Tuesday, Jul 10, 2018

TOP STORIES

BT EXCLUSIVE

UK group in exclusive due diligence for Manulife Centre

BRITISH property group Chelsfield is understood to be effecting exclusive due diligence...
PUBLISHED Jul 10, 2018 05:50 AM
PARLIAMENT

Singapore has spent S$250m so far on high-speed rail

SINGAPORE has already spent more than S$250 million on the Kuala Lumpur-Singapore high-...
PUBLISHED Jul 10, 2018 05:50 AM
PARLIAMENT

Plans for Jurong still intact, no matter how rail project pans out

THE vision for the Jurong Lake District has not changed, regardless of how the high speed...
PUBLISHED Jul 10, 2018 05:50 AM
PARLIAMENT

Bike-sharing companies may have to pay security deposit in future

THE Land Transport Authority (LTA) will consider requiring bike-sharing operators, which...
PUBLISHED Jul 10, 2018 05:50 AM
BT Explains

Flagging down competition for ride hailing

The Competition and Consumer Commission of Singapore (CCCS) last week proposed ways to...
PUBLISHED Jul 10, 2018 05:50 AM
SINGAPORE INTERNATIONAL WATER WEEK

Virtual Singapore project to be ready by end-2018: Tharman

VIRTUAL Singapore, the digital map of the country rendered in virtual reality and based...
PUBLISHED Jul 10, 2018 05:50 AM

What cooling measures? Weekend buyers still flocking to showflats

DESPITE surprise cooling measures that took effect on Friday, sales at three mass-market...
PUBLISHED Jul 10, 2018 05:50 AM

New treatment plant in Tuas to recycle industrial water, turn waste into biogas

MORE than S$5 billion in tenders will be called for a new plant in Tuas that will utilise...
PUBLISHED Jul 10, 2018 05:50 AM
OPINION

Striking a balance between capitalism and intervention

A COUPLE of months ago I was travelling for a series of industry events, and I noticed...
PUBLISHED Jul 10, 2018 05:50 AM

StanChart Singapore names Patrick Lee as its new CEO

STANDARD Chartered Bank has appointed veteran banker Patrick Lee as chief executive...
PUBLISHED Jul 10, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

More visibility needed in renewal of land tenure for industrial Reits

THE government's move to shorten industrial land leases has clearly served its...
PUBLISHED Jul 10, 2018 05:50 AM

Vard IFA reiterates Fincantieri bid 'not fair but reasonable'

VARD'S independent financial adviser CIMB Bank has maintained its recommendation...
PUBLISHED Jul 10, 2018 05:50 AM

Ezra's insolvency behind 'delayed salaries' at Triyards

EMBATTLED Triyards acknowledged on Monday it had to delay salary payments in Vietnam...
PUBLISHED Jul 10, 2018 05:50 AM

Top Glove's stock hit by suit against Aspion's vendors

TOP Glove Corporation alleged that based on an interim report by an independent...
PUBLISHED Jul 10, 2018 05:50 AM

Oxley sold homes worth S$1b; expects 12-19% net margins for new launches

OXLEY Holdings, one of the most highly-geared developers listed in Singapore, has sold S$...
PUBLISHED Jul 10, 2018 05:50 AM

Yanlord Land acquires Hangzhou residential site

REAL EState developer Yanlord Land Group has acquired a prime residential development...
PUBLISHED Jul 10, 2018 05:50 AM

OKP contract to build TPE-PIE viaduct ended

THE Land Transport Authority (LTA) and a unit of homegrown construction company OKP...
PUBLISHED Jul 10, 2018 05:50 AM

Xiaomi's ill-timed debut sows doubt about internet ambitions

XIAOMI Corp's market debut has failed to convince investors that it's capable...
PUBLISHED Jul 10, 2018 05:50 AM

Gaylin to acquire industry peer for S$48.6m

OIL and gas contractor Gaylin Holdings has entered into an agreement on July 7 to acquire...
PUBLISHED Jul 10, 2018 05:50 AM

Keppel, ST Engg team up on smart city developments

KEPPEL Corporation and Singapore Technologies Engineering (ST Engineering) on Monday...
PUBLISHED Jul 10, 2018 05:50 AM

