Thursday, Dec 13, 2018

TOP STORIES

Economy watchers trim Singapore 2019 GDP forecasts

SINGAPORE is headed for a slowdown, private-sector analysts said, while agreeing that the...
PUBLISHED Dec 13, 2018 05:50 AM

Savour delightful Christmas magic

IT'S Christmas, and if visions of sugar plums are dancing in your head, then check...
PUBLISHED Dec 13, 2018 05:50 AM

Who will be Britain's next leader if May goes?

LAWMAKERS in British Prime Minister Theresa May's Conservative Party on Wednesday...
PUBLISHED Dec 13, 2018 05:50 AM

Seletar Airport flight procedures pose no risk to Pasir Gudang port, says Khaw

TRANSPORT Minister Khaw Boon Wan has stressed that Singapore's plans to introduce an...
PUBLISHED Dec 13, 2018 05:50 AM

Shell appoints new Singapore chairman

AW KAH PENG will become chairman of Shell Companies in Singapore from Jan 1 as Goh Swee...
PUBLISHED Dec 13, 2018 05:50 AM

Khaw welcomes Malaysia's move to de-escalate as two ships leave; urges complete withdrawal

MALAYSIA has taken steps to de-escalate tensions arising from its ongoing maritime...
PUBLISHED Dec 13, 2018 05:50 AM

Neste invests 1.4b euros, builds new Singapore plant

FINNISH energy giant Neste revealed on Wednesday that it will pump 1.4 billion euros (S$2...
PUBLISHED Dec 13, 2018 05:50 AM

Consumer confidence up in Q3: Nielsen

CONSUMER confidence in Singapore rose in the third quarter to its highest level since...
PUBLISHED Dec 13, 2018 05:50 AM

Malaysia charges ex-1MDB chief and Najib for audit tampering

EX-1MDB president Arul Kanda and Malaysia's former prime minister Najib Razak were...
PUBLISHED Dec 13, 2018 05:50 AM

Retail sales slow sharply in October

SINGAPORE'S retail sector gained just 0.1 per cent in October on the year before,...
PUBLISHED Dec 13, 2018 05:50 AM

HK plans profits-tax exemption to woo hedge and private equity funds

HONG KONG has proposed widening tax breaks to include hedge and private equity funds that...
PUBLISHED Dec 13, 2018 05:50 AM

Trump: 'Foolish' for US Fed to raise rates in December

US PRESIDENT Donald Trump said on Tuesday it would be a mistake if the Federal Reserve...
PUBLISHED Dec 13, 2018 05:50 AM
COMMENTARY

B2B payment solutions should leverage existing innovations

IN RECENT years, retail customers' demands for a simple and seamless digital...
PUBLISHED Dec 13, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Reits' asset injections: A little less action a little more discretion, please

RIGHTS issues have become a thing to fear for Reit investors.
PUBLISHED Dec 13, 2018 05:50 AM

OUELH to co-build international hospital in Shenzhen

OUE Lippo Healthcare (OUELH) is looking to develop and operate an international hospital...
PUBLISHED Dec 13, 2018 05:50 AM

Noble given further extension for restructuring

NOBLE Group has been given a second time extension for a condition key to its...
PUBLISHED Dec 13, 2018 05:50 AM

Tencent Music sets U$1.1b IPO at bottom of price range as markets gyrate

TENCENT Music Entertainment Group and existing investors raised about US$1.1 billion...
PUBLISHED Dec 13, 2018 05:50 AM

Accrelist calls off deal with blockchain service provider

CATALIST-LISTED corporate accretion services provider Accrelist has called off its...
PUBLISHED Dec 13, 2018 05:50 AM

Corporate digest

THE first of three legal settlement payments to Catalist-listed KLW Holdings has failed...
PUBLISHED Dec 13, 2018 05:50 AM

KPMG issues disclaimer on Vibrant's financial statements

VIBRANT Group's independent auditors, KPMG, issued a disclaimer of opinion on its...
PUBLISHED Dec 13, 2018 05:50 AM

Credit Suisse to buy back stock, raise dividend

A YEAR ago, Tidjane Thiam asked Credit Suisse Group AG shareholders to stay with the bank...
PUBLISHED Dec 13, 2018 05:50 AM
STOCKS

Trade talk progress buoys Asian markets

ASIAN MARKETS rode a wave of optimism to end higher on Wednesday, following several...
PUBLISHED Dec 13, 2018 05:50 AM

Brokers' take

Fuelled by the rebound in PT Japfa Tbk and animal protein other (APO) divisions, year-to-...
PUBLISHED Dec 13, 2018 05:50 AM
CURRENCIES

US dollar rises for third day ahead of expected hike

THE US DOLLAR edged higher for a third day before a widely expected US interest rate hike...
PUBLISHED Dec 13, 2018 05:50 AM

