Wednesday, Jun 20, 2018

TOP STORIES

Court gives Hyflux 6-month break from creditors; company in search of S$200m rescue financing

A SINGAPORE High Court has granted Hyflux a six-month lifeline to stave off creditors.
PUBLISHED Jun 20, 2018 05:50 AM

SMEs still upbeat about rest of the year, but trade tensions weigh on sentiment

SINGAPORE'S small and medium-sized enterprises (SMEs) remain upbeat about their...
PUBLISHED Jun 20, 2018 05:50 AM

Singapore relinquishes top spot in digital-competitiveness ranking

SINGAPORE has slid from first to second place in a digital competitiveness ranking of 63...
PUBLISHED Jun 20, 2018 05:50 AM
TRADE TENSIONS

AmCham S'pore urges US to join trans-Pacific trade pact

THE American Chamber of Commerce in Singapore (AmCham Singapore) has called on the United...
PUBLISHED Jun 20, 2018 05:50 AM

Civil servants to get half-month mid-year bonus, one-off payments of S$300-S$500

CIVIL servants will receive a mid-year bonus of half-a-month's pay in July, the same...
PUBLISHED Jun 20, 2018 05:50 AM
TRADE TENSIONS

China vows retaliation as Trump targets US$200b in tariffs

TRADE tensions between the world's two biggest economies have intensified, with...
PUBLISHED Jun 20, 2018 05:50 AM

Wah Loon founder buys Boat Quay shophouse

WAH LOON Engineering founder Alan Chong, who recently bought a new freehold bungalow in...
PUBLISHED Jun 20, 2018 05:50 AM

SP Group calls for tenders to build charging grid for electric vehicles

DRIVE your electric vehicle (EV) to the mall and leave with a fully-charged battery in...
PUBLISHED Jun 20, 2018 05:50 AM

Mahathir government eyes multiple charges against Najib over 1MDB

EMBEZZLEMENT and bribery involving government money are among the charges Malaysia is...
PUBLISHED Jun 20, 2018 05:50 AM

COMPANIES & MARKETS

BigTech entry into wealth management could draw up to US$12t: Capgemini

AS MUCH as US$12 trillion in wealth could move to "BigTech" firms like Amazon,...
PUBLISHED Jun 20, 2018 05:50 AM
NEWS ANALYSIS

Pacific Radiance to sweeten the latest offer: observers

PACIFIC Radiance has improved on its second proposal tabled this year for the...
PUBLISHED Jun 20, 2018 05:50 AM
HOCK LOCK SIEW

Malaysia Inc reform mustn't become a witch-hunt

"THIS page is being updated" appears innocuously under the "Leadership...
PUBLISHED Jun 20, 2018 05:50 AM

UK department store chain Debenhams suffers 20% price fall after profit warning

BRITISH department store chain Debenhams issued a profit warning on Tuesday, sparking a...
PUBLISHED Jun 20, 2018 05:50 AM

Top Glove Q3 profit up 51.4% on higher revenue

RUBBER glove manufacturer Top Glove Corp's third-quarter net profit rose 51.4 per...
PUBLISHED Jun 20, 2018 05:50 AM

Corporate digest

CHINA Aviation Oil (S) Corp (CAO) plans to divest its equity stake in a petrochemical-...
PUBLISHED Jun 20, 2018 05:50 AM
STOCKS

US-China trade spat deepens market woe

W ITH a fresh set of global trade tariff threats announced just before the opening bell,...
PUBLISHED Jun 20, 2018 05:50 AM

Brokers' take

We like AIMS AMP Capital Industrial Reit (AA Reit) for its diversified asset portfolio...
PUBLISHED Jun 20, 2018 05:50 AM
CURRENCIES

Dollar hits 11-month high amid further US tariffs

THE dollar rose to an 11-month high on Tuesday and the euro slumped after US President...
PUBLISHED Jun 20, 2018 05:50 AM

REAL ESTATE

CapitaLand bags 2 mall management deals in China

PROPERTY group CapitaLand has clinched two new mall management contracts in the Chinese...
PUBLISHED Jun 20, 2018 05:50 AM

