Thursday, Jul 13, 2017

TOP STORIES

Stronger IPO flows in Asean seen for 2nd half of the year

SOUTH-EAST Asia may see more initial public offering (IPO) activity in the second half of...
PUBLISHED Jul 13, 2017 05:50 AM

Dow jumps as market welcomes good jobs data in upbeat report from Yellen

JANET Yellen, chair of the US Federal Reserve, highlighted the continued strength of jobs...
PUBLISHED Jul 13, 2017 05:50 AM

BNP Paribas targeting investments from German SMEs into Asean

BNP Paribas is targeting investment flows from Germany's Mittelstand - the bloc of...
PUBLISHED Jul 13, 2017 05:50 AM

JV by Japan's top shipping lines takes 50,000 sq ft at Marina One

OCEAN Network Express, the new joint venture of Japan's "Big Three"...
PUBLISHED Jul 13, 2017 05:50 AM

Yanlord partnering Perennial to bid for United Engineers: sources

YANLORD Land Group, the China-focused developer, is partnering Perennial Real Estate...
PUBLISHED Jul 13, 2017 05:50 AM

May retail sales make scant year-on-year gains

Retail sales in Singapore in the month of May notched minute gains when compared to a...
PUBLISHED Jul 13, 2017 05:50 AM

Men dominate in the crowdfunding arena

MEN are from Mars and women, from Venus, or so a book of this title observes - and it...
PUBLISHED Jul 13, 2017 05:50 AM

S'pore inks deals for aviation training and research collaboration

SINGAPORE has signed two agreements which will see it helping to develop aviation...
PUBLISHED Jul 13, 2017 05:50 AM

Ex-banker admits to money laundering in 1MDB-linked case

YEO Jiawei, a former banker already serving the longest jail term for obstruction of...
PUBLISHED Jul 13, 2017 05:50 AM

HK property prices to grow at a slower rate in H2 2017: Colliers

HONG Kong property prices are expected to continue to grow in the second half of 2017 but...
PUBLISHED Jul 13, 2017 05:50 AM

COE supply to fall by 13.7% from August to October

THE supply of certificates of entitlement (COE) will dip by 13.7 per cent in the coming...
PUBLISHED Jul 13, 2017 05:50 AM

Startup launches new platform to compare electricity prices

AS competition in the electricity sector hots up, a startup has entered the space to...
PUBLISHED Jul 13, 2017 05:50 AM

IMF signals strong growth prospects for Asia but warns of challenges

ASIA'S economic outlook "remains the strongest in the world",...
PUBLISHED Jul 13, 2017 05:50 AM

STOCKS

STOCKS

Market mixed ahead of Yellen report

INVESTORS held their breaths mid-week as they searched for signs on when the US Federal...
PUBLISHED Jul 13, 2017 05:50 AM

Brokers' take

IN our previous report, we highlighted the recovery of CapitaMall Minzhongleyuan (MZLY)...
PUBLISHED Jul 13, 2017 05:50 AM
CURRENCIES

US$ edges lower vs yen before Yellen testimony

THE US dollar fell against the yen and languished at 14-month lows against the euro on...
PUBLISHED Jul 13, 2017 05:50 AM

COMPANIES & MARKETS

SPH Reit achieves stable Q3 results

SINGAPORE-BASED mall investment trust SPH Reit on Wednesday reported a 2 per cent uptick...
PUBLISHED Jul 13, 2017 05:50 AM

APP taps ex-ST Engg executive to tackle haze

CONTROVERSY-mired paper giant Asia Pulp and Paper (APP) has hired Bernard Tan, formerly...
PUBLISHED Jul 13, 2017 05:50 AM
HOCK LOCK SIEW

Bid for Croesus: Is Blackstone buying into a retail boom in Japan?

WHAT value did private equity giant Blackstone see in Japanese mall owner Croesus Retail...
PUBLISHED Jul 13, 2017 05:50 AM

YuuZoo CFO quits; he's sixth person to leave the post in 3 years

THE revolving door spun once again at YuuZoo Corporation with the resignation of chief...
PUBLISHED Jul 13, 2017 05:50 AM

JM seeks buyers for Mercator's listing status as current deal falls through

MERCATOR Lines, which is under judicial management, has terminated a proposed deal which...
PUBLISHED Jul 13, 2017 05:50 AM

Corporate digest

OXLEY Holdings is buying a freehold property in the southern part of Singapore for S$121...
PUBLISHED Jul 13, 2017 05:50 AM

Commodity trader Clearsource adds LPG, naphtha

PETROLEUM and metals trader Clearsource is expanding its Asian operations through its...
PUBLISHED Jul 13, 2017 05:50 AM

US$ may rebound, signalling a 'choppy' quarter for equities

CURRENCY market movements are signalling a choppy third quarter for equities.
PUBLISHED Jul 13, 2017 05:50 AM

