Wednesday, Jan 10, 2018

TOP STORIES

BT EXCLUSIVE

Cryptocurrency player Ripple keen to set off blockchain waves in Singapore

FRESH from setting up an office in Singapore in September, Ripple - the blockchain firm...
PUBLISHED Jan 10, 2018 05:50 AM

Industry transformation maps 'disconnected from needs of businesses'

NOT all businesses have benefited from the industry transformation maps (ITMs) that have...
PUBLISHED Jan 10, 2018 05:50 AM
PARLIAMENT

Investor residency scheme created 6,000 jobs from 2011-2016

INVESTMENTS brought in under the Global Investor Programme generated S$1.8 billion in...
PUBLISHED Jan 10, 2018 05:50 AM
PARLIAMENT

Top 20% of taxpayers paid $9.8b in personal income tax last year

A TOTAL of $9.8 billion was collected in personal income tax from the top 20 per cent of...
PUBLISHED Jan 10, 2018 05:50 AM
PARLIAMENT

Laws passed to clarify jurisdiction of Singapore International Commercial Court

THE Singapore International Commercial Court (SICC) has heard 17 cases on subjects...
PUBLISHED Jan 10, 2018 05:50 AM

Millions of dollars in oil allegedly stolen from Shell Singapore; 11 men charged

ELEVEN men were charged in a Singapore court on Tuesday in connection with a large-scale...
PUBLISHED Jan 10, 2018 05:50 AM

NTU unveils all-in-one Smart Pass to support Smart Campus

A NEW all-in-one Smart Pass that can be used for various campus activities, as well as...
PUBLISHED Jan 10, 2018 05:50 AM

GIC invests in US multi-family properties through JV

GIC has formed a joint venture with US property investment firm Cortland Partners and...
PUBLISHED Jan 10, 2018 05:50 AM

Theresa May's weakness resurfaces as Cabinet reboot results in chaos

BRITISH Prime Minister Theresa May's attempt to give her government a 2018 reboot...
PUBLISHED Jan 10, 2018 05:50 AM

North and South Koreas agree to hold military talks and further high-level dialogue

AFTER about 11 hours of talks on Tuesday, the two Koreas agreed in a joint statement to...
PUBLISHED Jan 10, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Possible routes for Sembcorp after strategic review

TO SELL, or not to sell? The question of what Sembcorp Industries will do with its marine...
PUBLISHED Jan 10, 2018 05:50 AM

Hong Kong's Lippo makes S$63.1m joint offer for TIH shares

TIH Limited could be set for an ownership shake-up, to the tune of as much as S$66.6...
PUBLISHED Jan 10, 2018 05:50 AM

Singapore tops Asean for 2018 property market growth forecasts

SINGAPORE'S property market came in as the most promising one among Morgan Stanley...
PUBLISHED Jan 10, 2018 05:50 AM

Rex International unit awarded US$1.95m as HiRex arbitration ends

CATALIST-listed oil explorer Rex International Holding on Tuesday said that arbitration...
PUBLISHED Jan 10, 2018 05:50 AM

Olam chief is new chair of World Business Council for Sustainable Development

SUNNY Verghese, Olam International's co-founder and chief executive, has been...
PUBLISHED Jan 10, 2018 05:50 AM

Corporate digest

THE crane specialist announced on Tuesday that its wholly owned subsidiary, Hiap Tong...
PUBLISHED Jan 10, 2018 05:50 AM

Huawei hit by last minute collapse of AT&T phone distribution deal

A DEAL under which US carrier AT&T Inc was to have sold smartphones made by Huawei...
PUBLISHED Jan 10, 2018 05:50 AM
STOCKS

'Bullish glow' continues in local bourse

THE Singapore market extended its "bullish glow" on Tuesday, hitting a fresh...
PUBLISHED Jan 10, 2018 05:50 AM

Brokers' take

ON the back of a nascent recovery for the office market in Singapore in 2017, we see...
PUBLISHED Jan 10, 2018 05:50 AM
CURRENCIES

Yen climbs as BOJ move fuels tightening speculation

THE yen reached a five-day high on Tuesday, after the Bank of Japan (BOJ) trimmed its...
PUBLISHED Jan 10, 2018 05:50 AM

