Tuesday, May 16, 2017

TOP STORIES

WannaCry, variants could escalate as many users yet to apply patches

OVER the past few days, country music star Keith Urban's song Tonight I wanna cry...
PUBLISHED May 16, 2017 05:50 AM

S'pore consortium named master developer for India city

A SINGAPORE consortium was given the master development rights to build the new capital...
PUBLISHED May 16, 2017 05:50 AM
GLOBAL CYBERATTACK

Local organisations must do better in cybersecurity war

LOCAL organisations have a collective responsibility - and can do better - to tackle...
PUBLISHED May 16, 2017 05:50 AM
GLOBAL CYBERATTACK

Big banks would have beefed up their security: IBM official

WHILE organisations are expected to be on high alert over the rapid spread of ransomware...
PUBLISHED May 16, 2017 05:50 AM
GLOBAL CYBERATTACK

SGX says its trading systems well-protected

THE Singapore Exchange (SGX) yesterday reassured investors that its trading system and...
PUBLISHED May 16, 2017 05:50 AM

How ransomware works

Ransomware comes in the form of an e-mail with an attachment or a Web address.
PUBLISHED May 16, 2017 05:50 AM
GLOBAL CYBERATTACK

Greater digitisation 'could increase cybersecurity risk for aviation sector'

THE growing digitisation of the aviation sector may increase the risk of hacking...
PUBLISHED May 16, 2017 05:50 AM

April new home sales more than double year-ago showing: URA

THE turnaround in the residential market continues in the new home segment, with...
PUBLISHED May 16, 2017 05:50 AM

Insurers dragging their feet over new accounting standard: PwC

TIME is running out for insurers here and abroad who have been slow to prepare for the...
PUBLISHED May 16, 2017 05:50 AM

CDL launches sustainability blueprint for its business

ALIGNING with the nation's commitment to the Paris agreement, Climate Action Plan...
PUBLISHED May 16, 2017 05:50 AM

Google's job security, work-life balance top draw for local undergrads

FOR the third straight year, business and commerce students in Singapore's four main...
PUBLISHED May 16, 2017 05:50 AM

Xi Jinping puts forth a vision of globalisation at Beijing summit

CHINESE President Xi Jinping positioned himself as the champion of free trade, and called...
PUBLISHED May 16, 2017 05:50 AM

HK, China firms plan joint bid for S'pore-KL high-speed rail project

THE multibillion-dollar high-speed rail line between Singapore and Malaysia could stand...
PUBLISHED May 16, 2017 05:50 AM

STOCKS

HOT STOCK

Noble shares continue to sink

THERE was no respite for Noble Group's shareholders on Monday...
PUBLISHED May 16, 2017 05:50 AM

SingPost slides to 12-month low after TradeGlobal writedown

SHARES of Singapore Post hit a 12-month low of S$1.29 on Monday as analysts downgraded...
PUBLISHED May 16, 2017 05:50 AM
STOCKS

STI gets surprise boost from Genting

TRADERS have become accustomed to the banks driving the Straits Times Index (STI) so it...
PUBLISHED May 16, 2017 05:50 AM

Brokers' take

WE raise FY17-19 forecast core earnings per share forecasts by 33.5-42.2 per cent as we...
PUBLISHED May 16, 2017 05:50 AM
CURRENCIES

Oil bounce drives up Canadian, Aussie dollars

THE Canadian dollar hit its highest level in over two weeks and the Australian dollar hit...
PUBLISHED May 16, 2017 05:50 AM

COMPANIES & MARKETS

Olam's Q1 earnings up 26.5% at S$143.8m

COMMODITY trader Olam International reported a 26.5 per cent jump in first-quarter net...
PUBLISHED May 16, 2017 05:50 AM

Golden Energy's coal mining division boosts Q1 profit

INDONESIAN coal mining group Golden Energy and Resources (GEAR) reported a sharp jump in...
PUBLISHED May 16, 2017 05:50 AM

CNMC Q1 profit down 99% on lower ore grades

CNMC Goldmine Holdings, which in April warned of a substantially smaller first-quarter...
PUBLISHED May 16, 2017 05:50 AM

Injunction hearing on Rickmers' proposed US$113m asset sale adjourned

SINGAPORE'S High Court on Monday adjourned for a week the hearing of an injunction...
PUBLISHED May 16, 2017 05:50 AM

