Friday, Mar 16, 2018

TOP STORIES

BT EXCLUSIVE

More luxe brands going for big time in resale

YET another big name in Swiss watches has jumped into the fast-growing resale market for...
PUBLISHED Mar 16, 2018 05:50 AM

Watch this space in BT Weekend

WHO needs a watch to tell time these days, when everyone has a smartphone in sight, right...
PUBLISHED Mar 16, 2018 05:50 AM

Asia-Pac private equity industry soars to new highs in 2017

THE private equity (PE) industry in the Asia-Pacific region put in a record showing in...
PUBLISHED Mar 16, 2018 05:50 AM

CNY lull, absence of launches cause 28% drop in Feb new home sales

SINGAPORE developers sold 377 private homes - excluding executive condominium (EC) units...
PUBLISHED Mar 16, 2018 05:50 AM

Regulators need to manage cryptocurrency risks without stifling innovation: MAS chief

HOW regulators manage crypto currency risks and not stifle innovation continues to be the...
PUBLISHED Mar 16, 2018 05:50 AM

Local employment improves; upward trend expected to continue: MOM

AS the Singapore economy picked up last year, the labour market also improved, with...
PUBLISHED Mar 16, 2018 05:50 AM

VP Bank to upgrade Singapore subsidiary to full branch

BOUTIQUE private bank, VP Bank, will upgrade its Singapore subsidiary to a full branch in...
PUBLISHED Mar 16, 2018 05:50 AM

Critical to promote free trade amid US moves that increase protectionist pressure: PM Lee

RECENT moves by the United States to protect domestic industries have raised the spectre...
PUBLISHED Mar 16, 2018 05:50 AM

Mandarin Gardens 'likely to draw joint ventures and foreign players'

WITH an eye-popping reserve price of S$2.45 billion and sprawling size of over one...
PUBLISHED Mar 16, 2018 05:50 AM

Pro-Trump TV pundit is president's new top economic adviser

CONSERVATIVE TV business news personality Larry Kudlow is generally a booster of US...
PUBLISHED Mar 16, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Education needed to make 'foreign Reits' more welcome in the local market

There is a prejudice institutional funds based in Singapore sometimes have towards...
PUBLISHED Mar 16, 2018 05:50 AM

Top Glove's Q2 profit up 31%; expects challenging environment

RUBBER glovemaker Top Glove Corporation on Thursday posted a 31 per cent increase in its...
PUBLISHED Mar 16, 2018 05:50 AM

Noble's improved terms for shareholders leave Goldilocks unimpressed

THE sweetened terms in Noble Group's restructuring plan cut no ice with a major...
PUBLISHED Mar 16, 2018 05:50 AM

Chip Eng Seng exits Tower Melbourne project with A$55m sale

CHIP Eng Seng Corporation is exiting from Australian redevelopment project Tower...
PUBLISHED Mar 16, 2018 05:50 AM

Datapulse back in the black with factory sale

THE sale of its manufacturing site in Tai Seng may have left mainboard-listed Datapulse...
PUBLISHED Mar 16, 2018 05:50 AM

S&P raises Yanlord Land's rating from 'BB-' to 'BB' on better financial position

S&P Global Ratings has raised its long-term corporate credit rating on China-based...
PUBLISHED Mar 16, 2018 05:50 AM

Corporate digest

BE With You, a South Korean film in which the film production company has invested about...
PUBLISHED Mar 16, 2018 05:50 AM

Lufthansa foresees fierce competition in 2018

DEUTSCHE Lufthansa cashed in on the collapse of national rival Air Berlin last year, but...
PUBLISHED Mar 16, 2018 05:50 AM

Unilever leaves London base for headquarters in Rotterdam

UNILEVER is consolidating its headquarters in the Netherlands, abandoning a separate...
PUBLISHED Mar 16, 2018 05:50 AM
STOCKS

STI falls 0.6% as trade worries persist

ANOTHER day, another soft lead from Wall Street overnight. That and a quiet data day saw...
PUBLISHED Mar 16, 2018 05:50 AM

