Thursday, Nov 08, 2018

TOP STORIES

BT EXCLUSIVE

Fintech gives fillip to jobs and funding in Singapore financial sector

SINGAPORE'S move to develop the fintech sector came at a critical juncture, a time...
PUBLISHED Nov 8, 2018 05:50 AM

Issues behind trade war are the real problem: Tharman

THE biggest problem the world will face in 2019 is not simply the impact of the US-Sino...
PUBLISHED Nov 8, 2018 05:50 AM

Travel alone and rediscover yourself

FOR a fast-growing breed of solo travellers, the new hashtag could be #metime, as...
PUBLISHED Nov 8, 2018 05:50 AM

Soaring US deficit a negative for equities: BlackRock chief

THE ballooning US federal deficit - projected to surpass US$1 trillion next year - is set...
PUBLISHED Nov 8, 2018 05:50 AM
NEW FUNDING

ONE Championship to invest up to US$50m in e-sports with partners

SINGAPORE-BASED martial arts organisation, ONE Championship, on Wednesday said it intends...
PUBLISHED Nov 8, 2018 05:50 AM
NEW FUNDING

MassMutual's venture capital arm sets up US$50m fund in Singapore

MASSMUTUAL Ventures (MMV), the venture capital arm of the Massachusetts Mutual Life...
PUBLISHED Nov 8, 2018 05:50 AM
NEW FUNDING

Hyundai pumps US$250m more into Grab; to supply its Singapore EV fleet

HYUNDAI Motor Group has agreed to invest an additional US$250 million into Grab Holdings...
PUBLISHED Nov 8, 2018 05:50 AM
OUTCOME OF US MID-TERMS

Mixed views on Wall Street as poll results turn out as expected

THE big question facing global investors is how Wall Street will perform in the medium...
PUBLISHED Nov 8, 2018 05:50 AM
OPINION

The upshot of the mid-term poll results

TAKING control of the House of Representatives will give the Democrats a gold mine worth...
PUBLISHED Nov 8, 2018 05:50 AM

Readership of English newspapers stable: Nielsen

READERSHIP of Singapore's English dailies has remained stable as growth in digital...
PUBLISHED Nov 8, 2018 05:50 AM

Eli Lilly unit opens research facility, inks MOU to work on trials

LILLY Centre for Clinical Pharmacology (LCCP), a subsidiary of US-based Eli Lilly and...
PUBLISHED Nov 8, 2018 05:50 AM

Pound's rally may be ignoring big risk of not getting any Brexit deal

THE pound's rally this month on growing optimism for a Brexit agreement may be...
PUBLISHED Nov 8, 2018 05:50 AM

COMPANIES & MARKETS

US-China row hits Hi-P Q3 profits

MAINBOARD-LISTED contract manufacturer Hi-P International fell victim to the US-China...
PUBLISHED Nov 8, 2018 05:50 AM

Aspial net profit soars to S$18.7m; declares 0.25 cent a share dividend

PROPERTY developer and jeweller Aspial Corp has made a net profit of S$18.7 million in...
PUBLISHED Nov 8, 2018 05:50 AM

Perennial's Q3 net profit nearly triples on net fair value gain

THIRD quarter net profit at Perennial Real Estate Holdings (Perennial) nearly tripled to...
PUBLISHED Nov 8, 2018 05:50 AM

OUE Hospitality Trust Q3 DPS falls 5.9%

OUE Hospitality Trust's (OUE H-Trust) distribution per stapled security (DPS) for...
PUBLISHED Nov 8, 2018 05:50 AM

Corporate digest

EC WORLD Reit has posted a distribution per unit (DPU) of 1.57 Singapore cents in the...
PUBLISHED Nov 8, 2018 05:50 AM

CSE Global's Q3 net profit up 67%

CSE Global has posted a net profit of S$5 million in the third quarter, up 67 per cent...
PUBLISHED Nov 8, 2018 05:50 AM

Advance SCT to expand into infrastructure engineering

ADVANCE SCT (ASCT), a supplier of copper-related products, plans to diversify into the...
PUBLISHED Nov 8, 2018 05:50 AM

Jardine C&C Q3 gain down on fair-value losses

JARDINE Cycle & Carriage (Jardine C&C) on Wednesday posted a 3 per cent dip in...
PUBLISHED Nov 8, 2018 05:50 AM
COMMENTARY

China's IPO drought is due to regulator having too few staff to vet listing aspirants

A STOCK market devoid of IPOs is a stagnant pool.
PUBLISHED Nov 8, 2018 05:50 AM

H1 sales at Marks & Spencer hit by its latest reinvention

SALES at Marks & Spencer fell in the first half of its financial year, with demand...
PUBLISHED Nov 8, 2018 05:50 AM

SoftBank IPO seeks record two trillion yen from retail investors

SOFTBANK Group Corp is seeking to raise a record two trillion yen (24.2 billion) from...
PUBLISHED Nov 8, 2018 05:50 AM
STOCKS

STI gives up bulk of earlier gains of 32 pts

SINGAPORE shares ended slightly up on Wednesday after giving up most of its gains from...
PUBLISHED Nov 8, 2018 05:50 AM

Brokers' take

MANULIFE US Reit delivered another solid set of quarterly results, backed by...
PUBLISHED Nov 8, 2018 05:50 AM
CURRENCIES

US dollar's losses gather steam as stimulus hopes fade

THE US dollar's losses accelerated on Wednesday with an index falling half a per...
PUBLISHED Nov 8, 2018 05:50 AM

REAL ESTATE

CapitaLand sells 2b yuan of new China homes

CAPITALAND on Wednesday said that it has held four successful residential launches in the...
PUBLISHED Nov 8, 2018 05:50 AM

Merchants Building up for collective sale with S$23.5 million reserve price

A SEVEN-STOREY freehold commercial building - Merchants Building at 76 South Bridge Road...
PUBLISHED Nov 8, 2018 05:50 AM

Amazon's potential NY home bolstered by Trump's tax breaks

LONG Island City was preparing for its breakneck development to pick up speed even before...
PUBLISHED Nov 8, 2018 05:50 AM

Colliers expects 14% full-year rise in CBD Grade A office rents

COLLIERS International's data shows average CBD Premium and Grade A rental value...
PUBLISHED Nov 8, 2018 05:50 AM

Qatar agrees to buy London's Grosvenor House hotel

QATAR has agreed to buy one of London's most famous hotels, the Grosvenor House, as...
PUBLISHED Nov 8, 2018 05:50 AM

BANKING & FINANCE

Smaller deals emerge in Asia USD bond market

IN Asia's struggling dollar bond market, a trend toward smaller issuance sizes has...
PUBLISHED Nov 8, 2018 05:50 AM

China central bank sells first yuan bills in HK as currency pressures build up

THE People's Bank of China sold its first yuan-denominated bills in Hong Kong on...
PUBLISHED Nov 8, 2018 05:50 AM

ENERGY & COMMODITIES

Crude set for longest losing run since 2014 as supply fears ease

CRUDE'S poised for the longest losing streak since 2014 as concerns of a supply...
PUBLISHED Nov 8, 2018 05:50 AM
COMMENTARY

Trump's Iran crude oil waivers may just delay day of reckoning

IN THE END, President Donald Trump kicked the Iran crude oil sanctions can six months...
PUBLISHED Nov 8, 2018 05:50 AM

Demand has likely peaked for now: China's top steelmaker

CHINA'S top steel mill says domestic usage has probably hit a peak and will...
PUBLISHED Nov 8, 2018 05:50 AM

TECHNOLOGY

Russian trolls were at it again before US mid-term polls, says Facebook

A KREMLIN-backed group of Internet trolls that meddled in the 2016 presidential election...
PUBLISHED Nov 8, 2018 05:50 AM

Google rolls out new ad solution for small businesses across the Asia-Pacific

GOOGLE announced on Wednesday the roll-out of a solution that makes it easy for owners of...
PUBLISHED Nov 8, 2018 05:50 AM

Google touts progress in fight against piracy

GOOGLE said on Wednesday it is making strides in helping Internet users legitimately get...
PUBLISHED Nov 8, 2018 05:50 AM

Xi calls for global cooperation to create 'fairer' internet

CHINA'S President Xi Jinping called on Wednesday for greater global cooperation in...
PUBLISHED Nov 8, 2018 05:50 AM

CONSUMER

Golden Triangle's drug production expands amid opioid concerns

ORGANISED crime groups are expanding and diversifying drug production in South-east Asia...
PUBLISHED Nov 8, 2018 05:50 AM

Birkin bag maker Hermes sees no slowdown in Chinese sales

FRANCE'S Hermes reported strong third-quarter sales momentum, with its leather goods...
PUBLISHED Nov 8, 2018 05:50 AM

TRANSPORT

Revamped One.Motoring site offers four more new services

VEHICLE owners can soon perform more services through the One.Motoring website, the Land...
PUBLISHED Nov 8, 2018 05:50 AM

Boeing close to issuing safety warning on 737 Max: source

BOEING Co is preparing to send a safety warning to operators of its new 737 Max jets in...
PUBLISHED Nov 8, 2018 05:50 AM

BMW posts 27% fall in Q3 profit

GERMAN carmaker BMW on Wednesday reported a 27 per cent drop in third-quarter operating...
PUBLISHED Nov 8, 2018 05:50 AM

Passengers create stink over pungent planeload of durian

A CARGO of pungent durian fruit led an Indonesian plane to be delayed for an hour after...
PUBLISHED Nov 8, 2018 05:50 AM

GOVERNMENT & ECONOMY

Democrats aim to rein in Trump after seizing US House

DONALD Trump faced greater restraints on his presidency after Democrats won control of...
PUBLISHED Nov 8, 2018 05:50 AM

Indian government set to turn up heat on central bank governor

THE Indian government intends to keep pressing demands for the country's central...
PUBLISHED Nov 8, 2018 05:50 AM

Japan to consider easing M&A rules as regional banks struggle

JAPAN'S government has kicked off debate on changing antitrust rules to make it...
PUBLISHED Nov 8, 2018 05:50 AM

LIFE & CULTURE

COMPANY OF GOOD

Becoming a champion (of good) in business

IT IS not uncommon to read or hear of how some companies are doing good. A quick search...
PUBLISHED Nov 8, 2018 05:50 AM

Metoo, Brexit, environment inspire new dictionary entries

"SINGLE-USE" was named the Collins Dictionary word of the year on Wednesday,...
PUBLISHED Nov 8, 2018 05:50 AM

Mercedes ready to wrap up fifth straight F1 constructors' title

LEWIS Hamilton is already celebrating his fifth Formula One world championship, and this...
PUBLISHED Nov 8, 2018 05:50 AM

OPINION

Nuclear treaty abrogation imperils global security

DONALD Trump's proposed abrogation of the Intermediate-Range Nuclear Forces Treaty...
PUBLISHED Nov 8, 2018 05:50 AM
EDITORIAL

Raising withdrawal age for CPF may not be right or needed move

THE Central Provident Fund (CPF) is often studied for its efficacy in meeting the...
PUBLISHED Nov 8, 2018 05:50 AM
THE BOTTOM LINE

How countries manage their debt load matters

MARKETS face severe disruption. Countries swapping their foreign currency debt back into...
PUBLISHED Nov 8, 2018 05:50 AM

Decline of the West: Economists should have sounded the alert sooner

NOW that we are witnessing what looks like the historic decline of the West, it is worth...
PUBLISHED Nov 8, 2018 05:50 AM
COMMENTARY

A Brexit deal will not end Theresa May's political woes

THERESA May will meet with Angela Merkel and Emmanuel Macron this weekend on the...
PUBLISHED Nov 8, 2018 05:50 AM
COMMENTARY

Still a way to go in the use of HR tech

SINGAPORE is often lauded as one of the most technologically advanced countries in the...
PUBLISHED Nov 8, 2018 05:50 AM

BREAKING NEWS

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...
Nov 21, 2018 09:40 PM

Boeing 737 narrowly avoided disaster in Belfast amid crew error

[LONDON] A Boeing Co 737 jet struck a light almost 100 feet beyond the end of a runway and just 14 inches high after...
Nov 21, 2018 09:26 PM

Trump sticks by Saudi Crown Prince

[WASHINGTON] President Donald Trump doubled down on his support for Saudi Arabia, saying the murder of Jamal Khashoggi...
Nov 21, 2018 09:05 PM

US carrier visits Hong Kong amid heightened China tensions

[HONG KONG] An American warship and carrier strike group visited Hong Kong Wednesday in a move seen as a conciliatory...
Nov 21, 2018 08:58 PM

Jumbo Group posts 23.8% fall in FY18 profit

CHILLI crab restaurant chain Jumbo Group on Wednesday reported a 23.8 per cent fall in net profit for its fiscal 2018,...
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