Wednesday, Dec 13, 2017

TOP STORIES

Fed rate hike expected; Singapore growth to stay intact

ALL eyes will be on the United States Federal Reserve's last meeting of 2017, where...
PUBLISHED Dec 13, 2017 05:50 AM

S'pore e-commerce agents face uncertain future as middlemen

THE dust-up between Singapore-based online shopping platform ezbuy.sg and the Alibaba...
PUBLISHED Dec 13, 2017 05:50 AM

Retail sales fell 0.1% in Oct, marking second consecutive decline

Retail sales continued its lacklustre showing with its second consecutive decline in...
PUBLISHED Dec 13, 2017 05:50 AM

SE-Asia's Internet economy to hit US$50b in 2017

RIDEHAILING and e-commerce have in the last two years galvanised South-east Asia's...
PUBLISHED Dec 13, 2017 05:50 AM

Singapore no longer among world's 20 priciest cities for expats

SINGAPORE has fallen out of the 20 priciest cities in the world for expatriates, ranking...
PUBLISHED Dec 13, 2017 05:50 AM

MAS, top S'pore firms join drive for more transparency on climate-related biz risks

LOCAL firms Singtel, DBS and City Developments Limited are among 237 international...
PUBLISHED Dec 13, 2017 05:50 AM

Dealmaking in key Asean economies at all-time high

DEALMAKING in Singapore, Malaysia and Indonesia saw a high from December last year to...
PUBLISHED Dec 13, 2017 05:50 AM

Electric-car sharing programme officially rolls out with 80 cars

SINGAPORE'S first large-scale electric-car sharing programme officially rolled out...
PUBLISHED Dec 13, 2017 05:50 AM

Just one company obtains SEC's enhanced green label

ONLY one company so far has been successful in getting its products certified under the...
PUBLISHED Dec 13, 2017 05:50 AM

Asean-EU Business Summit to be held in Singapore next year

SINGAPORE will host the upcoming annual Asean-EU Business Summit on March 2, 2018,...
PUBLISHED Dec 13, 2017 05:50 AM

Pertamina sees crude imports of 250,000 bpd in '18

INDONESIA'S Pertamina expects to import up to 250,000 barrels per day (bpd) of crude...
PUBLISHED Dec 13, 2017 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Disclosure tweaks and quarterly reporting go hand-in-hand

IN A possible prelude to the scrapping of quarterly reporting, the local bourse operator...
PUBLISHED Dec 13, 2017 05:50 AM

Is CDL's sweetened offer more palatable to M&C shareholders?

AFTER minority shareholders of Millennium & Copthorne Hotels (M&C) objected to...
PUBLISHED Dec 13, 2017 05:50 AM

Emas Offshore enters into revised term sheet with Baker Tech subsidiary

EMBATTLED offshore services provider Emas Offshore Limited (EOL) has entered into a...
PUBLISHED Dec 13, 2017 05:50 AM

ThaiBev emerges as sole bidder for US$2b Sabeco stake

A UNIT of Thai Beverage Pcl is the only investor to register to buy at least a 25 per...
PUBLISHED Dec 13, 2017 05:50 AM

Infinio enters into S$2.95m loan deal; shares actively traded before trading halt

MINERAL oil and gas firm Infinio Group on Tuesday said it has entered into a S$2.95...
PUBLISHED Dec 13, 2017 05:50 AM

Jubilee to acquire Honfoong Plastics Industries for S$3.5m

CATALIST-LISTED precision manufacturer Jubilee Industries Holdings is set to expand its...
PUBLISHED Dec 13, 2017 05:50 AM

TEE bags S$65m worth of engineering contracts

MAINBOARD-LISTED TEE Internatio-nal on Tuesday said that the group has been awarded new...
PUBLISHED Dec 13, 2017 05:50 AM

JDE makes RM1.47b offer for OldTown

DUTCH tea and coffee giant Jacobs Douwe Egberts (JDE) has put out a RM1.47 billion (S$487...
PUBLISHED Dec 13, 2017 05:50 AM

Datapulse Tech to buy haircare business for S$3.5m

MAINBOARD-LISTED Datapulse Technology announced after Tuesday's trading hours that...
PUBLISHED Dec 13, 2017 05:50 AM

MDR revises issue price of rights-cum-warrants issue

MDR, which distributes and sells mobile devices and services, announced on Tuesday...
PUBLISHED Dec 13, 2017 05:50 AM

Corporate digest

THE Singapore Exchange has approved Gaylin's application to defer the listed company...
PUBLISHED Dec 13, 2017 05:50 AM
SPECIAL FEATURE

Keeping more local customers satisfied

THE taste of success has infused both the tourism and food and beverage (F&B) sectors...
PUBLISHED Dec 13, 2017 05:50 AM
STOCKS