Brokers' take

Three indicators point to more Sibor (Singapore Interbank Offered Rate) upside. The...
PUBLISHED Mar 16, 2018 05:50 AM
CURRENCIES

Dollar falls against yen on global trade tensions

THE dollar fell against the yen on Thursday as trade tensions encouraged investors to buy...
PUBLISHED Mar 16, 2018 05:50 AM

REAL ESTATE

Asian investors push global property to new high

INVESTORS from Asia powered global real estate investments to an all-time high in 2017,...
PUBLISHED Mar 16, 2018 05:50 AM

CDL to launch new Tampines condominium

DEVELOPER City Developments Limited (CDL) is launching a new condominium project in...
PUBLISHED Mar 16, 2018 05:50 AM

Surbana Jurong, Vanke to develop industrial new towns in China

TEMASEK-owned Surbana Jurong has inked a memorandum of understanding with Vanke...
PUBLISHED Mar 16, 2018 05:50 AM

Manhattan landlords race to fill apartments in declining market

APARTMENT rents are dropping in Manhattan, and so is the patience of landlords.
PUBLISHED Mar 16, 2018 05:50 AM

As US mortgage rates rise, refinancing falls to two-month low

A RISE in US mortgage rates to a more than four-year high reduced refinancing activity on...
PUBLISHED Mar 16, 2018 05:50 AM

BANKING & FINANCE

Political black swan looms over yen, Nikkei

THE scandal embroiling Japanese Prime Minister Shinzo Abe's administration may be...
PUBLISHED Mar 16, 2018 05:50 AM

Eurozone banks may get reprieve from bad-debt rules until 2021

EUROZONE banks may get a reprieve until 2021 to fully implement European Central Bank...
PUBLISHED Mar 16, 2018 05:50 AM

Toll-road company Atlantia in 18.2 billion euro deal for Spanish rival

GIOVANNI Castellucci, the chief executive officer of the Benetton family's toll-road...
PUBLISHED Mar 16, 2018 05:50 AM

ENERGY & COMMODITIES

S Korea's fuel oil imports soar as coal, nuclear plants shut

SOUTH Korea's move to shut coal-fired generators to control air pollution at the...
PUBLISHED Mar 16, 2018 05:50 AM

Nordic forestry industry at risk from deep thaw below Arctic Circle

THE forest floors below the Arctic Circle are usually frozen solid this time of year,...
PUBLISHED Mar 16, 2018 05:50 AM

Nippon Steel to buy Sweden's Ovako

NIPPON Steel & Sumitomo Metal Corp on Thursday said it will buy Sweden's Ovako...
PUBLISHED Mar 16, 2018 05:50 AM

Vitol targets South Asia's LNG boom with import projects in Pakistan, Bangladesh

VITOL is targeting South Asia's booming liquefied natural gas (LNG) markets to boost...
PUBLISHED Mar 16, 2018 05:50 AM

TECHNOLOGY

Millions join Prime for Amazon TV shows

AMAZON.COM'S top television shows drew more than 5 million people worldwide to its...
PUBLISHED Mar 16, 2018 05:50 AM

A tale of blood, fraud and money traces Theranos CEO's fall from grace

ELIZABETH HOLMES, a college dropout turned chief executive, built her upstart blood-...
PUBLISHED Mar 16, 2018 05:50 AM

CONSUMER

Toys 'R' Us to wind up all its stores in US

TOYS 'R' US said late on Wednesday that it will liquidate all its US stores,...
PUBLISHED Mar 16, 2018 05:50 AM

Case partners Carousell to better protect online buyers of used cars

THE Consumers Association of Singapore (Case) and Carousell are partnering to improve...
PUBLISHED Mar 16, 2018 05:50 AM

Top bottled water brands tainted with plastic particles: report

THE world's leading brands of bottled water are contaminated with tiny plastic...
PUBLISHED Mar 16, 2018 05:50 AM

