Friday, Jun 16, 2017

TOP STORIES

Upbeat mood holds sway despite drop in developer sales in May

SINGAPORE developers' private home sales fell by about a third (34.3 per cent)...
PUBLISHED Jun 16, 2017 05:50 AM

Fed raises rates, but there is still plenty of liquidity

ASIAN stocks fell slightly and bond markets continued to be buoyant even as the US...
PUBLISHED Jun 16, 2017 05:50 AM

BT brings you an all-new Weekend magazine

BT Weekend magazine gets a brand-new design and refreshed content starting this week.
PUBLISHED Jun 16, 2017 05:50 AM

PM Lee discloses disquiet over Lee Kuan Yew's last will

PRIME Minister Lee Hsien Loong on Thursday raised serious questions on the way his father...
PUBLISHED Jun 16, 2017 05:50 AM

Dispute not just a family affair, says Lee Wei Ling

LEE Wei Ling on Thursday said she and her brother Lee Hsien Yang would not have issued a...
PUBLISHED Jun 16, 2017 05:50 AM
FED RATE HIKE

SGD bonds rally, key interest rates tumble

LOCAL bonds rallied and key interest rates fell on Thursday as markets shrug off the...
PUBLISHED Jun 16, 2017 05:50 AM

Mueller talks to officials, hinting at inquiry of Trump

ROBERT Mueller, the special counsel examining Russia's meddling in the 2016 American...
PUBLISHED Jun 16, 2017 05:50 AM

Civil servants to get half-month mid-year bonus

CIVIL servants in Singapore will receive a mid-year bonus of half a month's salary...
PUBLISHED Jun 16, 2017 05:50 AM

Private equity deals to be more robust in 2017: EY

ACCORDING to the EY - Private equity briefing: Southeast Asia (April 2017) report, 1Q17...
PUBLISHED Jun 16, 2017 05:50 AM

China stands pat on rates despite Fed action

CHINA'S central bank left interest rates for open market operations unchanged on...
PUBLISHED Jun 16, 2017 05:50 AM

Car park lots in Hong Kong now cost HK$4-5m

YOU may be able to afford a car in Hong Kong, but can you also afford a parking lot for...
PUBLISHED Jun 16, 2017 05:50 AM

Scoot, Tiger merger to be completed by July 25

THE merger between Scoot and Tigerair is slated for completion on July 25, after which...
PUBLISHED Jun 16, 2017 05:50 AM

Eco World International pares losses, aims for RM2.5 billion property sales

RECENTLY listed Eco World International has pared its losses to RM24.8 million (S$8...
PUBLISHED Jun 16, 2017 05:50 AM

Singapore slips to No 7 in global innovation; Switzerland is tops for 7th straight year

SINGAPORE slipped one spot to seventh in this year's global ranking of the world...
PUBLISHED Jun 16, 2017 05:50 AM

May orders inquiry into London tower blaze as death toll rises

UK Prime Minister Theresa May said there will be a "full public inquiry" into a...
PUBLISHED Jun 16, 2017 05:50 AM

Google launches Singapore cloud platform

TECH giant Google on Thursday launched a new cloud computing platform in Singapore that...
PUBLISHED Jun 16, 2017 05:50 AM

STOCKS

STOCKS

STI down 0.7% on weak oil, Trump news

THE local stock market shrugged off Wednesday's all-time high for the Dow Jones...
PUBLISHED Jun 16, 2017 05:50 AM

Brokers' take

ISDN boasts close to 30 years of experience as an integrated engineering solutions...
PUBLISHED Jun 16, 2017 05:50 AM
CURRENCIES

Sterling surges on signs of shift in BOE stance

STERLING surged over a full US cent on Thursday following signs of a shift in the Bank of...
PUBLISHED Jun 16, 2017 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Felda Global caught up in governance storm

MALAYSIAN-listed Felda Global Ventures Holdings (FGV), the world's third-largest oil...
PUBLISHED Jun 16, 2017 05:50 AM
HOT STOCK

World Class Global higher and active in Catalist debut

WORLD Class Global (WCG), a real estate developer whose counter debuted on Catalist on...
PUBLISHED Jun 16, 2017 05:50 AM

