Tuesday, Oct 16, 2018

TOP STORIES

Developers gear up for flurry of launches before year-end

AFTER selling 7,220 private homes in the first nine months, developers are gearing up for...
PUBLISHED Oct 16, 2018 05:50 AM

Most firms still unaware of industry transformation maps

TWO years after the Industry Transformation Maps (ITMs) began to be rolled out for...
PUBLISHED Oct 16, 2018 05:50 AM
HOT STOCK

Hi-P down 8.7% after flagging lower Q3 profit

SHARES of Hi-P International fell 8.74 per cent or 8 Singapore cents to close at 83.5...
PUBLISHED Oct 16, 2018 05:50 AM

Nets starts service for online business billing and collections

PAYMENT-service provider Nets on Monday launched PayCollect, an online billing and...
PUBLISHED Oct 16, 2018 05:50 AM

Indonesia's trade balance back to surplus in Sept

INDONESIA'S trade balance unexpectedly swung back to surplus in September as imports...
PUBLISHED Oct 16, 2018 05:50 AM
OPINION

Singapore's role in the Fourth Industrial Revolution

A RACE is on globally to see which nations will lead on the digitised, Internet of Things...
PUBLISHED Oct 16, 2018 05:50 AM

Local firms gear up for inaugural APAC Industry 4.0 trade show

LOCAL firms aim to put Singapore on the world map when it comes to Industry 4.0 solutions...
PUBLISHED Oct 16, 2018 05:50 AM

Century-old Sears files for bankruptcy; plans to close 142 more stores

SEARS Holdings filed for Chapter 11 bankruptcy on Monday with a plan to close 142 more...
PUBLISHED Oct 16, 2018 05:50 AM

NUS commits up to S$2.5m to kick-start 50 startups

THE National University of Singapore (NUS) has pledged to commit up to S$2.5 million to...
PUBLISHED Oct 16, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Does board size matter?

SINGAPORE's corporate boards are shrinking. Forget Thai Beverage, which by far has...
PUBLISHED Oct 16, 2018 05:50 AM

Corporate digest

MAINBOARD-LISTED Nico Steel Holdings said on Monday that net profit rose to US$121,000...
PUBLISHED Oct 16, 2018 05:50 AM

Asian Healthcare Specialists inks investment deal with Temasek unit

CATALIST-LISTED orthopaedic services provider Asian Healthcare Specialists (AHS)...
PUBLISHED Oct 16, 2018 05:50 AM

SPH FY18 profit down in absence of one-off gains

SINGAPORE Press Holdings' (SPH) net profit for FY18 fell 19.7 per cent to S$281.11...
PUBLISHED Oct 16, 2018 05:50 AM

Lower contributions from several properties hit Keppel Reit's Q3 DPU

LOWER contributions from several properties took a toll on office landlord Keppel Reit in...
PUBLISHED Oct 16, 2018 05:50 AM

Rex International unit to divest interest in Barents Sea licence

A 90 per cent-owned unit of Rex International Holding will divest its 20 per cent...
PUBLISHED Oct 16, 2018 05:50 AM
NEWS ANALYSIS

Bond bears see gains in shorting Netflix debt

IN MARCH, noted shortseller Andrew Left took a swipe at Netflix Inc's stock, calling...
PUBLISHED Oct 16, 2018 05:50 AM

Changing hands

Tracking fund flows in the Singapore stock market
PUBLISHED Oct 16, 2018 05:50 AM

StarHub CEO seeks to share network to cut costs further

STARHUB chief executive officer Peter Kaliaropoulos said the company is looking to pare...
PUBLISHED Oct 16, 2018 05:50 AM
INITIAL PUBLIC OFFERINGS

China's Innovent Biologics looks to raise up to US$422m in HK IPO: sources

CHINESE biotech firm Innovent Biologics is looking to raise up to US$422 million in its...
PUBLISHED Oct 16, 2018 05:50 AM
INITIAL PUBLIC OFFERINGS

German industrialist US$5.7b richer after record IPO

GERMANY'S largest-ever listing of a family-owned business has reordered the country...
PUBLISHED Oct 16, 2018 05:50 AM
STOCKS

