Thursday, Nov 30, 2017

TOP STORIES

BT EXCLUSIVE

Grab hitches top Visa honcho to lead e-payments drive

GRAB has snagged a top corporate executive from payments giant Visa to steer the ride-...
PUBLISHED Nov 30, 2017 05:50 AM

HKEx poised to take plunge into dual-class shares

HONG Kong Exchanges and Clearing (HKEx) looks poised to accept the listing of companies...
PUBLISHED Nov 30, 2017 05:50 AM

Surbana Jurong lifts engineering expertise with Aussie buy

SURBANA Jurong has signed a deal to acquire Australian engineering firm Robert Bird Group...
PUBLISHED Nov 30, 2017 05:50 AM

Singapore interest rates spike on liquidity crunch, likely to go higher

SINGAPORE'S short-term key interest rates spiked on Wednesday due to a liquidity...
PUBLISHED Nov 30, 2017 05:50 AM

Fund manager ShawKwei sees gold as Asian companies grow grey

WITH low interest rates driving up valuations and economic growth slow but decent, now is...
PUBLISHED Nov 30, 2017 05:50 AM
HOCK LOCK SIEW

Necessary measures to keep developers on the straight and narrow

DEVELOPERS' profit margins may be squeezed with rising land prices - and the...
PUBLISHED Nov 30, 2017 05:50 AM

SGX aims for T+2 next year; public views sought on several measures

THE Singapore Exchange is renewing its bid to shorten the trade settlement period to just...
PUBLISHED Nov 30, 2017 05:50 AM

SGInnovate to invest in 20 startups as part of deep-tech strategy for 2018

SGINNOVATE will invest millions of dollars in at least 20 deep-tech startups founded in...
PUBLISHED Nov 30, 2017 05:50 AM

Budget airline Norwegian eyes daily S'pore-London flights

FAST-EXPANDING budget airline Norwegian, which recently launched non-stop services...
PUBLISHED Nov 30, 2017 05:50 AM

COMPANIES & MARKETS

NEWS ANALYSIS

It's time to pick up the pieces and rebuild Singapore's O&M sector

A MULTI-YEAR downturn has taken a toll on job numbers in Singapore's offshore and...
PUBLISHED Nov 30, 2017 05:50 AM

Robotics enables DBS to free up 25,000 man hours of menial work

ROBOTICS is helping to cut through the menial work involved in fighting financial crime...
PUBLISHED Nov 30, 2017 05:50 AM

Noble to sell vessels for US$95m to further pare debt

A DAY after Iceberg Research issued another fresh attack on Noble Group, the commodity...
PUBLISHED Nov 30, 2017 05:50 AM

CPF Investment Scheme funds up average of 2.70% in Q3

CPF members who invested in funds that are part of the Central Provident Fund Investment...
PUBLISHED Nov 30, 2017 05:50 AM
INITIAL PUBLIC OFFERINGS

No Signboard Holdings' IPO 23.6 times subscribed

SHARES of seafood restaurant chain No Signboard Holdings were 23.6 times subscribed in...
PUBLISHED Nov 30, 2017 05:50 AM
INITIAL PUBLIC OFFERINGS

Cromwell European Reit's public offer 3.1 times subscribed

CROMWELL European Reit's public offer was about 3.1 times subscribed, its manager...
PUBLISHED Nov 30, 2017 05:50 AM

Soilbuild custom builds project for RF360

HOMEGROWN property group Soilbuild is constructing a building at Kallang Way to house a...
PUBLISHED Nov 30, 2017 05:50 AM

Corporate digest

Perennial Real Estate Holdings, Wilmar International
PUBLISHED Nov 30, 2017 05:50 AM
STOCKS

STI hits 2Ā½-year high on liquidity rush

WATER, water, everywhere, nor any drop to drink. We are quoting an epic English poem here...
PUBLISHED Nov 30, 2017 05:50 AM

Brokers' take

Net cash (cash less total borrowings) of S$40.8 million represents 42 per cent of market...
PUBLISHED Nov 30, 2017 05:50 AM
CURRENCIES

Canadian dollar hits near 4-week low versus firmer US$

THE Canadian dollar weakened to a nearly four-week low against its US counterpart on...
PUBLISHED Nov 30, 2017 05:50 AM

REAL ESTATE

INITIAL PUBLIC OFFERINGS

Cromwell European Reit's public offer 3.1 times subscribed

CROMWELL European Reit's public offer was about 3.1 times subscribed, its manager...
PUBLISHED Nov 30, 2017 05:50 AM

