Thursday, May 17, 2018

TOP STORIES

Far East bags coveted Holland site for S$1.2b

A CONSORTIUM led by property giant Far East Organization, which has clinched a coveted...
PUBLISHED May 17, 2018 05:50 AM

Old trades, new trends, in the Weekend magazine

OLD trades are made new again, thanks to second-generation business owners who are taking...
PUBLISHED May 17, 2018 05:50 AM
PRESIDENT'S ADDRESS DEBATE

Moderate-growth forecast not cause for worry: PM

ALTHOUGH Singapore's growth has moderated from the highs of earlier decades, today...
PUBLISHED May 17, 2018 05:50 AM

PM Lee to meet Mahathir on Saturday

PRIME MINISTER Lee Hsien Loong said that "regardless of political cycles or election...
PUBLISHED May 17, 2018 05:50 AM

Data analytics and e-platforms changing the commodity sector

THE use of data analytics and electronic platforms is transforming the Singapore...
PUBLISHED May 17, 2018 05:50 AM

Malaysia's new govt scraps 6% consumption tax

MALAYSIA scrapped a 6 per cent rate on the goods and services tax (GST), fulfilling a...
PUBLISHED May 17, 2018 05:50 AM

CAD, MAS ready to extend further help on 1MDB transactions

SINGAPORE authorities are fully prepared to extend further assistance to their Malaysian...
PUBLISHED May 17, 2018 05:50 AM
COMMENTARY

Asean stands to gain from Belt and Road Initiative despite challenges

CHINA'S Belt and Road Initiative, or the BRI, is a potential game-changer that may...
PUBLISHED May 17, 2018 05:50 AM

More than 100 SMEs gain from group-based upgrading solutions

OVER 100 small and medium-sized enterprises (SMEs) have benefited from 22 group-based...
PUBLISHED May 17, 2018 05:50 AM

China spots problems with US cars, pork as trade talks get under way

CHINA said on Wednesday it had stepped up inspections of key US imports such as pork and...
PUBLISHED May 17, 2018 05:50 AM

COMPANIES & MARKETS

Keppel unit selling 5 rigs to Borr Drilling for US$745m

KEPPEL Offshore & Marine (Keppel O&M) has sealed a deal to sell five jack-up rigs...
PUBLISHED May 17, 2018 05:50 AM

Corporate digest

CATALIST-listed 3Cnergy has entered into a subscription agreement with Peter Lim-backed...
PUBLISHED May 17, 2018 05:50 AM
HOCK LOCK SIEW

Will CCT divest Twenty Anson?

OVER the past couple of years, CapitaLand Commercial Trust (CCT) has reconstituted its...
PUBLISHED May 17, 2018 05:50 AM

Venture, recent IPOs among stock changes in MSCI, FTSE indices

ELECTRONICS manufacturer Venture Corp has been added to two stock indices, and removed...
PUBLISHED May 17, 2018 05:50 AM

Manulife US Reit to raise US$197.2m from 22-for-100 preferential offering

SINGAPORE-listed Manulife US Reit has announced a preferential offering of 22 new units...
PUBLISHED May 17, 2018 05:50 AM

Deliveroo employees to receive shares totalling £10m

EMPLOYEES at British food courier Deliveroo will become shareholders in the company and...
PUBLISHED May 17, 2018 05:50 AM

Pacific Radiance to embark on schemes of arrangement

OFFSHORE marine operator Pacific Radiance is planning to pursue restructuring by way of...
PUBLISHED May 17, 2018 05:50 AM

Bankruptcy jeopardises RCom's US$3.7b deal; shares plummet

SHARES and bonds of Reliance Communications Ltd tumbled after an Indian tribunal ordered...
PUBLISHED May 17, 2018 05:50 AM
STOCKS

Singapore shares fall for third straight day

ASIAN markets mostly fell on Wednesday, as Singapore shares extended their loss for the...
PUBLISHED May 17, 2018 05:50 AM

Brokers' take

Spackman Entertainment Group | Buy
PUBLISHED May 17, 2018 05:50 AM
CURRENCIES

Euro falls to lowest since late December on Italy debt worries

THE euro slumped to a five-month low on Wednesday after reports that a possible future...
PUBLISHED May 17, 2018 05:50 AM