Pacific Radiance wins US$45.3m contracts

OFFSHORE support vessel (OSV)-focused Pacific Radiance said, after trading closed on...
PUBLISHED Jun 16, 2017 05:50 AM

Property & construction group TA Corp's fortunes seen turning around this year

PROPERTY and construction group TA Corporation may see a turnaround in its fortunes this...
PUBLISHED Jun 16, 2017 05:50 AM

LEAP gives SMEs quick access to KL capital market

RATHER than relying almost solely on bank financing, small and medium-sized enterprises...
PUBLISHED Jun 16, 2017 05:50 AM

Ascott secures first 3 properties under co-living brand lyf

CAPITALAND's serviced residence unit, The Ascott, said on Thursday it has secured...
PUBLISHED Jun 16, 2017 05:50 AM

Corporate digest

LOCAL premium seafood supply chain manager Oceanus Group announced that it has entered...
PUBLISHED Jun 16, 2017 05:50 AM

Singapore M&A up 10.4% in Q2

AS the second quarter of 2017 draws to a close, the value of announced mergers &...
PUBLISHED Jun 16, 2017 05:50 AM

Falcon Energy seeking deferment of notes redemption to save cash

MAINBOARD-LISTED Falcon Energy Group (FEG) is seeking deferment of its notes principal...
PUBLISHED Jun 16, 2017 05:50 AM

Yongnam wins S$36.2 million worth of contracts

YONGNAM Holdings, a structural steel contractor and specialist civil engineering company...
PUBLISHED Jun 16, 2017 05:50 AM
STOCKS

STI down 0.7% on weak oil, Trump news

THE local stock market shrugged off Wednesday's all-time high for the Dow Jones...
PUBLISHED Jun 16, 2017 05:50 AM

Brokers' take

ISDN boasts close to 30 years of experience as an integrated engineering solutions...
PUBLISHED Jun 16, 2017 05:50 AM
CURRENCIES

Sterling surges on signs of shift in BOE stance

STERLING surged over a full US cent on Thursday following signs of a shift in the Bank of...
PUBLISHED Jun 16, 2017 05:50 AM

REAL ESTATE

Property & construction group TA Corp's fortunes seen turning around this year

PROPERTY and construction group TA Corporation may see a turnaround in its fortunes this...
PUBLISHED Jun 16, 2017 05:50 AM

Ascott secures first 3 properties under co-living brand lyf

CAPITALAND's serviced residence unit, The Ascott, said on Thursday it has secured...
PUBLISHED Jun 16, 2017 05:50 AM

Ascendas-Singbridge joins Firstspace to target India's industrial, logistics sector

ASCENDAS-SINGBRIDGE Group and Indian industrial real estate specialist Firstspace Realty...
PUBLISHED Jun 16, 2017 05:50 AM

US pension giant plans to invest US$1b in Japan real estate

US pension giant TIAA is setting its sights on Japanese real estate, betting Abenomics...
PUBLISHED Jun 16, 2017 05:50 AM

Home buyers face squeeze as Shanghai curbs office-to-flats market

A CRACKDOWN In Shanghai on commercial office projects converted into residential...
PUBLISHED Jun 16, 2017 05:50 AM

BANKING & FINANCE

China-HK ETF link still at discussion stage

EXCHANGE-TRADED fund firms are waiting for the start of a link that would let potentially...
PUBLISHED Jun 16, 2017 05:50 AM

UBS, Credit Suisse need to draft credible insolvency plans: SNB

SWITZERLAND'S central bank on Thursday told the two big Swiss banks, UBS and Credit...
PUBLISHED Jun 16, 2017 05:50 AM

ENERGY & COMMODITIES

China's low-value steelmakers beat high-end peers

POWERED by China's infrastructure push, Chinese construction steel producers are...
PUBLISHED Jun 16, 2017 05:50 AM

Qatar crisis spills into Libya, tangling Glencore in oil dispute

THE Qatar crisis is reverberating in Libya, inflaming political divisions in the war-torn...
PUBLISHED Jun 16, 2017 05:50 AM

