Thursday, Dec 14, 2017

TOP STORIES

BT EXCLUSIVE

GE global revamp hits Singapore jobs

BELEAGUERED industrial giant General Electric's (GE) corporate restructuring has...
PUBLISHED Dec 14, 2017 05:50 AM

Government opts for balanced approach to state land sales for H1 2018

THE Ministry of National Development's (MND's) decision to maintain state land...
PUBLISHED Dec 14, 2017 05:50 AM

Choice of attractive sites beckons developers

A BEVY of attractive sites on the first half 2018 state land sale slate beckons...
PUBLISHED Dec 14, 2017 05:50 AM

Rise in job seekers unemployed for 25 weeks or more: MOM

THERE are more job seekers in Singapore who have been unemployed for 25 weeks or more...
PUBLISHED Dec 14, 2017 05:50 AM

Law Ministry defers decision on renewal of licences for four foreign law firms

THE Law Ministry will defer to 2020 a decision on whether to renew the licences issued to...
PUBLISHED Dec 14, 2017 05:50 AM

HP unveils S$100m campus, home to its first advanced manufacturing centre

SINGAPORE'S advanced manufacturing sector has received a fillip with the opening of...
PUBLISHED Dec 14, 2017 05:50 AM

S Korea bans its banks from dealing in bitcoin

SOUTH Korea on Wednesday banned its financial institutions from dealing in virtual...
PUBLISHED Dec 14, 2017 05:50 AM

MAS, 7 other central banks form green network

EIGHT central banks and financial supervisory bodies, including the Monetary Authority of...
PUBLISHED Dec 14, 2017 05:50 AM
COMMENTARY

Economic reality is set to box Mario Draghi into a corner

THE European Central Bank policy could have ended its year with a non-event on Thursday,...
PUBLISHED Dec 14, 2017 05:50 AM
LATEST US DATA

November inflation picks up on energy costs

US inflation picked up in November thanks to a jump in energy prices yet unexpectedly...
PUBLISHED Dec 14, 2017 05:50 AM

COMPANIES & MARKETS

Singapore IPOs provide fillip to equity capital markets

INITIAL public offerings (IPO) by Singapore-domiciled companies, both in domestic and...
PUBLISHED Dec 14, 2017 05:50 AM
HOCK LOCK SIEW

Mixed fortunes for Asian airlines in 2018

WHILE passenger and cargo traffic are expected to grow in 2018, South-east Asian carriers...
PUBLISHED Dec 14, 2017 05:50 AM

UOB partners Shanghai home rental platform Mamahome

UNITED Overseas Bank (UOB) on Wednesday announced its partnership with Shanghai-based...
PUBLISHED Dec 14, 2017 05:50 AM

SGX clears world's first LNG futures in Dubai, Kuwait, India

THE Singapore Exchange (SGX) has cleared the world's first futures contract for...
PUBLISHED Dec 14, 2017 05:50 AM

VibroPower's group financial controller resigns after less than two months

GROUP financial controller of VibroPower Corporation Koh Beng Chuan has resigned from his...
PUBLISHED Dec 14, 2017 05:50 AM

Corporate digest

SINGAPORE-based global investment firm GIC has led a US$200 million Series E round of...
PUBLISHED Dec 14, 2017 05:50 AM
STOCKS

STI adds 3 points in mostly sideways trading

SINGAPORE equities mostly traded sideways as investors waited for more clarity ahead of...
PUBLISHED Dec 14, 2017 05:50 AM

Brokers' take

Bukit Sembawang is a concentrated proxy for Singapore's residential market, which we...
PUBLISHED Dec 14, 2017 05:50 AM
CURRENCIES

Dollar cements gains before Fed decision

INVESTORS pressed the pause button on a two-week rally in the dollar on Wednesday before...
PUBLISHED Dec 14, 2017 05:50 AM

Billion-dollar club averages 23% total returns year to date

SINGAPORE now has 105 stocks with market capitalisation above S$1 billion, the Singapore...
PUBLISHED Dec 14, 2017 05:50 AM

GSS Energy strikes oil, to start production next year

GSS Energy, a precision engineering firm newly venturing into oil exploration, has struck...
PUBLISHED Dec 14, 2017 05:50 AM
HOT STOCK

