Thursday, Feb 15, 2018

TOP STORIES

Singapore banks start 2018 with O&M woes fading into distance

THE three Singapore banks will usher in the Lunar New Year amid a likely shift in...
PUBLISHED Feb 15, 2018 05:50 AM

A Lunar New Year special in the Weekend magazine

The Year of the Dog is upon us. In Friday's issue of Weekend Magazine, join us as we...
PUBLISHED Feb 15, 2018 05:50 AM

Developers post best January private home sales in four years

DEVELOPERS have posted their best January private home sales figures in four years but...
PUBLISHED Feb 15, 2018 05:50 AM
SINGAPORE ECONOMY

IE upgrades 2018 NODX forecast on 2017 rebound

SINGAPORE'S trade forecast for 2018 has been upgraded, after a turnaround in 2017...
PUBLISHED Feb 15, 2018 05:50 AM

LTA to take over SBS Transit rail assets on North-East MRT, Sengkang-Punggol LRT lines

THE Land Transport Authority is to buy operating assets on North-East MRT and Sengkang-...
PUBLISHED Feb 15, 2018 05:50 AM

Signs of manufacturing moderating, but services expected to step up

THE manufacturing sector - the breakout performer last year - is showing clear signs of...
PUBLISHED Feb 15, 2018 05:50 AM

2017 labour productivity jumps to seven-year high

SINGAPORE'S overall labour productivity in 2017 surged to a seven-year peak - the...
PUBLISHED Feb 15, 2018 05:50 AM
PM LEE'S CHINESE NEW YEAR MESSAGE

Social support, healthcare and education are key: PM Lee

AS FAMILIES gather for their reunion dinners tonight, Prime Minister Lee Hsien Loong has...
PUBLISHED Feb 15, 2018 05:50 AM
COMMENTARY

Singapore Budget 2018: On the cusp of higher taxes?

AFTER a week of exaggerated market volatility, it seems rather mundane to talk about...
PUBLISHED Feb 15, 2018 05:50 AM
REGIONAL ECONOMIES

Robust 2017 growth sets stage for Malaysia's Najib ahead of polls

MALAYSIA'S economy expanded by a stronger-than-expected 5.9 per cent in the last...
PUBLISHED Feb 15, 2018 05:50 AM
REGIONAL ECONOMIES

Japan's slower growth, surging yen lock BOJ in stimulus programme

JAPAN'S slowest growth in two years and a surging yen underscore the fact that the...
PUBLISHED Feb 15, 2018 05:50 AM

Andre Chiang's next course to be served up in Chengdu

WHEN chef Andre Chiang announced the closing of Restaurant Andre on Oct 11 last year, he...
PUBLISHED Feb 15, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Pacific Radiance headed for a messy debt revamp?

OFFSHORE and marine group Pacific Radiance could be in for a messy and possibly painful...
PUBLISHED Feb 15, 2018 05:50 AM
BANKS' EARNINGS

With O&M exposure contained, OCBC Q4 profit beats forecasts to rise 31%

MORE funds may be circling the offshore and marine (O&M) sector to hunt for some...
PUBLISHED Feb 15, 2018 05:50 AM

UOB ups annual dividend, proposes special dividend but fails to lift stock

UNITED Overseas Bank on Wednesday proposed higher final dividends and also increased its...
PUBLISHED Feb 15, 2018 05:50 AM

StarHub Q4 profit falls 74% on hefty one-off expenses

A FRESH round of benefits may have cheered StarHub employees, but the higher staff costs...
PUBLISHED Feb 15, 2018 05:50 AM

French bank Natixis posts surprise rise in Q4 profit

FRENCH investment bank Natixis reported an unexpected rise in its fourth quarter net...
PUBLISHED Feb 15, 2018 05:50 AM
STOCKS

STI slips 12 points; focus on US inflation

INFLATION fears continue to linger, with sentiment fragile ahead of the release of two...
PUBLISHED Feb 15, 2018 05:50 AM

Brokers' take

Upgrade to buy as we see SIA benefitting from a synchronised global economic recovery. We...
PUBLISHED Feb 15, 2018 05:50 AM
CURRENCIES

US dollar hits 15-month low against yen

The Swedish crown hit a six-day high after the country's central bank said it saw an...
PUBLISHED Feb 15, 2018 05:50 AM

Roxy-Pacific all set to ride property upturn

FOLLOWING a softer 2017, Roxy-Pacific Holdings is back in the game - just in time for the...
PUBLISHED Feb 15, 2018 05:50 AM