Last-minute buying nudges STI up

AN eleventh-hour buying activity helped nudged the Singapore bourse's key Straits...
PUBLISHED Dec 13, 2017 05:50 AM

Brokers' take

SEMBCORP Industries' plant load factor (PLF) for its two power plants are shaping up...
PUBLISHED Dec 13, 2017 05:50 AM
CURRENCIES

US dollar holds steady before Fed meeting

THE dollar drifted in narrow ranges on Tuesday after strong recent gains as the US...
PUBLISHED Dec 13, 2017 05:50 AM

REAL ESTATE

Completion period for EC sites extended to 5 years

THE government is extending the project completion period (PCP) for executive condominium...
PUBLISHED Dec 13, 2017 05:50 AM

Another Cairnhill site joins en bloc fray

ANOTHER Cairnhill development is launching for en bloc tender in the prime district 9,...
PUBLISHED Dec 13, 2017 05:50 AM

Condo resale prices continue to rise in November

RESALE prices of private condominiums in Singapore continued their climb, posting a 0.5...
PUBLISHED Dec 13, 2017 05:50 AM

World's 2nd tallest building opens after two-year delay

AFTER more than two years of red tape that kept tenants from moving in, China's...
PUBLISHED Dec 13, 2017 05:50 AM

Country Garden scraps Shanghai spin-off amid tighter IPO scrutiny

COUNTRY Garden Holdings Co, a developer whose share price has almost tripled this year,...
PUBLISHED Dec 13, 2017 05:50 AM

BANKING & FINANCE

Bulls and bears lock horns over China's blue-chip drink maker

KWEICHOW Moutai, the Chinese drink maker made famous when Richard Nixon drank its fiery...
PUBLISHED Dec 13, 2017 05:50 AM

HNA units sued by US tech firm for botching US$325m takeover deal

TWO HNA Group units were sued in a New York court on claims they failed to complete a US$...
PUBLISHED Dec 13, 2017 05:50 AM

Citi Private Bank names four bankers to new roles

CITI Private Bank has appointed four senior bankers to newly created leadership roles...
PUBLISHED Dec 13, 2017 05:50 AM

Bitcoin prices 'bubble-like' after record rally: BlackRock

WITH bitcoin prices up 17-fold this year and sitting above the US$16,000 mark, valuations...
PUBLISHED Dec 13, 2017 05:50 AM

ENERGY & COMMODITIES

237 companies to put pressure on major greenhouse gas emitters

A GROUP of more than 200 global investors, including banking giant HSBC and French...
PUBLISHED Dec 13, 2017 05:50 AM

Crack in UK oil pipe roils crude trading from US to Asia

THE effects of a hairline crack in one of the world's most important oil conduits is...
PUBLISHED Dec 13, 2017 05:50 AM

TECHNOLOGY

Toshiba, Western Digital to settle spat: sources

TOSHIBA Corp and Western Digital Corp have agreed in principle to settle their legal...
PUBLISHED Dec 13, 2017 05:50 AM

Amazon's cloud unit expands in China with new Ningxia partner

AMAZON.COM said on Tuesday that it was expanding its cloud computing business in China...
PUBLISHED Dec 13, 2017 05:50 AM

Largest Russian mobile carrier MTS takes on Uber in push to diversify

MOBILE TeleSystems PJSC is offering online taxi hailing and medical appointments over...
PUBLISHED Dec 13, 2017 05:50 AM

Pregnant woman wants seat on Tokyo metro: there's an app for that

PREGNANT women struggling to bag a seat on the famously packed Tokyo subway could find...
PUBLISHED Dec 13, 2017 05:50 AM

CONSUMER

China video game craze drives e-sports market

IN AN industrial park on the edge of Shanghai, a dozen Chinese teenagers are taking a...
PUBLISHED Dec 13, 2017 05:50 AM

For Disney chief Bob Iger, Fox deal is all about future of TV

WHEN news broke last month that Walt Disney Co was in talks to buy a large of part of...
PUBLISHED Dec 13, 2017 05:50 AM

In food waste fight, Brits turn bread into beer

AT A BREWERY nestled in rolling farmland in northern England, the process of making beer...
PUBLISHED Dec 13, 2017 05:50 AM

Tencent to buy 5% stake in Yonghui Superstores

CHINESE tech giant Tencent Holding Ltd plans to buy a 5 per cent stake in Yonghui...
PUBLISHED Dec 13, 2017 05:50 AM

TRANSPORT

STRAIT TALK

Salvage industry feels the squeeze

IT is of course true that nobody wants an accident - and that is even more the case at...
PUBLISHED Dec 13, 2017 05:50 AM

Trying to bypass anxiety on the road to driverless cars

ONE of the big unknowns about self-driving cars is how human drivers will react once they...
PUBLISHED Dec 13, 2017 05:50 AM

Will electric cars doom your neighbourhood mechanic?

