Wednesday, Apr 19, 2017

TOP STORIES

P&G makes US$100m digital innovation move at Singapore centre

CONSUMER goods giant Procter & Gamble (P&G) will be pumping in US$100 million...
PUBLISHED Apr 19, 2017 05:50 AM

British PM calls June 8 election to raise Conservative majority

IN a lightning, unexpected move, British Prime Minister Theresa May on Tuesday called a...
PUBLISHED Apr 19, 2017 05:50 AM

Drone delivery to start on NUS campus by early next year (Amended)

ANYONE visiting the National University of Singapore (NUS) early next year might be...
PUBLISHED Apr 19, 2017 05:50 AM

Skyways

Airbus' Skyways project aims to provide efficient, seamless delivery of small...
PUBLISHED Apr 19, 2017 05:50 AM

A nation bids final farewell to a pioneer

THE skies opened up on Tuesday just as the coffin bearing the late pioneer Cabinet...
PUBLISHED Apr 19, 2017 05:50 AM

MAS, UN unit team up for Asean digital finance with a social mission

THE Monetary Authority of Singapore (MAS) has sealed a partnership with a United Nations...
PUBLISHED Apr 19, 2017 05:50 AM

China Construction Bank expands in S'pore with eye on infrastructure projects

ON THE back of more than US$90 billion in "One Belt, One Road" infrastructure...
PUBLISHED Apr 19, 2017 05:50 AM

Private-hire drivers, home offices could retain protection if insurer collapses

PRIVATE-HIRE car owners who drive for Uber or Grab will be entitled to protection if...
PUBLISHED Apr 19, 2017 05:50 AM

Singapore still No 1 draw for talent among Asia-Pacific countries

SINGAPORE retains its top spot in the Asia-Pacific and second globally for the fourth...
PUBLISHED Apr 19, 2017 05:50 AM

Q1 car registrations surge 12.1%

THE growing supply of certificates of entitlement (COEs) boosted the number of new cars...
PUBLISHED Apr 19, 2017 05:50 AM

Global economy may be turning around from stagnation: IMF

THE global economy seems to be gaining momentum and could be at a point where it is ready...
PUBLISHED Apr 19, 2017 05:50 AM

Tax players worry that KL's tougher tack on dodgers blurs evasion line

MALAYSIA'S taxman has tightened the screws on tax dodgers to not just increase...
PUBLISHED Apr 19, 2017 05:50 AM

COMPANIES & MARKETS

EZRA WOES

Ezra noteholders seek rights issue, cash from escrow

EZRA Holdings' noteholders want the founding Lee family behind the debt-laden listed...
PUBLISHED Apr 19, 2017 05:50 AM
EZRA WOES

Ezra's OSV arm faces winding-up threat

WHEN it rains, it pours. This could be a fitting description of where Ezra group stands...
PUBLISHED Apr 19, 2017 05:50 AM

Gateway's sale of Healthway Medical notes to third parties raises eyebrows

AHEAD of Healthway Medical Corporation's (HMC) extraordinary general meeting (EGM)...
PUBLISHED Apr 19, 2017 05:50 AM

UOB ties up with KrisFlyer to land S$1.5b in deposits

UOB is speeding up the chase for miles in the competitive cards space, and now expects to...
PUBLISHED Apr 19, 2017 05:50 AM
HOCK LOCK SIEW

Time will tell if Trendlines has mastered art of early investing

THIS year, as the Trendlines Group celebrates its 10th anniversary - and second year of...
PUBLISHED Apr 19, 2017 05:50 AM

Keppel T&T's Q1 profit down 13.1%, revenue slips 15.6%

LOWER revenue from both Logistics and Data Centre divisions of Keppel Telecommunications...
PUBLISHED Apr 19, 2017 05:50 AM

Healthcare, semiconductor companies looking attractive this year: RHB

COMPANIES in the healthcare and semiconductor sectors are especially attractive this year...
PUBLISHED Apr 19, 2017 05:50 AM

Keppel signs deal with EDB to build gasification plant on Jurong Island

SINGAPORE is moving ahead with a gasification facility that uses coal and other feedstock...
PUBLISHED Apr 19, 2017 05:50 AM

