Friday, Feb 09, 2018

TOP STORIES

DBS shares soar on S$1.20 dividend pledge and record earnings

DBS Group shareholders got an early hongbao on Thursday: the bank reported record profits...
PUBLISHED Feb 9, 2018 05:50 AM
BT EXCLUSIVE

Startups key to Singapore's digitisation charge, says IMDA chief

THE Infocomm Media Development Authority (IMDA) - the key government agency spearheading...
PUBLISHED Feb 9, 2018 05:50 AM

Gamechangers in BT Weekend

IN the dog-eat-dog world of startups, three Singapore fintech companies stand unicorn-...
PUBLISHED Feb 9, 2018 05:50 AM
REAL ESTATE INDUSTRY TRANSFORMATION MAP

Plans afoot to help firms raise skills and embrace innovation

IN the government's push to future-proof the real estate sector, it has identified...
PUBLISHED Feb 9, 2018 05:50 AM
REAL ESTATE INDUSTRY TRANSFORMATION MAP

39 JTC properties to get smart facilities management systems

JTC is spending about S$15 million in its roll-out of "smart" facilities...
PUBLISHED Feb 9, 2018 05:50 AM
REAL ESTATE INDUSTRY TRANSFORMATION MAP

Real estate ITM aims to improve efficiencies, not replace jobs, says Chuan-Jin

SPEAKER of Parliament Tan Chuan-Jin on Thursday said that the objective of the government...
PUBLISHED Feb 9, 2018 05:50 AM

Ademco Security acquires stake in Vietnamese firm

SECURITY solutions provider Ademco Security Group on Thursday announced its first...
PUBLISHED Feb 9, 2018 05:50 AM

B Capital raises US$360m to invest in tech-enabled small businesses

B CAPITAL Group, a global venture capital firm co-founded by Facebook co-founder Eduardo...
PUBLISHED Feb 9, 2018 05:50 AM

Govt transfers, taxes keep income gap at bay

SINGAPORE'S income inequality changed little in 2017 from 2016, as government...
PUBLISHED Feb 9, 2018 05:50 AM
SINGAPORE AIRSHOW 2018

Airbus keen to invest in 'flying vehicles', other trials here

PLANE-maker Airbus is keen to invest in urban air mobility and other projects in...
PUBLISHED Feb 9, 2018 05:50 AM
SINGAPORE AIRSHOW 2018

Startup showcase at Singapore Airshow excites onlookers

EMOTION-detecting video analytic platforms, 720-degree panoramic drones and virtual...
PUBLISHED Feb 9, 2018 05:50 AM
SINGAPORE AIRSHOW 2018

Wijet's 16-plane deal is Honda's single biggest order

HONDA Aircraft, which delivered its first light business jet in late 2015, has announced...
PUBLISHED Feb 9, 2018 05:50 AM

Spring Singapore, 9 partners in S$200m bid to boost tech startups

THE investment arm of Spring Singapore - Spring Seeds Capital (SSC) - has appointed nine...
PUBLISHED Feb 9, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

What's the Apple link in the earnings of Singapore banks?

WHAT does Apple Inc's funds repatriation to the US have to do with the earnings of...
PUBLISHED Feb 9, 2018 05:50 AM

DBS to end 'dirty coal' lending, but resists all-out ban

DBS will end financing of projects linked to "dirty coal" by year-end, but is...
PUBLISHED Feb 9, 2018 05:50 AM

Fair value gains lift Perennial's Q4 net profit

PERENNIAL Real Estate's fourth- quarter profit rose 7.9 per cent to S$27.6 million,...
PUBLISHED Feb 9, 2018 05:50 AM

M&C Hotels 2017 revenue up, but Europe occupancy down

MILLENNIUM & Copthorne Hotels reported on Thursday a 7.9 per cent rise in annual...
PUBLISHED Feb 9, 2018 05:50 AM

Singtel's Q3 profits down 8.5 per cent on Airtel woes

TOUGHER market conditions in India did no favours for Singtel's third-quarter...
PUBLISHED Feb 9, 2018 05:50 AM
STOCKS

DBS drags Singapore market out of bed

IN A rollercoaster of a day, the market, grappling with volatility, was in a funk for...
PUBLISHED Feb 9, 2018 05:50 AM

