Friday, Aug 03, 2018

TOP STORIES

DBS trims property loans growth by S$1b; Q2 net up 18%

DBS Group Holdings, the nation's largest mortgage provider, has dialled back its...
PUBLISHED Aug 3, 2018 05:50 AM

The thin green line, in BT Weekend

BANKS, essential as they are to greasing the wheels of the world, face an uneasy...
PUBLISHED Aug 3, 2018 05:50 AM

FundedX platform for 'trading startups' stalls at start line over licensing issue

CROWDFUNDING platform FundedHere has said its new platform FundedX will not be operating...
PUBLISHED Aug 3, 2018 05:50 AM

Asean must stay the course on economic integration, innovation: PM Lee

AS THE rules-based multilateral trading system comes under pressure, Asean has to stay...
PUBLISHED Aug 3, 2018 05:50 AM
CENTRAL BANKS’ CALLS

Bank of England's Carney warns of rates ending up higher depending on Brexit outcomes

BANK of England Governor Mark Carney said on Thursday there were many ways that the...
PUBLISHED Aug 3, 2018 05:50 AM
CENTRAL BANKS' CALLS

Fed leaves key rate intact; says US economy rising at a 'strong rate'

FEDERAL RESERVE officials left US interest rates unchanged and stuck with a plan to...
PUBLISHED Aug 3, 2018 05:50 AM
RIDE-HAILING FIGHT

CCCS's anti-competitive ruling on Grab-Uber merger fair: lawyers

CONTRARY to Grab's view, the ruling by the Competition and Consumer Commission of...
PUBLISHED Aug 3, 2018 05:50 AM

Ryde to offer 'dynamic fixed fares' for taxis by Sept

COMMUTERS who make a booking on the Ryde app can soon get their taxi fares upfront - as...
PUBLISHED Aug 3, 2018 05:50 AM
COMMENTARY

Grab cashes up for a bigger taxi fight

GRAB is arming itself for a long fight. The ride-hailing firm won one big battle earlier...
PUBLISHED Aug 3, 2018 05:50 AM

Manufacturing activity eases in July as trade tensions simmer

The pace of manufacturing activity in Singapore continued to moderate in July for the...
PUBLISHED Aug 3, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Things still hunky-dory for co-working operators, but test will come during a business downturn

LAST year, some watchers of the office-space market were predicting consolidation in the...
PUBLISHED Aug 3, 2018 05:50 AM
HOT STOCK

Hi-P is the next tech play to tumble on sliding earnings

CONSUMER electronics manufacturer Hi-P International's stock slipped 9.45 per cent...
PUBLISHED Aug 3, 2018 05:50 AM

Keppel takes 50% stake in US senior housing firm

KEPPEL Corporation is going into the senior housing sector, with its subsidiary Keppel...
PUBLISHED Aug 3, 2018 05:50 AM

New tax rules eat into Lippo Mall Trust DPU

LIPPO Malls Indonesia Retail Trust (LMIRT) felt the bite from new Indonesian tax rules,...
PUBLISHED Aug 3, 2018 05:50 AM

RHT Health Trust DPU tumbles 18%

RHT Health Trust has reported a distribution per unit (DPU) of 1 Singapore cent for the...
PUBLISHED Aug 3, 2018 05:50 AM

Aviva Singapore's operating profit up 10%

INSURER Aviva Singapore on Thursday reported a 10 per cent increase in operating profit...
PUBLISHED Aug 3, 2018 05:50 AM

OUE Commercial Reit Q2 DPU falls 7.8% to 1.06 cents

LOWER gross revenue and higher net finance costs from borrowing resulted in a 7.8 per...
PUBLISHED Aug 3, 2018 05:50 AM

Temasek extends US$200m credit facility to Rent the Runway

TEMASEK Holdings has extended a US$200 million credit facility to United States clothing...
PUBLISHED Aug 3, 2018 05:50 AM