Disney's strategy chief given task of saving TV

KEVIN MAYER, Walt Disney Co's longtime strategy chief, is moving from behind the...
PUBLISHED Mar 16, 2018 05:50 AM

TRANSPORT

Indian air force told to consider twin-engine jets

BOEING CO, considered the frontrunner in the race to supply the Indian navy with new...
PUBLISHED Mar 16, 2018 05:50 AM

International players waiting in the wings to carve out ailing Alitalia

AFTER a 71-year run, Italy's bankrupt Alitalia SpA may soon slide into the history...
PUBLISHED Mar 16, 2018 05:50 AM

Cathay Pacific shares rise on airfare outlook

CATHAY Pacific Airways expects that airfares will recover further this year after four...
PUBLISHED Mar 16, 2018 05:50 AM

Bali shuts down Internet, flights for Nyepi Day of Silence

INDONESIA'S bustling tourist island Bali is set to go quiet with Internet service...
PUBLISHED Mar 16, 2018 05:50 AM

GOVERNMENT & ECONOMY

Britain enters final Brexit talks with listless economy, high debt

THE UK is heading into the final stretch of the Brexit negotiations bogged down with the...
PUBLISHED Mar 16, 2018 05:50 AM

Saudi crown prince faces battle royal in wooing US investors to the kingdom

SAUDI Crown Prince Mohammed bin Salman arrives in the United States next week to kick off...
PUBLISHED Mar 16, 2018 05:50 AM

US hits Russians with sanctions over election meddling, cyber attacks

THE United State slapped sanctions on 19 Russian individuals and five groups, including...
PUBLISHED Mar 16, 2018 05:50 AM

Swiss parliament shoots down call to return 1MDB profits to Malaysia

SWITZERLAND'S parliament on Thursday rejected a bid to amend the law handling ill-...
PUBLISHED Mar 16, 2018 05:50 AM

LIFE & CULTURE

French museum goes MAD for identity

THE Musée des Arts Décoratifs has long had an identity crisis. It is in a 19th-century...
PUBLISHED Mar 16, 2018 05:50 AM

George Lucas breaks ground on US$1 billion story-telling museum

STAR Wars film-maker George Lucas broke ground on his new US$1 billion story-telling...
PUBLISHED Mar 16, 2018 05:50 AM

Making financial education fun for children

FORTY children from The Business Times Budding Artists Fund (BT BAF) put up a special...
PUBLISHED Mar 16, 2018 05:50 AM

OPINION

EDITORIAL

The US's creeping protectionism may curb appetite for dealmaking

For domestic corporations, executing an expansion strategy abroad - already a challenging...
PUBLISHED Mar 16, 2018 05:50 AM

Risks and rewards of fintech in Singapore

The term "fintech" has seen widespread use since the 2000s, but some of the...
PUBLISHED Mar 16, 2018 05:50 AM
THE BOTTOM LINE

UK looks forward to the Harry & Meghan Show

IT has been a bleak few days in the UK, with the "Beast From The East" - a...
PUBLISHED Mar 16, 2018 05:50 AM

Russia is winning the battle of Londongrad

SPEAKING in the House of Commons about the alleged use of a Russian-made military grade...
PUBLISHED Mar 16, 2018 05:50 AM
COMMENTARY

Myanmar needs urgent reforms as economy's in the woods

MYANMAR'S economy is still in the woods: The Aung San Suu Kyi-led government has...
PUBLISHED Mar 16, 2018 05:50 AM

Lifestyle

Watered-down dining by the river

LOCATION, location, location. On that point, Caffe Fernet has lucked out, with a vantage...
PUBLISHED Mar 16, 2018 05:50 AM

MillerCoors invents a generation for its beer

MILLERCOORS has invented a generation that's younger than millennials but old enough...
PUBLISHED Mar 16, 2018 05:50 AM

Full Revolution

BUYING A LUXURY WATCH IS no different from buying any big ticket item: you shop around to...
PUBLISHED Mar 16, 2018 05:50 AM