CRAIG Van Batenburg began his career as a car mechanic in 1970 after falling in love with...
PUBLISHED Dec 13, 2017 05:50 AM

GOVERNMENT & ECONOMY

LATEST US DATA

Producer prices post biggest annual gain in nearly six years

US producer prices rose in November as petrol prices surged and the cost of other goods...
PUBLISHED Dec 13, 2017 05:50 AM

How China's debt curbs could start weighing on the economy

CHINA'S sweeping deleveraging push is poised to inflict more pain next year...
PUBLISHED Dec 13, 2017 05:50 AM

UK inflation hits highest level in nearly 6 years

BRITISH Inflation unexpectedly rose to its highest level in nearly six years in November...
PUBLISHED Dec 13, 2017 05:50 AM

US, EU team up against China in blasting world trade order

THE US and Europe argued the world trading system is failing to live up to expectations,...
PUBLISHED Dec 13, 2017 05:50 AM

LIFE & CULTURE

TAKING HEART

Young enthusiasts flaunt fancy footwork in futsal

SPORTS brings people of diverse communities and socio-economic backgrounds together. And...
PUBLISHED Dec 13, 2017 05:50 AM
TAKING HEART

Ritz-Carlton plays Santa to needy kids

GUESTS dressed to the nines, enjoying the delectable spread before them and service staff...
PUBLISHED Dec 13, 2017 05:50 AM

Widespread tree die-offs feared

PONDEROSA pine and pinyon forests in the US West will die at an increasing rate as the...
PUBLISHED Dec 13, 2017 05:50 AM

EXECUTIVE MONEY

UBS repositions its services into 'wholesale house'

UBS Asset Management (UBSAM) lost nearly half of its assets following the 2008 financial...
PUBLISHED Dec 13, 2017 05:50 AM

There are attractive opportunities behind less popular stocks

YEAR 2017 saw some of Asia's and Emerging Market's strongest equity rallies in...
PUBLISHED Dec 13, 2017 05:50 AM

OPINION

Major powers jostling for Middle East primacy

KALEIDOSCOPIC changes in the Middle East have produced a constellation of power posing...
PUBLISHED Dec 13, 2017 05:50 AM
THE BOTTOM LINE

Reunification is not a necessary prerequisite to rejuvenation

CHINESE leader Xi Jinping's report to the 19th Congress of the Communist Party of...
PUBLISHED Dec 13, 2017 05:50 AM
EDITORIAL

Better enforcement should accompany better market regulations

The Singapore Exchange (SGX) is taking the right steps in trying to shore up the stock...
PUBLISHED Dec 13, 2017 05:50 AM

Intrapreneurs in big firms bloom when bosses supply the mulch

BIG companies are not known to be entrepreneurial. Many of them don't know, or don...
PUBLISHED Dec 13, 2017 05:50 AM

Yes, the truth still matters

OF all the questions that the ascendancy of Donald Trump has raised - on the value of...
PUBLISHED Dec 13, 2017 05:50 AM
LETTER TO THE EDITOR

Datapulse Tech: More questions about disclosures, corporate governance

I REFER to my letter "Datapulse Technology's disclosures about its operations...
PUBLISHED Dec 13, 2017 05:50 AM

BREAKING NEWS

May 24, 2018 11:51 AM

Former Malaysia government used money raised from Khazanah to pay 1MDB dues: sources

[KUALA LUMPUR] The government of former Malaysian Prime Minister Najib Razak used money raised from a deal with...
May 24, 2018 11:44 AM

China fines Muji for packaging that lists Taiwan as a country

[SHANGHAI] Japanese retailer Muji has been fined 200,000 yuan (S$42,000) in Shanghai for using packaging that lists...
May 24, 2018 11:16 AM

US disrupts Russian botnet of 500,000 hacked routers

[WASHINGTON] The US Justice Department said Wednesday that it had seized an internet domain that directed a dangerous...
May 24, 2018 10:55 AM

Najib back for questioning at Malaysia's anti-graft agency over 1MDB

[PUTRAJAYA] Malaysia's embattled former prime minister Najib Razak returned to the anti-corruption agency...
May 24, 2018 10:36 AM

Uber trims losses and grows business, plans new stock sale

[SAN FRANCISCO] Uber cut its losses almost in half and its ride bookings jumped 51 per cent since one year ago, the...
May 24, 2018 10:27 AM

Three shophouses at Liang Seah Street up for sale at S$30m

THREE adjoining shophouse at 33 Liang Seah Street have been put up for sale via private treaty at S$30 million,...
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