Tuesday, Aug 15, 2017

TOP STORIES

First project bond since 2000 bodes well for Asia's debt market

THE Asean bond market is developing nicely, buoyed by the increasing sophistication of...
PUBLISHED Aug 15, 2017 05:50 AM

China's growth slows in July but sharp downturn unlikely

CHINA posted slower-than-expected factory output and retail sales growth in July as...
PUBLISHED Aug 15, 2017 05:50 AM

Ezion in financial revamp, calls for trading suspension

OFFSHORE and marine (O&M) group Ezion Holdings stopped short of acknowledging it has...
PUBLISHED Aug 15, 2017 05:50 AM

GIC names its first chief technology officer

SINGAPORE sovereign wealth fund GIC on Monday named Ms Wu Choy Peng as its first chief...
PUBLISHED Aug 15, 2017 05:50 AM

Umno leaders condemn violence against Mahathir during forum

LEADERS of Malaysia's ruling party have condemned the violence that erupted at a...
PUBLISHED Aug 15, 2017 05:50 AM

Japan's Q2 growth better than expected

THE Japanese economy powered ahead at a rate that was much faster than expected in the...
PUBLISHED Aug 15, 2017 05:50 AM

Banks in Malaysia getting sticky about paperwork

BANKS in Malaysia appear to have stepped up the paperwork in relation to demand drafts...
PUBLISHED Aug 15, 2017 05:50 AM
TENSIONS IN KOREA

Markets calmer but not breathing easy yet

INVESTORS on Monday backtracked from the previous week's North Korea trade, adding...
PUBLISHED Aug 15, 2017 05:50 AM
TENSIONS IN KOREA

Sanctions may hurt but China oil is N Korea's weakness

FOR North Korea's fledgling economy, the latest round of sanctions will cut deep...
PUBLISHED Aug 15, 2017 05:50 AM
TENSIONS IN KOREA

Gold slips as US dollar steadies with tensions seen easing a bit

GOLD fell on Monday as the US dollar inched up from last week's lows, but held near...
PUBLISHED Aug 15, 2017 05:50 AM

STOCKS

STOCKS

STI up 0.9% on easing geopolitical worries

SHARE prices in the local bourse rose alongside most major Asian stock markets as they...
PUBLISHED Aug 15, 2017 05:50 AM

Brokers' take

Q2 17 Patmi (profit after tax and minority interests) of S$79 million (-7 per cent year...
PUBLISHED Aug 15, 2017 05:50 AM
CURRENCIES

US$ dips on lowered expectations of rate hike

THE US dollar edged lower against a trade-weighted basket of currencies on Monday after...
PUBLISHED Aug 15, 2017 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Tackling ethnocentrism in Reit IPOs

CHINESE-BACKED real estate investment trusts (Reits) and property trusts still find...
PUBLISHED Aug 15, 2017 05:50 AM

mm2 Asia on firmer ground as Q1 net profit jumps 30%

A FIRMER core business showing, additional revenue from newly acquired subsidiary UnUsUaL...
PUBLISHED Aug 15, 2017 05:50 AM

Golden Agri Q2 profit down 45% on lack of tax credit

THE absence of deferred income tax credit took a toll on the results of Golden Agri-...
PUBLISHED Aug 15, 2017 05:50 AM

Corporate digest

THE Malaysian shipping firm plunged to the red with a net loss of RM2.02 billion (S$640...
PUBLISHED Aug 15, 2017 05:50 AM

Olam's Q2 profit up 29% at S$147.7m on stronger sales

STRONGER sales volume in most business segments, especially for grains and edible oils,...
PUBLISHED Aug 15, 2017 05:50 AM

HRnetGroup's Q2 net profit down 10.3%

RECRUITMENT agency HRnetGroup on Monday posted a 10.3 per cent decline in net profit to S...
PUBLISHED Aug 15, 2017 05:50 AM
STOCKS

STI up 0.9% on easing geopolitical worries

SHARE prices in the local bourse rose alongside most major Asian stock markets as they...
PUBLISHED Aug 15, 2017 05:50 AM

Brokers' take

Q2 17 Patmi (profit after tax and minority interests) of S$79 million (-7 per cent year...
PUBLISHED Aug 15, 2017 05:50 AM
CURRENCIES

US$ dips on lowered expectations of rate hike

THE US dollar edged lower against a trade-weighted basket of currencies on Monday after...
PUBLISHED Aug 15, 2017 05:50 AM

Pacific Radiance narrows loss, starts restructuring

SINGAPORE-LISTED offshore and marine group Pacific Radiance narrowed its second-quarter...
PUBLISHED Aug 15, 2017 05:50 AM

Low ore grades continue to drag on CNMC's Q2 profit

PLAGUED by low ore grades and a decline in production since the fourth quarter of 2016,...
PUBLISHED Aug 15, 2017 05:50 AM

Genting HK, TPG, Apollo to sell 6.58% of Norwegian Cruise Line

CRUISE operator Genting Hong Kong Ltd said it, Apollo Funds and TPG Fund have agreed to...
PUBLISHED Aug 15, 2017 05:50 AM

