Tuesday, Nov 14, 2017

TOP STORIES

BT EXCLUSIVE

With big data, 'nowcasts' may replace economic forecasts

ECONOMIC forecasting - traditionally a slow and complex undertaking - is on the cusp of a...
PUBLISHED Nov 14, 2017 05:50 AM

PayNow to rope in businesses; S'pore plans for payment links abroad

SINGAPORE'S local and overseas payment systems are getting a big boost with a...
PUBLISHED Nov 14, 2017 05:50 AM

The unhurried lunch returns for brokers

STOCK traders here finally got back their proper lunch break after years of scarfing down...
PUBLISHED Nov 14, 2017 05:50 AM

Noble loses support from DBS, co-CEO resigns

NOBLE Group's survival prospects appear to have turned bleaker, with a key bank...
PUBLISHED Nov 14, 2017 05:50 AM

CIMB reports loss of tapes with customer data; steps up security

MALAYSIA'S second biggest lender CIMB Group said that several magnetic tapes...
PUBLISHED Nov 14, 2017 05:50 AM
ASEAN SUMMIT

Asean must stay credible, united on issues of concern: PM Lee

THE Association of Southeast Asian Nations (Asean) must stay united and credible on...
PUBLISHED Nov 14, 2017 05:50 AM
ASEAN SUMMIT

Vietnam and China agree to back off on conflicts in South China Sea

VIETNAM and China agreed on Monday to back away from conflicts in the South China Sea, in...
PUBLISHED Nov 14, 2017 05:50 AM
SMART FACTORIES

Precision engineering roadmap drives 10 future-ready projects

A ROADMAP to transform Singapore's precision engineering sector and build more smart...
PUBLISHED Nov 14, 2017 05:50 AM
SMART FACTORIES

How to tool up for the future: EDB offers help, free workshops

A NEW set of guidelines has been launched to help manufacturers here build smart...
PUBLISHED Nov 14, 2017 05:50 AM

STOCKS

STOCKS

STI ends flat, dragged by heavyweights

SINGAPORE equities struggled most of Monday to climb new highs despite a strong earnings...
PUBLISHED Nov 14, 2017 05:50 AM

Brokers' take

Although Q3 2017's net profit of S$80.1 million was above our estimate of S$71.5...
PUBLISHED Nov 14, 2017 05:50 AM
CURRENCIES

Euro slides, consolidating below last week's high

THE euro drifted lower on Monday, consolidating below a one-week high tested in the...
PUBLISHED Nov 14, 2017 05:50 AM

COMPANIES & MARKETS

Jardine C&C purchases 5.53% stake in Vinamilk

MAINBOARD-LISTED Jardine Cycle & Carriage (Jardine C&C) is taking a 5.53 per cent...
PUBLISHED Nov 14, 2017 05:50 AM

Fincantieri ups Vard bid by one cent

ITALIAN shipbuilding group Fincantieri in a renewed bid to privatise its Singapore-listed...
PUBLISHED Nov 14, 2017 05:50 AM

Court dismisses Perennial's appeal in Capitol case

THERE will be no winding up of the joint entities between Perennial Real Estate Holdings...
PUBLISHED Nov 14, 2017 05:50 AM

Razer sees gain of as much as 41% on IPO debut

RAZER'S share performance on its first trading day on Monday got a boost from...
PUBLISHED Nov 14, 2017 05:50 AM

SembMarine settles contractual spat with Marco Polo

THE legal spat between Sembcorp Marine (SembMarine) and Marco Polo Marine has ended...
PUBLISHED Nov 14, 2017 05:50 AM

Corporate digest

CHINA Everbright Water Limited posted a 35 per cent increase in its Q3 earnings. For the...
PUBLISHED Nov 14, 2017 05:50 AM
HOCK LOCK SIEW

Banks should thank economy for their quarterly showing

THE three local banks predictably posted reasonable results for their core businesses in...
PUBLISHED Nov 14, 2017 05:50 AM

Wilmar Q3 earnings down 5.7%

WEAKER results in the tropical oils and sugar businesses were a drag on earnings at...
PUBLISHED Nov 14, 2017 05:50 AM

ST Engg's barge order another sign LNG bunker newbuilds are picking up

SINGAPORE Technologies Engineering's (ST Engg) US shipyard has won a contract to...
PUBLISHED Nov 14, 2017 05:50 AM

Temasek-backed Heliconia acquires 2% stake in HMI through S$11m placement

TEMASEK-owned Heliconia Capital Management is acquiring a 2 per cent stake in Health...
PUBLISHED Nov 14, 2017 05:50 AM

HKEX starts trading iron ore futures

CALL it the iron ore wars. Two of Asia's financial heavyweights are going head-to-...
PUBLISHED Nov 14, 2017 05:50 AM

UEL posts lower Q3 net profit on discontinued operations

UNITED Engineers Ltd (UEL) reported a net profit of S$10.6 million for the third quarter...
PUBLISHED Nov 14, 2017 05:50 AM

Dealmaking in Singapore expected to rise by 26% in 2017, peaking in 2019

THREE mega deals with an average value of US$2 billion each have galvanised corporate...
PUBLISHED Nov 14, 2017 05:50 AM

