Thursday, Mar 15, 2018

TOP STORIES

Banks commit to reskill, redeploy staff amid tech changes

WITH the government signalling late last year that banks should take up the...
PUBLISHED Mar 15, 2018 05:50 AM

IOI Properties removes HK Land as partner for prime CBD project

IT looks like Malaysia's IOI Properties will remain solely responsible for the mixed...
PUBLISHED Mar 15, 2018 05:50 AM

Disruptors of the watch scene in BT Weekend magazine

CAN'T decide what watch to wear today? Rolex? AP? Panerai? This isn't the...
PUBLISHED Mar 15, 2018 05:50 AM

Global trade war biggest risk for Singapore, say economists

PRIVATE-SECTOR economists have flagged the threat of a global trade war as the biggest...
PUBLISHED Mar 15, 2018 05:50 AM

MAS to reduce duplication, automate data submission from financial institutions

THE Monetary Authority of Singapore (MAS) is aiming to eliminate all duplication in data...
PUBLISHED Mar 15, 2018 05:50 AM
INDONESIA WATCH

Presidential race shaping up to be a rematch between Jokowi and Prabowo

THE next presidential election in Indonesia may still be more than a year away but the...
PUBLISHED Mar 15, 2018 05:50 AM

PM Lee in Sydney for Asean-Australia meetings

PRIME MINISTER Lee Hsien Loong is on an official visit to Australia from Thursday to...
PUBLISHED Mar 15, 2018 05:50 AM

Uber puzzles industry with carpool launch

UBER on Wednesday launched Uber Commute in Singapore, baffling industry watchers who told...
PUBLISHED Mar 15, 2018 05:50 AM
COMMENTARY

Towards being a global infrastructure hub

THERE is a universal need for continued investment in both greenfield and ageing...
PUBLISHED Mar 15, 2018 05:50 AM

Ex-GM of Ang Mo Kio Town Council charged with accepting S$107,000 worth of bribes

A FORMER general manager and secretary of Ang Mo Kio Town Council, who allegedly took...
PUBLISHED Mar 15, 2018 05:50 AM

COMPANIES & MARKETS

Noble creditors sign debt restructuring deal

NOBLE Group has signed a restructuring support agreement (RSA) with an expanded group of...
PUBLISHED Mar 15, 2018 05:50 AM

Prudential to split into two by spinning off its UK, Europe business from the rest

BRITISH insurer Prudential will be separating its UK and Europe business from the...
PUBLISHED Mar 15, 2018 05:50 AM

APAC Realty in marketing deal with Chinese real estate firm MLN Overseas

APAC Realty, which owns ERA Realty Network in Singapore, signed an agreement with Chinese...
PUBLISHED Mar 15, 2018 05:50 AM

Corporate digest

IPCO International interim CEO Goh Hin Calm voluntarily resigned from his post on...
PUBLISHED Mar 15, 2018 05:50 AM
HOCK LOCK SIEW

Cash and mobile banking can be sound proposition in emerging markets

IT WOULD seem odd to put the two together: cash and mobile banking. But the strange...
PUBLISHED Mar 15, 2018 05:50 AM

OCBC sets up in-house AI unit with initial investment of S$10m over 3 years

AN in-house unit to develop artificial intelligence (AI) capabilities has been...
PUBLISHED Mar 15, 2018 05:50 AM

BOC Aviation posts record profit of US$587m for 2017

ASIA'S second-biggest aircraft lessor, BOC Aviation Ltd, posted a better than...
PUBLISHED Mar 15, 2018 05:50 AM

Adidas Q4 revenue up 12% on China, US sales and retro trend

ADIDAS sent a message to investors who had feared a hard landing for the company's...
PUBLISHED Mar 15, 2018 05:50 AM
STOCKS

STI falls 0.4% as regional markets weaken

A RETURN of risk-off sentiments drove the Singapore bourse's key index to snap four...
PUBLISHED Mar 15, 2018 05:50 AM

Brokers' take

With the increasing usage of fibre broadband services for day-to-day activities driven by...
PUBLISHED Mar 15, 2018 05:50 AM
CURRENCIES

Dollar eyes one-month lows as fears of trade war grow

THE dollar was pinned near one-week lows on Wednesday as news that the United States is...
PUBLISHED Mar 15, 2018 05:50 AM

