Wednesday, Aug 09, 2017

TOP STORIES

Singapore's economy to grow by 'around 2.5%' this year: PM Lee

THE government expects Singapore's economy to grow by around 2.5 per cent this year...
PUBLISHED Aug 9, 2017 05:50 AM

Red and white show of cars

A USED car dealership is celebrating National Day with a special red and white automotive...
PUBLISHED Aug 9, 2017 05:50 AM
NATIONAL DAY: VOICES FROM THE FUTURE

As the future beckons, fears mingle with hope

STUDY hard, find a good job, work hard, and you'll be set for life. That's what...
PUBLISHED Aug 9, 2017 05:50 AM
NATIONAL DAY: VOICES FROM THE FUTURE

We are Singaporean, before anything else

WHEN I was in primary school, I remember going to the canteen at recess and wondering...
PUBLISHED Aug 9, 2017 05:50 AM
NATIONAL DAY: VOICES FROM THE FUTURE

For the love of sports, dive deep

WHEN I stand on the edge of the diving platform, 10 metres up from the competition pool...
PUBLISHED Aug 9, 2017 05:50 AM
NATIONAL DAY: VOICES FROM THE FUTURE

Making the arts a national asset

"POETRY is a luxury we cannot afford", said Lee Kuan Yew in the late 60s, but...
PUBLISHED Aug 9, 2017 05:50 AM
NATIONAL DAY: VOICES FROM THE FUTURE

The importance of doing what you love

I HAVE wanted to be a newspaper journalist since I was 16, which is why I am enrolled at...
PUBLISHED Aug 9, 2017 05:50 AM

ThaiBev to buy KFC outlets in Thailand for 11.3b baht

THAI Beverage Public Company (ThaiBev) has agreed to buy over KFC outlets in Thailand,...
PUBLISHED Aug 9, 2017 05:50 AM

Tokyo warns that North Korea may have nuclear-strike capability

JAPAN'S Ministry of Defence on Tuesday suggested that it was "possible that...
PUBLISHED Aug 9, 2017 05:50 AM

1MDB gets 2nd payment reprieve but must cough up US$310m in 5 days

MALAYSIA'S 1MDB has been given a second time extension until Aug 31 on a US$629...
PUBLISHED Aug 9, 2017 05:50 AM

STOCKS

HOT STOCKS

Venture Corp and Hi-P International sizzle

SHARES of both Venture Corp and Hi-P International jumped on expectations of better...
PUBLISHED Aug 9, 2017 05:50 AM

Singapore Reits chalk up average total return of 17.6% year-to-date

THE average total return of all 31 of Singapore's real estate investment trusts (...
PUBLISHED Aug 9, 2017 05:50 AM

Funds target 'unknown' stocks as Wall St cuts analyst jobs

WITH a nearly 30 per cent gain in 2017, shares of industrial products maker Handy &...
PUBLISHED Aug 9, 2017 05:50 AM
STOCKS

Stocks weaken ahead of National Day

IT WAS a case of "another day, another all-time high'' for the Dow Jones...
PUBLISHED Aug 9, 2017 05:50 AM

Brokers' take

Cosco Shipping International (Cosco)'s net losses seemed to have narrowed in H1 17...
PUBLISHED Aug 9, 2017 05:50 AM
CURRENCIES

US$ pulls back but fall cushioned by jobs data

THE dollar weakened again on Tuesday, but clung on to most of its gains from last week...
PUBLISHED Aug 9, 2017 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Cashless future? S'pore needs bolder, overarching plan

JULY was a good month for e-payments in Singapore. PayNow, the long-awaited, bank-...
PUBLISHED Aug 9, 2017 05:50 AM

Manulife US Reit beats Q2 forecasts; DPU of 1.58 US cents

MANULIFE US Real Estate Investment Trust (Reit) posted on Tuesday better-than-expected...
PUBLISHED Aug 9, 2017 05:50 AM

Penny crash trials: Court rejects Soh's bid for documents

THE man accused of masterminding the 2013 penny stock crash has failed to force...
PUBLISHED Aug 9, 2017 05:50 AM

GLP's Q1 profit down 29% at US$144.2m on lower revaluations

GLOBAL Logistic Properties (GLP) on Tuesday posted a 28.9 per cent fall in net profit to...
PUBLISHED Aug 9, 2017 05:50 AM

Flurry of activity in shares of obscure China stock draws authorities' attention

FANGDA Carbon New Material Co isn't typically a name that jumps to mind when one...
PUBLISHED Aug 9, 2017 05:50 AM

