Thursday, Nov 16, 2017

TOP STORIES

RHT shares soar on its move to sell assets for close to S$1 billion

SHARES of RHT Health Trust jumped more than 10 per cent on Wednesday after the Singapore-...
PUBLISHED Nov 16, 2017 05:50 AM

Electronics surge expected to continue in 2018; global outlook rosy

ELECTRONICS manufacturers in Singapore are looking to another strong year in 2018, after...
PUBLISHED Nov 16, 2017 05:50 AM
PUBLISHED Nov 16, 2017 05:50 AM

28 hurt after 2 MRT trains collide at Joon Koon

TWENTY-EIGHT commuters and SMRT staff were injured on Wednesday when two MRT trains...
PUBLISHED Nov 16, 2017 05:50 AM

Pan-European Reit takes Singapore IPO leap

THE initial public offering (IPO) of what would be Singapore's first euro-...
PUBLISHED Nov 16, 2017 05:50 AM

NTUC amends constitution to cover more jobs and positions

MORE working people with different types of jobs - from managers to freelancers - can...
PUBLISHED Nov 16, 2017 05:50 AM

Property optimism unfazed by govt caution: analysts

MOST market watchers are not too concerned about recent attempts by the government to...
PUBLISHED Nov 16, 2017 05:50 AM
SINGAPORE FINTECH FESTIVAL

Warning: Dodgy coin offerings could tar reputation of blockchain technology

"DO not collect $200. Go straight to jail." ...
PUBLISHED Nov 16, 2017 05:50 AM
SINGAPORE FINTECH FESTIVAL

In brief

THE Monetary Authority of Singapore (MAS) and the Polish Financial Supervision Authority...
PUBLISHED Nov 16, 2017 05:50 AM
SINGAPORE FINTECH FESTIVAL

Blockchain-based digital trade platform for SMEs to debut in 2018

SINGAPORE'S first blockchain-based digital-trade platform for small and medium...
PUBLISHED Nov 16, 2017 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

MMP Resources - all 'snowed in'?

AMONG the endless heaps of never-give-up quotes out there, there is one that goes: "...
PUBLISHED Nov 16, 2017 05:50 AM

Noteholders give landmark nod to Marco Polo's debt restructuring

IN a landmark vote on Wednesday, Marco Polo Marine's noteholders threw their support...
PUBLISHED Nov 16, 2017 05:50 AM

Property developer ETC uncovers unauthorised withdrawals in China

IT was a union that gave Emerging Towns & Cities Singapore (ETC) a lifeline for a...
PUBLISHED Nov 16, 2017 05:50 AM

Noble starts talks on capital structure; reorganises rare earths, special ores activities

CONFIRMING market speculation that it will soon embark on debt restructuring, Noble Group...
PUBLISHED Nov 16, 2017 05:50 AM

Corporate digest

ENVICTUS International Holdings' wholly owned subsidiary Polygold Holdings has...
PUBLISHED Nov 16, 2017 05:50 AM

Olam forecasts higher coffee prices, Q3 profit up 18%

LONG black faces may be in store for coffee lovers: a shortfall in the robusta market and...
PUBLISHED Nov 16, 2017 05:50 AM

RE&S Holdings launches IPO, aims to raise more than S$10m

JAPANESE food and beverage (F&B) group RE&S Holdings Limited has launched its...
PUBLISHED Nov 16, 2017 05:50 AM

Manulife's S$500m green bond is third to hit Singapore market

SLOWLY but surely, Singapore is seeing more green bonds. But don't expect the slow...
PUBLISHED Nov 16, 2017 05:50 AM

Novena Global buys 4 Singapore eyecare clinics, majority stake in Taiwan's Hexin Group

NOVENA Global Lifecare Group is expanding beyond the medical aesthetics business with its...
PUBLISHED Nov 16, 2017 05:50 AM

Tencent delivers a blowout quarter as Honour of Kings shines

TENCENT Holdings Ltd posted its strongest growth in more than seven years, riding the...
PUBLISHED Nov 16, 2017 05:50 AM

AT&T engages its Washington firepower with mega-deal for Time Warner on the line

AT&T Inc's US$85.4 billion bid for entertainment titan Time Warner Inc is where...
PUBLISHED Nov 16, 2017 05:50 AM

Russia's Sberbank posts record profit in Q3, strengthening case for dividend boost

SBERBANK PJSC set a record for profit in the third quarter, strengthening the case for...
PUBLISHED Nov 16, 2017 05:50 AM
STOCKS

