Thursday, Nov 15, 2018

TOP STORIES

SINGAPORE STOCKS

Death knell for contra trading as T+2 looms

COME Dec 10, trade settlement on the Singapore Exchange (SGX) will be cut from three to...
PUBLISHED Nov 15, 2018 05:50 AM
SINGAPORE FINTECH FESTIVAL 2018

Digital currency for the freedom to quaff a pint

IF, in time, beer drinkers get penalised on their credit scores, could a state-backed...
PUBLISHED Nov 15, 2018 05:50 AM

A culinary road trip in S Korea

IF YOU think Japan holds the gold standard when it comes to gourmet food, you're not...
PUBLISHED Nov 15, 2018 05:50 AM
SINGAPORE FINTECH FESTIVAL 2018

Private exchanges a good way for startups to rehearse for IPO

FIRMS can look to private exchanges for capital raising and as a way to prepare for an...
PUBLISHED Nov 15, 2018 05:50 AM
SINGAPORE FINTECH FESTIVAL 2018

Fintech sets path to financial inclusion: Modi

NO emerging enterprise should be made "stillborn" from being cut off from...
PUBLISHED Nov 15, 2018 05:50 AM
SINGAPORE FINTECH FESTIVAL 2018

MAS shoots to approve startups' entry into express sandbox in 21 days

TWENTY-ONE days - that's how quickly the Monetary Authority of Singapore (MAS) aims...
PUBLISHED Nov 15, 2018 05:50 AM
SINGAPORE FINTECH FESTIVAL 2018

'Reducing friction' for its consumers is key for Go-Jek

GO-JEK has a simple philosophy when it comes to expanding in South-east Asia, at least...
PUBLISHED Nov 15, 2018 05:50 AM

Three global banks open innovation labs in Singapore

THREE global banks on Wednesday launched their respective innovation labs in Singapore...
PUBLISHED Nov 15, 2018 05:50 AM

China economy shows signs of stabilising in Oct, but pressures remain

CHINA'S economy has shown timid signs it may be bottoming out after the pace of...
PUBLISHED Nov 15, 2018 05:50 AM
ASEAN SUMMIT 2018

RCEP conclusion delayed due to 'unique challenges': PM Lee

THE much-awaited finalisation of the Asean-led Regional Comprehensive Economic...
PUBLISHED Nov 15, 2018 05:50 AM
ASEAN SUMMIT 2018

Global trading system needs reforms: PM Lee

THE global trade system needs reforms to stay relevant, Prime Minister Lee Hsien Loong...
PUBLISHED Nov 15, 2018 05:50 AM
OPINION

America lays down gauntlet for Asean, Apec summits

THE global spotlight turns to the Asia-Pacific this week, with world leaders from Russia...
PUBLISHED Nov 15, 2018 05:50 AM
ASEAN SUMMIT 2018

Russian venture investor sees Singapore as springboard to Asia

A RUSSIAN venture investor with US$100 million under management, described as Europe...
PUBLISHED Nov 15, 2018 05:50 AM

COMPANIES & MARKETS

ST Engg to raise debt for US$630m MRAS takeover

SINGAPORE Technologies Engineering (ST Engg) intends to tap the debt market for the US$...
PUBLISHED Nov 15, 2018 05:50 AM

SingHaiyi cancels bulk sale involving 34 condo units in California

PROPERTY developer SingHaiyi Group has terminated the bulk sale involving 34 condominium...
PUBLISHED Nov 15, 2018 05:50 AM

Corporate digest

NAM Cheong turned profitable in the third quarter on a one-time gain of RM353.8 million (...
PUBLISHED Nov 15, 2018 05:50 AM
HOCK LOCK SIEW

Are legacy businesses a dead weight on telcos?

RECENT executive appointments at telcos StarHub and M1 have raised the level of chatter...
PUBLISHED Nov 15, 2018 05:50 AM

CapitaLand sees Q4 earnings boost from recognition of residential units sold in China

PROPERTY developer CapitaLand expects the fourth quarter to receive a boost from a bumper...
PUBLISHED Nov 15, 2018 05:50 AM

United Engineers net profit falls 16% in Q3

UNITED Engineers (UE) has posted a net profit of S$7.7 million in the third quarter, down...
PUBLISHED Nov 15, 2018 05:50 AM

SPH offers digital TV promotion

FOR those who have yet to switch to digital television, fret not - an exciting deal is...
PUBLISHED Nov 15, 2018 05:50 AM

SIA's transformation plan bearing fruit despite fuel-related cost pressures

EVEN as Singapore Airlines (SIA) contends with high fuel prices - albeit mitigated by a...
PUBLISHED Nov 15, 2018 05:50 AM

Olam Q3 profit drops 14.2% to S$20.7m

AGRI-FOOD business Olam International said third-quarter earnings fell 14.2 per cent to S...
PUBLISHED Nov 15, 2018 05:50 AM

Cromwell E-Reit posts 10-month DPU above forecast

CROMWELL European Reit (Cromwell E-Reit) on Wednesday reported that its distribution per...
PUBLISHED Nov 15, 2018 05:50 AM

SGX inks pact with Bank of China, CFETS to promote their bond indices

THE Singapore Exchange (SGX) on Wednesday announced that it had signed a strategic...
PUBLISHED Nov 15, 2018 05:50 AM

Tencent tops estimates as ads outpace struggling games business

TENCENT Holdings Ltd's profit beat analyst estimates as strong growth in advertising...
PUBLISHED Nov 15, 2018 05:50 AM

Samsung unit faces potential criminal probe after breaking accounting rules

SAMSUNG Group's biotechnology unit is facing a potential criminal investigation and...
PUBLISHED Nov 15, 2018 05:50 AM
STOCKS

STI falls for fourth straight session

SINGAPORE stocks fell for a fourth straight session on Wednesday, dampened by a mix of...
PUBLISHED Nov 15, 2018 05:50 AM

Brokers' take

UOL reported its Q3 2018 results which met our expectations. Group revenue slipped 2.6...
PUBLISHED Nov 15, 2018 05:50 AM
CURRENCIES

Euro stuck below US$1.13 on Italian jitters

THE euro struggled below US$1.13 on Wednesday as Italy stuck to its deficit target in a...
PUBLISHED Nov 15, 2018 05:50 AM

REAL ESTATE

Condo rents slip 0.7% in October, HDB rents inch up 0.3%: SRX

THE leasing market for private non-landed homes remained soft while improving slightly...
PUBLISHED Nov 15, 2018 05:50 AM

Nearly half of Kent Ridge Hill Residences units sold at official launch

ALMOST half of the 250 units at Kent Ridge Hill Residences were sold at its official...
PUBLISHED Nov 15, 2018 05:50 AM

China's Oct property investment growth hits 10-month low

GROWTH in China's real estate investment in October cooled to a 10-month low and...
PUBLISHED Nov 15, 2018 05:50 AM

Fragrance plans hotels along Waterloo St, Hoe Chiang Rd

FRAGRANCE Group, controlled by James Koh Wee Meng, is planning to develop hotels along...
PUBLISHED Nov 15, 2018 05:50 AM

BCA eyes 'live' demonstration projects in digital push

A PLAN has been launched to encourage the building industry to go digital, by providing...
PUBLISHED Nov 15, 2018 05:50 AM

BANKING & FINANCE

Shadow banking crisis is starting to hit India's consumers

KARAN Dua, an electronics shop owner in south-central Mumbai, placed his hope of...
PUBLISHED Nov 15, 2018 05:50 AM

Billionaire Cohen says bear market coming within two years

BILLIONAIRE hedge fund manager Steve Cohen said a bear market is coming within two years...
PUBLISHED Nov 15, 2018 05:50 AM

ENERGY & COMMODITIES

UAE's Adnoc wants to rival oil majors

ABU Dhabi National Oil Co (Adnoc) will remain wholly-owned by the Abu Dhabi government...
PUBLISHED Nov 15, 2018 05:50 AM
COMMENTARY

Singapore must help lead change in oil sector

THE end of the oil and gas industry as we know it has been predicted for many years as...
PUBLISHED Nov 15, 2018 05:50 AM

Soybean trade goes haywire as major exporter turns to imports

THE world of soybean shipping has turned upside down thanks to the ongoing US-China trade...
PUBLISHED Nov 15, 2018 05:50 AM

TECHNOLOGY

Streaming giants fight it out in 'movie-mad' India for slice of the pie

MEGHAL Karekar is hooked on watching smartphone videos, an addiction shared with 200...
PUBLISHED Nov 15, 2018 05:50 AM

CONSUMER

Marie Antoinette's jewels go on the block

MARIE Antoinette's diamonds and pearls, not seen in public for two centuries, have...
PUBLISHED Nov 15, 2018 05:50 AM

German grocer Rewe takes aim at Amazon with cutting-edge facility

IN AN industrial park outside Cologne, German grocer Rewe Group is fighting back against...
PUBLISHED Nov 15, 2018 05:50 AM

Harry Winston makes record US$50m bid for pink diamond

HARRY Winston made the winning US$50 million bid for a pink diamond at an auction by...
PUBLISHED Nov 15, 2018 05:50 AM