Corporate digest

CATALIST-LISTED Alliance Mineral Assets and Australian-listed Tawana Resources have...
PUBLISHED Jul 10, 2018 05:50 AM
STOCKS

STI rebounds 1.2% to close above 3,200

ASIAN markets rallied on Monday, with the Straits Times Index (STI) closing above the...
PUBLISHED Jul 10, 2018 05:50 AM

Brokers' take

We expect CDL to be one of the worst hit among the developers under our coverage...
PUBLISHED Jul 10, 2018 05:50 AM
CURRENCIES

Yuan strengthens, euro nears 4-week highs

THE Chinese yuan rebounded and the euro rose to its highest since June 14 on Monday as...
PUBLISHED Jul 10, 2018 05:50 AM

Changing hands

Tracking fund flows in the Singapore stock market
PUBLISHED Jul 10, 2018 05:50 AM

REAL ESTATE

AA Reit unveils plans to upgrade NorthTech

THE manager of AIMS AMP Capital Industrial Reit (AA Reit) plans to spend S$13 million to...
PUBLISHED Jul 10, 2018 05:50 AM

Allianz Real Estate putting more in China, eyes new economy, logistics

THE property investment arm of Germany's Allianz SE expects China to account for up...
PUBLISHED Jul 10, 2018 05:50 AM

Chinese investments in Aussie property dive 81% on capital controls

CHINESE investment in Australia's commercial property has plummeted to the lowest...
PUBLISHED Jul 10, 2018 05:50 AM

Little-known China hotel chain is analysts' hot pick

HOTEL-chain operator Huazhu Group is less well-known than the likes of Marriott...
PUBLISHED Jul 10, 2018 05:50 AM

Paris' Lutetia reopens after luxury makeover

THE Lutetia hotel in Paris, favoured by the likes of Picasso and Hemingway, reopens this...
PUBLISHED Jul 10, 2018 05:50 AM

BANKING & FINANCE

Japan bond sale practice hurting banks, investors

WHEN Japan's Denso Corp issued 40 billion yen (S$491 million) of bonds in a recent...
PUBLISHED Jul 10, 2018 05:50 AM

Citigroup, with limited options, hopes to lure deposits digitally

CITIGROUP Inc is facing a unique dilemma among the four largest US banks: it is light on...
PUBLISHED Jul 10, 2018 05:50 AM

ENERGY & COMMODITIES

US farmers caught in middle of trade war with China

TERRY Davidson expects to be farming long after the US-China trade tariffs that took...
PUBLISHED Jul 10, 2018 05:50 AM

UK's ageing nuclear fleet may be outlet for China ambitions

THE possible replacement of the UK's ageing nuclear reactor fleet may offer China...
PUBLISHED Jul 10, 2018 05:50 AM

Tough choices for Implats as platinum prices fall

IMPALA Platinum Holdings Ltd is facing some tough choices as the South African miner...
PUBLISHED Jul 10, 2018 05:50 AM

TECHNOLOGY

Alibaba in talks with BT Group for cloud partnership in Europe push

ALIBABA Group Holding Ltd is in talks with BT Group Plc about a cloud services...
PUBLISHED Jul 10, 2018 05:50 AM

Samsung opens world's largest mobile phone factory in India

SAMSUNG Electronics opened the world's largest mobile phone factory in India, in a...
PUBLISHED Jul 10, 2018 05:50 AM

CONSUMER

China's egg industry shows modernising is the way to go

BEHIND a row of incubators in a new facility in northern China, about 400,000 chicks are...
PUBLISHED Jul 10, 2018 05:50 AM

Fish consumption is rising - and a third of oceans are overfished

A THIRD of the world's oceans are overfished and fish consumption is at an all-time...
PUBLISHED Jul 10, 2018 05:50 AM

TRANSPORT

Air France KLM traffic rises; transport boss touted as new CEO

AIR France KLM, hit by strikes and without a CEO since May, reported higher passenger...
PUBLISHED Jul 10, 2018 05:50 AM

The ultimate form-filling machine: BMW preps vendors for Brexit

BMW makes cars that accelerate to 100 kmh in 3.4 seconds, park themselves, and let you...
PUBLISHED Jul 10, 2018 05:50 AM