Midas stock recovers little ground after steep falls

THE mojo appeared to have returned somewhat, albeit not enough to erase previous hefty...
PUBLISHED Dec 14, 2017 05:50 AM

REAL ESTATE

Derby Court, Parkway Mansion finally sold - above reserve price

THIRD time is a charm for the collective sales of two private residential developments,...
PUBLISHED Dec 14, 2017 05:50 AM

Singapore condo rents slip 0.3% in Nov; HDB rents ease 0.5%: SRX

PRIVATE non-landed home rentals slipped by 0.3 per cent in November from a month ago, a...
PUBLISHED Dec 14, 2017 05:50 AM

Manhattan luxury condo sales skew apartment prices: report

A BOOM in newly built luxury apartments in Manhattan has skewed prices for the overall...
PUBLISHED Dec 14, 2017 05:50 AM

China property price rally likely to stall in 2018: poll

CHINA'S home price growth is likely to stall in 2018 as a surprise boom in smaller...
PUBLISHED Dec 14, 2017 05:50 AM

NZ property sales jump in Nov; house prices rise

HAVING suffered a slow period after an inconclusive general election, New Zealand...
PUBLISHED Dec 14, 2017 05:50 AM

BANKING & FINANCE

Asian shares up, US dollar dips as Republicans lose Alabama race

US stock futures, Treasury yields and the dollar dipped on Wednesday as Democrat Doug...
PUBLISHED Dec 14, 2017 05:50 AM

Another 6 years of Putin could be bad news for the rouble

FOR one of the rouble's most prescient forecasters, six more years of Vladimir Putin...
PUBLISHED Dec 14, 2017 05:50 AM

ENERGY & COMMODITIES

US fuels the world as shale boom powers record oil exports

THE world's largest oil consumer exported more hydrocarbons than ever before in 2017...
PUBLISHED Dec 14, 2017 05:50 AM

Australia gas supply crunch eases but prices still too high: regulator

THE shortfall in Australia's gas supply has eased, the country's consumer...
PUBLISHED Dec 14, 2017 05:50 AM

Activist investor pushing for sale of Obsidian Energy: source

ACTIVIST investor FrontFour Capital Group is urging Obsidian Energy Ltd to explore a sale...
PUBLISHED Dec 14, 2017 05:50 AM

TECHNOLOGY

YCH Group's SCAngels and SGInnovate to boost deep tech startups

SUPPLY Chain Angels (SCAngels), the corporate venture arm of YCH Group, on Wednesday...
PUBLISHED Dec 14, 2017 05:50 AM

Google opens AI R&D centre in China as rivalry heats up

GOOGLE announced on Wednesday that it will open a new artificial intelligence (AI)...
PUBLISHED Dec 14, 2017 05:50 AM

UK ethics panel advises May social media must be punished for illegal content

UK Prime Minister Theresa May should legislate to prosecute or fine social media...
PUBLISHED Dec 14, 2017 05:50 AM

CONSUMER

Promising new drug may stop, and even cure, Huntington's disease

THE discovery of a drug that may stop, and perhaps even cure the fatal disease known as...
PUBLISHED Dec 14, 2017 05:50 AM

Europe's warm autumn slows Zara's Q3 sales

INDITEX, the world's biggest clothes retailer and owner of Zara stores, reported a...
PUBLISHED Dec 14, 2017 05:50 AM

Weird and cute: Japan's capsule toys see growing fan base

A TINY replica of an ancient Egyptian sarcophagus and a plastic cat squatting on sushi:...
PUBLISHED Dec 14, 2017 05:50 AM

TRANSPORT

EC sends stark warning to airlines on post-Brexit flying

BRITISH airlines will lose all flying rights to the European Union (EU) if there is no...
PUBLISHED Dec 14, 2017 05:50 AM

Uber appoints new head of operations in Indonesia, where it faces fierce competition

UBER Technologies Inc on Wednesday unveiled a new head of its Indonesian operations in a...
PUBLISHED Dec 14, 2017 05:50 AM

Airbus CEO will not seek third term: Le Figaro

TOM Enders will not seek a third term as CEO of Airbus, France's Le Figaro newspaper...
PUBLISHED Dec 14, 2017 05:50 AM

Crack in chassis first-ever 'serious incident' for Japan's bullet train

A CRACK has been found in a Japanese bullet train that could have caused a derailment,...
PUBLISHED Dec 14, 2017 05:50 AM

