Tuesday, Aug 22, 2017

TOP STORIES

Cashless holds benefits if hurdles cleared

IS Singapore, a modern metropolis and one of the world's top financial centres,...
PUBLISHED Aug 22, 2017 05:50 AM

Banks rev up training to sharpen digital workforce

SINGAPORE banks are putting in more effort and money to bring staff up to speed with new...
PUBLISHED Aug 22, 2017 05:50 AM

Another US warship collision in Asian waters

US Navy destroyer USS John S McCain with damage to its port side, seen off Changi Naval...
PUBLISHED Aug 22, 2017 05:50 AM
NATIONAL DAY RALLY 2017

New pre-school training institute 'a testament to sector's growth'

THE government's decision to establish a centralised institute for early childhood...
PUBLISHED Aug 22, 2017 05:50 AM

STT data centre arm set for next stage of global expansion

AFTER three years of rapid global expansion, ST Telemedia's Global Data Centres (STT...
PUBLISHED Aug 22, 2017 05:50 AM

10 US warship crew missing after collision with tanker off S'pore

TEN sailors remain missing after a US warship collided with an oil tanker east of...
PUBLISHED Aug 22, 2017 05:50 AM

Air cargo growth shows signs of peaking

THE air freight market has rebounded in tandem with improvements in global trade, but...
PUBLISHED Aug 22, 2017 05:50 AM

Use, monetising of data will fuel digital revolution

THE use and monetisation of personal data are important drivers of the ongoing digital...
PUBLISHED Aug 22, 2017 05:50 AM

AGC gets go-ahead to continue contempt of court proceedings against Li Shengwu

THE High Court on Monday gave the Attorney-General's Chambers (AGC) permission to...
PUBLISHED Aug 22, 2017 05:50 AM

US, China share common interest - a stable Asia-Pacific

SINGAPORE is South-east Asia's wealthiest state, a financial centre where some of...
PUBLISHED Aug 22, 2017 05:50 AM

New Guangzhou centre to help Singapore and China firms co-innovate

THE Singapore Manufacturing Innovation Centre (SMIC) - a "one-stop shop" to...
PUBLISHED Aug 22, 2017 05:50 AM

RSAF training at Australia's Pearce Airbase to be extended for another 25 years

THE Republic of Singapore Air Force (RSAF) will train at the Pearce Airbase in Western...
PUBLISHED Aug 22, 2017 05:50 AM

Rare solar eclipse in US draws millions - in person and on screens

MILLIONS of Americans armed with protective glasses took positions along a slender ribbon...
PUBLISHED Aug 22, 2017 05:50 AM

STOCKS

STOCKS

STI slips again as central bankers meet

CAUTIOUS investors with an eye on the US Federal Reserve and ongoing geopolitical...
PUBLISHED Aug 22, 2017 05:50 AM

Brokers' take

Avi-Tech enjoyed a strong Q4 FY17, with net profit after tax surging 62 per cent year-on-...
PUBLISHED Aug 22, 2017 05:50 AM
CURRENCIES

Euro bounces; markets wary as bankers meet

With very little in the way of top-tier economic data, market watchers are focused on the...
PUBLISHED Aug 22, 2017 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Market conditions seem ripe for fixed-for-life perpetuals

THE warm reception to recent bond issues with low-ish coupons shows that investors seem...
PUBLISHED Aug 22, 2017 05:50 AM

Tee International buyout fails to pull through at scheme meeting

BY a narrow margin of votes, TEE International's proposed scheme of arrangement...
PUBLISHED Aug 22, 2017 05:50 AM

Evergrande reclaims property crown from Vanke

AN UNEXPLAINED share surge for developer China Evergrande Group on Monday saw the company...
PUBLISHED Aug 22, 2017 05:50 AM

Ellipsiz sells probe card business for S$88.3m

IN A move that will significantly boost its cash reserves, mainboard-listed probe card...
PUBLISHED Aug 22, 2017 05:50 AM

Ezra unit EOL back in US$43.03m put option wrangle with Perisai

THE offshore support vessel (OSV) unit of beleaguered group Ezra Holdings is seeking...
PUBLISHED Aug 22, 2017 05:50 AM

CWG International acquires land in Jiangsu and Anhui

REAL estate group CWG International on Monday announced that it has been successful in...
PUBLISHED Aug 22, 2017 05:50 AM
COMMENTARY

Trading floors send hopeful signs on disruption

TRADITION can buy some livelihoods time in their battle with technology. That is one...
PUBLISHED Aug 22, 2017 05:50 AM
STOCKS

STI slips again as central bankers meet

CAUTIOUS investors with an eye on the US Federal Reserve and ongoing geopolitical...
PUBLISHED Aug 22, 2017 05:50 AM

Brokers' take

Avi-Tech enjoyed a strong Q4 FY17, with net profit after tax surging 62 per cent year-on-...
PUBLISHED Aug 22, 2017 05:50 AM
CURRENCIES

Euro bounces; markets wary as bankers meet

With very little in the way of top-tier economic data, market watchers are focused on the...
PUBLISHED Aug 22, 2017 05:50 AM

Serial System taps China demand for king of fruits

DURIANS are in season and, it seems, for Serial System too. The electronics component...
PUBLISHED Aug 22, 2017 05:50 AM

Unintended results of Europe's MiFID: job losses, trading turmoil?

WITH the start of Europe's MiFID II rules less than five months away, banks and...
PUBLISHED Aug 22, 2017 05:50 AM

Corporate digest

THE Israel-based medtech incubator has, together with Chinese private-equity firm...
PUBLISHED Aug 22, 2017 05:50 AM

Foreign issuers bring change to Japan's bond market practices

JAPAN'S growing appetite for overseas bonds is raising a debate over the role of...
PUBLISHED Aug 22, 2017 05:50 AM

REAL ESTATE

CWG International acquires land in Jiangsu and Anhui

REAL estate group CWG International on Monday announced that it has been successful in...
PUBLISHED Aug 22, 2017 05:50 AM

HK property investors go trophy hunting in London despite Brexit

CHINESE investment in London commercial property has more than trebled since before...
PUBLISHED Aug 22, 2017 05:50 AM

Headwinds keep London house prices in check

LONDON property sellers are reining in their expectations as demand for homes continues...
PUBLISHED Aug 22, 2017 05:50 AM

China Overseas posts highest half-year profit

STATE-OWNED China Overseas Land & Investment posted a 26 per cent rise in first-half...
PUBLISHED Aug 22, 2017 05:50 AM

Big Ben goes silent; time for some facts

A CHERISHED British icon, Big Ben, has fallen silent from Monday for repairs expected to...
PUBLISHED Aug 22, 2017 05:50 AM

Normanton Park on sale with S$800m reserve price

THE tender for the collective sale of Normanton Park, near Science Park and Kent Ridge...
PUBLISHED Aug 22, 2017 05:50 AM

BANKING & FINANCE

India poised for IPO record as insurers rush to ride rally

INDIAN initial public offerings are headed for a record year, as a rush of insurers seek...
PUBLISHED Aug 22, 2017 05:50 AM

Weak ringgit foils PNB bid to hold less cash

MALAYSIA'S largest state-owned fund manager is looking to hold less cash even as it...
PUBLISHED Aug 22, 2017 05:50 AM

Westpac repossessions up 10% on downturn in mining states

RISING mortgage delinquencies and repossessions in outback mining towns are starting to...
PUBLISHED Aug 22, 2017 05:50 AM

Euro gains seen to be Russian bonds' Achilles heel

SANCTIONS from the US have taken a toll on Russia's local debt, but a bigger threat...
PUBLISHED Aug 22, 2017 05:50 AM

ENERGY & COMMODITIES

Asian steel looking strong as China cuts excess capacity

THE trade friction between Beijing and Washington caused by China's alleged dumping...
PUBLISHED Aug 22, 2017 05:50 AM

Fortescue to pay record dividend as miner's profit doubles

WORLD number four iron ore miner Fortescue Metals Group said on Monday that it will pay a...
PUBLISHED Aug 22, 2017 05:50 AM

TECHNOLOGY

Digital giants in royal rumble over TV turf

APPLE has more than US$1 billion budgeted for original programming; Facebook wants its...
PUBLISHED Aug 22, 2017 05:50 AM

Sinovation bets big on AI in line with China's aim to lead the world

FOR years, Lee Kai Fu would share his venture capital firm's office space in Beijing...
PUBLISHED Aug 22, 2017 05:50 AM

Ban killer robots, tech leaders urge UN

ELON Musk is leading demands for a global ban on killer robots, warning that...
PUBLISHED Aug 22, 2017 05:50 AM

CONSUMER

Estee Lauder shares jump as profit forecast exceeds expectations

ESTEE Lauder Cos, the seven-decade-old cosmetics company, is getting a pay-off from its...
PUBLISHED Aug 22, 2017 05:50 AM

Samsung Bioepis partners Takeda to develop original biotech drugs

SAMSUNG Bioepis Co Ltd said on Monday that it will fund and develop multiple original...
PUBLISHED Aug 22, 2017 05:50 AM

Novartis begins trial of new antimalarial drug

NOVARTIS is taking aim at drug-resistant malaria - a growing global problem - by...
PUBLISHED Aug 22, 2017 05:50 AM

TRANSPORT

Ezra unit EOL back in US$43.03m put option wrangle with Perisai

THE offshore support vessel (OSV) unit of beleaguered group Ezra Holdings is seeking...
PUBLISHED Aug 22, 2017 05:50 AM

China's Great Wall confirms interest in buying Fiat Chrysler

CHINA'S Great Wall Motor Co Ltd is interested in bidding for Fiat Chrysler...
PUBLISHED Aug 22, 2017 05:50 AM

Digital transformation key for S'pore aerospace

THE digital transformation journey for Singapore's aerospace industry will be...
PUBLISHED Aug 22, 2017 05:50 AM

HNA Group completes acquisition of 16.2% stake in Dufry from GIC, Temasek

CHINESE conglomerate HNA Group has completed the acquisition of a 16.2 per cent stake in...
PUBLISHED Aug 22, 2017 05:50 AM

Garuda unit set for Indonesia's biggest share sale in a year

PT Garuda Maintenance Facility AeroAsia, a unit of national carrier PT Garuda Indonesia,...
PUBLISHED Aug 22, 2017 05:50 AM

Saudi plane for Qatari pilgrims stays grounded amid diplomatic tiff

SAUDI Arabia's state carrier said on Sunday that it had been unable to send planes...
PUBLISHED Aug 22, 2017 05:50 AM

GOVERNMENT & ECONOMY

Lack of quality education hindering Vietnam's middle-income ambitions

NGUYEN Van Duc graduated two years ago with a bachelor's degree in economics from...
PUBLISHED Aug 22, 2017 05:50 AM

Malaysia car sales remain depressed

ROBUST GDP (gross domestic product) numbers notwithstanding, Malaysia's once vibrant...
PUBLISHED Aug 22, 2017 05:50 AM

US business economists fret over Trump policy agenda

US business economists worry about the prospects for President Donald Trump's policy...
PUBLISHED Aug 22, 2017 05:50 AM

Optimism among Japan manufacturers highest in a decade

CONFIDENCE at Japanese manufacturers rose to its highest level in a decade in August, led...
PUBLISHED Aug 22, 2017 05:50 AM

Reservations over pace as 1st round of Nafta talks end

THE United States, Canada and Mexico wrapped up their first round of talks on Sunday to...
PUBLISHED Aug 22, 2017 05:50 AM

German growth could top expectations this year: Bundesbank

THE German economy could grow faster this year than earlier expected on the back of...
PUBLISHED Aug 22, 2017 05:50 AM
COMMENTARY

Europe's central bank should not lose too much sleep over the euro

EUROPE is getting back in the game, and the world economy is all the better for it. The...
PUBLISHED Aug 22, 2017 05:50 AM

Thailand's Q2 growth rides on strong exports to beat forecast

THAILAND'S economy capped a solid performance for South-east Asia in the second...
PUBLISHED Aug 22, 2017 05:50 AM
TURKEY-SINGAPORE FTA

Turkey presents opportunities for Singapore: Iswaran

TURKEY is a promising and dynamic market which presents opportunities for Singapore...
PUBLISHED Aug 22, 2017 05:50 AM

US$64b overseas spending spree by Turkish firms seen

ROBERT Yuksel Yildirim had barely been at the family's construction-materials...
PUBLISHED Aug 22, 2017 05:50 AM

Women, diversity behind Calbee's granola success

CALBEE Inc's granola snack had been around for 20 years, with no real change to its...
PUBLISHED Aug 22, 2017 05:50 AM
EDITORIAL

A China-India armed conflict over Doklam would be bad for all and sundry

IT is now more than two months since the Sino-Indian border stand-off in the Doklam...
PUBLISHED Aug 22, 2017 05:50 AM

LIFE & CULTURE

Silicon Valley flocks to hydrofoiling

WHAT happens in the San Francisco Bay every Thursday night does not look real or even...
PUBLISHED Aug 22, 2017 05:50 AM

Comedy legend Jerry Lewis dies at 91

VETERAN Hollywood comedian Jerry Lewis, who died on Sunday, perfected a goofy brand of...
PUBLISHED Aug 22, 2017 05:50 AM

US comedian, activist Dick Gregory dies at 84

US comedian and civil rights activist Dick Gregory, who broke barriers as a performer in...
PUBLISHED Aug 22, 2017 05:50 AM

SME

Mum's at the office - and so are the kids

IT'S time to call it a day. Laptops are powered down and parents get ready to spend...
PUBLISHED Aug 22, 2017 05:50 AM

Keeping the print business thriving in a digital age

IN THE new digital age, the changing consumer habits and rapid growth of e-commerce...
PUBLISHED Aug 22, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

Market conditions seem ripe for fixed-for-life perpetuals

THE warm reception to recent bond issues with low-ish coupons shows that investors seem...
PUBLISHED Aug 22, 2017 05:50 AM
EDITORIAL

A China-India armed conflict over Doklam would be bad for all and sundry

IT is now more than two months since the Sino-Indian border stand-off in the Doklam...
PUBLISHED Aug 22, 2017 05:50 AM

Trump is still in; but Trumpism may be out

BEFORE leaving Washington for three weeks of overseas travel and vacation, I emailed my...
PUBLISHED Aug 22, 2017 05:50 AM
THE BOTTOM LINE

Trump is right to challenge China on trade

THERE is much to dislike in US President Donald Trump's trade agenda, but he is...
PUBLISHED Aug 22, 2017 05:50 AM

Behold, blockchain

WHAT do DarkCoin, virtual islands and an unhackable digital ledger have in common, other...
PUBLISHED Aug 22, 2017 05:50 AM
COMMENTARY

Britain is playing catch-up with Brussels over Brexit

THE UK government on Monday raised the tempo over Brexit talks with the release of the...
PUBLISHED Aug 22, 2017 05:50 AM
COMMENTARY

Asian utilities need to wake up to limitations of new coal

BETWEEN 2005 and 2008, European utilities were determined to embark on a major coal-plant...
PUBLISHED Aug 22, 2017 05:50 AM
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