TOP STORIES

DBS to merge retail equities trading into bank by year-end

DBS, Southeast Asia's largest bank by market value, will transfer its retail equity...
PUBLISHED Feb 21, 2019 05:50 AM
SINGAPORE BUDGET 2019

Reits sector gets big boost from lifting of sunset clause on tax exemption

FOR Singaporeans investing in real estate investment trusts (Reits), Finance Minister...
PUBLISHED Feb 21, 2019 05:50 AM

Who says Singapore talents don't push the creativity envelope?

WHO says Singapore can't produce cutting-edge talent? Just check out this bunch:...
PUBLISHED Feb 21, 2019 05:50 AM
SINGAPORE BUDGET 2019

More transparency sought for foreign worker criteria

BUSINESSES are calling for the government to shed more light on the required criteria to...
PUBLISHED Feb 21, 2019 05:50 AM

Tax break mitigates diesel duty hike - but cushion is temporary

TRANSPORT and logistics companies are thankful for the diesel road tax rebate to help...
PUBLISHED Feb 21, 2019 05:50 AM

PropNex to take over agents from China Real Estate unit

CONSOLIDATION in the real estate agency industry continues, with PropNex Realty entering...
PUBLISHED Feb 21, 2019 05:50 AM
SINGAPORE BUDGET 2019

Singapore's energy players to feel heat of carbon tax only marginally

SINGAPORE's move to tax carbon-intensive industries could hurt energy players here,...
PUBLISHED Feb 21, 2019 05:50 AM

COEs end mostly higher in latest tender

CERTIFICATES of entitlement (COE) ended mostly higher in the latest tender on Wednesday...
PUBLISHED Feb 21, 2019 05:50 AM

 IMDA to make telco bills more transparent

THE Infocomm Media Development Authority (IMDA) is planning new rules to make telco bills...
PUBLISHED Feb 21, 2019 05:50 AM

COMPANIES & MARKETS

CapitaLand taking step back from Singapore housing sector unless price is good

CAPITALAND, which is planning to launch two Singapore residential projects this year,...
PUBLISHED Feb 21, 2019 05:50 AM

SembMarine posts fourth quarter net earnings of S$6m

SEMBCORP Marine's fourth-quarter net profit fell 95 per cent to S$5.9 million from S...
PUBLISHED Feb 21, 2019 05:50 AM

SBI Offshore inks reverse takeover term sheet

WITH one week left on the clock before it must justify the viability of its listing...
PUBLISHED Feb 21, 2019 05:50 AM

Great Eastern Q4 profit falls 68% to S$137m on market volatility

GREAT Eastern reported on Wednesday a 68 per cent fall in net profit for the fourth...
PUBLISHED Feb 21, 2019 05:50 AM

CHA takes larger stake in SMG to grow healthcare partnership

CATALIST-LISTED healthcare play Singapore Medical Group (SMG) on Wednesday announced that...
PUBLISHED Feb 21, 2019 05:50 AM

Corporate digest

F&B chain BreadTalk has bought out its partner in a joint venture in Thailand,...
PUBLISHED Feb 21, 2019 05:50 AM
HOCK LOCK SIEW

E-commerce tax: not in Budget, but on the horizon

MUCH Of this week's news coverage has focused on the measures announced on Monday in...
PUBLISHED Feb 21, 2019 05:50 AM

MAS, EU body jointly address interest rate swap rules

A COMMON stance on derivatives trading platforms will connect two markets, boost...
PUBLISHED Feb 21, 2019 05:50 AM

China Everbright Water net profit up 32% to HK$676m on higher revenue

CHINA Everbright Water's net profit rose 32 per cent to HK$676.5 million (S$116.5...
PUBLISHED Feb 21, 2019 05:50 AM

Sunvic Chemical to form panel to probe into guarantees for 222.5m yuan in loans

SUNVIC Chemical Holdings will be appointing, at the request of its independent directors...
PUBLISHED Feb 21, 2019 05:50 AM

iFast Q4 bottom line up 46% to S$2.6m

A ONE-OFF gain of S$740,000 from the sale of an online insurance platform gave a lift to...
PUBLISHED Feb 21, 2019 05:50 AM
STOCKS

STI up on active day for local stocks

SINGAPORE shares were revived on Wednesday, after a tepid start to the week, with a fair...
PUBLISHED Feb 21, 2019 05:50 AM

