Friday, Apr 14, 2017

TOP STORIES

Q1 growth at 2.5%; manufacturing still plays heavyweight role

MANUFACTURING remains key as the Singapore economy grew 2.5 per cent in the first quarter...
PUBLISHED Apr 14, 2017 05:50 AM

STB bringing Disney, Jedi magic to Singapore

THE Singapore Tourism Board (STB) is joining forces with The Walt Disney Company (...
PUBLISHED Apr 14, 2017 05:50 AM

Grit, charm and gear in BT Weekend

FOUR enthusiastic home cooks are now serving private dinners in their own homes. Find out...
PUBLISHED Apr 14, 2017 05:50 AM

Plans afoot to make Orchard Road pedestrian-friendly

ORCHARD Road is set to undergo a rejuvenation aimed at making it more pedestrian-friendly...
PUBLISHED Apr 14, 2017 05:50 AM

MAS stays the course with neutral stance on monetary policy

ROUND two goes to Singapore's monetary policy doves...
PUBLISHED Apr 14, 2017 05:50 AM

Third derivatives exchange may open in Singapore

SINGAPORE may be set to get a third derivatives exchange, this time backed by China. If...
PUBLISHED Apr 14, 2017 05:50 AM

World Bank joins chorus of optimism on Asia's economic prospects

EAST Asia's economic growth outlook is expected to remain "broadly positive...
PUBLISHED Apr 14, 2017 05:50 AM

China exports surge in March, widening its trade surplus

CHINA'S exports surged last month, more than doubling the country's monthly...
PUBLISHED Apr 14, 2017 05:50 AM

Bank Negara to liberalise regulated short-selling of bonds

THE Malaysian central bank will liberalise the regulated short-selling framework from May...
PUBLISHED Apr 14, 2017 05:50 AM

Fund managers oppose dual-class shares plan for Singapore

INTERNATIONAL investors including BlackRock Inc and the Ontario Teachers Pension Plan...
PUBLISHED Apr 14, 2017 05:50 AM
LATEST US DATA

Wholesale inflation dips in March for first time since August

US WHOLESALE inflation fell slightly in March for the first time since August 2016, a...
PUBLISHED Apr 14, 2017 05:50 AM

Singapore property prices to double by 2030: Morgan Stanley

SINGAPORE'S property prices are expected to turn the corner next year, ending a...
PUBLISHED Apr 14, 2017 05:50 AM

Local smart bike-sharing service hits the road

SINGAPORE'S first homegrown smart bike-sharing service, oBike, will officially roll...
PUBLISHED Apr 14, 2017 05:50 AM

Rise in boxes handled, bunker sales for 3rd straight month

THE Port of Singapore has posted, for the third consecutive month this year, increases...
PUBLISHED Apr 14, 2017 05:50 AM

STOCKS

STOCKS

Market hit by geopolitical uncertainty

LOCAL stocks spent the week tracking swings in the Dow futures and Wall Street, which in...
PUBLISHED Apr 14, 2017 05:50 AM

Brokers' take

The listing status of 41.9 per cent-owned Unusual would help to propel mm2 Asia's...
PUBLISHED Apr 14, 2017 05:50 AM
CURRENCIES

Greenback recovers from 2-week low

THE dollar recovered from a two-week low against a broad index on Thursday, having slid...
PUBLISHED Apr 14, 2017 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

AGM bunching: Don't fight it, just step around it

APRIL is the time of the year when complaints about the bunching of annual general...
PUBLISHED Apr 14, 2017 05:50 AM

SATS unveils S$21m e-commerce airhub

CONSUMERS can expect overseas packages to arrive sooner with the opening of SATS'...
PUBLISHED Apr 14, 2017 05:50 AM

Singapore's healthcare stocks generate higher returns than global peers

SINGAPORE'S 14 primary healthcare listings in this sub-sector generated a 12-month...
PUBLISHED Apr 14, 2017 05:50 AM

Swissco judicial managers table US$7.2m vessel sale

THE interim judicial managers (IJMs) of Swissco Holdings announced before Thursday's...
PUBLISHED Apr 14, 2017 05:50 AM

DBS seeks to tap US$289b in Indonesian wealth

DBS Group Holdings Ltd, South-east Asia's largest lender, is focusing on expanding...
PUBLISHED Apr 14, 2017 05:50 AM

Ringgit 'looks set for revival'

ASIA'S worst-performing currency is starting to come back into favour...
PUBLISHED Apr 14, 2017 05:50 AM

