Tuesday, Nov 07, 2017

TOP STORIES

Singapore banks may be past worst of O&G battering

WITH DBS taking a huge provision for its oil-and-gas (O&G) exposure in the third...
PUBLISHED Nov 7, 2017 05:50 AM

Soilbuild, Super families to help refloat Marco Polo

TWO families behind household names in real estate and the consumer-goods sectors,...
PUBLISHED Nov 7, 2017 05:50 AM

DBS misses profit target as O&G inflicts fresh deep wounds

STRONG business momentum helped push DBS Group Holdings' Q3 income to a quarterly...
PUBLISHED Nov 7, 2017 05:50 AM

Visitor arrivals, spend up in 1H; uptrend likely to continue

IN another boost to the economy, tourism receipts and visitor arrivals both grew in the...
PUBLISHED Nov 7, 2017 05:50 AM
S'PORE FINTECH FESTIVAL 2017 COUNTDOWN

Citi harnesses tech that helps people do the right thing

BE GOOD. Two words with a simple message but yet have a profound impact on how the world...
PUBLISHED Nov 7, 2017 05:50 AM

Millions of leaked files shine light on where the elite hide their money

IT IS called the Paradise Papers: the latest in a series of leaks made public by the...
PUBLISHED Nov 7, 2017 05:50 AM

Da Nang gears up for high-level Apec meeting

FAMED for its tranquil beaches and verdant national parks, Vietnam's coastal city of...
PUBLISHED Nov 7, 2017 05:50 AM

Citigroup faces Saudi setback with arrest of billionaire backer

CITIGROUP Inc may face new obstacles to rebuilding its Saudi Arabia business after the...
PUBLISHED Nov 7, 2017 05:50 AM

Smartkarma raises US$13 million for overseas expansion

SINGAPORE-based Smartkarma, a subscription-based marketplace for investment research, has...
PUBLISHED Nov 7, 2017 05:50 AM

Kishore Mahbubani to retire as Dean of LKY School

KISHORE Mahbubani, the founding Dean and professor in the Practice of Public Policy at...
PUBLISHED Nov 7, 2017 05:50 AM

STOCKS

STOCKS

Singapore stocks get the blues

THEY do not call it Monday blues for nothing. Now, the local market would be a classic...
PUBLISHED Nov 7, 2017 05:50 AM

Brokers' take

KSH's current share price of S$0.89 has surpassed our target price of S$0.87 by 2.2...
PUBLISHED Nov 7, 2017 05:50 AM
CURRENCIES

Caution sets in after US dollar's best weekly rise

THE US dollar steadied on Monday after posting its biggest weekly rise so far this year...
PUBLISHED Nov 7, 2017 05:50 AM
HOT STOCK

Venture Corp up almost 14% after Q3 results leave analysts scrambling

SHARES of Venture Corp skyrocketed 13.94 per cent yesterday, after third quarter earnings...
PUBLISHED Nov 7, 2017 05:50 AM

COMPANIES & MARKETS

Cogent minorities unhappy with Cosco's offer

COSCO Shipping International's S$488 million cash takeover bid for Cogent Holdings...
PUBLISHED Nov 7, 2017 05:50 AM

Ascendas Hospitality Trust Q2 DPS up 2.9%

ASCENDAS Hospitality Trust (A-HTrust) posted on Monday a 2.9 per cent increase in its...
PUBLISHED Nov 7, 2017 05:50 AM

BreadTalk's Q3 profit rises 22.2% on lower expenses

BREADTALK Group posted a 22.2 per cent increase in third quarter earnings to S$4 million...
PUBLISHED Nov 7, 2017 05:50 AM

Genting Singapore's Q3 profit gets a boost from VIP business

GENTING Singapore's net profit attributable to ordinary shareholders jumped 35 per...
PUBLISHED Nov 7, 2017 05:50 AM
STOCKS

Singapore stocks get the blues

THEY do not call it Monday blues for nothing. Now, the local market would be a classic...
PUBLISHED Nov 7, 2017 05:50 AM

Brokers' take

KSH's current share price of S$0.89 has surpassed our target price of S$0.87 by 2.2...
PUBLISHED Nov 7, 2017 05:50 AM
CURRENCIES

Caution sets in after US dollar's best weekly rise

THE US dollar steadied on Monday after posting its biggest weekly rise so far this year...
PUBLISHED Nov 7, 2017 05:50 AM
HOCK LOCK SIEW

S'pore corporates need more innovative boards

EVERY now and then, corporates would make the sort of announcement familiar to all...
PUBLISHED Nov 7, 2017 05:50 AM

Hi-P International's Q3 profit up 24.9%

MAINBOARD-LISTED Hi-P International Limited posted on Monday an increase of 24.9 per cent...
PUBLISHED Nov 7, 2017 05:50 AM
HOT STOCK

