Wednesday, Nov 22, 2017

TOP STORIES

BT EXCLUSIVE

Singapore eyes faster, cheaper forex trading ecosystem

TRADING in Singapore's US$517-billion-a-day foreign exchange (FX) market is about to...
PUBLISHED Nov 22, 2017 05:50 AM

Family business Onn Wah Precision Engineering takes top E50 spot on first try

MANUFACTURING firm Onn Wah Precision Engineering catapulted straight to the top on its...
PUBLISHED Nov 22, 2017 05:50 AM

Impact of GST hike on prices will depend on size, timing

THE impending hike in Goods and Services Tax (GST) is likely to push up the cost of...
PUBLISHED Nov 22, 2017 05:50 AM

MAS seeks power to make competing banks open e-payment rails

THE Monetary Authority of Singapore (MAS) proposed on Tuesday that the central bank be...
PUBLISHED Nov 22, 2017 05:50 AM

Janet Yellen to depart US Fed in February

US central bank chief Janet Yellen announced on Monday she will leave the Federal Reserve...
PUBLISHED Nov 22, 2017 05:50 AM

SMRT disrupts service to speed up resignalling project

FROM Dec 8 to Dec 31, 17 East-West (EW) Line stations from Tiong Bahru to Tuas Link, and...
PUBLISHED Nov 22, 2017 05:50 AM
SINGAPORE PROPERTY

Investors drawn again to real estate rebound

SINGAPORE'S property market has improved drastically in its investment prospect...
PUBLISHED Nov 22, 2017 05:50 AM

S'pore an exception in Asia-Pac with cooling measures that have more bite

SINGAPORE has been the only market in the Asia-Pacific in which government efforts to...
PUBLISHED Nov 22, 2017 05:50 AM

S'pore bond market sees novel transaction that reduces risk

THE Singapore bond market saw its first intermediated exchange of bonds this month, a...
PUBLISHED Nov 22, 2017 05:50 AM

Few rich Asian families have wealth transfer plans: RBC

FEW wealthy Asian families, especially those in Singapore, have a proper wealth transfer...
PUBLISHED Nov 22, 2017 05:50 AM

Spark Systems wants Singapore hardwired for FX

SPARK Systems is a potential game changer in the foreign exchange (FX) space in Singapore.
PUBLISHED Nov 22, 2017 05:50 AM

US-based AI firm Data Robot sets up S$15m S'pore R&D centre

UNITED STATES-BASED Data Robot has announced plans to set up a S$15 million research and...
PUBLISHED Nov 22, 2017 05:50 AM

STOCKS

HOT STOCK

FJ Benjamin's share soars, prompting SGX query

A SPIKE in the share price of fashion retail group FJ Benjamin Holdings Ltd has prompted...
PUBLISHED Nov 22, 2017 05:50 AM
STOCKS

STI rises for third straight day

YESTERDAY saw the third straight day of gains on the local bourse, with the Straits Times...
PUBLISHED Nov 22, 2017 05:50 AM

Brokers' take

Sembcorp Industries | Buy
PUBLISHED Nov 22, 2017 05:50 AM
CURRENCIES

Euro steadies as markets look beyond politics

THE euro steadied on Tuesday after registering its biggest daily fall in the previous...
PUBLISHED Nov 22, 2017 05:50 AM

COMPANIES & MARKETS

Roadblock in Keppel's sale of China marina stake

KEPPEL Corporation's planned 2.9 billion yuan (S$592 million) disposal of its stake...
PUBLISHED Nov 22, 2017 05:50 AM

Tencent becomes first Asian company valued over US$500b

CHINA'S Tencent just became the first Asian company to crack the illustrious US$500...
PUBLISHED Nov 22, 2017 05:50 AM

StanChart targets 5-7% growth in investment bank

STANDARD Chartered aims to grow revenue at its investment banking unit by a compound...
PUBLISHED Nov 22, 2017 05:50 AM
HOCK LOCK SIEW

FCL could do with bigger free float

FRASERS Centrepoint Limited's (FCL) recent full-year results announcement provided...
PUBLISHED Nov 22, 2017 05:50 AM

Halcyon Agri acquires RCMA's polymer unit for up to US$33.8m

IN a deal worth up to US$33.8 million, mainboard-listed natural rubber supplier Halcyon...
PUBLISHED Nov 22, 2017 05:50 AM

Summit Power awards US$100m deal with marine work contractor consortium

A UNIT of Singapore-based Summit Power International has awarded a US$100 million...
PUBLISHED Nov 22, 2017 05:50 AM

Former president Tony Tan to be GIC director, special advisor

GIC said on Tuesday that it has appointed Singapore's former president Tony Tan Keng...
PUBLISHED Nov 22, 2017 05:50 AM
HOT STOCK

FJ Benjamin's share soars, prompting SGX query

A SPIKE in the share price of fashion retail group FJ Benjamin Holdings Ltd has prompted...
PUBLISHED Nov 22, 2017 05:50 AM