Corporate digest

OXLEY Holdings' wholly owned subsidiary Oxley MTN has priced its US$200 million...
PUBLISHED Apr 14, 2017 05:50 AM
STOCKS

Market hit by geopolitical uncertainty

LOCAL stocks spent the week tracking swings in the Dow futures and Wall Street, which in...
PUBLISHED Apr 14, 2017 05:50 AM

Brokers' take

The listing status of 41.9 per cent-owned Unusual would help to propel mm2 Asia's...
PUBLISHED Apr 14, 2017 05:50 AM
CURRENCIES

Greenback recovers from 2-week low

THE dollar recovered from a two-week low against a broad index on Thursday, having slid...
PUBLISHED Apr 14, 2017 05:50 AM

More institutional investors use ESG factors but firms' disclosure found wanting: EY

INSTITUTIONAL investors are increasingly using environmental, social and governance (ESG...
PUBLISHED Apr 14, 2017 05:50 AM

Hong Kong, S'pore set to make fee disclosures mandatory

HONG Kong and Singapore are set to launch new disclosure rules for wealth managers on...
PUBLISHED Apr 14, 2017 05:50 AM

Vietnam's PV Power could raise US$600m from IPO and key investors

PETROVIETNAM Power Corp, Vietnam's second-largest power producer, said the sale of a...
PUBLISHED Apr 14, 2017 05:50 AM

REAL ESTATE

Sotheby's International Realty to enter HK

FRESH from the opening of its Singapore office last month, Sotheby's International...
PUBLISHED Apr 14, 2017 05:50 AM

Central London house prices fall in March on Brexit, tax: survey

HOUSE prices in central London saw their most widespread declines since 2009 as Brexit...
PUBLISHED Apr 14, 2017 05:50 AM

Trump's DC hotel seen facing new set of legal challenges

A US agency ruling affirming US President Donald Trump's right to operate a hotel in...
PUBLISHED Apr 14, 2017 05:50 AM

BANKING & FINANCE

Trump wants to revive US Export-Import Bank

PRESIDENT Donald Trump plans to revive the hobbled Export-Import Bank of the United...
PUBLISHED Apr 14, 2017 05:50 AM

Berkshire cuts Wells Fargo stake to under 10%

WARREN Buffett's Berkshire Hathaway Inc is cutting its stake in Wells Fargo & Co...
PUBLISHED Apr 14, 2017 05:50 AM

Witch-hunt of Barclays whistleblower tests mettle of new UK regime

BARCLAYS chief executive Jes Staley's attempts to unmask a whistleblower will be a...
PUBLISHED Apr 14, 2017 05:50 AM

ENERGY & COMMODITIES

SunEdison sells US$1b of assets following bankruptcy

THE spectacular failure of what was once the world's biggest renewable-energy...
PUBLISHED Apr 14, 2017 05:50 AM

China orders miners, utilities to sign more long-term coal deals to ease price woes

CHINA'S embattled power companies may receive a long sought after reprieve from...
PUBLISHED Apr 14, 2017 05:50 AM

New US pipelines help drive natural gas boom

US energy firms are scrambling to finish a slew of pipelines that will unleash rich...
PUBLISHED Apr 14, 2017 05:50 AM

Australia plans to let companies bargain collectively for power

AUSTRALIA'S antitrust regulator said it plans to let two dozen companies in the...
PUBLISHED Apr 14, 2017 05:50 AM

TECHNOLOGY

COMMENTARY

What Google, Facebook must do about one of their biggest problems

GOOGLE could lose as much as US$750 million because of a boycott by advertisers,...
PUBLISHED Apr 14, 2017 05:50 AM

Samsung's S8 pre-orders 'better than expected'

PRE-ORDERS for Samsung Electronics Co Ltd's flagship Galaxy S8 smartphone have...
PUBLISHED Apr 14, 2017 05:50 AM

Apple hires secret team to develop sensors to treat diabetes: report

APPLE Inc has hired a team of biomedical engineers as part of a secret initiative,...
PUBLISHED Apr 14, 2017 05:50 AM

US scientists track fish migration using DNA in water samples

A SIMPLE analysis of fish DNA in water drawn from two New York rivers successfully...
PUBLISHED Apr 14, 2017 05:50 AM

CONSUMER

Western Digital takes issue with Toshiba's sale of chip unit

WESTERN Digital Corp, a joint venture partner with Toshiba Corp in its memory chip...
PUBLISHED Apr 14, 2017 05:50 AM

