TOP STORIES
Services 'not strong enough' to mitigate Singapore economy's slowdown
WITH manufacturing caught in the doldrums, Singapore's services sector may seem like a...
Government, firms must work more closely together: Heng
THE Singapore government and the corporate sector must work more closely together,...
Winners set pace for corporate governance excellence
THE Singapore Corporate Awards (SCA) 2019 on Tuesday honoured 38 companies and six...
Headline, core inflation ease in June
SINGAPORE’S headline inflation eased in June, ending a four-month streak of edging...
Singapore CBD Grade A office rents hit 10-year high: Colliers
GRADE A office rents in Singapore's central business district (CBD) rose for the...
JLC law firm seeks S$32.1m from two companies and their owner
JLC Advisors, the law firm at the heart of Allied Technologies' missing S$33 million...
Trax raises US$100m to expand in China, globally
TRAX, a GIC-backed startup providing computer vision and in-store analytics for the...
Co-living firm Hmlet raises S$40m; opens 150-room Tg Pagar facility
SINGAPORE-BASED co-living company Hmlet has raised US$40 million in a Series B round,...
STOCKS
Malaysia: Shares open higher on Wednesday
MALAYSIA share prices opened higher on Wednesday with the FTSE Bursa Malaysia Kuala...
COMPANIES & MARKETS
Singtel doubles down on digital at AGM
THE future of Singtel's digital businesses was at the fore of investors' minds on...
Singtel job cuts were at overseas unit: CEO
SINGTEL chief executive Chua Sock Koong rebuffed talk of layoffs at the mainboard-...
Corporate digest
THE Catalist-listed firm has unsuccessfully appealed the Hong Kong Exchange's decision...
CapitaLand Mall Trust raises Q2 DPU by 3.9% on higher Westgate contribution
CAPITALAND Mall Trust (CMT) raised its second-quarter distribution per unit (DPU) by 3...
FCT's Q3 DPU slips 1.7% on expanded unit base
CONTRIBUTIONS from Frasers Centrepoint Trust (FCT)'s holdings in associates PGIM Real...
Mapletree Industrial Trust's Q1 DPU rises 3.3%
MAPLETREE Industrial Trust's (MIT) distribution per unit for the fiscal first quarter...
Top investors lose US$1 billion as China's Nasdaq-style board reverses on day 2
THE biggest shareholders in China's new Nasdaq-style STAR Market lost a combined US$1...
Chinese investors are playing a game of hot potato
THE star that burns the brightest may also burn out fastest. Investors tempted by the...
AA Group dragged into debacle involving Epicentre chairman
THE debacle that has enveloped former Apple reseller Epicentre Holdings seems to be...
Nico Steel says it can meet S$40m market cap to exit watch-list in 'reasonable time'
MAINBOARD-LISTED metals supplier Nico Steel Holdings said it will be able to meet the...
Luzhou Bio-Chem, DLF warn of losses
CORN products maker Luzhou Bio-Chem Technology and engineering company DLF Holdings on...
Low inflation data sees STI stocks bounce
SINGAPORE stocks bounced back from the previous day's decline after official data...
Brokers' take
Frasers Commercial Trust's (FCOT) Q3/9M FY19 results are in line with estimates. The...
Dollar rises to 2-week high on debt deal
THE dollar firmed to a two-week high versus its rivals on Tuesday, a day after US...
REAL ESTATE
4-bedroom unit at Sculptura Ardmore sold for S$4,687 psf
A FOUR-BEDROOM apartment at SC Global Developments' Sculptura Ardmore development has...
Lakepoint condo up for collective sale with S$640m reserve price
LAKEPOINT Condominium near Jurong Lake District, positioned as Singapore's second...
Oei Hong Leong wins long-running court fight over redevelopment of Vancouver property
SINGAPORE businessman Oei Hong Leong has won a long-running court battle involving one...
Chinese property bonds' time in the sun may end soon
CHINESE developer bonds' healthy run may be coming to an end.
BANKING & FINANCE
EU banks on lookout for ECB sweeteners
BANKS are waiting to hear how Mario Draghi plans to sweeten the bitter pill of more...
Greek PM gets 'show me' treatment from investors
FOR a glimpse of what life under Kyriakos Mitsotakis may look like, Greeks need only...
Two funds merge to form Australia's second-largest pension fund
FIRST State Super and VicSuper said on Tuesday that they have signed a binding deal to...
ENERGY & COMMODITIES
Crude futures pricing in Hormuz tensions, physical oil not so much
CRUDE oil markets are having to grapple with how to price the risk of an escalation in...
