Wednesday, Jan 11, 2017

TOP STORIES

STI surges past 3,000 points to 14-month peak

THE benchmark Straits Times Index (STI) broke through the psychologically significant...
PUBLISHED Jan 11, 2017 05:50 AM

Property agency industry shrinks further in tepid market

SINGAPORE'S property agency industry continues to shrink as more agents throw in the...
PUBLISHED Jan 11, 2017 05:50 AM

Startup funding gets off to robust start in 2017

FUNDING for startups is off to a strong start in the new year.
PUBLISHED Jan 11, 2017 05:50 AM

Top Malaysian banker sees ringgit rebound

MALAYSIA'S ringgit is set to rebound from a 19-year low as official measures to...
PUBLISHED Jan 11, 2017 05:50 AM

SEC toughens Green Label criteria for paper products - and ups certification cost

IT will cost pulp and paper manufacturing companies more to slap the Green Label - a...
PUBLISHED Jan 11, 2017 05:50 AM

Construction trade body hands government its first-ever Budget wish list

WARY of intensifying pressures on the construction sector in the near future, the sector...
PUBLISHED Jan 11, 2017 05:50 AM
PARLIAMENT

Life-long learning subsidy totals S$400m a year

THE government provides about S$400 million each year in direct training subsidies for...
PUBLISHED Jan 11, 2017 05:50 AM

World Bank sees global growth improving to 2.7% in 2017

GLOBAL economic growth should accelerate modestly to 2.7 per cent this year after a post-...
PUBLISHED Jan 11, 2017 05:50 AM

Surprisingly bullish bids swamp year's first housing land tender

BULLISH bids poured in for the first tender closing of 2017. But property consultants can...
PUBLISHED Jan 11, 2017 05:50 AM

Sluggish economy? Distributors still upbeat about motor show

THE Singapore Motorshow 2017 is taking place this week, and while some distributors worry...
PUBLISHED Jan 11, 2017 05:50 AM

China inflation eases but producer prices spike

CHINA'S inflation eased in December while prices at factory gates continued to rise...
PUBLISHED Jan 11, 2017 05:50 AM

Japan's struggling rural towns lure tax from other wards with beef, beer

WANT a free case of craft beer? If you send 30,000 yen (S$371) or more of your taxes to...
PUBLISHED Jan 11, 2017 05:50 AM

STOCKS

STOCKS

STI regains 3,000 level despite weak Wall St

THE Straits Times Index enjoyed a sixth consecutive rise on Tuesday, gaining 24.48 points...
PUBLISHED Jan 11, 2017 05:50 AM

Brokers' take

SINGAPORE Medical Group (SMG), through its 50 per cent-owned JV entity SMGIV entered...
PUBLISHED Jan 11, 2017 05:50 AM
CURRENCIES

US$ dips as investors eye Trump; sterling slides again

THE dollar edged down for a second day on Tuesday, as cautious investors booked profits...
PUBLISHED Jan 11, 2017 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Felda Global Ventures may well become an election stock - again

THE debut of Felda Global Ventures (FGV) on the Malaysian stock exchange over four years...
PUBLISHED Jan 11, 2017 05:50 AM

ISOTeam bags S$22.7m worth of new projects

CATALIST-LISTED building maintenance firm ISOTeam on Tuesday announced that it has...
PUBLISHED Jan 11, 2017 05:50 AM

Crowdfunding platform CoAssets sets up real estate subsidiary

COASSETS, a Singapore-founded, Australia-listed real estate crowdfunding platform, said...
PUBLISHED Jan 11, 2017 05:50 AM

Secretive biotech unicorn Moderna unveils research pipeline, financials

MODERNA Therapeutics Inc, one of the best-funded private biotechnology companies in the...
PUBLISHED Jan 11, 2017 05:50 AM

Banks a bright spot in dull Singapore stock market

THE banking sector here is the best-positioned among emerging markets to benefit from...
PUBLISHED Jan 11, 2017 05:50 AM

UOB economists flag two key challenges for Singapore SMEs

IN A world of increasing uncertainty and protectionism, changes in the digital space and...
PUBLISHED Jan 11, 2017 05:50 AM

Australia bank rally leaves fund managers breathless

ONE of the fastest rallies for Australian banks in six years is prompting fund managers...
PUBLISHED Jan 11, 2017 05:50 AM

Fund that made money on Treasuries says rally is about to end

PRUDENTIAL Plc's Asian asset management unit, which profited from the rebound in 30-...
PUBLISHED Jan 11, 2017 05:50 AM

Boustead Projects secures contract for R&D centre

INDUSTRIAL real estate solutions provider, Boustead Projects, announced yesterday that...
PUBLISHED Jan 11, 2017 05:50 AM