Alibaba founder Ma says he will 'seriously consider' HK listing

ALIBABA Group Holding Ltd will "seriously consider" listing in Hong Kong,...
PUBLISHED Jan 10, 2018 05:50 AM

Samsung disappoints as iPhone screens prove no match for rising won

SAMSUNG Electronics Co missed analyst profit estimates as South Korea's surging...
PUBLISHED Jan 10, 2018 05:50 AM

REAL ESTATE

SRX resale condo price index up for 5th consecutive month

RESALE prices for condominium units and private apartments posted their fifth consecutive...
PUBLISHED Jan 10, 2018 05:50 AM

London beats New York among foreign investors in real estate

NEW York City took a double hit in an annual survey of real estate investors, which saw...
PUBLISHED Jan 10, 2018 05:50 AM

Australia's home building boom gets new burst of energy

APPROVALS to build new homes in Australia surged to 15-month highs in November 2017 as...
PUBLISHED Jan 10, 2018 05:50 AM

BANKING & FINANCE

Cryptocurrency may be getting channelled to N Korea university

A CYBERSECURITY company said it has found software that appears to install code for...
PUBLISHED Jan 10, 2018 05:50 AM

Swiss National Bank expects record 2017 profit of 54b Swiss francs

THE Swiss National Bank expects an annual profit of 54 billion Swiss francs (S$73.4...
PUBLISHED Jan 10, 2018 05:50 AM

ENERGY & COMMODITIES

Iron ore exports from Australia's Port Hedland at all-time high

IRON ore cargoes from Australia's Port Hedland, the world's biggest bulk export...
PUBLISHED Jan 10, 2018 05:50 AM

Kuwait Energy in merger talks with Soco Int'l: sources

OIL and gas firm Kuwait Energy is in talks to merge with Soco International, an oil and...
PUBLISHED Jan 10, 2018 05:50 AM

China's Sinograin sells from corn stockpiles, gains from recent price rises

CHINA'S state grains stockpiler Sinograin sold corn from its stockpiles at prices in...
PUBLISHED Jan 10, 2018 05:50 AM

TECHNOLOGY

2018 CONSUMER ELECTRONICS SHOW

Pole-dancing robots spice up nerd fest

THEY grind and gyrate around a pole, with moves like a real stripper.
PUBLISHED Jan 10, 2018 05:50 AM
COMMENTARY

'Batterygate' may give Apple a much-needed recharge

APPLE's recent admission that it secretly slowed down older iPhones with ageing...
PUBLISHED Jan 10, 2018 05:50 AM
2018 CONSUMER ELECTRONICS SHOW

Carmakers saying 'slow down' to early rollout of robo-cars

CARMAKERS and tech companies have fallen over one another in recent weeks to show the...
PUBLISHED Jan 10, 2018 05:50 AM
2018 CONSUMER ELECTRONICS SHOW

Nokia launches sleep tracker for beds after Apple's move

NOKIA, continuing to seek success in new hardware categories after exiting the consumer...
PUBLISHED Jan 10, 2018 05:50 AM

CONSUMER

Allcargo shifts focus from port logistics to e-commerce

THE battle for e-commerce dominance in India between Amazon.com Inc and local rival...
PUBLISHED Jan 10, 2018 05:50 AM

HK court fines ivory trader US$1,000 for illegal trading as China cracks down

A HONG Kong court found an ivory trader guilty of illegal ivory possession and imposed a...
PUBLISHED Jan 10, 2018 05:50 AM

Tesco the best Christmas performer among major UK grocers: Nielsen

TESCO saw the strongest overall sales growth among Britain's big four supermarket...
PUBLISHED Jan 10, 2018 05:50 AM

UK ban on microbeads takes effect to save oceans from plastics

THE United Kingdom's ban on making products with microbeads - tiny plastic particles...
PUBLISHED Jan 10, 2018 05:50 AM

TRANSPORT

STRAIT TALK

Panic as China imposes ban on waste imports

SOMETHING close to panic gripped European and North American authorities when China...
PUBLISHED Jan 10, 2018 05:50 AM

GM races to build a formula for profitable electric cars

GENERAL Motors (GM) chief executive Mary Barra has made a bold promise to investors that...
PUBLISHED Jan 10, 2018 05:50 AM