Brokers' take

We continue to expect strong earnings compound annual growth rates of 28 per cent for...
PUBLISHED Feb 9, 2018 05:50 AM
CURRENCIES

Dollar at 2-week high as weakness seen overdone; euro dips

THE dollar edged higher to a two-week high against a basket of major currencies on...
PUBLISHED Feb 9, 2018 05:50 AM

Frasers Property's Q1 profit falls 59% to S$76.9 million

FRASERS Property, formerly known as Frasers Centrepoint, posted a 59 per cent fall in net...
PUBLISHED Feb 9, 2018 05:50 AM

Suntec City to launch Alipay payment option to attract more Chinese tourists

SUNTEC City and Alipay have inked a two-year partnership to launch Alipay payment...
PUBLISHED Feb 9, 2018 05:50 AM

First Sponsor Q4 profit falls 41.5% on absence of one-off gain

DESPITE a big jump in revenue, mainboard-listed First Sponsor Group saw earnings fall 41...
PUBLISHED Feb 9, 2018 05:50 AM

Board of SBI Offshore receives request to remove 3 directors

SBI Offshore's board has received a letter requesting a shareholders' meeting...
PUBLISHED Feb 9, 2018 05:50 AM

Corporate digest

A SUBSIDIARY of Roxy-Pacific Holdings has entered into a put-and-call agreement to...
PUBLISHED Feb 9, 2018 05:50 AM

REAL ESTATE

Overseas property investments: the grass isn't always greener

WHEN Justin Harper bought a two-bedroom unit outside of London in 2014, the last thing he...
PUBLISHED Feb 9, 2018 05:50 AM

Property upturn based on true supply and demand: ERA

THE difference between the current property market upturn and the bull years of 2005 to...
PUBLISHED Feb 9, 2018 05:50 AM

HDB resale prices dip 0.5% in Jan, volume slumps by 31.4%: SRX

HDB resale prices dipped 0.5 per cent in January compared with December last year,...
PUBLISHED Feb 9, 2018 05:50 AM
PUBLISHED Feb 9, 2018 05:50 AM

BANKING & FINANCE

Swiss Re in talks to sell stake to SoftBank

SWISS Re said it is in preliminary talks to sell a minority stake to SoftBank Group, a...
PUBLISHED Feb 9, 2018 05:50 AM

Bank of England's forecast horizon increasingly clouded

THE Bank of England's (BOE) job of predicting the future is getting more and more...
PUBLISHED Feb 9, 2018 05:50 AM

China's yuan plunges most since 2015

CHINA'S yuan extended declines, sinking the most since the aftermath of the shock...
PUBLISHED Feb 9, 2018 05:50 AM

ENERGY & COMMODITIES

China studying restrictions on US soybean imports: sources

CHINA is studying the potential impact of trade measures imposed on soybeans imported...
PUBLISHED Feb 9, 2018 05:50 AM

Total pledges higher dividend as confidence in oil recovery grows

TOTAL SA signalled growing confidence that the oil industry slump is coming to an end by...
PUBLISHED Feb 9, 2018 05:50 AM

Abolishing fossil fuel subsidies has little impact on CO2 emissions: study

GETTING rid of massive subsidies for oil, gas and coal will not significantly curb carbon...
PUBLISHED Feb 9, 2018 05:50 AM

China wealth fund said to join fray for US$2b Rio portfolio

THE Chinese sovereign wealth fund is considering joining the bidding for Rio Tinto Group...
PUBLISHED Feb 9, 2018 05:50 AM

TECHNOLOGY

Samsung chairman named as suspect in tax evasion case

SAMSUNG Electronics' ailing chairman, Lee Kun Hee, was named by South Korean police...
PUBLISHED Feb 9, 2018 05:50 AM

ARM embraces technology revolution under SoftBank and loses money

IT'S an accepted belief among tech startups that it's OK to grow fast at the...
PUBLISHED Feb 9, 2018 05:50 AM

Smart home unit Nest returns to Google to roost

GOOGLE is taking back Nest, the smart home unit of parent firm Alphabet, as part of an...
PUBLISHED Feb 9, 2018 05:50 AM

The mystery of the couple who keep receiving free items from Amazon

THE first items to arrive were the plastic fan - which plugs into one's computer USB...
PUBLISHED Feb 9, 2018 05:50 AM

