Thursday, Apr 20, 2017

TOP STORIES

Debate over stock tick size splits stakeholders

THE Singapore Exchange (SGX) proposal to widen the tick for certain stocks has sparked a...
PUBLISHED Apr 20, 2017 05:50 AM

Jakarta governor Ahok loses re-election bid

IN most large rambling democracies, politics tend to be local. But in Indonesia and...
PUBLISHED Apr 20, 2017 05:50 AM
MEMORIAL FOR OTHMAN WOK

Commitment to multiracialism a 'golden thread' in Othman Wok's life: PM Lee

THE late former Cabinet minister Othman Wok led a "full and illustrious life",...
PUBLISHED Apr 20, 2017 05:50 AM

Q1 pick-up in supercar, ultra luxe limo sales

THE economic gloom has yet to lift, but sales of super high-end cars are picking up and...
PUBLISHED Apr 20, 2017 05:50 AM

Google to help train 1,000 SME business leaders

GOOGLE on Wednesday announced plans to work with global training providers to train 1,000...
PUBLISHED Apr 20, 2017 05:50 AM

S'pore retains 10th spot in FDI Confidence Index

BETTER economic outlook led to investors retaining Singapore at the 10th spot on the 2017...
PUBLISHED Apr 20, 2017 05:50 AM

City Harvest case: Sharon Tan to start jail term earlier

FORMER City Harvest Church (CHC) finance manager Sharon Tan, one of the six convicted for...
PUBLISHED Apr 20, 2017 05:50 AM

How well are you being served?

Singaporeans among the least patient with poor customer service. They and Mexicans lead...
PUBLISHED Apr 20, 2017 05:50 AM

SBS Transit lands Seletar bus package with S$480.33m bid

SBS TRANSIT was awarded the Seletar bus package with the lowest bid of S$480.33 million,...
PUBLISHED Apr 20, 2017 05:50 AM

Markets taking a 'benign view' of global downside risks: IMF

AS GLOBAL economic activity accelerates, markets may be taking too "benign" a...
PUBLISHED Apr 20, 2017 05:50 AM

China's Ant Financial buys helloPay

ANT Financial, the payment affiliate of Alibaba Group Holding Ltd, has acquired Singapore...
PUBLISHED Apr 20, 2017 05:50 AM
COMMENTARY

Britain's corporate bosses will soon know what Brexit really means

APPLE INC'S CEO, Tim Cook, has said that he's "very optimistic" about...
PUBLISHED Apr 20, 2017 05:50 AM

COMPANIES & MARKETS

EGM WATCH

Healthway shareholders should study outlined scenarios

SHAREHOLDERS of Healthway Medical Corporation (HMC) heading to its extraordinary general...
PUBLISHED Apr 20, 2017 05:50 AM

Jachin Capital to offer robo investment portfolios to a wider audience

ROBO or digital investing may soon gain traction - at least among wealthy investors.
PUBLISHED Apr 20, 2017 05:50 AM
HOCK LOCK SIEW

China bonanza for four property companies

FOUR Singapore property stocks recently ran up year highs. A coincidence? Hardly. They...
PUBLISHED Apr 20, 2017 05:50 AM

China Aviation Oil's Q1 earnings up 4.72%

MAINBOARD-LISTED China Aviation Oil (Singapore) (CAO) on Wednesday posted a 4.72 per cent...
PUBLISHED Apr 20, 2017 05:50 AM

South Korea's ING Life banking on high dividends to help sell US$1.2b IPO

PRIVATE equity-owned ING Life Insurance Korea is banking on its hefty dividend payouts to...
PUBLISHED Apr 20, 2017 05:50 AM

Banks, clients tussle over what it will cost to gain access to market research

JUST months before banks stop giving trading clients market research for free, they are...
PUBLISHED Apr 20, 2017 05:50 AM

Corporate digest

SINGAPORE Technologies (ST) Electronics has won a contract with a Sri Lankan government...
PUBLISHED Apr 20, 2017 05:50 AM

Keppel Reit posts 13.7% drop in Q1 DPU

OFFICE landlord Keppel Reit posted a 13.7 per cent drop in distribution per unit (DPU) to...
PUBLISHED Apr 20, 2017 05:50 AM

CCT's DPU up as CapitaGreen boosts Q1 performance

ATTAINING full ownership of CapitaGreen, an office tower along Singapore's Market...
PUBLISHED Apr 20, 2017 05:50 AM

Heineken bucks expectations with increase in Q1 beer volumes

HEINEKEN NV, the world's second largest brewer, unexpectedly increased volumes in...
PUBLISHED Apr 20, 2017 05:50 AM

Samsung heir's trial zeroes in on 5-minute chat with ex-president

SOUTH Korean prosecutors pursuing bribery charges against Samsung heir Jay Y Lee zeroed...
PUBLISHED Apr 20, 2017 05:50 AM
STOCKS

STI falls on UK poll move, Wall St loss

A CONFLUENCE of factors, chiefly British Prime Minister Theresa May's surprise...
PUBLISHED Apr 20, 2017 05:50 AM

