Thursday, Jul 05, 2018

TOP STORIES

MAS warning of 'euphoria' puts Singapore property market on notice

SINGAPORE's hot property market has been put on notice. For the second time in eight...
PUBLISHED Jul 5, 2018 05:50 AM

Horizon Towers back on collective sale market with S$1.1b reserve price

IN 2009, the S$500 million collective sale bid of Horizon Towers fell apart following a...
PUBLISHED Jul 5, 2018 05:50 AM

What we'll be eating next, in Weekend magazine

IF THE THOUGHT of a silky-smooth poached chicken served with fragrant ginger-garlic rice...
PUBLISHED Jul 5, 2018 05:50 AM
BT EXCLUSIVE

Loh Lik Peng sells Wanderlust Hotel

WANDERLUST Hotel along Dickson Road in the Little India Conservation Area, is changing...
PUBLISHED Jul 5, 2018 05:50 AM
MAS ANNUAL REVIEW

Singapore's growth should hold steady in 2018 despite rising trade friction: MAS chief

SINGAPORE's economy should continue to expand in 2018 although protectionism risks...
PUBLISHED Jul 5, 2018 05:50 AM
MAS ANNUAL REVIEW

Net increase of 7,800 jobs in financial industry in last 2 years: MAS

THE number of net jobs created for Singapore's financial industry is set to exceed...
PUBLISHED Jul 5, 2018 05:50 AM
MAS ANNUAL REVIEW

Official reserves grew S$8.5b in FY2017/18

THE official foreign reserves (OFR) gained S$8.5 billion for FY2017/18, the Monetary...
PUBLISHED Jul 5, 2018 05:50 AM

Main car COE falls to eight-year-low of $25,000

CERTIFICATE of entitlement (COE) prices ended lower in the latest tender Wednesday, with...
PUBLISHED Jul 5, 2018 05:50 AM

Najib pleads not guilty to CBT charges

JUST eight weeks after losing an election, former Malaysian prime minister Najib Razak...
PUBLISHED Jul 5, 2018 05:50 AM
INNOVATION PUSH

CAAS announces initiatives, collaboration efforts to ramp up industry transformation

THE Civil Aviation Authority of Singapore (CAAS) is rolling out new initiatives and...
PUBLISHED Jul 5, 2018 05:50 AM
INNOVATION PUSH

SPH launches Innovation Day as it steps up its transformation drive

PEOPLE looking for renovation contractors and piano teachers often go online to look for...
PUBLISHED Jul 5, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

OCBC can find China sweet spot in Asean

WHEN the S$6.3 billion acquisition of Wing Hang Bank was first announced by OCBC in 2014...
PUBLISHED Jul 5, 2018 05:50 AM

Midas board flags suspicion over seal, signings in loan papers

THE board of troubled railway parts maker Midas Holdings has raised suspicions over the...
PUBLISHED Jul 5, 2018 05:50 AM

Equity bulls abandoning HK as China turmoil mounts

VALUATIONS have cratered, earnings estimates are down and forecasters are slashing their...
PUBLISHED Jul 5, 2018 05:50 AM

Vallianz proposes 30-to-1 share consolidation

OFFSHORE support vessel owner and operator, Vallianz Holdings, has proposed to...
PUBLISHED Jul 5, 2018 05:50 AM

Aviva Investors appoints new head of institutional sales for Asia from rival AXA IM

AVIVA Investors, the global asset management business of insurer Aviva plc, has appointed...
PUBLISHED Jul 5, 2018 05:50 AM

Danske Bank's Estonian operations allegedly used to launder US$8.3b

DANSKE Bank A/S's Estonian operations may have been used to launder as much as US$8...
PUBLISHED Jul 5, 2018 05:50 AM

Corporate digest

GROUND engineering solutions firm Ryobi Kiso Holdings said it and its unit have received...
PUBLISHED Jul 5, 2018 05:50 AM

Sainsbury's puts sales growth slowdown down to price cuts

SAINSBURY'S, Britain's second biggest supermarket group, said sales growth...
PUBLISHED Jul 5, 2018 05:50 AM
STOCKS

STI closes 0.3% up, bucking Asian trend

BUCKING the falling trend across key Asian markets, the Straits Times Index (STI) rose 0...
PUBLISHED Jul 5, 2018 05:50 AM