Iraq is new oil king, beats Saudis in fastest growing market

IRAQ is gaining the edge over Saudi Arabia in the world's fastest-growing oil...
PUBLISHED Jun 16, 2017 05:50 AM

From Tesla cars to underwear, metal makers seek new markets

THE world's biggest mining companies would like you to put more zinc in your...
PUBLISHED Jun 16, 2017 05:50 AM

TECHNOLOGY

Nokia targets Web giants with fastest routers on market

NOKIA launched the world's fastest network chips on Wednesday, marking a...
PUBLISHED Jun 16, 2017 05:50 AM

Google reaches tax settlement with Indonesian government

ALPHABET Inc's Google Asia-Pacific headquarters has agreed on future tax payments in...
PUBLISHED Jun 16, 2017 05:50 AM

Facebook bots can now negotiate, compromise

FACEBOOK'S artificial intelligence researchers announced on Wednesday they had...
PUBLISHED Jun 16, 2017 05:50 AM

CONSUMER

UFC renews Fox Sports broadcast deal for 3 more years

AMERICAN mixed martial arts (MMA) promoter Ultimate Fighting Championship (UFC) has...
PUBLISHED Jun 16, 2017 05:50 AM

Europe raises 'serious concerns' over Brazil meat after probe

EUROPE says that it has "serious concerns" over supplies of Brazilian meat as...
PUBLISHED Jun 16, 2017 05:50 AM

Bain and KKR said to vie for Japanese govt support in Toshiba chip bids

KKR & Co and Bain Capital LP are vying for support from Japan's government in...
PUBLISHED Jun 16, 2017 05:50 AM

Sony is selling censored movies, and Hollywood is mad

CLEANED-UP versions of movies are causing a ruckus in Hollywood, with filmmakers lashing...
PUBLISHED Jun 16, 2017 05:50 AM

TRANSPORT

Pacific Radiance wins US$45.3m contracts

OFFSHORE support vessel (OSV)-focused Pacific Radiance said, after trading closed on...
PUBLISHED Jun 16, 2017 05:50 AM

Falcon Energy seeking deferment of notes redemption to save cash

MAINBOARD-LISTED Falcon Energy Group (FEG) is seeking deferment of its notes principal...
PUBLISHED Jun 16, 2017 05:50 AM

Carmakers seek to test more self-driving vehicles in the US

CARMAKERS are seeking permission to put more experimental self-driving vehicles on the...
PUBLISHED Jun 16, 2017 05:50 AM

Alibaba's Jack Ma may join US$1.5b Grab fundraising: sources

ALIBABA co-founder Jack Ma may team up with SoftBank Group Corp's Masayoshi Son in a...
PUBLISHED Jun 16, 2017 05:50 AM

Bosch enters electric-scooter fray in Paris as diesel-emissions scandal bites

GERMAN car supplier Robert Bosch is expanding its electric-scooter sharing service to...
PUBLISHED Jun 16, 2017 05:50 AM

It's a good time for air travel this summer, as jet fuel prices stay low

IT'S the best summer for jet setting in more than a decade...
PUBLISHED Jun 16, 2017 05:50 AM

GOVERNMENT & ECONOMY

Bank of England comes closest to voting for rate hike since 2007

THE Bank of England (BOE) shocked financial markets on Thursday, saying that three of its...
PUBLISHED Jun 16, 2017 05:50 AM

Democrats in Congress to sue Trump over foreign business dealings

NEARLY 200 Democratic members of Congress filed a federal lawsuit on Wednesday accusing...
PUBLISHED Jun 16, 2017 05:50 AM

Mnuchin seeks greater scrutiny of Chinese investments in US

THE US Treasury Department wants to include China among a proposed group of hostile...
PUBLISHED Jun 16, 2017 05:50 AM

Hong Kong raises rate following Fed's move, risking housing sell-off

HONG Kong's de facto central bank followed the US Federal Reserve and boosted ...
PUBLISHED Jun 16, 2017 05:50 AM

Australia's economy might be in better shape than GDP suggests

AUSTRALIA's best three months of hiring since 2004 has brought the jobs market into...
PUBLISHED Jun 16, 2017 05:50 AM

