Thursday, Jun 07, 2018

TOP STORIES

SGX-Bursa link-up risks getting the chop

THE fate of an end-to-end link between the Singapore Exchange (SGX) and Bursa Malaysia,...
PUBLISHED Jun 7, 2018 05:50 AM
BT EXCLUSIVE

Ex-Temasek banker emerging as active fintech investor

AN OLD hand in the banking industry has moved quietly into the fintech space, seeing vast...
PUBLISHED Jun 7, 2018 05:50 AM

Singapore's new breed of farmer in Weekend magazine

IF YOU think Singapore is a barren, import-only city with no local produce, look again. A...
PUBLISHED Jun 7, 2018 05:50 AM

Co-working spaces to help EDB match talent, attract foreign firms

THE Economic Development Board (EDB) is in discussions with co-working spaces here,...
PUBLISHED Jun 7, 2018 05:50 AM
TRUMP-KIM SUMMIT

White House wants N Korean leader to commit to disarmament

THE White House wants North Korean leader Kim Jong Un to commit to a timetable to...
PUBLISHED Jun 7, 2018 05:50 AM

Malaysia's central bank governor resigns amid overhaul by new govt

MALAYSIAN Prime Minister Mahathir Mohamad has accepted the resignation of central bank...
PUBLISHED Jun 7, 2018 05:50 AM

Car COEs hit 8-year lows

CERTIFICATES of entitlement (COE) for cars ended at their lowest in as long as eight...
PUBLISHED Jun 7, 2018 05:50 AM

Ascendas-Singbridge, Temasek to invest 20b rupees in Indian logistics, industrial centres

ASCENDAS-SINGBRIDGE and principal investor Temasek will together invest some 20 billion...
PUBLISHED Jun 7, 2018 05:50 AM
BT EXCLUSIVE

Joel Robuchon Restaurant to close; only establishment in Singapore with 3 Michelin stars

SINGAPORE will lose its only three Michelin-starred restaurant when the iconic Joel...
PUBLISHED Jun 7, 2018 05:50 AM
NEW INVESTMENTS

Continental opens its third R&D building in Singapore

TECHNOLOGY company and automotive supplier Continental has opened its third research and...
PUBLISHED Jun 7, 2018 05:50 AM
NEW INVESTMENTS

Faster, more accurate diagnoses and treatments at new cancer centre

A NEW oncology centre has been set up to address the rising number of people diagnosed...
PUBLISHED Jun 7, 2018 05:50 AM
COMMENTARY

A cornerstone of Singapore banks' digital transformation is the use of AI to enhance customer experience

IT'S NO secret that Singapore prides itself on being an early adopter of...
PUBLISHED Jun 7, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Bold 'open banking' concept prompts bigger questions on transparency

A FEW weekends ago, this reporter was spending time hunched over a laptop, trying to...
PUBLISHED Jun 7, 2018 05:50 AM

ComfortDelGro taxi bookings up 9% y-o-y in May after Uber's exit

TRANSPORT company ComfortDelGro on Wednesday said it has witnessed an uptick in taxi...
PUBLISHED Jun 7, 2018 05:50 AM

TTJ profit up 27% at S$3m in Q3, revenue jumps 71%

STRUCTURAL steel fabricator TTJ Holdings has posted a net profit of S$3.05 million in the...
PUBLISHED Jun 7, 2018 05:50 AM

UK banks face Brexit blow in France's tilt at MiFID rules

FRANCE is proposing a rule change that would make life a lot harder for UK banks after...
PUBLISHED Jun 7, 2018 05:50 AM

Acesian Star, Takenaka proceeding for arbitration over T4 dispute

ACESIAN Star - a wholly-owned subsidiary of Catalist-listed Acesian Partners - and...
PUBLISHED Jun 7, 2018 05:50 AM

Best performers in May were consumer discretionary stocks

MAY was a weak month for stocks across most sectors in general, although the consumer...
PUBLISHED Jun 7, 2018 05:50 AM

Credit Suisse paying US$47m to resolve US Dept of Justice's Asia probe

CREDIT Suisse Group AG has agreed to pay a US$47 million penalty to the US Department of...
PUBLISHED Jun 7, 2018 05:50 AM

Shares in Thailand's Minor jump on debt financing plan for NH Hotel deal

SHARES in Minor International Pcl surged on Wednesday after it said it would look to debt...
PUBLISHED Jun 7, 2018 05:50 AM

Corporate digest

AUSGROUP will be conducting its second informal meeting with noteholders on June 18 in...
PUBLISHED Jun 7, 2018 05:50 AM
STOCKS

STI dips 0.4% amid lack of direction

WEDNESDAY'S trading session, which finished below water, just about erased all of...
PUBLISHED Jun 7, 2018 05:50 AM

Brokers' take

Apac Realty has proposed to acquire a commercial property at Lorong 6 Toa Payoh for S$72...
PUBLISHED Jun 7, 2018 05:50 AM
CURRENCIES