Wall Street, oil prices drag STI down

THE local bourse caught the negative vibe that swept across Asia owing to the risk-off...
PUBLISHED Nov 16, 2017 05:50 AM

Brokers' take

Bumitama Agri | Buy
PUBLISHED Nov 16, 2017 05:50 AM
CURRENCIES

Euro jumps to 3-week high as risk appetite returns

THE euro consolidated gains at a three-week high on Wednesday as investors grew...
PUBLISHED Nov 16, 2017 05:50 AM

REAL ESTATE

Thai developer Sansiri expands into services

REAL estate development might be about brick and mortar, but Apichart Chutrakul, the...
PUBLISHED Nov 16, 2017 05:50 AM

Strong home demand in outer Australian cities prolongs building boom

ON the edges of Sydney, where Australia's biggest city is sprawling across paddocks...
PUBLISHED Nov 16, 2017 05:50 AM

En bloc fever rages as Pearlbank aims for S$728m

OWNERS of the iconic Pearlbank Apartments are hoping that the en bloc fever will last as...
PUBLISHED Nov 16, 2017 05:50 AM

Homeowners, developers willing to pay more for green buildings: survey

HOMEOWNERS and developers in Singapore are willing to pay more for green buildings in...
PUBLISHED Nov 16, 2017 05:50 AM

Vancouver imposes sharp curbs on Airbnb, homesharing sites

THE Canadian city of Vancouver passed new rules on Tuesday banning homeowners from...
PUBLISHED Nov 16, 2017 05:50 AM

Airbnb said to double net revenue to US$1b in Q3 as it plans IPO

AIRBNB doubled net revenue in the third quarter and remains on a profitability streak, as...
PUBLISHED Nov 16, 2017 05:50 AM

BANKING & FINANCE

Citigroup, UBS among banks most exposed to Riyadh's rich: sources

CITIGROUP and UBS Group are among international banks managing the largest share of...
PUBLISHED Nov 16, 2017 05:50 AM

Zurich Insurance expects rising prices to boost delivery on targets

ZURICH Insurance on Wednesday confirmed its 2017-2019 financial targets, saying an...
PUBLISHED Nov 16, 2017 05:50 AM

ENERGY & COMMODITIES

Fear of glut grips commodities as Xi shifts China's economic focus

A SLOWDOWN in the world's biggest consumer of most commodities is reviving fears...
PUBLISHED Nov 16, 2017 05:50 AM

LNG giant Qatar's empty shelves pose upside risk for Asian gas prices

GAS exporting giant Qatar has all but sold out of winter supply after committing its...
PUBLISHED Nov 16, 2017 05:50 AM

Indonesia amends contracts with 13 coal mining companies

INDONESIA has amended contracts with 13 coal mining companies, including some of the...
PUBLISHED Nov 16, 2017 05:50 AM

TECHNOLOGY

War games helping firms spot cybersecurity talent

A MAJOR shipping company is under attack. With help from a corrupt executive, an...
PUBLISHED Nov 16, 2017 05:50 AM

Foxconn's Q3 profit tumbles 39% after iPhone X production hurdles

TAIWAN'S Foxconn reported a 39 percent slide in quarterly profit, far worse than...
PUBLISHED Nov 16, 2017 05:50 AM

Google pays to put search back on Firefox browser in the US

MOZILLA Corp rolled out a major update to its Firefox web browser on Tuesday with a bevy...
PUBLISHED Nov 16, 2017 05:50 AM

Chinese AI startup SenseTime seals investment deal with Qualcomm

CHINESE artificial intelligence (AI) startup SenseTime Group said on Wednesday that it...
PUBLISHED Nov 16, 2017 05:50 AM

CONSUMER

Shortage of butter chills France's patisserie-loving soul

THERE can arguably be no greater threat to the French way of life than a lack of butter.
PUBLISHED Nov 16, 2017 05:50 AM

US FDA warns Indian drugmaker Lupin on repeated quality violations

LUPIN Ltd, which makes generic antibiotics, antidepressants and heart medications for...
PUBLISHED Nov 16, 2017 05:50 AM

Vietnam govt aims to complete Sabeco stake sale in Dec

THE Vietnamese government aims to complete a stake sale of the country's biggest...
PUBLISHED Nov 16, 2017 05:50 AM

Shanghai Pharma buys Cardinal Health's China business for US$557m

SHANGHAI Pharmaceuticals Holding Co has agreed to buy Cardinal Health Inc's China...
PUBLISHED Nov 16, 2017 05:50 AM

