and...
PUBLISHED Feb 22, 2018 05:50 AM

Indian central bank warns of inflation as it keeps eye on growth

MINUTES from the Reserve Bank of India's meeting this month showed monetary policy...
PUBLISHED Feb 22, 2018 05:50 AM

Thai junta says 'not concerned' about ousted PM Thaksin's Asia tour

THAILAND is not concerned about the movement of fugitive former prime minister Thaksin...
PUBLISHED Feb 22, 2018 05:50 AM

Hard Brexit faction in May's party demands clean break from EU

MORE than 60 Conservative lawmakers have written to Theresa May demanding a quick, clean...
PUBLISHED Feb 22, 2018 05:50 AM

UK jobless rate rises; wage growth still moderate

BRITAIN'S jobless rate unexpectedly rose for the first time in almost two years and...
PUBLISHED Feb 22, 2018 05:50 AM

Eurozone Feb business growth loses steam but remains robust

EUROZONE business growth has slowed more than expected this month but remains robust as...
PUBLISHED Feb 22, 2018 05:50 AM

Australian wages creep up in Q4, but businesses still playing Scrooge

AUSTRALIAN wages rose a fraction faster last quarter but private sector growth stayed...
PUBLISHED Feb 22, 2018 05:50 AM

LIFE & CULTURE

Counting calories not the key to weight loss

ANYONE who has ever been on a diet knows that the standard prescription for weight loss...
PUBLISHED Feb 22, 2018 05:50 AM

Special paw-trol in Alaskan national park

IN the winter, thick snow blankets Alaska's Denali National Park and Preserve, one...
PUBLISHED Feb 22, 2018 05:50 AM

OPINION

EDITORIAL

Singapore Budget 2018: GST on imported services a big step to broaden tax revenue stream

THE announcement by Finance Minister Heng Swee Keat that Singapore will start taxing the...
PUBLISHED Feb 22, 2018 05:50 AM

It pays to realise your full brand potential

Think about this statistic. On a purely financial basis, brand value represents 50 per...
PUBLISHED Feb 22, 2018 05:50 AM
THE BOTTOM LINE

GOP's character flaws are those of its leading members

EVEN those who have long since accepted the premise that Donald Trump is corrupt, self-...
PUBLISHED Feb 22, 2018 05:50 AM

Future-proofing boards: the importance of diversity of thought

ACROSS industries, companies are increasingly being confronted by new and unprecedented...
PUBLISHED Feb 22, 2018 05:50 AM
COMMENTARY

Cryptocurrency investors may face a harsh reality later

2017 saw a bumper crop of events in the cryptocurrency arena. It looks set to continue in...
PUBLISHED Feb 22, 2018 05:50 AM
COMMENTARY

When average productivity doesn't say much

THE average German worker shows up for 35 hours per week, as does the average Swiss...
PUBLISHED Feb 22, 2018 05:50 AM

BREAKING NEWS

Feb 22, 2018 08:54 PM

Far East Orchard's full-year profit slumps 66.8%

DRAGGED by a decline in revenue, other income and share of profit from joint ventures, Far East Orchard reported a 66.8...
Feb 22, 2018 08:10 PM

SUTL to acquire 60% stake in marina project in Phuket for S$5.6m

SUTL Enterprise Limited, the owner of the ONE°15 luxury yachting brand, has entered into a conditional sale and...
Feb 22, 2018 07:48 PM

JEP appoints UMS founder and CEO as new executive chairman

JEP Holdings has appointed Andy Luong as executive chairman to replace its existing chairman, Joe Lau, who is stepping...
Feb 22, 2018 07:46 PM

Riverstone posts 5% drop in Q4 profit

RIVERSTONE Holdings reported a 5 per cent drop in net profit to RM34.23 million for the fourth quarter ended Dec 31,...
Feb 22, 2018 07:21 PM

Ascendas-Singbridge appoints new chief executive for India operations

VINAMRA Srivastava, urban development and business space solutions provider Ascendas-Singbridge Group's head of...
Feb 22, 2018 07:18 PM

PSA raises stake in CrimsonLogic to 45%, deepens cooperation

PSA International (PSA) has raised its shareholding in CrimsonLogic from 15 per cent to 45 per cent, by acquiring...
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