Thai Bev Q1 net profit down on lower revenue, acquisition costs

THAI spirits maker Thai Beverage has posted a first quarter net profit of 2.91 billion...
PUBLISHED Feb 15, 2018 05:50 AM

Corporate digest

INCREASED revenue from its product offerings gave a lift to the results of iFast...
PUBLISHED Feb 15, 2018 05:50 AM

REAL ESTATE

Cairnhill Mansions, Riviera Point finally sold in en bloc deals

WEDNESDAY saw the successful en bloc sales of two prime Singapore property developments.
PUBLISHED Feb 15, 2018 05:50 AM

Jan condo rents up 0.5%; HDB rents fall 0.2%: SRX

RENTS for condominiums and private apartments reversed course last month to notch a small...
PUBLISHED Feb 15, 2018 05:50 AM

CBRE hires Troy Shortell to lead supply chain advisory business in Asia

COMMERCIAL real estate services firm CBRE said on Wednesday that it has hired Troy...
PUBLISHED Feb 15, 2018 05:50 AM

GIC leads investor group to develop North American data centres

GIC will lead a group of investors to form an investment vehicle to develop, acquire and...
PUBLISHED Feb 15, 2018 05:50 AM

Blackstone's real estate business gets two chiefs

THERE are two new sheriffs in town at the helm of one of the world's largest...
PUBLISHED Feb 15, 2018 05:50 AM
COMMENTARY

For China's HNA, happiness is a warm HK property market

WHAT goes up must come down. What goes up fast must come down even faster. Except Hong...
PUBLISHED Feb 15, 2018 05:50 AM

US household debt up as home mortgages rise

THE total debt held by US households surged in 2017 to more than US$13 trillion, the...
PUBLISHED Feb 15, 2018 05:50 AM

BANKING & FINANCE

Credit Suisse trading revival confirms turnaround: CEO

CREDIT Suisse Group AG's Tidjane Thiam said he "couldn't be more pleased...
PUBLISHED Feb 15, 2018 05:50 AM

Cash is no longer king in Germany

CASH no longer makes up most of the money spent in Germany, a Bundesbank study showed on...
PUBLISHED Feb 15, 2018 05:50 AM

Australia's banking regulator flags new capital rules on loans

AUSTRALIA'S banking regulator proposed on Wednesday that the country's lenders...
PUBLISHED Feb 15, 2018 05:50 AM

ENERGY & COMMODITIES

Asia's soaring gas demand opens the way for new LNG projects

SOARING gas demand from China, India and South-east Asia is soaking up an LNG supply glut...
PUBLISHED Feb 15, 2018 05:50 AM

Three Singapore-based companies win solar project deals

THREE Singapore-based companies have secured deals for solar-related projects in the Asia...
PUBLISHED Feb 15, 2018 05:50 AM

Steel unit boosts Thyssenkrupp's Q1 profit ahead of Tata Steel tie-up

GERMAN industrial and technology group Thyssenkrupp said on Wednesday that first-quarter...
PUBLISHED Feb 15, 2018 05:50 AM

TECHNOLOGY

Walmart heads for cloud to take on Amazon

ONE of Walmart Inc's best chances at taking on Amazon.com Inc in e-commerce lies...
PUBLISHED Feb 15, 2018 05:50 AM

Baidu plans US IPO of Netflix-like unit as Q4 sales top estimates

BAIDU plans to list its Netflix-like video streaming service iQiyi on a US exchange as...
PUBLISHED Feb 15, 2018 05:50 AM

Google really wants to take you there

FLIGHT-delay predictions, mobile trip-planning, automatic itinerary management, language...
PUBLISHED Feb 15, 2018 05:50 AM

CONSUMER

Sky wins bulk of EPL rights as value slips

RUPERT MURDOCH'S Sky will pay £3.58 billion (S$6.5 billion) to show 128 English...
PUBLISHED Feb 15, 2018 05:50 AM

Glee producer Ryan Murphy to move to Netflix for US$300m

STREAMING giant Netflix has won yet another battle against old Hollywood. On Tuesday...
PUBLISHED Feb 15, 2018 05:50 AM

H&M forecasts physical stores to return to growth next year

HENNES & MAURITZ AB forecast that sales at its brick-and-mortar stores will return to...
PUBLISHED Feb 15, 2018 05:50 AM

In global race for cancer therapy, a Chinese biotech firm surges

IN THE global race to use human immune cells to fight cancers, a little-known Chinese...
PUBLISHED Feb 15, 2018 05:50 AM

TRANSPORT

Tesla's China dream threatened by standoff over Shanghai factory

TESLA, the biggest-selling electric carmaker in the US, is in danger of being relegated...
PUBLISHED Feb 15, 2018 05:50 AM

