Friday, Mar 02, 2018

TOP STORIES

BT EXCLUSIVE

Pines members move to take legal action against club owner Exklusiv Resorts

MEMBERS of The Pines club are looking to start a representative action suit against club...
PUBLISHED Mar 2, 2018 05:50 AM

When bosses go big on data, in BT Weekend

DATA analytics has revolutionised how companies approach human resource issues, giving...
PUBLISHED Mar 2, 2018 05:50 AM
SINGAPORE BUDGET 2018

Singapore Budget 2018: PayNow to be extended to businesses, public agencies

BUSINESSES will soon be able to receive payments from other businesses and even consumers...
PUBLISHED Mar 2, 2018 05:50 AM
SINGAPORE BUDGET 2018

Singapore Budget 2018: 3 in 4 SMEs unfazed by proposed GST hike: DBS survey

A SURVEY by DBS Bank has found that three in four small and medium-sized enterprises (...
PUBLISHED Mar 2, 2018 05:50 AM
SINGAPORE BUDGET 2018

Singapore Budget 2018: Anti-globalisation not the answer to problems - Vivian

THOUGH free trade has been unfairly blamed for economic problems around the world,...
PUBLISHED Mar 2, 2018 05:50 AM
SINGAPORE BUDGET 2018

Singapore Budget 2018: Ministerial salaries to stay put, but will be reviewed again - DPM Teo

MINISTERIAL salaries will remain unchanged but will be reviewed after five years or when...
PUBLISHED Mar 2, 2018 05:50 AM
SINGAPORE BUDGET 2018

Singapore Budget 2018: Singapore's population expected to be below 6.9 million by 2030

SINGAPORE is not expected to change its immigration policy, and its population is likely...
PUBLISHED Mar 2, 2018 05:50 AM
BT EXCLUSIVE

Cortina closes almost all its watch outlets in Wisma Atria

CORTINA Holdings has shut virtually all its watch boutiques in Wisma Atria in Orchard...
PUBLISHED Mar 2, 2018 05:50 AM

Digital telco Circles.Life offers on-demand unlimited data plan

CIRCLES.LIFE, Singapore's first "digital telco" and fourth mobile operator...
PUBLISHED Mar 2, 2018 05:50 AM

CEFC founder's arrest 'unlikely to affect Singapore's third derivatives exchange'

CHINESE President Xi Jinping's shock detention of oil baron Ye Jianming is unlikely...
PUBLISHED Mar 2, 2018 05:50 AM

China's Feb manufacturing resilient but weaknesses loom

CHINA'S manufacturing sector remained resilient in February, though it showed some...
PUBLISHED Mar 2, 2018 05:50 AM

Deepening Asean connectivity a key economic objective for Singapore, says trade minister

A KEY economic objective for Singapore this year, as it takes over the Asean chairmanship...
PUBLISHED Mar 2, 2018 05:50 AM

SGX among contenders said to be eyeing Tel Aviv Stock Exchange

THE Singapore Exchange (SGX) has emerged as a contender for a controlling stake in the...
PUBLISHED Mar 2, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

How OUE could craft its exit strategy for OUE Downtown

OUE'S full-year results released recently revealed that its revamped Downtown...
PUBLISHED Mar 2, 2018 05:50 AM

MAS scraps S$50,000 purchase limit for each Singapore Savings Bonds issue

THE Monetary Authority of Singapore (MAS) has removed the S$50,000 limit on the maximum...
PUBLISHED Mar 2, 2018 05:50 AM
STOCKS

STI down 0.1% as investor caution reigns

IT was not a start to March that investors were hoping for on Thursday, as a sea of red...
PUBLISHED Mar 2, 2018 05:50 AM

Brokers' take

We continue to like China Aviation Oil (CAO) given its monopolistic position as the sole...
PUBLISHED Mar 2, 2018 05:50 AM
CURRENCIES

Euro slips to 7-week low against dollar

THE euro slipped to a seven-week low against the dollar on Thursday, as investors bet...
PUBLISHED Mar 2, 2018 05:50 AM

Ezra lines up rescue plan with Asia Fund Space

DISTRESSED offshore and marine (O&M) group Ezra Holdings has entered into a binding...
PUBLISHED Mar 2, 2018 05:50 AM

Oceanus back in the black with full-year profit of 176m yuan

OCEANUS Group, which has been on the Singapore Exchange's (SGX) watch-list since...
PUBLISHED Mar 2, 2018 05:50 AM

