Wednesday, May 16, 2018

TOP STORIES

Number of private homes sold by developers up only a tad in April

CONTRARY to earlier market expectations, the number of private homes sold by developers...
PUBLISHED May 16, 2018 05:50 AM
PRESIDENT'S ADDRESS DEBATE

Social stratification is starting to become entrenched: Ye Kung

THOUGH Singapore's progress has created new problems and inequalities, universal...
PUBLISHED May 16, 2018 05:50 AM

China's April output grows; investment, domestic demand soften

CHINA'S industrial output grew faster than expected in April while both growth of...
PUBLISHED May 16, 2018 05:50 AM

SIA Engg board chairman to retire

NON-EXECUTIVE chairman of SIA Engineering Company (SIAEC)'s board Stephen Lee Ching...
PUBLISHED May 16, 2018 05:50 AM

SMEs seeing productivity gains after tech, innovation push

SMALL and medium-sized enterprises (SMEs) are stepping up their investments in innovation...
PUBLISHED May 16, 2018 05:50 AM

Saxo Bank unfazed by fintech shake-up as it thrives on tech

TRADERS in trading jackets frantically gesturing and yelling to one another while...
PUBLISHED May 16, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

SIA could surprise with stronger-than-expected results

SINGAPORE Airlines (SIA) could surprise on the upside this week when it unveils its...
PUBLISHED May 16, 2018 05:50 AM

Noble's red streak continues in Q1

CONSTRAINTS on liquidity and availability of trade finance continued to dampen Noble...
PUBLISHED May 16, 2018 05:50 AM

DBS banking on platforms instead of pipelines

DBS's latest investment in retail marketplace Carousell comes as banking can no...
PUBLISHED May 16, 2018 05:50 AM

SIAEC posts higher Q4 profit on divestment gain

SIA Engineering Company (SIAEC) reported a net profit of S$55 million for the fourth...
PUBLISHED May 16, 2018 05:50 AM

Golden Agri-Resources Q1 net profit down 68%

MAINBOARD-LISTED agri-business Golden Agri-Resources on Tuesday posted a 68 per cent fall...
PUBLISHED May 16, 2018 05:50 AM

Koh Brothers Group net profit up 13% to S$1.2m; order book hits record

KOH Brothers Group is tendering for large-scale infrastructure projects here such as the...
PUBLISHED May 16, 2018 05:50 AM

Sias urges Vard directors to say how they are independent

THE Securities Investors Association (Singapore) or Sias has asked the directors of Vard...
PUBLISHED May 16, 2018 05:50 AM

ThaiBev's Q2 profit down 3.2% at 6.34b baht

THAI Beverage's profit in its second fiscal quarter in 2018 fell by 3.2 per cent to...
PUBLISHED May 16, 2018 05:50 AM

Corporate digest

SINGAPORE Medical Group, a specialist practitioner focused on women's health and...
PUBLISHED May 16, 2018 05:50 AM
STOCKS

Singapore market slides, in line with region

SINGAPORE stocks continued to slide on Tuesday, with losses led by banks, telco Singtel...
PUBLISHED May 16, 2018 05:50 AM

Brokers' take

DUE to an inventory build-up of 37,000 tonnes of crude palm oil, First Resources' Q1...
PUBLISHED May 16, 2018 05:50 AM
CURRENCIES

Euro stuck near US$1.19 after weaker German growth

THE euro remained stuck near four-month lows on Tuesday after weaker-than-expected...
PUBLISHED May 16, 2018 05:50 AM

REAL ESTATE

70% of apartments released in New Futura Phase 2 sold

LUXURY condo New Futura has seen 21 of 30 units released over the weekend at its 60-unit...
PUBLISHED May 16, 2018 05:50 AM

Curbs on new pre-sales reduced in some Chinese cities

THE local authorities running several major Chinese cities have begun to ease...
PUBLISHED May 16, 2018 05:50 AM

BANKING & FINANCE

ANALYSIS

BOJ's Kuroda shifts into lower gear on stimulus policy

AS Haruhiko Kuroda walks away from his "shock and awe" stimulus in favour of...
PUBLISHED May 16, 2018 05:50 AM

Earnings at Allianz's asset management unit soar on increased inflows

ALLIANZ SE's asset management business saw earnings soar on the back of increased...
PUBLISHED May 16, 2018 05:50 AM

ENERGY & COMMODITIES

Gas giants swap roles as biggest buyer turns Aussie saviour

THE gas market is being flipped upside down. Australia, soon to become the world's...
PUBLISHED May 16, 2018 05:50 AM

Solar power can help save water in parched Middle East, North Africa: study

THIRSTY Middle Eastern and North African countries can tap their solar-energy potential...
PUBLISHED May 16, 2018 05:50 AM

Botswana President wants more jobs for Africans in new deal with De Beers

BOTSWANA's President, Mokgweetsi Masisi, wants a new long-term diamond-sales pact...
PUBLISHED May 16, 2018 05:50 AM

TECHNOLOGY

NEWS ANALYSIS

Hong Kong's US$10 billion deals offer punters an IPO for any mood

HONG Kong's IPO chasers are spoilt for choice. Fancy a glittering Chinese tech firm...
PUBLISHED May 16, 2018 05:50 AM

