Thursday, May 10, 2018

TOP STORIES

BT EXCLUSIVE

SGX says Vard exit offer remains conditional while it reviews EGM

SINGAPORE Exchange (SGX) on Wednesday stepped in to clear the confusion that has been...
PUBLISHED May 10, 2018 05:50 AM
MALAYSIA GENERAL ELECTION

Mahathir-led opposition declares victory

MALAYSIA'S Opposition Pakatan Harapan (PH) on Wednesday night said it has won enough...
PUBLISHED May 10, 2018 05:50 AM

Motherhood redefined, this Weekend

IT'S Mother's Day weekend and if you're a harried professional woman still...
PUBLISHED May 10, 2018 05:50 AM

O&G equities up as oil jumps on Trump's ditching of Iran nuclear deal

MOST oil and gas (O&G)-related stocks advanced on Wednesday as oil prices shot up to...
PUBLISHED May 10, 2018 05:50 AM

Mindset shift needed as Singapore's economic strategy evolves: Ong Ye Kung

SINGAPORE'S growth strategy has traditionally been geared towards attracting foreign...
PUBLISHED May 10, 2018 05:50 AM

Singapore, Brazil ink avoidance of double taxation pact

SINGAPORE and Brazil have signed a comprehensive bilateral Avoidance of Double Taxation...
PUBLISHED May 10, 2018 05:50 AM

A united front on North Korea and trade, but sticking points remain

THE leaders of Japan, China and South Korea may have put on a united front on North Korea...
PUBLISHED May 10, 2018 05:50 AM

Electronics SMEs urged to embrace South-east Asia as their growth driver

WILL big global firms want to set up shop - as DBS senior economist Irvin Seah put it -...
PUBLISHED May 10, 2018 05:50 AM

AIA offers medical case management service

A DIAGNOSIS of a serious medical condition is bound to cause dismay.
PUBLISHED May 10, 2018 05:50 AM
ADDENDA TO PRESIDENT'S ADDRESS

Singapore's public service to move from 'Whole-of-Government' to 'Whole-of-Nation'

THE nation's public service agencies will go beyond a "Whole-of-Government...
PUBLISHED May 10, 2018 05:50 AM

Digital Readiness Blueprint to ensure no one is left behind in Smart Nation plans

SINGAPORE will be launching a Digital Readiness Blueprint spelling out how it intends to...
PUBLISHED May 10, 2018 05:50 AM
OPINION

The international payment system is broken - and it's time Singapore picks a new one

FINANCIAL data is one of the most valuable assets in this digital age. Tell me who you...
PUBLISHED May 10, 2018 05:50 AM

IMF not overly worried about forex pressure in Jakarta, Manila

THE International Monetary Fund is not too worried about recent selling pressure on...
PUBLISHED May 10, 2018 05:50 AM

COE prices mostly higher in latest bidding

CERTIFICATE of entitlement (COE) premiums closed mostly higher in the latest round of...
PUBLISHED May 10, 2018 05:50 AM

STOCKS

STOCKS

STI up 0.15% as edgy investors eye risks

REGIONAL traders barely had time to digest Washington's overnight exit from the Iran...
PUBLISHED May 10, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Local banks' good times - and dividend payouts

YOU would think bank shareholders would have been happy with the sparkling results for...
PUBLISHED May 10, 2018 05:50 AM

CSE Global's Q1 net profit jumps 90%

CSE Global has posted a first quarter net profit of S$5.7 million, up 90 per cent from S$...
PUBLISHED May 10, 2018 05:50 AM

Hyflux's loss widens as Tuaspring's woes drag on

WEIGHED down by the loss-making desalination and power plant Tuaspring, water treatment...
PUBLISHED May 10, 2018 05:50 AM

Foreland Fabrictech may have lost control of subsidiary: directors

FORELAND Fabrictech Holdings may have lost control over its wholly owned unit, Fulian...
PUBLISHED May 10, 2018 05:50 AM

SGX volumes down despite rising prices, latest numbers show

STOCK prices may be up on the Singapore Exchange (SGX), but actual trading volumes have...
PUBLISHED May 10, 2018 05:50 AM

UOB partners Santander UK to support clients

UNITED Overseas Bank and Santander UK have teamed up to help companies that intend to...
PUBLISHED May 10, 2018 05:50 AM

SembMarine set to deliver Singapore's first newbuild FSO next month

THE first newbuild floating storage vessel (FSO) to be delivered from Singapore is due to...
PUBLISHED May 10, 2018 05:50 AM

