Wednesday, Feb 14, 2018

TOP STORIES

BT EXCLUSIVE

With more floods, call for better business continuity umbrellas

AS climate change causes more flash floods in Singapore, companies need to come up with...
PUBLISHED Feb 14, 2018 05:50 AM

CapitaLand acquires historic Pearl Bank in S$728m collective sale

CAPITALAND has snagged the iconic Pearl Bank Apartments in a collective sale for SS$728...
PUBLISHED Feb 14, 2018 05:50 AM
NEWS ANALYSIS

UE's offer for WBL: Raw deal for minorities?

ON the surface, the opportunity for United Engineers (UE) to pay S$174 million for a 29.9...
PUBLISHED Feb 14, 2018 05:50 AM

Board gender diversity makes some headway in 2017

THE boardrooms of Singapore's listed companies showed some year-on-year improvement...
PUBLISHED Feb 14, 2018 05:50 AM

No rise in claims for flood damage, say car insurers

SINGAPORE motor insurance companies have not seen an uptick in flood-related claims in...
PUBLISHED Feb 14, 2018 05:50 AM
COMMENTARY

Behind the human error that crashed NETS

"AN inadvertent human error during system maintenance" has been blamed for the...
PUBLISHED Feb 14, 2018 05:50 AM

Singapore notches record US$229m fintech funding in '17: KPMG

BUOYED by US$122.75 million of funding in the fourth quarter, Singapore achieved a record...
PUBLISHED Feb 14, 2018 05:50 AM

Trump's infrastructure plan faces battle in Congress

US President Donald Trump unveiled a long-awaited infrastructure plan on Monday (Tuesday...
PUBLISHED Feb 14, 2018 05:50 AM

Security ITM to boost tech, sourcing, skills in industry

INSTEAD of stating how many security guards are required in a tender for a security...
PUBLISHED Feb 14, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Striking a share swap ratio can be a delicate balancing act

IT IS tricky for an acquirer to come up with the "right" swap ratio for a...
PUBLISHED Feb 14, 2018 05:50 AM

CapitaLand eyes AUM of S$100b by 2020 and S$3b in capital recycling each year

CAPITALAND is aiming to grow its total assets under management (AUM) from S$88.8 billion...
PUBLISHED Feb 14, 2018 05:50 AM

RHT reaches agreement to sell portfolio to Fortis

TALKS on the sale of RHT Health Trust's assets to its controlling unitholder Fortis...
PUBLISHED Feb 14, 2018 05:50 AM

Keppel O&M unit served summons in new law suit by EIG

KEPPEL Corporation's offshore and marine (O&M) unit has been served with a...
PUBLISHED Feb 14, 2018 05:50 AM

SATS reports uptick in Q3 profit despite challenging environment

SATS on Tuesday reported a small uptick in its fiscal third-quarter earnings to S$66.6...
PUBLISHED Feb 14, 2018 05:50 AM

Hi-P posts strong profit growth in Q4; proposes final dividend of 4 cents a share

CONSUMER electronics manufacturer Hi-P International more than doubled its net profit...
PUBLISHED Feb 14, 2018 05:50 AM

SIA reports higher Q3 profit

SINGAPORE Airlines' (SIA) third quarter profit surged ahead, bolstered by higher...
PUBLISHED Feb 14, 2018 05:50 AM

Great Eastern eyes growth markets; Q4 profit more than doubles

INSURER Great Eastern, which reported a more than doubling in net profit in the fourth...
PUBLISHED Feb 14, 2018 05:50 AM

Corporate digest

INDIAN fintech company Lendingkart Technologies is seeking to raise over US$87 million of...
PUBLISHED Feb 14, 2018 05:50 AM
STOCKS

Property earnings and oil prices stir trade

SINGAPORE stocks gained more ground on their second day in positive territory, helped by...
PUBLISHED Feb 14, 2018 05:50 AM

Brokers' take

STATOIL could announce its choice of floating production, storage and offloading (FPSO)...
PUBLISHED Feb 14, 2018 05:50 AM
CURRENCIES

Yen hits five-month high as US dollar extends fall

THE Japanese yen rose to a five-month high on Tuesday on the back of broad-based selling...
PUBLISHED Feb 14, 2018 05:50 AM
HOT STOCK

SembMarine rebounds following late Monday selloff

SEMBMARINE'S shares soared during trading on Tuesday with the oil and gas firm'...
PUBLISHED Feb 14, 2018 05:50 AM