Singapore, Malaysia indexes face temporary disruption

REAL-TIME values of Singapore and Malaysia's market benchmarks were temporarily...
PUBLISHED Aug 3, 2018 05:50 AM

Scoot to raise fares by 5% as fuel costs bite

RISING fuel costs is prompting budget airline Scoot to up its fares by five per cent from...
PUBLISHED Aug 3, 2018 05:50 AM

A-HTrust's 1Q DPS up 3.1%, lifted by divestment

ASCENDAS Hospitality Trust's (A-HTRUST) distribution per stapled security (DPS) for...
PUBLISHED Aug 3, 2018 05:50 AM

Corporate digest

MEDIA company UnUsUaL Ltd plans to develop and produce Apollo, a show that looks at the...
PUBLISHED Aug 3, 2018 05:50 AM
STOCKS

Singapore market sees widespread losses

THE Singapore bourse was a sea of red on Thursday, as sellers took centrestage.
PUBLISHED Aug 3, 2018 05:50 AM

Brokers' take

Proprietary data analytics capabilities cement its position as a value-adding partner to...
PUBLISHED Aug 3, 2018 05:50 AM
CURRENCIES

Euro, yuan slide amid flare-up in trade tensions

THE euro fell almost half a per cent and the Chinese yuan dropped to a 14-month low on...
PUBLISHED Aug 3, 2018 05:50 AM

REAL ESTATE

Four hotels may have infringed Competition Act

THE Competition and Consumer Commission of Singapore (CCCS) has issued a Proposed...
PUBLISHED Aug 3, 2018 05:50 AM

HDB resale prices dip 0.3% in July, volume up 28%: SRX flash data

RESALE prices of Housing Board (HDB) flats fell 0.3 per cent in July from the month...
PUBLISHED Aug 3, 2018 05:50 AM

Ascendas Reit buys Brisbane business park for A$33.5m

ASCENDAS Reit on Thursday announced the acquisition of a logistics property, Cargo...
PUBLISHED Aug 3, 2018 05:50 AM

China property investors spend less abroad

CHINA'S real estate outbound investment in the first six months fell to its lowest...
PUBLISHED Aug 3, 2018 05:50 AM

From Sydney to New York, cracks showing in property markets

FROM London to Sydney and Beijing to New York, house prices in some of the world's...
PUBLISHED Aug 3, 2018 05:50 AM

UK construction expands at fastest rate in 14 months

JUST hours before the Bank of England raised interest rates for only the second time...
PUBLISHED Aug 3, 2018 05:50 AM

BANKING & FINANCE

BOJ surprises with offer to buy 400b yen of bonds

THE Bank of Japan is showing just what it means by being flexible with bond purchases...
PUBLISHED Aug 3, 2018 05:50 AM

Hong Kong insurance market lures well-educated mainland Chinese

MAY Zhang, a 28-year-old from the southern Chinese city of Shenzhen, holds a master'...
PUBLISHED Aug 3, 2018 05:50 AM

ENERGY & COMMODITIES

Global gold demand falls 6% in H1 on drop in ETF buying

GLOBAL demand for gold fell 6 per cent in the first half of this year due mainly to a...
PUBLISHED Aug 3, 2018 05:50 AM

Green energy producers just installed their first trillion watts

GLOBAL wind and solar developers took 40 years to install their first trillion watts of...
PUBLISHED Aug 3, 2018 05:50 AM

TECHNOLOGY

Google working on censor-friendly search engine for China market

GOOGLE is crafting a search engine that would meet China's draconian censorship...
PUBLISHED Aug 3, 2018 05:50 AM

US Congress passes bill forcing tech firms to disclose software probes

THE US Congress is sending President Donald Trump legislation that would force technology...
PUBLISHED Aug 3, 2018 05:50 AM

CONSUMER

Starbucks partners Alibaba to revive China sales

STARBUCKS Corp is partnering with Alibaba to deliver its coffee in Chinese cities...
PUBLISHED Aug 3, 2018 05:50 AM

