Friday, May 18, 2018

TOP STORIES

SIA's S$181.8m Q4 net profit surpasses expectations

SINGAPORE Airlines (SIA) beat expectations to chalk up a net profit of S$181.8 million...
PUBLISHED May 18, 2018 05:50 AM

Taking on the big boys, in BT Weekend

MINORITY shareholders in Singapore are becoming a tough lot. No longer rubber-stamping...
PUBLISHED May 18, 2018 05:50 AM

Six slapped with prohibition orders for 'mis-selling'

THE Monetary Authority of Singapore (MAS) has issued prohibition orders (PO) against six...
PUBLISHED May 18, 2018 05:50 AM

Pharma gives Singapore NODX a shot in the arm, but it'll wear off, say economists

AFTER shrinking for two straight months, Singapore's exports recovered in April as...
PUBLISHED May 18, 2018 05:50 AM

Extending leases for older HDB flats 'will have serious trade-offs'

Amid calls for automatic lease extensions for older public flats, Minister for National...
PUBLISHED May 18, 2018 05:50 AM

MAS to tighten rules on cyber resilience in financial industry

THE Monetary Authority of Singapore (MAS) plans to raise the regulatory requirements on...
PUBLISHED May 18, 2018 05:50 AM

Economists flag headwinds ahead for 'Goldilocks' economy

THE global economy has been enjoying a "Goldilocks" combination of robust...
PUBLISHED May 18, 2018 05:50 AM

PE and VC deals into South-east Asia hit record US$23.5b in 2017: report

PRIVATE equity (PE) and venture capital (VC) investments into South-east Asia hit a...
PUBLISHED May 18, 2018 05:50 AM

Commodity trading hits new high of S$28b in 2017

COMMODITY trading hit a new high of S$28 billion in local business spending and hired...
PUBLISHED May 18, 2018 05:50 AM

SMEs should take do-it-yourself approach: Inderjit Singh

INSTEAD of holding out for government policies to change in their favour, firms should do...
PUBLISHED May 18, 2018 05:50 AM
MALAYSIA POST-ELECTION

New govt confronts slower 5.4% growth in Q1

MALAYSIA'S annual economic growth slowed to 5.4 per cent in the first quarter of...
PUBLISHED May 18, 2018 05:50 AM
MALAYSIA POST-ELECTION

PM Mahathir to helm Education Ministry

MALAYSIAN Prime Minister Mahathir Mohamad announced on Thursday that he will helm the...
PUBLISHED May 18, 2018 05:50 AM

COMPANIES & MARKETS

CCT to buy majority stake in Frankfurt property for 343m euros

AFTER announcing its maiden property acquisition outside Asia - a Grade A office property...
PUBLISHED May 18, 2018 05:50 AM

Raffles United's directors provide bonds to CAD over potential breaches

BEARINGS and seals supplier Raffles United Holdings on Thursday announced that several of...
PUBLISHED May 18, 2018 05:50 AM

Singtel Q4 earnings slip on lower regional contributions

A WEAKER fourth quarter at two associates torpedoed Singtel's earnings, according to...
PUBLISHED May 18, 2018 05:50 AM

Sembcorp Industries subsidiary divests division

SEMBCORP Environment, a unit of mainboard-listed Sembcorp Industries (Sembcorp), has...
PUBLISHED May 18, 2018 05:50 AM

Corporate digest

AA Reit has announced that the redevelopment of its property at 3 Tuas Avenue 2 will cost...
PUBLISHED May 18, 2018 05:50 AM

Citi fined HK$57m for failings as Real Gold IPO sponsor

HONG KONG'S securities regulator said it had fined Citigroup's Asian business...
PUBLISHED May 18, 2018 05:50 AM
STOCKS

Singapore market stuck in limbo

CAUGHT between Pyongyang and rising US 10-year treasury bond yields, the Singapore stock...
PUBLISHED May 18, 2018 05:50 AM

Brokers' take

Viva Industrial Trust's (VIT) Q1 results were within expectations. The growth...
PUBLISHED May 18, 2018 05:50 AM
CURRENCIES

Euro falls towards 5-month lows on US bond yield rise

THE euro fell towards a five-month low on Thursday as investors fretted about the demands...
PUBLISHED May 18, 2018 05:50 AM

56 business services now use MyInfo, after bank trial: GovTech

SOME 56 business services have tied up with a digital government vault for personal...
PUBLISHED May 18, 2018 05:50 AM
HOCK LOCK SIEW

Malaysian stock market takes regime change in its stride

SINCE the stunning outcome of Malaysia's GE14 general election a week ago on May 9...
PUBLISHED May 18, 2018 05:50 AM