Brokers' take

We expect H1 2017 to be weak as Keppel Telecommunications & Transportation undergoes...
PUBLISHED Apr 20, 2017 05:50 AM
CURRENCIES

Euro propped up by weak dollar, sterling near 6-month high

THE euro steadied on Wednesday near a three-week high against a dollar kept weak by lower...
PUBLISHED Apr 20, 2017 05:50 AM

REAL ESTATE

HOCK LOCK SIEW

China bonanza for four property companies

FOUR Singapore property stocks recently ran up year highs. A coincidence? Hardly. They...
PUBLISHED Apr 20, 2017 05:50 AM

Keppel Reit posts 13.7% drop in Q1 DPU

OFFICE landlord Keppel Reit posted a 13.7 per cent drop in distribution per unit (DPU) to...
PUBLISHED Apr 20, 2017 05:50 AM

CCT's DPU up as CapitaGreen boosts Q1 performance

ATTAINING full ownership of CapitaGreen, an office tower along Singapore's Market...
PUBLISHED Apr 20, 2017 05:50 AM

Chapel which survived Sept 11 attacks may be killed off by rent hike

IN the stench and smoulder that followed the Sept 11 attacks, emergency workers ripped...
PUBLISHED Apr 20, 2017 05:50 AM

Malaysia developers tackle slump with job freezes, benefit cuts

FOUR out of 10 builders in Malaysia froze recruitment while one in three opted to reduce...
PUBLISHED Apr 20, 2017 05:50 AM

At Manhattan Tower, debt payments and losses increase

LOSSES widened at the Manhattan office tower co-owned by the family of Jared Kushner,...
PUBLISHED Apr 20, 2017 05:50 AM

Home prices surge in drum-tight Toronto

TORONTO'S home prices capped a record quarter of gains in March amid concern that...
PUBLISHED Apr 20, 2017 05:50 AM

Property destocking in China's smaller cities to persist, says senior economic planner

CLEARANCE of the housing overhang in many of China's smaller cities is likely to...
PUBLISHED Apr 20, 2017 05:50 AM

Putin pins housing hopes on mortgage factory

VLADIMIR Putin is taking a page from the US housing market to boost home ownership. Call...
PUBLISHED Apr 20, 2017 05:50 AM

BANKING & FINANCE

China's shadow bank lending rises to record in Q1

CHINA'S shadow banking is back in full swing, an unintended side effect of the...
PUBLISHED Apr 20, 2017 05:50 AM

Revolt over Credit Suisse payouts rumbles on even after concessions

CREDIT Suisse has failed to completely quash a shareholder revolt over payouts to the...
PUBLISHED Apr 20, 2017 05:50 AM

Siam Commercial in exclusive talks with FWD for US$3b insurance deal: sources

SIAM Commercial Bank (SCB) has entered into exclusive talks with Hong Kong insurer FWD...
PUBLISHED Apr 20, 2017 05:50 AM

ENERGY & COMMODITIES

Europe's coal power vanishing fast as cost of switch to green energy dives

THE long goodbye for coal in Europe is accelerating as the cost of shifting to green...
PUBLISHED Apr 20, 2017 05:50 AM

Australia's LNG exports face review amid gas crisis at home

AUSTRALIA'S competition regulator said the possible sale of liquefied natural gas (...
PUBLISHED Apr 20, 2017 05:50 AM

Oil producers moving closer to rebalancing market: Opec chief

OIL-PRODUCING nations are moving closer towards ending a global glut and rebalancing the...
PUBLISHED Apr 20, 2017 05:50 AM

Wasted green power up in China: Greenpeace

THE amount of electricity wasted by China's solar and wind power sectors rose...
PUBLISHED Apr 20, 2017 05:50 AM

TECHNOLOGY

Apple readies iPhone overhaul for smartphone's 10th anniversary

TEN years after Steve Jobs held up the original iPhone to a gushing San Francisco crowd,...
PUBLISHED Apr 20, 2017 05:50 AM

Facebook pushes to augment reality through smartphones

FACEBOOK on Tuesday launched a mission to make smartphone cameras windows to augmented...
PUBLISHED Apr 20, 2017 05:50 AM

Yahoo earnings beat expectations on cusp of Verizon merger

YAHOO on Tuesday reported quarterly earnings that topped expectations as the pioneering...
PUBLISHED Apr 20, 2017 05:50 AM

IBM posts first revenue miss in five quarters; shares tumble

INTERNATIONAL Business Machines Corp (IBM) reported a bigger-than-expected decline in...
PUBLISHED Apr 20, 2017 05:50 AM

Indian frog excretes mucus that can fight flu: study

A FROG in south India excretes a mucus from its skin that could one day help people fight...
PUBLISHED Apr 20, 2017 05:50 AM
COMMENTARY

Europe's surprising tech success

EUROPE is often viewed as a digital laggard, running far behind the frontier-pushing...
PUBLISHED Apr 20, 2017 05:50 AM

CONSUMER

Burberry hit by US slowdown ahead of executive reshuffle at the firm

BRITISH luxury brand Burberry on Wednesday reported a slowdown in quarterly sales growth...
PUBLISHED Apr 20, 2017 05:50 AM

Verizon CEO open to deal talks, from Comcast to Disney

VERIZON Communications is considering merger possibilities to reset the course of the...
PUBLISHED Apr 20, 2017 05:50 AM

Gates backs Big Pharma push to wipe out tropical diseases

THE Bill and Melinda Gates Foundation, Western countries and drug companies pledged fresh...
PUBLISHED Apr 20, 2017 05:50 AM

British firms to expand ad budgets despite Brexit: survey

BRITISH companies plan to increase their spending on advertising this year as they expect...
PUBLISHED Apr 20, 2017 05:50 AM

Japan government fund and bank mull over bid with Broadcom for Toshiba unit

A JAPANESE government-backed fund and policy bank are considering a joint bid with...
PUBLISHED Apr 20, 2017 05:50 AM

TRANSPORT

China carmakers may be hit if foreign caps lifted

CHINESE state-owned car giants such as SAIC Motor Corp and Dongfeng Motor Group Co may...
PUBLISHED Apr 20, 2017 05:50 AM

Malaysia Air to use new flight tracker

MALAYSIA Airlines, which lost a wide-body jet with 239 people aboard three years ago in...
PUBLISHED Apr 20, 2017 05:50 AM

Uptick in complaints over US air passenger removal

ONE of the most jarring experiences of Nazia Ali's life began at the end of a dream...
PUBLISHED Apr 20, 2017 05:50 AM

GOVERNMENT & ECONOMY

UK parliament votes in favour of early national election

PRIME Minister Theresa May called on parliament to back her demand for an early election...
PUBLISHED Apr 20, 2017 05:50 AM

China sees higher risk of mass unemployment

CHINA's cabinet said on Wednesday that risks of mass unemployment in some regions...
PUBLISHED Apr 20, 2017 05:50 AM

Unconventional central banking here to stay, says ECB paper

CENTRAL banks around the globe are likely to get even broader mandates in the post-crisis...
PUBLISHED Apr 20, 2017 05:50 AM

French election: pollsters baffled by four-way race

THE four-candidate battle to reach the runoff in France's presidential election is...
PUBLISHED Apr 20, 2017 05:50 AM

Trump seeks headway on 'Buy American, Hire American' pledge

PRESIDENT Donald Trump on Tuesday moved to make good on his emblematic pledge to "...
PUBLISHED Apr 20, 2017 05:50 AM

US working with allies to put pressure on N Korea: Pence

US Vice-President Mike Pence said on Wednesday that Washington would work with its allies...
PUBLISHED Apr 20, 2017 05:50 AM

May's big gamble on Brexit general election

BRITISH Prime Minister Theresa May has announced that she is engineering a snap general...
PUBLISHED Apr 20, 2017 05:50 AM
EDITORIAL

Sustained pick-up needed before cheering upturn

FOR market watchers resigned for a while now to gloomy news in what has been an extended...
PUBLISHED Apr 20, 2017 05:50 AM
LETTER TO THE EDITOR

Turkey should be accorded due recognition

I AM writing in regard to the article "Erdogan's continuing power spells...
PUBLISHED Apr 20, 2017 05:50 AM

LIFE & CULTURE

Lions to face Argentina in Kallang on June 13

THE National Stadium in Kallang will play host to some of the world's most famous...
PUBLISHED Apr 20, 2017 05:50 AM

Ballet dancers get naked (emotionally) in a modern Limón work

"MODERN dance," the choreographer José Limón wrote in 1965, "is not a...
PUBLISHED Apr 20, 2017 05:50 AM

Newest Silicon Valley perk: Paid time off to protest against Trump

SILICON Valley firms have long been known for offering a litany of employee perks: Home-...
PUBLISHED Apr 20, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

China bonanza for four property companies

FOUR Singapore property stocks recently ran up year highs. A coincidence? Hardly. They...
PUBLISHED Apr 20, 2017 05:50 AM

May's big gamble on Brexit general election

BRITISH Prime Minister Theresa May has announced that she is engineering a snap general...
PUBLISHED Apr 20, 2017 05:50 AM
THE BOTTOM LINE

UK leader can make successive surprises successful

THERESA May has thrown caution to the wind and decided she wishes to lead Europe. The...
PUBLISHED Apr 20, 2017 05:50 AM
EDITORIAL

Sustained pick-up needed before cheering upturn

FOR market watchers resigned for a while now to gloomy news in what has been an extended...
PUBLISHED Apr 20, 2017 05:50 AM

Culture and corporate governance

AS another review of the Code of Corporate Governance is in progress, it is worth...
PUBLISHED Apr 20, 2017 05:50 AM
COMMENTARY

Europe's surprising tech success

EUROPE is often viewed as a digital laggard, running far behind the frontier-pushing...
PUBLISHED Apr 20, 2017 05:50 AM
LETTER TO THE EDITOR

Turkey should be accorded due recognition

I AM writing in regard to the article "Erdogan's continuing power spells...
PUBLISHED Apr 20, 2017 05:50 AM
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