Mediacorp veteran to head mm2 Asia

CATALIST-LISTED mm2 Asia Limited, producer of films and TV/online content, has announced...
PUBLISHED Jan 11, 2017 05:50 AM

Pacific Radiance re-enters Middle East with US$68m in multi-year contracts

MAINBOARD-listed offshore support vessel (OSV) owner-operator Pacific Radiance has re-...
PUBLISHED Jan 11, 2017 05:50 AM

Vard wins deals worth 600m kroner to build ferries in Norway

VARD Holdings, which operates shipbuilding facilities, said on Tuesday that it has...
PUBLISHED Jan 11, 2017 05:50 AM

Valeant selling US$2.1b in assets to pay down debt

VALEANT Pharmaceuticals International Inc, the embattled Canadian drugmaker, has agreed...
PUBLISHED Jan 11, 2017 05:50 AM

Corporate digest

CAPITALAND Mall Asia has inked a shopping mall management contract in Xi'an, its...
PUBLISHED Jan 11, 2017 05:50 AM

Indian online realty services providers PropTiger, Housing.com to merge

INDIAN online real estate services providers PropTiger.com and Housing.com will merge to...
PUBLISHED Jan 11, 2017 05:50 AM
STOCKS

STI regains 3,000 level despite weak Wall St

THE Straits Times Index enjoyed a sixth consecutive rise on Tuesday, gaining 24.48 points...
PUBLISHED Jan 11, 2017 05:50 AM

Brokers' take

SINGAPORE Medical Group (SMG), through its 50 per cent-owned JV entity SMGIV entered...
PUBLISHED Jan 11, 2017 05:50 AM
CURRENCIES

US$ dips as investors eye Trump; sterling slides again

THE dollar edged down for a second day on Tuesday, as cautious investors booked profits...
PUBLISHED Jan 11, 2017 05:50 AM

REAL ESTATE

Crowdfunding platform CoAssets sets up real estate subsidiary

COASSETS, a Singapore-founded, Australia-listed real estate crowdfunding platform, said...
PUBLISHED Jan 11, 2017 05:50 AM

Indian online realty services providers PropTiger, Housing.com to merge

INDIAN online real estate services providers PropTiger.com and Housing.com will merge to...
PUBLISHED Jan 11, 2017 05:50 AM

Core Central Region leads in resale condo market

FOR the second consecutive year, the prime area or Core Central Region (CCR) has...
PUBLISHED Jan 11, 2017 05:50 AM

Trump's Indonesia partner deepens bond with theme park, track

INDONESIAN tycoon Hary Tanoesoedibjo says he's fending off potential rivals to his...
PUBLISHED Jan 11, 2017 05:50 AM

Share transfer saves HK buyer from local taxes in purchase of HK$670m mansion

A LOCAL buyer has purchased a mansion overlooking Hong Kong's exclusive Repulse Bay...
PUBLISHED Jan 11, 2017 05:50 AM

FHA to cut fees, lowering rates for first-time home buyers

THE Obama administration cut mortgage-insurance premiums charged under a government...
PUBLISHED Jan 11, 2017 05:50 AM

Carlyle said to target US$5b for new US real estate fund

CARLYLE Group LP is preparing to raise an eighth US real estate fund in the first half of...
PUBLISHED Jan 11, 2017 05:50 AM

BANKING & FINANCE

Banks a bright spot in dull Singapore stock market

THE banking sector here is the best-positioned among emerging markets to benefit from...
PUBLISHED Jan 11, 2017 05:50 AM

Australia bank rally leaves fund managers breathless

ONE of the fastest rallies for Australian banks in six years is prompting fund managers...
PUBLISHED Jan 11, 2017 05:50 AM

Blockchain to shape future of finance

BLOCKCHAIN, cognitive computing and cloud are some of the technologies that will shape...
PUBLISHED Jan 11, 2017 05:50 AM

Norway's biggest life insurer adopts 'scared of everything' stance

THE biggest Norwegian pension fund always fears the worst outcome. And it's a...
PUBLISHED Jan 11, 2017 05:50 AM

China IPO fundraising poised to spike as govt pushes debt reduction

FUNDRAISING from Chinese domestic initial public offerings in 2017 is expected to jump to...
PUBLISHED Jan 11, 2017 05:50 AM

That Dow Jones 20,000 milestone could be a warning sign

THE Dow Jones Industrial Average - the granddaddy of indexes - is famously flirting with...
PUBLISHED Jan 11, 2017 05:50 AM

Sales of investment-grade bonds surge despite long-term fears

THE market for US investment grade debt is charging into the New Year after a sluggish...
PUBLISHED Jan 11, 2017 05:50 AM