Mexican vehicle exports up in 2017 despite Nafta fears

MEXICAN vehicle production and exports hit a record high in 2017, far outpacing growth in...
PUBLISHED Jan 10, 2018 05:50 AM

Didi Chuxing to launch bike-sharing platform and brand

CHINESE ride-hailing application Didi Chuxing plans to launch a bike-sharing platform...
PUBLISHED Jan 10, 2018 05:50 AM

GOVERNMENT & ECONOMY

COMMENTARY

US economy may be poised for a supply-side surprise

WILL 2018 be the year the supply side of the economy roars back to life? If so, the...
PUBLISHED Jan 10, 2018 05:50 AM

Modest Japanese wage gains point to cautious consumption outlook

JAPAN'S real wages, which are adjusted for inflation, posted their first gain in 11...
PUBLISHED Jan 10, 2018 05:50 AM

Saudi said to weigh increasing size of US$10b loan

SAUDI Arabia is considering increasing the size of a US$10 billion loan after banks on...
PUBLISHED Jan 10, 2018 05:50 AM

LIFE & CULTURE

TAKING HEART

Creating learning opportunities

A business plan that could potentially help children around the world learn a second...
PUBLISHED Jan 10, 2018 05:50 AM

Oprah for US president? Speech fuels talk

COULD Oprah Winfrey run for president and beat Donald Trump? Hollywood, liberals and fans...
PUBLISHED Jan 10, 2018 05:50 AM

EXECUTIVE MONEY

Outlook for emerging markets still positive but returns may be muted

THE outlook for emerging market (EM) equities remains positive, albeit we expect returns...
PUBLISHED Jan 10, 2018 05:50 AM

MiFID II seen driving 20% cut in EU funds' external research budgets

EUROPEAN fund managers have cut their 2018 investment research budgets by 20 per cent as...
PUBLISHED Jan 10, 2018 05:50 AM

OPINION

How technology will power a modern Singapore construction industry

THE Singapore government's Industry Transformation Map (ITM) for the construction...
PUBLISHED Jan 10, 2018 05:50 AM
THE BOTTOM LINE

Will the economy save Trump?

FOR US President Trump, a lot is riding on the economy in 2018. If it continues to do...
PUBLISHED Jan 10, 2018 05:50 AM
EDITORIAL

Clamping down on cartels and collusive practices

MENTION cartels, and certain industries - oil, diamonds, steel - tend to come up as prime...
PUBLISHED Jan 10, 2018 05:50 AM

Price isn't everything in mastering South-east Asia's mobile markets

SOUTH-EAST Asia's mobile telephone markets, long characterised by take-no-prisoners...
PUBLISHED Jan 10, 2018 05:50 AM
COMMENTARY

Vietnam walks thin line between China and US

PRESIDENT Lyndon B Johnson used the "Goldilocks Principle" in strategic...
PUBLISHED Jan 10, 2018 05:50 AM
COMMENTARY

Rising inflation in Japan can shake bond markets

The world economic and financial scene appears too good to be true. Growth has...
PUBLISHED Jan 10, 2018 05:50 AM

BREAKING NEWS

May 26, 2018 02:31 PM

Audi CEO says diesel crisis not over and vows to stay on - report

[FRANKFURT] Audi chief executive Rupert Stadler said the diesel emissions affair was not over and promised to stay at...
May 26, 2018 02:02 PM

South Korea welcomes prospect of 'reignited' US-North Korea talks

[SEOUL] South Korea on Saturday welcomed the renewed prospect of a summit between the United States and North Korea...
May 26, 2018 01:44 PM

ECB board race countdown prompts diversity call to Euro members

[STOCKHOLM] Euro-region leaders picking the successors to European Central Bank President Mario Draghi and colleagues...
May 26, 2018 01:20 PM

Under pressure from Trump, Saudis put brakes on oil's rally

[LONDON] The world's largest oil exporter just made quite a policy swerve. Within six weeks, Saudi Arabia has gone...
May 26, 2018 11:55 AM

Xiaomi said to seek June 7 listing hearing for US$10b IPO

[HONG KONG] Xiaomi aims to seek formal Hong Kong stock exchange approval on June 7 for an initial public offering that...
May 26, 2018 11:16 AM

Apple sees steep increase in US national security requests

[SAN FRANCISCO] Apple on Friday issued its twice yearly transparency report on government data requests, showing...
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