HSBC has its fine over Lehman products reduced in Hong Kong

HSBC Holdings Plc's private banking unit was fined HK$400 million (S$69.4 million)...
PUBLISHED Nov 22, 2017 05:50 AM

UOL makes mandatory offer for SingLand as stake in UIC crosses 50%

UOL Group Limited has announced a mandatory unconditional cash offer for all the shares...
PUBLISHED Nov 22, 2017 05:50 AM
NEWS ANALYSIS

StarHub CEO is departing at pivotal time for telco

THE sudden departure of a chief executive officer (CEO) without a successor in place can...
PUBLISHED Nov 22, 2017 05:50 AM

Gallant Venture to issue S$68.2m of new shares

GALLANT Venture Ltd has entered into subscription agreements with three investors, who...
PUBLISHED Nov 22, 2017 05:50 AM

Corporate digest

OLAM International's founding group Kewalram Singapore has raised its stake in the...
PUBLISHED Nov 22, 2017 05:50 AM
LEAN ENTERPRISE DEVELOPMENT SCHEME

Oneberry adds byte to security sector

LABORIOUS. Tedious. Mun-dane. If these are words you associate with the job of a security...
PUBLISHED Nov 22, 2017 05:50 AM
STOCKS

STI rises for third straight day

YESTERDAY saw the third straight day of gains on the local bourse, with the Straits Times...
PUBLISHED Nov 22, 2017 05:50 AM

Brokers' take

Sembcorp Industries | Buy
PUBLISHED Nov 22, 2017 05:50 AM
CURRENCIES

Euro steadies as markets look beyond politics

THE euro steadied on Tuesday after registering its biggest daily fall in the previous...
PUBLISHED Nov 22, 2017 05:50 AM

REAL ESTATE

HOCK LOCK SIEW

FCL could do with bigger free float

FRASERS Centrepoint Limited's (FCL) recent full-year results announcement provided...
PUBLISHED Nov 22, 2017 05:50 AM

Frankfurt residents divided over post-Brexit boom

THE prospect of bankers pouring into Frankfurt from post-Brexit Britain has worried local...
PUBLISHED Nov 22, 2017 05:50 AM

Harvard 'in talks for Bain to manage its real estate assets'

HARVARD University's endowment is in talks to move the management of a portion of...
PUBLISHED Nov 22, 2017 05:50 AM

BANKING & FINANCE

StanChart targets 5-7% growth in investment bank

STANDARD Chartered aims to grow revenue at its investment banking unit by a compound...
PUBLISHED Nov 22, 2017 05:50 AM

HSBC has its fine over Lehman products reduced in Hong Kong

HSBC Holdings Plc's private banking unit was fined HK$400 million (S$69.4 million)...
PUBLISHED Nov 22, 2017 05:50 AM

Goldman Sachs ordered to pay 321 billion rupiah to Indonesian tycoon

AN Indonesian court ruled against Goldman Sachs Group Inc and ordered it to return shares...
PUBLISHED Nov 22, 2017 05:50 AM

Brexit-hit banks said to start moving staff abroad in early 2018

UK politicians are fighting to get a deal early next year that will ease businesses...
PUBLISHED Nov 22, 2017 05:50 AM

BlackRock readies suite of ETFs designed by robots

BLACKROCK Inc's exchange-traded fund (ETF) business is getting a machine-made...
PUBLISHED Nov 22, 2017 05:50 AM

ENERGY & COMMODITIES

Halcyon Agri acquires RCMA's polymer unit for up to US$33.8m

IN a deal worth up to US$33.8 million, mainboard-listed natural rubber supplier Halcyon...
PUBLISHED Nov 22, 2017 05:50 AM

Second Thai natural-gas billionaire minted as IPOs rebound

A WELL-TIMED decision more than a decade ago to abandon coal in time for Thailand's...
PUBLISHED Nov 22, 2017 05:50 AM

Farms in Spain, Portugal hit hard by extreme drought

SPAIN and Portugal are grappling with a devastating drought which has left rivers nearly...
PUBLISHED Nov 22, 2017 05:50 AM

Wild swings in Iraqi oil production give Opec one more headache

THE Organization of the Petroleum Exporting Countries (Opec) has an Iraq problem: the...
PUBLISHED Nov 22, 2017 05:50 AM

TECHNOLOGY

Tencent becomes first Asian company valued over US$500b

CHINA'S Tencent just became the first Asian company to crack the illustrious US$500...
PUBLISHED Nov 22, 2017 05:50 AM
NEWS ANALYSIS

StarHub CEO is departing at pivotal time for telco

THE sudden departure of a chief executive officer (CEO) without a successor in place can...
PUBLISHED Nov 22, 2017 05:50 AM

Tencent overtakes Facebook in valuation; declares global goal

CHINA'S biggest social network and gaming firm Tencent Holdings, which last week...
PUBLISHED Nov 22, 2017 05:50 AM

SoftBank funding could see Uber switching lanes in tough S-E Asian market

SOFTBANK Group's multi-billion dollar investment in Uber Technologies Inc opens up...
PUBLISHED Nov 22, 2017 05:50 AM