REAL ESTATE

CDL, Distrii join hands in smart building apps

REAL estate developer City Developments (CDL) is making further inroads into proptech, as...
PUBLISHED May 18, 2018 05:50 AM

Cuscaden Road GLS site to be developed into luxury residence

A RESIDENTIAL Government Land Sales (GLS) site at Cuscaden Road, which fetched a top bid...
PUBLISHED May 18, 2018 05:50 AM

Aurum Land buys all units in Balmoral Gardens for almost S$83m

AURUM Land, the boutique development arm of Woh Hup group, is understood to have done a...
PUBLISHED May 18, 2018 05:50 AM

Metro Holdings buys 35% of JV that's acquiring Shanghai mixed-use building

METRO Holdings Limited has acquired a 35 per cent stake in a joint venture that is...
PUBLISHED May 18, 2018 05:50 AM

US housing starts, building permits fall sharply in April, reversing March's rise

US homebuilding tumbled in April and permits fell, suggesting the housing market...
PUBLISHED May 18, 2018 05:50 AM

BANKING & FINANCE

MAS to raise insurance coverage for Sing-dollar deposits

DEPOSITORS could enjoy greater insurance coverage for their savings, while private-hire...
PUBLISHED May 18, 2018 05:50 AM
COMMENTARY

Emerging-market malaise poised to linger

BY my count, emerging-market currencies are in the midst of their fifth major weakening...
PUBLISHED May 18, 2018 05:50 AM

HK spends HK$9.5b defending currency overnight

HONG KONG intervened to defend its currency peg for a second day after the city's...
PUBLISHED May 18, 2018 05:50 AM

ENERGY & COMMODITIES

Prospects for India's mega refinery project grow dimmer

AT the International Energy Forum in Delhi in April, the world's top oil producer...
PUBLISHED May 18, 2018 05:50 AM

TECHNOLOGY

ISS tells Facebook shareholders to withhold support for management

TOP proxy adviser Institutional Shareholder Services (ISS) on Wednesday recommended that...
PUBLISHED May 18, 2018 05:50 AM

Zuckerberg agrees to closed-door talks with MEPs

FACEBOOK chief Mark Zuckerberg has agreed to meet European Members of Parliament (MEPs)...
PUBLISHED May 18, 2018 05:50 AM

Tencent shares rise after Q1 profit beats estimates

SHARES of Tencent Holdings opened up 7 per cent in Hong Kong on Thursday after it...
PUBLISHED May 18, 2018 05:50 AM

China launches first rocket designed by a private company

CHINA launched its first privately developed rocket from a launchpad in north-western...
PUBLISHED May 18, 2018 05:50 AM

CONSUMER

CANCER DRUG ADVANCEMENTS

Study finds more isn't better for Roche breast cancer drug

FOR more than a decade, women with a dangerous form of breast cancer have relied on Roche...
PUBLISHED May 18, 2018 05:50 AM

Merck's lung cancer drugs show promise in early-stage trials

GERMANY'S Merck said two of its experimental oncology drugs showed early signs of...
PUBLISHED May 18, 2018 05:50 AM

Uniqlo makes designer bid with Tomas Maier for one-off resort collection

THE designer-mass market collaboration has become as stale an idea as week-old banana...
PUBLISHED May 18, 2018 05:50 AM

UK slashes maximum stake on gambling machines to £2

BRITAIN will slash the maximum stake on controversial gambling machines to £2 (S$3.60)...
PUBLISHED May 18, 2018 05:50 AM

TRANSPORT

Europe car sales speed up in April

CAR SALES in the top European markets rose sharply in April, statistics showed on...
PUBLISHED May 18, 2018 05:50 AM

What Tesla can learn from BMW: Ditch the bots, employ real people

AS ELECTRIC car maker Tesla Inc struggles with producing its first high-volume car, it...
PUBLISHED May 18, 2018 05:50 AM

EU sets CO2 reduction target for trucks by 2030

NEW large trucks in the European Union will have to emit at least 30 per cent less CO2 by...
PUBLISHED May 18, 2018 05:50 AM

GOVERNMENT & ECONOMY

Trump plans to meet with China's top economic envoy

US President Donald Trump plans to meet with China's top economic envoy at the White...
PUBLISHED May 18, 2018 05:50 AM

Opec may raise oil production despite falling demand

BRENT crude oil prices have just breached the US$80-a-barrel mark, but demand is...
PUBLISHED May 18, 2018 05:50 AM

LIFE & CULTURE

How do you move a shark? Very carefully

IN THE open ocean, the sand tiger shark has been known to migrate more than 2,400km.
PUBLISHED May 18, 2018 05:50 AM

Two bottles of rare 60-year-old Macallan whisky to lead Hong Kong auction

TWO bottles of rare 60-year-old Macallan whisky could fetch record prices at a Bonhams...
PUBLISHED May 18, 2018 05:50 AM

OPINION

Will peace ever come to the Promised Land?