Prada reports lowest profit since IPO

PRADA SpA has reported the lowest full-year profit since its 2011 initial public offering...
PUBLISHED Apr 14, 2017 05:50 AM

Jews' Passover paraphernalia range from witty to weird

LATELY, Passover, the commemoration of the Jews' liberation from slavery in Egypt,...
PUBLISHED Apr 14, 2017 05:50 AM

Burger King's 'OK, Google' ad doesn't seem to be OK with Google

GOOGLE appeared to stymie a marketing stunt on Wednesday by Burger King, which had...
PUBLISHED Apr 14, 2017 05:50 AM

TRANSPORT

Aviation poised for 'third revolution'

THE aerospace industry is on the brink of a "third revolution", and Airbus boss...
PUBLISHED Apr 14, 2017 05:50 AM

Tesla's Musk tells unhappy shareholders to buy Ford stock

A GROUP of Tesla Inc investors has urged the luxury electric car maker to add two new...
PUBLISHED Apr 14, 2017 05:50 AM

Self-driving 'arms race' complicates supplier tie-ups

THE race to develop and exploit autonomous vehicle technology is reshaping the hierarchy...
PUBLISHED Apr 14, 2017 05:50 AM

Mercedes undecided on US diesel vehicles

DAIMLER AG's Mercedes-Benz USA chief said the German carmaker has not decided...
PUBLISHED Apr 14, 2017 05:50 AM

Delta Air tops profit estimate, may cut orders

DELTA Air Lines Inc reported a better-than-expected quarterly profit on Wednesday and...
PUBLISHED Apr 14, 2017 05:50 AM

Qantas probed after mid-flight incident injures 15

FIFTEEN passengers were hurt after a Qantas plane's alert system warned of an...
PUBLISHED Apr 14, 2017 05:50 AM

Airline overbooking can be a win-win practice

THE video footage of United Airlines passenger David Dao being forcefully evicted from...
PUBLISHED Apr 14, 2017 05:50 AM

GOVERNMENT & ECONOMY

China avoids US manipulator tag, but not off the hook on trade

US President Donald Trump may have decided not to declare China a currency manipulator,...
PUBLISHED Apr 14, 2017 05:50 AM

OECD endorses Japan's monetary easing, urges minimum wage hike

THE Bank of Japan should maintain quantitative easing until inflation exceeds its price...
PUBLISHED Apr 14, 2017 05:50 AM

Global sovereign fund assets stall at US$6.59 trillion

SOVEREIGN wealth fund (SWF) assets all but stalled at US$6.59 trillion in the year to...
PUBLISHED Apr 14, 2017 05:50 AM

UK eyes Wall Street access in post-Brexit trade deal with US

THE UK is eyeing a deal with the US to give London-based banks free access to Wall Street...
PUBLISHED Apr 14, 2017 05:50 AM

Brexit will worsen UK's natural gas problem

RELYING on natural gas to fuel Europe's second largest economy was never going to be...
PUBLISHED Apr 14, 2017 05:50 AM

Trump hints that he's open to keeping Yellen as chair of Federal Reserve

PRESIDENT Donald Trump has hinted for the first time that he's open to keeping Janet...
PUBLISHED Apr 14, 2017 05:50 AM

Bank Negara said to mull enforcing cap on foreign insurer ownership

MALAYSIA is weighing tougher enforcement of a cap on foreign ownership of insurers as it...
PUBLISHED Apr 14, 2017 05:50 AM

China, South Korea urge calm as North Korea prepares big celebration

SOUTH Korea said on Thursday it believed it would be consulted by the United States...
PUBLISHED Apr 14, 2017 05:50 AM

S Korea freezes rates, raises economic outlook

SOUTH Korea's central bank raised its growth outlook for this year and kept interest...
PUBLISHED Apr 14, 2017 05:50 AM

Suspect in Borussia Dortmund bus attack cleared

GERMAN federal prosecutors said on Thursday they had cleared the sole suspect in custody...
PUBLISHED Apr 14, 2017 05:50 AM

Australia jobs up, jobless rate steady in March

AUSTRALIA'S jobless rate steadied at 5.9 per cent in March as employment surged the...
PUBLISHED Apr 14, 2017 05:50 AM

Where China's sick and aged go to seek a cure

HIS legs numb from a stroke, his head throbbing with pain, Wu Weiying came to the jagged...
PUBLISHED Apr 14, 2017 05:50 AM
THE BOTTOM LINE

Americans' view of taxes not as one-sided as believed

AS Tax Day - April 18 this year - approaches, we are confronted once again with the...
PUBLISHED Apr 14, 2017 05:50 AM

US-Japan war games near N Korea far from amusing

WAR games cease to be amusing once the "games" become real-life situations, and...
PUBLISHED Apr 14, 2017 05:50 AM

DINING OUT

Flavour of the month

EXPECTATIONS. Can't live up to them, can't live without them, either. After a...
PUBLISHED Apr 14, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

AGM bunching: Don't fight it, just step around it

APRIL is the time of the year when complaints about the bunching of annual general...
PUBLISHED Apr 14, 2017 05:50 AM

Trump on Syria and China: Pragmatic or just fickle?

