Wednesday, Feb 15, 2017

TOP STORIES

MAS eases rules on finance companies, opens pipeline of funds to SMEs

THE Monetary Authority of Singapore (MAS) said on Tuesday that it will relax its rules...
PUBLISHED Feb 15, 2017 05:50 AM

Oil stress yet to hit bottom

OIL-and-gas players may not attract the capital they now need to tide them over this...
PUBLISHED Feb 15, 2017 05:50 AM

Indonesia drives banner year for S'pore tourism; moderate growth likely for 2017

THE Singapore Tourism Board (STB) is projecting modest growth for the local tourism...
PUBLISHED Feb 15, 2017 05:50 AM

Annual premiums drive Q4 insurance growth

SINGAPORE'S life insurance industry reported growth on all fronts in the fourth...
PUBLISHED Feb 15, 2017 05:50 AM

Investors 'should filter out the Trump noise, look at big picture'

INVESTORS should look beyond the noise generated by US President Donald Trump's...
PUBLISHED Feb 15, 2017 05:50 AM

Accessing financing

Bringing new technologies to finance companies.
PUBLISHED Feb 15, 2017 05:50 AM

Strong flag off in January for some car brands

SOME car brands are off to a very good start in 2017, with the new year spike in...
PUBLISHED Feb 15, 2017 05:50 AM

Global M&A scene to stay strong in 2017: JP Morgan

DESPITE the many talked-about challenges plaguing the global mergers and acquisitions (M...
PUBLISHED Feb 15, 2017 05:50 AM

Singapore LNG terminal to call for proposals to take up spare capacity

SINGAPORE LNG, which owns and runs the liquefied natural gas (LNG) terminal on Jurong...
PUBLISHED Feb 15, 2017 05:50 AM

Assurity to offer extra layer of digital protection

ASSURITY Trusted Solutions, owned by Government Technology Agency (GovTech), signed an...
PUBLISHED Feb 15, 2017 05:50 AM

China producer prices up in Jan after four years of deflation

PRICES at factory gates and consumer prices rose more than expected in January, but...
PUBLISHED Feb 15, 2017 05:50 AM
US POLITICS

Mnuchin sworn in as US Treasury chief, Shulkin to head VA

THE US Senate on Monday confirmed Wall Street banker Steven Mnuchin to be the next...
PUBLISHED Feb 15, 2017 05:50 AM
US POLITICS

Top Trump aide Michael Flynn resigns over Russia contacts

DONALD Trump's national security adviser Michael Flynn resigned after it was...
PUBLISHED Feb 15, 2017 05:50 AM

STOCKS

HOT STOCK

Noble shares soar on talks with strategic investor

SHARES in Noble Group soared on Tuesday after the struggling commodity trader confirmed...
PUBLISHED Feb 15, 2017 05:50 AM
STOCKS

OCBC profit fall sparks bank selloff

US PRESIDENT Donald Trump's promise of a "phenomenal" tax plan may have...
PUBLISHED Feb 15, 2017 05:50 AM

Brokers' take

Manulife US Reit reported a strong set of maiden FY16 results with distribution per unit...
PUBLISHED Feb 15, 2017 05:50 AM
CURRENCIES

US$ stumbles after Trump adviser quits

THE dollar stumbled against major currencies on Tuesday as investors reined in any...
PUBLISHED Feb 15, 2017 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

AI, human-centric design to drive innovation in finance

THE Monetary Authority of Singapore has introduced a raft of digital initiatives to fuel...
PUBLISHED Feb 15, 2017 05:50 AM

Riady family drives home key terms of Auric Pacific takeover

SOMETIMES, a single announcement stating the terms of a takeover offer just isn't...
PUBLISHED Feb 15, 2017 05:50 AM

Trade claims pile up on Ezra's subsea joint venture

EZRA Holdings has entered into another trading halt as trade claims pile up against its...
PUBLISHED Feb 15, 2017 05:50 AM

ASL Marine Q2 profit plummets on lower revenue and margin

SECOND-QUARTER net profit of offshore and marine group ASL Marine plummeted 51.6 per cent...
PUBLISHED Feb 15, 2017 05:50 AM

China Star Food sets eyes on more ventures with supermarket chains

CHINA Star Food Group's recent breakthrough into Walmart China has helped opened new...
PUBLISHED Feb 15, 2017 05:50 AM

Real estate sector outperforms overall STI early in 2017

LISTED property developers and operators have returned 12 per cent since the beginning of...
PUBLISHED Feb 15, 2017 05:50 AM

Corporate Digest

THAI Beverage posted a profit of 7.7 billion baht (S$312 million) for its first quarter...
PUBLISHED Feb 15, 2017 05:50 AM