REAL ESTATE

HOCK LOCK SIEW

Tackling ethnocentrism in Reit IPOs

CHINESE-BACKED real estate investment trusts (Reits) and property trusts still find...
PUBLISHED Aug 15, 2017 05:50 AM

Ex-KepReit chief appointed as MD and CIO at Lendlease

FORMER Keppel Reit Management chief Ng Hsueh Ling has been appointed managing director (...
PUBLISHED Aug 15, 2017 05:50 AM

Shadow over HK real estate puts Singapore property stocks ahead

HONG Kong's property stocks are cheaper than Singapore's, although not cheap...
PUBLISHED Aug 15, 2017 05:50 AM

UK property market set to stay subdued as election result takes its toll

BRITAIN'S shock election result took its toll on the property market last month and...
PUBLISHED Aug 15, 2017 05:50 AM

Bigger isn't better for rich Hamptons buyers

AFTER what felt like an endless stagnant market, mansion sales in the Hamptons have...
PUBLISHED Aug 15, 2017 05:50 AM

A big Wall Street firm bets the American home dream is dying

A BIG Wall Street firm is betting that America is likely to become the United States of...
PUBLISHED Aug 15, 2017 05:50 AM

BANKING & FINANCE

CBA long-serving chief to retire by next June

COMMONWEALTH Bank of Australia (CBA) CEO Ian Narev will retire by next June, Australia...
PUBLISHED Aug 15, 2017 05:50 AM

Investors growing more restless as Thailand's corporate cash stash swells

THAI companies have accumulated a record US$34 billion in cash, prompting some investors...
PUBLISHED Aug 15, 2017 05:50 AM

MUFG plans hires in Saudi Arabia to tap US$350b privatisation

MITSUBISHI UFJ Financial Group Inc is looking to hire in Saudi Arabia as the bank seeks...
PUBLISHED Aug 15, 2017 05:50 AM

Taming of Asia's most volatile currencies creates new danger

POLICYMAKERS in Indonesia and Malaysia have been so successful in quashing currency...
PUBLISHED Aug 15, 2017 05:50 AM

Manila says its economic strength will bolster weak peso

THE Philippine government, seeking to reduce concerns about a sliding peso, said on...
PUBLISHED Aug 15, 2017 05:50 AM

ENERGY & COMMODITIES

Norway Big Oil dangles 150b kroner investments in return for tax breaks

NORWAY'S oil industry says it has some major investments in store if the government...
PUBLISHED Aug 15, 2017 05:50 AM

Climate extremes, policies confuse crop choices for Malawi farmers

ELIAS Kanyangale is ecstatic about his maize harvest. Balancing on a homemade ladder, the...
PUBLISHED Aug 15, 2017 05:50 AM

Singapore revokes first bunker licence since enforcing MFM system

THE Maritime and Port Authority of Singapore (MPA) has revoked the bunker craft operator...
PUBLISHED Aug 15, 2017 05:50 AM

TECHNOLOGY

AI systems learn to behave like humans

AT OpenAI, the artificial intelligence (AI) lab founded by Tesla's chief executive,...
PUBLISHED Aug 15, 2017 05:50 AM

Uber board considering 3 offers to buy company's shares

UBER'S board has voted to move ahead on proposals by two investment groups to buy...
PUBLISHED Aug 15, 2017 05:50 AM

SpaceX to launch super-computer into space

SPACEX is poised to launch an unmanned cargo ship towards the International Space Station...
PUBLISHED Aug 15, 2017 05:50 AM

Locals oppose eBay founder's plans for Hawaii dairy

IF PIERRE Omidyar gets his way, 699 dairy cows will soon enjoy a glorious view of the...
PUBLISHED Aug 15, 2017 05:50 AM

CONSUMER

Netflix needs to make more of its own movies with Disney's exit

WALT Disney Co's break with Netflix Inc increases pressure on the streaming service...
PUBLISHED Aug 15, 2017 05:50 AM

US health insurers get more time for 2018 rate increases

THE Trump administration is giving health insurance companies more time to calculate...
PUBLISHED Aug 15, 2017 05:50 AM

TRANSPORT

Pacific Radiance narrows loss, starts restructuring

SINGAPORE-LISTED offshore and marine group Pacific Radiance narrowed its second-quarter...
PUBLISHED Aug 15, 2017 05:50 AM

Volvo excels in China while Jaguar lags in India

TATA Motors Ltd and Zhejiang Geely Holding Group Co both bought iconic luxury brands from...
PUBLISHED Aug 15, 2017 05:50 AM

Cathay Pacific needs to woo China leisure travellers, analysts say

IT is time for Cathay Pacific chief executive officer Rupert Hogg to go to the back of...
PUBLISHED Aug 15, 2017 05:50 AM

Singapore revokes first bunker licence since enforcing MFM system

THE Maritime and Port Authority of Singapore (MPA) has revoked the bunker craft operator...
PUBLISHED Aug 15, 2017 05:50 AM