Venture Corp up almost 14% after Q3 results leave analysts scrambling

SHARES of Venture Corp skyrocketed 13.94 per cent yesterday, after third quarter earnings...
PUBLISHED Nov 7, 2017 05:50 AM

Vallianz posts more than 400% jump in Q2 earnings to S$5.2m

HIGHER operating profits helped send earnings soaring by more than 400 per cent at...
PUBLISHED Nov 7, 2017 05:50 AM

Corporate digest

MALAYSIAN gold miner CNMC Goldmine Holdings has completed the construction of its carbon-...
PUBLISHED Nov 7, 2017 05:50 AM

Olayan family puts Saudi IPO plans on hold; decision predates anti-corruption purge

THE Olayan family, which runs one of Saudi Arabia's biggest conglomerates, is...
PUBLISHED Nov 7, 2017 05:50 AM

GIC, Australia's Vicinity Centres to swap Sydney shopping mall, CBD assets

SINGAPORE'S sovereign wealth fund GIC and Australian property group Vicinity Centres...
PUBLISHED Nov 7, 2017 05:50 AM

StarHub and ST Kinetic roll out laundry robots in hotels

ROBOTS transporting dirty linen from guest rooms to a laundry collection point could soon...
PUBLISHED Nov 7, 2017 05:50 AM

REAL ESTATE

Ascendas Hospitality Trust Q2 DPS up 2.9%

ASCENDAS Hospitality Trust (A-HTrust) posted on Monday a 2.9 per cent increase in its...
PUBLISHED Nov 7, 2017 05:50 AM

GIC, Australia's Vicinity Centres to swap Sydney shopping mall, CBD assets

SINGAPORE'S sovereign wealth fund GIC and Australian property group Vicinity Centres...
PUBLISHED Nov 7, 2017 05:50 AM

Recent en bloc sales do not mean higher prices: Lawrence Wong

THE recent spate of en-bloc sales will not necessarily translate to higher prices,...
PUBLISHED Nov 7, 2017 05:50 AM

New UK property rental website cuts out role of letting agents, fees

HOMERENTER, a new British online property lettings website backed by newspaper publisher...
PUBLISHED Nov 7, 2017 05:50 AM

Jervois Green up for sale by tender for S$48m

FREEHOLD apartment block Jervois Green goes up for sale by tender today, hot on the heels...
PUBLISHED Nov 7, 2017 05:50 AM

Australian realtor McGrath issues profit warning as new rules curb Chinese interest

AUSTRALIA'S only listed realtor, McGrath, issued a profit warning on Monday that...
PUBLISHED Nov 7, 2017 05:50 AM

BANKING & FINANCE

Westpac posts weaker-than-forecast profit

WESTPAC Banking Corp posted a lower than expected three per cent rise in annual cash...
PUBLISHED Nov 7, 2017 05:50 AM

Japan's smaller banks turn to deal-making as loans business dips

THE grim outlook for Japan's smaller regional banks, which are suffering as Japan...
PUBLISHED Nov 7, 2017 05:50 AM

China offers perks to boost lending to small firms

CHINA will exempt banks' interest income from loans to small firms and rural...
PUBLISHED Nov 7, 2017 05:50 AM

Regulation reins in China's shadow banking

CHINA'S shadow banking sector, estimated by some analysts to be worth 122.8 trillion...
PUBLISHED Nov 7, 2017 05:50 AM

ENERGY & COMMODITIES

Brazil eats into US soybean market share in China

BRAZIL is expected to win a larger share of China's soybean imports in the coming...
PUBLISHED Nov 7, 2017 05:50 AM

Saudi energy services firm Arkad forms joint venture with ABB

SAUDI energy services company Arkad, which is building a nationwide pipeline network for...
PUBLISHED Nov 7, 2017 05:50 AM

Kobe Steel execs will decide whether to resign after external probe: sources

KOBE Steel executives, including company president Hiroya Kawasaki, will decide whether...
PUBLISHED Nov 7, 2017 05:50 AM

Abu Dhabi solar plant 'well on track' to start in 2019

THE world's biggest photovoltaic solar plant is set to start operating by April 2019...
PUBLISHED Nov 7, 2017 05:50 AM

TECHNOLOGY

StarHub and ST Kinetic roll out laundry robots in hotels

ROBOTS transporting dirty linen from guest rooms to a laundry collection point could soon...
PUBLISHED Nov 7, 2017 05:50 AM

Softbank Q3 profit tops forecasts; its US Sprint unit faces uncertainty

SOFTBANK Group Corp reported quarterly profit that topped analysts' estimates, as...
PUBLISHED Nov 7, 2017 05:50 AM

Softbank CEO has hard choices to make on Sprint after failure of merger talks

MASAYOSHI Son, celebrated Japanese dealmaker, just negotiated himself into a corner.
PUBLISHED Nov 7, 2017 05:50 AM

CONSUMER

StarHub and ST Kinetic roll out laundry robots in hotels

ROBOTS transporting dirty linen from guest rooms to a laundry collection point could soon...
PUBLISHED Nov 7, 2017 05:50 AM