Dropbox helps keep companies' Business on track and on time

HAVING employees constantly on the go and in multiple locations would pose a conundrum to...
PUBLISHED Nov 22, 2017 05:50 AM

CONSUMER

Local brands kill off easy-money era for multinationals in Asia

NESTLE SA is losing buzz to an Indonesian coffee brand famous for brewing civet-cat...
PUBLISHED Nov 22, 2017 05:50 AM

Nestle 'eyeing organic, vegetarian food maker Hain Celestial'

NESTLE SA is among companies exploring a purchase of Hain Celestial Group Inc, a US maker...
PUBLISHED Nov 22, 2017 05:50 AM

TRANSPORT

Roadblock in Keppel's sale of China marina stake

KEPPEL Corporation's planned 2.9 billion yuan (S$592 million) disposal of its stake...
PUBLISHED Nov 22, 2017 05:50 AM
STRAIT TALK

Playing by the same rules

THIS column rarely delves far into the world of ship financing, largely because your...
PUBLISHED Nov 22, 2017 05:50 AM

Cut costs now or face uncertain future, Toyota warns US workers

TOYOTA Motor Corp issued an unsettling warning to Kentucky workers building its top-...
PUBLISHED Nov 22, 2017 05:50 AM

New York cycling boom sparks safety, other worries

EXPANDING bike lanes, handing out free helmets and making lessons free: New York is...
PUBLISHED Nov 22, 2017 05:50 AM

India-based automaker Mahindra wants to sell electric vehicles in US

MAHINDRA & Mahindra Ltd, one of India's oldest vehicle manufacturers, is testing...
PUBLISHED Nov 22, 2017 05:50 AM

GOVERNMENT & ECONOMY

May prepares new Brexit offer after talks with ministers

PRIME Minister Theresa May won the backing of ministers on both sides of her divided...
PUBLISHED Nov 22, 2017 05:50 AM

Growth burst in S-E Asia bolsters region as Fed hikes loom

SOUTH-EAST Asia is sitting pretty, with economies across the region poised to carry...
PUBLISHED Nov 22, 2017 05:50 AM

Uncertainties lie ahead: Outlook 2018 seminar

DESPITE global economies being on the mend and things looking smooth, speakers at a...
PUBLISHED Nov 22, 2017 05:50 AM

Japan ranked last choice in Asia for top foreign talent

THERE'S bad news for Japan as it seeks the talent it needs to compete in the global...
PUBLISHED Nov 22, 2017 05:50 AM

LIFE & CULTURE

Christie's goes where the art collectors are

ART collectors in Asia will get the first look at masterpieces from the late David...
PUBLISHED Nov 22, 2017 05:50 AM

US networks suspend Charlie Rose after sex harassment allegations

CBS AND OTHER networks on Monday suspended Charlie Rose, one of the most prominent...
PUBLISHED Nov 22, 2017 05:50 AM

Ex-Wimbledon champ Novotna dies, aged 49

JANA Novotna, a Czech tennis player who provided one of the most poignant moments in the...
PUBLISHED Nov 22, 2017 05:50 AM

Beyonce is highest-paid woman in music in 2017

BEYONCE'S hit album Lemonade and world tour made her the highest-paid woman in music...
PUBLISHED Nov 22, 2017 05:50 AM

EXECUTIVE MONEY

Starbucks serves up dollops of social do-gooderism

WHILE corporate profits might seem incongruous with doing social good, Howard Schultz,...
PUBLISHED Nov 22, 2017 05:50 AM

Bull market's big supporters ask what may tip it to the bears

SOME of the biggest proponents of the bull market in equities are starting to ask the...
PUBLISHED Nov 22, 2017 05:50 AM

OPINION

HOCK LOCK SIEW

FCL could do with bigger free float

FRASERS Centrepoint Limited's (FCL) recent full-year results announcement provided...
PUBLISHED Nov 22, 2017 05:50 AM
NEWS ANALYSIS

StarHub CEO is departing at pivotal time for telco

THE sudden departure of a chief executive officer (CEO) without a successor in place can...
PUBLISHED Nov 22, 2017 05:50 AM

German politics at a major crossroads

ANGELA Merkel said on Monday that she prefers fresh elections in 2018 than the option of...
PUBLISHED Nov 22, 2017 05:50 AM
THE BOTTOM LINE

America got great on world trade, not protectionism

MOST Americans likely think that our trade policies have been largely the same since the...
PUBLISHED Nov 22, 2017 05:50 AM
EDITORIAL

Malaysia's strong economy is reason for KL to call for elections soon

MALAYSIAN entrepreneur Tony Fernandes, boss of South-east Asia's largest low-cost...
PUBLISHED Nov 22, 2017 05:50 AM

Behavioural economics has far-reaching effects

ALL his working life, Richard Thaler, who was awarded the Nobel Prize in economics last...
PUBLISHED Nov 22, 2017 05:50 AM

TPP's resurrection: Will it be ratified at all?

ON November 11, on the sidelines of the Apec Summit in Vietnam, 11 countries on the...
PUBLISHED Nov 22, 2017 05:50 AM
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