Wednesday, Jun 06, 2018

TOP STORIES

BT EXCLUSIVE

Bank of Singapore cracks AUM target two years early

BANK of Singapore, the private banking arm of OCBC Bank, has hit US$100 billion in assets...
PUBLISHED Jun 6, 2018 05:50 AM

Quarterly survey finds business sentiment at three-year high

BUSINESS sentiment in Singapore is at its most upbeat in three years, with the service...
PUBLISHED Jun 6, 2018 05:50 AM
INNOVFEST UNBOUND

Grab launches venture arm to 'transform South-east Asia'

IN A bid to seek out South-east Asia's next tech "unicorn", Grab on...
PUBLISHED Jun 6, 2018 05:50 AM
INNOVFEST UNBOUND

Trust, ethics crucial to companies in advancing AI

TRUST is the most important value in the advancement of artificial intelligence (AI),...
PUBLISHED Jun 6, 2018 05:50 AM
TRUMP-KIM SUMMIT

US, N Korean leaders to meet at 9am on June 12

THE White House said on Monday that the first-ever meeting between US President Donald...
PUBLISHED Jun 6, 2018 05:50 AM
TRUMP-KIM SUMMIT

Singapore Mint unveils 3 commemorative coins to mark historic summit

TO mark the historic Trump-Kim summit and Singapore's role as host, the Singapore...
PUBLISHED Jun 6, 2018 05:50 AM

Singapore among 'most resilient' in face of risks

SINGAPORE has been ranked among the world's most resilient cities in the face of 22...
PUBLISHED Jun 6, 2018 05:50 AM

Incubator arms of CMA CGM and PSA join hands to drive innovation

THE corporate venture arms of French shipping giant CMA CGM and port operator PSA...
PUBLISHED Jun 6, 2018 05:50 AM

If blockchain 'use case' fails, MAS still benefits

MANY of the Monetary Authority of Singapore's (MAS) 'use cases' for its...
PUBLISHED Jun 6, 2018 05:50 AM
IATA AGM

Ongoing dispute with neighbours might keep Qatar Airways in red

QATAR Airways could face a second year of being in the red amid an ongoing dispute with...
PUBLISHED Jun 6, 2018 05:50 AM
IATA AGM

Iata piloting virtual reality solution

VIRTUAL reality could become more commonplace onboard as an airline association pilots a...
PUBLISHED Jun 6, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Pay-TV fans in for a rude telco discovery

IT MUST have been an upset for local Food Network and HGTV fans when cable content...
PUBLISHED Jun 6, 2018 05:50 AM

MyRepublic plans HK IPO; postpones market debut date

MYREPUBLIC's planned listing is slated for Hong Kong, the home-grown fibre broadband...
PUBLISHED Jun 6, 2018 05:50 AM

Astrea IV private equity bonds launched with retail tranche of S$121m

THE Azalea Group, a Temasek unit specialising in investments in private equity, has...
PUBLISHED Jun 6, 2018 05:50 AM

SGX adds 12 mainboard companies to watch-list, removes one

THE Singapore Exchange (SGX) has added 12 mainboard-listed companies to its watch-list...
PUBLISHED Jun 6, 2018 05:50 AM

C&G enters into S$400m reverse takeover of Param Mitra Coal

MAINBOARD-listed C&G Environmental Protection Holdings has entered into a reverse...
PUBLISHED Jun 6, 2018 05:50 AM

Tat Hong offer closes with offeror controlling 93.62% stake

OFFERING vehicle THSC Investments has received valid acceptances of some 705.14 million...
PUBLISHED Jun 6, 2018 05:50 AM

Tycoon Krishnan may take Astro Malaysia private

BILLIONAIRE T Ananda Krishnan is weighing the possibility of taking Astro Malaysia...
PUBLISHED Jun 6, 2018 05:50 AM

Keppel Singmarine wins S$50m deal for S-E Asia's first LNG bunker vessel

KEPPEL Singmarine has secured a contract worth S$50 million to build South-east Asia...
PUBLISHED Jun 6, 2018 05:50 AM

OCBC is first bank to do instant digital account opening

OCBC Bank is the first bank here to roll out a digital instant account opening service...
PUBLISHED Jun 6, 2018 05:50 AM

Corporate digest

BENG Kuang Marine unit Marina Shipping, a vessel charterer, on Tuesday agreed to sell...
PUBLISHED Jun 6, 2018 05:50 AM
STOCKS

STI on upward trend as shares gain 0.5%

THE rally continues. Taking its cue from Wall Street, which saw solid gains as tech...
PUBLISHED Jun 6, 2018 05:50 AM