GoldenAgri hit by absence of forex gain

GOLDEN Agri-Resources (GAR) has reported a slump in first-quarter earnings despite higher...
PUBLISHED May 16, 2017 05:50 AM
HOT STOCK

Noble shares continue to sink

THERE was no respite for Noble Group's shareholders on Monday...
PUBLISHED May 16, 2017 05:50 AM

SingPost slides to 12-month low after TradeGlobal writedown

SHARES of Singapore Post hit a 12-month low of S$1.29 on Monday as analysts downgraded...
PUBLISHED May 16, 2017 05:50 AM
HOCK LOCK SIEW

SMRT should consider farming out retail space ops

A COUPLE of months ago, CapitaLand bagged a contract to manage the retail component of...
PUBLISHED May 16, 2017 05:50 AM

Croesus available DPU for Q3 up 15.2%

CROESUS Retail Trust's third-quarter available distribution per unit rose 15.2 per...
PUBLISHED May 16, 2017 05:50 AM

Spackman achieves Q1 profit on revenue from Master

SPACKMAN Entertainment Group swung into a first-quarter net profit of US$4.8 million as...
PUBLISHED May 16, 2017 05:50 AM

Starhill Global Reit divests 4th property in Tokyo

STARHILL Global Reit (SGReit) has divested Harajuku Secondo Property in Tokyo for 410.2...
PUBLISHED May 16, 2017 05:50 AM

SPH officially migrates to G Suite

SINGAPORE Press Holdings (SPH) officially launched its move to Google's G Suite on...
PUBLISHED May 16, 2017 05:50 AM

Corporate digest

STRAITS Trading Company Limited's earnings slipped 2.7 per cent in the first quarter...
PUBLISHED May 16, 2017 05:50 AM
STOCKS

STI gets surprise boost from Genting

TRADERS have become accustomed to the banks driving the Straits Times Index (STI) so it...
PUBLISHED May 16, 2017 05:50 AM

Brokers' take

WE raise FY17-19 forecast core earnings per share forecasts by 33.5-42.2 per cent as we...
PUBLISHED May 16, 2017 05:50 AM
CURRENCIES

Oil bounce drives up Canadian, Aussie dollars

THE Canadian dollar hit its highest level in over two weeks and the Australian dollar hit...
PUBLISHED May 16, 2017 05:50 AM

UBS launches new anti-money laundering programme

UBS and the Wealth Management Institute (WMI) yesterday announced the launch of a new...
PUBLISHED May 16, 2017 05:50 AM

Expanding beyond Singapore

THERE has been a clarion call for more Singapore businesses to internationalise,...
PUBLISHED May 16, 2017 05:50 AM

REAL ESTATE

Croesus available DPU for Q3 up 15.2%

CROESUS Retail Trust's third-quarter available distribution per unit rose 15.2 per...
PUBLISHED May 16, 2017 05:50 AM

Starhill Global Reit divests 4th property in Tokyo

STARHILL Global Reit (SGReit) has divested Harajuku Secondo Property in Tokyo for 410.2...
PUBLISHED May 16, 2017 05:50 AM

Perennial sees Light in northern Malaysian state of Penang

IN AN RM4.5 billion (S$1.45 billion) integrated waterfront development in Penang called...
PUBLISHED May 16, 2017 05:50 AM

China real estate investment up in April despite curbs

REAL estate investment in China rose in April from March although sales growth was...
PUBLISHED May 16, 2017 05:50 AM

US homeowners are now staying put longer

FOR much of last year, Greg Rubin was looking to buy a bigger house. He has been in the...
PUBLISHED May 16, 2017 05:50 AM

Kushner real estate project still seeking first Chinese investor

A REAL ESTATE project linked to US presidential adviser Jared Kushner's family hasn...
PUBLISHED May 16, 2017 05:50 AM

BANKING & FINANCE

Chinese money setting sail for Caribbean with new bank

THE global campaign against money laundering combined with the Panama Papers made the...
PUBLISHED May 16, 2017 05:50 AM

Luxembourg lurks in the dark as regulators light up shadow banking

LUXEMBOURG, the home of European Commission President Jean-Claude Juncker and of the...
PUBLISHED May 16, 2017 05:50 AM

Brazilian banks turn up heat on scandal-hit Odebrecht

BANKS are raising the heat on Brazilian conglomerate Odebrecht SA to put its house in...
PUBLISHED May 16, 2017 05:50 AM