Centurion aims for HK presence with listing there

CENTURION Corporation Limited hopes to establish its presence in the Hong Kong market and...
PUBLISHED Aug 9, 2017 05:50 AM

Q2 fair-value gain lifts Perennial; group upbeat on China healthcare

PERENNIAL Real Estate Holdings, which recently led a consortium to consider the en bloc...
PUBLISHED Aug 9, 2017 05:50 AM
HOT STOCKS

Venture Corp and Hi-P International sizzle

SHARES of both Venture Corp and Hi-P International jumped on expectations of better...
PUBLISHED Aug 9, 2017 05:50 AM

Singapore Reits chalk up average total return of 17.6% year-to-date

THE average total return of all 31 of Singapore's real estate investment trusts (...
PUBLISHED Aug 9, 2017 05:50 AM

Hotelier IHG posts slower Q2 RevPAR growth

INTERCONTINENTAL Hotels Group (IHG) reported slower growth in revenue per available room...
PUBLISHED Aug 9, 2017 05:50 AM

YZJ shares up again on strong Q2 results

SHARES in Yangzijiang Shipbuilding (Holdings) got a further boost on Tuesday after it...
PUBLISHED Aug 9, 2017 05:50 AM

Jumbo profit down 1.1% at S$3.37m in Q3

RESTAURANT group Jumbo saw a 1.1 per cent dip in its net profit for the third quarter...
PUBLISHED Aug 9, 2017 05:50 AM

AEM on lookout for innovative firms

AEM Holdings is looking to acquire smaller firms with innovation in technology or...
PUBLISHED Aug 9, 2017 05:50 AM

Corporate digest

THE independent financial adviser (IFA) for UOL Group has advised shareholders to vote to...
PUBLISHED Aug 9, 2017 05:50 AM

Funds target 'unknown' stocks as Wall St cuts analyst jobs

WITH a nearly 30 per cent gain in 2017, shares of industrial products maker Handy &...
PUBLISHED Aug 9, 2017 05:50 AM
STOCKS

Stocks weaken ahead of National Day

IT WAS a case of "another day, another all-time high'' for the Dow Jones...
PUBLISHED Aug 9, 2017 05:50 AM

Brokers' take

Cosco Shipping International (Cosco)'s net losses seemed to have narrowed in H1 17...
PUBLISHED Aug 9, 2017 05:50 AM
CURRENCIES

US$ pulls back but fall cushioned by jobs data

THE dollar weakened again on Tuesday, but clung on to most of its gains from last week...
PUBLISHED Aug 9, 2017 05:50 AM

REAL ESTATE

Manulife US Reit beats Q2 forecasts; DPU of 1.58 US cents

MANULIFE US Real Estate Investment Trust (Reit) posted on Tuesday better-than-expected...
PUBLISHED Aug 9, 2017 05:50 AM

GLP's Q1 profit down 29% at US$144.2m on lower revaluations

GLOBAL Logistic Properties (GLP) on Tuesday posted a 28.9 per cent fall in net profit to...
PUBLISHED Aug 9, 2017 05:50 AM

Q2 fair-value gain lifts Perennial; group upbeat on China healthcare

PERENNIAL Real Estate Holdings, which recently led a consortium to consider the en bloc...
PUBLISHED Aug 9, 2017 05:50 AM

Private condo resale prices fall 0.5% in July

RESALE prices of private condominiums and apartments fell 0.5 per cent in July, after...
PUBLISHED Aug 9, 2017 05:50 AM

China developers sink as the world's biggest stock rally loses steam

IT HAD to end sooner or later. After an almost 400 per cent surge this year through late...
PUBLISHED Aug 9, 2017 05:50 AM

Thanks to Brexit, the Irish countryside is more popular than ever

THREE years ago, Kanye West and Kim Kardashian spent their honeymoon at Castlemartyr...
PUBLISHED Aug 9, 2017 05:50 AM

Architects, designers and refugees team up to build tiny houses in Berlin project

TROUBLED to see a long queue of asylum seekers shivering for hours on a winter's day...
PUBLISHED Aug 9, 2017 05:50 AM

BANKING & FINANCE

HOCK LOCK SIEW

Cashless future? S'pore needs bolder, overarching plan

JULY was a good month for e-payments in Singapore. PayNow, the long-awaited, bank-...
PUBLISHED Aug 9, 2017 05:50 AM

Australia's biggest bank scraps CEO's bonus

COMMONWEALTH Bank of Australia on Tuesday scrapped its chief executive's bonus for...
PUBLISHED Aug 9, 2017 05:50 AM

Quants clamour for data, causing soul-searching at large banks

THE insatiable demand for unique market data is putting banks in a tricky situation.
PUBLISHED Aug 9, 2017 05:50 AM