GOVERNMENT & ECONOMY

US, EU, Japan slam market-distorting trade practices, take swipe at China

THE United States, European Union and Japan vowed to work together to fight market-...
PUBLISHED Dec 14, 2017 05:50 AM

Europe sets pace for global M&A as politics hurts US deals

EUROPE, often a laggard compared to the US in mergers and acquisitions, has turned out to...
PUBLISHED Dec 14, 2017 05:50 AM

India economy faces threat as its inflation spikes to 15-month high

INDIA'S benchmark 10-year bond hit its lowest in more than 16 months on Wednesday,...
PUBLISHED Dec 14, 2017 05:50 AM

Indonesia's corruption court indicts former parliament speaker after delays

INDONESIAN prosecutors charged a former parliament speaker on Wednesday in connection...
PUBLISHED Dec 14, 2017 05:50 AM

LIFE & CULTURE

Soprano's success gets Nigerians into opera

A LIVE performance of an aria from an Italian opera, sung by a professional soprano, isn...
PUBLISHED Dec 14, 2017 05:50 AM

The Last Jedi: Finding balance

LIGHT faces dark, old faces new and there's a struggle to find a balance in the...
PUBLISHED Dec 14, 2017 05:50 AM

Froome fails urine test; risks losing Vuelta title

FOUR-TIME Tour de France winner Chris Froome failed a urine test at the Vuelta a Espana...
PUBLISHED Dec 14, 2017 05:50 AM

OPINION

Sustainable investing should be pushed into the mainstream

THE global transition to a low-carbon, clean-energy economy is well under way with...
PUBLISHED Dec 14, 2017 05:50 AM
THE BOTTOM LINE

Trump's fateful mistake on Washington's financial watchdog

THE founding myth of US President Donald Trump's administration is that it will look...
PUBLISHED Dec 14, 2017 05:50 AM
EDITORIAL

Trends of the day: Of cross-industry forays and blurred sector boundaries

WITH fintechs rapidly encroaching on their turf, banks are having these days to mull over...
PUBLISHED Dec 14, 2017 05:50 AM

Can tax strategies be part of companies' growth plans?

THE EY Growth Barometer 2017 found that Singapore's middle-market companies are very...
PUBLISHED Dec 14, 2017 05:50 AM

Closely matched: UK's & Singapore's economic strategies

A REVOLUTION is underway in the global economy. Digital communications, artificial...
PUBLISHED Dec 14, 2017 05:50 AM
LETTER TO THE EDITOR

Clearing the air over report on Six Capital

I REFER to the article "Police reports filed against fintech company" (BT, Dec...
PUBLISHED Dec 14, 2017 05:50 AM

Future of the EU is in flux as the European Council meets

EUROPEAN presidents and prime ministers meet on Thursday and Friday for the last set...
PUBLISHED Dec 14, 2017 05:50 AM

BREAKING NEWS

Aug 19, 2018 10:22 PM

National Day Rally: PM Lee explains 99-year leases of public and private housing

Prime Minister Lee Hsien Loong addressed home owners' concerns of their flat leases running down to zero at Sunday...
Aug 19, 2018 09:32 PM

National Day Rally: PM Lee announces estate rejuvenation plans

The government will expand its Home Improvement Programme (HIP) to upgrade 230,000 additional flats built between 1987...
Aug 19, 2018 08:56 PM

National Day Rally: New healthcare package for Singaporeans born in the 1950s

A NEW healthcare package will help Singaporeans born in the 1950s with their medical expenses, Prime Minister Lee Hsien...
Aug 19, 2018 07:57 PM

National Day Rally: Government addressing cost of living but cannot fix electricity prices

THOUGH the government is working to alleviate concerns over costs of living, some price increases are hard to avoid. In...
Aug 19, 2018 06:03 PM

Annica Holdings incorporates new unit in Brunei

CATALIST-LISTED Annica Holdings has incorporated a new unit in Brunei through its wholly-owned subsidiary PJ Services (...
Aug 19, 2018 05:16 PM

Nam Cheong gets nod for further extension to announce Q1, Q2 2018 results

SHIPBUILDER Nam Cheong has received approval from the Singapore Exchange for more time to announce its Q1 2018 and Q2...
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