CDL buys Shanghai project for 900m yuan

BUILDING up its presence in China, Singapore-listed City Developments Limited (CDL) has...
PUBLISHED Feb 15, 2017 05:50 AM
HOT STOCK

Noble shares soar on talks with strategic investor

SHARES in Noble Group soared on Tuesday after the struggling commodity trader confirmed...
PUBLISHED Feb 15, 2017 05:50 AM
NEWS ANALYSIS

Noble's sugar daddy is the perfect Valentine's match

TUESDAY was Valentine's Day, so it came as no surprise that even the ugliest...
PUBLISHED Feb 15, 2017 05:50 AM

Croesus posts higher Q2 DPU on the back of enlarged portfolio

CROESUS Retail Trust (CRT) announced a distribution per unit (DPU) of 1.81 Singapore...
PUBLISHED Feb 15, 2017 05:50 AM
STOCKS

OCBC profit fall sparks bank selloff

US PRESIDENT Donald Trump's promise of a "phenomenal" tax plan may have...
PUBLISHED Feb 15, 2017 05:50 AM

Brokers' take

Manulife US Reit reported a strong set of maiden FY16 results with distribution per unit...
PUBLISHED Feb 15, 2017 05:50 AM
CURRENCIES

US$ stumbles after Trump adviser quits

THE dollar stumbled against major currencies on Tuesday as investors reined in any...
PUBLISHED Feb 15, 2017 05:50 AM

REAL ESTATE

Real estate sector outperforms overall STI early in 2017

LISTED property developers and operators have returned 12 per cent since the beginning of...
PUBLISHED Feb 15, 2017 05:50 AM

CDL buys Shanghai project for 900m yuan

BUILDING up its presence in China, Singapore-listed City Developments Limited (CDL) has...
PUBLISHED Feb 15, 2017 05:50 AM

Croesus posts higher Q2 DPU on the back of enlarged portfolio

CROESUS Retail Trust (CRT) announced a distribution per unit (DPU) of 1.81 Singapore...
PUBLISHED Feb 15, 2017 05:50 AM

Prime region leads private-home resale price rise

THE first month of 2017 saw a continued momentum in the high-end residential property...
PUBLISHED Feb 15, 2017 05:50 AM

4,056 HDB flats up for sale in February BTO exercise

THE HDB has launched 4,056 flats for sale on Tuesday under the February 2017 Build-To-...
PUBLISHED Feb 15, 2017 05:50 AM
COMMENTARY

Is the Singapore Reit success story coming undone?

SINGAPORE'S real estate investment trusts (Reits) became popular because they had...
PUBLISHED Feb 15, 2017 05:50 AM

Carlyle's Brazilian developer battles mounting lawsuits

A BRAZILIAN land developer controlled by Carlyle Group LP investment vehicles is buckling...
PUBLISHED Feb 15, 2017 05:50 AM

Aldar posts flat Q4 profit, foresees lower sales in 2017

ALDAR Properties expects lower sales in 2017, its chief financial officer said on Tuesday...
PUBLISHED Feb 15, 2017 05:50 AM

Trump empire to launch Dubai golf course

US PRESIDENT Donald Trump's sons are set to inaugurate a branded "iconic"...
PUBLISHED Feb 15, 2017 05:50 AM

Aleppo residents work to save battle-scarred heritage buildings

IN THE rubble-strewn square outside Aleppo's ancient citadel and under the scorched...
PUBLISHED Feb 15, 2017 05:50 AM

BANKING & FINANCE

Riding high on large current account surpluses

WHEN it comes to Asian bonds right now, getting the highest yield does not seem to be the...
PUBLISHED Feb 15, 2017 05:50 AM

Banks looking to mobile phones to replace ATM cards

WALLETS can be lost, stolen or forgotten, but most people today would not be caught dead...
PUBLISHED Feb 15, 2017 05:50 AM

US regional banks urge lawmakers to ease capital rules, end card fee cap

CHIEF executives at the biggest US regional banks are asking US lawmakers to consider...
PUBLISHED Feb 15, 2017 05:50 AM

Credit Suisse records Q4 loss of 2.35b francs on litigation charge

CREDIT Suisse Group AG posted a fourth-quarter loss of 2.35 billion francs (S$3.3 billion...
PUBLISHED Feb 15, 2017 05:50 AM

ENERGY & COMMODITIES

Glencore buys out billionaire with mining deal

GLENCORE Plc agreed to a US$960 million deal that will boost ownership of two giant...
PUBLISHED Feb 15, 2017 05:50 AM

Malaysia's bauxite industry headed from boom to bust

ALREADY under fire for widespread environmental damage, Malaysia's once lucrative...
PUBLISHED Feb 15, 2017 05:50 AM

Saudis turn to solar to extend life of crude franchise

THE nation most identified with its massive oil reserves is turning to wind and solar to...
PUBLISHED Feb 15, 2017 05:50 AM