Berkshire close to holding record US$100b in cash

IT'S a milestone Warren Buffett probably wishes he weren't approaching...
PUBLISHED Aug 9, 2017 05:50 AM

Bitcoin jumps by record 21% after miners' split

BITCOIN extended gains to a record as the cryptocurrency makes strides in putting the...
PUBLISHED Aug 9, 2017 05:50 AM

Pressure on fees spreads to wealth management sector

WEALTH managers' revenue stagnated last year even as firms boosted assets by almost...
PUBLISHED Aug 9, 2017 05:50 AM

Initial coin offerings continue unabated

THE cautionary words of US regulators have done little to chill a red-hot market for new...
PUBLISHED Aug 9, 2017 05:50 AM

ENERGY & COMMODITIES

Libyan oil field 'back to normal' after protests

LIBYA'S biggest oil field Sharara is "back to normal" after a disruption...
PUBLISHED Aug 9, 2017 05:50 AM

China policies help drive gains in iron ore, steel

STEEL and iron ore are China's hottest commodities right now, and it is policymakers...
PUBLISHED Aug 9, 2017 05:50 AM

US natural gas emerging as rival to Russia in Europe

THE growth of shale gas extraction is positioning the United States to be a bigger...
PUBLISHED Aug 9, 2017 05:50 AM

Big Oil's dream of US$65b of crude fades away as Norway opts to defend natural wonder

NORWAY'S oil industry has been salivating for years over the Arctic Lofoten islands...
PUBLISHED Aug 9, 2017 05:50 AM

TECHNOLOGY

Sony designs digital 'fragrance Walkman'

SONY Corp, which is emerging from five years of brutal restructuring that gutted its...
PUBLISHED Aug 9, 2017 05:50 AM

Siemens to update medical scanner software to deal with security bugs

GERMAN industrial group Siemens expects to update software in some of its medical...
PUBLISHED Aug 9, 2017 05:50 AM

Google fires engineer whose memo advances gender bias

ALPHABET Inc's Google has fired an employee who wrote an internal memo blasting the...
PUBLISHED Aug 9, 2017 05:50 AM

ARM bulks up staff and compensation after SoftBank acquisition

ARM Holdings Plc posted a quarterly loss due to an increase in headcount and compensation...
PUBLISHED Aug 9, 2017 05:50 AM

US$1,600 smartphone comes with concierge service

IT'S not easy standing out in the smartphone game. Apple and Samsung Electronics...
PUBLISHED Aug 9, 2017 05:50 AM

How do you protect yourself from ransomware?

WE have recently witnessed one of the largest ransomware attacks in history. Known as...
PUBLISHED Aug 9, 2017 05:50 AM

Facilitate, don't dictate

THE way people work has changed dramatically, creating huge pressure on traditional...
PUBLISHED Aug 9, 2017 05:50 AM

WannaCry-linked Bitcoin wallets emptied: analysts

THE three Bitcoin wallets linked to the WannaCry malware, which hit hundreds of thousands...
PUBLISHED Aug 9, 2017 05:50 AM

CONSUMER

China's hotpot billionaire ready to take on the world

ZHANG Yong, the co-founder and chairman of Haidilao, one of China's most successful...
PUBLISHED Aug 9, 2017 05:50 AM

Alibaba, Marriott team up to tap Chinese tourism boom

ALIBABA Group Holding Ltd is supercharging its fledgling travel service by partnering...
PUBLISHED Aug 9, 2017 05:50 AM

Walmart heirs snap up British bikewear brand Rapha

RAPHA, the upmarket British bikewear brand credited with bringing fashionable as well as...
PUBLISHED Aug 9, 2017 05:50 AM

CBS's Q2 advertising sales up 4.3%, bucking trend

CBS Corp bucked the tough advertising climate that hit competitors, benefiting from its...
PUBLISHED Aug 9, 2017 05:50 AM

TRANSPORT

STRAIT TALK

Brexit is good news for shipping industry

IN last week's issue of shipping newspaper Tradewinds my good friend Adam Corbett...
PUBLISHED Aug 9, 2017 05:50 AM

Surge in Class 8 truck orders a sign that US economy is picking up: analysts

ORDERS for semi trucks are rebounding after an almost two-year long slump, a positive...
PUBLISHED Aug 9, 2017 05:50 AM

Airline workers warn of dangerous fumes in passenger cabins

THE smell of jet fuel is fairly common in the passenger cabin when your plane is...
PUBLISHED Aug 9, 2017 05:50 AM

