Tuesday, May 15, 2018

TOP STORIES

BT EXCLUSIVE

Sales, new orders in expansion mode for first time in over 6 years

BUSINESS conditions finally turned expansionary in the first quarter of the year, the...
PUBLISHED May 15, 2018 05:50 AM

Malaysian markets claw back early losses from election shock

BURSA Malaysia was back in business on Monday, with the extended trading break largely...
PUBLISHED May 15, 2018 05:50 AM

New guidelines to fight money laundering and financial crime in Singapore

TO LAUNDER money through round-tripping, a South Asian conglomerate used 10 subsidiaries...
PUBLISHED May 15, 2018 05:50 AM

Malaysia to review political representation in govt-linked funds

MALAYSIAN Prime Minister Mahathir Mohamad's new government will review political...
PUBLISHED May 15, 2018 05:50 AM

Singapore car marketplace Carro scores US$60m in Series B funding

CARRO, a Singapore-based car marketplace startup, has raised US$60 million in Series B...
PUBLISHED May 15, 2018 05:50 AM
ADDENDUM TO PRESIDENT'S ADDRESS

Singapore must venture out to achieve sustained, quality growth: Chun Sing

AS THE economy matures, Singapore must venture out instead of simply attracting...
PUBLISHED May 15, 2018 05:50 AM

Singapore, US chemicals PE firms setting up fund to scale up and boost deals

CHEMICALS-focused private equity firm Hafnium Hafaway, newly set up in Singapore late...
PUBLISHED May 15, 2018 05:50 AM

Brunei provides opportunities for Singapore firms: President Halimah

BESIDES government-to-government partnerships, the private sector in Singapore can also...
PUBLISHED May 15, 2018 05:50 AM
OPINION

Why Singapore summit may define Trump's foreign policy legacy

US Secretary of State Mike Pompeo asserted on Sunday that North Korean leader Kim Jong-un...
PUBLISHED May 15, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Will Oxley pull off its property launch blitz?

HAVING made a splash overseas by developing the Royal Wharf project in the UK at...
PUBLISHED May 15, 2018 05:50 AM

SGX, Tel-Aviv to pursue tech, healthcare firms for dual listings

SINGAPORE Exchange (SGX) and the Tel-Aviv Stock Exchange (TASE) are teaming up to get...
PUBLISHED May 15, 2018 05:50 AM

NetLink NBN Trust's maiden payout will be more than forecast

MISSED revenue forecasts plagued fibre operator NetLink NBN Trust in its first year of...
PUBLISHED May 15, 2018 05:50 AM

Sinarmas Land's Q1 profit falls 26.3% to S$28m

A REVENUE slide for Indonesian property developer Sinarmas Land in its first quarter...
PUBLISHED May 15, 2018 05:50 AM

Roxy-Pacific Q1 profit up 19% despite drop in revenue

PROPERTY and hospitality group Roxy-Pacific Holdings has posted on Monday a 19 per cent...
PUBLISHED May 15, 2018 05:50 AM

Changing hands

Tracking fund flows in the Singapore stock market
PUBLISHED May 15, 2018 05:50 AM

Olam Q1 profit up 10% at S$158m

COMMODITIES trader Olam International booked a fiscal first-quarter profit attributable...
PUBLISHED May 15, 2018 05:50 AM
NEWS ANALYSIS

mDR's ambitious plans must include weary and wary shareholders

MAINBOARD-listed mDR's massive rights issue will go "ex" on Friday,...
PUBLISHED May 15, 2018 05:50 AM

Thomson Medical incurs S$6.5m loss in first quarter

THOMSON Medical Group, formerly known as Rowsley before a recent injection of healthcare...
PUBLISHED May 15, 2018 05:50 AM

YuuZoo pushes for response from independent reviewer EY

YUUZOO Corporation is giving independent reviewer Ernst & Young Advisory (EY) a May...
PUBLISHED May 15, 2018 05:50 AM
STOCKS

STI bucks major regional markets

NO SOONER had one shock election result unnerved the market than another unexpected event...
PUBLISHED May 15, 2018 05:50 AM

Brokers' take

We maintain "neutral" with a higher target price of S$2.20, from S$1.98. The...
PUBLISHED May 15, 2018 05:50 AM
CURRENCIES

US dollar slides further as risk appetite returns

THE dollar headed for its fourth successive day of losses on Monday as broad risk...
PUBLISHED May 15, 2018 05:50 AM

HMI buys majority stake in StarMed Specialist Centre

HEALTH Management International (HMI) is buying a 62.5 per cent stake in StarMed...
PUBLISHED May 15, 2018 05:50 AM

Corporate digest

KRISENERGY has posted a first quarter loss after tax of US$18.19 million, compared to a...
PUBLISHED May 15, 2018 05:50 AM

REAL ESTATE

GIC teams up to launch rental apartment platform in China

GIC, Singapore's sovereign wealth fund, is partnering Nova, a Shanghai-based...
PUBLISHED May 15, 2018 05:50 AM

Goldhill Shopping Centre in Novena up for en bloc sale

NOVENA's Goldhill Shopping Centre has been launched for collective sale with a...
PUBLISHED May 15, 2018 05:50 AM

100 units booked at Coral Bay worth RM330m

GSH Corp has received bookings for 100 residential units worth more than RM330 million (S...
PUBLISHED May 15, 2018 05:50 AM
PUBLISHED May 15, 2018 05:50 AM

IWG shares jump more than 20% on prospect of three-way bidding war

IWG SHARES surged as much as 24 percent after the British serviced-offices provider...
PUBLISHED May 15, 2018 05:50 AM

Big UK construction firms' failings fuel forced labour: trade body

IGNORANCE and aggressive business models are fuelling modern slavery in Britain's...
PUBLISHED May 15, 2018 05:50 AM