Singapore Medical Group acquires stake in local aesthetics clinic, proposes rights issue

CATALIST-LISTED Singapore Medical Group (SMG) is acquiring an 85 per cent stake in...
PUBLISHED Mar 2, 2018 05:50 AM

MindChamps profit down 15% to S$4.6 million

MINDCHAMPS PreSchool, the largest premium preschool operator and franchiser in Singapore...
PUBLISHED Mar 2, 2018 05:50 AM

InnoTek declares 1 cent dividend on lower Q4 earnings

FOLLOWING a request on Feb 1 to move a resolution to declare a 7.5 Singapore cent per...
PUBLISHED Mar 2, 2018 05:50 AM

Ayondo lodges preliminary offer document for listing on Catalist

EUROPEAN social-trading broker Ayondo Ltd, whose potential listing has created quite a...
PUBLISHED Mar 2, 2018 05:50 AM

Jardine C&C posts 16% jump in earnings to US$811m

JARDINE Cycle & Carriage (Jardine C&C) on Thursday reported a 16 per cent jump in...
PUBLISHED Mar 2, 2018 05:50 AM

Corporate digest

KrisEnergy shaved its 2017 net loss to US$139.2 million from US$237.1 million a year ago...
PUBLISHED Mar 2, 2018 05:50 AM

REAL ESTATE

Year's first successful auction of Sentosa Cove home sold at S$2.4m loss

A TWO-LEVEL penthouse on the sixth storey of The Berth By The Cove has become the first...
PUBLISHED Mar 2, 2018 05:50 AM

CapitaLand acquires Hanoi site; sets up second fund in Vietnam

CAPITALAND has acquired a prime site for its first integrated development in Hanoi,...
PUBLISHED Mar 2, 2018 05:50 AM

New Savills managing director forecasts 'AAA' office rental growth to hit 10% this year

BELLS are ringing for landlords amid a shortage in supply in the core CBD area and...
PUBLISHED Mar 2, 2018 05:50 AM

Mexican government's move to sell army base could generate giant land deal

MEXICO'S government is preparing to sell a giant parcel of land that could turn an...
PUBLISHED Mar 2, 2018 05:50 AM

BANKING & FINANCE

Dollar underpinned by Powell; euro at 5-week low vs greenback

THE dollar held firm on Thursday, drawing support after the Federal Reserve's new...
PUBLISHED Mar 2, 2018 05:50 AM

Ex-BlackRock manager sees US yield rising to 4% on policy tightening

A FORMER bond manager at BlackRock says the yield on 10-year Treasuries may hit 4 per...
PUBLISHED Mar 2, 2018 05:50 AM
COMMENTARY

Two central bankers who are getting it wrong on wage growth

THE European Central Bank and the Bank of England could be heading for a policy mistake,...
PUBLISHED Mar 2, 2018 05:50 AM

Carousell, MoneySmart team up in personal finance app

WITH effect from Thursday, Carousell users can tap personal finance portal, MoneySmart...
PUBLISHED Mar 2, 2018 05:50 AM

ENERGY & COMMODITIES

COMMENTARY

US steel tariffs' bitter blow will hurt America most

TO a hammer, every problem looks like a nail. To US Commerce Secretary Wilbur Ross - who...
PUBLISHED Mar 2, 2018 05:50 AM

Gas deficit a possibility as big freeze hits UK

THE freezing weather entrenched across northern Europe will stretch Britain's supply...
PUBLISHED Mar 2, 2018 05:50 AM

TECHNOLOGY

Spotify eyes listing, sees itself as next Netflix

INVESTORS have a lot of reasons to avoid Spotify Technology, owner of the world's...
PUBLISHED Mar 2, 2018 05:50 AM

Tech executive plans to disrupt education with school in Melbourne

AT LUMINEER Academy, a new primary school in Williamstown, a Melbourne suburb, there is...
PUBLISHED Mar 2, 2018 05:50 AM

China seeks to raise 200b yuan to fuel homegrown chip dream

CHINA'S government aims to raise as much as 200 billion yuan (S$41.8 billion) to...
PUBLISHED Mar 2, 2018 05:50 AM

Microsoft co-founder Allen wants to teach machines common sense

MICROSOFT'S co-founder Paul Allen said on Wednesday that he was pumping an...
PUBLISHED Mar 2, 2018 05:50 AM

CONSUMER

Macau casino revenue growth falls short of expectations in February

GAMBLING revenue in the Chinese territory of Macau rose 5.7 per cent in February, less...
PUBLISHED Mar 2, 2018 05:50 AM