US cities turn to gondolas as a means of transport for commuters

THEY would seem more at home in Switzerland, zipping up the side of the Alps. But...
PUBLISHED Aug 15, 2017 05:50 AM

Jakarta plans to cut domestic sedan sales tax: official

INDONESIA plans to lower taxes on domestic sedan sales in a bid to promote the country,...
PUBLISHED Aug 15, 2017 05:50 AM

Sweden a possible broker in the tension between US and N Korea

SWEDEN has not yet been paid by North Korea for the hundreds of Volvo saloons it...
PUBLISHED Aug 15, 2017 05:50 AM

GOVERNMENT & ECONOMY

Investors growing more restless as Thailand's corporate cash stash swells

THAI companies have accumulated a record US$34 billion in cash, prompting some investors...
PUBLISHED Aug 15, 2017 05:50 AM

Singapore revokes first bunker licence since enforcing MFM system

THE Maritime and Port Authority of Singapore (MPA) has revoked the bunker craft operator...
PUBLISHED Aug 15, 2017 05:50 AM

US Nafta negotiation objectives on collision course with car industry

THE Trump administration has set a collision course with the car industry as it launches...
PUBLISHED Aug 15, 2017 05:50 AM

Finnish workers demand pay rises; tough wage talks expected

IF Mario Draghi, the president of the European Central Bank, is looking for signs of wage...
PUBLISHED Aug 15, 2017 05:50 AM

Australian deputy PM says he may not be eligible for parliament

AUSTRALIAN Deputy Prime Minister Barnaby Joyce said on Monday he may not be eligible for...
PUBLISHED Aug 15, 2017 05:50 AM

China caught in crossfire between US and N Korea

IT'S getting harder for Chinese President Xi Jinping to maintain support for...
PUBLISHED Aug 15, 2017 05:50 AM

Jakarta plans to cut domestic sedan sales tax: official

INDONESIA plans to lower taxes on domestic sedan sales in a bid to promote the country,...
PUBLISHED Aug 15, 2017 05:50 AM

Sweden a possible broker in the tension between US and N Korea

SWEDEN has not yet been paid by North Korea for the hundreds of Volvo saloons it...
PUBLISHED Aug 15, 2017 05:50 AM

India and Pakistan grapple with 70 years of Partition pain

FROM barbed grins in a carefully synchronised daily flag ceremony to murderous exchanges...
PUBLISHED Aug 15, 2017 05:50 AM

Taming of Asia's most volatile currencies creates new danger

POLICYMAKERS in Indonesia and Malaysia have been so successful in quashing currency...
PUBLISHED Aug 15, 2017 05:50 AM

Manila says its economic strength will bolster weak peso

THE Philippine government, seeking to reduce concerns about a sliding peso, said on...
PUBLISHED Aug 15, 2017 05:50 AM
COMMENTARY

N-E Asia tensions: markets wise to show nervousness

FINANCIAL markets are supposed to be smart at pricing in risk, so how come they have been...
PUBLISHED Aug 15, 2017 05:50 AM

LIFE & CULTURE

King of rock 'n' roll reaches semi-divine status 40 years after his death

PILGRIMS come all day every day, filing past in silence, fighting back tears as they...
PUBLISHED Aug 15, 2017 05:50 AM

Suharto Museum celebrates dictator's life, omitting dark chapters

INDONESIA'S former dictator looms in bronze over the entrance to the small museum...
PUBLISHED Aug 15, 2017 05:50 AM

SME

Giving hope to traditional businesses

STEP into Bynd Artisan's new atelier at Raffles City and what greets you is their...
PUBLISHED Aug 15, 2017 05:50 AM

HR made easy

AS LABOUR costs increase and human resources (HR) function assumes a more strategic role...
PUBLISHED Aug 15, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

Tackling ethnocentrism in Reit IPOs

CHINESE-BACKED real estate investment trusts (Reits) and property trusts still find...
PUBLISHED Aug 15, 2017 05:50 AM
EDITORIAL

Needed: Coherent US message on N Korea

US President Donald Trump's recent warning to North Korea that further provocations...
PUBLISHED Aug 15, 2017 05:50 AM

At 70, India regains the spirit of youth

ON Aug 15, India is celebrating 70 years of independence. It is an important milestone...
PUBLISHED Aug 15, 2017 05:50 AM
THE BOTTOM LINE

The curse of America's middle-aged capitalism

A PERSISTING puzzle about the US economy is how it can seem both strong and weak. On the...
PUBLISHED Aug 15, 2017 05:50 AM

India's economy: a story of success, failure, hope

ON THE eve of India's independence from Britain 70 years ago, The Times of India...
PUBLISHED Aug 15, 2017 05:50 AM
COMMENTARY

Is China building up military land bases abroad?

CHINA is portraying its One Belt One Road (OBOR) as an initiative to peacefully spread...
PUBLISHED Aug 15, 2017 05:50 AM
COMMENTARY

N-E Asia tensions: markets wise to show nervousness

FINANCIAL markets are supposed to be smart at pricing in risk, so how come they have been...
PUBLISHED Aug 15, 2017 05:50 AM
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