Mazda unveils plans to commercialise compression ignition petrol engine

MAZDA Motor Corp unveiled plans for the world's first commercial petrol engine using...
PUBLISHED Aug 9, 2017 05:50 AM

German financial watchdog investigating carmakers 'cartel'

GERMANY'S financial regulator confirmed on Monday that it is investigating whether...
PUBLISHED Aug 9, 2017 05:50 AM

GOVERNMENT & ECONOMY

China July exports, imports weaker than expected

CHINA'S exports and imports grew much less than expected in July, raising concerns...
PUBLISHED Aug 9, 2017 05:50 AM

Drop in German trade activity feeds into global stimulus debate

GERMAN trade activity slowed abruptly in June, adding to signs that demand in leading...
PUBLISHED Aug 9, 2017 05:50 AM

H-1B work visa programme benefits US, India: study

THE controversial H-1B visa programme, widely criticised for costing American workers...
PUBLISHED Aug 9, 2017 05:50 AM

State insurance officials seek backup plan faced with possibility of Trump's subsidy cuts

CONGRESS is on vacation, but state insurance commissioners have no time off. They have...
PUBLISHED Aug 9, 2017 05:50 AM

Tillerson in Thailand presses for more action on N Korea

US Secretary of State Rex Tillerson on Tuesday pressed Thai leaders for more action on...
PUBLISHED Aug 9, 2017 05:50 AM

China holds war games as N Korea tensions spike

THE Chinese navy and air force flexed their muscles in live-fire drills in seas adjacent...
PUBLISHED Aug 9, 2017 05:50 AM

China's leverage crackdown gets shrug from markets

THE Chinese leadership has this year made its strongest commitment yet to curb financial...
PUBLISHED Aug 9, 2017 05:50 AM

China to spend US$1.5t on outbound M&A in next decade

CHINESE acquirers will spend US$1.5 trillion buying companies abroad in the next decade,...
PUBLISHED Aug 9, 2017 05:50 AM

BOJ urged to dial back stimulus before inflation hits

THE Bank of Japan (BOJ) should dial back its massive stimulus before inflation hits its 2...
PUBLISHED Aug 9, 2017 05:50 AM

Initial coin offerings continue unabated

THE cautionary words of US regulators have done little to chill a red-hot market for new...
PUBLISHED Aug 9, 2017 05:50 AM

LIFE & CULTURE

Europe's journeymen keep the past alive

THEY hitchhike across Europe, instantly recognisable in the wide-bottomed, corduroy...
PUBLISHED Aug 9, 2017 05:50 AM

Taylor Swift in court as trial begins

POP superstar Taylor Swift was in court on Monday as the trial began in a case pitting...
PUBLISHED Aug 9, 2017 05:50 AM

China's Sex And The City confronts awkward truths

A WILDLY popular drama likened to Sex and the City is breaking ground on China's...
PUBLISHED Aug 9, 2017 05:50 AM

EXECUTIVE MONEY

Initial coin offerings continue unabated

THE cautionary words of US regulators have done little to chill a red-hot market for new...
PUBLISHED Aug 9, 2017 05:50 AM

Gundlach, wary of pricey market, sets cap on DoubleLine's growth

JEFFREY Gundlach sees too much of a good thing - in financial markets and in his industry...
PUBLISHED Aug 9, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

Cashless future? S'pore needs bolder, overarching plan

JULY was a good month for e-payments in Singapore. PayNow, the long-awaited, bank-...
PUBLISHED Aug 9, 2017 05:50 AM
STRAIT TALK

Brexit is good news for shipping industry

IN last week's issue of shipping newspaper Tradewinds my good friend Adam Corbett...
PUBLISHED Aug 9, 2017 05:50 AM
EDITORIAL

As Asean turns 50, the bloc must stay relevant or risk being left behind

AS the Association of Southeast Asian Nations (Asean) celebrates its landmark golden...
PUBLISHED Aug 9, 2017 05:50 AM
THE BOTTOM LINE

Latest from China: fabricated papers, fake peer reviews

FROM the land that brought to you poisonous toothpaste, toxic pet food and milk powder...
PUBLISHED Aug 9, 2017 05:50 AM

Global confidence in the US is shaken

THOUGH just six months old, Donald Trump's presidency has already had a major impact...
PUBLISHED Aug 9, 2017 05:50 AM

Understanding meaning of pragmatic leadership

WE are often advised by our leaders, both in government and business communities, to be...
PUBLISHED Aug 9, 2017 05:50 AM
COMMENTARY

In search of a Japanese Macron-like saviour

JAPANESE politics has reverted to a "status quo ante" situation - or, to put it...
PUBLISHED Aug 9, 2017 05:50 AM
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