Friday, May 19, 2017

TOP STORIES

China group beats forecasts with record S$1b bid for GLS site

A LARGE residential plot at Stirling Road launched by the government drew a record price...
PUBLISHED May 19, 2017 05:50 AM

White House woes fuel Trump dump, but fundamentals sound

INVESTORS in Asia dumped stocks and the US dollar on Thursday as mounting pressure on US...
PUBLISHED May 19, 2017 05:50 AM

Red hot Chile pleasures, exotica in BT Weekend

RED hot Chile pleasures are on the menu in the Weekend magazine as we visit the South...
PUBLISHED May 19, 2017 05:50 AM

SIA Cargo provision drags group into the red with S$138m Q4 loss

SINGAPORE Airlines (SIA) surprised with a fourth-quarter loss, as the bottom line was...
PUBLISHED May 19, 2017 05:50 AM

Commodity trading sector resilient despite challenges: Iswaran

SINGAPORE'S commodity trading sector has remained resilient despite a challenging...
PUBLISHED May 19, 2017 05:50 AM

Protectionism on the rise in Malaysia's O&G sector

LIFE is not getting any easier for Singapore-based oilfield-services providers seeking...
PUBLISHED May 19, 2017 05:50 AM

Malcolm Turnbull to deliver keynote at Shangri-La Dialogue

AUSTRALIA'S Prime Minister Malcolm Turnbull will deliver the keynote speech at this...
PUBLISHED May 19, 2017 05:50 AM

May commits Tories to hard Brexit stance in manifesto

PRIME Minister Theresa May took a hardline approach to Brexit, promising British voters...
PUBLISHED May 19, 2017 05:50 AM

With tech, S'pore can transcend size: Peter Ho

SINGAPORE may be small but with new technology, it can shape a future that transcends its...
PUBLISHED May 19, 2017 05:50 AM

Japan's economy enjoys longest expansion in 11 years

JAPAN'S economy seems finally to have hit a winning streak after years of stop-go...
PUBLISHED May 19, 2017 05:50 AM

In the corridors of power, fears of a president going out of control abound

ON DAY 118 of the Trump administration, a special counsel was appointed. The word...
PUBLISHED May 19, 2017 05:50 AM

Private equity market 'set to boom in Asia'

THE private equity market is set to boom in Asia as international investors looking for...
PUBLISHED May 19, 2017 05:50 AM

Better tech adoption by SMEs urged to help their businesses

"THE SME landscape is not a uniform one, and each industry has its own unique...
PUBLISHED May 19, 2017 05:50 AM

STOCKS

STOCKS

STI stays resilient in face of Dow sell-off

THE resilience displayed by the Straits Times Index on Wednesday to political upheaval in...
PUBLISHED May 19, 2017 05:50 AM

Brokers' take

SINGTEL released its Q4 FY17 results on Thursday morning. FY17 core earnings formed 98...
PUBLISHED May 19, 2017 05:50 AM
CURRENCIES

US$ extends losses on Trump woes

THE dollar extended losses against the yen and the Swiss franc on Thursday as investors...
PUBLISHED May 19, 2017 05:50 AM

COMPANIES & MARKETS

Singtel's Q4 profit grows 1.8%, but India business is key drag

SINGAPORE Telecommunications' (Singtel) net profit for the fiscal fourth quarter...
PUBLISHED May 19, 2017 05:50 AM

Embattled Noble faces key financing test after share-price slump

SINGAPORE-LISTED Noble Group faces a key financing test over the next few weeks as it...
PUBLISHED May 19, 2017 05:50 AM

KL looks to boost ETFs amid muted interest

IN a bid to drive growth of Exchange-Traded Funds (ETF) in Malaysia and to attract...
PUBLISHED May 19, 2017 05:50 AM

Citic Envirotech JV secures 3b yuan river project

ENVIRONMENTAL engineering firm Citic Envirotech has, through a joint venture, secured a...
PUBLISHED May 19, 2017 05:50 AM

Harvard, Yale, Stanford make big bets on exchange traded funds

THE most active bets among the largest US college endowments in the first quarter were...
PUBLISHED May 19, 2017 05:50 AM

China's offshore stocks notch best performance in a decade

ACROSS the Chinese stock universe, something unusual is happening: international...
PUBLISHED May 19, 2017 05:50 AM
HOCK LOCK SIEW

To ensure CVC success, treat fund managers right

SINGAPORE Press Holdings (SPH) last week announced the sale of its one-third stake in...
PUBLISHED May 19, 2017 05:50 AM