REAL ESTATE

Fragrance buys Jervois block for S$46.3m; Eu Realty sells two shophouses

A UNIT of Fragrance Group has bought Lotus at Jervois, a four-storey freehold apartment...
PUBLISHED Mar 15, 2018 05:50 AM

Condo rents up 1% in Feb, HDB rents up 0.5%: SRX

PRIVATE non-landed home rents rose by 1 per cent in February 2018 from a month ago,...
PUBLISHED Mar 15, 2018 05:50 AM

Minbu Villa up for collective sale with S$145.8m reserve price

THE collective sale fever in Singapore is showing no signs of abating with Minbu Villa, a...
PUBLISHED Mar 15, 2018 05:50 AM

Discontent over New Zealand's ban on foreign home buyers

RICH-LISTERS like Californian billionaire Ric Kayne have issued a warning to New Zealand...
PUBLISHED Mar 15, 2018 05:50 AM

China's Jan-Feb property investment up 9.9%

CHINA'S real estate investment over the first two months of 2018 grew at it...
PUBLISHED Mar 15, 2018 05:50 AM

BANKING & FINANCE

Hedge funds drawing SEC scrutiny in crypto crackdown

WALL Street's main regulator has a new worry in its race to keep tabs on the...
PUBLISHED Mar 15, 2018 05:50 AM

Life insurance body acts on hiring perks

THE Life Insurance Association (LIA) Singapore has adopted measures aimed at addressing...
PUBLISHED Mar 15, 2018 05:50 AM

China imposes 5.5b yuan fine for manipulation

CHINA slapped a company with fines totalling 5.5 billion yuan (S$1.1 million) for...
PUBLISHED Mar 15, 2018 05:50 AM

ENERGY & COMMODITIES

PCS opens US$80m naphtha import facilities on Jurong Island

PETROCHEMICAL Corporation of Singapore (PCS) on Wednesday marked the official opening of...
PUBLISHED Mar 15, 2018 05:50 AM

Tokyo Gas wins destination flexibility from new Malaysia LNG purchase

TOKYO Gas said on Wednesday that it has signed a heads of agreement to buy long-term...
PUBLISHED Mar 15, 2018 05:50 AM

China's steel production up despite govt's winter curbs

CHINA'S daily steel output rose in January and February as mills in the world's...
PUBLISHED Mar 15, 2018 05:50 AM

TECHNOLOGY

Broadcom to end Qualcomm bid; keeps plan to move to US

SINGAPORE-BASED Broadcom Ltd is planning to scrap its bid for Qualcomm Inc, after US...
PUBLISHED Mar 15, 2018 05:50 AM

Robot rides are going to deliver pizza and parcels before they transport people

IN THE wait for self-driving technology, cellphone-toting tech bros may have to cede...
PUBLISHED Mar 15, 2018 05:50 AM

Google to ban cryptocurrency, initial coin offering ads

GOOGLE will ban online advertisements promoting cryptocurrencies and initial coin...
PUBLISHED Mar 15, 2018 05:50 AM

CONSUMER

Zara owner Inditex reports slowdown in sales, weaker margin

INDITEX SA, the world's largest clothing retailer, reported a slowdown in sales and...
PUBLISHED Mar 15, 2018 05:50 AM

It's a culinary party at New York's casual Indian restaurants

SOME new restaurants you just know are going to be copied like Chanel handbags. I was...
PUBLISHED Mar 15, 2018 05:50 AM

Walmart beefs up grocery delivery as battle with Amazon intensifies

WALMART INC plans to expand its grocery home-delivery service to more than 100 metro...
PUBLISHED Mar 15, 2018 05:50 AM

Amazon launches first debit card in Mexico to woo shoppers without bank accounts

AMAZON.COM Inc launched its first-ever debit card on Tuesday in Mexico, part of a push to...
PUBLISHED Mar 15, 2018 05:50 AM

TRANSPORT

The worst seems to be over for Cathay Pacific

CATHAY Pacific posted a smaller-than-expected annual loss due to a rebound in the cargo...
PUBLISHED Mar 15, 2018 05:50 AM

Flying taxis almost a reality as Google guru tests them in NZ

PILOT-LESS flying taxis are being tested in New Zealand as part of a project backed by...
PUBLISHED Mar 15, 2018 05:50 AM

