Tuesday, May 22, 2018

TOP STORIES

BT EXCLUSIVE

Porsche sales in Singapore kick into high gear

THE good run that Porsche had last year has spilled over into this year - with its first-...
PUBLISHED May 22, 2018 05:50 AM
BT LEADERS' FORUM

Deep understanding of Asean is key to seizing opportunities: panellists

CONTRARY to popular belief, China's Belt and Road Initiative (BRI) consists of more...
PUBLISHED May 22, 2018 05:50 AM
BT LEADERS’ FORUM

The Business Times-Standard Chartered Leaders’ Survey 2018: Prospects and Challenges

Who: 129 leaders and business owners from various industry sectors Polled via an online...
PUBLISHED May 22, 2018 05:50 AM
BT LEADERS’ FORUM

Improved aviation infrastructure needed to spur growth in Asean, says Liew Mun Leong

ECONOMIC growth in Asean countries can be accelerated if more is done to improve their...
PUBLISHED May 22, 2018 05:50 AM

Iswaran in Paris to deepen France, Singapore innovation and tech links

MINISTER-IN-CHARGE of Trade Relations S Iswaran is visiting Paris this week as part of...
PUBLISHED May 22, 2018 05:50 AM

Singapore adopts national e-invoice system

SINGAPORE has adopted its own national e-invoice system based on a widely-used European...
PUBLISHED May 22, 2018 05:50 AM

Too early to say US-China trade war over: analysts

THE easing of trade tensions between the United States and China over the weekend is a...
PUBLISHED May 22, 2018 05:50 AM
OPINION

Why Singapore remains a role model for managing national savings

RECENT news about Middle Eastern governments redesigning the institutional architecture...
PUBLISHED May 22, 2018 05:50 AM

Wan Azizah leads Cabinet in swearing-in ceremony

DEPUTY Prime Minister Wan Azizah Wan Ismail led a line-up of 13 Cabinet ministers in...
PUBLISHED May 22, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

ESR's expansion plans extend beyond Singapore's shores

PAN-ASIAN group e-Shang Redwood (ESR) has ambitious plans to grow in Asia, evident from...
PUBLISHED May 22, 2018 05:50 AM

Tat Hong to delist as buyout offer crosses 90% threshold

CRANE supplier Tat Hong will soon be delisted from the Singapore Exchange.
PUBLISHED May 22, 2018 05:50 AM

Ascendas India Trust to buy 7 more Hyderabad office buildings

THE manager of Ascendas India Trust has entered into a forward purchase agreement to...
PUBLISHED May 22, 2018 05:50 AM

Bank of Singapore inks MOU with SMBC Trust Bank

BANK of Singapore (BOS) has signed a memorandum of understanding (MOU) with SMBC Trust...
PUBLISHED May 22, 2018 05:50 AM

Corporate digest

SEMBMARINE has has inked a contract with Shell Offshore Inc for work on a floating...
PUBLISHED May 22, 2018 05:50 AM

Europe's luxe hotel group Kempinski to run Perennial's hotel at Capitol Singapore

PERENNIAL Real Estate Holdings has appointed Europe's luxury hotel group, Kempinski...
PUBLISHED May 22, 2018 05:50 AM

Grab partners Maybank to promote GrabPay in Malaysia

IN ITS latest push to grow its market share in e-payments, Grab has partnered Maybank to...
PUBLISHED May 22, 2018 05:50 AM

SPH, logistics firms to be part of locker network

THE Info-communications Media Development Authority (IMDA) has signed memoranda of intent...
PUBLISHED May 22, 2018 05:50 AM

Foreigners sell US$625m of Malaysian stocks in a week

THE gains in Malaysian equities since Mahathir Mohamed's shock election win haven...
PUBLISHED May 22, 2018 05:50 AM

Jakarta to step up intervention as rupiah, bonds slide

INDONESIA'S central bank pledged to continue its intervention in the currency and...
PUBLISHED May 22, 2018 05:50 AM