TRANSPORT

Airbus seals record US$50 billion jet deal to outdo Boeing in Dubai

AIRBUS SE announced the biggest commercial-plane transaction in its history, securing an...
PUBLISHED Nov 16, 2017 05:50 AM

Buffett-backed BYD to open electric-truck plant in Canada

BYD Co, the Chinese electric-vehicle maker backed by Warren Buffett, plans to open its...
PUBLISHED Nov 16, 2017 05:50 AM

Hapag-Lloyd sticks to 2017 outlook

GERMAN shipping group Hapag-Lloyd kept its outlook for the current year after its nine-...
PUBLISHED Nov 16, 2017 05:50 AM

GOVERNMENT & ECONOMY

LATEST US DATA

Consumer prices edge up; retail sales increase unexpectedly

US consumer prices barely rose in October as the boost to gasoline prices from hurricane-...
PUBLISHED Nov 16, 2017 05:50 AM

Tax aftershock creates widening two-speed economy in India

INDIA'S biggest tax overhaul since independence has driven a wedge between companies...
PUBLISHED Nov 16, 2017 05:50 AM

Japan chalks up best winning streak since 2001 on export boost

JAPAN'S economy grew for a seventh straight quarter, its longest expansion since...
PUBLISHED Nov 16, 2017 05:50 AM

China corruption could lead to Soviet-style collapse, says graft buster

CHINA must step up its battle against corruption in order to safeguard against a Soviet-...
PUBLISHED Nov 16, 2017 05:50 AM

LIFE & CULTURE

Sergio Garcia eyes strong finish at Dubai season finale

SERGIO Garcia was in Singapore when he hit a three-wood second shot on a 480-metre par-...
PUBLISHED Nov 16, 2017 05:50 AM

Queen Elizabeth and Prince Philip celebrate 70 years of marriage

BRITAIN'S Queen Elizabeth will add another landmark to her record-breaking reign on...
PUBLISHED Nov 16, 2017 05:50 AM

New Barbie is modelled after hijab-wearing US Olympian

WHEN Barbie made her debut in the 1950s, she had blond hair, white skin and a trove of...
PUBLISHED Nov 16, 2017 05:50 AM

OPINION

Becoming a global technology hub

AS technological innovation becomes critical to economic and social success, many...
PUBLISHED Nov 16, 2017 05:50 AM
THE BOTTOM LINE

Clients benefit when the insurance industry goes digital

TODAY'S technological landscape means that insurers can and should equip customers...
PUBLISHED Nov 16, 2017 05:50 AM
EDITORIAL

Multilateral trade is in the interest of American companies

After Donald Trump was elected president, the concern among America's trade partners...
PUBLISHED Nov 16, 2017 05:50 AM

Businesses need to consider different ways of handling IP

WE live in wild times. Either companies are clinging white-knuckled to the steering wheel...
PUBLISHED Nov 16, 2017 05:50 AM
COMMENTARY

Crucial for banks to secure the social licence to operate

ASIA has achieved remarkable growth and prosperity over the past decades. It is not...
PUBLISHED Nov 16, 2017 05:50 AM
COMMENTARY

Nations need to forge their way in a new world order

ACCORDING to the Harvard economist Dani Rodrik, it is impossible to have full national...
PUBLISHED Nov 16, 2017 05:50 AM

BREAKING NEWS

Aug 22, 2018 02:26 PM

Tokyo: Stocks close higher

[TOKYO] Tokyo stocks rose on Wednesday, helped by a halt in the dollar's weakness and rallies on Wall Street,...
Aug 22, 2018 02:22 PM

US, China to resume trade talks in Washington amid low expectations

[WASHINGTON] US and Chinese officials are set to resume contentious trade talks on Wednesday under the cloud of a...
Aug 22, 2018 01:16 PM

Typhoon forces Britain and Japan to cancel historic beach landing drill

[TOKYO] Britain and Japan cancelled a plan for a simulated amphibious beach assault near Mount Fuji this week that...
Aug 22, 2018 12:25 PM

Australia cancels livestock shipper's live export licence after sheep deaths at sea

[SYDNEY] Australia's government has cancelled the live export licence of the country's biggest livestock...
Aug 22, 2018 12:06 PM

Japan probes claim ministries cheated on disabled hiring quota

[TOKYO] Japan is investigating claims that ministries routinely overstated the number of disabled people on their staff...
Aug 22, 2018 11:57 AM

US feud helps Erdogan deflect blame for Turkey's economic woes

[ANKARA, Turkey] President Recep Tayyip Erdogan is exploiting a bitter row with the United States to pin the blame for...
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