UBS launches new anti-money laundering programme

UBS and the Wealth Management Institute (WMI) yesterday announced the launch of a new...
PUBLISHED May 16, 2017 05:50 AM

ENERGY & COMMODITIES

Olam's Q1 earnings up 26.5% at S$143.8m

COMMODITY trader Olam International reported a 26.5 per cent jump in first-quarter net...
PUBLISHED May 16, 2017 05:50 AM

Golden Energy's coal mining division boosts Q1 profit

INDONESIAN coal mining group Golden Energy and Resources (GEAR) reported a sharp jump in...
PUBLISHED May 16, 2017 05:50 AM

GoldenAgri hit by absence of forex gain

GOLDEN Agri-Resources (GAR) has reported a slump in first-quarter earnings despite higher...
PUBLISHED May 16, 2017 05:50 AM

Riyadh, Moscow agree to extend oil supply cuts till March 2018

SAUDI Arabia and Russia, the world's top two oil producers, agreed on Monday to...
PUBLISHED May 16, 2017 05:50 AM

Australian gas squeeze bolsters Chinese turbine maker's southern push

AUSTRALIA'S soaring natural gas prices are driving up power tariffs on the world...
PUBLISHED May 16, 2017 05:50 AM

TECHNOLOGY

SPH officially migrates to G Suite

SINGAPORE Press Holdings (SPH) officially launched its move to Google's G Suite on...
PUBLISHED May 16, 2017 05:50 AM

Businesses in Asia face disruption from malware

ASIAN governments and businesses reported some disruptions from the WannaCry ransomware...
PUBLISHED May 16, 2017 05:50 AM

Western Digital seeks arbitration in row over Toshiba's chip unit sale

WESTERN Digital Corp has sought international arbitration to stop partner Toshiba Corp...
PUBLISHED May 16, 2017 05:50 AM

Lyft, Waymo launch self-driving vehicle partnership

US ride services company Lyft Inc and Alphabet Inc's self-driving car unit Waymo...
PUBLISHED May 16, 2017 05:50 AM

Use of large-scale surgery database grows in Japan

PROGRESS is being made in using a large-scale database of nearly all surgical procedures...
PUBLISHED May 16, 2017 05:50 AM
THE BOTTOM LINE

Will robots destroy jobs and result in high joblessness?

WE have yet another study that debunks the widespread notion that robots - and other...
PUBLISHED May 16, 2017 05:50 AM

CONSUMER

Japan's ramen chain takes on US foodie scene for overseas growth

TO BRING savoury noodles to locales around the world, the operator of ramen chain Ippudo...
PUBLISHED May 16, 2017 05:50 AM

Wal-Mart pushes to catch up with Amazon in e-commerce

WAL-MART Stores, the retail heavyweight, is running hard to catch up in an increasingly...
PUBLISHED May 16, 2017 05:50 AM

TRANSPORT

Injunction hearing on Rickmers' proposed US$113m asset sale adjourned

SINGAPORE'S High Court on Monday adjourned for a week the hearing of an injunction...
PUBLISHED May 16, 2017 05:50 AM

Three Wharton dealmakers set sights on China trucking industry

IN 2001, three Chinese men all named Richard enrolled in the University of Pennsylvania...
PUBLISHED May 16, 2017 05:50 AM

Maersk may scale down reliance on debt markets in the near future

THE world's biggest container shipping company and Denmark's largest issuer of...
PUBLISHED May 16, 2017 05:50 AM

Cruise ships navigate geopolitics, local competition to tap vast Chinese market

LIU Jing wakes at 7, feeds her 84-year-old mother and two-year-old grandson and then...
PUBLISHED May 16, 2017 05:50 AM

US firms want in on One Belt, One Road spending

AS China plans to build roads, rail lines, ports and airports across Asia, Africa and...
PUBLISHED May 16, 2017 05:50 AM

GOVERNMENT & ECONOMY

China's economy loses steam as policymakers clamp down on debt risks

CHINA'S growth took a step back in April after a surprisingly strong start to the...
PUBLISHED May 16, 2017 05:50 AM

Vietnam-aligned hackers attack foreign firms, FireEye says

CYBERESPIONAGE attacks against foreign companies operating in Vietnam have been traced to...
PUBLISHED May 16, 2017 05:50 AM

