Thursday, Jun 21, 2018

TOP STORIES

Singapore can use less cash and be cheque-free by 2025: Ong Ye Kung

E-PAYMENTS are catching on and the government hopes to further reduce the use of cash and...
PUBLISHED Jun 21, 2018 05:50 AM

Art for a broken world, in the Weekend magazine

IN THIS year's Art Basel, artist Yoko Ono - yes, the widow of slain musician John...
PUBLISHED Jun 21, 2018 05:50 AM

S$5m value in PropNex prospectus for agents' transfer causing a stir

A S$5 MILLION value pegged to PropNex Realty's business takeover agreement with...
PUBLISHED Jun 21, 2018 05:50 AM

PayNow expanding scope to include businesses

FROM August 13, businesses will be able to send and receive funds from customers and...
PUBLISHED Jun 21, 2018 05:50 AM

DBS, Stripe, Visa to power CarouPay

SINGAPORE'S largest bank, DBS, has been confirmed to be a mobile wallet partner of...
PUBLISHED Jun 21, 2018 05:50 AM

M&A appetite in overdrive for oil-and-gas firms: EY

AN EY report on Wednesday said the appetite for mergers and acquisitions (M&A) among...
PUBLISHED Jun 21, 2018 05:50 AM

S-E Asian firms 'see value in data storage for innovation'

DATA storage firm Pure Storage, a New York-listed outfit that counts Singapore chipmaker...
PUBLISHED Jun 21, 2018 05:50 AM

COE prices for cars at eight-year lows

CERTIFICATE of Entitlement (COE) prices for cars continued to tumble at the latest tender...
PUBLISHED Jun 21, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Will SembMarine chairman leave to lead Petronas?

WITH Mahathir Mohamad once again prime minister of Malaysia, there's been much buzz...
PUBLISHED Jun 21, 2018 05:50 AM

Supermarket stocks show defensive performance in 2018

LISTED supermarkets in Singapore have performed comparatively defensively since the end...
PUBLISHED Jun 21, 2018 05:50 AM

Xiaomi targets as much as US$6.1b in HK IPO: sources

CHINESE smartphone maker Xiaomi Corp is planning to raise up to US$6.1 billion from a...
PUBLISHED Jun 21, 2018 05:50 AM

Corporate digest

RHT Health Trust (RHT) has received all outstanding amounts due from Fortis Healthcare...
PUBLISHED Jun 21, 2018 05:50 AM

Asian markets facing 'a disconnect': BlackRock

MARKET sentiment in Asia is cowering under the threat of a trade war between the US and...
PUBLISHED Jun 21, 2018 05:50 AM

Australia's Telstra unveils massive job cuts in strategic reset

AUSTRALIA'S largest telecom firm Telstra Corp Ltd said it would cut a quarter of its...
PUBLISHED Jun 21, 2018 05:50 AM

General Electric loses place in elite Dow Jones Industrial Average

GENERAL Electric Co has lost its spot in the Dow Jones Industrial Average after more than...
PUBLISHED Jun 21, 2018 05:50 AM
COMMENTARY

Maybe the Big Four auditing firms do need breaking up

SIXTEEN years after the Enron scandal, auditing firms are again in the news for their...
PUBLISHED Jun 21, 2018 05:50 AM

SoftBank's Masayoshi Son remakes his inner circle with 3 new appointments

MASAYOSHI Son elevated two SoftBank Group Corp executives and one outsider to his inner...
PUBLISHED Jun 21, 2018 05:50 AM
STOCKS

Bargain hunters lift Singapore shares

SINGAPORE traders have bought on the dip, putting the local market out of its misery on...
PUBLISHED Jun 21, 2018 05:50 AM

Brokers' take

WE remain optimistic for full-year results, as consumer confidence in Indonesia picks up...
PUBLISHED Jun 21, 2018 05:50 AM
CURRENCIES

US dollar hits 11-month high amid trade conflict

THE dollar hit an 11-month high against a basket of its rivals on Wednesday as an...
PUBLISHED Jun 21, 2018 05:50 AM

REAL ESTATE

Holland Drive five-room HDB flat sold for S$1.1 million

A FIVE-room Housing Board flat at Holland Drive has been sold in June for S$1.1 million,...
PUBLISHED Jun 21, 2018 05:50 AM

Rochor Centre's demolition to commence on June 26

ROCHOR Centre will be demolished gradually beginning on June 26, in preparation for the...
PUBLISHED Jun 21, 2018 05:50 AM

Blackstone's first-of-a-kind India IPO confronts rate jitters

ABOUT two years after the Blackstone Group registered India's first real estate...
PUBLISHED Jun 21, 2018 05:50 AM

A construction boom suddenly emerges in Caracas, of all places

YOU can still find a place to enjoy a nice steak dinner in Las Mercedes, the Caracas...
PUBLISHED Jun 21, 2018 05:50 AM

UK construction firms rely heavily on EU workers

MORE than a quarter of London's construction workers come from elsewhere in the...
PUBLISHED Jun 21, 2018 05:50 AM

US housing starts in May approach 11-year high

US HOMEBUILDING surged to a near 11-year high in May amid an acceleration in both single-...
PUBLISHED Jun 21, 2018 05:50 AM

In New Jersey, luxury condos liven up the waterfront

BRUCE Springsteen once defined Asbury Park - a city in New Jersey - as a working-class...
PUBLISHED Jun 21, 2018 05:50 AM

BANKING & FINANCE

Cryptocurrencies fall as Korean exchange reports 35b won theft

CRYPTOCURRENCIES dropped after the second South Korean exchange in as many weeks said...
PUBLISHED Jun 21, 2018 05:50 AM