Euro rallies on talks of ECB ending stimulus programme

THE euro rose to a 10-day high on Wednesday after officials said the European Central...
PUBLISHED Jun 7, 2018 05:50 AM

REAL ESTATE

Three freehold plots up for sale

THREE freehold plots, two of which are in prime districts, have been launched for sale,...
PUBLISHED Jun 7, 2018 05:50 AM

Airbnb culls Japan listings ahead of new rental law

RENTAL platform Airbnb has suspended a large majority of its listings in Japan ahead of a...
PUBLISHED Jun 7, 2018 05:50 AM

FEC International buys Royal Oak Residence for S$93m

HOT on the heels of other recent property dealings here in the prime district, Hong Kong-...
PUBLISHED Jun 7, 2018 05:50 AM

Brexit puts a ceiling on London housing demand, prices

PRICE rises in Britain's overvalued housing market will lag inflation this year and...
PUBLISHED Jun 7, 2018 05:50 AM

Tianjin vows to fight property speculation despite growth woes

CHINA'S growth-starved city of Tianjin will increase scrutiny of home buyers and...
PUBLISHED Jun 7, 2018 05:50 AM

Shenzhen to cap private homes at 40% of supply

THE Chinese southern boomtown of Shenzhen, famed for its eye-watering home prices, has...
PUBLISHED Jun 7, 2018 05:50 AM

More Hawaiian homes destroyed by lava flow

A GROWING river of molten rock flowing from a fissure at the foot of Kilauea volcano is...
PUBLISHED Jun 7, 2018 05:50 AM

'Proptech' firms angle for riches in US real estate

NEW technology such as machine-learning algorithms coupled with improved heating and...
PUBLISHED Jun 7, 2018 05:50 AM

BANKING & FINANCE

Default risk in Asia on the rise as states allow failures

ASIAN companies face increased risk of default as politicians in the region accept more...
PUBLISHED Jun 7, 2018 05:50 AM

Macron's dream of banking union out of reach

EUROPEAN leaders will meet in Brussels at the end of June to discuss how much deeper to...
PUBLISHED Jun 7, 2018 05:50 AM

Russian central bank eyes assets of troubled banks' owners in return for bailouts

THE Russian central bank, which has spent over US$40 billion to bail out three banks in...
PUBLISHED Jun 7, 2018 05:50 AM

Indonesian central bank says no plan for capital controls

INDONESIA'S central bank has no plan to implement capital controls to support the...
PUBLISHED Jun 7, 2018 05:50 AM

ENERGY & COMMODITIES

China steel exporters chase buyers in Africa, South America

CHINESE steelmakers are seeking new export destinations in Africa and South America as...
PUBLISHED Jun 7, 2018 05:50 AM

China smashes steel gangs operating 4.8b yuan export scam

CHINA has detained 245 people after a nationwide raid of gangs suspected of illegally...
PUBLISHED Jun 7, 2018 05:50 AM

Freeport, Indonesia at loggerheads over mine's waste disposal methods

EVERY year, Freeport-McMoRan Inc dumps tens of millions of tonnes of mining waste into...
PUBLISHED Jun 7, 2018 05:50 AM

TECHNOLOGY

Facebook says China phone makers given access to data

FACEBOOK on Tuesday confirmed that a Chinese phone maker deemed a national security...
PUBLISHED Jun 7, 2018 05:50 AM

Japanese 'drone-brella' is a flying sunshade

IT'S the hands-free experience you never knew you needed - a Japanese company has...
PUBLISHED Jun 7, 2018 05:50 AM

US may need to adopt China's weapons to win tech war

BEHIND the daily skirmishes over tariffs, the US and China are gearing up for a longer-...
PUBLISHED Jun 7, 2018 05:50 AM

Microsoft expands programme for women returning to work after complaints of discrimination

MICROSOFT Corp is expanding a programme designed to increase its hiring of women seeking...
PUBLISHED Jun 7, 2018 05:50 AM

CONSUMER

Plastics still pose a problem for Singapore

AS COUNTRIES around South-east Asia struggle to cope with growing piles of plastic and...
PUBLISHED Jun 7, 2018 05:50 AM
OBITUARY

Kate Spade: Designer who defined an era

BUYING a Kate Spade handbag was a coming-of-age ritual for a generation of American women...
PUBLISHED Jun 7, 2018 05:50 AM

Ebola outbreak may open door to finding drugs that work

AS ANOTHER outbreak of Ebola claims lives in central Africa, researchers are seeing...
PUBLISHED Jun 7, 2018 05:50 AM

TRANSPORT

Honda to start selling HondaJet in Japan in 2019

HONDA Motor on Wednesday said it would start selling its six-seater business jet in Japan...
PUBLISHED Jun 7, 2018 05:50 AM

Tesla's second 'Gigafactory' to be located in Shanghai

TESLA on Tuesday revealed to shareholders that it is working with officials in China to...
PUBLISHED Jun 7, 2018 05:50 AM

Elon Musk wins vote to stay on as chairman, says Tesla 'quite likely' to meet Model 3 goal