China Aviation Oil posts 14% rise in Q1 profit

JET fuel trader China Aviation Oil (Singapore) Corporation (CAO) posted a 13.9 per cent...
PUBLISHED May 10, 2018 05:50 AM

Centurion Q1 profit falls 15% on expiry of facility lease

CENTURION Corp posted a 15 per cent fall in its first quarter profit to S$9.13 million,...
PUBLISHED May 10, 2018 05:50 AM

Corporate digest

EZION Holdings expects to post a net loss for the first quarter of 2018 due to "...
PUBLISHED May 10, 2018 05:50 AM

Brokers' take

Frasers Logistics & Industrial Trust's second-quarter results came in within our...
PUBLISHED May 10, 2018 05:50 AM
CURRENCIES

Euro bounces off 2018 low as US dollar pauses

The single currency did recover some of its losses in European trading but traders and...
PUBLISHED May 10, 2018 05:50 AM

REAL ESTATE

Condo rents fall 0.9% in April; HDB rents rise 0.4%

RENTS of non-landed private homes in Singapore fell by 0.9 per cent in April 2018 over...
PUBLISHED May 10, 2018 05:50 AM

Twenty-two apartments at former AA Centre seeking up to S$90 million

SOME 22 private apartments in 336 River Valley Road, previously known as AA Centre, have...
PUBLISHED May 10, 2018 05:50 AM

GIC, Canadian pension fund buy Seoul office building for 418b won

GIC and the Canada Pension Plan Investment Board (CPPIB) on Wednesday said they have...
PUBLISHED May 10, 2018 05:50 AM

Oxley to redevelop Dublin city centre site

MAINBOARD-LISTED developer Oxley Holdings will develop mixed-use properties on a 1.96...
PUBLISHED May 10, 2018 05:50 AM

Plaza Hotel's US$600m deal may go ahead with new buyers

ASHKENAZY Acquisition Corp and Saudi Prince Alwaleed bin Talal's Kingdom Holding...
PUBLISHED May 10, 2018 05:50 AM

Stockholm, Vancouver see huge plunges in luxury property prices

THE party's over for now for those sitting on Vancouver's most expensive...
PUBLISHED May 10, 2018 05:50 AM
COMMENTARY

HK Skycity mall deal fuels economic hub dreams

HONG Kong real estate investor New World Development will pump in US$2.5 billion to build...
PUBLISHED May 10, 2018 05:50 AM

BANKING & FINANCE

CBA caves to watchdog in rate-rigging case

AUSTRALIA'S biggest bank on Wednesday admitted to "unconscionable"...
PUBLISHED May 10, 2018 05:50 AM

Aussie, Kiwi dollars bashed as US$ surge roils markets

THE Australian and New Zealand dollars hit fresh multi-month lows on Wednesday as the...
PUBLISHED May 10, 2018 05:50 AM

Investment Management Association of Singapore names new chief

THE Investment Management Association of Singapore (IMAS) on Wednesday announced the...
PUBLISHED May 10, 2018 05:50 AM

ENERGY & COMMODITIES

Forget Iran, the real oil action is in China

FORGET Iran, shale and Opec. The real action in the oil market is happening on the other...
PUBLISHED May 10, 2018 05:50 AM

TECHNOLOGY

Facebook undergoes major management overhaul

FACEBOOK on Tuesday confirmed an unprecedented management team shakeup in the aftermath...
PUBLISHED May 10, 2018 05:50 AM

Google pitches artificial intelligence to help unplug people from smartphones

GOOGLE on Tuesday unveiled an artificial intelligence tool capable of handling routine...
PUBLISHED May 10, 2018 05:50 AM

Put a value on Xiaomi, then subtract some

WHATEVER you think Xiaomi Corp might be worth, it's probably less...
PUBLISHED May 10, 2018 05:50 AM

CONSUMER

Nordstrom Rack says sorry to black customers of St Louis store

THE president of Nordstrom Rack flew to St Louis to apologise on Tuesday to three black...
PUBLISHED May 10, 2018 05:50 AM

China ramps up checks on US pork imports

CHINA has ramped up inspections of pork shipped from the United States, importers and...
PUBLISHED May 10, 2018 05:50 AM

Uniqlo targets 1.2b customers with first store in India

FAST Retailing Co, owner of the Uniqlo casual wear brand, will open its first store in...
PUBLISHED May 10, 2018 05:50 AM

AB InBev profit gains on beer demand from Europe and China

THE world's largest brewer is ramping up its spending on marketing initiatives ahead...
PUBLISHED May 10, 2018 05:50 AM