Soilbuild custom builds project for RF360

HOMEGROWN property group Soilbuild is constructing a building at Kallang Way to house a...
PUBLISHED Nov 30, 2017 05:50 AM

New World's Kowloon tower sees 70% take-up for office section

NEW World Development said the office component of the HK$20.3 billion (S$3.5 billion)...
PUBLISHED Nov 30, 2017 05:50 AM

Gaw Consortium to buy HK malls for HK$23b

A CONSORTIUMĀ led by Gaw Capital Partners is buying a portfolio of mostly shopping malls...
PUBLISHED Nov 30, 2017 05:50 AM

HDB to transfer industrial properties, land to JTC Corp on Jan 1

THE transfer of the Housing and Development Board's (HDB) industrial properties and...
PUBLISHED Nov 30, 2017 05:50 AM

Lisbon's hot real estate market leaves buyers struggling for a home

IN central Lisbon's property market, sellers are kings...
PUBLISHED Nov 30, 2017 05:50 AM

BANKING & FINANCE

Robotics enables DBS to free up 25,000 man hours of menial work

ROBOTICS is helping to cut through the menial work involved in fighting financial crime...
PUBLISHED Nov 30, 2017 05:50 AM

Nomura returns to private equity, seeking stable income

NOMURA Holdings Inc is returning to private equity - a move that comes as it seeks more...
PUBLISHED Nov 30, 2017 05:50 AM

Bitcoin leaves sceptics behind while blasting to record US$10,000

BITCOIN surpassed US$10,000 for the first time, bringing this year's price surge to...
PUBLISHED Nov 30, 2017 05:50 AM

Australian fund bets on US company bonds as tax cuts loom

US lawmakers will succeed in inking a US$1.4 trillion deal to slash corporate taxes by...
PUBLISHED Nov 30, 2017 05:50 AM

LSE chief leaves post early amid talk of ouster

LONDON Stock Exchange chief executive Xavier Rolet has left his post, the group said on...
PUBLISHED Nov 30, 2017 05:50 AM

Citi joins ATM network to increase access while cutting branches

CITIGROUP Inc has plugged into tens of thousands of outside vendors' cash dispensers...
PUBLISHED Nov 30, 2017 05:50 AM

ENERGY & COMMODITIES

Noble to sell vessels for US$95m to further pare debt

A DAY after Iceberg Research issued another fresh attack on Noble Group, the commodity...
PUBLISHED Nov 30, 2017 05:50 AM

Oil prices slip on Opec deal extension jitters

OIL prices fell on Wednesday on doubts the Organization of the Petroleum Exporting...
PUBLISHED Nov 30, 2017 05:50 AM

Gold edges up, near six-week high after Fed chair confirmation

GOLD inched higher on Tuesday but was still below the previous day's six-week high,...
PUBLISHED Nov 30, 2017 05:50 AM

Shell calls end to austerity with return to full dividend

ROYAL Dutch Shell on Tuesday cancelled an austerity dividend policy as the oil and gas...
PUBLISHED Nov 30, 2017 05:50 AM

TECHNOLOGY

Facebook says 99% of IS and Al-Qaeda content spotted by AI

FACEBOOK'S artificial intelligence (AI) is becoming increasingly adept at keeping...
PUBLISHED Nov 30, 2017 05:50 AM

Microsoft plans multibillion dollar campus overhaul

WHILE Seattle-based Amazon.com Inc looks for a second headquarters in a new location,...
PUBLISHED Nov 30, 2017 05:50 AM

Toyota showcases humanoid robot that mirrors user

JAPANESE auto giant Toyota on Wednesday showcased a humanoid robot that can mirror its...
PUBLISHED Nov 30, 2017 05:50 AM

A new way for machines to see, taking shape in Toronto

IN 2012, Geoffrey Hinton changed the way machines see the world.
PUBLISHED Nov 30, 2017 05:50 AM

Apple Mac software has login flaw that puts data at risk

APPLE Inc customers have discovered a significant security flaw in the latest version of...
PUBLISHED Nov 30, 2017 05:50 AM

CONSUMER

Malaysia wants to cater to China's growing penchant for durians

CHINA'S love of durian is skyrocketing, and Malaysia wants a piece of it. The value...
PUBLISHED Nov 30, 2017 05:50 AM

More satisfied customers in tourism and F&B sectors in Q3

CUSTOMER satisfaction rose for the tourism and food-and-beverage (F&B) sectors in the...
PUBLISHED Nov 30, 2017 05:50 AM

