TOP STORIES

BT EXCLUSIVE

Services 'not strong enough' to mitigate Singapore economy's slowdown

WITH manufacturing caught in the doldrums, Singapore's services sector may seem like a...

PUBLISHED Jul 24, 2019 05:50 AM
SINGAPORE CORPORATE AWARDS

Government, firms must work more closely together: Heng

THE Singapore government and the corporate sector must work more closely together,...

PUBLISHED Jul 24, 2019 05:50 AM
SINGAPORE CORPORATE AWARDS

Winners set pace for corporate governance excellence

THE Singapore Corporate Awards (SCA) 2019 on Tuesday honoured 38 companies and six...

PUBLISHED Jul 24, 2019 05:50 AM

Headline, core inflation ease in June

SINGAPORE’S headline inflation eased in June, ending a four-month streak of edging...

PUBLISHED Jul 24, 2019 05:50 AM

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...

PUBLISHED Jul 24, 2019 05:50 AM

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...

PUBLISHED Jul 24, 2019 05:50 AM
STARTUPS

Trax raises US$100m to expand in China, globally

TRAX, a GIC-backed startup providing computer vision and in-store analytics for the...

PUBLISHED Jul 24, 2019 05:50 AM

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,...

PUBLISHED Jul 24, 2019 05:50 AM

STOCKS

Malaysia: Shares open higher on Wednesday

MALAYSIA share prices opened higher on Wednesday with the FTSE Bursa Malaysia Kuala...

PUBLISHED Jul 24, 2019 09:19 AM

COMPANIES & MARKETS

Singtel doubles down on digital at AGM

THE future of Singtel's digital businesses was at the fore of investors' minds on...

PUBLISHED Jul 24, 2019 05:50 AM

Singtel job cuts were at overseas unit: CEO

SINGTEL chief executive Chua Sock Koong rebuffed talk of layoffs at the mainboard-...

PUBLISHED Jul 24, 2019 05:50 AM

Corporate digest

THE Catalist-listed firm has unsuccessfully appealed the Hong Kong Exchange's decision...

PUBLISHED Jul 24, 2019 05:50 AM

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...

PUBLISHED Jul 24, 2019 05:50 AM

FCT's Q3 DPU slips 1.7% on expanded unit base

CONTRIBUTIONS from Frasers Centrepoint Trust (FCT)'s holdings in associates PGIM Real...

PUBLISHED Jul 24, 2019 05:50 AM

Mapletree Industrial Trust's Q1 DPU rises 3.3%

MAPLETREE Industrial Trust's (MIT) distribution per unit for the fiscal first quarter...

PUBLISHED Jul 24, 2019 05:50 AM

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...

PUBLISHED Jul 24, 2019 05:50 AM
COMMENTARY

Chinese investors are playing a game of hot potato

THE star that burns the brightest may also burn out fastest. Investors tempted by the...

PUBLISHED Jul 24, 2019 05:50 AM

AA Group dragged into debacle involving Epicentre chairman

THE debacle that has enveloped former Apple reseller Epicentre Holdings seems to be...

PUBLISHED Jul 24, 2019 05:50 AM

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...

PUBLISHED Jul 24, 2019 05:50 AM

Luzhou Bio-Chem, DLF warn of losses

CORN products maker Luzhou Bio-Chem Technology and engineering company DLF Holdings on...

PUBLISHED Jul 24, 2019 05:50 AM
STOCKS

Low inflation data sees STI stocks bounce

SINGAPORE stocks bounced back from the previous day's decline after official data...

PUBLISHED Jul 24, 2019 05:50 AM

Brokers' take

Frasers Commercial Trust's (FCOT) Q3/9M FY19 results are in line with estimates. The...

PUBLISHED Jul 24, 2019 05:50 AM
CURRENCIES

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...

PUBLISHED Jul 24, 2019 05:50 AM

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...

PUBLISHED Jul 24, 2019 05:50 AM

Lakepoint condo up for collective sale with S$640m reserve price

LAKEPOINT Condominium near Jurong Lake District, positioned as Singapore's second...

PUBLISHED Jul 24, 2019 05:50 AM

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...

PUBLISHED Jul 24, 2019 05:50 AM

Chinese property bonds' time in the sun may end soon

CHINESE developer bonds' healthy run may be coming to an end.

PUBLISHED Jul 24, 2019 05:50 AM

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...

PUBLISHED Jul 24, 2019 05:50 AM

Greek PM gets 'show me' treatment from investors

FOR a glimpse of what life under Kyriakos Mitsotakis may look like, Greeks need only...

PUBLISHED Jul 24, 2019 05:50 AM

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...

PUBLISHED Jul 24, 2019 05:50 AM

ENERGY & COMMODITIES

COMMENTARY

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...

PUBLISHED Jul 24, 2019 05:50 AM

Saudi Arabia set to build first wind power plant

SAUDI Arabia, the world's biggest oil exporter, is poised to start generating wind...

