Tuesday, Sep 18, 2018

TOP STORIES

2018 new home sales forecast to wilt by a quarter

THIS year's new home sales could be as much as 25 per cent lower than last year...
PUBLISHED Sep 18, 2018 05:50 AM
BT EXCLUSIVE

New Noble's board to have up to 5 IDs

THE board of the "New Noble" - a fresh company which will emerge on the...
PUBLISHED Sep 18, 2018 05:50 AM

Non-oil exports grow at slower but forecast-beating 5% in August

GROWTH of non-oil domestic exports (NODX) eased in August but still beat forecasts, with...
PUBLISHED Sep 18, 2018 05:50 AM

Govt seeks to set record straight on ministerial pay

THE Prime Minister does not get paid up to S$4.5 million a year, the government has said...
PUBLISHED Sep 18, 2018 05:50 AM

New interactive forum to showcase global thought leaders

THE Straits Times and The Business Times will launch a new public interactive forum next...
PUBLISHED Sep 18, 2018 05:50 AM

New academy to send Singapore students overseas for internship at startups

TO groom future innovators with a global view, a new academy has been set up to send...
PUBLISHED Sep 18, 2018 05:50 AM

Startup SG Network launched to help startups find partners

STARTUPS, incubators and accelerators, and investors can now find and connect with one...
PUBLISHED Sep 18, 2018 05:50 AM

Nine chosen to be Nominated MPs in Parliament

NINE individuals have been selected to represent the views of various segments of...
PUBLISHED Sep 18, 2018 05:50 AM
OPINION

How safe is your personal data collected by your smart devices?

THESE days, just about every business in town is touting the interlinkage of multiple...
PUBLISHED Sep 18, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Is Ascott trust mulling sale of Ascott Raffles Place?

WORD on the street is that an expression of interest (EOI) exercise closed recently for...
PUBLISHED Sep 18, 2018 05:50 AM

SGX leads US$44.4m funding round for online freight platform

THE Singapore Exchange (SGX) has closed a US$44.4 million, Series C funding round for...
PUBLISHED Sep 18, 2018 05:50 AM

Centurion to buy 133-bed UK student housing asset for £10.2m

DORMITORY developer Centurion Corp has agreed to buy a 133-bed student housing asset in...
PUBLISHED Sep 18, 2018 05:50 AM

DBS appoints receiver for Triyards unit Strategic Marine to protect its claims

DBS Bank has appointed a receiver for a key subsidiary of Singapore-listed Triyards...
PUBLISHED Sep 18, 2018 05:50 AM

Ipco gets more time to hold AGM, warns some financials may need to be restated

THE Singapore Exchange (SGX) has agreed to give Ipco International more time to convene...
PUBLISHED Sep 18, 2018 05:50 AM
COMMENTARY

Victor Li gets his timing right for a UK IPO

WHEN you're preparing to spend billions of dollars on acquisitions in one year, it...
PUBLISHED Sep 18, 2018 05:50 AM

Singapore-listed equity offerings strongest since 2014

SINGAPORE-LISTED equity offerings totalled US$3.8 billion so far this year, a 6.1 per...
PUBLISHED Sep 18, 2018 05:50 AM

No systemic failure by Datapulse in M&A due process: review

AN EXCHANGE-mandated review of Datapulse Technology's internal controls has found no...
PUBLISHED Sep 18, 2018 05:50 AM

BlackGold executives called as witnesses in bribery probe

THREE employees of BlackGold Natural Resources group have been called for interview as...
PUBLISHED Sep 18, 2018 05:50 AM

Corporate digest

KEPPEL Offshore & Marine (Keppel O&M) has signed an agreement with Gaztransport...
PUBLISHED Sep 18, 2018 05:50 AM
PUBLISHED Sep 18, 2018 05:50 AM

Vividthree to raise S$12.95m in IPO

VIVIDTHREE Holdings (VVH) is looking to raise gross proceeds of S$12.95 million,...
PUBLISHED Sep 18, 2018 05:50 AM
STOCKS

STI tracks Asian markets to end lower

THE new week brought fresh pain for local stocks as shares on the key Straits Times Index...
PUBLISHED Sep 18, 2018 05:50 AM

Brokers' take

We maintain buy with lower target price of S$0.59. Post consolidation, ESR-Viva will...
PUBLISHED Sep 18, 2018 05:50 AM
CURRENCIES

US dollar backtracks on trade concerns

THE US dollar gave up early gains and fell on Monday while emerging market currencies...
PUBLISHED Sep 18, 2018 05:50 AM

REAL ESTATE

CapitaLand invests US$25.9m in Indonesian hotel operator

CAPITALAND has invested US$25.9 million for a 70 per cent share in Indonesian company...
PUBLISHED Sep 18, 2018 05:50 AM

Laguna Park up for sale with S$1.48b reserve price

PRIVATE residential estate Laguna Park in the East Coast area has been put up for sale...
PUBLISHED Sep 18, 2018 05:50 AM

9 new precincts to join pilot Business Improvement District programme

NINE new precincts will join the pilot Business Improvement District (BID) programme to...
PUBLISHED Sep 18, 2018 05:50 AM

Growth in Chinese home prices hits two-year high in August

CHINA'S home prices accelerated in August at the fastest pace in nearly two years, a...
PUBLISHED Sep 18, 2018 05:50 AM

Price gains in Hainan property market moderating after curbs

IN the tropical Chinese island of Hainan, property prices appear to have been running...
PUBLISHED Sep 18, 2018 05:50 AM

Equity Residential seeks buyers for two NYC buildings

PUBLICLY traded landlord Equity Residential is marketing two Manhattan apartment...
PUBLISHED Sep 18, 2018 05:50 AM

Grange Heights, Cairnhill Astoria have another go at en bloc sale

TWO prime freehold residential sites in District 9 near Orchard Road will be offered...
PUBLISHED Sep 18, 2018 05:50 AM

Trump's Scottish golf homes attract interest even before approval

HOMES earmarked for Donald Trump's golf resort in north-eastern Scotland are already...
PUBLISHED Sep 18, 2018 05:50 AM

UK house prices recover amid signs of pickup in London

UK house prices rebounded in September amid signs of a pickup in sales of London's...
PUBLISHED Sep 18, 2018 05:50 AM

BANKING & FINANCE

Asian currencies fall on fear of wider US-China trade war

MOST Asian currencies dropped significantly on Monday on worries that the US-China trade...
PUBLISHED Sep 18, 2018 05:50 AM

Investigators home in on Deutsche Bank exec's 1MDB role

SINGAPORE authorities probing the multi-billion dollar 1Malaysia Development Bhd (1MDB)...
PUBLISHED Sep 18, 2018 05:50 AM

Jho Low proclaims his innocence on new website

THE man accused of looting billions from Malaysian investment fund 1MDB may be missing...
PUBLISHED Sep 18, 2018 05:50 AM

Credit Suisse urged to improve money laundering controls

CREDIT Suisse Group AG was given until the end of next year to strengthen its internal...
PUBLISHED Sep 18, 2018 05:50 AM

ENERGY & COMMODITIES

US aims to start LNG deliveries to Germany in four years: Bild

US COMPANIES expect to begin delivering liquefied natural gas (LNG) to Germany in four...
PUBLISHED Sep 18, 2018 05:50 AM

China to speed up efforts to cut solar, wind subsidies: draft guidelines

CHINA will speed up efforts to ensure its wind and solar power sectors can compete...
PUBLISHED Sep 18, 2018 05:50 AM

Opec committed to supply deal as demand faces headwinds

THE Organization of the Petroleum Exporting Countries (Opec) needs to keep working with...
PUBLISHED Sep 18, 2018 05:50 AM

TECHNOLOGY

Time acquired by Salesforce billionaire Marc Benioff

SALESFORCE.COM founder Marc Benioff and his wife Lynne have agreed to acquire Time...
PUBLISHED Sep 18, 2018 05:50 AM

Machines to handle half of work tasks by 2025: WEF study

MACHINES and automated software will be handling fully half of all workplace tasks within...
PUBLISHED Sep 18, 2018 05:50 AM

CONSUMER

China pig fever outbreak gives poultry farmers a boost

AN outbreak of African swine fever in China is proving to be a windfall for chicken...
PUBLISHED Sep 18, 2018 05:50 AM

Macau casinos fall with typhoon shutdown estimated to cost US$186m

MACAU casino stocks retreated after Typhoon Mangkhut forced a 33-hour shutdown of the...
PUBLISHED Sep 18, 2018 05:50 AM

TRANSPORT

Betting against Tesla: sceptics make their case

FOR THE past year, Elon Musk has waged a bitter war of words with short-sellers, the...
PUBLISHED Sep 18, 2018 05:50 AM

Flights resume as Mangkhut moves on after battering Hong Kong

CATHAY Pacific Airways Ltd and some other airlines resumed services to Hong Kong, a city...
PUBLISHED Sep 18, 2018 05:50 AM