3 Fortis Healthcare directors quit amid takeover tussle

THREE directors of India's Fortis Healthcare have quit ahead of a shareholder vote...
PUBLISHED May 22, 2018 05:50 AM

Changing hands

Tracking fund flows in the Singapore stock market
PUBLISHED May 22, 2018 05:50 AM
STOCKS

Markets perk up on US-China trade talks

A THAW in trade tensions between the United States and China lent hope to local equities...
PUBLISHED May 22, 2018 05:50 AM

Brokers' take

We are now more positive on Singapore Airlines (SIA) than any time over the past three...
PUBLISHED May 22, 2018 05:50 AM
CURRENCIES

Greenback surges to five-month highs

THE US dollar rallied to a five-month high on Monday as relief over the fading risks of...
PUBLISHED May 22, 2018 05:50 AM

REAL ESTATE

Rising prices, rates test strength of US market

FEAR of missing out may persuade Americans with an eye on buying a home to hurry their...
PUBLISHED May 22, 2018 05:50 AM

Singha Estate eyes Thai hotel assets to ride tourism boom

THAI property firm Singha Estate will look to invest in hospitality assets at home as it...
PUBLISHED May 22, 2018 05:50 AM

London slump deepens as Brexit slows UK property

LONDON remains a weak spot in the slowing UK housing market as Brexit clouds the outlook...
PUBLISHED May 22, 2018 05:50 AM

Japan's new law on room rentals a double-edged sword

RENTAL platforms like Airbnb are hoping for a boost from a new law coming into force next...
PUBLISHED May 22, 2018 05:50 AM

BANKING & FINANCE

Strengthening US$ puts heat on emerging market currencies

AS IF emerging-market investors do not have enough to worry about - with political flare-...
PUBLISHED May 22, 2018 05:50 AM

Shrinking valuations cast shadow over smaller Chinese bank IPOs

AS China's crackdown on shadow banking shrinks smaller banks' valuations...
PUBLISHED May 22, 2018 05:50 AM

ENERGY & COMMODITIES

Japan's Nippon Steel says solid demand mutes impact of US import duties

STRONG global demand has helped cushion the impact on Nippon Steel & Sumitomo Metal...
PUBLISHED May 22, 2018 05:50 AM

Oil closes in on US$72 as US, China reach trade truce

OIL advanced near US$72 a barrel as an economic truce between the United States and China...
PUBLISHED May 22, 2018 05:50 AM

Commodities that may win big from a US-China trade truce

COMMODITIES were a big casualty of the escalating trade war between the US and China, but...
PUBLISHED May 22, 2018 05:50 AM

TECHNOLOGY

Ex-Googler turns mum's money into a billion dollars on Amazon

AFTER Steven Yang left his coveted job at Google, he asked his mother whether he should...
PUBLISHED May 22, 2018 05:50 AM

Crowdfunded startup Ossic shuts down; backers to seek redress

ONE contender in the race to bring "3D" headphone technology to the mass market...
PUBLISHED May 22, 2018 05:50 AM

China satellite heralds first mission to dark side of moon

CHINA launched on Monday a relay satellite that will allow a rover to communicate with...
PUBLISHED May 22, 2018 05:50 AM

CONSUMER

L'Oreal banks on Cannes gloss to drive sales in social-media savvy China

CHINESE actress and pop star Li Yuchun glides down the hallway of Cannes' Hotel...
PUBLISHED May 22, 2018 05:50 AM

Starbucks: You don't have to buy coffee to sit in our cafes or use our restrooms

STARBUCKS is now allowing people to use its restrooms and sit in its cafes and patios...
PUBLISHED May 22, 2018 05:50 AM

TRANSPORT

Thai Airways finds new CEO after 2-year search

THAI Airways International said on Monday that it has found a new president and chief...
PUBLISHED May 22, 2018 05:50 AM