Aoxin Q&M Dental places 57m shares at S$0.20 each in IPO

AOXIN Q&M Dental Group is offering 57 million placement shares at S$0.20 apiece in...
PUBLISHED Apr 19, 2017 05:50 AM

Nippecraft told to make cash exit offer to shareholders

PAPER products maker Nippecraft has been told to make a cash exit offer to its...
PUBLISHED Apr 19, 2017 05:50 AM

Corporate digest

SINGAPORE Technologies Engineering's electronics arm, ST Electronics, has secured...
PUBLISHED Apr 19, 2017 05:50 AM
STOCKS

STI rebound fades as N Korea concerns return

THE Straits Times Index on Tuesday first rebounded strongly in tandem with an overnight...
PUBLISHED Apr 19, 2017 05:50 AM

Brokers' take

M1 had another weak quarter with total service revenue declining for the eighth...
PUBLISHED Apr 19, 2017 05:50 AM
CURRENCIES

Greenback slips against yen on trade concerns

THE dollar slipped against the yen on Tuesday, pressured by nerves over economic talks...
PUBLISHED Apr 19, 2017 05:50 AM

REAL ESTATE

Phoenix Property Investors puts Peck Seah shophouses on the market for $57.8m

HONG KONG-BASED private equity real estate firm Phoenix Property Investors has put a row...
PUBLISHED Apr 19, 2017 05:50 AM

Indonesia, Vietnam are JLL's industrial picks

EXTOLLING the benefits of investing in industrial properties in South-east Asia, property...
PUBLISHED Apr 19, 2017 05:50 AM

Jurong West site slated for international school

A FORMER secondary school site in Jurong West is open for tender to be repurposed for...
PUBLISHED Apr 19, 2017 05:50 AM

China is home to world's hottest property stocks as investors ignore curbs

THE world's hottest property stocks are to be found in China as tougher measures to...
PUBLISHED Apr 19, 2017 05:50 AM

BANKING & FINANCE

UOB ties up with KrisFlyer to land S$1.5b in deposits

UOB is speeding up the chase for miles in the competitive cards space, and now expects to...
PUBLISHED Apr 19, 2017 05:50 AM

Swiss Re to set up new Asian HQ in Singapore

IN a sign that Asia continues to provide growth stories companies seek, Swiss Re is...
PUBLISHED Apr 19, 2017 05:50 AM

Regulator scrutiny blamed for speeding up bank Brexit

EUROPEAN and UK regulators risk inadvertently hastening the loss of some banking...
PUBLISHED Apr 19, 2017 05:50 AM

Citigroup names Saudi Arabia CEO as it plans return

CITIGROUP Inc appointed Carmen Haddad to rebuild its Saudi Arabian business more than 10...
PUBLISHED Apr 19, 2017 05:50 AM

FGL ditches US$1.6b deal with Anbang

US annuities and life insurer Fidelity & Guaranty Life (FGL) said on Tuesday that it...
PUBLISHED Apr 19, 2017 05:50 AM

ENERGY & COMMODITIES

Keppel signs deal with EDB to build gasification plant on Jurong Island

SINGAPORE is moving ahead with a gasification facility that uses coal and other feedstock...
PUBLISHED Apr 19, 2017 05:50 AM

Rebalancing oil market will take more time: UAE

DRAINING a global oil glut will take more time despite an improvement in oil market...
PUBLISHED Apr 19, 2017 05:50 AM

South32 scraps US$200m acquisition of Australian coal mine from Peabody

SOUTH32 Ltd on Tuesday killed a US$200 million deal to buy Peabody Energy's...
PUBLISHED Apr 19, 2017 05:50 AM

Edison, GE unveil new battery systems at gas plants

A MAJOR California utility and General Electric Co (GE) on Monday unveiled a first-of-its...
PUBLISHED Apr 19, 2017 05:50 AM

BP takes Monroe Energy to court for alleged wrongful termination of contract

BP Plc has accused Monroe Energy of wrongfully terminating a crude supply contract in...
PUBLISHED Apr 19, 2017 05:50 AM