Boustead's chairman puts trust in Falcon Energy MD

BOUSTEAD chairman and chief executive Wong Fong Fui - who emerged as a significant...
PUBLISHED May 17, 2018 05:50 AM

Surbana Jurong, CAI clinch projects in India's Pune Metropolitan Region

TEMASEK-OWNED Surbana Jurong said it will be providing the masterplan for the fast-...
PUBLISHED May 17, 2018 05:50 AM

Tencent beats estimates as WeChat, mobile games drive growth

TENCENT Holdings Ltd posted a quarterly profit that exceeded estimates, bolstered by...
PUBLISHED May 17, 2018 05:50 AM

REAL ESTATE

Frasers Property, GIC, JustCo invest US$177m in co-working space platform

MAINBOARD-LISTED real estate firm Frasers Property, Singapore's sovereign wealth...
PUBLISHED May 17, 2018 05:50 AM

Germany's booming construction sector raises 2018 sales forecast

GERMANY'S construction companies are benefiting from soaring demand for real estate...
PUBLISHED May 17, 2018 05:50 AM

China's new home prices pick up in April with broad-based gains

CHINA'S new home prices rose in April for the 36th consecutive month, with momentum...
PUBLISHED May 17, 2018 05:50 AM

Hong Kong's land record smashed by Sun Hung Kai's HK$25.2b buy

THE roaring property market in Hong Kong has blown past another record.
PUBLISHED May 17, 2018 05:50 AM

TT International's Big Box in Jurong East put up for sale by receivers

THE receivers and managers for the owner of Big Box have put the warehouse retail mall...
PUBLISHED May 17, 2018 05:50 AM
EN BLOC SALE

Cavenagh Gardens, Flynn Park, Rosalia Park join bandwagon

THE collective sale fever continues, as JLL launched five freehold residential sites with...
PUBLISHED May 17, 2018 05:50 AM
EN BLOC SALE

Two more District 9 sites launched for collective sale

TWO freehold developments in the prestigious Cairnhill enclave of prime District 9,...
PUBLISHED May 17, 2018 05:50 AM

BANKING & FINANCE

COMMENTARY

What returns would you give up for doing good?

ENVIRONMENTAL, social and governance (ESG) concerns are playing a bigger role in...
PUBLISHED May 17, 2018 05:50 AM

HSBC's Saudi unit to buy RBS venture in US$5b stock deal

HSBC Holding Plc's Saudi Arabia unit has offered to pay a 29 per cent premium to...
PUBLISHED May 17, 2018 05:50 AM

Indonesian market rout worsens ahead of central bank rate decision

INDONESIAN stocks and the rupiah retreated for a third day on Wednesday, with the...
PUBLISHED May 17, 2018 05:50 AM

ENERGY & COMMODITIES

Rio Tinto CEO calls for 'United Nations' of the mining world

RIO TINTO CEO Jean-Sebastien Jacques said resource companies needed to build "the...
PUBLISHED May 17, 2018 05:50 AM

China coal traders bet on shortages as spring temperatures soar

CHINA'S thermal coal futures rose to a six-week high on Wednesday as traders bet on...
PUBLISHED May 17, 2018 05:50 AM

TECHNOLOGY

US Justice Department and FBI probing Cambridge Analytica

THE US Justice Department and the FBI are investigating Cambridge Analytica (CA), the...
PUBLISHED May 17, 2018 05:50 AM

Twitter uses new approach to step up fight against trolls

TWITTER said on Tuesday that it was stepping up its long-running battle against online...
PUBLISHED May 17, 2018 05:50 AM

Singapore AI health startup UCARE.AI raises S$8.2m in funding

UCARE.AI - a Singapore-based healthcare startup that uses artificial intelligence (AI) to...
PUBLISHED May 17, 2018 05:50 AM

CONSUMER

Starbucks unveils ambitious China plan

STARBUCKS CORP unveiled a bold plan to more than triple revenue in China over the next...
PUBLISHED May 17, 2018 05:50 AM

Burberry beats forecasts as market awaits Tisci's designs

BRITISH luxury group Burberry beat market forecasts with a 2 per cent rise in full-year...
PUBLISHED May 17, 2018 05:50 AM

China's refined wine palates thirst for more

CHINA'S growing thirst for wine has spawned a new crop of connoisseurs, inspired...
PUBLISHED May 17, 2018 05:50 AM