GOVERNMENT & ECONOMY

World's richest economies enjoy biggest pay raise in a decade

WORKERS in the world's richest countries are getting their biggest pay bump in a...
PUBLISHED Sep 18, 2018 05:50 AM

Bangladeshi garment workers reject wage hike; want global fashion brands to pay more

GARMENT workers in Bangladesh have rejected an increase in the minimum wage, saying it is...
PUBLISHED Sep 18, 2018 05:50 AM

UK economy will shrink without Brexit deal, IMF warns

BRITAIN'S economy will shrink if it leaves the European Union without a Brexit deal...
PUBLISHED Sep 18, 2018 05:50 AM

Saudi sovereign fund secures US$11b loan to boost diversification blitz

SAUDI ARABIA'S sovereign wealth fund said on Monday it had secured its first ever...
PUBLISHED Sep 18, 2018 05:50 AM

LIFE & CULTURE

Victoria Beckham debuts in London

UNTESTED in the fashion world, Victoria Beckham launched her VB label in 2008 in New York...
PUBLISHED Sep 18, 2018 05:50 AM

The Predator slaughters at the box office with US$24m haul

THE Predator - the latest instalment in the long-running sci-fi action series - chewed up...
PUBLISHED Sep 18, 2018 05:50 AM

Paris show brings together rare views of young Picasso

MORE than 300 works from two key periods in Pablo Picasso's early years go on...
PUBLISHED Sep 18, 2018 05:50 AM

SME

An ace at crunching numbers

A REGULAR day is hectic enough, but add juggling several businesses to the list. Sounds...
PUBLISHED Sep 18, 2018 05:50 AM

Omni United: Treading in the right direction

"DON'T do the right things for the wrong reasons" is a mantra that...
PUBLISHED Sep 18, 2018 05:50 AM

OPINION

EDITORIAL

Don't let lease angst overshadow HDB's great job in public housing

THERE has been a great deal of public debate over whether HDB flat buyers are lessees or...
PUBLISHED Sep 18, 2018 05:50 AM

Asians can build new patterns for business

GLOBALISATION - the broad catch-all term we use to describe global labour flows, global...
PUBLISHED Sep 18, 2018 05:50 AM
THE BOTTOM LINE

Days of fear, years of obstruction

LEHMAN Brothers failed 10 years ago. The US economy was already in a recession, but...
PUBLISHED Sep 18, 2018 05:50 AM

A limping WTO affects small countries like Singapore

FOR most of the world, the name Shree Baboo Chekitan Servansing is foreign sounding,...
PUBLISHED Sep 18, 2018 05:50 AM
COMMENTARY

Will Korean denuclearisation post-S'pore be a mirage?

SOUTH Korean President Moon Jae-in meets with Kim Jong-un on Tuesday in a bid to turbo-...
PUBLISHED Sep 18, 2018 05:50 AM

Brexit: countdown to March 2019

THE United Kingdom leaves the European Union forever at the end of March 2019. Which...
PUBLISHED Sep 18, 2018 05:50 AM

BREAKING NEWS

Dec 13, 2018 12:29 AM

Madrid temporarily bans 'oldest, most polluting' vehicles

[MADRID] Madrid on Wednesday temporarily banned the oldest, most polluting vehicles from driving its streets, two weeks...
Dec 13, 2018 12:15 AM

Francis to say first Mass by a pope on Arabian peninsula in UAE

[VATICAN CITY] Pope Francis will say the first Mass by a pontiff on the Arabian peninsula in February and visit one of...
Dec 13, 2018 12:08 AM

EU, Japan clinch record trade accord in shadow of protectionism

[STRASBOURG] The European Parliament approved a draft free-trade agreement with Japan, removing the last political...
Dec 12, 2018 11:54 PM

Hitachi to buy ABB power-grid unit for 800b yen

[TOKYO] Hitachi Ltd is close to a deal to purchase ABB Ltd's power-grids business for as much as 800 billion yen (...
Dec 12, 2018 11:34 PM

BHP's US$320m copper mine sale called off, Chile Union says

[SANTIAGO] The sale of BHP Group Plc's smallest copper mine in Chile has been called off after the would-be buyer...
Dec 12, 2018 11:18 PM

Edition Limited calls off acquisition of Israeli cybersecurity firm

KRANJI farm operator Edition has called off a planned acquisition of 51 per cent in the enlarged share capital of...
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