Tuesday, Oct 10, 2017

TOP STORIES

CDL moves to take M&C private

THE market had speculated about it for years, and on Monday, Singapore-listed CDL finally...
PUBLISHED Oct 10, 2017 05:50 AM

Two mixed-use developments up for en bloc sale

THE en bloc train steams ahead with another two projects jumping on the collective sale...
PUBLISHED Oct 10, 2017 05:50 AM

MAS issues stern money laundering warning; Jakarta starts StanChart probe

THE Monetary Authority of Singapore (MAS) on Monday declared its firm commitment to...
PUBLISHED Oct 10, 2017 05:50 AM

Markets hold their breath; hope Catalonia will step back from brink

THE euro, Spanish and European stock markets hardly moved on Monday, in the hope that...
PUBLISHED Oct 10, 2017 05:50 AM
NEWS ANALYSIS

Reading MAS's policy moves: It's all in the choice of words

ALL eyes will be on whether Singapore's central bank, the Monetary Authority of...
PUBLISHED Oct 10, 2017 05:50 AM

OCBC, StarHub launch S$6m 'We Economy' tie-up

THE "We Economy" could finally be taking off in Singapore. Part of the new...
PUBLISHED Oct 10, 2017 05:50 AM

MAS chief makes push for fintech tie-ups in blockchain

RAVI MENON, Monetary Authority of Singapore's (MAS) managing director, said on...
PUBLISHED Oct 10, 2017 05:50 AM

SingPost Centre delivers mail, mall and more

ONE-STOP lifestyle destination SingPost Centre re-opened on Monday, after having grown...
PUBLISHED Oct 10, 2017 05:50 AM

S-E Asian startup Sea aims to raise US$696 million in US IPO

SEA Ltd, South-east Asia's most valuable startup that's known for its Garena...
PUBLISHED Oct 10, 2017 05:50 AM

Competition watchdog raises concerns over Wilhelmsen-Drew deal

THE Competition Commission of Singapore (CCS) has raised concerns over the proposed...
PUBLISHED Oct 10, 2017 05:50 AM

China Railway Tunnel wins contract for Prince Edward station, tunnels

THE Land Transport Authority (LTA) has awarded the S$310.8 million civil contract for...
PUBLISHED Oct 10, 2017 05:50 AM

Amazon faces uphill struggle in S'pore from malls and Alibaba

AS Amazon.com Inc. pushes into South-east Asia with a new venture into Singapore, the...
PUBLISHED Oct 10, 2017 05:50 AM

STOCKS

HOT STOCKS

KOP shoots up on news of Sam Goi taking 20% stake

SHARES in KOP Ltd surged as much as 23 per cent in price to S$0.096 on Monday on news of...
PUBLISHED Oct 10, 2017 05:50 AM

Sembmarine shares buoyed by US$1.3b sale of jack-up rigs

SEMBCORP Marine's share price rose on expectations that the US$1.3 billion sale of...
PUBLISHED Oct 10, 2017 05:50 AM

Brokers' take

Sembcorp Marine announced on Friday that PPL Shipyard has signed agreements for the sale...
PUBLISHED Oct 10, 2017 05:50 AM
STOCKS

STI touches 3,300 points, then flinches

SINGAPORE stocks finished unchanged on Monday, with the benchmark Straits Times Index (...
PUBLISHED Oct 10, 2017 05:50 AM
CURRENCIES

US dollar nears 10-week high on rate-hike bets

THE dollar steadied close to its highest level in ten weeks on Monday, with strong US...
PUBLISHED Oct 10, 2017 05:50 AM

COMPANIES & MARKETS

HOT STOCKS

KOP shoots up on news of Sam Goi taking 20% stake

SHARES in KOP Ltd surged as much as 23 per cent in price to S$0.096 on Monday on news of...
PUBLISHED Oct 10, 2017 05:50 AM

Sembmarine shares buoyed by US$1.3b sale of jack-up rigs

SEMBCORP Marine's share price rose on expectations that the US$1.3 billion sale of...
PUBLISHED Oct 10, 2017 05:50 AM

Corporate digest

GLOBAL Logistic Properties (GLP) and its offeror are aiming to take the company private...
PUBLISHED Oct 10, 2017 05:50 AM
HOCK LOCK SIEW

Cryptocurrency fracas spotlights risks in opaque space

NEWS this month that at least one cryptocurrency firm has had its Singapore banking...
PUBLISHED Oct 10, 2017 05:50 AM

Alliance Mineral CEO: Better terms in latest agreement with Burwill

CATALIST-LISTED Alliance Mineral Assets Ltd got much better terms in its recently...
PUBLISHED Oct 10, 2017 05:50 AM