Brokers' take

We reiterate "buy", with a target price of S$3.59 reflecting an 18 per cent...
PUBLISHED Jul 5, 2018 05:50 AM
CURRENCIES

Euro falls; yuan rebounds on central bank action

THE euro fell on Wednesday as a weaker purchasing managers' confidence in the bloc...
PUBLISHED Jul 5, 2018 05:50 AM

REAL ESTATE

Real estate bad loans set to go up, says China state researcher

SIGNS of pressure on China's property market are deepening, with a report saying...
PUBLISHED Jul 5, 2018 05:50 AM

A new world where art, property collide

TEN years ago, when New World Development Co vice-chairman and heir apparent Adrian Cheng...
PUBLISHED Jul 5, 2018 05:50 AM

European tourist cities hit back as Airbnb turns 10

FACING competition from Airbnb, which will celebrate a decade this summer, top European...
PUBLISHED Jul 5, 2018 05:50 AM

Hungary to drop lower VAT rate on new homes

HUNGARY will drop a reduced value-added tax rate on new homes at the end of 2019 as...
PUBLISHED Jul 5, 2018 05:50 AM

Manhattan's spring market offered sellers few bright spots

SPRINGTIME in Manhattan was far from sunny for home sellers, as inventory increased,...
PUBLISHED Jul 5, 2018 05:50 AM

IMF urges NZ govt to reconsider ban on foreign home buyers

THE International Monetary Fund (IMF) called on New Zealand to reconsider a controversial...
PUBLISHED Jul 5, 2018 05:50 AM

BANKING & FINANCE

China's central bank faces policy bind over debt, growth goals

CHINA'S central bank is caught in a bind, as it seeks to tighten monetary policy for...
PUBLISHED Jul 5, 2018 05:50 AM

Australia flags debt trap, tightens credit rules

THE Australian Securities and Investments Commission (Asic) said on Wednesday it plans to...
PUBLISHED Jul 5, 2018 05:50 AM

ENERGY & COMMODITIES

Russian oil faces next challenge after Opec deal

RUSSIA'S deal with the Organization of the Petroleum Exporting Countries (Opec) on...
PUBLISHED Jul 5, 2018 05:50 AM

Power and energy sectors top M&As in H1 in clean energy drive

A HISTORIC peak in global mergers and acquisitions (M&As) in the first half of 2018...
PUBLISHED Jul 5, 2018 05:50 AM

TECHNOLOGY

PUB to tackle energy use and sludge generation in water treatment

WITH the search for new water sources reaching its limits, Singapore is setting its...
PUBLISHED Jul 5, 2018 05:50 AM

Partnership with govt, society needed to combat fake news, WhatsApp tells India

FACEBOOK Inc's WhatsApp messenger service has responded to a call from India's...
PUBLISHED Jul 5, 2018 05:50 AM

CONSUMER

WORLD CUP 2018

Nike on track to outrun arch-rival adidas in Russia

IN A World Cup brimming with upsets, Nike looks on track to defeat its arch-rival adidas...
PUBLISHED Jul 5, 2018 05:50 AM
WORLD CUP 2018

All of a flutter: Chinese bet big on World Cup

AT A RUN-DOWN, smoky betting shop in downtown Shanghai, hordes of young men cluster...
PUBLISHED Jul 5, 2018 05:50 AM

Japan online fashion store unveils e-bodysuit to give the perfect fit

JAPAN'S largest e-commerce company is betting that it has found the key to selling...
PUBLISHED Jul 5, 2018 05:50 AM

TRANSPORT

Seletar's new passenger terminal to open in Dec

A NEW S$80 million passenger terminal will open at Seletar Airport in December to provide...
PUBLISHED Jul 5, 2018 05:50 AM

US car sales mostly up through June as larger vehicles reign

LEADING carmakers on Tuesday reported mostly higher US sales for the first half of 2018,...
PUBLISHED Jul 5, 2018 05:50 AM

Trump may have to turn to foreign bike companies to spite Harley

PRESIDENT Donald Trump added fuel to his feud with Harley-Davidson Inc by claiming he is...
PUBLISHED Jul 5, 2018 05:50 AM