PUBLISHED Jul 24, 2019 05:50 AM

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,...

PUBLISHED Jul 24, 2019 05:50 AM

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...

PUBLISHED Jul 24, 2019 05:50 AM

TECHNOLOGY

Chipmaker AMS upbeat on outlook, relooks takeover

AUSTRIAN Apple supplier AMS expects a recovery in demand for its optical sensors to...

PUBLISHED Jul 24, 2019 05:50 AM

Huawei's US research unit slashes jobs

CHINA'S Huawei Technologies laid off more than two-thirds of the 850-strong workforce...

PUBLISHED Jul 24, 2019 05:50 AM

Fraudsters exploit interest in Libra digital currency

FRAUDSTERS are out to cash in on interest in Facebook-backed digital currency Libra,...

PUBLISHED Jul 24, 2019 05:50 AM

CONSUMER

Hermes defies trade tensions as China leads growth

GLOBAL trade tensions may have sapped growth for many firms, but luxury handbag maker...

PUBLISHED Jul 24, 2019 05:50 AM

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...

PUBLISHED Jul 24, 2019 05:50 AM
STRAIT TALK

Worrying about alarms

ON THE elderly small training vessel which I skipper frequently there are very few...

PUBLISHED Jul 24, 2019 05:50 AM

Khazanah hires Morgan Stanley to chart M'sia Airlines strategy: sources

KHAZANAH Nasional Bhd has hired Morgan Stanley to explore strategic options for...

PUBLISHED Jul 24, 2019 05:50 AM

GOVERNMENT & ECONOMY

New UK PM Johnson vows to deliver Brexit

BORIS Johnson, the Brexiteer who has promised to lead Britain out of the European...

PUBLISHED Jul 24, 2019 05:50 AM

China: 'Arduous efforts' needed to meet 2019 industrial output goal

CHINA'S industry ministry said on Tuesday that "arduous efforts" will be needed to...

PUBLISHED Jul 24, 2019 05:50 AM

IMF lowers global growth forecasts as trade, Brexit uncertainties persist

THE International Monetary Fund (IMF) on Tuesday lowered its forecast for global...

PUBLISHED Jul 24, 2019 05:50 AM

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...

PUBLISHED Jul 24, 2019 05:50 AM

LIFE & CULTURE

THE BUSINESS TIMES CORPORATE GOLF LEAGUE 2019

Joseph Schooling to add buzz to BT golf league

IN ADDITION to having fun, The Business Times Corporate Golf League is set to...

PUBLISHED Jul 24, 2019 05:50 AM

Bangladesh invents plastic alternative from jute

AS COUNTRIES around the world try to cut down on throwaway plastic shopping bags,...

PUBLISHED Jul 24, 2019 05:50 AM

Top tourism spots become victims of their own success

IT IS not the sheer number of tourists descending on Venice that bothers Italian food...

PUBLISHED Jul 24, 2019 05:50 AM

EXECUTIVE MONEY

Singaporeans unprepared for health costs of longer lives

NEARLY half of healthcare practitioners believe Singaporeans will be hard-pressed to...

PUBLISHED Jul 24, 2019 05:50 AM

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...

PUBLISHED Jul 24, 2019 05:50 AM

Virtuous circle developing with more firms investing in ESG

PUBLIC interest in sustainable investing - also known as ESG (environmental, social...

PUBLISHED Jul 24, 2019 05:50 AM

OPINION

EDITORIAL

Digital literacy - the language for tomorrow's workforce

WHEN Singapore announced earlier this month that from 2020, all upper primary students...

PUBLISHED Jul 24, 2019 05:50 AM

Identity to dominate 2020 US election race?

SINCE the 2008 financial crisis and the ensuing Great Recession, the political...

PUBLISHED Jul 24, 2019 05:50 AM
THE BOTTOM LINE

Modi should prioritise policy predictability over reforms

IN its first budget since storming back to power in May, Indian Prime Minister...

PUBLISHED Jul 24, 2019 05:50 AM

New British PM will face Iran challenge

WITH a transition of power underway in London, the nation is facing into a gathering...

PUBLISHED Jul 24, 2019 05:50 AM
COMMENTARY

Asia's growing importance in the global economy

ASIA'S economic footprint, in particular Emerging Asia's, has grown significantly....

PUBLISHED Jul 24, 2019 05:50 AM
COMMENTARY

Incoming EC chief begins in weak position

AT its June 30-July 2 meeting, the European Council nominated German Defence Minister...

PUBLISHED Jul 24, 2019 05:50 AM

BREAKING NEWS

Jul 24, 2019 09:08 AM

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...

Jul 24, 2019 08:59 AM

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...

Jul 24, 2019 08:57 AM

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...

Jul 24, 2019 08:54 AM

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...

Jul 24, 2019 08:48 AM

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:

UPDATED 13 min ago
Jul 24, 2019 08:46 AM

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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