ENERGY & COMMODITIES

New York City's closest nuclear power plant to shut by 2021

ENTERGY Corp's over 40-year old Indian Point nuclear power plant will be shut by...
PUBLISHED Jan 11, 2017 05:50 AM

Oil spending up again after 3 years of downsizing

THE oil industry is expected to boost spending for the first time in three years after...
PUBLISHED Jan 11, 2017 05:50 AM

Plunge in crude sends Asian energy chips diving while pound struggles

ASIAN energy firms were the big losers after a plunge in oil prices, while the pound...
PUBLISHED Jan 11, 2017 05:50 AM

Wheat glut may not last much longer with farmers planting less

WHEAT is the weed that feeds. The grain-yielding grass is such a hearty plant that it is...
PUBLISHED Jan 11, 2017 05:50 AM

German utilities face tough 2017 as power rally looks set to stall

GERMAN utilities from RWE AG to EON SE may struggle to convince investors they can adapt...
PUBLISHED Jan 11, 2017 05:50 AM

TECHNOLOGY

Crowdfunding platform CoAssets sets up real estate subsidiary

COASSETS, a Singapore-founded, Australia-listed real estate crowdfunding platform, said...
PUBLISHED Jan 11, 2017 05:50 AM

Facebook hit with stolen VR technology claims

FACEBOOK Inc bet early on virtual reality, buying Oculus VR 21/2 years ago to get its...
PUBLISHED Jan 11, 2017 05:50 AM

Yahoo to be renamed 'Altaba' after selling Internet business

THE fate of Yahoo's US$4.8 billion sale of its Internet business to Verizon...
PUBLISHED Jan 11, 2017 05:50 AM

Paytm startup hits goldmine when India junked 500- and 1,000-rupee notes

THE founder and chief executive of India's largest digital payments company has...
PUBLISHED Jan 11, 2017 05:50 AM

Norway prepares for controversial FM radio shutdown

NORWAY on Wednesday will become the first country in the world to start shutting down its...
PUBLISHED Jan 11, 2017 05:50 AM

CONSUMER

Alibaba's Ma meets Trump, pledges to bring one million jobs to US

ALIBABA executive chairman Jack Ma met US President-elect Donald Trump on Monday and laid...
PUBLISHED Jan 11, 2017 05:50 AM

Alibaba takes big step offline with US$2.6b Intime deal

ALIBABA Group Holding Ltd is leading a bid to take department store chain Intime Retail...
PUBLISHED Jan 11, 2017 05:50 AM

Mars to buy pet hospital company for US$7.7b

THE company name Mars Inc evokes images of M&M's, Snickers and Dove chocolate,...
PUBLISHED Jan 11, 2017 05:50 AM

Abbott releases cyber patches for heart implants after US probe

ABBOTT Laboratories moved to protect patients with its St Jude heart implants against...
PUBLISHED Jan 11, 2017 05:50 AM

Alps' holiday snow shortage leaves skiing addicts in withdrawal

FOR the third year in a row, the search for Alpine snow is on.
PUBLISHED Jan 11, 2017 05:50 AM

TRANSPORT

STRAIT TALK

Shipping sector on course for recovery

CONTAINER freight rates have at last started to recover, but are doing so from a very low...
PUBLISHED Jan 11, 2017 05:50 AM
DETROIT AUTO SHOW

Made-in-America the must-have marque for the moment

AUTO executives rushed to offer fresh evidence of US investments at the start of the...
PUBLISHED Jan 11, 2017 05:50 AM

US a tough market for foreign carmakers: IHS Markit

WITH rising profits and record sales, the US car market is a tempting target for many...
PUBLISHED Jan 11, 2017 05:50 AM

US charges VW executive with fraud over emissions scandal

VOLKSWAGEN AG suffered a new setback on Monday when an executive was charged with...
PUBLISHED Jan 11, 2017 05:50 AM

GOVERNMENT & ECONOMY

LATEST US DATA

Wholesale inventories post biggest rise in two years

US wholesale inventories in November rose slightly more than previously reported, posting...
PUBLISHED Jan 11, 2017 05:50 AM

US small-business optimism up the most since 1980

OPTIMISM among America's small businesses soared in December by the most since 1980...
PUBLISHED Jan 11, 2017 05:50 AM

China's biggest money fund bracing for more liquidity shocks

CHINA will face more frequent liquidity shocks this year, according to the manager of the...
PUBLISHED Jan 11, 2017 05:50 AM

EU proposes greater privacy protection to boost digital economy

THE European Union (EU) proposed on Tuesday broadening privacy protection in electronic...
PUBLISHED Jan 11, 2017 05:50 AM