S Koreans hope for revival at China's biggest trade fair

A PALM-SIZED, monkey-shaped novelty tea-infuser could be Jeoung Young-min's ticket...
PUBLISHED Nov 7, 2017 05:50 AM

NetEase to spend US$11 billion on goods for Kaola e-commerce unit

NETEASE INC, China's second-largest video game publisher, is deepening a push into e...
PUBLISHED Nov 7, 2017 05:50 AM

Johnson & Johnson's Stelara shows promise against lupus in study

JOHNSON & Johnson's blockbuster psoriasis drug Stelara led to a significant...
PUBLISHED Nov 7, 2017 05:50 AM

TRANSPORT

Qatar Air buys 9.6% Cathay Pacific stake for HK$5.2b

QATAR Airways agreed to acquire a stake in Cathay Pacific Airways, a deal that would help...
PUBLISHED Nov 7, 2017 05:50 AM

Subaru disappoints with Q2 profit, cuts annual forecast

JAPAN'S Subaru Corp on Monday reported a disappointing operating profit for the...
PUBLISHED Nov 7, 2017 05:50 AM

MPA revokes third bunker supplier's licence

THE Maritime and Port Authority of Singapore (MPA) on Monday revoked the licence of yet...
PUBLISHED Nov 7, 2017 05:50 AM

Cosco Shipping Ports to build container freight station in Abu Dhabi

ABU Dhabi Ports has awarded China's Cosco Shipping Ports Ltd a contract to build a...
PUBLISHED Nov 7, 2017 05:50 AM

Fuel-guzzling yacht industry takes the plunge into hybrid technology

EVEN the diesel-guzzling yacht industry is exploring hybrid engine technology. Luxury...
PUBLISHED Nov 7, 2017 05:50 AM

Airbus stalwart Leahy to stay on till next month when successor is found

AIRBUS's long-serving sales chief John Leahy plans to stay on until a successor is...
PUBLISHED Nov 7, 2017 05:50 AM

GOVERNMENT & ECONOMY

Trump to Japan: Buy US arms to protect yourself

US President Donald Trump said on Monday that Japan could protect itself from a nuclear-...
PUBLISHED Nov 7, 2017 05:50 AM

Malaysia to liberalise bond market to draw retail investors

MALAYSIA will liberalise regulation around bond issuance early next year to boost retail...
PUBLISHED Nov 7, 2017 05:50 AM

Indonesian economy still sluggish despite interest rate cuts

INDONESIA'S economy grew slightly more slowly than expected in the third quarter...
PUBLISHED Nov 7, 2017 05:50 AM

Eurozone PMIs point to Q4 GDP growth of 0.6-0.7 %

THE eurozone's economy is on track for a strong finish to 2017 and firms are passing...
PUBLISHED Nov 7, 2017 05:50 AM

MPA revokes third bunker supplier's licence

THE Maritime and Port Authority of Singapore (MPA) on Monday revoked the licence of yet...
PUBLISHED Nov 7, 2017 05:50 AM

LIFE & CULTURE

How Michelangelo finally got his due

THERE are more than 130 Michelangelo drawings in the exhibition opening next week at the...
PUBLISHED Nov 7, 2017 05:50 AM

The Lion King roars into 20th year as Elton John hits the high note

THE top grossing Broadway musical of all time - The Lion King - celebrated its 20th...
PUBLISHED Nov 7, 2017 05:50 AM

SME

Network Courier ramps up services with Rapido

NETWORK Courier is shaking off its image as a traditional courier service provider, with...
PUBLISHED Nov 7, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

S'pore corporates need more innovative boards

EVERY now and then, corporates would make the sort of announcement familiar to all...
PUBLISHED Nov 7, 2017 05:50 AM
EDITORIAL

Trump's Asian tour an opportunity to boost US engagement with the region

US president Donald Trump's 12-day trip to Asia, covering five countries - the...
PUBLISHED Nov 7, 2017 05:50 AM

The problem with 'the will of the people'

IN the early 1990s, as remnants of the Berlin Wall were transformed into a tourist...
PUBLISHED Nov 7, 2017 05:50 AM
THE BOTTOM LINE

Welcome to the Powell Fed

IT will be Powell's Fed...
PUBLISHED Nov 7, 2017 05:50 AM

A road worth travelling for Singapore businesses

CHINA'S Belt and Road Initiative (BRI) is an ambitious undertaking that has the...
PUBLISHED Nov 7, 2017 05:50 AM

Asean needs to embrace fourth industrial revolution

WHEN the leaders of the Association of Southeast Asian Nations (Asean) gather for their...
PUBLISHED Nov 7, 2017 05:50 AM

UK economy not ready for rate rise

FOR once, the Bank of England followed through on its signal to markets, raising interest...
PUBLISHED Nov 7, 2017 05:50 AM
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