Wednesday, Oct 10, 2018

TOP STORIES

BT EXCLUSIVE

MAS puts fintechs on notice against shadow banking

EVEN as the Monetary Authority of Singapore (MAS) is welcoming of fintech players, it...
PUBLISHED Oct 10, 2018 05:50 AM

Governments, institutions struggle to find battle plan for next recession

THE International Monetary Fund (IMF) and other institutions are grappling with potential...
PUBLISHED Oct 10, 2018 05:50 AM

Balmy Q4 for sea freight as importers try to beat new tariff deadline

THE final quarter of the year is expected to yield bumper freight volumes and rates for...
PUBLISHED Oct 10, 2018 05:50 AM

IMF cuts forecast for global growth as trade war, stresses in emerging markets take their toll

THE International Monetary Fund (IMF) said the world economy is plateauing as the lender...
PUBLISHED Oct 10, 2018 05:50 AM

At least 40 Tory MPs willing to vote down half-baked Brexit deal

AT least 40 lawmakers in Prime Minister Theresa May's Conservative Party are willing...
PUBLISHED Oct 10, 2018 05:50 AM

Tulip Garden sale proceeding, says marketing agent Colliers

COLLIERS International, the marketing agent for Tulip Garden, has quashed speculation...
PUBLISHED Oct 10, 2018 05:50 AM

EY opens innovation centre focusing on intelligent automation

EY on Tuesday opened a new innovation centre that will focus on helping clients integrate...
PUBLISHED Oct 10, 2018 05:50 AM

KL plans new taxes to shore up state budget that's burdened by debt

MALAYSIA will devise new taxes soon to shore up a state budget that's been...
PUBLISHED Oct 10, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Consumers' fears, complacency are the weak link in cyber hygiene

THERE are some illusions that Singapore corporates should banish when it comes to cyber...
PUBLISHED Oct 10, 2018 05:50 AM

Control of Innopac to change hands after S$8.4m placement

INNOPAC Holdings on Tuesday announced an S$8.4 million stock placement that will result...
PUBLISHED Oct 10, 2018 05:50 AM

Goldman Sachs sees Asian stock rebound in Q4

THE LAST quarter of the year has started on the wrong footing for Asian equities, but...
PUBLISHED Oct 10, 2018 05:50 AM

Corporate digest

TIANJIN Zhong Xin Pharmaceutical Group Corp's controlling shareholder plans to carry...
PUBLISHED Oct 10, 2018 05:50 AM

Poll shows mixed support for dual-class shareholding structures

SINGAPORE and Hong Kong both revamped their listing rules to allow the use of dual-class...
PUBLISHED Oct 10, 2018 05:50 AM

Aviva CEO Wilson to leave as board seeks to revive sagging shares

AVIVA CEO Mark Andrew Wilson will be replaced temporarily by chairman Adrian Montague...
PUBLISHED Oct 10, 2018 05:50 AM

Tencent's US$220b rout  is breaking all kinds of records

THE US$220 BILLION rout in shares of Tencent Holdings Ltd has entered uncharted territory.
PUBLISHED Oct 10, 2018 05:50 AM

Novartis looking to strengthen ties with Silicon Valley giants

NOVARTIS AG is looking to strengthen its ties with tech startups as giants such as Apple...
PUBLISHED Oct 10, 2018 05:50 AM
STOCKS

China growth uncertainty drags markets

LACKING prominent drivers and weighed by uncertainty over China's growth, Asian...
PUBLISHED Oct 10, 2018 05:50 AM

Brokers' take

HAVING proposed to acquire a portfolio of five modern ramp-up logistics properties in...
PUBLISHED Oct 10, 2018 05:50 AM
CURRENCIES

Euro stuck at seven-week low on Italy budget row

THE euro fell to a seven-week low on Tuesday as the dollar rose broadly and concerns...
PUBLISHED Oct 10, 2018 05:50 AM

REAL ESTATE

Singapore condo resale prices see 2nd month of decline with 0.2% dip in Sept

RESALE prices of private non-landed homes in Singapore declined for the second straight...
PUBLISHED Oct 10, 2018 05:50 AM

Hong Kong banks slash property valuations as home market teeters

BANKS in Hong Kong are aggressively cutting property valuations as the city's...
PUBLISHED Oct 10, 2018 05:50 AM

BANKING & FINANCE

Sovereign funds hiring their own rainmakers

WHEN Lucid Motors, an electric carmaker, announced that it had raised US$1 billion in...
PUBLISHED Oct 10, 2018 05:50 AM

Indonesian firms set to sign pacts on US$13.6b of projects

INDONESIAN state-owned companies this week will sign deals pushing ahead about US$13.6...
PUBLISHED Oct 10, 2018 05:50 AM

ENERGY & COMMODITIES

Oil prices rise as Iranian crude exports fall

OIL prices rose on Tuesday as more evidence emerged that crude exports from Iran, Opec...
PUBLISHED Oct 10, 2018 05:50 AM