TECHNOLOGY

Toshiba to book 712.5b-yen nuclear writedown

TOSHIBA Corp says it expects to book a 712.5 billion-yen (S$8.9 billion) writedown in its...
PUBLISHED Feb 15, 2017 05:50 AM

Tech geeks venture into Goldman Sachs' world of M&As

TECHNOLOGY whizzes who helped Goldman Sachs eliminate hundreds of trading jobs over the...
PUBLISHED Feb 15, 2017 05:50 AM

Hoteliers comb ranks of tech workers to gain edge

THE front desk manager or housekeeper may epitomise the hotel employee, but the...
PUBLISHED Feb 15, 2017 05:50 AM

UK startups eyeing moves to continental Europe as Brexit sows anxiety

BRITISH technology startups are beginning to stress out over Brexit.
PUBLISHED Feb 15, 2017 05:50 AM

CONSUMER

High costs turn textile buyers back to Europe

INTERNATIONAL textiles buyers are increasingly switching away from China - and turning...
PUBLISHED Feb 15, 2017 05:50 AM

Walmart to tear down walls between store, online buying operations: sources

WALMART Stores Inc for the first time will combine its own buying for products sold at...
PUBLISHED Feb 15, 2017 05:50 AM

Allergan to buy fat-fighter firm for US$2.48b

BOTOX maker Allergan Plc agreed to pay US$2.48 billion in cash for Zeltiq Aesthetics Inc...
PUBLISHED Feb 15, 2017 05:50 AM

Heineken buys Kirin's Brazilian breweries in 1b euro deal

HEINEKEN NV, the world's second-largest brewer, agreed on Monday to buy the loss-...
PUBLISHED Feb 15, 2017 05:50 AM

TRANSPORT

ASL Marine Q2 profit plummets on lower revenue and margin

SECOND-QUARTER net profit of offshore and marine group ASL Marine plummeted 51.6 per cent...
PUBLISHED Feb 15, 2017 05:50 AM
STRAIT TALK

The dry bulk market is turning the corner. Or is it?

A NEW report predicts better times for the dry bulk sector but there are clouds on the...
PUBLISHED Feb 15, 2017 05:50 AM

China buys parts-makers in bid to gain foothold in US amid tensions

CHINESE companies started talking a decade ago about cracking the US auto market with low...
PUBLISHED Feb 15, 2017 05:50 AM

Boeing workers' vote is early test for unions under Trump

BOEING came to South Carolina more than seven years ago to establish a second assembly...
PUBLISHED Feb 15, 2017 05:50 AM

Seoul sues Nissan over fuel economy claims, probes BMW, Porsche

SOUTH Korea has sued Nissan Motor's South Korean unit, alleging that the Japanese...
PUBLISHED Feb 15, 2017 05:50 AM

GOVERNMENT & ECONOMY

Deaths from India air pollution rival China: study

INDIA'S air now rivals China's as the world's deadliest, according to a...
PUBLISHED Feb 15, 2017 05:50 AM

BOJ holds more than 40% of Japanese govt bonds

GOVERNOR Haruhiko Kuroda once chuckled that the Bank of Japan (BOJ) had only gobbled up...
PUBLISHED Feb 15, 2017 05:50 AM

Half-brother of N Korean leader assassinated in M'sia

THE half-brother of North Korean leader Kim Jong-un has been assassinated in Malaysia,...
PUBLISHED Feb 15, 2017 05:50 AM

China's foreign minister to attend G-20 meeting alongside Tillerson

CHINESE foreign minister Wang Yi will attend a G-20 gathering this week, China announced...
PUBLISHED Feb 15, 2017 05:50 AM

Chinese weapons reaching 'near-parity' with West: report

CHINA is beginning to export its own weapon designs, including armed drones, worldwide...
PUBLISHED Feb 15, 2017 05:50 AM

Taiwan's central bank chief faces currency test in final year

PERNG Fai-Nan began his tenure as chief of Taiwan's central bank by defending the...
PUBLISHED Feb 15, 2017 05:50 AM

At central banks in South-east Asia, women call the shots

MANY hailed Zeti Akhtar Aziz's 16-year tenure as governor of Malaysia's central...
PUBLISHED Feb 15, 2017 05:50 AM

Indian retail inflation falls to lowest in five years

INDIA'S inflation cooled to its lowest in at least five years in January as food...
PUBLISHED Feb 15, 2017 05:50 AM

Thailand's new king asserts his strength

FROM requiring constitutional changes to pushing for unity in the divided country and...
PUBLISHED Feb 15, 2017 05:50 AM

With vacancies, Trump gains chance to reshape Fed

PRESIDENT Donald Trump's influence over the US central bank may grow significantly...
PUBLISHED Feb 15, 2017 05:50 AM