Imperium Crown to raise its acquisition stake in GEM

CATALIST-LISTED Imperium Crown is raising its acquisition stake in Global Entertainment...
PUBLISHED May 19, 2017 05:50 AM

Corporate digest

WEE Hur Holdings' wholly owned subsidiary Wee Hur Construction Pte Ltd has secured a...
PUBLISHED May 19, 2017 05:50 AM
STOCKS

STI stays resilient in face of Dow sell-off

THE resilience displayed by the Straits Times Index on Wednesday to political upheaval in...
PUBLISHED May 19, 2017 05:50 AM

Brokers' take

SINGTEL released its Q4 FY17 results on Thursday morning. FY17 core earnings formed 98...
PUBLISHED May 19, 2017 05:50 AM
CURRENCIES

US$ extends losses on Trump woes

THE dollar extended losses against the yen and the Swiss franc on Thursday as investors...
PUBLISHED May 19, 2017 05:50 AM

REAL ESTATE

HDB launches 8,748 new flats for sale

A TOTAL of 8,748 new HDB flats were launched for sale on Thursday across 25 towns or...
PUBLISHED May 19, 2017 05:50 AM

Surge in China home prices moderates after fresh curbs

CHINA home-price growth eased last month after authorities imposed stricter restrictions...
PUBLISHED May 19, 2017 05:50 AM

Canadian officials preach calm as housing warnings surface

CANADIAN government officials delivered a vote of confidence in the country's...
PUBLISHED May 19, 2017 05:50 AM

Red Rock's Fertitta brothers pay their mum US$120m for casino land

RED Rock Resorts Inc agreed to pay US$120 million to the mother of its controlling...
PUBLISHED May 19, 2017 05:50 AM

Remaking Baltimore's waterfront, with a splash of whiskey

RISING high above the new Sagamore Spirit distillery in South Baltimore is a white water...
PUBLISHED May 19, 2017 05:50 AM

BANKING & FINANCE

China's anti-leverage move distorting bond market

CHINA'S anti-leverage campaign is causing a distortion that hasn't happened in...
PUBLISHED May 19, 2017 05:50 AM

First Indian infrastructure trust makes tepid debut

INDIA'S first infrastructure investment trust posted a lacklustre trading debut on...
PUBLISHED May 19, 2017 05:50 AM

ENERGY & COMMODITIES

Shortage in fracking crew may push oil's biggest bubble to 2018

SHALE explorers pushing to expand oil production are struggling to find enough fracking...
PUBLISHED May 19, 2017 05:50 AM

Mexico, US trade conflict over sugar looms

A LOOMING trade conflict with the US over sugar is threatening to disrupt the livelihood...
PUBLISHED May 19, 2017 05:50 AM

Tata Steel to grow aggressively as UK fog clears

TATA Steel Ltd plans to grow "very aggressively" in India, riding on Prime...
PUBLISHED May 19, 2017 05:50 AM

PetroRabigh IPO offers insights into Saudi Aramco

THE refinery two hours by car north of Mecca is easily overlooked in the Saudi Aramco...
PUBLISHED May 19, 2017 05:50 AM

TECHNOLOGY

Tencent results top estimates after scoring breakout gaming hits

TENCENT Holdings Ltd'sĀ investments in blockbuster video and gaming contentĀ are...
PUBLISHED May 19, 2017 05:50 AM

Jack Ma's Ant Financial eyes more deals in global expansion

ANT Financial, China's largest provider of internet financial services, will...
PUBLISHED May 19, 2017 05:50 AM

Cisco sales forecast dim, cuts more jobs

CISCO Systems Inc, the biggest maker of equipment that runs the internet, gave a...
PUBLISHED May 19, 2017 05:50 AM

Bracing for disruption - How not to become a business dinosaur

AT A recent aviation seminar in Hong Kong, some industry leaders were rather blase about...
PUBLISHED May 19, 2017 05:50 AM

CONSUMER

LT Foods seeks growth in Europe, Mid-East as basmati demand surges

LT FOODS is targeting Europe and the Middle East for expansion after conquering the US...
PUBLISHED May 19, 2017 05:50 AM

SoftBank-backed OneWeb sweetens deal for Intelsat

ONEWEB, the US satellite startup backed by Japan's SoftBank Group Corp, has...
PUBLISHED May 19, 2017 05:50 AM

Generic drug makers seek new ways to do business

SIXTEEN years ago, Glenn Saldanha took over his father's business making copycat...
PUBLISHED May 19, 2017 05:50 AM

Swallowable balloons could help with weight loss without surgery

WEIGHT-LOSS balloons that are swallowed rather than surgically inserted in the stomach...
PUBLISHED May 19, 2017 05:50 AM