Apple supplier Foxconn's Q1 profit dives below estimates

A DIVE in quarterly profit at Taiwan's Foxconn to below analyst estimates saw shares...
PUBLISHED May 16, 2018 05:50 AM

Facebook suspends 200 apps over data misuse

FACEBOOK said on Monday it has suspended "around 200" apps on its platform as...
PUBLISHED May 16, 2018 05:50 AM

CONSUMER

China giants tackle tough Indonesian e-commerce

IN A warehouse on the outskirts of Indonesia's capital, supervisors at e-commerce...
PUBLISHED May 16, 2018 05:50 AM

Vodafone CEO to leave in October after a decade

VODAFONE Group plc chief executive officer Vittorio Colao is stepping down, announcing he...
PUBLISHED May 16, 2018 05:50 AM

TRANSPORT

STRAIT TALK

The clock is counting down to that 0.5% sulphur cap

TIME is fast running out for the International Maritime Organization (IMO) member states...
PUBLISHED May 16, 2018 05:50 AM

Malaysian regulator denies pressuring AirAsia to cancel flights

MALAYSIA'S aviation regulator on Tuesday denied having ordered AirAsia to cancel...
PUBLISHED May 16, 2018 05:50 AM

GOVERNMENT & ECONOMY

LATEST US DATA

Retail sales gain points to healthier Q2

US retail sales rose for a second month in April in broad fashion as bigger after-tax pay...
PUBLISHED May 16, 2018 05:50 AM

Zeti to announce Malaysia's GST strategy in 100 days

ZETI Akhthar Aziz, a senior adviser to the Malaysian government, said on Tuesday that a...
PUBLISHED May 16, 2018 05:50 AM

BI could raise key rate on Thursday to defend rupiah

INDONESIA'S Central bank will raise its key interest rate on Thursday to support the...
PUBLISHED May 16, 2018 05:50 AM

LIFE & CULTURE

Margot Kidder, of Lois Lane fame, dies at 69

MARGOT Kidder, who with a raspy voice and snappy delivery brought Lois Lane to life in...
PUBLISHED May 16, 2018 05:50 AM

New 'culinary Oscars' ties up with Singapore

A NEW televised awards show, titled The World Restaurant Awards, has made Singapore its...
PUBLISHED May 16, 2018 05:50 AM

Modigliani sells for US$157.2m in New York

A STUNNING nude that is the largest painting produced by Italian artist Amedeo Modigliani...
PUBLISHED May 16, 2018 05:50 AM

EXECUTIVE MONEY

Global markets have come down; what's cheap to buy and where?

GLOBAL stockmarkets have just suffered their first quarterly decline in two years. All...
PUBLISHED May 16, 2018 05:50 AM

US bond market may be signalling negative growth

AS A candidate, President Donald Trump said he would increase US economic growth to 4 per...
PUBLISHED May 16, 2018 05:50 AM

OPINION

EDITORIAL

A post-Korea summit poser: Will US remain in East Asia?

North Korea last week released three American citizens whom it was holding, removing the...
PUBLISHED May 16, 2018 05:50 AM

User Experience: Much sought-after X factor

INCREASED ownership of personal mobile devices and unfettered Internet access has given...
PUBLISHED May 16, 2018 05:50 AM
THE BOTTOM LINE

A possible contagion is why Argentina matters

THE world is not ready for another financial crisis, but another financial crisis may be...
PUBLISHED May 16, 2018 05:50 AM

What Walmart-Flipkart deal could mean for e-commerce in India

THE world witnessed its biggest e-commerce deal when the American retail giant, Walmart,...
PUBLISHED May 16, 2018 05:50 AM
COMMENTARY

On track towards the next crypto regulatory frontier

A RECENT G-20 summit acknowledged the blockchain as an innovation that will likely...
PUBLISHED May 16, 2018 05:50 AM
COMMENTARY

US needs to say 'no' to high drug prices

LAST week we learnt that Novartis, the Swiss drug company, had paid Michael Cohen - US...
PUBLISHED May 16, 2018 05:50 AM

BREAKING NEWS

Jul 20, 2018 02:51 PM

South Korea's Park given eight more years in prison: court

[SEOUL] Disgraced South Korean president Park Geun-hye was convicted of charges including illegally receiving funds...
Jul 20, 2018 02:16 PM

Tokyo: Stocks close lower on higher yen, trade worries

[TOKYO] Tokyo stocks closed lower on Friday on a higher yen, with investors cautious ahead of the beginning of Japan...
Jul 20, 2018 01:37 PM

UK stock market isn't paying attention to Brexit chatter

[LONDON] Almost daily, ministerial spats, intra-party broils and corporate objections to government fill UK newspapers...
Jul 20, 2018 01:25 PM

Malaysia cuts 2018 growth projection to 5% as it braces for trade war fallout

[KUALA LUMPUR] Malaysian Finance Minister Lim Guan Eng pared back expectations for economic growth for this year to...
Jul 20, 2018 01:16 PM

Singapore stocks: STI resumes Friday afternoon at 3,291.13, up 0.4% on day

SINGAPORE stocks rose on Friday afternoon's trading resumption, with the Straits Times Index climbing 13.55 points...
Jul 20, 2018 01:12 PM

Foreland Fabrictech's independent directors quit, leaving behind a one-man board

BELEAGUERED Chinese textile maker Foreland Fabrictech Holdings has lost all of its independent directors, with only...
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