Turkey FM in Doha amid diplomatic moves to end crisis

TURKEY'S foreign minister held talks with Qatar's ruler on Wednesday as the...
PUBLISHED Jun 16, 2017 05:50 AM

Japan passes controversial anti-terror law despite protests

JAPAN passed a controversial anti-terror law on Thursday that critics warned would stomp...
PUBLISHED Jun 16, 2017 05:50 AM

Fight to stop Dakota access pipeline revived in US court

THE Dakota Access oil pipeline may already be carrying crude. But the fight to stop it is...
PUBLISHED Jun 16, 2017 05:50 AM

LIFE & CULTURE

UFC renews Fox Sports broadcast deal for 3 more years

AMERICAN mixed martial arts (MMA) promoter Ultimate Fighting Championship (UFC) has...
PUBLISHED Jun 16, 2017 05:50 AM

DINING OUT

Japanese food that does not distract

IF Japanese restaurants had lifespans like race horses, Nadaman in Singapore should have...
PUBLISHED Jun 16, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

Felda Global caught up in governance storm

MALAYSIAN-listed Felda Global Ventures Holdings (FGV), the world's third-largest oil...
PUBLISHED Jun 16, 2017 05:50 AM

Battle for the soul of America's democrats

IT'S the worst of times, it's the best of times for the Democratic Party in the...
PUBLISHED Jun 16, 2017 05:50 AM
EDITORIAL

Easing the entry of robo advisers, with safeguards, is a welcome step

THE Monetary Authority of Singapore is mulling lower entry barriers for firms offering...
PUBLISHED Jun 16, 2017 05:50 AM
THE BOTTOM LINE

Singapore can lead charge to cashless future

ON Nov 8 last year, India's prime minister Narendra Modi shocked many of the 1.3...
PUBLISHED Jun 16, 2017 05:50 AM

Brics pivotal in sustained move towards global income equality

FOREIGN ministers of Brics (Brazil, Russia, India, China, and South Africa) meet on...
PUBLISHED Jun 16, 2017 05:50 AM

Tech investments crucial for supporting expanded roles of CFOs

DESPITE cautious hiring sentiment and stable remuneration policies, 97 per cent of...
PUBLISHED Jun 16, 2017 05:50 AM

Time to migrate 'follow the money' rules to the world of virtual currency

ON Friday, May 12, the world paused and drew breath as cybercriminals launched...
PUBLISHED Jun 16, 2017 05:50 AM

Lifestyle

Japanese food that does not distract

IF Japanese restaurants had lifespans like race horses, Nadaman in Singapore should have...
PUBLISHED Jun 16, 2017 05:50 AM

The three wines that should always be in your fridge

JULIA Child always kept a half bottle of Champagne in the refrigerator so she had...
PUBLISHED Jun 16, 2017 05:50 AM

The Sam Willows are all grown up

YOU might not recognise The Sam Willows - comprising siblings Benjamin and Narelle Kheng...
PUBLISHED Jun 16, 2017 05:50 AM

Still as eclectic as ever

ONE of Singapore's oldest and longest running music festivals, Baybeats, returns...
PUBLISHED Jun 16, 2017 05:50 AM

Did Dylan crib from SparkNotes for Nobel lecture?

BOB Dylan has been accused of cribbing. Again.
PUBLISHED Jun 16, 2017 05:50 AM

WOHA in your home

FANS of WOHA architecture firm can not only live in homes designed by it, but will soon...
PUBLISHED Jun 16, 2017 05:50 AM

An endearing mix of silly and sweet

SO continues the rehabilitation of once-evil genius Gru from super bad to super dad to...
PUBLISHED Jun 16, 2017 05:50 AM

Wretched crime caper missing more than just a dog

ONCE upon a time in Hollywood, circa 1990s, Bruce Willis was a major star for his...
PUBLISHED Jun 16, 2017 05:50 AM

Political art makes splash at Art Basel

VISITORS to the world's biggest art fair, Art Basel, knew something was up when...
PUBLISHED Jun 16, 2017 05:50 AM
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