Supermarkets pushing fresh food boundaries

IT'S tough to get ahead in the grocery business today. Shoppers are disloyal,...
PUBLISHED May 19, 2017 05:50 AM

TRANSPORT

Ford moves to trim its ranks as its CEO faces test

IT was not long ago that Ford Motor Co was considered the healthiest of the Detroit...
PUBLISHED May 19, 2017 05:50 AM

US to start probes into Boeing dumping claims against Bombardier

US government officials on Thursday are set to begin investigating Boeing Co's...
PUBLISHED May 19, 2017 05:50 AM

Southwest delays jet deliveries due to engine flaw

SOUTHWEST Airlines Co may have sidestepped a scheduling headache by letting other...
PUBLISHED May 19, 2017 05:50 AM

GOVERNMENT & ECONOMY

COMMENTARY

A little Trump bullying may steer global economy from another meltdown

REMEMBER the global economy, the one that nearly collapsed in 2009? Well, it turns out...
PUBLISHED May 19, 2017 05:50 AM

Riyadh seeks economic boost from Trump visit

SAUDI-US ties have never been better. Saudi Arabia will be President Donald Trump's...
PUBLISHED May 19, 2017 05:50 AM

Saudi wealth fund starts defence company to meet military needs

SAUDI Arabia's sovereign wealth fund has set up a defence company to help reduce the...
PUBLISHED May 19, 2017 05:50 AM

Philippine economy powering ahead, drug war no impact

THE Philippine economy has sustained one of the fastest growth rates in Asia, official...
PUBLISHED May 19, 2017 05:50 AM

ECB governors to re-examine easy-money policy in June

EUROPEAN Central Bank governors will take a fresh look at their easy-money policy in June...
PUBLISHED May 19, 2017 05:50 AM

DINING OUT

Cryptic combos with the chimes and codes

BEHIND a name like Steamroom with The Pillar and Stones must be a brilliant concept. We...
PUBLISHED May 19, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

To ensure CVC success, treat fund managers right

SINGAPORE Press Holdings (SPH) last week announced the sale of its one-third stake in...
PUBLISHED May 19, 2017 05:50 AM

Supermarkets pushing fresh food boundaries

IT'S tough to get ahead in the grocery business today. Shoppers are disloyal,...
PUBLISHED May 19, 2017 05:50 AM
EDITORIAL

Dithering over Bandar Malaysia deal sends wrong signals to investors

Malaysia's iconic and large-scale Bandar Malaysia project has all the trappings of...
PUBLISHED May 19, 2017 05:50 AM
THE BOTTOM LINE

Globalisation's ill effects have been wildly exaggerated

GLOBALISATION has gotten a bad rap. The Trump White House associates it with all manner...
PUBLISHED May 19, 2017 05:50 AM

Bracing for disruption - How not to become a business dinosaur

AT A recent aviation seminar in Hong Kong, some industry leaders were rather blase about...
PUBLISHED May 19, 2017 05:50 AM

Trump to reassure anxious allies in first foreign foray

DONALD Trump travels from Washington on Friday, some four months after taking office, for...
PUBLISHED May 19, 2017 05:50 AM

The road to a less car-dependent society

WHAT does a day with reduced car dependency mean for a city? While it might appear...
PUBLISHED May 19, 2017 05:50 AM

Lifestyle

Television on fire

HBO's Bernie Madoff biopic The Wizard of Lies, directed by Barry Levinson and...
PUBLISHED May 19, 2017 05:50 AM

Venice conveys the signs of the times

ZAI Kuning is as much an artist as he is a shaman. At the opening of the Singapore...
PUBLISHED May 19, 2017 05:50 AM

Cryptic combos with the chimes and codes

BEHIND a name like Steamroom with The Pillar and Stones must be a brilliant concept. We...
PUBLISHED May 19, 2017 05:50 AM

Bad wines are bad wines, period!

IF you drink bad wine long enough, will that eventually lead to drinking good wine?
PUBLISHED May 19, 2017 05:50 AM

An escapade that is most exhausting

THERE is no Merlin, no Lancelot, no Guinevere.
PUBLISHED May 19, 2017 05:50 AM

'Dark pop' princess on the rise

A FEW years ago, British singer-songwriter Dua Lipa was just another teenager posting...
PUBLISHED May 19, 2017 05:50 AM

A sad and dreary tale of a fraud's dealings

BY some margin, Bernie Madoff was a major scumbag. The man who perpetrated the largest...
PUBLISHED May 19, 2017 05:50 AM
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