Wednesday, Apr 25, 2018

TOP STORIES

CABINET RESHUFFLE

Business community welcomes steady hands at finance, trade, manpower ministries

STEADY hands at the helm - that's how business observers described the major Cabinet...
PUBLISHED Apr 25, 2018 05:50 AM

IHH revises Fortis bid with binding proposal

IN a move that marks IHH Healthcare's firepower and conviction to wrest control of...
PUBLISHED Apr 25, 2018 05:50 AM
SINGAPORE MARITIME WEEK

PSA, CrimsonLogic unit in tie-up to build global supply chain platform

PSA International has teamed up with a unit of CrimsonLogic to develop a global common...
PUBLISHED Apr 25, 2018 05:50 AM

Agreements inked to set up links between Singapore and German firms

SINGAPORE'S manufacturing sector is about to get a shot in the arm, as opportunities...
PUBLISHED Apr 25, 2018 05:50 AM

Initiatives launched to help local F&B firms innovate and take wing overseas

SEVERAL initiatives to help local food manufacturers innovate and expand overseas were...
PUBLISHED Apr 25, 2018 05:50 AM
CABINET RESHUFFLE

New political appointments for four backbenchers

FOUR backbenchers from the private sector will take on office-holder positions in what is...
PUBLISHED Apr 25, 2018 05:50 AM

Singapore to host Asean Summit this week; Vietnam PM to make official visit

REGIONAL leaders will gather in Singapore from Wednesday until Saturday for the 32nd...
PUBLISHED Apr 25, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Could a Singapore heritage shophouse Reit take off?

THE value of shophouse transactions year to date has crossed the S$500 million mark, and...
PUBLISHED Apr 25, 2018 05:50 AM

Make nine-year cap mandatory for independent directors: Sias

THE proposed nine-year threshold for independent directors (IDs) should be set as a hard...
PUBLISHED Apr 25, 2018 05:50 AM

SGX RegCo says it wants to facilitate 'open dialogue' between Noble and Goldilocks

IN A significant move, Singapore Exchange (SGX) wants to facilitate an "open...
PUBLISHED Apr 25, 2018 05:50 AM

Astra's Q1 profit falls 2% amid lower car sales

INDONESIAN conglomerate PT Astra International Tbk posted a 2 per cent decline in first-...
PUBLISHED Apr 25, 2018 05:50 AM

Corporate digest

THE investment holding company, which provides ship repair, fabrication and other marine...
PUBLISHED Apr 25, 2018 05:50 AM

Summit Power defers planned US$260m Singapore IPO

SUMMIT Power International has deferred its planned US$260 million Singapore Exchange IPO...
PUBLISHED Apr 25, 2018 05:50 AM

DeClout: Collateral, guarantee, change of control terms for S$10m loan not unusual

CATALIST-listed tech firm DeClout on Tuesday said that a S$10 million two-year loan it...
PUBLISHED Apr 25, 2018 05:50 AM

CapitaLand Commercial Trust Q1 DPU down 11.7%

CAPITALAND Commercial Trust (CCT) posted a lower distribution per unit (DPU) of 2.12...
PUBLISHED Apr 25, 2018 05:50 AM

MCT Q4 DPU up 0.01 cent, full-year DPU at 9.04 cents

DISTRIBUTION per unit (DPU) for Mapletree Commercial Trust in its fourth quarter ended...
PUBLISHED Apr 25, 2018 05:50 AM

Midas hit by two letters of demand totalling S$27m

BELEAGURED railway parts maker Midas Holdings has received two letters of demand in March...
PUBLISHED Apr 25, 2018 05:50 AM
STOCKS

Singapore bourse remains subdued

DESPITE the flurry of news items from various companies, Tuesday still saw a slow session...
PUBLISHED Apr 25, 2018 05:50 AM

Brokers' take

Portfolio occupancy and rents remained steady in the first quarter.
PUBLISHED Apr 25, 2018 05:50 AM
CURRENCIES

Euro licks wounds at 2-month low

THE euro nursed losses at a two-month low on Tuesday on growing concerns that firmer US...
PUBLISHED Apr 25, 2018 05:50 AM

REAL ESTATE

ESR-Reit acquires Tampines logistics facility for S$95.8m

ESR-REIT announced that it had on Monday entered into a conditional agreement with vendor...
PUBLISHED Apr 25, 2018 05:50 AM

Pei Fu building in S$76.25m collective sale

NEWLY-LISTED SLB Development announced on Tuesday that subsidiary Oxley Kyanite has...
PUBLISHED Apr 25, 2018 05:50 AM