ANA cancelling 113 flights to inspect engines

JAPANESE airline ANA Holdings Inc said it will cancel 113 domestic flights between July 6...
PUBLISHED Jul 5, 2018 05:50 AM

Minimum seat size dodged as FAA sees no safety issues

HOPES for more legroom in increasingly cramped airplane cabins were dashed when US...
PUBLISHED Jul 5, 2018 05:50 AM

GOVERNMENT & ECONOMY

Malaysia suspends major Belt and Road rail project construction

THE project owner of Malaysia's US$20 billion East Coast Railway Link has told its...
PUBLISHED Jul 5, 2018 05:50 AM

Wage growth 'missing in action', workers dissatisfied: OECD

THE weak wage growth that's characterised global labour markets since the financial...
PUBLISHED Jul 5, 2018 05:50 AM

China's ambitions in eastern Europe to face scrutiny at summit

CHINA meets central and eastern European leaders on Saturday for a summit where Beijing...
PUBLISHED Jul 5, 2018 05:50 AM

LIFE & CULTURE

COMPANY OF GOOD

Teaching kids to be savvy with money

PRUDENTIAL Singapore's commitment to corporate social responsibility initiatives are...
PUBLISHED Jul 5, 2018 05:50 AM

Canon appoints Joseph Schooling as its new face

OLYMPIC champion Joseph Schooling has inked a three-year deal with Canon as its new brand...
PUBLISHED Jul 5, 2018 05:50 AM
WORLD CUP 2018

Top guns primed for quarter showdowns

ENGLAND became the eighth and final team to qualify for the World Cup quarter-finals...
PUBLISHED Jul 5, 2018 05:50 AM

OPINION

EDITORIAL

Keeping to letter - and spirit - of the law on independence

IN the wake of a recent British parliamentary report lambasting the country's audit...
PUBLISHED Jul 5, 2018 05:50 AM

The long march of the Mei NĂ¼

SO, THE Trump-Kim Summit has successfully concluded in Singapore, with the Leader of the...
PUBLISHED Jul 5, 2018 05:50 AM
THE BOTTOM LINE

Facebook not the only one that needs examination, regulation

OVER the past several months, there has been an onslaught of alarming news about Facebook...
PUBLISHED Jul 5, 2018 05:50 AM

For some Democrats, being anti-Trump may not be enough

THE election of Barack Obama as US president in 2008 came as a major blow to the leaders...
PUBLISHED Jul 5, 2018 05:50 AM
COMMENTARY

Exercise 'creative intelligence' to reap ROI on Big Data

THE immensity of Big Data is undeniable. When almost everything we do leaves a digital...
PUBLISHED Jul 5, 2018 05:50 AM

The ugly side of reciprocity: The trade war with the United States' partners gets hotter

THE trade war that US President Donald Trump has launched on the United States' most...
PUBLISHED Jul 5, 2018 05:50 AM

BREAKING NEWS

Jul 20, 2018 07:10 AM

Poundworld to close all stores costing thousands of jobs

[LONDON] Bankrupt British retailer Poundworld will close all of its remaining stores as well as its distribution centre...
Jul 20, 2018 07:08 AM

US intel chief: 'I don't know' what Trump, Putin discussed

[WASHINGTON] The top US intelligence official said Thursday that, three days after President Donald Trump met privately...
Jul 20, 2018 07:06 AM

Comcast concedes to Disney in bidding war for Fox assets

[NEW YORK] Comcast Corp dropped its US$66 billion (S$90.4 billion) bid for Twenty-First Century Fox Inc's...
Jul 20, 2018 06:58 AM

Auto industry pleads against new Trump tariffs

[WASHINGTON] The auto industry pleaded Thursday with US President Donald Trump's administration to reject tariffs...
Jul 20, 2018 06:55 AM

Russia, China urge delay as US seeks to cut off oil to North Korea

[UNITED NATIONS, United States] Russia and China on Thursday put a six-month hold on a request from the United States...
Jul 20, 2018 06:47 AM

US expects to restart Nafta talks soon: commerce secretary

[WASHINGTON] Talks to revamp the North American Free Trade Agreement could resume shortly, US Commerce Secretary Wilbur...
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