France's AccorHotels strikes deal to buy Chile hotel group Atton

FRENCH group AccorHotels has agreed to buy the management company behind Chile's...
PUBLISHED May 15, 2018 05:50 AM

California laws keeping homes beyond reach of the average Joe

I HAPPENED to be in Santa Barbara, California, last week to give a speech, and at the...
PUBLISHED May 15, 2018 05:50 AM

BANKING & FINANCE

JPMorgan brings its heft to China

JPMORGAN Chase & Co is bringing its global heft to China. The New York-based bank on...
PUBLISHED May 15, 2018 05:50 AM

Australia bank probe could cut 8% of finance, real estate jobs: JPMorgan

AUSTRALIA'S banking probe could see job cuts in the finance and real estate sectors...
PUBLISHED May 15, 2018 05:50 AM

Night-owl retail investors dominate China's oil futures trade

As 9 pm approaches every weekday night in China, a small army of individual investors...
PUBLISHED May 15, 2018 05:50 AM

ENERGY & COMMODITIES

Sugar's largest-ever surplus means the bulls have disappeared

MORE than 500 sugar traders, growers, brokers, millers, exporters and fund managers...
PUBLISHED May 15, 2018 05:50 AM

Oil slips as Opec seen able to offset impact from Iran sanctions

OIL held losses below US$71 as the Organization of the Petroleum Exporting Countries (...
PUBLISHED May 15, 2018 05:50 AM

TECHNOLOGY

Why Trump is backing a banned company and Chinese jobs

US PRESIDENT Donald Trump's sudden concern over Chinese jobs may indicate a...
PUBLISHED May 15, 2018 05:50 AM

Xerox ends merger with Fujifilm in victory for shareholders

US photocopier and printer maker Xerox on Sunday announced it was terminating a merger...
PUBLISHED May 15, 2018 05:50 AM

Singapore transport management startup VersaFleet gets S$2.8m in funding

SINGAPORE transport management startup VersaFleet has raised S$2.8 million in pre-Series...
PUBLISHED May 15, 2018 05:50 AM

CONSUMER

Why traditional television is in trouble

TELEVISION networks will draw hordes of advertisers to New York City this week for their...
PUBLISHED May 15, 2018 05:50 AM

Italy not in the World Cup? No sweat, the game is still on for Panini stickers

AS WORLD Cup fever builds, the Panini sticker factory in Italy is working flat out to...
PUBLISHED May 15, 2018 05:50 AM

TRANSPORT

MRT commuters to get heads-up on carriage space

DOWNTOWN Line MRT commuters will soon have a better sense of which cabins of an oncoming...
PUBLISHED May 15, 2018 05:50 AM

Japan Airlines to set up budget carrier targeting Asian demand

JAPAN Airlines Co Ltd (JAL) is launching a low-cost carrier offering medium to long-haul...
PUBLISHED May 15, 2018 05:50 AM

China to ease 'one route, one airline' policy for Chinese carriers

CHINA will ease its near decade-old "one route, one airline" policy, the...
PUBLISHED May 15, 2018 05:50 AM

Airbus CFO to leave in 2019 along with CEO

AIRBUS SE chief financial officer Ha-rald Wilhelm plans to step down next year, leaving...
PUBLISHED May 15, 2018 05:50 AM

GOVERNMENT & ECONOMY

Europe steps up bid to salvage Iran accord ditched by Trump

EUROPEAN powers, alarmed by US President Donald Trump's withdrawal from the Iran...
PUBLISHED May 15, 2018 05:50 AM

Kuroda's stimulus saves Japan US$45b, easing debt pressures

HARUHI KO Kuroda's massive monetary stimulus has saved Japan's government about...
PUBLISHED May 15, 2018 05:50 AM

IMF urges Germany to cut current account surplus

THE International Monetary Fund on Monday stepped up pressure on Chancellor Angela Merkel...
PUBLISHED May 15, 2018 05:50 AM

LIFE & CULTURE

Royal Wedding has media in a lather, but Britons don't appear to bother

DRINKING pints in a traditional English pub in the genteel town of Eton under swathes of...
PUBLISHED May 15, 2018 05:50 AM

SME

Winning Asians in a fluid, multi-channel environment

WE MODERN Singaporeans are constantly juggling our career, family, social and health...
PUBLISHED May 15, 2018 05:50 AM

Towards open banking: what we can learn from the humble hawker stall

JUST as Singapore's small businesses have been called the heart of the country'...
PUBLISHED May 15, 2018 05:50 AM

OPINION

EDITORIAL

Looks like business as usual in Malaysia despite upcoming 'house-cleaning'

MALAYSIA's historic election outcome seems to have surprised many outside the...
PUBLISHED May 15, 2018 05:50 AM

Tackling persistent ebbs in infrastructure

BY ALL measures, the demand for infrastructure investment is huge. The Global...
PUBLISHED May 15, 2018 05:50 AM
THE BOTTOM LINE

China's messages: Worse than 'Orwellian nonsense'?

CHINA has reacted strongly to the White House for characterising its insistence that...
PUBLISHED May 15, 2018 05:50 AM

More can be done despite surge in SGX regulatory action

THE last two months have been particularly disturbing for minority shareholders in...
PUBLISHED May 15, 2018 05:50 AM
COMMENTARY

Left, right, forward march - globalisation needs a new social contract

FRENCH President Emmanuel Macron's state visit to the United States last month was a...
PUBLISHED May 15, 2018 05:50 AM
LETTER TO THE EDITOR

Vard offer: Not yet a victory for small shareholders

YOUR reporter Angela Tan has done an excellent job in covering the controversy over the...
PUBLISHED May 15, 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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