YouTube sharpens how it recommends videos

GOOGLE'S YouTube has updated its recommendation feature to spotlight videos users...
PUBLISHED Nov 30, 2017 05:50 AM

Japan, China dominate list of world's top restaurants

JAPAN and China have more of the world's best restaurants than anywhere else,...
PUBLISHED Nov 30, 2017 05:50 AM

TRANSPORT

Air France-KLM extends India reach with Jet Airways

AIR France-KLM Group and Jet Airways India Ltd agreed to deepen an existing partnership...
PUBLISHED Nov 30, 2017 05:50 AM

Indonesia reopens Bali airport as wind clears volcanic ash

THE airport on the Indonesian holiday island of Bali reopened on Wednesday as wind blew...
PUBLISHED Nov 30, 2017 05:50 AM

Uber's Q3 losses widen as SoftBank launches bid to buy its shares

UBER Technologies Inc's net loss widened to US$1.46 billion in the third quarter,...
PUBLISHED Nov 30, 2017 05:50 AM

Subaru's Ascent SUV tipped to help maker overtake Hyundai

SUBARU Corp picked an apt time to roll out a new model whose name is synonymous with...
PUBLISHED Nov 30, 2017 05:50 AM

Hyundai's Kona SUV back in production after 2-day strike

Hyundai Motor workers resumed production of the Kona sport utility vehicle late on...
PUBLISHED Nov 30, 2017 05:50 AM

GOVERNMENT & ECONOMY

CPF Investment Scheme funds up average of 2.70% in Q3

CPF members who invested in funds that are part of the Central Provident Fund Investment...
PUBLISHED Nov 30, 2017 05:50 AM
LATEST US DATA

Q3 economic growth fastest in 3 years

THE US economy grew faster than initially thought in the third quarter, notching its...
PUBLISHED Nov 30, 2017 05:50 AM

Yellen downplays threat of financial instability

FEDERAL Reserve chair Janet Yellen, in what may be her last appearance before Congress as...
PUBLISHED Nov 30, 2017 05:50 AM

Brexit settlement more than doubles; sterling rises almost 2%

A UK "Brexit" settlement offer, which has more than doubled to 40-50 billion...
PUBLISHED Nov 30, 2017 05:50 AM

Senior Saudi prince freed in US$1b settlement agreement

SENIOR Saudi Arabian prince Miteb bin Abdullah, once seen as a leading contender to the...
PUBLISHED Nov 30, 2017 05:50 AM

LIFE & CULTURE

Tiger's firmly on the comeback trail

FORGET his previous indiscretions. Ignore his reported sexual exploits. Cast aside his...
PUBLISHED Nov 30, 2017 05:50 AM

To slim as you age, pile on the weights at the gym

TRYING to stay trim as you age? Surprisingly, if you're cutting calories to lose...
PUBLISHED Nov 30, 2017 05:50 AM

Marriage can drive you crazy, but it can keep dementia at bay: study

MARRIAGE may test one's sanity, but living into old age with a partner also lowers...
PUBLISHED Nov 30, 2017 05:50 AM

OPINION

NEWS ANALYSIS

It's time to pick up the pieces and rebuild Singapore's O&M sector

A MULTI-YEAR downturn has taken a toll on job numbers in Singapore's offshore and...
PUBLISHED Nov 30, 2017 05:50 AM
EDITORIAL

No clear picture on long-term effect of India's economic slowdown

CONTRASTING positions taken this month about India's future growth prospects by the...
PUBLISHED Nov 30, 2017 05:50 AM

India leapfrogs out of poverty

IN a recent MSNBC interview, I described US President Donald Trump as a "brain-...
PUBLISHED Nov 30, 2017 05:50 AM
THE BOTTOM LINE

North Korea's missile test intensifies Trump's 2018 dilemma

THE North Korean regime test-fired, for the first time in over two months, on Wednesday...
PUBLISHED Nov 30, 2017 05:50 AM

Turning privilege into a force for greater board diversity

EARLIER this year, I published details of a study showing a 43 per cent average pay gap...
PUBLISHED Nov 30, 2017 05:50 AM
COMMENTARY

Filling the world infrastructure financing gap

THERE is a sizeable gap between the world economy's infrastructure needs and...
PUBLISHED Nov 30, 2017 05:50 AM
COMMENTARY

International schools must offer better value, prep kids for future workplace

GLOBAL financial and tech hubs from Silicon Valley to Hong Kong and Singapore have been...
PUBLISHED Nov 30, 2017 05:50 AM
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