How US$74b in bonds bankrupted Puerto Rico

SAN Juan's gleaming commuter train seemed like a coup - the kind of big-ticket item...
PUBLISHED May 16, 2017 05:50 AM

Carney's optimism on UK wage growth challenged by report

BRITONS face a "rockier" labour market in the coming years that's going to...
PUBLISHED May 16, 2017 05:50 AM

A US$1 trillion pain trade in the Treasuries divides top bond dealers

TO APPRECIATE just how important the Federal Reserve has been to the US Treasury,...
PUBLISHED May 16, 2017 05:50 AM

Trump doctrine confounds G-7 as ministers kick can to Sicily

GROUP-OF-SEVEN ministers slowly coming to terms with the reality of Donald Trump's...
PUBLISHED May 16, 2017 05:50 AM

Merkel's hand strengthened by German voters ahead of summits

GERMAN Chancellor Angela Merkel is picking up a tailwind for Germany's election in...
PUBLISHED May 16, 2017 05:50 AM

Austria heads for snap election as coalition shatters

AUSTRIA'S youthful foreign minister took over as leader of the country's main...
PUBLISHED May 16, 2017 05:50 AM

The Twilight Zone aka Trump's Washington

RANKED as one of the best television drama series of all time, The Twilight Zone - which...
PUBLISHED May 16, 2017 05:50 AM
EDITORIAL

Forget Russia, US should focus instead on North Korea

During the US presidential election, there were growing concerns in world capitals that...
PUBLISHED May 16, 2017 05:50 AM

China's high-stakes game poses major challenge to US

IT IS widely recognised that the Trump administration has yet to fill key Asia policy...
PUBLISHED May 16, 2017 05:50 AM

LIFE & CULTURE

Feasting on art at the Venice Biennale

THE Venice Biennale, still the world's most distinguished exhibition of...
PUBLISHED May 16, 2017 05:50 AM

Tibetan medicine lures patients seeking drug-free cures

BEFORE dawn in the Indian Himalayas, scores of patients clutching small vials of urine...
PUBLISHED May 16, 2017 05:50 AM

Guten Gefilte! Jewish delicacies beguile Berlin

BEIGE, boiled and usually packed in a gelatinous goo, gefilte fish is not the sort of...
PUBLISHED May 16, 2017 05:50 AM

SME

Keeping things clean and clear at Porcelain

WHEN Pauline Ng decided to help her mother revamp her defunct home facial treatment...
PUBLISHED May 16, 2017 05:50 AM

How to sell stuff to the millennial customer

WHY are millennials getting so much attention these days? The obvious answer is that this...
PUBLISHED May 16, 2017 05:50 AM

Expanding beyond Singapore

THERE has been a clarion call for more Singapore businesses to internationalise,...
PUBLISHED May 16, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

SMRT should consider farming out retail space ops

A COUPLE of months ago, CapitaLand bagged a contract to manage the retail component of...
PUBLISHED May 16, 2017 05:50 AM

The Twilight Zone aka Trump's Washington

RANKED as one of the best television drama series of all time, The Twilight Zone - which...
PUBLISHED May 16, 2017 05:50 AM
EDITORIAL

Forget Russia, US should focus instead on North Korea

During the US presidential election, there were growing concerns in world capitals that...
PUBLISHED May 16, 2017 05:50 AM
THE BOTTOM LINE

Will robots destroy jobs and result in high joblessness?

WE have yet another study that debunks the widespread notion that robots - and other...
PUBLISHED May 16, 2017 05:50 AM

China's high-stakes game poses major challenge to US

IT IS widely recognised that the Trump administration has yet to fill key Asia policy...
PUBLISHED May 16, 2017 05:50 AM

Rules of capitalism are being re-written by the cloud

THE digital economy has already surpassed the size of the oil economy, and the World...
PUBLISHED May 16, 2017 05:50 AM
LETTER TO THE EDITOR

All Industry Transformation Maps have tangible indicators and targets

WE refer to The Business Times editorial, "ITM programme needs to improve...
PUBLISHED May 16, 2017 05:50 AM
LETTER TO THE EDITOR

Dual-class shares: Commercial viability shouldn't be equated with corporate governance

I REFER to the BT article, The war of the dual-class shares rages on in Singapore, by...
PUBLISHED May 16, 2017 05:50 AM
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