TESLA Inc chief executive Elon Musk said on Tuesday that a goal of building 5,000 Model...
PUBLISHED Jun 7, 2018 05:50 AM

Honeywell to make flying safer by decoding accents in India

WITH more than 100 languages and the ambition to connect even its smallest villages by...
PUBLISHED Jun 7, 2018 05:50 AM

Qatar Air boss apologises for saying CEO job must be held by a man

QATAR Airways chief executive officer Akbar Al Baker, who said his job was too difficult...
PUBLISHED Jun 7, 2018 05:50 AM

GOVERNMENT & ECONOMY

China's trade with N Korea set to soar with Trump-Kim deal

IN the Chinese border town of Hunchun, garment factories gladly employ squads of North...
PUBLISHED Jun 7, 2018 05:50 AM

As China bans foreign trash, S-E Asia profits

GIANT bales of recycled paper and plastic are piling up across the United States. Six...
PUBLISHED Jun 7, 2018 05:50 AM

ECB to debate ending bond buys next week: official

THE European Central Bank will debate next week whether to end bond purchases later this...
PUBLISHED Jun 7, 2018 05:50 AM

Global growth is set to ebb: World Bank

GLOBAL growth is set to slow over the next two years as central banks raise borrowing...
PUBLISHED Jun 7, 2018 05:50 AM

Australia posts strongest growth in 2 years, extends recession-free run

AUSTRALIA lived up to its "lucky country" nickname on Wednesday, posting the...
PUBLISHED Jun 7, 2018 05:50 AM

UK's Labour tries to force new single market deal, put pressure on PM

THE opposition Labour Party has thrown down the gauntlet to Prime Minister Theresa May on...
PUBLISHED Jun 7, 2018 05:50 AM

India hikes rates for first time in 4 years

INDIA'S central bank raised interest rates for the first time in over four years on...
PUBLISHED Jun 7, 2018 05:50 AM

LIFE & CULTURE

COMMENTARY: WORLD CUP 2018

Football cheats beware, the video assistant referee is watching

IT was a summer of discontent for me 36 years ago in sunny Spain.
PUBLISHED Jun 7, 2018 05:50 AM

Five places where football fans can catch World Cup matches

IF you want to enjoy the World Cup action but just don't feel like forking out S$112...
PUBLISHED Jun 7, 2018 05:50 AM

Mayweather heads Forbes' sports money list

BOXER Floyd Mayweather reclaimed his place at the top of Forbes' annual ranking of...
PUBLISHED Jun 7, 2018 05:50 AM

OPINION

EDITORIAL

More supply, rule change needed to solve executive condo crunch

THE executive condominium (EC) market is experiencing a supply crunch at a time when the...
PUBLISHED Jun 7, 2018 05:50 AM

Dollar crisis on the horizon

A PIVOTAL element of the global economy is whether the international monetary system...
PUBLISHED Jun 7, 2018 05:50 AM
THE BOTTOM LINE

If Trump shoots himself in the foot, the EU doesn't have to

THE first salvo in the transatlantic trade war has now been fired by the United States,...
PUBLISHED Jun 7, 2018 05:50 AM

Iran and North Korea: trick or treat?

SYRIA'S Bashar al-Assad is begging for a trip to Pyongyang as Donald Trump prepares...
PUBLISHED Jun 7, 2018 05:50 AM
COMMENTARY

Trump is making G-7 the toughest in years

THE G-7 presidents and prime ministers meet in Canada on Friday and Saturday in what is...
PUBLISHED Jun 7, 2018 05:50 AM
COMMENTARY

Have we hit peak trade?

GLOBAL trade has surged over the past 25 years. People are trading with one another more...
PUBLISHED Jun 7, 2018 05:50 AM

BREAKING NEWS

Jun 18, 2018 10:24 AM

London house prices continue descent as buying season ends

[LONDON] London house prices fell the most since the beginning of the year in June as the capital's property...
Jun 18, 2018 10:06 AM

Ascendas Hospitality Trust to buy three Osaka hotels for 10.29b yen

ASCENDAS Hospitality Trust has on June 15 entered into an agreement with ES-CON Japan via Ascendas Hospitality Real...
Jun 18, 2018 10:01 AM

Hong Kong, Shanghai, Taipei, Jakarta: Markets closed for holidays

[HONG KONG] Financial markets in Hong Kong, Shanghai, Taipei and Jakarta are closed on Monday for public holidays.
Jun 18, 2018 09:50 AM

Several feared dead after strong earthquake hits near Osaka in western Japan

[TOKYO] Several people were feared dead, including a nine-year-old girl, after a strong quake shook the city of Osaka...
Jun 18, 2018 09:42 AM

Asia: Shares fall as US-China trade spat intensifies; oil extends losses

[TOKYO] Asian shares retreated on Monday after US President Donald Trump cranked up trade tensions with China by going...
Jun 18, 2018 09:34 AM

Singapore shares decline at Monday's open; STI down 0.68% to 3,334.04

SINGAPORE stocks opened weaker on Monday, with the Straits Times Index heading down 0.68 per cent or 22.69 points to 3,...
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