Japan nominates NRA commissioner to take top post at atomic regulator

THE Japanese government on Tuesday said that it has nominated Toyoshi Fuketa, a...
PUBLISHED Apr 19, 2017 05:50 AM

Noble says listing top execs' pay would hurt its standing

NOBLE Group Ltd, the embattled commodity trader that's seeking to find a replacement...
PUBLISHED Apr 19, 2017 05:50 AM

TECHNOLOGY

YouTube is hurting independent media

AT 21, David Pakman started a little Massachusetts community radio talk programme. While...
PUBLISHED Apr 19, 2017 05:50 AM

Silver Lake closes fifth buyout fund at US$15b

OVER the past decade, the investment firm Silver Lake has spearheaded some of the most...
PUBLISHED Apr 19, 2017 05:50 AM

iRobot sues rivals over robot vacuum patents

IROBOT, the maker of the popular Roomba robotic vacuum, brought a string of lawsuits on...
PUBLISHED Apr 19, 2017 05:50 AM

CONSUMER

Germany's VCs hunt for software startups

DESPITE a lack of big consumer deals, and Berlin losing out to London as the European hub...
PUBLISHED Apr 19, 2017 05:50 AM

Walmart seeks bigger online fashion presence through acquisitions

WAL-MART Stores Inc's bid for clothing retailer Bonobos, which surfaced last week,...
PUBLISHED Apr 19, 2017 05:50 AM

China's Bright to sell Weetabix to Post Holdings for US$1.76b

CHINA'S Bright Food Group Co Ltd has agreed to sell iconic British cereal brand...
PUBLISHED Apr 19, 2017 05:50 AM

Vacuum cleaner maker SharkNinja up for sale: sources

SHARKNINJA Operating LLC, the privately held US manufacturer of Ninja blenders and Shark...
PUBLISHED Apr 19, 2017 05:50 AM

Strong subscriber outlook pushes Netflix shares towards all-time high

NETFLIX Inc made a bullish forecast for subscriber additions by mid-year, a positive sign...
PUBLISHED Apr 19, 2017 05:50 AM

TRANSPORT

EZRA WOES

Ezra noteholders seek rights issue, cash from escrow

EZRA Holdings' noteholders want the founding Lee family behind the debt-laden listed...
PUBLISHED Apr 19, 2017 05:50 AM
EZRA WOES

Ezra's OSV arm faces winding-up threat

WHEN it rains, it pours. This could be a fitting description of where Ezra group stands...
PUBLISHED Apr 19, 2017 05:50 AM

UOB ties up with KrisFlyer to land S$1.5b in deposits

UOB is speeding up the chase for miles in the competitive cards space, and now expects to...
PUBLISHED Apr 19, 2017 05:50 AM
STRAIT TALK

Is there a future for the private shipowner?

SOME interesting themes are emerging in the run-up to Singapore Maritime Week (SMW) 2017...
PUBLISHED Apr 19, 2017 05:50 AM

Taxi officials call on Uber to provide tipping in its app

NEW Yorkers have been able to tip a taxi driver by adding a few dollars to their bill...
PUBLISHED Apr 19, 2017 05:50 AM

Boeing to dismiss hundreds of engineers amid sales slowdown

BOEING Co plans to lay off hundreds of engineers in Washington state and other locations...
PUBLISHED Apr 19, 2017 05:50 AM

United Airlines posts earnings that top forecasts, vows to treat customers better

UNITED Continental Holdings Inc's first-quarter earnings on Monday beat analysts...
PUBLISHED Apr 19, 2017 05:50 AM

Russian shipping firm Soufflot holds Venezuela tanker's cargo over unpaid fees

VENEZUELA'S state-run oil company, PDVSA, sent a tanker last October to the...
PUBLISHED Apr 19, 2017 05:50 AM

GOVERNMENT & ECONOMY

LATEST US DATA

Factory output, housing starts tumble in March

US homebuilding fell more than expected in March as the construction of single-family...
PUBLISHED Apr 19, 2017 05:50 AM

US eager to forge bilateral free-trade deal with Japan

THE US and Japan launched their first regular "economic dialogue" in Tokyo on...
PUBLISHED Apr 19, 2017 05:50 AM