Brokers' take

mm2 posted S$192 million revenue (+101 per cent) in FY18, driven by broad-based growth...
PUBLISHED Jun 6, 2018 05:50 AM
CURRENCIES

Dollar heads towards 6-month highs

THE dollar on Tuesday edged towards a six-month high hit last week as the latest bout in...
PUBLISHED Jun 6, 2018 05:50 AM

REAL ESTATE

Katong Plaza to be put up for collective sale at S$188m

FREEHOLD Katong Plaza will be launched for collective sale on June 7, 2018, with a S$188...
PUBLISHED Jun 6, 2018 05:50 AM

Pomex Court sold for S$37.6m

POMEX Court, a three-storey, freehold, walk-up residential development in the Joo Chiat...
PUBLISHED Jun 6, 2018 05:50 AM

China pushes state banks into home rental market at their own risk

AS property prices rocket across China, Beijing has appealed to the country's banks...
PUBLISHED Jun 6, 2018 05:50 AM

BANKING & FINANCE

Asia's capital markets seeing strong growth: MAS

THE expansion of Asian enterprises and demand for infrastructure development in the...
PUBLISHED Jun 6, 2018 05:50 AM

Ex-heads of Citi, Deutsche, ANZ in Australia charged in cartel case

AUSTRALIAN authorities have charged the former local bosses of Citigroup Inc and Deutsche...
PUBLISHED Jun 6, 2018 05:50 AM

Britain sells stake in RBS for £2.5b with eye on privatisation

BRITAIN'S government on Tuesday said it had sold a small chunk of state-rescued...
PUBLISHED Jun 6, 2018 05:50 AM

ENERGY & COMMODITIES

Indonesia plans to raise diesel subsidies four-fold

INDONESIA plans to quadruple its diesel subsidies to keep prices for the fuel unchanged...
PUBLISHED Jun 6, 2018 05:50 AM

UK govt may invest in Hitachi's nuclear power plant in Wales

BRITAIN may invest directly in a new nuclear power plant it wants built in northern Wales...
PUBLISHED Jun 6, 2018 05:50 AM

Choc-maker Mars profits from going green

MARS Inc, the maker of its namesake chocolate bar and Wrigley's chewing gum, is...
PUBLISHED Jun 6, 2018 05:50 AM

TECHNOLOGY

Japan's Sharp to buy Toshiba's personal computer business for S$48m

JAPAN'S Sharp Corp said it will buy Toshiba Corp's personal computer business...
PUBLISHED Jun 6, 2018 05:50 AM
COMMENTARY

Sharp has a better shot at PC reboot than Toshiba

SHARP should be able to reboot PCs better than Toshiba could.
PUBLISHED Jun 6, 2018 05:50 AM

Singapore shares top spot with Australia, Sweden in tech readiness, study finds

SINGAPORE is poised to be one of the most technologically ready economies over the next...
PUBLISHED Jun 6, 2018 05:50 AM

Tencent-backed Kuaishou buys rival AcFun in Chinese online video battle

CHINESE online short video startup Kuaishou, backed by Internet giant Tencent Holdings...
PUBLISHED Jun 6, 2018 05:50 AM

No evidence that having sex with robots is healthy, says new report

SEX sells, and robots are no exception. One of the most expensive consumer robots under...
PUBLISHED Jun 6, 2018 05:50 AM

CONSUMER

POLLUTED ASIA

South-east Asia's plastic addiction is blighting world's oceans

ON HER lunch break, Bangkok office worker Chinapa Payakha emerges from a 7-Eleven store...
PUBLISHED Jun 6, 2018 05:50 AM
POLLUTED ASIA

Bad air day: Indian city of Kanpur chokes on world's worst pollution

SOOT turned the white handkerchief around Abhash Kumar Sharma's face to black as the...
PUBLISHED Jun 6, 2018 05:50 AM

After Starbucks exit, Schultz leaves door open for US presidential run

STARBUCKS' executive chairman Howard Schultz is stepping away from the coffee chain...
PUBLISHED Jun 6, 2018 05:50 AM

TRANSPORT

STRAIT TALK

Aiming for zero CO2 emissions in shipping

NOT long ago anybody talking about ships that emitted no carbon dioxide from their...
PUBLISHED Jun 6, 2018 05:50 AM
IATA AGM

Carriers face double whammy of higher oil prices, stronger US dollar

THE president of Emirates airline said the rare combination of higher oil and a stronger...
PUBLISHED Jun 6, 2018 05:50 AM
IATA AGM

Emirates extending its luxe touch to economy-class seats

EMIRATES aircraft are synonymous with luxury, offering premium-class passengers a shower...
PUBLISHED Jun 6, 2018 05:50 AM
IATA AGM