Brokers' take

We remain bullish on Sasseur Reit's prospects given its exposure to the fast-growing...
PUBLISHED Feb 21, 2019 05:50 AM
CURRENCIES

Yuan hits 3-week high on trade deal optimism

THE US dollar paused on Wednesday as traders positioned ahead of the release of monetary...
PUBLISHED Feb 21, 2019 05:50 AM

REAL ESTATE

OrangeTee transforming into 'TechProp' company

MANY people have heard of proptech (property technology) these days, but real estate...
PUBLISHED Feb 21, 2019 05:50 AM

Vietnam fast becoming haute new market for luxe property

THE Grand Manhattan embraces the latest in New York living.
PUBLISHED Feb 21, 2019 05:50 AM

HK to partially develop controversial Fanling golf course for housing

HONG Kong earmarked a slice of its historic Fanling golf course for public housing on...
PUBLISHED Feb 21, 2019 05:50 AM

US housing sector in a slump, but unlikely to cause recession

THE United States has had 11 recessions since the end of World War II. All but two were...
PUBLISHED Feb 21, 2019 05:50 AM

BANKING & FINANCE

Lloyds bank 2018 profit jumps 27% despite Brexit uncertainty

BRITAIN'S Lloyds Banking Group announced surging 2018 profits on Wednesday on lower...
PUBLISHED Feb 21, 2019 05:50 AM

BNP Paribas seeking RMs in Asia as it mulls over Indonesia push

BNP Paribas is hiring relationship managers in Asia and considering a push into more of...
PUBLISHED Feb 21, 2019 05:50 AM

Swedbank behind 40b kronor in suspect transfers: report

THE biggest bank operating in the Baltic region, Swedbank AB of Sweden, has become the...
PUBLISHED Feb 21, 2019 05:50 AM

Danske thrown out of Estonia after country is drawn into probe

IT'S NOT every day that a bank gets thrown out of a country. But on Tuesday, Estonia...
PUBLISHED Feb 21, 2019 05:50 AM

China's yuan rally seen short-lived despite trade optimism

AS TRADERS pile into China's yuan on bets authorities will keep the currency steady...
PUBLISHED Feb 21, 2019 05:50 AM

ENERGY & COMMODITIES

Keppel O&M delivers jackup rig under sale-and-leaseback deal

KEPPEL Offshore & Marine (Keppel O&M) has delivered a jackup rig to Mexican...
PUBLISHED Feb 21, 2019 05:50 AM

SHS warns of possible project default on financing woes

CONSTRUCTION firm SHS Holdings' delayed solar power project in Bangladesh could face...
PUBLISHED Feb 21, 2019 05:50 AM
PUBLISHED Feb 21, 2019 05:50 AM

Palladium tops US$1,500 as shortage ignites rally

PALLADIUM burst above US$1,500 to hit a record, extending a powerful rally driven by an...
PUBLISHED Feb 21, 2019 05:50 AM

TECHNOLOGY

Russian hackers targeted European research groups, says Microsoft

A GROUP of hackers associated with Russian intelligence targeted civil society groups...
PUBLISHED Feb 21, 2019 05:50 AM

Huawei issue opens rift between US and European mobile carriers

A GROUP representing top US mobile service providers disagreed with European counterparts...
PUBLISHED Feb 21, 2019 05:50 AM

US has early lead in race to 5G wireless tech, says report

US policymakers keep wringing their hands over a competition with China to build the...
PUBLISHED Feb 21, 2019 05:50 AM

CONSUMER

Ruthless meth networks keep Myanmar hooked

MOBS of stick-wielding church-goers in Myanmar's northeast used to descend on...
PUBLISHED Feb 21, 2019 05:50 AM

Lagerfeld's heirs apparent emerge at Chanel and Fendi

THE death of Chanel legendary designer and mastermind Karl Lagerfeld this week has left...
PUBLISHED Feb 21, 2019 05:50 AM

Property downturn blamed for slump among Australia's major supermarkets

AUSTRALIA'S biggest supermarket chain Woolworths Group Ltd warned of a prolonged...
PUBLISHED Feb 21, 2019 05:50 AM

Burberry shirt featuring a noose for drawstrings creates furore

ANOTHER fashion debut, another designer brand facing accusations of insensitivity. This...
PUBLISHED Feb 21, 2019 05:50 AM

TRANSPORT

Cathay Pacific profit to double estimates

HONG KONG'S Cathay Pacific Airways Ltd projected its annual profit at more than...
PUBLISHED Feb 21, 2019 05:50 AM