Europe follows FDA to get nod for early stage Alzheimer's therapies

EUROPEAN regulators are following in the footsteps of the US Food and Drug Administration...
PUBLISHED Mar 2, 2018 05:50 AM

Walmart raises minimum age to 21 for firearms purchase

US retail giant Walmart announced on Wednesday that it was raising to 21 its minimum age...
PUBLISHED Mar 2, 2018 05:50 AM

TRANSPORT

AirAsia to sell plane-leasing ops for US$1.2b

AIRASIA Bhd is selling up to 182 Airbus jets to firms managed by BBAM Ltd, one of the...
PUBLISHED Mar 2, 2018 05:50 AM

Parts suppliers call for cleaner cars

IN the debate over how quickly to make US cars pollute less, the nation's car-parts...
PUBLISHED Mar 2, 2018 05:50 AM

Asia's revenue growth fuels Dyson's electric car dreams

DYSON Ltd, best-known as a manufacturer of vacuum cleaners, hand driers and air filters,...
PUBLISHED Mar 2, 2018 05:50 AM

Peugeot hits new earnings record despite Opel loss

BUOYANT sales of new models helped French carmaker PSA Group shrug off losses at newly...
PUBLISHED Mar 2, 2018 05:50 AM

GOVERNMENT & ECONOMY

LATEST US DATA

Consumer inflation up in January; spending slows

US consumer prices increased in January, with a gauge of underlying inflation posting its...
PUBLISHED Mar 2, 2018 05:50 AM

Manufacturing data shows mixed picture of global economic growth

MANUFACTURING data painted a mixed picture of economic activity across the globe, with...
PUBLISHED Mar 2, 2018 05:50 AM

IMF chief sees growth, overheating, debt risks from US tax cuts

INTERNATIONAL Monetary Fund managing director Christine Lagarde said she saw positive and...
PUBLISHED Mar 2, 2018 05:50 AM

Rise in far-right populism rocks Italian polls

POLLS ahead of March 4 election indicate that Italy is heading for political gridlock - a...
PUBLISHED Mar 2, 2018 05:50 AM

Luxury yacht crew questioned in 1MDB probe

INDONESIAN police on Thursday questioned the captain and crew of a luxury yacht seized in...
PUBLISHED Mar 2, 2018 05:50 AM

LIFE & CULTURE

More hotel guests ditch housekeeping services

THE question came at check-in: Did I want to forgo housekeeping for the two days I was...
PUBLISHED Mar 2, 2018 05:50 AM

Picasso work of muse, lover fetches £50m

A PABLO PICASSO painting depicting his muse Marie-Therese Walter with future lover Dora...
PUBLISHED Mar 2, 2018 05:50 AM

13 Picassos sold in two days, and one firm laps them all up

AN INTERNATIONAL art advisory firm went on a Picasso shopping spree, dropping US$155...
PUBLISHED Mar 2, 2018 05:50 AM

OPINION

Going from workforce to 'thinkforce'

AS ASEAN opens its 51st year, leaders face a major question: How to maintain the growth...
PUBLISHED Mar 2, 2018 05:50 AM
THE BOTTOM LINE

Concerted effort needed on climate action in 2018

SINGAPORE'S declaration of 2018 as the "Year of Climate Action", backed by...
PUBLISHED Mar 2, 2018 05:50 AM
EDITORIAL

Tackling issue of gender diversity on boards - can GLCs lead the way?

AMONG the proposed changes to the Code of Corporate Governance announced in January is to...
PUBLISHED Mar 2, 2018 05:50 AM

Going green will starve poor countries of greenbacks

IN January this year, The Straits Times ran a story about how Singapore's three...
PUBLISHED Mar 2, 2018 05:50 AM

Ignore oil, interest rates and currencies - to our peril

THREE months ago, I argued that rising stock markets around the world were a consequence...
PUBLISHED Mar 2, 2018 05:50 AM

High stakes - Can UK PM Theresa May outline a clear Brexit strategy to Brussels and turn things around?

