Thursday, May 24, 2018

TOP STORIES

BT EXCLUSIVE

House of Tan Yeok Nee back on the market

THE House of Tan Yeok Nee , a gazetted national monument at the junction of Penang Road...
PUBLISHED May 24, 2018 05:50 AM
NEWS ANALYSIS: HYFLUX CRISIS

Can Hyflux get it right this time?

HYFLUX finally addressed its cash woes on Tuesday when it filed for court protection...
PUBLISHED May 24, 2018 05:50 AM
OPINION

Debt restructuring - shift in attitude needed

ONE year ago, groundbreaking amendments were made to the Singapore Companies Act (Cap 50...
PUBLISHED May 24, 2018 05:50 AM

Singapore keeps 3rd spot in global ranking of competitiveness

SINGAPORE has stayed in third place in an annual world competitiveness ranking of 63...
PUBLISHED May 24, 2018 05:50 AM

Trump casts doubt over June 12 summit with Kim

US President Donald Trump expressed pessimism about whether the summit with North Korea...
PUBLISHED May 24, 2018 05:50 AM

Jewel in the Gulf, in the Weekend magazine

THE latest jewel in the Gulf isn't another jaw-dropping skyscraper but a...
PUBLISHED May 24, 2018 05:50 AM

Singapore, France deepen collaboration in biotechnology

RESEARCHERS in Singapore and France are setting up a joint "virtual laboratory...
PUBLISHED May 24, 2018 05:50 AM

KL government change has 'no impact' on HSR bidding: Alstom

THE change in political leadership in Malaysia has not had any impact on the bidding...
PUBLISHED May 24, 2018 05:50 AM
NEW MALAYSIAN GOVERNMENT

M'sia to dismiss 17,000 state workers, reduce ministers' salaries by 10%

THOUSANDS of government workers in Malaysia will lose their jobs and state agencies will...
PUBLISHED May 24, 2018 05:50 AM

Uber's sale of unused cars drags COEs

CERTIFICATES of entitlement (COEs) ended mostly lower at the latest tender yesterday, as...
PUBLISHED May 24, 2018 05:50 AM

Inflation eased more than expected in April

Inflation in Singapore eased more than expected in April, with the main drags coming from...
PUBLISHED May 24, 2018 05:50 AM

COMPANIES & MARKETS

Sunpower to get US$70m follow-on investment from 2 existing Chinese private equity investors

SUNPOWER Group plans to raise US$70 million through the issue of a second tranche of...
PUBLISHED May 24, 2018 05:50 AM
HOCK LOCK SIEW

Noble saga offers lessons for Singapore capital market

"WHY has the company come to this stage?"...
PUBLISHED May 24, 2018 05:50 AM

UE forks out S$9m to build WBL stake

THREE months after its minority shareholders foiled its buy-out bid, United Engineers (UE...
PUBLISHED May 24, 2018 05:50 AM

RHB Bank appoints UBS Asset's James Yeo as regional head of M&A

RHB Bank Bhd, the fifth-biggest Malaysian lender by market value, has hired UBS Group AG...
PUBLISHED May 24, 2018 05:50 AM

Temasek unit to issue PE-backed bonds targeting retail investors

THE Azalea Group, a Temasek subsidiary, is launching a private equity bond with a tranche...
PUBLISHED May 24, 2018 05:50 AM

Boustead Singapore profit and revenue fall on FX losses, oil & gas recession

FOREIGN exchange losses and the continued global oil and gas recession dampened mainboard...
PUBLISHED May 24, 2018 05:50 AM

Key shareholder looks to expand stake in Citic Envirotech

A KEY shareholder of Citic Envirotech is looking to expand its equity stake in the...
PUBLISHED May 24, 2018 05:50 AM

Touché and OCBC to launch fingerprint-based credit card payments

LOCAL fintech startup Touché has partnered with OCBC Bank to bring what it says is the...
PUBLISHED May 24, 2018 05:50 AM

FSL Trust secures loan offer to refinance two chemical tankers

FIRST Ship Lease (FSL) Trust on Tuesday said it has secured a loan offer to refinance...
PUBLISHED May 24, 2018 05:50 AM

Corporate digest

Noble Group has again extended the completion date for the proposed disposal of its...
PUBLISHED May 24, 2018 05:50 AM

M&S faces up to past errors as food and clothing sales fall

MARKS & Spencer Group Plc owned up to its mistakes, saying it needs to close more...
PUBLISHED May 24, 2018 05:50 AM
STOCKS

STI falls 1.3% on Fed fears, trade tensions

THE Singapore bourse was awash in red on Wednesday, with markets jittery ahead of the...
PUBLISHED May 24, 2018 05:50 AM

Brokers' take

LOOKING ahead, we are projecting stable distribution per unit growth, weighted by market...
PUBLISHED May 24, 2018 05:50 AM
CURRENCIES

Euro plunges as risk aversion, Italy concerns weigh

THE euro fell to near three-month lows against the Swiss franc on Wednesday as fresh data...
PUBLISHED May 24, 2018 05:50 AM

REAL ESTATE

72-unit condo complex Balestier Regency up for sale for S$218m

BALESTIER Regency, a 72-unit condominium complex off Balestier Road, has been launched...
PUBLISHED May 24, 2018 05:50 AM

Singapore is 4th most expensive city in Asia to build in

SINGAPORE is the fourth most expensive city in Asia to build in, behind Hong Kong, Macau...
PUBLISHED May 24, 2018 05:50 AM

Malaysian state-backed funds 'looking for a loan for London-property project'