CONSUMER

Walmart turns to goods of at least US$10 to turn its e-commerce around

WALMART Inc is asking vendors to supply it with more merchandise priced at US$10 and up,...
PUBLISHED Feb 9, 2018 05:50 AM

Trillions of plastic bags in circulation, yet little is known about their usage

CONSIDERING the growing frenzy to stop using them, and the trillions that have entered...
PUBLISHED Feb 9, 2018 05:50 AM

Brits too busy to shop help boost convenience stocks in UK

BRITS are still spending money on groceries, but only when it suits their busy lives.
PUBLISHED Feb 9, 2018 05:50 AM

TRANSPORT

SINGAPORE AIRSHOW 2018

And then there were none - airline technology ponders operating with one or even no pilot

ONCE there were three on the flight deck. Then the number of flight crew fell to two when...
PUBLISHED Feb 9, 2018 05:50 AM

Tesla sticks by Model 3 target, warns spending could rise in 2018

TESLA Inc said on Wednesday it was sticking with chief executive Elon Musk's revised...
PUBLISHED Feb 9, 2018 05:50 AM

Why planes could still vanish into thin air like MH370

THE disappearance of Malaysia Airlines Flight 370 prompted a slew of safety proposals...
PUBLISHED Feb 9, 2018 05:50 AM

Nissan slashes profit forecasts after inspection scandal

JAPANESE car giant Nissan on Thursday slashed its forecast for full-year operating profit...
PUBLISHED Feb 9, 2018 05:50 AM

GOVERNMENT & ECONOMY

EU doubts 2020 Brexit vision, sees longer goodbye

SENIOR EU figures have told Reuters that Britain will not be ready to make a full break...
PUBLISHED Feb 9, 2018 05:50 AM

UK central bank raises growth forecasts, says rates need to rise faster

THE Bank of England (BoE) said on Thursday interest rates probably need to rise sooner...
PUBLISHED Feb 9, 2018 05:50 AM

China's economic strength continues, trade surplus with US narrows

CHINA'S global imports soared and exports remained strong in January, while its...
PUBLISHED Feb 9, 2018 05:50 AM

Anti-China bill softens after US firms complain

PROPOSED legislation in Congress aimed at preventing China from acquiring sensitive...
PUBLISHED Feb 9, 2018 05:50 AM

LIFE & CULTURE

Sponsors shy away from Winter Olympics

WHEREVER they are held, the Olympics are a chance for big-name local sponsors to show...
PUBLISHED Feb 9, 2018 05:50 AM

Met gets to keep iconic Picasso work

THE Metropolitan Museum of Art will be able to keep one of its most famous Pablo Picasso...
PUBLISHED Feb 9, 2018 05:50 AM

OPINION

EDITORIAL

Putting a spring in Singapore enterprise, regardless of size or sector

THE merger of International Enterprise Singapore and Spring Singapore - announced last...
PUBLISHED Feb 9, 2018 05:50 AM

Are long-tenure directors bad for effective corporate governance?

THE length of director tenure, and therefore the value of setting term limits, has...
PUBLISHED Feb 9, 2018 05:50 AM
THE BOTTOM LINE

Trucking and the future of work

THE future of trucking may tell us a lot about the future of work. It is no secret that...
PUBLISHED Feb 9, 2018 05:50 AM

Banking will be shaken up - by tech giants, not fintech startups

IN cash-abundant Silicon Valley, there is a myth that any college dropout with a hoodie...
PUBLISHED Feb 9, 2018 05:50 AM
COMMENTARY

The market collapse blame game

ACCORDING to an old proverb, success has many fathers, but failure is an orphan. That...
PUBLISHED Feb 9, 2018 05:50 AM
COMMENTARY

Flight crews, please do turn on your electronic devices

A PARADOX exists in air travel, in my opinion. An airplane is one of the most...
PUBLISHED Feb 9, 2018 05:50 AM

Lifestyle

Hit-and-miss dining at Lavo

LAVO. Marina Bay Sands.
PUBLISHED Feb 9, 2018 05:50 AM

Don't judge a wine by the grape on its label

THE word "varietal" is among the most misused in wine...
PUBLISHED Feb 9, 2018 05:50 AM