Cromwell European Reit buying freehold office building in Italy

CROMWELL European Real Estate Investment Trust (Reit) is acquiring a freehold office...
PUBLISHED Apr 25, 2018 05:50 AM

JTC tenders 2 sites in Tuas, releases one site for sale application

JTC has put up for tender two industrial sites in Tuas and released another in the same...
PUBLISHED Apr 25, 2018 05:50 AM

BANKING & FINANCE

Deutsche Bank considering cuts to US cash equities business

DEUTSCHE Bank AG is considering extensive cuts to its cash equities business in the U.S...
PUBLISHED Apr 25, 2018 05:50 AM

NAB reviews advisory business as inquiry exposes misconduct

NATIONAL Australia Bank said on Tuesday it is reviewing options for its financial advice...
PUBLISHED Apr 25, 2018 05:50 AM

Santander Q1 profit up 10%, driven by strong Brazil market

BANCO Santander, the eurozone's biggest bank by market value, posted a better-than-...
PUBLISHED Apr 25, 2018 05:50 AM

Heat is on emerging market currencies with Indonesia stepping in

FROM Indonesia to India, central banks in emerging markets face rising pressure to prop...
PUBLISHED Apr 25, 2018 05:50 AM

ENERGY & COMMODITIES

China's petrol, diesel exports hit record in March

CHINA'S surging imports of crude oil this year are the major driver of higher prices...
PUBLISHED Apr 25, 2018 05:50 AM

Gold firms after 3-day slide as US dollar stabilises

GOLD firmed after three days of losses on Tuesday as the dollar stabilised off an earlier...
PUBLISHED Apr 25, 2018 05:50 AM

Trafigura's LNG head takes on new Asia role

COMMODITIES trader Trafigura has appointed its head of liquefied natural gas (LNG) as the...
PUBLISHED Apr 25, 2018 05:50 AM

China's steel futures hit 1.5-month peak on falling inventories

CHINA'S steel rebar futures extended gains on Tuesday to their highest in a month-...
PUBLISHED Apr 25, 2018 05:50 AM

Brent oil hits highest since late 2014 as supplies tighten amid strong demand

BRENT crude oil rose for a sixth day on Tuesday to hit its highest since November, 2014...
PUBLISHED Apr 25, 2018 05:50 AM

TECHNOLOGY

iPhone manufacturers' slowing sales are a bad omen for Apple

INVESTORS hunting for clues to the iPhone X's reception can take a deeper look at...
PUBLISHED Apr 25, 2018 05:50 AM

More Singapore women needed in top-paying jobs in high-growth industries: McKinsey

INCREASING female representation in top-paying jobs and high-growth industries could add...
PUBLISHED Apr 25, 2018 05:50 AM

SAP raises full-year forecasts after 33% jump in Q1 profit

GERMAN business software maker SAP lifted its full-year forecasts on Tuesday, as it...
PUBLISHED Apr 25, 2018 05:50 AM

'Maker movement' changing China's tech copycat reputation

ENGINEERS, computer programmers and children tinker with self-made radio-controlled toy...
PUBLISHED Apr 25, 2018 05:50 AM

CONSUMER

AstraZeneca flop deals blow to promising cancer treatment

THE concept of combining two immunotherapy drugs to fight lung cancer - not so long ago...
PUBLISHED Apr 25, 2018 05:50 AM
VIEWPOINT

France's gifted youth are set up to fail

IN THE 21st century, a country's gifted children are arguably a more valuable...
PUBLISHED Apr 25, 2018 05:50 AM

US$35 movie tickets could become the norm in Saudi Arabia

IF YOU think US$20 is a lot for a movie, spare a thought for film fans in Saudi Arabia,...
PUBLISHED Apr 25, 2018 05:50 AM

Longer-acting Botox maker says demand is seeing a spike

PATIENTS are already clamouring for "the longer-acting Botox", a not-yet...
PUBLISHED Apr 25, 2018 05:50 AM

TRANSPORT

STRAIT TALK

Shipping steers a tentative carbon-free course

DESPITE considerable obstacles, the International Maritime Organization (IMO) earlier...
PUBLISHED Apr 25, 2018 05:50 AM

Volvo Q1 results beat expectations on strong demand

LORRY maker Volvo beat first-quarter expectations with strong demand for lorries and...
PUBLISHED Apr 25, 2018 05:50 AM

Rolls-Royce, Aero in talks on engines for wide-body aircraft

ROLLS-ROYCE Holdings plc is in talks with Aero Engine Corporation of China on a possible...
PUBLISHED Apr 25, 2018 05:50 AM

Flying taxi start-up hires designer behind modern Mini and Fiat 500

LILIUM, a German start-up with Silicon Valley-scale ambitions to put electric "...
PUBLISHED Apr 25, 2018 05:50 AM