Drone's close encounter with jet spurs call for tighter laws in the US

A VIDEO from a drone that flew within feet of an airliner over Las Vegas and prompted...
PUBLISHED Feb 15, 2018 05:50 AM

As Boeing weighs new 797, Delta wants to fly the jet first

DELTA Air Lines is showing no hard feelings after its recent trade spat with Boeing.
PUBLISHED Feb 15, 2018 05:50 AM

GOVERNMENT & ECONOMY

LATEST US DATA

Consumer prices in January up more than expected

US consumer prices rose more than expected in January, with a measure of underlying...
PUBLISHED Feb 15, 2018 05:50 AM

Boris Johnson seeks to allay Brexit fears

FOREIGN Secretary Boris Johnson on Wednesday called for Britain to completely throw off...
PUBLISHED Feb 15, 2018 05:50 AM

Trump weighing tariffs and quotas on US steel and aluminium imports

US President Donald Trump said on Tuesday he was considering options to address steel and...
PUBLISHED Feb 15, 2018 05:50 AM

The worst of India banks' bad-loan woes may be yet to come

JUST when many Indian banks thought the worst of their bad debt woes were behind them,...
PUBLISHED Feb 15, 2018 05:50 AM

Japan posts longest growth streak since 1980s bubble economy

JAPAN'S economy posted its longest continuous expansion since the 1980s boom as...
PUBLISHED Feb 15, 2018 05:50 AM

Restructuring firms eyeing China's debt-laden dealmakers

CHINESE deal makers that racked up debts for overseas deals and are now reversing course...
PUBLISHED Feb 15, 2018 05:50 AM

LIFE & CULTURE

For White, a big comeback on the half pipe

THE durability of snowboarding, both as an Olympic event and a sport capable of lingering...
PUBLISHED Feb 15, 2018 05:50 AM

No rest for the dogs patrolling the Forbidden City as the Chinese usher in Year of the Dog

AS China ushers in the Year of the Dog, hundreds of millions of Chinese are travelling to...
PUBLISHED Feb 15, 2018 05:50 AM

OPINION

From Tea Party to party of Big Government

AFTER the administration of then-president Barack Obama announced in early 2009 its plans...
PUBLISHED Feb 15, 2018 05:50 AM
THE BOTTOM LINE

Singapore's new cyber law, one step in many to make online safe

THE passage of the landmark Cybersecurity Bill in Parliament early this month marks an...
PUBLISHED Feb 15, 2018 05:50 AM
EDITORIAL

A warming of North-South Korean ties not a substitute for denuclearisation

When North Korean leader Kim Jong-un surprised the world by declaring that his nation was...
PUBLISHED Feb 15, 2018 05:50 AM

Bosses and workers need to mind the gaps in the gig economy

THE human capital landscape has evolved much from what it was a decade ago. With digital...
PUBLISHED Feb 15, 2018 05:50 AM

UK seeks to seize back Brexit initiative

UK Foreign Secretary Boris Johnson gave a set-piece Brexit speech on Wednesday in London...
PUBLISHED Feb 15, 2018 05:50 AM

Reframing the board diversity issue: set 25 by 25 target

STUDIES upon studies have shown there is clear association between a board's gender...
PUBLISHED Feb 15, 2018 05:50 AM

BREAKING NEWS

Jun 19, 2018 11:13 PM

Advance SCT to appoint new non-executive chairman

ADVANCE SCT will be appointing a new non-executive chairman, the company said on Tuesday.
Jun 19, 2018 11:10 PM

UPS to spend US$130m on new natural gas vehicles, fueling stations

[LOS ANGELES] Package delivery company United Parcel Service (UPS) on Tuesday said it will invest US$130 million to buy...
Jun 19, 2018 10:55 PM

Addvalue Technologies terminates placement agreement with KGI Securities

ADDVALUE Technologies and KGI Securities (Singapore) have mutually agreed to terminate a placement agreement, the...
Jun 19, 2018 10:38 PM

UnUsUaL subsidiary, Sliding Door Entertainment to bring Asia dinosaur tour to 11 cities

UNUSUAL Entertainment is partnering Sliding Door Entertainment to bring a "Walking with Dinosaurs - The Arena...
Jun 19, 2018 10:30 PM

London construction firms rely heavily on EU workers, figures show

[LONDON] More than a quarter of London's construction workers come from elsewhere in the European Union, according...
Jun 19, 2018 10:20 PM

TT International gets nod for further extension for FY2018 AGM

MAINBOARD-LISTED TT International has been granted a further extension of time by the Accounting and Corporate...
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