Sizzling Amsterdam housing market pushes people to other cities

WHEN Michel Oosterman became a dad last year, he was forced to say goodbye to Amsterdam.
PUBLISHED Jun 20, 2018 05:50 AM

Property crisis looms in US due to sea level rise

ALONG Florida's sun-splashed shorelines, home prices are on the rise, developers are...
PUBLISHED Jun 20, 2018 05:50 AM

BANKING & FINANCE

US banks seen boosting shareholder payouts by US$30b despite stress tests

HARSHER Federal Reserve stress tests this year won't stop US banks from increasing...
PUBLISHED Jun 20, 2018 05:50 AM

PBOC calls for cut in banks' reserve ratios, fuelling talk of easing

CHINA should appropriately cut banks' reserve requirement ratios (RRR) to help ease...
PUBLISHED Jun 20, 2018 05:50 AM

China urges lenders 'to support HNA bond issues'

CHINA is easing HNA's glide path. Official pressure on banks could buttress the...
PUBLISHED Jun 20, 2018 05:50 AM

Young people will share data for cheaper premiums

THE majority of people between 18 and 34 would be willing to let insurance companies dig...
PUBLISHED Jun 20, 2018 05:50 AM

ENERGY & COMMODITIES

Oil declines as traders assess Opec compromise and Trump tariffs

OIL dropped below US$66 a barrel as traders assessed the Organization of Petroleum...
PUBLISHED Jun 20, 2018 05:50 AM

Cobalt stocks in China poised for upside as EV boom powers ahead

A SLUMP in cobalt prices and the shares of Chinese refiners may provide an ideal bargain-...
PUBLISHED Jun 20, 2018 05:50 AM

TECHNOLOGY

Kantar opens first Asia R&D hub in Singapore

KANTAR, a WPP-owned global insights consultancy, is collaborating with Singapore Economic...
PUBLISHED Jun 20, 2018 05:50 AM

Rare Japanese unicorn Mercari closes up 77% in market debut

FLEA market app operator Mercari Inc's shares surged 77 per cent in their Tokyo...
PUBLISHED Jun 20, 2018 05:50 AM

Intel has paths around Trump's China tariffs, analysts say

INTEL Corp, the world's biggest chipmaker by revenue and a prominent American...
PUBLISHED Jun 20, 2018 05:50 AM

How an Apple supplier became China's worst performer

BOE Technology Group Co's stock market reversal is dramatic even by China's...
PUBLISHED Jun 20, 2018 05:50 AM

Tesla hit with 'extensive' sabotage by rogue employee: Elon Musk

A DISGRUNTLED Tesla Inc employee broke into the company's manufacturing operating...
PUBLISHED Jun 20, 2018 05:50 AM

CONSUMER

Trump clears way for health plans with lower costs but fewer benefits

THE Trump administration is poised to issue a sweeping rule that makes it easier for...
PUBLISHED Jun 20, 2018 05:50 AM

Roche to pay US$2.4b for rest of genome firm FMI

SWISS drugmaker Roche Holding AG has agreed to pay US$137 per share to buy the rest of...
PUBLISHED Jun 20, 2018 05:50 AM

TRANSPORT

STRAIT TALK

Bunker price rises fuel old debate

REGULAR readers of this column will know that my view of container shipping is that,...
PUBLISHED Jun 20, 2018 05:50 AM

Sentosa shuttles to be protected against cyber attacks

ST Engineering is collaborating with Israeli automotive cyber security startup SafeRide...
PUBLISHED Jun 20, 2018 05:50 AM

German firms grapple with fallout from ageing society

TOO slow, inflexible, forgetful, always off sick - these are some attitudes of older...
PUBLISHED Jun 20, 2018 05:50 AM

GOVERNMENT & ECONOMY

Xi can make life difficult for US companies after Trump threat

CHINA does not import enough from the US to be able to match US President Donald Trump...
PUBLISHED Jun 20, 2018 05:50 AM

ECB will be patient and gradual with rate hikes, says Draghi

THE European Central Bank will be patient in tightening policy further, ECB President...
PUBLISHED Jun 20, 2018 05:50 AM