STI down 0.8% amid sea of red in Asia

HOPES that last Friday's US stock rebound would provide a fresh start to the trading...
PUBLISHED Oct 16, 2018 05:50 AM

Brokers' take

We expect loan growth to moderate to 1.2 per cent quarter-on-quarter (q-o-q) and 9.9 per...
PUBLISHED Oct 16, 2018 05:50 AM

REAL ESTATE

Valuations veteran joins JLL from Savills

JLL has appointed valuations heavyweight Lim Khee Boon as senior director for its...
PUBLISHED Oct 16, 2018 05:50 AM

Dubai property prices sink in Q3, market equilibrium not expected soon: report

PROPERTY prices in Dubai declined at an accelerated pace in the third quarter, with off-...
PUBLISHED Oct 16, 2018 05:50 AM
PUBLISHED Oct 16, 2018 05:50 AM

Central London holding up despite worst market since 2010

CENTRAL London is defying the worst UK housing market for any October in eight years.
PUBLISHED Oct 16, 2018 05:50 AM

Purplebricks pushes into Germany with purchase of Homeday stake

BRITISH online estate agent Purplebricks said on Monday that it has formed a joint...
PUBLISHED Oct 16, 2018 05:50 AM

China property market feels fresh chill as 'winter' looms

CHINA'S property developers usually look forward to the months dubbed "Golden...
PUBLISHED Oct 16, 2018 05:50 AM

Condo flipping not prevalent in Toronto, Vancouver

CONDO flipping was never pervasive in the Vancouver and Toronto housing booms and that...
PUBLISHED Oct 16, 2018 05:50 AM

BANKING & FINANCE

World's central bankers feel the heat as populists seek to dictate policy direction

CENTRAL bankers from the United States to Europe are coming under pressure from their...
PUBLISHED Oct 16, 2018 05:50 AM

Safe-haven yen, franc gain as geopolitical tension rises

THE yen hit a one-month high and the Swiss franc gained on Monday as rising geopolitical...
PUBLISHED Oct 16, 2018 05:50 AM

ENERGY & COMMODITIES

COMMENTARY

Carrot-and-stick approach to make China go green

CLIMATE CHANGE is a menace. The Intergovernmental Panel on Climate Change (IPCC) just...
PUBLISHED Oct 16, 2018 05:50 AM

Crops can't get harvested in Canada due to snow

MIKE AMMETER barely received a drop of rain on his Alberta farm all summer. Now, wet and...
PUBLISHED Oct 16, 2018 05:50 AM

S India's tribal people saving India's forests with gourmet coffee harvests

ONCE FORBIDDEN by colonialists from cultivating coffee, indigenous people in southern...
PUBLISHED Oct 16, 2018 05:50 AM

Crude oil futures rise on Saudi tensions

CRUDE OIL futures rose on Monday as geopolitical tensions over the disappearance of a...
PUBLISHED Oct 16, 2018 05:50 AM

TECHNOLOGY

UK automation picks up as migrant labour supply slows

AT Muller Precision Engineering's plant in Redditch, south of Birmingham, James...
PUBLISHED Oct 16, 2018 05:50 AM

KPMG extends innovation and latest tech to staff

KPMG is extending its drive towards innovation to staff experience, having rewired its...
PUBLISHED Oct 16, 2018 05:50 AM

CONSUMER

Kids bingeing on digital 'junk food' online

CHILDREN are being swamped by the visual equivalent of "pizza and sweets" in...
PUBLISHED Oct 16, 2018 05:50 AM

Low-dose aspirin may cut ovarian cancer risk by 23%

MANY people take a low-dose aspirin daily in the hope of preventing heart problems. Now,...
PUBLISHED Oct 16, 2018 05:50 AM

TRANSPORT

Korean Air chief indicted for embezzlement

THE head of South Korean flag carrier Korean Air - whose family has been embroiled in...
PUBLISHED Oct 16, 2018 05:50 AM

England's northern ports hoping to prosper from Brexit

BREXIT has brought hope to the windswept docks of the Humber River, a key goods gateway...
PUBLISHED Oct 16, 2018 05:50 AM

GOVERNMENT & ECONOMY

LATEST US DATA

September US retail sales trail forecasts

US retail sales rose less than forecast in September, as a broad-based increase was...
PUBLISHED Oct 16, 2018 05:50 AM