Metro Holdings in the red in Q2 on one-off expense

PROPERTY and retail group Metro Holdings sank into the red with a net loss of S$13.59...
PUBLISHED Nov 14, 2017 05:50 AM
STOCKS

STI ends flat, dragged by heavyweights

SINGAPORE equities struggled most of Monday to climb new highs despite a strong earnings...
PUBLISHED Nov 14, 2017 05:50 AM

Brokers' take

Although Q3 2017's net profit of S$80.1 million was above our estimate of S$71.5...
PUBLISHED Nov 14, 2017 05:50 AM
CURRENCIES

Euro slides, consolidating below last week's high

THE euro drifted lower on Monday, consolidating below a one-week high tested in the...
PUBLISHED Nov 14, 2017 05:50 AM

SBI Offshore: Corporate governance over the edge?

LAST year, I wrote two commentaries on SBI Offshore (SBIO) regarding the boardroom tussle...
PUBLISHED Nov 14, 2017 05:50 AM

REAL ESTATE

Court dismisses Perennial's appeal in Capitol case

THERE will be no winding up of the joint entities between Perennial Real Estate Holdings...
PUBLISHED Nov 14, 2017 05:50 AM

CapitaLand opens its largest mall in Suzhou

CAPITALAND marked a record year of one million square metres of retail space offering...
PUBLISHED Nov 14, 2017 05:50 AM

Modi's cash crackdown, new laws hurt India's real estate sector

INDIA'S property sector was already battling a slowdown last year, when Prime...
PUBLISHED Nov 14, 2017 05:50 AM

Iceland's home prices up 56% since 2009 crash

ICELAND'S housing market has soared 56 per cent since its 2009 crash...
PUBLISHED Nov 14, 2017 05:50 AM

Four in 10 London home sellers cutting their prices: report

THE proportion of London home sellers dropping their asking price is rising as the...
PUBLISHED Nov 14, 2017 05:50 AM

BANKING & FINANCE

HOCK LOCK SIEW

Banks should thank economy for their quarterly showing

THE three local banks predictably posted reasonable results for their core businesses in...
PUBLISHED Nov 14, 2017 05:50 AM

Big M&As at the mercy of EU watchdog

IF TIME is money, big M&As are getting a lot costlier in the European Union thanks to...
PUBLISHED Nov 14, 2017 05:50 AM

Bank layoffs: players split over how bad it will be

WILL every second banker lose his or her job in the next decade? The answer to that...
PUBLISHED Nov 14, 2017 05:50 AM

ENERGY & COMMODITIES

Wilmar Q3 earnings down 5.7%

WEAKER results in the tropical oils and sugar businesses were a drag on earnings at...
PUBLISHED Nov 14, 2017 05:50 AM

Oil drilling in Arctic: Norway dragged to court

A GROUP of activists is trying to put a stop to Norway's Arctic oil exploration and...
PUBLISHED Nov 14, 2017 05:50 AM

Nickel rally fragile as looming supply cools battery dreams

FORGET electric vehicles for now. Nickel must first contend with a new wave of supply...
PUBLISHED Nov 14, 2017 05:50 AM

Weed-killer prompts angry divide among US farmers

WHEN it comes to the herbicide dicamba, farmers in the southern state of Arkansas are not...
PUBLISHED Nov 14, 2017 05:50 AM

TECHNOLOGY

Razer sees gain of as much as 41% on IPO debut

RAZER'S share performance on its first trading day on Monday got a boost from...
PUBLISHED Nov 14, 2017 05:50 AM

Bitcoin tumble erases US$38b in value as rival cryptocurrency gains

BITCOIN plunged as the cancellation of a technology upgrade prompted some users to switch...
PUBLISHED Nov 14, 2017 05:50 AM

Qualcomm shuns Broadcom bid, setting up US$105b proxy fight

QUALCOMM Inc rejected Broadcom Ltd's US$105 billion acquisition offer, kicking off...
PUBLISHED Nov 14, 2017 05:50 AM

Big Brother's watching: Chinese facial recognition firms woo investors

BUOYED by China's plans to build a ubiquitous CCTV surveillance network, Chinese and...
PUBLISHED Nov 14, 2017 05:50 AM

CONSUMER

Razer sees gain of as much as 41% on IPO debut

RAZER'S share performance on its first trading day on Monday got a boost from...
PUBLISHED Nov 14, 2017 05:50 AM

Alibaba's rise creates 10 billionaires, Jack Ma not included

JACK Ma, who launched China's largest e-commerce company two decades ago and rode it...
PUBLISHED Nov 14, 2017 05:50 AM

Nexon surges to all-time high as annual profit outlook doubles

NEXON Co, one of Japan's largest gaming companies, jumped to the highest on record...
PUBLISHED Nov 14, 2017 05:50 AM

Italy's white truffles fetch hot prices at Alba auction

IT'S bad news for white truffle fans. Dry weather and changing climate patterns have...
PUBLISHED Nov 14, 2017 05:50 AM