Weaker taxi business drags ComfortDelGro earnings down

TRANSPORT giant ComfortDelGro Corp posted a 4.9 per cent drop in net earnings to S$301.5...
PUBLISHED Feb 14, 2018 05:50 AM

Roxy-Pacific's Q4 net profit falls 39%

LOWER revenue from some developments eroded Q4 results for Roxy-Pacific Holdings, as net...
PUBLISHED Feb 14, 2018 05:50 AM

REAL ESTATE

Condo resale prices up 1% in Jan: SRX

RESALE prices of condominiums and private apartments continued to appreciate month-on-...
PUBLISHED Feb 14, 2018 05:50 AM

Paris Grand Palais to get facelift

FRANCE unveiled a spectacular near half-billion-euro (S$815 million) overhaul of one of...
PUBLISHED Feb 14, 2018 05:50 AM

BANKING & FINANCE

New loans by Chinese banks surge to record 2.9t yuan in Jan

CHINA'S banks extended a record 2.9 trillion yuan (S$612.42 billion) in new yuan...
PUBLISHED Feb 14, 2018 05:50 AM

Japan sticking with Kuroda will bring policy continuity

AS its global peers navigate back to normal monetary policy, the Bank of Japan looks set...
PUBLISHED Feb 14, 2018 05:50 AM

ENERGY & COMMODITIES

Asia's LNG market set for shake-up

A MOVE by Korea Gas Corp (Kogas) to seek arbitration over the terms of a liquefied...
PUBLISHED Feb 14, 2018 05:50 AM

Mugabe's fall has veteran miners jockeying for Zimbabwe comeback

ROBERT Mugabe's fall as Zimbabwe president is setting the scene for the return of a...
PUBLISHED Feb 14, 2018 05:50 AM

Trump seeks to shift Energy Dept priorities with clean energy cuts

THE Trump administration's fiscal 2019 budget might never become law, but it's...
PUBLISHED Feb 14, 2018 05:50 AM

Iraq aims to raise its oil output to 7m barrels a day by 2022

IRAQ, the second largest oil producer in the Opec cartel, plans to sharply increase its...
PUBLISHED Feb 14, 2018 05:50 AM

TECHNOLOGY

Amazon laying off hundreds after years-long hiring spree

AMAZON is laying off hundreds of workers in its Seattle headquarters and beyond,...
PUBLISHED Feb 14, 2018 05:50 AM

Google's next Android overhaul is said to embrace the iPhone 'notch'

GOOGLE is working on an overhaul of its Android mobile software for a new generation of...
PUBLISHED Feb 14, 2018 05:50 AM

Robots take to the slopes on sidelines of Winter Games

WHILE Alpine skiers fought high winds at the Pyeongchang Games on Monday, there were no...
PUBLISHED Feb 14, 2018 05:50 AM

Latest research shows Snapchat has US kids hooked

SOCIAL network Instagram has come to look more like rival Snapchat after copying some of...
PUBLISHED Feb 14, 2018 05:50 AM

Google hires former Samsung exec to coordinate IoT projects

ALPHABET Inc's Google this month hired Injong Rhee, who recently resigned as Samsung...
PUBLISHED Feb 14, 2018 05:50 AM

CONSUMER

Gucci fever boosts Kering's fourth-quarter sales growth

LUXURY goods group Kering on Tuesday posted better-than-expected sales growth in the...
PUBLISHED Feb 14, 2018 05:50 AM

Opioid makers paid millions to advocacy groups: US Senate report

FIVE opioid manufacturers including OxyContin maker Purdue Pharma LP have paid more than...
PUBLISHED Feb 14, 2018 05:50 AM

TUI Group says summer trading good, on track to hike profits

EUROPEAN travel group TUI said summer trading was very good with bookings for Greece,...
PUBLISHED Feb 14, 2018 05:50 AM

TRANSPORT

STRAIT TALK

Overcoming the challenges women seafarers face

IN November 2016 International Maritime Organization IMO secretary-general Kitack Lim...
PUBLISHED Feb 14, 2018 05:50 AM

Star Alliance, Accenture launch digital services platform

STAR Alliance and Accenture have launched a digital services platform to create a more...
PUBLISHED Feb 14, 2018 05:50 AM

Maersk rolls out digitisation strategy in bid to stop customers from turning into rivals

THE world's biggest container shipping line is trying to stop customers like Amazon...
PUBLISHED Feb 14, 2018 05:50 AM

Two firms land deal to conduct on-demand bus trials

THE Land Transport Authority (LTA) has awarded nearly half a million dollars in contracts...
PUBLISHED Feb 14, 2018 05:50 AM