Tiny central Asian nation - Kyrgyzstan - hoards gold as shield against trade war

WHAT do you do when your two biggest trading partners are embroiled in economic standoffs...
PUBLISHED Jun 21, 2018 05:50 AM

Chinese developers eye US$ bonds even at double-digit coupons

IN WHAT is increasingly a buyer's market for offshore Chinese debt, some of the...
PUBLISHED Jun 21, 2018 05:50 AM

Thailand bucks S-E Asia trend by keeping interest rates on hold

THAILAND'S central bank left its benchmark interest rate unchanged near a record low...
PUBLISHED Jun 21, 2018 05:50 AM

ENERGY & COMMODITIES

US shale producers warn Chinese tariffs would hit energy exports

CHINA'S proposed tariffs on US petroleum imports, part of a mounting trade war...
PUBLISHED Jun 21, 2018 05:50 AM

Iran rejects compromise as Opec heads for battle in Vienna

IRAN put itself on a collision course with Saudi Arabia at this week's Organization...
PUBLISHED Jun 21, 2018 05:50 AM

TECHNOLOGY

Meet the virtual vigilantes who are saving lives

WHEN not detecting intelligence threats to oil rigs and dams, Sergio Caltagirone spends...
PUBLISHED Jun 21, 2018 05:50 AM

China-based campaign breaches satellite, defence firms: Symantec

A SOPHISTICATED hacking campaign launched from computers in China burrowed deeply into...
PUBLISHED Jun 21, 2018 05:50 AM

Silicon Valley-style coding boot camp arrives in Japan

BARELY six months after inaugurating a tiny software-coding boot camp in a basement in...
PUBLISHED Jun 21, 2018 05:50 AM

Amazon's Alexa will now play butler at Marriott hotels

AMAZON.COM Inc said on Tuesday that it has partnered with Marriott International Inc to...
PUBLISHED Jun 21, 2018 05:50 AM

CONSUMER

Strawberries take Singapore towards self-sustainability

SUSTENIR Agriculture's launch of the first commercialised locally grown strawberries...
PUBLISHED Jun 21, 2018 05:50 AM

Japan's casino school enrolment increases in anticipation of IRs

AT a Tokyo casino school, Takuto Saito settled behind a green table and reached for the...
PUBLISHED Jun 21, 2018 05:50 AM

TRANSPORT

European passengers can expect more flight delays by 2040

THE number of European flights delayed by up to two hours is set to increase sevenfold by...
PUBLISHED Jun 21, 2018 05:50 AM

Air India sale plan called off after failing to draw buyers

INDIA has shelved its sale of Air India after failing to attract buyers, local media...
PUBLISHED Jun 21, 2018 05:50 AM

VW, Ford consider teaming up to develop commercial vehicles

VOLKSWAGEN AG and Ford Motor Co are considering a strategic alliance to work together on...
PUBLISHED Jun 21, 2018 05:50 AM

Hyundai ties up with Audi to boost hydrogen cars

HYUNDAI reached a deal with Audi on Wednesday to collaborate on hydrogen car technology,...
PUBLISHED Jun 21, 2018 05:50 AM

GOVERNMENT & ECONOMY

China's economic policy 'threat to world economy'

THE world economy lurched closer to an all-out trade war as the Trump administration...
PUBLISHED Jun 21, 2018 05:50 AM

As Trump punishes trade allies, Europe expands global alliances

EUROPE is building new alliances to counter an increasingly isolationist America as...
PUBLISHED Jun 21, 2018 05:50 AM

Merkel's conservatives warn eurozone budget could split EU

MEMBERS of Chancellor Angela Merkel's conservative bloc opposed to larger financial...
PUBLISHED Jun 21, 2018 05:50 AM

Fed's Powell says jobs market not too tight, repeats case for gradual rate hikes

THE US jobs market does not appear overly tight, and the Federal Reserve should continue...
PUBLISHED Jun 21, 2018 05:50 AM

HK in most 'crisis' danger in next three years, says Nomura

EMERGING markets are in far greater danger of a financial crisis than their developed...
PUBLISHED Jun 21, 2018 05:50 AM

LIFE & CULTURE

COMPANY OF GOOD

AkzoNobel celebrates the power of colour - in useful fashion

AKZONOBEL, being in the paint and coating sector, wants to brighten homes and make cities...
PUBLISHED Jun 21, 2018 05:50 AM
WORLD CUP 2018

Little froth left on Russia's beer sales

FOOTBALL fans from around the world are flocking to Russia's bars, beer gardens and...
PUBLISHED Jun 21, 2018 05:50 AM

OPINION

THE BOTTOM LINE

China digs a trench for US trade siege

IF you're about to start a trade war, best ensure your citizens are in an optimistic...
PUBLISHED Jun 21, 2018 05:50 AM

Manufacturing still matters: 5 reasons why the IMF is wrong

ACCORDING to new research by the International Monetary Fund (IMF), countries need no...
PUBLISHED Jun 21, 2018 05:50 AM
EDITORIAL

Brexit: much at stake for Singapore property investors in UK

OVER the weekend, listed property group Ho Bee Land announced that it was paying £650...
PUBLISHED Jun 21, 2018 05:50 AM

Singapore summit is shifting Asian strategic landscape

MOON Jae-in visits Russia from Thursday to Saturday in the first state visit by a sitting...
PUBLISHED Jun 21, 2018 05:50 AM

Reshaping the workforce through connectivity and intelligence

WE are living in a fast-changing digital world - from new business models to energy and...
PUBLISHED Jun 21, 2018 05:50 AM

US, Europe missing a chance to solve migration

AS THE global number of asylum seekers continues to increase, migration is now a...
PUBLISHED Jun 21, 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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