S'pore IPO star Unusual Ltd seeks China expansion

AFTER staging concerts in Singapore for the past two decades, the city-state's best-...
PUBLISHED Jul 13, 2017 05:50 AM
STOCKS

Market mixed ahead of Yellen report

INVESTORS held their breaths mid-week as they searched for signs on when the US Federal...
PUBLISHED Jul 13, 2017 05:50 AM

Brokers' take

IN our previous report, we highlighted the recovery of CapitaMall Minzhongleyuan (MZLY)...
PUBLISHED Jul 13, 2017 05:50 AM
CURRENCIES

US$ edges lower vs yen before Yellen testimony

THE US dollar fell against the yen and languished at 14-month lows against the euro on...
PUBLISHED Jul 13, 2017 05:50 AM

REAL ESTATE

HOCK LOCK SIEW

Bid for Croesus: Is Blackstone buying into a retail boom in Japan?

WHAT value did private equity giant Blackstone see in Japanese mall owner Croesus Retail...
PUBLISHED Jul 13, 2017 05:50 AM

Private apartment rents down 3.2% in June

SRX Property's June 2017 flash estimates show that rentals of private apartments and...
PUBLISHED Jul 13, 2017 05:50 AM

The lonely giant of Taipei skyline is about to get some company

THE Taipei 101 building, which was for five years the world's tallest, has towered...
PUBLISHED Jul 13, 2017 05:50 AM

Tiny HK homes offer big potential to storage firms

PEOPLE often complain about Hong Kong's notoriously tiny apartments, but for...
PUBLISHED Jul 13, 2017 05:50 AM

BANKING & FINANCE

Japan bank mergers now a matter of averting 'extinction'

HIROSHI Iwama and Mitsunori Watanabe used to joke about merging their banks in central...
PUBLISHED Jul 13, 2017 05:50 AM

Mitsubishi UFJ to take on Wall Street banks in US lending push

MITSUBISHI UFJ Financial Group Inc is expanding its US investment-banking unit to look...
PUBLISHED Jul 13, 2017 05:50 AM

Deutsche Bank targets Saudis in big push for wealth

DEUTSCHE Bank AG is targeting the Middle East as a priority region for wealth management...
PUBLISHED Jul 13, 2017 05:50 AM

Why banks need new operating models

MANY banks have recognised that they need a truly differentiated strategy as the industry...
PUBLISHED Jul 13, 2017 05:50 AM

ENERGY & COMMODITIES

Traders combat glut by offering bespoke oil

THE biggest oil traders feeling the squeeze in a world awash with crude are seeking an...
PUBLISHED Jul 13, 2017 05:50 AM

Australia to pay China's Shenhua Energy A$262m to buy back mining licence

AUSTRALIA'S New South Wales state said on Wednesday it would buy back half of a coal...
PUBLISHED Jul 13, 2017 05:50 AM

Zimbabwe businesses looking to solar power as means to cut costs

WITH more than 100,000 solar power systems installed in homes in Zimbabwe, according to...
PUBLISHED Jul 13, 2017 05:50 AM

Summer heat could fire up corn prices despite record stocks

GLOBAL corn stocks may be at record highs but rising demand is eating into the strength...
PUBLISHED Jul 13, 2017 05:50 AM

TECHNOLOGY

Razer Inc eyeing Hong Kong IPO at up to US$5b valuation: sources

RAZER Inc is shooting for a Hong Kong initial public offering (IPO) that could value the...
PUBLISHED Jul 13, 2017 05:50 AM

Chinese Internet clampdown hurts businesses: US group

CHINA'S clampdown on the use of virtual private networks (VPNs) to circumvent the...
PUBLISHED Jul 13, 2017 05:50 AM

Apple setting up China data centre to meet new cybersecurity rules

APPLE Inc on Wednesday said it is setting up its first data centre in China, in...
PUBLISHED Jul 13, 2017 05:50 AM

Intel rolls out new chips in battle for data centre business

INTEL Corp on Tuesday announced a new line of microprocessors for data centres, setting...
PUBLISHED Jul 13, 2017 05:50 AM

Why banks need new operating models

MANY banks have recognised that they need a truly differentiated strategy as the industry...
PUBLISHED Jul 13, 2017 05:50 AM

CONSUMER

Australia makes cautious entry into medicinal marijuana market

AT a secret location in Australia's south-east, Peter Crook delicately tends to a...
PUBLISHED Jul 13, 2017 05:50 AM

Rebound in Chinese demand helps boost Burberry sales

LUXURY brand Burberry reported better than expected same-store sales in its first...
PUBLISHED Jul 13, 2017 05:50 AM

TRANSPORT

Takata recalls 2.7m more airbags, citing new hazard

TAKATA has added an additional 2.7 million airbags to America's largest automobile...
PUBLISHED Jul 13, 2017 05:50 AM