GOVERNMENT & ECONOMY

British government seeks to win over Brexit detractors at home and in Europe

THE British government is to embark on an EU and home offensive to persuade detractors...
PUBLISHED Feb 14, 2018 05:50 AM

Global growth outlook seen intact as stock market rebounds

WALL Street's solid rebound on Monday following a two-week roller-coaster ride...
PUBLISHED Feb 14, 2018 05:50 AM

Asia's central banks grapple with ageing populations

BANK of Japan governor Haruhiko Kuroda says it's the most significant challenge...
PUBLISHED Feb 14, 2018 05:50 AM

Lotte chief embroiled in influence-peddling scandal sentenced to 20 years jail

THE friend of former South Korean leader Park Geun Hye, who was at the centre of an...
PUBLISHED Feb 14, 2018 05:50 AM

Former NZ PM Bill English quits politics after election loss

NEW Zealand National Party leader Bill English announced he is bowing out of politics,...
PUBLISHED Feb 14, 2018 05:50 AM

LIFE & CULTURE

TAKING HEART

Needy bag 'blessings and joy' this CNY

UNDERPRIVILEDGED seniors and families had an early start to the Chinese New Year...
PUBLISHED Feb 14, 2018 05:50 AM

DVF keeps it all in the family

DVF has a new muse, and her initials are TVF.
PUBLISHED Feb 14, 2018 05:50 AM

Immigrant's daughter wows the Games and the world

CHLOE Kim, the 17-year-old gold medal winner in the snowboard halfpipe, was sitting near...
PUBLISHED Feb 14, 2018 05:50 AM

EXECUTIVE MONEY

One cause of market turbulence: computer-driven index funds

A DECADE ago, the centre of gravity on Wall Street was raucous trading desks and stock...
PUBLISHED Feb 14, 2018 05:50 AM

What if oil prices stay higher for longer?

ASEAN economies are in the part of the cycle where growth has cyclically picked up and...
PUBLISHED Feb 14, 2018 05:50 AM

OPINION

EDITORIAL

Caveat emptor for those still in thrall of cryptocurrencies

CRYPTOCURRENCY investors are no strangers to setbacks and criticisms. But even the most...
PUBLISHED Feb 14, 2018 05:50 AM
SINGAPORE BUDGET 2018

Singapore Budget 2018: Time to consider tech for tax compliance

FINANCE Minister Heng Swee Keat is widely expected to announce the government's...
PUBLISHED Feb 14, 2018 05:50 AM
THE BOTTOM LINE

New 3-tier global trade system may be worth considering

THE recent World Economic Forum at Davos had Indian Prime Minister Narendra Modi and US...
PUBLISHED Feb 14, 2018 05:50 AM

Quad dialogue group gives India chance to grow military ties

INDIA has welcomed the initiative to create the Quadrilateral Security Dialogue, or Quad...
PUBLISHED Feb 14, 2018 05:50 AM
COMMENTARY

Trump is pushing the US further towards kleptocracy

AMERICA certainly has a different kind of president than what it is used to. What...
PUBLISHED Feb 14, 2018 05:50 AM
COMMENTARY

Transforming labour for the future economy

ONE of Singapore's strengths has always been the quality of its manpower. At the...
PUBLISHED Feb 14, 2018 05:50 AM

BREAKING NEWS

Jun 19, 2018 06:09 PM

ST Engineering collaborates with SafeRide Technologies to protect autonomous vehicles from cyberattacks

ST Engineering is collaborating with Israeli automotive cybersecurity startup SafeRide Technologies to protect the...
Jun 19, 2018 06:02 PM

Europe and US don't share same "model of civilisation": France

[PARIS] President Donald Trump's policy of separating migrants entering the US from Mexico from their children...
Jun 19, 2018 05:51 PM

Malaysia: Shares slump on Tuesday

MALAYSIAN share prices closed lower on Tuesday, with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 28.07...
Jun 19, 2018 05:41 PM

Most under-35s OK with insurers digital spying if it cuts prices

[LONDON] The majority of people between 18 and 34 would be willing to let insurance companies dig through their digital...
Jun 19, 2018 05:41 PM

Singapore shares fall 0.7% on Tuesday

SINGAPORE shares ended lower on Tuesday, tracking regional index falls as US President Donald Trump threatened yet more...
Jun 19, 2018 05:15 PM

SMEs still upbeat for rest of 2018, but caution has crept in due to trade tensions: index

SINGAPORE'S SMEs remain upbeat about their prospects for the second half of this year, but caution has crept in as...
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