Want 683% gains? Buy vintage Porsches, say German bankers

BANKERS in Germany's automotive heartland have a recommendation for investors...
PUBLISHED Jul 10, 2018 05:50 AM

GOVERNMENT & ECONOMY

Markets unfazed over exits in May's inner circle

REMARKABLY, UK currency and stock markets were relatively relaxed about the resignation...
PUBLISHED Jul 10, 2018 05:50 AM

China tells banks to 'significantly' cut lending rates to small businesses

CHINA'S financial regulator has told banks to "significantly cut" lending...
PUBLISHED Jul 10, 2018 05:50 AM

BOJ keeps upbeat view on regional Japan; labour shortages cloud outlook

THE Bank of Japan maintained its upbeat economic assessment for all nine regions of the...
PUBLISHED Jul 10, 2018 05:50 AM

LIFE & CULTURE

WORLD CUP 2018

Stylish French have the tools to oust gritty Belgians

SET those alarm clocks, folks. Believe me, you won't want to miss a second of the...
PUBLISHED Jul 10, 2018 05:50 AM

Ant-Man And The Wasp tops box office

THE Disney/Marvel film Ant-Man And The Wasp swatted away competition over the weekend,...
PUBLISHED Jul 10, 2018 05:50 AM

SME

Creating precious milestones

NOT many people can say that they have a close relationship with their bosses. After all...
PUBLISHED Jul 10, 2018 05:50 AM

Driving an intelligent future with AI

ARTIFICIAL intelligence (AI) is rapidly evolving from being just a science fiction staple...
PUBLISHED Jul 10, 2018 05:50 AM

OPINION

EDITORIAL

US-China trade feud: Both sides seem locked in a Thucydides Trap

THE slow burning trade feud between China and the United States has finally flared into...
PUBLISHED Jul 10, 2018 05:50 AM

Goodbye, legacy cities. Hello, future cityscape

SOUTH-EAST Asia is home to some of the most vibrant megacities in the world such as...
PUBLISHED Jul 10, 2018 05:50 AM
THE BOTTOM LINE

Green is the colour of good business

THE rapid shift to a clean, green global economy is the greatest economic opportunity in...
PUBLISHED Jul 10, 2018 05:50 AM

The economy of the future is circular

BY 2050, there will be almost 10 billion humans on earth - and going on current...
PUBLISHED Jul 10, 2018 05:50 AM
COMMENTARY

Trump to turn guns on Nato at summit

NATO's 29 heads of state and government, from countries with a collective population...
PUBLISHED Jul 10, 2018 05:50 AM

Asean smart city initiatives risk raising their own governance issues

AS THE Asean chair this year, Singapore is proposing an Asean Smart Cities Network (ASCN...
PUBLISHED Jul 10, 2018 05:50 AM

BREAKING NEWS

Dec 19, 2018 07:00 AM

IMF board approves new Ukraine loan package, releases US$1.4b immediately

[WASHINGTON] The International Monetary Fund executive board on Tuesday gave final approval to a new loan package for...
Dec 19, 2018 06:55 AM

Government shutdown threat remains as US Democrats reject Trump bid

[WASHINGTON] Prospects of a partial US government shutdown surged on Tuesday after Democrats rejected what they said...
Dec 19, 2018 06:52 AM

Migration row forces Belgian premier's resignation

[BRUSSELS] Nationalist anger over migration brought down the Belgian government on Tuesday, forcing Prime Minister...
Dec 19, 2018 06:49 AM

Greek lawmakers adopt first post-crisis budget

[ATHENS] Greek lawmakers on Tuesday adopted the first budget free of foreign assistance in almost 10 years, predicting...
Dec 19, 2018 06:48 AM

US offers US$4.5b investment in Central America, Mexico

[WASHINGTON] The United States, hoping to stem migration, said Tuesday it was ready to support US$4.5 billion in...
Dec 19, 2018 06:42 AM

Australian bank regulator to remove cap on interest-only mortgages

[SYDNEY] Australia's banking regulator said on Wednesday it was removing a cap on interest-only loans for...
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