Theresa May can't accept more Parliament control over Brexit

PRIME Minister Theresa May cannot accept a proposal to hand parliament more control over...
PUBLISHED Jun 20, 2018 05:50 AM

BOE August rate increase in question as UK economy falters

ECONOMISTS are increasingly questioning whether the Bank of England (BOE) will raise...
PUBLISHED Jun 20, 2018 05:50 AM

LIFE & CULTURE

TAKING HEART

Ernst & Young employees cook up a storm to raise funds for SPD

STAFF engagement is still key for Ernst & Young whenever it undertakes corporate...
PUBLISHED Jun 20, 2018 05:50 AM
WORLD CUP 2018

Friendly Russians revel in influx of visiting fans

RUSSIANS in World Cup host cities - some of them remote or industrial towns where...
PUBLISHED Jun 20, 2018 05:50 AM

Paul McCartney turns 76 and teases possible new album, Egypt Station

PAUL McCartney on Monday teased news of Egypt Station - presumed to be the title of his...
PUBLISHED Jun 20, 2018 05:50 AM

EXECUTIVE MONEY

Singapore's protection gap still wide, says AIA chief

SINGAPORE may be a mature insurance market, but it continues to have a large protection...
PUBLISHED Jun 20, 2018 05:50 AM

Investors fret about a trade war, but they aren't fleeing the stock market

AT A CONFERENCE held by a top investment bank in New York last week, attendees were asked...
PUBLISHED Jun 20, 2018 05:50 AM

Rising rates a top concern among Asian financial advisers: survey

THE shift to a rising rate environment may prove to be a difficult transition for...
PUBLISHED Jun 20, 2018 05:50 AM

OPINION

EDITORIAL

KL-Beijing relations being tested but they may be far from testy

IT was an unexpectedly pleasant sight - the hour-long meeting between China's...
PUBLISHED Jun 20, 2018 05:50 AM

'Indo-Pacific' as an idea is unlikely to take

THE 2018 Shangri-La Dialogue in Singapore might as well have been renamed the "Indo-...
PUBLISHED Jun 20, 2018 05:50 AM
THE BOTTOM LINE

Trump is trashing the things that made America great

THE US government is, as a matter of policy, ripping children from the arms of their...
PUBLISHED Jun 20, 2018 05:50 AM

Future of logistics in Singapore 'cannot be more exciting'

ON April 30 this year, the National Trades Union Congress (NTUC) set up the Supply Chain...
PUBLISHED Jun 20, 2018 05:50 AM
COMMENTARY

Digital future needs to be integrated into education system

JILL Watson has been working at Georgia Tech since 2016. She answers the students'...
PUBLISHED Jun 20, 2018 05:50 AM
COMMENTARY

Grab's success lies in its user-centric platform in S-E Asia

THE world's largest carmaker, Toyota, will invest US$1 billion in South-east Asian...
PUBLISHED Jun 20, 2018 05:50 AM

BREAKING NEWS

Aug 21, 2018 08:11 PM

China Gaoxian inks pact to sell loss-making subsidiaries in 204 million yuan deal

YARN supplier China Gaoxian Fibre Fabric Holdings is selling off the loss-making subsidiaries that run its direct melt-...
Aug 21, 2018 07:47 PM

Midas Holdings, directors receive writ of summons in defamation suit

EMBATTLED railway parts maker Midas Holdings and its directors have received a writ of summons from the State Courts...
Aug 21, 2018 07:00 PM

Trade minister unveils plan to make UK export 'superpower'

[LONDON] Britain will bid to become an "exporting superpower" after Brexit, Trade Secretary Liam Fox said on...
Aug 21, 2018 06:32 PM

China-backed rail and pipeline projects cancelled for now: PM Mahathir

[KUALA LUMPUR] Malaysian Prime Minister Mahathir Mohamad said on Tuesday that the Chinese-funded US$20 billion East...
Aug 21, 2018 06:31 PM

Phoenix Heights sold en bloc for S$33.1 million to OKP Holdings associate

AN associate of OKP Holdings has won the tender for the collective sale of 32-unit Phoenix Heights in Bukit Panjang,...
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