Concern in Australia as Qantas to list Taiwan as part of China

QANTAS is poised to list Taiwan as part of China on its websites, sparking concern on...
PUBLISHED Jun 6, 2018 05:50 AM

Chinese airlines apply fuel surcharge after 3-year hiatus

CHINESE carriers including Air China and China Eastern Airlines Corp were set to apply a...
PUBLISHED Jun 6, 2018 05:50 AM

GOVERNMENT & ECONOMY

Trump aims to split up Nafta talks, says adviser

UNITED States President Donald Trump wants to end the three-party talks to renegotiate...
PUBLISHED Jun 6, 2018 05:50 AM

Exports, higher govt spending boost Australia's Q1 growth

A BUMPER run of resource exports and higher government spending provided a much-needed...
PUBLISHED Jun 6, 2018 05:50 AM

Weak Japan figures hint at economic recession

JAPAN'S household spending unexpectedly contracted in April and services sector...
PUBLISHED Jun 6, 2018 05:50 AM

Malaysian royals agree with government's choice of A-G

MALAYSIA'S royal rulers have agreed to the government's plan to appoint a non-...
PUBLISHED Jun 6, 2018 05:50 AM

Rosmah appears for questioning over 1MDB

THE wife of Malaysia's ousted prime minister Najib Razak was on Tuesday questioned...
PUBLISHED Jun 6, 2018 05:50 AM

LIFE & CULTURE

It's the women's turn now

FROM the polarising Ghostbusters remake to the controversy over female versions of James...
PUBLISHED Jun 6, 2018 05:50 AM

Rare dinosaur skeleton sells for 2m euros

THE skeleton of an extremely rare form of dinosaur sold for two million euros (S$3.12...
PUBLISHED Jun 6, 2018 05:50 AM

New York City named best city in US

DRUM roll, please: In a just-released ranking of the best cities in America, the decisive...
PUBLISHED Jun 6, 2018 05:50 AM

EXECUTIVE MONEY

Pimco rises under new team

THE sun hasn't yet lit up the California sky when Daniel Ivascyn and Emmanuel "...
PUBLISHED Jun 6, 2018 05:50 AM

Indonesia's coming digital disruption

INDONESIA'S digital economy is set to boom, helping its overall economy expand from...
PUBLISHED Jun 6, 2018 05:50 AM

OPINION

Global inequality reveals policy failings

THE wealth gap, often measured as a comparison between the top 1 per cent and the rest,...
PUBLISHED Jun 6, 2018 05:50 AM
THE BOTTOM LINE

Africa is China's success story

THE decision of Burkina Faso, a landlocked country in west Africa, to sever diplomatic...
PUBLISHED Jun 6, 2018 05:50 AM
EDITORIAL

UK action against Russian oligarchs bears consequences for economy

THE British government's threats and actions against Russian oligarchs could bring...
PUBLISHED Jun 6, 2018 05:50 AM

How to survive a trade war

IS it on? Is it off? Should I care? What can I do? Anyone in Singapore whose business...
PUBLISHED Jun 6, 2018 05:50 AM
COMMENTARY

When democracy goes wrong

FROM the very beginning of the American experiment, Alexander Hamilton, one of the new...
PUBLISHED Jun 6, 2018 05:50 AM
COMMENTARY

Harnessing technology's transformative power for all

WHAT is technology? We often think of it as the new stuff like self-driving cars or voice...
PUBLISHED Jun 6, 2018 05:50 AM

BREAKING NEWS

Jun 25, 2018 10:09 PM

India's Jet Airways says to buy additional 75 Boeing 737 Max jets

[NEW DELHI] Jet Airways said on Monday it has agreed with Boeing to purchase 75 of its 737 MAX aircraft, as the Indian...
Jun 25, 2018 09:47 PM

US: Wall Street opens lower as trade fears weigh

[BENGALURU] Wall Street's main indexes opened lower on Monday as a move to curb Chinese investments in US...
Jun 25, 2018 09:14 PM

Thailand signals election could be delayed until May

[BANGKOK] Thailand will hold a general election by May 5 next year, a deputy prime minister said on Monday, signalling...
Jun 25, 2018 09:07 PM

SPH Reit takes S$45m loan to partially finance The Rail Mall purchase

SPH REIT Management, as manager of SPH Reit, has announced that it is taking out a three-year incremental facility loan...
Jun 25, 2018 08:57 PM

Amid Arab boycott, Qatar's new friends find rich openings

[DOHA] Six months ago Serkan Ucar arrived in Doha to scope out business opportunities - away from his usual patch. The...
Jun 25, 2018 08:38 PM

Grandmaster in a flash: Indian prodigy chess champ at 12

[NEW DELHI]  A 12-year-old Indian boy described as "unstoppable" by his proud father has become the world...
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