Fifa approves 48-team World Cup for 2026

FIFA's ruling council on Tuesday unanimously approved an expansion of the World Cup...
PUBLISHED Jan 11, 2017 05:50 AM

FX 'cartel' traders said to face charges of rigging

PROSECUTORS are poised to charge currency traders at the heart of one of the biggest US...
PUBLISHED Jan 11, 2017 05:50 AM

Xi will be China's first head of state to attend Davos forum

PRESIDENT Xi Jinping this month will become the first Chinese head of state to attend the...
PUBLISHED Jan 11, 2017 05:50 AM

'Davos of the East' losing its shine in Gujarat

IT has been touted as the "Davos of the East", but the biannual investors meet...
PUBLISHED Jan 11, 2017 05:50 AM

China's clean air bid scares rivals in duel over dirty fuel

CHINA'S recent push to clean up its air is leaving some of its neighbours feeling...
PUBLISHED Jan 11, 2017 05:50 AM

Thai king orders charter amendment in rare intervention

THAILAND'S new king has ordered sections of the country's draft constitution to...
PUBLISHED Jan 11, 2017 05:50 AM

Investors talk about 2017 and Trump

LAST year was one of unusually big surprises for markets - none more so than the election...
PUBLISHED Jan 11, 2017 05:50 AM

That Dow Jones 20,000 milestone could be a warning sign

THE Dow Jones Industrial Average - the granddaddy of indexes - is famously flirting with...
PUBLISHED Jan 11, 2017 05:50 AM

LIFE & CULTURE

Smoking costs global economy $1t a year

SMOKING costs the global economy more than US$1 trillion a year, and will kill one third...
PUBLISHED Jan 11, 2017 05:50 AM

Mongolia makes no bones about crushing fossil theft

FOR years, herder Gelegrash had a sideline bringing tourists to see a dinosaur skull...
PUBLISHED Jan 11, 2017 05:50 AM

'Hollyweed' sign prankster arrested

LOS Angeles police on Monday arrested a local artist suspected of a New Year's Day...
PUBLISHED Jan 11, 2017 05:50 AM

Chilling fate for polar bears as world warms

FEDERAL wildlife officials on Monday called climate change the biggest threat to the...
PUBLISHED Jan 11, 2017 05:50 AM

SME

UOB economists flag two key challenges for Singapore SMEs

IN A world of increasing uncertainty and protectionism, changes in the digital space and...
PUBLISHED Jan 11, 2017 05:50 AM

EXECUTIVE MONEY

Investors talk about 2017 and Trump

LAST year was one of unusually big surprises for markets - none more so than the election...
PUBLISHED Jan 11, 2017 05:50 AM

That Dow Jones 20,000 milestone could be a warning sign

THE Dow Jones Industrial Average - the granddaddy of indexes - is famously flirting with...
PUBLISHED Jan 11, 2017 05:50 AM

Sales of investment-grade bonds surge despite long-term fears

THE market for US investment grade debt is charging into the New Year after a sluggish...
PUBLISHED Jan 11, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

Felda Global Ventures may well become an election stock - again

THE debut of Felda Global Ventures (FGV) on the Malaysian stock exchange over four years...
PUBLISHED Jan 11, 2017 05:50 AM

Is Singapore losing its investment shine?

ON Dec 30, 2016, just when the world was getting into a celebratory mood to usher in the...
PUBLISHED Jan 11, 2017 05:50 AM
EDITORIAL

Employers must see the value in hiring and retaining older workers

IT'S a move five long years in the making. The government first announced its...
PUBLISHED Jan 11, 2017 05:50 AM
THE BOTTOM LINE

Beijing's diplomatic offensive at risk of backfiring

TAIWAN'S leader, President Tsai Ing-wen, arrived in Honduras Sunday for a closely...
PUBLISHED Jan 11, 2017 05:50 AM

Trump's adversarial policy stance a deal-breaker

PRESIDENT-elect Donald Trump views himself as a juggler of foreign and domestic policy,...
PUBLISHED Jan 11, 2017 05:50 AM
COMMENTARY

To stay relevant, critical for banks to jump on the digital train

THE exponential rise in the use of mobile technologies and the proliferation of smart...
PUBLISHED Jan 11, 2017 05:50 AM

Towards transparency for a clearer picture of the palm-oil supply chain

HAVING pumped in billions of dollars into the economies of countries such as Malaysia and...
PUBLISHED Jan 11, 2017 05:50 AM
LETTER TO THE EDITOR

More benefit if insurer pays out from buffer of guaranteed bonus

I REFER to the article: "It's not guaranteed" (The Business Times Weekend...
PUBLISHED Jan 11, 2017 05:50 AM
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