Greek students' electric car catches Tesla's attention

WHEN a group of Greek students dreamt up the Pyrforos electric vehicle, they never...
PUBLISHED Mar 15, 2018 05:50 AM

Iran Air to allow women pilots for the first time

IF YOU'RE on a flag-carrying airplane in Iran, you might look up soon to see that...
PUBLISHED Mar 15, 2018 05:50 AM

GOVERNMENT & ECONOMY

China data points to solid Q1 economic growth

CHINA'S industrial output grew more strongly than expected at the start of the year...
PUBLISHED Mar 15, 2018 05:50 AM

Britain to expel 23 Russian diplomats over attempted murder of ex-spy

BRITAIN will expel 23 Russian diplomats in retaliation for the nerve agent attack on a...
PUBLISHED Mar 15, 2018 05:50 AM
LATEST US DATA

Retail sales dip for third straight month in Feb

US retail sales fell for a third straight month in February as households cut back on...
PUBLISHED Mar 15, 2018 05:50 AM
COMMENTARY

Japan would lose voice of prudence if scandal brings down Aso

IF the cronyism scandal that has paralysed Parliament in Japan ends up swallowing veteran...
PUBLISHED Mar 15, 2018 05:50 AM

LIFE & CULTURE

COMPANY OF GOOD

CrimsonLogic brings out the fun in coding

BUILDING solutions for large government clients has certainly given tech company...
PUBLISHED Mar 15, 2018 05:50 AM

Tributes pour in as world mourns death of genius Stephen Hawking

RENOWNED British physicist Stephen Hawking, whose mental genius and physical disability...
PUBLISHED Mar 15, 2018 05:50 AM

Scores of activities for The Fullerton Building's 90th anniversary

MORE than 90 vintage and classic cars, as well as supercars from the world over, will be...
PUBLISHED Mar 15, 2018 05:50 AM

OPINION

More coherent foreign policy post-Tillerson?

YOU haven't responded to the guy's 72 text messages, ignored his 98 phone calls...
PUBLISHED Mar 15, 2018 05:50 AM
COMMENTARY

Asian healthcare hits investment sweet spot, but beware heady valuations

THE healthcare sector in South-east Asia and India hits the sweet spot for private equity...
PUBLISHED Mar 15, 2018 05:50 AM
THE BOTTOM LINE

How powerful is the Fed?

IT IS March 2009. The American economy is rapidly collapsing. The previous month, payroll...
PUBLISHED Mar 15, 2018 05:50 AM

The future of women in Asean: Three priorities for govts

ASEAN women have made great progress as an economic contributor over the last 50 years...
PUBLISHED Mar 15, 2018 05:50 AM
COMMENTARY

Putin win puts relations with West in jeopardy

RUSSIA goes to the polls on Sunday for a presidential election that will almost certainly...
PUBLISHED Mar 15, 2018 05:50 AM
COMMENTARY

Game of Steel: lots of signals, but little substance

AMID the rhetoric and prognostications around US tariff imposition on steel and aluminium...
PUBLISHED Mar 15, 2018 05:50 AM
LETTER TO THE EDITOR

Pearl Bank Apartments: What sort of consent was needed

IN his letter "Conservation vs en bloc sale: Money talks louder?" (BT, Feb 23...
PUBLISHED Mar 15, 2018 05:50 AM

BREAKING NEWS

Apr 20, 2018 08:19 PM

Emotions run at UOB shareholders' meet, first time in 60 years without Wee Cho Yaw

UNITED Overseas Bank's annual shareholders meeting began on an emotional note on Friday as chief executive Wee Ee...
Apr 20, 2018 08:09 PM

GE's adjusted profit tops estimates, shares rise

[BENGALURU] General Electric Co posted quarterly results that topped expectations on Friday, as earnings from aviation...
Apr 20, 2018 06:19 PM

Gold slips as US rate rise hopes, easing global tensions weigh

[BENGALURU] Gold prices inched lower on Friday and were headed for the first weekly decline in three weeks as...
Apr 20, 2018 06:17 PM

European firms fight for LNG supplies, Norway's Yara says

[OSLO] Europe's high natural gas prices are pushing energy-intensive industries across the continent to secure...
Apr 20, 2018 06:06 PM

Opec, Russia find reasons to keep cutting output after hitting goal

[LONDON] The oil stockpile surplus that's weighed on prices for three years is all but gone, but instead of...
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