THERESA May will give on Friday only her third set-piece speech on Brexit since becoming...
PUBLISHED Mar 2, 2018 05:50 AM

Lifestyle

Exploring new taste landscapes

ONE thing we have to say about the new hotel restaurants that have been popping up lately...
PUBLISHED Mar 2, 2018 05:50 AM

Bordeaux: comfort food of the vinous world

THE feeling that sweeps over one when drinking Bordeaux today is rather similar to the...
PUBLISHED Mar 2, 2018 05:50 AM

Home Away from Home

FOR DEXTER SAY, A TWO-STOREY property in Niseko, Hokkaido, is literally home away from...
PUBLISHED Mar 2, 2018 05:50 AM

George Bamford

GEORGE BAMFORD HATES THE WORD 'disruptor'. although he doesn't deny being...
PUBLISHED Mar 2, 2018 05:50 AM

Green Day Out

Two environmentally-conscious festivals are headed our way. Garden Beats is touted as...
PUBLISHED Mar 2, 2018 05:50 AM

Barking Chic

The house visits and pineapple tarts binge might be more or less over but technically it...
PUBLISHED Mar 2, 2018 05:50 AM

Grand Makeover

Chanel will contribute 25 million euros (S$41 million) to the restoration and renovation...
PUBLISHED Mar 2, 2018 05:50 AM

Scent-sual Living

In 1961 Paris, three friends - an interior designer, painter and theatre director - got...
PUBLISHED Mar 2, 2018 05:50 AM

Bespoke Service

Montblanc's newest boutique at Paragon is the first in the region to offer on-the-...
PUBLISHED Mar 2, 2018 05:50 AM

Love and Other Ghosts

The elusive, perhaps even illusory, pursuit of true love haunts the play Why We Chat,...
PUBLISHED Mar 2, 2018 05:50 AM

Sunday Brunch

After the last taste of yusheng and pencai at your chap go mei meal tonight, look forward...
PUBLISHED Mar 2, 2018 05:50 AM

Kafka Reinterpreted

One of literature's towering figures, Franz Kafka wrote surreal stories of terror...
PUBLISHED Mar 2, 2018 05:50 AM

Lo-Hei Legend

TODAY IS THE LAST DAY of the Lunar New Year, and masterchef Sin Leong is finally able to...
PUBLISHED Mar 2, 2018 05:50 AM

A date with design

If you live in Holland Village or Tanjong Pagar, don't be alarmed at the sudden...
PUBLISHED Mar 2, 2018 05:50 AM

Exploring colonial legacy

WALK INTO ONE GORGEOUS Emerald Hill conservation house and you'll find yourself...
PUBLISHED Mar 2, 2018 05:50 AM

It's Now or Never

For two years beginning in 1958, Elvis Presley didn't record a single note because...
PUBLISHED Mar 2, 2018 05:50 AM

Game Master

The bosses of the Olympic Games must have valued Omega a lot as a timekeeper to keep it...
PUBLISHED Mar 2, 2018 05:50 AM

Sneak Peek

BaselWorld 2018, which opens its doors in a month's time in Switzerland's third...
PUBLISHED Mar 2, 2018 05:50 AM

Time in Tomamu

PACKING FOR A TRIP TO the ski slopes of Tomamu in Hokkaido is an exercise in contrasts...
PUBLISHED Mar 2, 2018 05:50 AM

Seletar salute

Lee Xin Li is an illustrator working at DP Architects. He began illustrating in 2013,...
PUBLISHED Mar 2, 2018 05:50 AM

BREAKING NEWS

Sep 22, 2018 02:32 PM

Iran will defeat Trump just like it did Saddam, won't abandon missiles: Rouhani

[DUBAI] US President Donald Trump will fail in his confrontation with Iran, just like Iraq's Saddam Hussein,...
Sep 22, 2018 02:17 PM

Hong Kong property developers sell low on rate hike, more supply

[HONG KONG] Property developers are cutting prices in Hong Kong to lure buyers amid the increasing downside risks in...
Sep 22, 2018 02:04 PM

ECB heads for peak liquidity as Euro-area stimulus tools top out

[FRANKFURT] The euro zone's era of massive excess liquidity, courtesy of the European Central Bank, is about to...
Sep 22, 2018 12:48 PM

Trade war spurs soy merry-go-round as China turns to Argentina

[CHICAGO] President Donald Trump's trade war with China is turning the global soybean market into a merry-go-round...
Sep 22, 2018 12:20 PM

China cancels trade talks with US as tariff threats escalate: WSJ

[SHANGHAI] China has cancelled upcoming trade talks with the United States and will not send vice-premier Liu He to...
Sep 22, 2018 11:44 AM

Comcast and Fox take US$34b battle for Britain's Sky to the wire

[LONDON] Comcast and Twenty-First Century Fox face a quick-fire auction for British broadcaster Sky on Saturday after...
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