TWO Malaysian state-backed funds that acquired London's Battersea Power Station...
PUBLISHED May 24, 2018 05:50 AM

Salesforce Tower transforms San Francisco skyline

SALESFORCE.COM'S chief executive officer Marc Benioff formally opened Salesforce...
PUBLISHED May 24, 2018 05:50 AM

Sickly UAE property markets seen propped up by longer visas

AS homebuilders in Dubai and Abu Dhabi think up extravagant incentives to shake the...
PUBLISHED May 24, 2018 05:50 AM

BANKING & FINANCE

Emerging markets face record debts coming due

EMERGING-MARKET companies and governments straining to deal with the rising cost of...
PUBLISHED May 24, 2018 05:50 AM

ENERGY & COMMODITIES

Rio Tinto's exit set to end copper mine's three-way wrangle

RIO Tinto Group is said to be ready to accept a US$3.5 billion deal with Indonesia for...
PUBLISHED May 24, 2018 05:50 AM

Opec may decide to ease oil supply curbs in June

OPEC may decide to raise oil output as soon as June due to worries over Iranian and...
PUBLISHED May 24, 2018 05:50 AM

TECHNOLOGY

Mobile payment firms struggle to dethrone cash in S-E Asia

BUI Mai Phuong is an avid online shopper, ordering anything from clothing to personal-...
PUBLISHED May 24, 2018 05:50 AM

Deliveroo to turn to analytics, data science to do better

BRITISH food courier Deliveroo is launching a new business intelligence unit (BIU) in...
PUBLISHED May 24, 2018 05:50 AM

Foxconn unit to raise US$4.2b in China IPO

A UNIT of electronics manufacturing giant Foxconn said it will launch an initial public...
PUBLISHED May 24, 2018 05:50 AM

CONSUMER

Congress passes bill giving patients right to try experimental treatments

CONGRESS gave its final approval on Tuesday to a bill that would allow patients with...
PUBLISHED May 24, 2018 05:50 AM

North Korea defies UN sanctions with restaurants operating in Cambodia

AT least three and possibly more North Korean restaurants are operating in Cambodia'...
PUBLISHED May 24, 2018 05:50 AM

Japan overtakes Singapore's as world's most powerful passport

JAPAN has overtaken Singapore in the global ranking for the most powerful passport,...
PUBLISHED May 24, 2018 05:50 AM

TRANSPORT

Israeli defence expertise leads tech boom for driverless cars

TECHNOLOGY that has helped Israel's military drive tanks, guide and intercept...
PUBLISHED May 24, 2018 05:50 AM

MH370 search to end on May 29: Malaysia

A PRIVATE search by a US firm for Malaysia Airlines flight MH370, which went missing in...
PUBLISHED May 24, 2018 05:50 AM

Tesla lowers price of Model X car in China

TESLA Inc has slashed up to US$14,000 off its Model X in China after Beijing announced...
PUBLISHED May 24, 2018 05:50 AM

GOVERNMENT & ECONOMY

Eurozone business slowdown suggests best days may be over

EUROZONE economic growth slowed much more sharply than expected this month, a business...
PUBLISHED May 24, 2018 05:50 AM

Japan to backtrack on budget target, welfare reform as tax hike looms

JAPAN will delay its time frame for a balanced budget by five years to 2025, government...
PUBLISHED May 24, 2018 05:50 AM

With eye on China, EU parliament pushes tougher line on investments

MEMBERS of the European Parliament (MEPs) are nearing agreement on a proposal that would...
PUBLISHED May 24, 2018 05:50 AM

IMF urges S Arabia to contain spending as deficit widens

THE International Monetary Fund (IMF) has called on Saudi Arabia to keep public spending...
PUBLISHED May 24, 2018 05:50 AM

LIFE & CULTURE

TAKING HEART

CapitaLand develops Viet kindergarten with local community

A DANK, dilapidated storeroom built in 1967 was used to keep fertiliser. Later on, it...
PUBLISHED May 24, 2018 05:50 AM

No rest for Bangladeshi flagmakers as World Cup fever kicks in weeks before kick-off

FLAGMAKERS in Bangladesh are doing a roaring trade weeks ahead of next month's Fifa...
PUBLISHED May 24, 2018 05:50 AM

OPINION

Trump's Stalinist roots

THE power of the American presidency - and the respective presidents' ability to act...
PUBLISHED May 24, 2018 05:50 AM
THE BOTTOM LINE

Forgoing EU benefits is 'act of self-harm'

ONE of the most puzzling aspects of the arguments over Britain's exit from the...
PUBLISHED May 24, 2018 05:50 AM
EDITORIAL

Good idea, passion not enough to keep company at global forefront

THE news that water treatment firm Hyflux has sought court protection while it...
PUBLISHED May 24, 2018 05:50 AM

Glass box brands: DBS leading the way

THE founder of Uber resigns after a culture of sexism and bullying is exposed. A...
PUBLISHED May 24, 2018 05:50 AM
COMMENTARY

Merkel to double down on Germany-China relationship

GERMAN Chancellor Angela Merkel makes a first trip to China on Thursday and Friday since...
PUBLISHED May 24, 2018 05:50 AM
COMMENTARY

Mother Nature will play her hand in Arab-Israeli conflict

PRINCESS Diana once famously observed that there were three people in her marriage,...
PUBLISHED May 24, 2018 05:50 AM

Lifestyle

North Korea defies UN sanctions with restaurants operating in Cambodia

AT least three and possibly more North Korean restaurants are operating in Cambodia'...
PUBLISHED May 24, 2018 05:50 AM
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