TRANSPORT

Ash cloud from Hawaii volcano sparks red alert for aviation

EXPLOSIONS intensified on Hawaii's Kilauea volcano on Tuesday, spewing ash and...
PUBLISHED May 17, 2018 05:50 AM

Tesla manufacturing woes, fatal crashes combine to sink shares

ANOTHER fatal crash in a Tesla Inc vehicle and a bearish report about Elon Musk's...
PUBLISHED May 17, 2018 05:50 AM

Didi revamps car pooling safety

DIDI Chuxing is overhauling safety measures across its business after a female customer...
PUBLISHED May 17, 2018 05:50 AM

GOVERNMENT & ECONOMY

US-China spat a matter of concern for EU: official

EUROPE is concerned about collateral damage it may suffer from America's escalating...
PUBLISHED May 17, 2018 05:50 AM
LATEST US DATA

Industrial production up 0.7% in April on strong mining activity

COLD weather and strong mining activity combined with a solid showing by manufacturing...
PUBLISHED May 17, 2018 05:50 AM

US still hopeful over N Korea summit; Trump ready to meet

THE US is still hopeful about a planned summit with North Korean leader Kim Jong Un but...
PUBLISHED May 17, 2018 05:50 AM

Japan's economy shrinks after two years of growth

JAPAN'S economy slid into reverse for the first time in two years at the beginning...
PUBLISHED May 17, 2018 05:50 AM

Dispute on policy picks up steam at top of US Fed

FEDERAL Reserve chair Jerome Powell's top deputies are edging towards a clash that...
PUBLISHED May 17, 2018 05:50 AM

LIFE & CULTURE

Tom Wolfe kept a close, comical and astonished eye

THE BURSTS of asterisks, the scattering of exclamation points and ellipses, the...
PUBLISHED May 17, 2018 05:50 AM

Airbnb sets its sights on surfing

SURFING has become part of Airbnb in a big way: The home rental and travel company...
PUBLISHED May 17, 2018 05:50 AM

OPINION

EDITORIAL

Mind the gap, and stem the class divide

SINGAPORE is hardly alone in having to contend with the intractable problem of inequality...
PUBLISHED May 17, 2018 05:50 AM

China's leading private firms toe Party line

CHINA'S leading companies - Alibaba, Haier, and Dalian Wanda - have fallen in line...
PUBLISHED May 17, 2018 05:50 AM
THE BOTTOM LINE

WHO's new leadership on the wrong track

AS one of the richest Asian members of the World Health Organization (WHO), holding its...
PUBLISHED May 17, 2018 05:50 AM

Can McDonalds and Starbucks help solve the global retirement problem?

ALMOST every developed country has the same problem - people don't seem to have...
PUBLISHED May 17, 2018 05:50 AM
COMMENTARY

Are venture capitalists value destroyers?

EQUITY investments into new enterprises are held aloft as a big economic multiplier...
PUBLISHED May 17, 2018 05:50 AM
COMMENTARY

Shrinking the Fed's large balance sheet

AT its meeting in March 2018 the US Federal Reserve raised the target range of the Fed...
PUBLISHED May 17, 2018 05:50 AM
COMMENTARY

TCS enters big league but does its growth justify its valuation?

WHEN Tata Consultancy Services (TCS), India's largest information technology (IT)...
PUBLISHED May 17, 2018 05:50 AM

BREAKING NEWS

Aug 17, 2018 04:22 PM

Tokyo: Shares close higher

Aug 17, 2018 01:59 PM

Temasek-backed Chinese travel site aims to raise up to US$300m: sources

[HONG KONG] A Chinese travel website backed by Singapore state investor Temasek Holdings hopes to raise up to US$300...
Aug 17, 2018 01:46 PM

Malaysia central bank relaxes currency conversion rules for exporters

[KUALA LUMPUR] Malaysia's central bank said on Friday exporters will no longer be obligated to convert most of...
Aug 17, 2018 01:32 PM

Thai Q2 growth seen slowing to 1% q-o-q as tourism, manufacturing decelerate: poll

[BANGKOK] Thailand's economic growth in was expected to slow in the second quarter from January-March, a Reuters...
sentifi.com

TOP 10 TALKED ABOUT: