Tuesday, Aug 14, 2018

TOP STORIES

TURKISH ROUT

Asia markets skid on Turkish turmoil; analysts downplay contagion fears

ASIAN markets suffered a painful fallout on Monday as Turkey's lira crisis rages on...
PUBLISHED Aug 14, 2018 05:50 AM
SINGAPORE ECONOMY

Forecasts raised after big jumps in NODX and trade growth

NON-oil domestic exports jumped 9.4 per cent year on year in the second quarter, up from...
PUBLISHED Aug 14, 2018 05:50 AM
SINGAPORE ECONOMY

Construction looks to turn corner with slower 4.6% Q2 decline

THE tide may be turning for the ailing construction sector, which has been a persistent...
PUBLISHED Aug 14, 2018 05:50 AM
SINGAPORE ECONOMY

Young firms added more to net jobs than maturing, old ones for 2009-2016 period

YOUNG firms contributed more than maturing and old firms to net job creation over the...
PUBLISHED Aug 14, 2018 05:50 AM
SINGAPORE ECONOMY

Startups' chances of success flat over the years: study

THE probability that new firms in Singapore will succeed has remained largely constant...
PUBLISHED Aug 14, 2018 05:50 AM
SINGAPORE ECONOMY

Factory-less manufacturers one reason behind output-export gap

THE rise of the "fab-less" semiconductor company was one reason for the recent...
PUBLISHED Aug 14, 2018 05:50 AM
BT EXCLUSIVE

Wangz Hotel being sold for S$46m

WANGZ Hotel, the distinctive barrel-shaped aluminium-clad building at the corner of...
PUBLISHED Aug 14, 2018 05:50 AM
OPINION

The cashless journey has only just begun

IT is no exaggeration to say that the Asia-Pacific has an unrivalled pedigree in cashless...
PUBLISHED Aug 14, 2018 05:50 AM

Life insurance industry sees 20% rise in new business in H1

THE life insurance industry posted a robust performance in the first half of this year,...
PUBLISHED Aug 14, 2018 05:50 AM

UrbanZoom launches API access to property auto-valuation tool

URBANZOOM, a homegrown artificial-intelligence-enabled research portal for HDB and...
PUBLISHED Aug 14, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

TPG may not be a game changer for Singapore telco market

A DRAMATIC scene in J R R Tolkien's The Fellowship of the Ring has the heroes...
PUBLISHED Aug 14, 2018 05:50 AM

Wilmar Q2 profit up more than 5 times

AGRIBUSINESS group Wilmar International has chalked up a huge increase in net profit for...
PUBLISHED Aug 14, 2018 05:50 AM

Corporate digest

RESTAURANT group No Signboard Holdings' net profit fell 79.1 per cent for its fiscal...
PUBLISHED Aug 14, 2018 05:50 AM

Halcyon Agri sinks into the red for Q2

BLEAK market conditions dragged rubber supplier Halcyon Agri into the red for the second...
PUBLISHED Aug 14, 2018 05:50 AM

Boustead Singapore Q1 net profit quadruples

BOOSTED by better operating performance and sizeable other gains, infrastructure...
PUBLISHED Aug 14, 2018 05:50 AM

Memtech reports 57% fall in second quarter profit

ELECTRONICS components manufacturer Memtech International on Monday posted a net profit...
PUBLISHED Aug 14, 2018 05:50 AM

CSE Global posts Q2 net profit of S$4.3m

CSE Global's Q2 net profit rose to S$4.3 million for the second quarter ended June...
PUBLISHED Aug 14, 2018 05:50 AM

UE net profit falls 76% to S$11m in Q2

UNITED Engineers (UE) on Monday posted a second-quarter net profit of S$11 million, down...
PUBLISHED Aug 14, 2018 05:50 AM
STOCKS

STI hit by Turkey crisis, slowing Q2 GDP

Shaken by a financial crisis in Turkey and disappointment from local economic data, share...
PUBLISHED Aug 14, 2018 05:50 AM

Brokers' take

Since our Aug 1 downgrade (from "buy" to "hold") till Aug 10's...
PUBLISHED Aug 14, 2018 05:50 AM
CURRENCIES

Euro dips as investors dump riskier assets

THE euro slid to a 13-month low, emerging market currencies slumped further and the yen...
PUBLISHED Aug 14, 2018 05:50 AM

Changing hands

Tracking fund flows in the Singapore stock market
PUBLISHED Aug 14, 2018 05:50 AM

REAL ESTATE

Investment sales in Singapore seen matching last year's record high

REAL estate investment sales in Singapore is expected to match last year's record of...
PUBLISHED Aug 14, 2018 05:50 AM

Lum Chang-LaSalle joint development unveils Tekka Place in Little India

AN UPCOMING integrated development at Serangoon Road had its name and branding unveiled...
PUBLISHED Aug 14, 2018 05:50 AM

Kingsley Mansion en bloc at reserve price of S$45.5m

THE owners of Kingsley Mansion are launching a collective sale by tender for the 18-unit...
PUBLISHED Aug 14, 2018 05:50 AM

Hong Lai Huat inks deal for mixed-use development in Phnom Penh

MAINBOARD-LISTED real estate firm Hong Lai Huat Group Limited has signed a memorandum of...
PUBLISHED Aug 14, 2018 05:50 AM

When Raffles reopens, a culinary delight awaits

THE Raffles Hotel closed its doors last December for its first renovation in almost 30...
PUBLISHED Aug 14, 2018 05:50 AM

BANKING & FINANCE

Political risk creeps into China's very bad bank

BEIJING'S ownership is no longer reliable investor insurance. China Huarong Asset...
PUBLISHED Aug 14, 2018 05:50 AM

China faces problem in getting its banks to lend more money

THE People's Bank of China (PBOC) is tackling a problem it rarely had to worry about...
PUBLISHED Aug 14, 2018 05:50 AM

Dubai Bank's Turkey bet just got US$1b cheaper. And riskier

ON the face of it, Emirates NBD PJSC's acquisition of Turkey's Denizbank AS has...
PUBLISHED Aug 14, 2018 05:50 AM

ENERGY & COMMODITIES

Oil holds steady as Iran rules out talks with US before it reimposes sanctions

OIL traded near US$68 a barrel after Iran ruled out talks with the US, heightening...
PUBLISHED Aug 14, 2018 05:50 AM

Caspian Sea littoral states sign pact to divide sea and its resources

THE five countries with shorelines on the Caspian Sea agreed on Sunday to a formula for...
PUBLISHED Aug 14, 2018 05:50 AM

CEO of Algerian state energy firm appoints new leadership team

THE head of Algerian state oil firm Sonatrach has assembled a new leadership team, a...
PUBLISHED Aug 14, 2018 05:50 AM

TECHNOLOGY

Race on to boost defences against drones with killer payloads

FROM hand-held copters that zoom around the living room to high-speed craft offering the...
PUBLISHED Aug 14, 2018 05:50 AM

Chinese smartphone upstarts taking on Apple, Samsung

APPLE and Samsung's domination of the smartphone world is being challenged like...
PUBLISHED Aug 14, 2018 05:50 AM

Samsung mulls suspending operations at China mobile phone plant

SAMSUNG Electronics Co Ltd is considering suspending operations at one of its mobile...
PUBLISHED Aug 14, 2018 05:50 AM

CONSUMER

Bayer shares plunge after Monsanto loses in Roundup trial

SHARES in German chemicals and pharmaceuticals giant Bayer tumbled more than 10 per cent...
PUBLISHED Aug 14, 2018 05:50 AM

Japan heatwave threatens famed Tsukiji tuna auction

FISHMONGERS at Tokyo's famed Tsukiji tuna auction are feeling the heat as the ageing...
PUBLISHED Aug 14, 2018 05:50 AM

TRANSPORT

Chinese electric vehicle sharing firms in US$730m growth drive

TWO electric vehicle-sharing platforms backed by powerful Chinese carmakers plan to seek...
PUBLISHED Aug 14, 2018 05:50 AM