Anwar sworn in as MP, pledges to let Dr M get on with governing for now

MALAYSIA'S leader-in-waiting Anwar Ibrahim returned to Parliament as a lawmaker on...
PUBLISHED Oct 16, 2018 05:50 AM

Japan unveils sales tax hike in October 2019 from 8% to 10 %

JAPAN on Monday announced a much anticipated sales tax hike in 2019 to address the nation...
PUBLISHED Oct 16, 2018 05:50 AM

LIFE & CULTURE

Prince Harry and Meghan expecting a baby

PRINCE HARRY and his wife Meghan, the Duchess of Sussex, are expecting a baby in the...
PUBLISHED Oct 16, 2018 05:50 AM
WTA FINALS

Sloane Stephens qualifies for Singapore showdown

FORMER US Open champion Sloane Stephens has qualified for her first season-ending BNP WTA...
PUBLISHED Oct 16, 2018 05:50 AM

Critically panned Venom tightens grip on US box office

SONY'S superhero film Venom held onto the lead last weekend in North American box...
PUBLISHED Oct 16, 2018 05:50 AM

1,900 participants give a boost to Pink Ribbon Walk

BREAST CANCER FOUNDATION (BCF) launched Breast Cancer Awareness Month (BCAM) on Oct 6...
PUBLISHED Oct 16, 2018 05:50 AM

SME

Taking the F&B route and sticking with it

ASK Tan Hock Soon what the toughest part about being his own boss is in the food and...
PUBLISHED Oct 16, 2018 05:50 AM

A toast to a Singapore icon

AT kaya toast chain Ya Kun, the business operates like "one big family" - one...
PUBLISHED Oct 16, 2018 05:50 AM

OPINION

EDITORIAL

Congestion issues at Jewel Changi Airport should be looked into

SOMETIME in the first half of next year, the world's best airport will get just a...
PUBLISHED Oct 16, 2018 05:50 AM

The six elements of a great annual report

QUALITY disclosure and transparency are essential to properly assess a company. Investors...
PUBLISHED Oct 16, 2018 05:50 AM
THE BOTTOM LINE

Is the global warming fight mission impossible?

IF there were any doubt before, there should be none now. "Solving" the global...
PUBLISHED Oct 16, 2018 05:50 AM

Healthcare: Leveraging tech and minimising data risks

AS SINGAPORE'S population ages, the country is putting greater focus on healthcare...
PUBLISHED Oct 16, 2018 05:50 AM
COMMENTARY

Why Brexit may now stand, or fall, on Ireland

AS European presidents and prime ministers prepare for Wednesday's potentially...
PUBLISHED Oct 16, 2018 05:50 AM
LETTER TO THE EDITOR

Independent directors: More than minimum compliance is needed

WE refer to our article headlined "The things independent directors do for...
PUBLISHED Oct 16, 2018 05:50 AM

BREAKING NEWS

Nov 21, 2018 11:03 PM

US core capital goods orders flat; jobless claims rise

[WASHINGTON] New orders for key US-made capital goods were unexpectedly unchanged in October and shipments rebounded...
Nov 21, 2018 10:51 PM

German regulator questions Deutsche Bank over Danske scandal

[FRANKFURT] Germany's financial supervisor has asked Deutsche Bank, the country's largest lender, for...
Nov 21, 2018 10:42 PM

Banyan Tree unit sells 18.6% stake in JV with China Vanke to JV partner for S$78.6m

A UNIT of resort operator Banyan Tree Holdings plans to sell 18.6 per cent of its stake in a joint venture (JV) with...
Nov 21, 2018 10:40 PM

US: Wall Street opens higher as oil prices, tech stocks recover

[NEW YORK] US stocks opened higher on Wednesday after two days of heavy selling as Apple Inc and other major technology...
Nov 21, 2018 10:25 PM

Trump thanks Saudi Arabia for lower oil prices

[WASHINGTON] US President Donald Trump thanked Saudi Arabia Wednesday for lower oil prices - a day after pledging the...
Nov 21, 2018 10:11 PM

G20 draft communique avoids explicit anti-protectionist pledge

[WASHINGTON] The Group of 20 industrialized nations is drafting a communique that will exclude an explicit pledge to...
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