Saudi Arabia set to build first wind power plant
SAUDI Arabia, the world's biggest oil exporter, is poised to start generating wind...
JXTG to shut Osaka refinery venture with PetroChina as demand falls
JXTG Holdings, Japan's biggest oil refiner, said on Tuesday it plans to close a 115,...
Bunge, BP merge Brazil ops to create world's No 3 sugarcane processor
US commodities trader Bunge Ltd and British energy company BP Plc said on Monday they...
TECHNOLOGY
Chipmaker AMS upbeat on outlook, relooks takeover
AUSTRIAN Apple supplier AMS expects a recovery in demand for its optical sensors to...
Huawei's US research unit slashes jobs
CHINA'S Huawei Technologies laid off more than two-thirds of the 850-strong workforce...
Fraudsters exploit interest in Libra digital currency
FRAUDSTERS are out to cash in on interest in Facebook-backed digital currency Libra,...
CONSUMER
Hermes defies trade tensions as China leads growth
GLOBAL trade tensions may have sapped growth for many firms, but luxury handbag maker...
TRANSPORT
Fitch, Moody's cut Boeing's outlook to negative on 737 Max problems
FITCH Ratings and Moody's lowered their outlook for Boeing to "negative" from "stable...
Worrying about alarms
ON THE elderly small training vessel which I skipper frequently there are very few...
Khazanah hires Morgan Stanley to chart M'sia Airlines strategy: sources
KHAZANAH Nasional Bhd has hired Morgan Stanley to explore strategic options for...
GOVERNMENT & ECONOMY
New UK PM Johnson vows to deliver Brexit
BORIS Johnson, the Brexiteer who has promised to lead Britain out of the European...
China: 'Arduous efforts' needed to meet 2019 industrial output goal
CHINA'S industry ministry said on Tuesday that "arduous efforts" will be needed to...
IMF lowers global growth forecasts as trade, Brexit uncertainties persist
THE International Monetary Fund (IMF) on Tuesday lowered its forecast for global...
Soaring Swiss franc raises intervention stakes as ECB prepares to ease
SWITZERLAND'S franc has surged against the euro to its strongest in two years as...
LIFE & CULTURE
Joseph Schooling to add buzz to BT golf league
IN ADDITION to having fun, The Business Times Corporate Golf League is set to...
Bangladesh invents plastic alternative from jute
AS COUNTRIES around the world try to cut down on throwaway plastic shopping bags,...
Top tourism spots become victims of their own success
IT IS not the sheer number of tourists descending on Venice that bothers Italian food...
EXECUTIVE MONEY
Singaporeans unprepared for health costs of longer lives
NEARLY half of healthcare practitioners believe Singaporeans will be hard-pressed to...
AIA plan aims to plug protection, wealth creation gaps for HNW clients
THE affluent in Singapore are not confident about their ability to create wealth for...
Virtuous circle developing with more firms investing in ESG
PUBLIC interest in sustainable investing - also known as ESG (environmental, social...
OPINION
Digital literacy - the language for tomorrow's workforce
WHEN Singapore announced earlier this month that from 2020, all upper primary students...
Identity to dominate 2020 US election race?
SINCE the 2008 financial crisis and the ensuing Great Recession, the political...
Modi should prioritise policy predictability over reforms
IN its first budget since storming back to power in May, Indian Prime Minister...
New British PM will face Iran challenge
WITH a transition of power underway in London, the nation is facing into a gathering...
Asia's growing importance in the global economy
ASIA'S economic footprint, in particular Emerging Asia's, has grown significantly....
Incoming EC chief begins in weak position
AT its June 30-July 2 meeting, the European Council nominated German Defence Minister...
BREAKING NEWS
US ups price for investors seeking permanent residency permit
[WASHINGTON] Individuals hoping for an American green card in exchange for making a major US financial investment...
ISOTeam to buy group of 6 construction management firms for S$24m
CATALIST-LISTED ISOTeam will buy Coney International Ltd's entire stake in Pure Group, comprising six construction...
US may have downed two Iranian drones last week: general
[WASHINGTON] A US warship may have brought down two Iranian drones during a stand-off in the Gulf last week, the...
Frasers Property unit to issue S$200m fixed-rate subordinated perps above par
FRASERS Property’s wholly owned subsidiary, Frasers Property Treasury (FPT), is proposing to issue S$200 million of...
Stocks to watch: MIT, Venture Corp, Sembcorp, Frasers Property, Yoma, ISOTeam, MTQ
THE following companies saw new developments that may affect trading of their shares on Wednesday:
US announces antitrust review of Big Tech firms
[WASHINGTON] The United States on Tuesday announced it would begin an antitrust review of major online platforms to...
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