TRANSPORT

Fincantieri ups Vard bid by one cent

ITALIAN shipbuilding group Fincantieri in a renewed bid to privatise its Singapore-listed...
PUBLISHED Nov 14, 2017 05:50 AM

SembMarine settles contractual spat with Marco Polo

THE legal spat between Sembcorp Marine (SembMarine) and Marco Polo Marine has ended...
PUBLISHED Nov 14, 2017 05:50 AM

ST Engg's barge order another sign LNG bunker newbuilds are picking up

SINGAPORE Technologies Engineering's (ST Engg) US shipyard has won a contract to...
PUBLISHED Nov 14, 2017 05:50 AM

Thai Airways swings to Q3 operating profit, but sees rising competition

NATIONAL carrier Thai Airways International pcl swung to a quarterly operating profit,...
PUBLISHED Nov 14, 2017 05:50 AM

Uber board strikes agreement to pave way for SoftBank investment

UBER Technologies Inc's warring board members have struck a peace deal that allows a...
PUBLISHED Nov 14, 2017 05:50 AM

Dubai wants production guarantee before it orders more A380s

DUBAI wants a guarantee that Airbus will keep production of the A380 superjumbo open for...
PUBLISHED Nov 14, 2017 05:50 AM

United resumes Newark-Delhi flights after halt due to poor air quality

UNITED Airlines said it had resumed flights from Newark, New Jersey to New Delhi, India...
PUBLISHED Nov 14, 2017 05:50 AM

Peugeot launches joint venture to build cars in Algeria

PEUGEOT maker PSA Group signed a joint venture agreement with three Algerian partners on...
PUBLISHED Nov 14, 2017 05:50 AM

GOVERNMENT & ECONOMY

Europe's recovery is spilling over to rest of world

THE global economy can thank Europe's robust growth for the improving outlook,...
PUBLISHED Nov 14, 2017 05:50 AM

JPMorgan sees China deals heating up after party congress

CHINA is poised for an acceleration of deals as confidence grows in the wake of last...
PUBLISHED Nov 14, 2017 05:50 AM

Rebound in Russia economy forecast to slow down

AN acceleration in economic growth that followed Russia's worst recession this...
PUBLISHED Nov 14, 2017 05:50 AM

How Singapore factories can get smart and stay ahead

THE past year has been a spectacular one for Singapore's manufacturing sector,...
PUBLISHED Nov 14, 2017 05:50 AM

LIFE & CULTURE

Tabloid gossip diva Liz Smith dies, aged 94

LIZ SMITH, the long-time queen of New York's tabloid gossip columns, who for more...
PUBLISHED Nov 14, 2017 05:50 AM

BT-supported kids' arts centre opens

THE Little Arts Academy (LAA), which is supported by The Business Times Budding Artists...
PUBLISHED Nov 14, 2017 05:50 AM

Thor sequel remains box office smash hit

AFTER a smashing start in its first weekend in theatres, Thor: Ragnarok thundered to the...
PUBLISHED Nov 14, 2017 05:50 AM

SME

How Singapore factories can get smart and stay ahead

THE past year has been a spectacular one for Singapore's manufacturing sector,...
PUBLISHED Nov 14, 2017 05:50 AM

An elixir for the future

THE entrepreneurial world has often been described as a jungle gym, where only the...
PUBLISHED Nov 14, 2017 05:50 AM

Building quality with innovation

AS a building fa├žade specialist, Seiko Architectural Wall Systems completes the look of...
PUBLISHED Nov 14, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

Banks should thank economy for their quarterly showing

THE three local banks predictably posted reasonable results for their core businesses in...
PUBLISHED Nov 14, 2017 05:50 AM
EDITORIAL

TPP 2.0 will create pressures for more countries to join

THE revival of the Trans-Pacific Partnership (TPP), which many observers had written off...
PUBLISHED Nov 14, 2017 05:50 AM

The rail way to track growth in Asean

THE Asean Summit in Manila - in the bloc's 50th year - is an opportune time to take...
PUBLISHED Nov 14, 2017 05:50 AM
THE BOTTOM LINE

Trump's trip to China: Beneath the smiles, a harsh reality

PRESIDENT Xi Jinping gave Donald Trump unprecedented "state visit plus"...
PUBLISHED Nov 14, 2017 05:50 AM

SBI Offshore: Corporate governance over the edge?

LAST year, I wrote two commentaries on SBI Offshore (SBIO) regarding the boardroom tussle...
PUBLISHED Nov 14, 2017 05:50 AM

Trump still has time to turn around his presidency

DONALD Trump heads back to Washington on Tuesday, after his 12-day Asia tour. His return...
PUBLISHED Nov 14, 2017 05:50 AM
LETTER TO THE EDITOR

Index payouts from CPF to inflation

IN an annual review of retirement income systems around the world, the Melbourne Mercer...
PUBLISHED Nov 14, 2017 05:50 AM

Lifestyle

BT-supported kids' arts centre opens

THE Little Arts Academy (LAA), which is supported by The Business Times Budding Artists...
PUBLISHED Nov 14, 2017 05:50 AM
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