GOVERNMENT & ECONOMY

Some small firms want Trump to add more tariffs on China

PROMINENT US business lobbies are begging the Donald Trump administration not to impose...
PUBLISHED Apr 25, 2018 05:50 AM
LATEST US DATA

Consumer confidence rises to second-highest level since 2000

US consumer confidence unexpectedly rose in April to the second-highest level since 2000...
PUBLISHED Apr 25, 2018 05:50 AM

Wan Azizah dismisses speculation of rift in PKR

ONE of Malaysia's leading opposition leaders Wan Azizah Wan Ismail has denied that...
PUBLISHED Apr 25, 2018 05:50 AM

China concerned trade and debt risks could hit economic growth: economists

CHINA'S leaders are signalling concern that growth in the world's second-...
PUBLISHED Apr 25, 2018 05:50 AM

Trump calls Iran deal 'a disaster'

US President Donald Trump pilloried the Iran nuclear deal as "a disaster" and...
PUBLISHED Apr 25, 2018 05:50 AM

LIFE & CULTURE

TAKING HEART

Walking the talk in support of autism

"SPORT is an activity that draws people together. It is fun, helps to break the ice...
PUBLISHED Apr 25, 2018 05:50 AM

Rider and horse are tested to their limits in show-jumping courses

SHOW-jumping tests the abilities of two athletes: the rider and the horse. To the...
PUBLISHED Apr 25, 2018 05:50 AM

EXECUTIVE MONEY

Sustainable investments set to gain more traction at UBS

SUSTAINABLE investments are shaping up as the next big thing for UBS clients. It is a...
PUBLISHED Apr 25, 2018 05:50 AM

Private equity's dry powder challenge

IT'S hard to view the unprecedented flow of capital into private equity funds over...
PUBLISHED Apr 25, 2018 05:50 AM

VCs seek 'safe harbour' for virtual currencies

VENTURE capitalists and entrepreneurs have been lobbying federal regulators to protect at...
PUBLISHED Apr 25, 2018 05:50 AM

OPINION

Beware the politics of deficits and trade

GROWING US fiscal deficits could not only accelerate the pace of interest rate hikes, but...
PUBLISHED Apr 25, 2018 05:50 AM
THE BOTTOM LINE

Time for Brexit talks to get serious

BRITAIN leaving the European Union continues to be a saga, mainly due to the egos of the...
PUBLISHED Apr 25, 2018 05:50 AM
EDITORIAL

Investors should focus on capital preservation

IN the years from the end of 2008's US sub-prime crisis up to February 2018, US...
PUBLISHED Apr 25, 2018 05:50 AM

Innovation is propelling Asia's food industry

WITH Asia being home to over two-thirds of the world's population and some of the...
PUBLISHED Apr 25, 2018 05:50 AM

Identity politics comes to the fore in Malaysia

MALAYSIA'S 14th General Election next month will attest to the longevity of...
PUBLISHED Apr 25, 2018 05:50 AM

50 years on, Asean gears up for new challenges

FINANCE ministers of the Association of Southeast Asian Nations have just concluded their...
PUBLISHED Apr 25, 2018 05:50 AM
LETTER TO THE EDITOR

DeClout's group CEO setting the record straight

WE refer to the letter "More questions over DeClout's deployment of loan...
PUBLISHED Apr 25, 2018 05:50 AM

BREAKING NEWS

May 28, 2018 07:13 AM

Bombardier to build two new luxury aircraft amid growing demand

[MONTREAL] Bombardier Inc. will build two new private planes in response to growing demand for large-cabin business...
May 28, 2018 07:10 AM

The airline geek trying to build a media giant with no reporters

[TOKYO] On Feb 13 last year, the half-brother of North Korean dictator Kim Jong Un was killed in an airport in Malaysia...
May 28, 2018 06:57 AM

German carmakers morally obliged to refit dirty diesels: minister

[BERLIN] German carmakers have a moral obligation to refit heavily polluting diesel vehicles on the country's...
May 28, 2018 06:55 AM

Australia orders recall of further 1.1 million cars fitted with Takata air bags

[SYDNEY] Australia on Monday increased the size of its biggest compulsory product recall as it said an additional 1.1...
May 28, 2018 06:51 AM

'Solo: A Star Wars Story' struggles to take off in opening weekend

[LOS ANGELES] "Solo: A Star Wars Story," the latest prequel in the hugely popular film franchise, struggled...
May 28, 2018 06:46 AM

US ex-president George H. W. Bush hospitalised again

[WASHINGTON] A little more than three weeks after he was released from hospital, former US president George H. W. Bush...
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