Made To Order

Imagine staying in a castle in the Scottish Highlands, throwing a party for your pals...
PUBLISHED Feb 9, 2018 05:50 AM

James Foley

APPROPRIATELY ENOUGH for someone in the movie business, director James Foley lives in a...
PUBLISHED Feb 9, 2018 05:50 AM

Deep Sea Adventure

Fancy yourself an underwater explorer? Airbnb and BBC Worldwide recently announced that...
PUBLISHED Feb 9, 2018 05:50 AM

Best Foot Forward

ASICS has partnered with Novak Djokovic to launch a new tennis shoe named after the...
PUBLISHED Feb 9, 2018 05:50 AM

Save The Kitties

The Year of the Dog is coming soon, but that doesn't mean we should neglect furry...
PUBLISHED Feb 9, 2018 05:50 AM

Swing By The Quay

Jazz and Chinese food add up to a unique recipe for a special night out when VLV - a...
PUBLISHED Feb 9, 2018 05:50 AM

Thai Art Superstar

One of Thailand's most famous artists, Natee Utarit executes paintings in the style...
PUBLISHED Feb 9, 2018 05:50 AM

51 And Still Rocking

In recent years, the 51-year-old band Fleetwood Mac has enjoyed something of a...
PUBLISHED Feb 9, 2018 05:50 AM

Cult Favourites

Highly acclaimed Australian thriller Killing Ground (pictured) is set to get a one-off...
PUBLISHED Feb 9, 2018 05:50 AM

Valentine Blooms

If you're walking along Robertson Quay on Feb 14 and someone asks you to buy a rose...
PUBLISHED Feb 9, 2018 05:50 AM

True Romance

FOR ONE NIGHT A YEAR, regardless of race, language or dietary restrictions, real people...
PUBLISHED Feb 9, 2018 05:50 AM

Hygge House

IF NOT FOR THE TROPICAL PLANTS outside Calvin Chan and Zoe Luo's home, this four-...
PUBLISHED Feb 9, 2018 05:50 AM

Wheat Inspiration

LEGENDARY DESIGNER Gabrielle "Coco" Chanel was born in Aug 19, 1883, during the...
PUBLISHED Feb 9, 2018 05:50 AM

Lucky In Love

The second capsule collection dropped in stores early last month, so hurry and grab what...
PUBLISHED Feb 9, 2018 05:50 AM

Holiday Mood

In Chinese mythology, the Dragon, Phoenix, Tiger and Turtle represent the four celestial...
PUBLISHED Feb 9, 2018 05:50 AM

Cutting Edge

B&O Play, which sprung from famed Danish audio brand Bang & Olufsen in 2012 to...
PUBLISHED Feb 9, 2018 05:50 AM

Limited Time For The Ladies

Spurred by the #MeToo movement, women are in the spotlight - but not at last month's...
PUBLISHED Feb 9, 2018 05:50 AM

Betting on batik

NOT ALL CLOTHS ARE CREATED EQUAL. Prolific in Asia but underrated in the West, the batik...
PUBLISHED Feb 9, 2018 05:50 AM

BREAKING NEWS

Feb 23, 2018 10:19 PM

Pay more or get less, EU leaders told at summit

[BRUSSELS] European Union leaders faced calls at a Brussels summit on Friday to "pay more" to fill a Brexit-...
Feb 23, 2018 10:03 PM

US shale investors still waiting on payoff from oil boom

[HOUSTON] US oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors...
Feb 23, 2018 09:35 PM

AEM Holdings full-year net profit soars to S$31.5m in FY16

SEMICONDUCTOR equipment maker AEM Holdings has reported a full-year net profit of S$31.5 million for the year ended Dec...
Feb 23, 2018 09:31 PM

Yeo Hiap Seng Q4 profit falls 25.6% to S$7.7m

YEO Hiap Seng's (YHS's) net profit for the three months ended Dec 31 fell 25.6 per cent to S$7.7 million from...
Feb 23, 2018 09:26 PM

India Exchange asks indexers to stay out of offshore dispute

[MUMBAI] India's biggest exchange operator, which ended licensing deals with its global counterparts in an...
Feb 23, 2018 09:03 PM

GSH back in black with a net profit of S$37.8m in Q4

AN increase in sales from its Eaton Residences project in Kuala Lumpur and higher room occupancy and average room rates...
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