Ryanair posts record annual profit; stays cautious about year ahead

RYANAIR posted a record annual profit on Monday as it brushed off a rostering mess-up...
PUBLISHED May 22, 2018 05:50 AM

At US$78,000, Tesla pushes Model 3 beyond reach of the masses

ELON Musk's Model 3, once touted as Tesla's US$35,000 car for the masses, can...
PUBLISHED May 22, 2018 05:50 AM

GOVERNMENT & ECONOMY

Abuses pushed Malaysia's debt to over 1 trillion ringgit: Mahathir

MALAYSIA is saddled with over 1 trillion ringgit (S$340 billion) in debt, Prime Minister...
PUBLISHED May 22, 2018 05:50 AM

Malaysia brings back old graft-busters for 1MDB task force

MALAYSIA is bringing back former 1MDB investigators to head a task force focused on...
PUBLISHED May 22, 2018 05:50 AM

Anwar reassures ethnic Malays who fear losing benefits

ANWAR Ibrahim has a simple message for ethnic Malays who fear losing benefits they...
PUBLISHED May 22, 2018 05:50 AM

LIFE & CULTURE

Deadpool sequel surges to box office lead

ANOTHER weekend, another US$100-million-plus superhero opening: This time it was 20th...
PUBLISHED May 22, 2018 05:50 AM

The dyeing art of Damascus silk

ON A ROOFTOP in Syria's capital, Mohammad al-Rihawi plunges silk threads into...
PUBLISHED May 22, 2018 05:50 AM

SME

Carving out a co-working niche

HAVING birthed startups the likes of Instagram and Uber, co-working spaces are a...
PUBLISHED May 22, 2018 05:50 AM

OPINION

EDITORIAL

Malaysia has a few ways to make good revenue shortfall from zero GST

THE groundbreaking general election in Malaysia on May 9 has thrown up many new paradigms...
PUBLISHED May 22, 2018 05:50 AM

Is there a method to Trump's madness?

"WHAT was he thinking?" has probably become the most commonly-used phrase in...
PUBLISHED May 22, 2018 05:50 AM
THE BOTTOM LINE

The old capitalism returns

WE flatter ourselves into thinking that we live in a time of exceptional economic...
PUBLISHED May 22, 2018 05:50 AM

Bridging the gap in data skills through citizen data scientists

IN A world where citizens' lives are increasingly managed by the accumulation,...
PUBLISHED May 22, 2018 05:50 AM
COMMENTARY

The known unknowns of US sanctions against Iran

THE sanctions against Iran reinstated by US President Donald Trump raise two all-...
PUBLISHED May 22, 2018 05:50 AM
COMMENTARY

Why Google supports a strong Asean Community

CK LIM knows how important it is for a small business to have a global presence. His...
PUBLISHED May 22, 2018 05:50 AM

BREAKING NEWS

Jun 21, 2018 11:10 AM

China's wheat output set to drop sharply in wake of bad weather

[BEIJING] China's wheat output could drop as much as 20 per cent this crop year after bad weather hit fields in...
Jun 21, 2018 10:59 AM

Trump orders halt to family separations

[WASHINGTON] President Donald Trump ordered an end to the separation of migrant children from their parents on the US...
Jun 21, 2018 10:21 AM

CW Group says unable to redeem SGD bonds, hires advisers

[SINGAPORE] The Hong Kong-listed group expects it won’t be able to repay a SGD notes due on June 25 and pay dividend...
Jun 21, 2018 10:00 AM

Hong Kong: Stocks edge up at open

[HONG KONG] Hong Kong stocks rose slightly in the first few minutes of trade Thursday as markets stabilise after the...
Jun 21, 2018 09:52 AM

New Zealand economy cools as construction slows

[Wellington] New Zealand's economy grew at a slower pace in the first three months of the year amid a fall in...
Jun 21, 2018 09:35 AM

ExxonMobil starts up world's largest resin plant in Singapore

EXXONMOBIL has started production from two new multi-billion dollar plants producing petrochemicals used in adhesives...
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