Ho Ren Yung

Sharp-eyed guests at Banyan Tree hotels and spa may notice something different about its...
PUBLISHED Mar 16, 2018 05:50 AM

Tea In A Capsule

Why should only coffee drinkers have fun with capsules? Local company Tea Finest launched...
PUBLISHED Mar 16, 2018 05:50 AM

Shop Till You Drop

The popular shopping event, Boutique Fairs Singapore, is back. This time, it's...
PUBLISHED Mar 16, 2018 05:50 AM

Hits For The Home

March is set to be a month of blockbusters on HOOQ, the video-on-demand joint venture...
PUBLISHED Mar 16, 2018 05:50 AM

Langkawi Legend

The stalwart luxury resort, The Datai Langkawi, is halfway through a mega US$60 million...
PUBLISHED Mar 16, 2018 05:50 AM

Decade Of Darkness

In 2006, The Observatory's Yuen Chee Wai and Norwegian experimental composer Lasse...
PUBLISHED Mar 16, 2018 05:50 AM

Myanmar In Pictures

One of Myanmar's leading young photographers Minzayar Oo has been documenting the...
PUBLISHED Mar 16, 2018 05:50 AM

Fish Show

In case you think Japanese chefs have the monopoly on live tuna-cutting demonstrations,...
PUBLISHED Mar 16, 2018 05:50 AM

Catnip For Cat Lovers

Nobuaki Takekawa, whose Singapore Biennale 2016 installation was one of the event's...
PUBLISHED Mar 16, 2018 05:50 AM

Restaurant revivals

PATRICK HEUBERGER HAS COME full circle.
PUBLISHED Mar 16, 2018 05:50 AM

Light art lights up Marina Bay

A sculptural heart pumping loudly in the city centre, chandeliers and cows made out of...
PUBLISHED Mar 16, 2018 05:50 AM

Harmony of opposites

When it came to the design of their home, social media entrepreneur Cheo Ming Shen and...
PUBLISHED Mar 16, 2018 05:50 AM

Laidback in Okinawa

THERE'S JAPAN, AND THEN THERE'S Okinawa. The people speak nihongo, but the...
PUBLISHED Mar 16, 2018 05:50 AM
PUBLISHED Mar 16, 2018 05:50 AM
SPECIAL FEATURE

Dream Job

WHEN YOU BUILD a career out of passion, it's an achievement that's truly...
PUBLISHED Mar 16, 2018 05:50 AM

A cultural affair

AS A MULTI-CULTURAL and racial community, Singapore has long worked hard to foster mutual...
PUBLISHED Mar 16, 2018 05:50 AM

BREAKING NEWS

May 28, 2018 11:59 AM

Mother of ‘nut rage’ Korean Air heiress questioned

[SEOUL] The scandal engulfing the Korean Air dynasty widened Monday as 69-year-old matriarch Lee Myung-hee faced police...
May 28, 2018 11:48 AM

MoMA sees a problem in a cafe’s name. The cafe sees none.

[NEW YORK] The Museum of Modern Art in New York, known as MoMA and founded in 1929, owns about 200,000 works of modern...
May 28, 2018 11:36 AM

Chinese battery firms join Responsible Cobalt Initiative

[BEIJING]Chinese battery maker Contemporary Amperex Technology Co Ltd (CATL) and battery recycler GEM Co Ltd have...
May 28, 2018 11:31 AM

Brazil cuts fuel prices after strike leaves food, fuel scarce

[RIO DE JANEIRO] Brazil's President Michel Temer, under pressure from a week-long national truckers' strike...
May 28, 2018 11:30 AM

Grab hungers to be Asean consumers' daily staple as it unveils food delivery service

RIDE hailing startup Grab on Monday unveiled a food delivery service as it served up a vision to become the "...
May 28, 2018 11:25 AM

China to host Iran to avoid project disruption amid nuclear deal doubt

[BEIJING] China will host Iranian President Hassan Rouhani next month at a regional summit aimed at avoiding disruption...
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