ESTABLISHED in 1940 by prominent American public figures, the America First Committee (...
PUBLISHED Apr 14, 2017 05:50 AM
THE BOTTOM LINE

Americans' view of taxes not as one-sided as believed

AS Tax Day - April 18 this year - approaches, we are confronted once again with the...
PUBLISHED Apr 14, 2017 05:50 AM
EDITORIAL

Singapore stock market needs more innovation, less emulation

Participants in the Singapore stock market may be forgiven for wondering if they have...
PUBLISHED Apr 14, 2017 05:50 AM

US-Japan war games near N Korea far from amusing

WAR games cease to be amusing once the "games" become real-life situations, and...
PUBLISHED Apr 14, 2017 05:50 AM

Everyone - ordinary citizens, schools, businesses - needs to help curb rise of fake news

THE 2016 US elections brought to light how "fake news" can possibly impact...
PUBLISHED Apr 14, 2017 05:50 AM

Pence could reinforce his influence during Asia-Pacific tour

US Vice-president Mike Pence begins a more than week-long tour of the Asia-Pacific and...
PUBLISHED Apr 14, 2017 05:50 AM

Airline overbooking can be a win-win practice

THE video footage of United Airlines passenger David Dao being forcefully evicted from...
PUBLISHED Apr 14, 2017 05:50 AM

Lifestyle

Flavour of the month

EXPECTATIONS. Can't live up to them, can't live without them, either. After a...
PUBLISHED Apr 14, 2017 05:50 AM

No two wines are the same, so try all

WHERE? When? What? Who? How? Why? Question ad infinitum.
PUBLISHED Apr 14, 2017 05:50 AM

Global Wellness banks on beauty offerings

INVESTMENT group Global Wellness Holdings (GWH) is investing in a big way in Singapore...
PUBLISHED Apr 14, 2017 05:50 AM

A gentle, ambling charmer of a fable with a big heart

POP Aye by Kirsten Tan isn't only the first-ever Singapore movie selected to compete...
PUBLISHED Apr 14, 2017 05:50 AM

Mammoth task for Pop Aye's sound editor

THE biggest star (literally) in director Kirsten Tan's debut feature Pop Aye is the...
PUBLISHED Apr 14, 2017 05:50 AM

Gearing up for Record Store Day

THE annual Record Store Day takes place next Saturday but music fans can start getting...
PUBLISHED Apr 14, 2017 05:50 AM

Entertainment-driven formula delivers again

THE testosterone fest known as The Fast and the Furious returns in Fast & Furious 8,...
PUBLISHED Apr 14, 2017 05:50 AM

Ancient perspectives on the universe

THE latest exhibition at the ArtScience Museum is a portal to the universe - through the...
PUBLISHED Apr 14, 2017 05:50 AM

Lao Jiu: a superb S'pore musical

EMOTIVE songs, effective choreography, and a moving story with a classic struggle - The...
PUBLISHED Apr 14, 2017 05:50 AM

Hope is painful, but powerful

EVER met a woman called Hope who couldn't stop talking about her worries? That'...
PUBLISHED Apr 14, 2017 05:50 AM

Recalling a forgotten kingdom in Venice Biennale

AFTER 18 years criss-crossing South-east Asia, Zai Kuning's artistic journey is now...
PUBLISHED Apr 14, 2017 05:50 AM

Guitar hero

CLASSICAL guitarist and ChildAid alumnus Kevin Loh is one of the most decorated young...
PUBLISHED Apr 14, 2017 05:50 AM

The demons arising from grief

DIRECTOR Guy Unsworth believes the upcoming play Hand to God has something his Singapore...
PUBLISHED Apr 14, 2017 05:50 AM

Life from different angles

IN 2015, Amrita Chandradas made a trip to Sri Lanka for a month-and-a-half-long personal...
PUBLISHED Apr 14, 2017 05:50 AM
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