Committee opposes appointing Renault chairman to lead Nissan board: sources

AN EXTERNAL committee tasked by Nissan Motor Co to help improve corporate governance at...
PUBLISHED Feb 21, 2019 05:50 AM

Ford to close Brazil plant, exit S America truck business

Ford Motor Co said on Tuesday it will close its oldest factory in Brazil and exit its...
PUBLISHED Feb 21, 2019 05:50 AM

Electric cars lone bright spot in China auto industry

ELECTRIC cars are holding their own in China, the world's biggest auto market, even...
PUBLISHED Feb 21, 2019 05:50 AM

US$929m funding for California high-speed rail project cancelled

THE US Transportation Department said on Tuesday it will cancel US$929 million in federal...
PUBLISHED Feb 21, 2019 05:50 AM

GOVERNMENT & ECONOMY

Independent centrist party likely as Tory 'remainers' boost anti-Brexit ranks

THE United Kingdom is likely to soon have a growing centrist Independent Party which will...
PUBLISHED Feb 21, 2019 05:50 AM

Saudi Prince sees value in US$100b investment in India

SAUDI ARABIA'S Crown Prince Mohammed bin Salman said on Wednesday he saw investment...
PUBLISHED Feb 21, 2019 05:50 AM

LIFE & CULTURE

Globetrotters power into Singapore

THE Harlem Globetrotters basketball team is easily the most travelled sports team in the...
PUBLISHED Feb 21, 2019 05:50 AM

Will Lagerfeld's pet feline Choupette inherit his millions?

KARL LAGERFELD'S cat Choupette was already the most famous cat in fashion. Now the...
PUBLISHED Feb 21, 2019 05:50 AM

Hanoi barber makes headlines with free Trump-Kim haircuts

FOR those who like to push the cutting edge of style, two of the world's most talked...
PUBLISHED Feb 21, 2019 05:50 AM

OPINION

Is America becoming a four-party state?

IN case you have not noticed, long-established political parties across the democratic...
PUBLISHED Feb 21, 2019 05:50 AM
THE BOTTOMLINE

Keeping the peace in US-China talks

ONGOING US-China trade talks are a skirmish in what could become a protracted struggle...
PUBLISHED Feb 21, 2019 05:50 AM
EDITORIAL

Timely emphasis on cybersecurity as a new pillar of total defence

IT is a reflection of the uncertain global environment that Singapore's 2019 Budget...
PUBLISHED Feb 21, 2019 05:50 AM

Beacons of light for Asean manufacturers

NO longer the stuff of technological aspiration, the Fourth Industrial Revolution is here...
PUBLISHED Feb 21, 2019 05:50 AM
COMMENTARY

Multi-party derivatives trading reshape legacy structures

"There is a difference between what technology enables and what historical business...
PUBLISHED Feb 21, 2019 05:50 AM
COMMENTARY

Long, difficult road ahead for Venezuela as calls for reform gather pace amid economic disaster

THE world has witnessed many sharp economic declines over the years, but Venezuela's...
PUBLISHED Feb 21, 2019 05:50 AM

BREAKING NEWS

Feb 21, 2019 07:04 AM

Microsoft says discovers hacking targeting democratic institutions in Europe

[LONDON] Microsoft Corp on Wednesday said it had discovered cyber attacks directed at democratic institutions, think...
Feb 21, 2019 07:00 AM

Trump threatens tariffs on EU if no trade deal reached

[WASHINGTON] US President Donald Trump threatened on Wednesday to impose tariffs on European auto imports if he is...
Feb 21, 2019 06:58 AM

New Zealand advisory group recommends country introduce capital gains tax

[WELLINGTON] A New Zealand tax working group recommended on Thursday that the government begin taxing capital gains...
Feb 21, 2019 06:55 AM

Samsung launches folding smartphone, first 5G handset

[SAN FRANCISCO] Seeking to rev up demand in the slumping smartphone market, Samsung on Wednesday unveiled a folding...
Feb 21, 2019 06:52 AM

May hails Brexit talks 'progress' but no breakthrough

[BRUSSELS] Prime Minister Theresa May said she had made "progress" in talks with the EU on Wednesday as she...
Feb 21, 2019 06:40 AM

Qantas Airways half year profit takes a hit from higher fuel costs

[BENGALURU] Australia's Qantas Airways reported a 19 per cent drop in half-year profit on Thursday, as increased...
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