US business group urges govt to 'use every arrow' against China

THE United States should "use every arrow" in its quiver to ensure a level...
PUBLISHED Apr 19, 2017 05:50 AM

Beijing to gather friends for biggest summit of the year on its New Silk Road plan

CHINA will gather its friends and allies together for its biggest diplomatic event of the...
PUBLISHED Apr 19, 2017 05:50 AM

Australia toughens foreign worker visa

AUSTRALIA will abolish a temporary work visa popular with foreigners and replace it with...
PUBLISHED Apr 19, 2017 05:50 AM

US trade deal with S Korea falling short: Pence

THE US trade relationship with South Korea is "falling short" with the free...
PUBLISHED Apr 19, 2017 05:50 AM

Labour friction, politics stoke anti-Chinese ire in Indonesia

A BITTERLY fought election to govern Indonesia's capital that has fanned religious...
PUBLISHED Apr 19, 2017 05:50 AM

Suu Kyi needs to show more leadership over Rohingya crisis

IN 2010, a brave lady who had suffered years of incarceration - albeit at her grand home...
PUBLISHED Apr 19, 2017 05:50 AM

Upcoming French election will be most unpredictable in decades

FRANCE goes to the polls on Sunday for the first round of a two-stage election which has...
PUBLISHED Apr 19, 2017 05:50 AM

LIFE & CULTURE

Rise of underdogs on Easter Sunday

COINCIDENCE or not, several rare feats in world sport were achieved on Easter Sunday.
PUBLISHED Apr 19, 2017 05:50 AM

Last orders for Uncle Pan's noodles

FOR three decades, everyone from cops and builders, to street cleaners and partying rich...
PUBLISHED Apr 19, 2017 05:50 AM

Ex-monk, 91, builds his own 'cathedral of faith'

IN February, Justo Gallego dug his own grave, literally, in the crypt of the church he...
PUBLISHED Apr 19, 2017 05:50 AM

Shire marks Haemophilia Day with kids' visit to plant

CHILDREN living with haemophilia had a chance to play "scientists" for a day at...
PUBLISHED Apr 19, 2017 05:50 AM

EXECUTIVE MONEY

Private debt investments garner interest

THE universe of private investible credit or debt is set to grow, and the asset class...
PUBLISHED Apr 19, 2017 05:50 AM

Vanguard is growing faster than everybody else - combined

THE Vanguard trading floor is the epicentre of one of the great financial revolutions of...
PUBLISHED Apr 19, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

Time will tell if Trendlines has mastered art of early investing

THIS year, as the Trendlines Group celebrates its 10th anniversary - and second year of...
PUBLISHED Apr 19, 2017 05:50 AM
STRAIT TALK

Is there a future for the private shipowner?

SOME interesting themes are emerging in the run-up to Singapore Maritime Week (SMW) 2017...
PUBLISHED Apr 19, 2017 05:50 AM

The why, how and what next of digital wallets

IN the most simplistic sense, a digital wallet is a facility to store and transfer money...
PUBLISHED Apr 19, 2017 05:50 AM
EDITORIAL

Najib's appointment of Hishammuddin to new post a bid for political survival

POLITICAL appointments in Malaysia are rarely taken at face value, more so now as the...
PUBLISHED Apr 19, 2017 05:50 AM
THE BOTTOM LINE

Why don't all jobs matter?

US President Donald Trump is still promising to bring back coal jobs. But the underlying...
PUBLISHED Apr 19, 2017 05:50 AM

Suu Kyi needs to show more leadership over Rohingya crisis

IN 2010, a brave lady who had suffered years of incarceration - albeit at her grand home...
PUBLISHED Apr 19, 2017 05:50 AM

Upcoming French election will be most unpredictable in decades

FRANCE goes to the polls on Sunday for the first round of a two-stage election which has...
PUBLISHED Apr 19, 2017 05:50 AM

G-7 right to hold back on sanctions against Russia and Syria

COMMON sense prevailed last Tuesday when G-7 foreign ministers rejected the US and UK-...
PUBLISHED Apr 19, 2017 05:50 AM
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