TRANSPORT

7th MRT line, Jurong Region Line, to open from 2026

THE Jurong Region Line (JRL), which will serve residents in Choa Chu Kang, Boon Lay and...
PUBLISHED May 10, 2018 05:50 AM

Toyota's upbeat profit forecast, stock buyback lift shares to highest level in three months

TOYOTA Motor Corp shares jumped the most in more than seven months after the carmaker...
PUBLISHED May 10, 2018 05:50 AM

Emirates 2017 profit more than doubles on currency boost, fewer staff

EMIRATES airline on Wednesday reported a sharp increase in profits for 2017 as a...
PUBLISHED May 10, 2018 05:50 AM

Dutch eye Air France woes, fearing headwinds for KLM

DUTCH politicians and unions are watching the unfolding crisis at Air France with...
PUBLISHED May 10, 2018 05:50 AM

Uber shows off its vision of the future of transportation - the flying taxi

IT'S not a bird, nor a plane. But Uber's new prototype vehicle unveiled on...
PUBLISHED May 10, 2018 05:50 AM

GOVERNMENT & ECONOMY

LATEST US DATA

Producer prices up slightly after recent solid gains

US PRODUCER prices barely rose in April after strong gains in the first quarter, held...
PUBLISHED May 10, 2018 05:50 AM

Three US detainees freed in North Korea heading home

US President Donald Trump declared a diplomatic victory on Wednesday by announcing that...
PUBLISHED May 10, 2018 05:50 AM

Fed returns to centre stage for Asia as US yields near 3%

THE decoupling thesis - that Asia is now more immune from what goes on at the Federal...
PUBLISHED May 10, 2018 05:50 AM

Japan real wages rise in positive sign for consumption

JAPANESE workers' inflation-adjusted real wages rose for the first time in four...
PUBLISHED May 10, 2018 05:50 AM

LIFE & CULTURE

TAKING HEART

Dishing out second chances

HCSA Academy Culinary Training Centre, the latest programme by HCSA Community Services (...
PUBLISHED May 10, 2018 05:50 AM

The pluses of scooter sharing

EARLIER this year, Santa Monica-based startup Bird rolled out an app-based fleet of...
PUBLISHED May 10, 2018 05:50 AM

Why you should make art fairs part of your next vacation

WHETHER it's Zonamaco in Mexico City, the Armory Show in New York City or Art Basel...
PUBLISHED May 10, 2018 05:50 AM

No longer a favourite, Woods is just thankful to be on Players turf

TIGER Woods is not among the favourites for this week's Players Championship, no...
PUBLISHED May 10, 2018 05:50 AM

OPINION

EDITORIAL

US has duty to enforce Iran nuclear deal, not derail it

RARELY does a day pass by without some form of controversy emanating from the White House...
PUBLISHED May 10, 2018 05:50 AM

Asean's active role in the greening of growth

SUSTAINABILITY issues are still often seen as long-term concerns, rather than requiring...
PUBLISHED May 10, 2018 05:50 AM
THE BOTTOM LINE

How Europe should respond to Trump's steel tariffs

THE last-minute decision by US President Donald Trump's administration to delay...
PUBLISHED May 10, 2018 05:50 AM

China's foreign policy principles under stress

AS China's power and economic strength have grown, its practices in the outside...
PUBLISHED May 10, 2018 05:50 AM
COMMENTARY

Trump's decision to nix Iran deal adds to tensions

IN a landmark foreign policy decision, US President Donald Trump announced on Tuesday...
PUBLISHED May 10, 2018 05:50 AM
COMMENTARY

Singapore could lead the way in data protection

WHILE global businesses are increasingly reliant on rapid, unobstructed flows of data...
PUBLISHED May 10, 2018 05:50 AM

BREAKING NEWS

May 22, 2018 10:18 PM

Iran tells Europe to step up and save nuclear deal

[BEIRUT] Iran poured scorn on threatened US sanctions on Tuesday and told European powers to step up and salvage its...
May 22, 2018 09:42 PM

Samurai 2K Aerosol expects 'significantly higher' profit, revenue for FY2018

CATALIST-LISTED Samurai 2K Aerosol announced on Tuesday evening it expects "significantly higher" revenue and...
May 22, 2018 09:33 PM

Citic Envirotech CEO to step down, succeeded by exec chairman

ENVIRONMENTAL engineering company Citic Envirotech announced on Tuesday that chief executive Lin Yucheng will step down...
May 22, 2018 09:04 PM

YuuZoo's former chairman provides bond, gets passport back

FORMER YuuZoo chairman Thomas Zilliacus has provided a bond to report back to the Commercial Affairs Department (CAD)...
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