IT was a time when everything seemed to be possible. After the Berlin Wall fell in 1989,...
PUBLISHED May 18, 2018 05:50 AM
THE BOTTOM LINE

Is an audit report reliable nowadays?

THE audit of company accounts grew out of the concept of limited liability, where the...
PUBLISHED May 18, 2018 05:50 AM
EDITORIAL

When en bloc fever distorts 'lease decay' principle of leasehold property

A RECOVERY in private home prices after four years of decline is not necessarily a bad...
PUBLISHED May 18, 2018 05:50 AM

The omnichannel customer is here

THE ubiquity of mobile technology has been a long time coming. According to IMDA's...
PUBLISHED May 18, 2018 05:50 AM
COMMENTARY

Ancient myth of 'good fences' is pretty much a myth

IN Robert Frost's famous poem Mending Wall, the narrator describes an encounter with...
PUBLISHED May 18, 2018 05:50 AM
COMMENTARY

Royal wedding brings new energy to monarchy

SATURDAY will see the wedding of Prince Harry to American actress Meghan Markle, a union...
PUBLISHED May 18, 2018 05:50 AM

Lifestyle

Forbidden Duck runs afowl

HE SPENT decades convincing people that Chinese food tastes better when it's turned...
PUBLISHED May 18, 2018 05:50 AM

Silvaner: lovely yet unloved spring wine seeks friends

WITH the overwhelming number of wines available today from all over the world, in a vast...
PUBLISHED May 18, 2018 05:50 AM

Old trades, new trends

In an age where most people live in a throwaway society, and anything bright, new and...
PUBLISHED May 18, 2018 05:50 AM

Colin Goh

IN 1991, Colin Goh was a young aspiring producer determined to have a career in the arts.
PUBLISHED May 18, 2018 05:50 AM

Bhutan Retreat

Whether you can barely do a down dog or if you're doing headstands with ease, there...
PUBLISHED May 18, 2018 05:50 AM

Only Onigiri

This mainstay of the Japanese convenience store - rice balls stuffed with different...
PUBLISHED May 18, 2018 05:50 AM

No Ordinary Hero

Haven't got enough of superheroes even with Avengers: Infinity War? Well, Marvel...
PUBLISHED May 18, 2018 05:50 AM

Swede Treat

One of Sweden's most acclaimed filmmakers, the late Ingmar Bergman (1918-2007) would...
PUBLISHED May 18, 2018 05:50 AM

Royal Treatment

It's too late to catch Prince Harry's wedding on May 19, but there's...
PUBLISHED May 18, 2018 05:50 AM

Miss Julie revisited

Miss Julie, the titular protagonist of August Strindberg's 1888 play, is a strong-...
PUBLISHED May 18, 2018 05:50 AM

Bridal Bling

If diamonds are a girl's best friend, they're a bride's holy grail,...
PUBLISHED May 18, 2018 05:50 AM

Return Flight

When theatre company Pangdemonium debuted its complex immigration drama Dragonflies in...
PUBLISHED May 18, 2018 05:50 AM

A toast to sake and natural wines

MeA couple of weeks ago at a private dinner held at the restaurant Nouri, guests were...
PUBLISHED May 18, 2018 05:50 AM

Goodwill shopping

When you buy a watch from Danish brand Nordgreen, you don't just buy a timepiece of...
PUBLISHED May 18, 2018 05:50 AM

The Royal Wedding Quiz

How much do you know about the historic nuptials of Prince Harry and Meghan Markle taking...
PUBLISHED May 18, 2018 05:50 AM

Preventing knee pain in Singapore

THEY say there's no gain without pain, but what happens when the pain becomes too...
PUBLISHED May 18, 2018 05:50 AM

Corporate Cool

For clean, minimalist no-nonsense workwear staples, British label Joseph doesn't...
PUBLISHED May 18, 2018 05:50 AM

Growing Art

IT COULD BE the sharp facial structure or short swept-back hair of the husband, or the...
PUBLISHED May 18, 2018 05:50 AM

Game Not Over

Long before the arrival of video game consoles such as PlayStation, Xbox, Wii and...
PUBLISHED May 18, 2018 05:50 AM
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