Noble responds to SGX queries on sale of gas and power unit

CHANGES in working capital and amounts placed in escrow led commodity trader Noble Group...
PUBLISHED Oct 10, 2017 05:50 AM

Still shedding assets but worst is over: Tat Hong CEO

CRANE supplier Tat Hong Holdings is still selling assets but the worst is over, chief...
PUBLISHED Oct 10, 2017 05:50 AM

SPH Reit's distribution per unit up 0.7% for Q4

SPH Reit chalked up a 0.7 per cent increase in distribution per unit (DPU) for the fourth...
PUBLISHED Oct 10, 2017 05:50 AM

Troubled China Sky eyes revamp via reverse takeover

CHINA Sky Chemical Fibre Co Ltd is looking to restructure via a reverse takeover even as...
PUBLISHED Oct 10, 2017 05:50 AM

Temasek's Vertex Ventures raises US$210m for South-east Asian deals

VERTEX Ventures, the venture capital arm of Temasek Holdings Pte, has completed its...
PUBLISHED Oct 10, 2017 05:50 AM

Brokers' take

Sembcorp Marine announced on Friday that PPL Shipyard has signed agreements for the sale...
PUBLISHED Oct 10, 2017 05:50 AM
STOCKS

STI touches 3,300 points, then flinches

SINGAPORE stocks finished unchanged on Monday, with the benchmark Straits Times Index (...
PUBLISHED Oct 10, 2017 05:50 AM
CURRENCIES

US dollar nears 10-week high on rate-hike bets

THE dollar steadied close to its highest level in ten weeks on Monday, with strong US...
PUBLISHED Oct 10, 2017 05:50 AM

REAL ESTATE

HOT STOCKS

KOP shoots up on news of Sam Goi taking 20% stake

SHARES in KOP Ltd surged as much as 23 per cent in price to S$0.096 on Monday on news of...
PUBLISHED Oct 10, 2017 05:50 AM

SPH Reit's distribution per unit up 0.7% for Q4

SPH Reit chalked up a 0.7 per cent increase in distribution per unit (DPU) for the fourth...
PUBLISHED Oct 10, 2017 05:50 AM

KL banks deny being tightfisted with home buyers

IN the continuing dispute over the accessibility of home loans in Malaysia, the country...
PUBLISHED Oct 10, 2017 05:50 AM

Trump's Scotland golf clubs lost US$24m in 2016

US President Donald Trump's two name-branded golf courses in Scotland lost more than...
PUBLISHED Oct 10, 2017 05:50 AM

Vertical Forest taking root around the world

AS balconies bristle with tree branches and sunshine dapples the leaves of thousands of...
PUBLISHED Oct 10, 2017 05:50 AM

Accor bids A$1.18b for Mantra

FRANCE'S Accor has bid A$1.18 billion (S$1.25 billion) for Mantra Group, a deal that...
PUBLISHED Oct 10, 2017 05:50 AM

BANKING & FINANCE

Bond party set to cool in India as inflation, fiscal risks loom

THE bull run in Indian sovereign bonds is petering out as accelerating inflation and the...
PUBLISHED Oct 10, 2017 05:50 AM

French bankers facing pressure to return home amid Brexit fears

WHILE most London-based bankers are brushing up on their German to prepare for a move to...
PUBLISHED Oct 10, 2017 05:50 AM

Reading PBOC signals takes 'mosaic approach': Goldman Sachs

CHINA'S central bank could adjust monetary policy again in the coming months, in...
PUBLISHED Oct 10, 2017 05:50 AM

ENERGY & COMMODITIES

China steel rises as winter cuts loom; iron ore and coal slide

SHANGHAI steel rebar futures jumped nearly 3 per cent on Monday as Chinese markets...
PUBLISHED Oct 10, 2017 05:50 AM

Opec: 'extraordinary' steps needed for market stability in 2018

OIL producers are succeeding in re-balancing an oversupplied market, though they may need...
PUBLISHED Oct 10, 2017 05:50 AM

Buyers eye Sinopec's troubled Argentina oil assets

ADVISERS to China's Sinopec have offered its oil assets in Argentina to about a...
PUBLISHED Oct 10, 2017 05:50 AM

TECHNOLOGY

HOCK LOCK SIEW

Cryptocurrency fracas spotlights risks in opaque space

NEWS this month that at least one cryptocurrency firm has had its Singapore banking...
PUBLISHED Oct 10, 2017 05:50 AM

TSMC ready to spend US$20b on its most advanced chip plant

IT'S GETTING more expensive for Taiwan Semiconductor Manufacturing Co to stay at the...
PUBLISHED Oct 10, 2017 05:50 AM

Russians in Silicon Valley can't shake off shadow of computer hacking

PAVEL Cherkashin, a Russian investor based in San Francisco, thought he had the perfect...
PUBLISHED Oct 10, 2017 05:50 AM

CONSUMER

Singapore brands lack support from local consumers: study

A STUDY has found that about one-tenth of consumers in Singapore prefer local brands in...
PUBLISHED Oct 10, 2017 05:50 AM

Big pharma gets a boost as China speeds up new drug approvals

FOR decades, Chinese patients have struggled to gain access to cutting edge medicines...
PUBLISHED Oct 10, 2017 05:50 AM

TRANSPORT

SilkAir to take over Scoot's Yangon flights

SILKAIR will be taking over flights to Yangon, Myanmar, that are currently operated five...
PUBLISHED Oct 10, 2017 05:50 AM

Thai airline shares take off after country clears aviation safety hurdle

THE UN International Civil Aviation Organization (ICAO) has removed a red flag against...
PUBLISHED Oct 10, 2017 05:50 AM

Psst, want to buy a private jet at half price?

CORPORATE-jet makers are flooding the market, spurring deep discounts for new aircraft...
PUBLISHED Oct 10, 2017 05:50 AM

GOVERNMENT & ECONOMY

Growth of China's services sector falls to 21-month low in Sept

BUSINESS activity in China's services sector grew at its slowest pace in 21 months...
PUBLISHED Oct 10, 2017 05:50 AM

India faces dampened demand, stagnant lending, slowing growth

CONSUMPTION was India's big story. Its 1.3 billion population was expected to guzzle...
PUBLISHED Oct 10, 2017 05:50 AM
EDITORIAL

A coordinating institution to give impetus to OBOR is needed

CHINA'S President Xi Jinping's "One Belt, One Road" (OBOR) project to...
PUBLISHED Oct 10, 2017 05:50 AM

IMF and World Bank meetings? Don't bother

IF you want to know how the global economy is doing, what the risks to the financial...
PUBLISHED Oct 10, 2017 05:50 AM

Industrial manufacturers must extract more value from digital innovation

THE world has become digitally connected to the point of no return, which means that...
PUBLISHED Oct 10, 2017 05:50 AM

LIFE & CULTURE

Front row seats at US$998 for Hello, Dolly!

BROADWAY is breaking another price barrier.
PUBLISHED Oct 10, 2017 05:50 AM

'Nudge' theorist wins Nobel prize

AMERICAN economist Richard Thaler won the 2017 Nobel Economics Prize for his...
PUBLISHED Oct 10, 2017 05:50 AM

Blade Runner sequel stumbles at US box office

THE expensive science-fiction sequel Blade Runner 2049 collapsed at the North American...
PUBLISHED Oct 10, 2017 05:50 AM

SME

V3 adds its smarts for a smart nation

V3 Smart Technologies may not be a household name yet, but you may have either come...
PUBLISHED Oct 10, 2017 05:50 AM

Industrial manufacturers must extract more value from digital innovation

THE world has become digitally connected to the point of no return, which means that...
PUBLISHED Oct 10, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

Cryptocurrency fracas spotlights risks in opaque space

NEWS this month that at least one cryptocurrency firm has had its Singapore banking...
PUBLISHED Oct 10, 2017 05:50 AM
EDITORIAL

A coordinating institution to give impetus to OBOR is needed

CHINA'S President Xi Jinping's "One Belt, One Road" (OBOR) project to...
PUBLISHED Oct 10, 2017 05:50 AM

Realpolitik lessons amid self-determination ideals

LET us imagine creating an Intelligent Agent (IA) which we feed all available information...
PUBLISHED Oct 10, 2017 05:50 AM
THE BOTTOM LINE

The 'spoils society' sows seeds for resentment and discord

THE spoils society is advancing.
PUBLISHED Oct 10, 2017 05:50 AM

IMF and World Bank meetings? Don't bother

IF you want to know how the global economy is doing, what the risks to the financial...
PUBLISHED Oct 10, 2017 05:50 AM
COMMENTARY

The 'Smart' in Smart Nation is also about being more human

IN his 2017 National Day Rally, Prime Minister Lee Hsien Loong underlined Singapore'...
PUBLISHED Oct 10, 2017 05:50 AM
COMMENTARY

A Trump U-turn on Iran will raise trans- Atlantic tensions

DONALD Trump is expected to announce this week whether he will certify Iran as complying...
PUBLISHED Oct 10, 2017 05:50 AM
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