Trump's Labor pick faces resistance within

AT least four Senate Republicans, including Susan Collins of Maine, are withholding their...
PUBLISHED Feb 15, 2017 05:50 AM

German economy in Q4 grows less than forecast, weighed down by trade

GERMAN growth accelerated less than anticipated in the fourth quarter as strong...
PUBLISHED Feb 15, 2017 05:50 AM

Australian business conditions index soars

AUSTRALIAN business conditions jumped to the highest level in more than nine years and...
PUBLISHED Feb 15, 2017 05:50 AM

Trump brothers say they don't need their father to forge ahead

PRESIDENT Donald Trump's old office on the 26th floor of Trump Tower in Manhattan...
PUBLISHED Feb 15, 2017 05:50 AM

Trump looks like a net negative on economic growth: Goldman Sachs

ADD Goldman Sachs Group Inc's chief economist to the list of those concerned that US...
PUBLISHED Feb 15, 2017 05:50 AM

Retail CEOs head to Washington to try to kill US border tax: sources

CHIEF executives of some of America's largest retailers, including Target Corp and...
PUBLISHED Feb 15, 2017 05:50 AM

Intent behind Trump's travel ban likely to be probed by court

WASHINGTON state's Attorney-General has promised to uncover "what truly...
PUBLISHED Feb 15, 2017 05:50 AM

Trump immigration orders dealt further blows by US judges

PRESIDENT Donald Trump's attempt to close America's borders to citizens of...
PUBLISHED Feb 15, 2017 05:50 AM

Rising barriers to trade put global poverty goals at risk, Indonesia says

THE anti-trade mood sweeping parts of the world will hurt global efforts to pull millions...
PUBLISHED Feb 15, 2017 05:50 AM
EDITORIAL

Washington may not be fully back in business anytime soon

SINCE Donald Trump's election last November, Washington's crystal ball gazers...
PUBLISHED Feb 15, 2017 05:50 AM

LIFE & CULTURE

Thais get in the mood for Valentine's Day

BABIES dressed as cupids, underwater weddings and a government vitamin giveaway to...
PUBLISHED Feb 15, 2017 05:50 AM

Top dogs vie for blue ribbon at New York show

MORE than 2,800 dogs, from tiny Chihuahuas to massive Great Danes, converged on New York...
PUBLISHED Feb 15, 2017 05:50 AM

Mountain flavours add unique twist to South African gin craze

PILING in for after-work drinks, around two dozen people pore over the menu at Mother...
PUBLISHED Feb 15, 2017 05:50 AM

SME

What the CFE report means for SMEs

THE Committee on the Future Economy's (CFE) report, released on Feb 9, provides big-...
PUBLISHED Feb 15, 2017 05:50 AM

EXECUTIVE MONEY

Politics, not economics, remains focus of markets

THE Trump stock market rally has displayed formidable staying power, yet there are...
PUBLISHED Feb 15, 2017 05:50 AM

Is Trump's 'red meat' the right long-term diet?

WITHIN hours of assuming office, Donald Trump began issuing executive orders and policy...
PUBLISHED Feb 15, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

AI, human-centric design to drive innovation in finance

THE Monetary Authority of Singapore has introduced a raft of digital initiatives to fuel...
PUBLISHED Feb 15, 2017 05:50 AM
NEWS ANALYSIS

Noble's sugar daddy is the perfect Valentine's match

TUESDAY was Valentine's Day, so it came as no surprise that even the ugliest...
PUBLISHED Feb 15, 2017 05:50 AM
STRAIT TALK

The dry bulk market is turning the corner. Or is it?

A NEW report predicts better times for the dry bulk sector but there are clouds on the...
PUBLISHED Feb 15, 2017 05:50 AM

What's next for international trade?

FIRST, there was the WTO Doha round stumble and slow death. Then came the 2009 global...
PUBLISHED Feb 15, 2017 05:50 AM
EDITORIAL

Washington may not be fully back in business anytime soon

SINCE Donald Trump's election last November, Washington's crystal ball gazers...
PUBLISHED Feb 15, 2017 05:50 AM
THE BOTTOM LINE

Doing right by Hong Kong is also a plus for China

THESE are dark days for Hong Kong. Its freedom index has just been further downgraded by...
PUBLISHED Feb 15, 2017 05:50 AM

What the CFE report means for SMEs

THE Committee on the Future Economy's (CFE) report, released on Feb 9, provides big-...
PUBLISHED Feb 15, 2017 05:50 AM

Trump's voodoo economics harmful to health of global economy

DONALD Trump's contribution to the global economy appears somewhat like that of a...
PUBLISHED Feb 15, 2017 05:50 AM

Beijing's dilemma over renminbi convertibility

CHINESE authorities and official media have been on a public relations offensive to...
PUBLISHED Feb 15, 2017 05:50 AM
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