TRANSPORT

SIA finding premium economy a tougher sell on new non-stop US flights

SINGAPORE Airlines is facing no problem selling business class tickets on its ultra-long...
PUBLISHED Nov 15, 2018 05:50 AM

Boeing studies need for 737 MAX software changes after crash

THE US Federal Aviation Administration and Boeing are evaluating the need for software or...
PUBLISHED Nov 15, 2018 05:50 AM

Maersk warns trade war hitting container shipping

DANISH shipping group AP Moller-Maersk beat third-quarter operating profit forecasts on...
PUBLISHED Nov 15, 2018 05:50 AM

GOVERNMENT & ECONOMY

Japan's economy contracts more than expected in Q3

JAPAN'S economy shrank more than expected in the third quarter, hit by natural...
PUBLISHED Nov 15, 2018 05:50 AM

Brexit statement in UK Parliament likely on Thursday

THE speaker of Britain's Parliament said he had been told to expect a government...
PUBLISHED Nov 15, 2018 05:50 AM
LATEST US DATA

Mixed signs in October on consumer price outlook

AN UNDERLYING measure of US consumer prices picked up in October while trailing forecasts...
PUBLISHED Nov 15, 2018 05:50 AM

New Sri Lanka PM loses confidence vote

SRI Lanka's parliament passed a no-confidence motion against newly appointed Prime...
PUBLISHED Nov 15, 2018 05:50 AM

Apec summit: The Xi show by the sea shore

HUNDREDS of fluttering red flags, buses emblazoned with "China Aid" logos and...
PUBLISHED Nov 15, 2018 05:50 AM

LIFE & CULTURE

Hopper painting sells for record US$91.9m at Christie's

HE is America's most celebrated painter of the solitary realities of 20th century...
PUBLISHED Nov 15, 2018 05:50 AM

Indie comic Black Hammer gets major film, TV deal

A foul-mouthed 9-year-old with a taste for booze and cigarettes. An alien shape changer...
PUBLISHED Nov 15, 2018 05:50 AM

OPINION

A future-ready justice system for Singapore

IN 2015, the Chief Justice established the Civil Justice Commission (CJC) to review...
PUBLISHED Nov 15, 2018 05:50 AM
EDITORIAL

Financial inclusion should be measure of success for fintech

THE buzz at this year's Singapore Fintech Festival, the world's biggest, shows...
PUBLISHED Nov 15, 2018 05:50 AM
THE BOTTOM LINE

Speed up efforts to develop a global financial framework

IN the postwar period, the global economic and financial architecture was dominated by...
PUBLISHED Nov 15, 2018 05:50 AM

Bipartisanship a forgotten phrase in Washington

IT always happens when the sitting president's party loses seats in Congress after a...
PUBLISHED Nov 15, 2018 05:50 AM
COMMENTARY

Collaboration key in making NZ and Singapore big players on the financial services stage

THE technological revolution over the last few years has undeniably disrupted many...
PUBLISHED Nov 15, 2018 05:50 AM
COMMENTARY

Combating cybersecurity threats is a shared responsibility

THIS year's cyber attack on SingHealth has elevated the threat of cyber crime...
PUBLISHED Nov 15, 2018 05:50 AM

BREAKING NEWS

Dec 14, 2018 10:36 AM

Seoul: Stocks, won sag as tech shares fall amid global uncertainties

[SEOUL] South Korea's Kospi stock index and the won weakened on Friday as trade hopes fade while the European...
Dec 14, 2018 10:31 AM

China's year of adversity costs stock investors US$2 trillion

[HONG KONG] A deluge of misfortunes has left China's equity investors with their biggest losses in years, wherever...
Dec 14, 2018 10:26 AM

Trump was present for Enquirer hush-money plan, source says

[NEW YORK] US federal prosecutors said this week that at least one unidentified member of Donald Trump's campaign...
Dec 14, 2018 10:10 AM

China's November industrial output, retail sales growth misses expectations

[BEIJING] China's November industrial output grew 5.4 per cent from a year earlier and retail sales increased 8.1...
Dec 14, 2018 10:04 AM

LVMH close to US$2.6b deal to buy Belmond: WSJ

[TOKYO] LVMH is close to acquiring Belmond Ltd in a deal that would value the operator of high-end hotels and the...
Dec 14, 2018 09:59 AM

Tennis: Nadal to join Federer in 2019 Laver Cup

[GENEVA] Spaniard Rafael Nadal will team up with perennial rival Roger Federer for the third edition of the Laver Cup...
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