China slashes LPG imports from US amid trade dispute

CHINA has choked back on imports of liquefied petroleum gas (LPG) from the United States...
PUBLISHED Oct 10, 2018 05:50 AM

LME's copper dominance tested as rivals' options trading jumps

METALS bourses trying to muscle into a copper market dominated by the LME are getting a...
PUBLISHED Oct 10, 2018 05:50 AM

TECHNOLOGY

Alphabet to shut Google+ social site after user data exposed

ALPHABET Inc's Google will shut down the consumer version of its failed social...
PUBLISHED Oct 10, 2018 05:50 AM

Microsoft investing in Grab to collaborate on AI, big data and tech projects

MICROSOFT Corp is investing in South-east Asian ride-hailing firm Grab as part of a...
PUBLISHED Oct 10, 2018 05:50 AM

CONSUMER

Toys R Us mascot's return hits a raw nerve

THOUSANDS of former Toys R Us employees face an uncertain future after hundreds of stores...
PUBLISHED Oct 10, 2018 05:50 AM

Britain's summer spending cools in September: surveys

BRITISH consumers turned more cautious about their spending in September after going on a...
PUBLISHED Oct 10, 2018 05:50 AM

TRANSPORT

STRAIT TALK

Ship-fuel suppliers to become fuel consultants?

LAST week's Singapore International Bunkering Conference and Exhibition (SIBCON)...
PUBLISHED Oct 10, 2018 05:50 AM

Airbus gets a new boss who inherits all of the old problems

AIRBUS SE has selected its next chief executive officer. Cue in Guillaume Faury, former...
PUBLISHED Oct 10, 2018 05:50 AM

British Airways loses New York crown to low-cost rival Norwegian

NORWEGIAN Air Shuttle has overtaken British Airways as the biggest non-US airline on...
PUBLISHED Oct 10, 2018 05:50 AM

GOVERNMENT & ECONOMY

China central bank shifts focus to growth; more easing expected

THE expected move over the weekend to cut the amount of cash Chinese banks have to hold...
PUBLISHED Oct 10, 2018 05:50 AM

Sydney, Melbourne to be off limits for new migrants

NEW migrants wanting to settle in Australia may soon face a big condition on their stay:...
PUBLISHED Oct 10, 2018 05:50 AM

US ambassador to the UN Nikki Haley quits

PRESIDENT Donald Trump's ambassador to the United Nations, Nikki Haley, has resigned...
PUBLISHED Oct 10, 2018 05:50 AM

LIFE & CULTURE

Banksy's art stunt is economic genius

BASED on experiments conducted by himself and others around his work, Banksy, the famous...
PUBLISHED Oct 10, 2018 05:50 AM

Australian Open organisers working towards stand on coaching rule

AUSTRALIAN OPEN organisers are working to determine whether coaching will be allowed...
PUBLISHED Oct 10, 2018 05:50 AM

Venom smashes Oct box office record with US$80m opening

SUPERHERO blockbuster Venom saved the day at the North American box office last weekend,...
PUBLISHED Oct 10, 2018 05:50 AM

EXECUTIVE MONEY

Driving Aviva's digital transformation

AN OPPORTUNITY to drive a UK-based insurance group's digital ambitions has turned...
PUBLISHED Oct 10, 2018 05:50 AM

Who will be winner in e-payments: banks, independents or telcos?

OVER the next 18 months one of the more noticeable ways in which technology will impact...
PUBLISHED Oct 10, 2018 05:50 AM

Hedge fund stars crying uncle give industry hope

THE hedge fund industry is losing its star managers but gaining an opportunity to rebuild...
PUBLISHED Oct 10, 2018 05:50 AM

OPINION

Effective collaboration helps power innovation

SOUTH-EAST Asia is in the midst of a massive technological transformation for...
PUBLISHED Oct 10, 2018 05:50 AM
EDITORIAL

Anwar's way back to the helm turning out to be no walk in the park

AS EVER in Malaysian politics, nothing goes according to plan. The by-election for the...
PUBLISHED Oct 10, 2018 05:50 AM
THE BOTTOM LINE

HK's outlook bleak as China calls the tune

HONG Kong was struck by the worst storm in recorded history last month, with Typhoon...
PUBLISHED Oct 10, 2018 05:50 AM

Tariff weapons in trade war bear risk of backfiring

SINCE World War II's end, trade has grown 50 per cent faster than global GDP, owing...
PUBLISHED Oct 10, 2018 05:50 AM
COMMENTARY

Climate-change battle can still be won if Paris treaty is ratcheted up

THE United Nations' Intergovernmental Panel on Climate Change (IPCC) released on...
PUBLISHED Oct 10, 2018 05:50 AM
COMMENTARY

Promoting gender parity through empowerment

EVER wondered what it would be like to swap genders at the workplace?
PUBLISHED Oct 10, 2018 05:50 AM
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