Heathrow passport queues hit 2 1/2 hours in July

PASSENGERS arriving at London's Heathrow Airport had to queue at passport control...
PUBLISHED Aug 14, 2018 05:50 AM

Empty shipyard, suicides as Hyundai Town deals with grim future

WHEN Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago,...
PUBLISHED Aug 14, 2018 05:50 AM

GOVERNMENT & ECONOMY

North, South Korea plan third summit in Pyongyang in September

NORTH and South Korea agreed on Monday to hold a summit in the North in September,...
PUBLISHED Aug 14, 2018 05:50 AM

Khamenei says mismanagement hurts Iran more than US sanctions

IRAN'S Supreme Leader Ayatollah Ali Khamenei accused the government on Monday of...
PUBLISHED Aug 14, 2018 05:50 AM

LIFE & CULTURE

TAKING HEART

Sustainable business for the disadvantaged

INSPIRED to make a difference after watching the documentary Born Into Brothels, Suraj...
PUBLISHED Aug 14, 2018 05:50 AM

Strong US$44.5m debut for The Meg

THE Meg devoured the competition at the North American box office over the weekend.
PUBLISHED Aug 14, 2018 05:50 AM

SME

Flash those pearly whites with a tech boost

THE business of dentistry is more than just about crowns, bridges and implants. For...
PUBLISHED Aug 14, 2018 05:50 AM

Small firms are not spared from increasing sophistication of cyber threats

WHEN we think of data security in relation to small- and medium-sized enterprises (SMEs...
PUBLISHED Aug 14, 2018 05:50 AM

OPINION

THE BOTTOM LINE

US$'s role is real reason why Trump won't win trade war

WHEN all is said and done, US President Donald Trump's trade war may be fated to...
PUBLISHED Aug 14, 2018 05:50 AM

How retail brands get staying power

FOLLOWING decades of solid and dependable growth, the future for many global brands...
PUBLISHED Aug 14, 2018 05:50 AM
EDITORIAL

New law for Philippines' restive south bodes well for regional peace

AT long last, there is a good chance of a sustainable peace settlement in the southern...
PUBLISHED Aug 14, 2018 05:50 AM

Enabling smart transportation in today's interconnected world

THE Asia-Pacific is leading the world's smart city evolution, with a number of...
PUBLISHED Aug 14, 2018 05:50 AM

Internal audit mindset should be part of corporate culture

THE requirements for internal audit were previously fully embedded in the Singapore Code...
PUBLISHED Aug 14, 2018 05:50 AM

US Fed never learnt its lessons

ECONOMIC developments over the past 20 years have taught - or ought to have taught - the...
PUBLISHED Aug 14, 2018 05:50 AM

BREAKING NEWS

Dec 15, 2018 02:19 PM

China jails boss of 100b yuan pyramid scheme for inciting protests

[BEIJING] A Chinese court has jailed for 17 years a businessman who ran a 100 billion yuan (S$19.9 billion) pyramid...
Dec 15, 2018 01:40 PM

Oceans of garbage prompt war on plastics

[PARIS] Faced with images of turtles smothered by plastic bags, beaches carpeted with garbage and islands of trash...
Dec 15, 2018 01:19 PM

Andrew Frierson, pioneering black opera singer, dies at 94

[NEW YORK] Andrew Frierson, whose bass-baritone reverberated from the stages of theaters and music halls around the...
Dec 15, 2018 12:04 PM

China to halt added tariffs on US-made cars in easing of trade tensions

[BEIJING] China will temporarily suspend additional 25 per cent tariffs on US-made vehicles and auto parts starting Jan...
Dec 15, 2018 11:52 AM

China’s home-price growth eases amid lacklustre buyer demand

[SHANGHAI] China's home-price gains slowed in November in a further sign the nation's property market is...
Dec 15, 2018 11:20 AM

Obamacare thrown out by judge, raising insurance uncertainty

[DALLAS] Obamacare was struck down by a Texas federal judge in a ruling that casts uncertainty on insurance coverage...
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