Doll treasures revived in tiny Rome workshop

TUCKED away in one of Rome's most fashionable shopping districts, antique doll parts...
PUBLISHED Aug 3, 2018 05:50 AM

TRANSPORT

Suzuki posts record profit on strong global car sales

SUZUKI Motor Corp on Thursday posted a record-high operating profit in the first quarter...
PUBLISHED Aug 3, 2018 05:50 AM

Tesla plans to fund new Chinese car factory with local debt

TESLA INC said that it plans to use mostly local debt to fund a new factory in Shanghai,...
PUBLISHED Aug 3, 2018 05:50 AM

Musk's apology, relief over cash helps Tesla recover

ELON MUSK may have been on to something when he said Tesla Inc was becoming a real car...
PUBLISHED Aug 3, 2018 05:50 AM

Oil tanker owners are scrapping the most ships in decades

OIL TANKER owners are giving up. A 19-month curtailment of Opec cargoes, and...
PUBLISHED Aug 3, 2018 05:50 AM

GOVERNMENT & ECONOMY

Possible new US tariffs not 'cataclysmic', says Ross

NEW tariffs that the United States is threatening to impose on nearly half the goods...
PUBLISHED Aug 3, 2018 05:50 AM
LATEST US DATA

Factory orders rise for second straight month

NEW orders for US-made goods rose for a second straight month in June, but business...
PUBLISHED Aug 3, 2018 05:50 AM

No fixed timeframe for keeping rates low, says BOJ

BANK of Japan deputy governor Masayoshi Amamiya said the central bank had no fixed...
PUBLISHED Aug 3, 2018 05:50 AM

N Korea warns of natural disaster brought by heat wave

NORTH Korea on Thursday called for an "all-out battle" against record...
PUBLISHED Aug 3, 2018 05:50 AM

LIFE & CULTURE

Owning a piece of Hollywood

DOES the thought of owning Indiana Jones's actual fedora from Raiders of the Lost...
PUBLISHED Aug 3, 2018 05:50 AM

Japan tourists are swapping their guide books for Instagram

TOURISM is booming in Japan, but a growing number of visitors are ditching their...
PUBLISHED Aug 3, 2018 05:50 AM

Deep in the birthplace of Cuban rum and the daiquiri

THE best rum bar in Cuba may be the one in the basement of a sparse museum in the centre...
PUBLISHED Aug 3, 2018 05:50 AM

OPINION

Artificial Intelligence in Singapore: pervasive, powerful and present

IF you ask people whether they think artificial intelligence (AI) will have an impact on...
PUBLISHED Aug 3, 2018 05:50 AM
THE BOTTOM LINE

Think there's been a productivity boom? Think again

LET'S travel back in time to 1995. Most Americans still remembered the calamitous...
PUBLISHED Aug 3, 2018 05:50 AM
EDITORIAL

Venturing into strata office, retail properties? Beware the pitfalls

SOME in the real estate circles reckon that the latest curbs on private residential...
PUBLISHED Aug 3, 2018 05:50 AM

Adopt a framework approach to ensure auditor independence

RECENT corporate controversies at Midas and Vard have once again put the role of...
PUBLISHED Aug 3, 2018 05:50 AM
COMMENTARY

Is Trump team awry with Asia-Pacific ambitions?

US Secretary of State Mike Pompeo visits Singapore on Friday and Saturday for the first...
PUBLISHED Aug 3, 2018 05:50 AM
COMMENTARY

Shaping social services for the future of work amid digital disruption

Much has been said about technology changing the future of work for businesses but...
PUBLISHED Aug 3, 2018 05:50 AM

Lifestyle

Indie chef makes his mark at IL Den

HE had us at "Javier"...
PUBLISHED Aug 3, 2018 05:50 AM

Sicilian wines come into their own in the world's big wine buffet

SO MUCH is new and different in wine that it seems a shame to pick a brand and stick with...
PUBLISHED Aug 3, 2018 05:50 AM