Mercedes widens lead over BMW with trendy new E-Class, SUVs

MERCEDES-BENZ widened its global luxury-car sales lead in the first half of the year,...
PUBLISHED Jul 13, 2017 05:50 AM

China to make nearly half of new electric car models by 2020: study

CHINESE carmakers are on track to produce 49 of the 103 new electric car models that will...
PUBLISHED Jul 13, 2017 05:50 AM

London's iconic black cabs rebrand for electric future

HUNDREDS of London's black cabs will start appearing on the roads of Amsterdam next...
PUBLISHED Jul 13, 2017 05:50 AM

US to review remaining Middle East airlines under laptop ban

THE US Department of Homeland Security (DHS) said on Tuesday it planned to review...
PUBLISHED Jul 13, 2017 05:50 AM

GOVERNMENT & ECONOMY

Chinese Internet clampdown hurts businesses: US group

CHINA'S clampdown on the use of virtual private networks (VPNs) to circumvent the...
PUBLISHED Jul 13, 2017 05:50 AM

Jakarta moves to tackle tax avoidance by MNCs

INDONESIA will sharply lift its tax collection and work with other nations to develop new...
PUBLISHED Jul 13, 2017 05:50 AM

Australia firms, consumers divided over economy

AUSTRALIAN companies and consumers are divided as never before over their judgement of...
PUBLISHED Jul 13, 2017 05:50 AM

EU flexing muscle on trade and climate change

AT global summits, national leaders such as Donald Trump, Vladimir Putin, Xi Jinping, or...
PUBLISHED Jul 13, 2017 05:50 AM

Abe seeks to avoid repeat of his swift exit a decade ago

UNPOPULAR policies and a slew of scandals triggered a slide in public support for...
PUBLISHED Jul 13, 2017 05:50 AM

Trump defends eldest son's actions over Russia 'Hillary dirt' emails

DONALD Trump defended his eldest son on Wednesday over emails showing his embrace of...
PUBLISHED Jul 13, 2017 05:50 AM

China sends troops to open first overseas military base

SHIPS carrying Chinese military personnel for Beijing's first overseas military base...
PUBLISHED Jul 13, 2017 05:50 AM

Trump's foreign policy is evolving

NOTE the front-page headlines and skim through the editorial pages of the world's...
PUBLISHED Jul 13, 2017 05:50 AM
THE BOTTOM LINE

Mobility to shape women leaders

ONE of the themes in the report published by the Committee on the Future Economy is to...
PUBLISHED Jul 13, 2017 05:50 AM
EDITORIAL

Land of the Rising Sun needs a new long-term vision

MIDSUMMER days in Tokyo always tend to be hot, humid and oppressive but this year there...
PUBLISHED Jul 13, 2017 05:50 AM

The man who went head-on against the West in 1997 - and won

EISUKE Sakakibara became widely known as "Mr Yen" during the late 1990s because...
PUBLISHED Jul 13, 2017 05:50 AM

LIFE & CULTURE

It's an open field at this year's Emmys

TELEVISION industry experts are predicting a wide-open race for this year's Emmys...
PUBLISHED Jul 13, 2017 05:50 AM

Konta raises British fans' hopes at Wimbledon

JOHANNA Konta was born in Australia to Hungarian parents and trained in Spain, but she is...
PUBLISHED Jul 13, 2017 05:50 AM

Los Angeles and Paris gain Olympic favour

THE International Olympic Committee (IOC) on Tuesday solidified an unusual plan to award...
PUBLISHED Jul 13, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

Bid for Croesus: Is Blackstone buying into a retail boom in Japan?

WHAT value did private equity giant Blackstone see in Japanese mall owner Croesus Retail...
PUBLISHED Jul 13, 2017 05:50 AM

Trump's foreign policy is evolving

NOTE the front-page headlines and skim through the editorial pages of the world's...
PUBLISHED Jul 13, 2017 05:50 AM
THE BOTTOM LINE

Mobility to shape women leaders

ONE of the themes in the report published by the Committee on the Future Economy is to...
PUBLISHED Jul 13, 2017 05:50 AM
EDITORIAL

Land of the Rising Sun needs a new long-term vision

MIDSUMMER days in Tokyo always tend to be hot, humid and oppressive but this year there...
PUBLISHED Jul 13, 2017 05:50 AM

The man who went head-on against the West in 1997 - and won

EISUKE Sakakibara became widely known as "Mr Yen" during the late 1990s because...
PUBLISHED Jul 13, 2017 05:50 AM

Why banks need new operating models

MANY banks have recognised that they need a truly differentiated strategy as the industry...
PUBLISHED Jul 13, 2017 05:50 AM

Why inequality may be worse than it seems

GLOBALLY, income inequality has collapsed over the past 25 years. A lower proportion of...
PUBLISHED Jul 13, 2017 05:50 AM
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