Gems For Generations

THE JEWEL BOX is one of Singapore's first bespoke jewellery ateliers, having been in...
PUBLISHED Aug 3, 2018 05:50 AM

Han Keen Juan

IS THERE ANYONE in Singapore more avuncular than Old Chang Kee's founder Han Keen...
PUBLISHED Aug 3, 2018 05:50 AM

Double Happiness

Boost your serotonin levels as Keeper's Playground of Infinite Happiness at the...
PUBLISHED Aug 3, 2018 05:50 AM

Curveball Humour

Comedians from the Middle East have been making subversive jokes on war, terrorism and...
PUBLISHED Aug 3, 2018 05:50 AM

Heritage Eats

You can't go wrong with Folklore when it comes to celebrating local food culture for...
PUBLISHED Aug 3, 2018 05:50 AM

Bettye Does Dylan

Singer-songwriter Bob Dylan may have won the Nobel Prize for Literature, but a lot of...
PUBLISHED Aug 3, 2018 05:50 AM

Punk Pioneers

One of the pioneers of the Singapore underground music scene during the eighties,...
PUBLISHED Aug 3, 2018 05:50 AM

National Workout Day

So you couldn't get tickets to the National Day Parade. No matter. ...
PUBLISHED Aug 3, 2018 05:50 AM

Kueh Goes Swee

Kueh Dada, Kueh Sarlat, Ondeh Ondeh local desserts get a stylised makeover at Sinpopo...
PUBLISHED Aug 3, 2018 05:50 AM

Work And Play

Back in the day, if you wanted a reliable Bluetooth speaker that you could wear, Jabra...
PUBLISHED Aug 3, 2018 05:50 AM

Recipe For Success

ONE SELLS HIS own Singapore-style ramen in a hawker centre and is set to open in Hong...
PUBLISHED Aug 3, 2018 05:50 AM

The Heavenly Art of Tea

YOU COULD SAY THAT TWG Tea has brought tea appreciation to a whole new level, not just in...
PUBLISHED Aug 3, 2018 05:50 AM

Souvenirs Of Singapore

If there is one plate that best represents Singapore, it has to be the One Singapore...
PUBLISHED Aug 3, 2018 05:50 AM

A Home For All

Joshua Oh, the only son in his family, knew that even after he got married, he would want...
PUBLISHED Aug 3, 2018 05:50 AM

98 Paintings For 98 Years

TWO YEARS SHY of being a centenarian, Lim Tze Peng is still thinking of his next artistic...
PUBLISHED Aug 3, 2018 05:50 AM

A Fairy-Tale Gem

ONCE UPON A TIME in the early 1940s, Louis Arpels designed his first clip inspired by his...
PUBLISHED Aug 3, 2018 05:50 AM
April 1960

Singapore-Style Speakers' Corner

Now better known as a venue for complainants and the aggrieved, Hong Lim Park actually...
PUBLISHED Aug 3, 2018 05:50 AM

BREAKING NEWS

Dec 14, 2018 12:02 AM

Huawei US$2b security pledge followed walkout by British official

[LONDON] Huawei's relations with British authorities hit a low last month when a top official walked out of a...
Dec 13, 2018 11:49 PM

Egypt arrests two over nude tourists on pyramid

[CAIRO] Egyptian authorities on Thursday arrested a camel driver and a woman accused of having helped two Danes scale...
Dec 13, 2018 11:49 PM

ECB still sees balanced economic outlook, but downside risk more prominent

[FRANKFURT] The European Central Bank maintained on Thursday its long-standing assessment that risks to growth remain...
Dec 13, 2018 11:41 PM

Delta Air Lines says wider fare variety will boost revenues

[CHICAGO] US carrier Delta Air Lines Inc said a wider variety of seating options and fares from basic economy to flat...
Dec 13, 2018 11:31 PM

Latest Earnings

Dec 13, 2018 11:24 PM

Court rules against Sri Lanka president, impeachment edges closer

[COLOMBO] Sri Lanka's Supreme Court opened the way for potential impeachment proceedings against the president on...
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