REAL ESTATE

Singapore condo rents up 0.6% in November; HDB rents down 0.5%: SRX

THE rental market for private non-landed property in Singapore picked up in November...
PUBLISHED Dec 13, 2018 05:50 AM

Two German property firms to invest 1 billion euros in shared living

GERMAN property firms Corestate Capital Holding and Medici Living plan to invest 1...
PUBLISHED Dec 13, 2018 05:50 AM

Iconic Bangkok hotel calls time after slide in luxury room rates

A landmark Bangkok luxury hotel is being reshaped by intense competition in a city where...
PUBLISHED Dec 13, 2018 05:50 AM

Australia growth to be hit by housing 'perfect storm'

AUSTRALIA'S tumbling property prices could shave up to 1.2 percentage points from...
PUBLISHED Dec 13, 2018 05:50 AM

No signs of new property bubble in Spain, says central bank

THERE are no signs of a new property bubble in Spain and the sector is far from showing...
PUBLISHED Dec 13, 2018 05:50 AM

BANKING & FINANCE

Analysts caught flat-footed in 2018

AFTER a blockbuster 2017, the stars seemed aligned for another strong year for Asia'...
PUBLISHED Dec 13, 2018 05:50 AM

More than half of Westpac shareholders vote against exec pay

WESTPAC Banking Corp shareholders voted against its executive remuneration plans on...
PUBLISHED Dec 13, 2018 05:50 AM

India's new central bank chief faces long to-do list

INDIA'S NEW central bank governor has a list of challenges to face as he takes...
PUBLISHED Dec 13, 2018 05:50 AM

ENERGY & COMMODITIES

Red gold: Afghanistan's saffron harvest grows

STARTING before dawn has even broken, Afghanistan's army of saffron pickers shift...
PUBLISHED Dec 13, 2018 05:50 AM

Oil prices rise 1% on Opec sentiment

OIL PRICES rose by around 1 per cent on Wednesday amid a stock market rebound and on...
PUBLISHED Dec 13, 2018 05:50 AM

TECHNOLOGY

Taiwan in grip of claw crane craze

AS Taiwan's economy becomes mired in the doldrums, claw crane arcades where...
PUBLISHED Dec 13, 2018 05:50 AM

Singapore online printer Gogoprint buys Indonesia print startup

SINGAPORE-BASED Gogoprint has acquired Prinzio, an Indonesian printing startup...
PUBLISHED Dec 13, 2018 05:50 AM

Canada court grants Huawei CFO bail

A CANADIAN court on Tuesday granted bail to a top executive of Chinese telecoms giant...
PUBLISHED Dec 13, 2018 05:50 AM

For big tobacco and brewers, grass is greener

PROPONENTS of legal marijuana spent decades fighting a slow battle for mainstream...
PUBLISHED Dec 13, 2018 05:50 AM

Google's digital dragnet exposed in Congress hearing

MIDWAY through Tuesday's congressional hearing on Google, Representative Ted Poe, a...
PUBLISHED Dec 13, 2018 05:50 AM

TRANSPORT

Next EU cap on carbon dioxide still not decided

EUROPEAN UNION negotiators may make a last-ditch attempt to reach an agreement this year...
PUBLISHED Dec 13, 2018 05:50 AM

Airline profits set to return to growth on boost from lower oil

AIRLINE earnings are set to return to growth in 2019 after stuttering this year, boosted...
PUBLISHED Dec 13, 2018 05:50 AM

Red tape, funding problems hamper Lion Air black box search

BUREAUCRATIC wrangling and funding problems have hampered the search for the cockpit...
PUBLISHED Dec 13, 2018 05:50 AM
COMMENTARY

Hyundai's plans seem short on substance

FOR a company that's been preoccupied fending off pressure from activist fundĀ ...
PUBLISHED Dec 13, 2018 05:50 AM

GOVERNMENT & ECONOMY

LATEST US DATA

Underlying inflation steady, near Fed's goal

A KEY MEASURE of US inflation picked up as expected in November on rising costs for...
PUBLISHED Dec 13, 2018 05:50 AM

Cracks forming in global economy as trade tensions take centrestage

AMERICAN FARMERS have been forced to warehouse a bumper crop of soybeans, or sell at a...
PUBLISHED Dec 13, 2018 05:50 AM

Sri Lanka parliament demands sacked PM to be reinstated

SRI LANKA'S legislature voted overwhelmingly on Wednesday to demand the...
PUBLISHED Dec 13, 2018 05:50 AM

Jokowi to give poor Indonesians more money in election year

INDONESIAN PRESIDENT Joko Widodo will double cash handouts to the poor next year ahead of...
PUBLISHED Dec 13, 2018 05:50 AM

LIFE & CULTURE

COMPANY OF GOOD

Giving back is part of EY's DNA

AT professional services firm EY, community engagement and giving back through its staff...
PUBLISHED Dec 13, 2018 05:50 AM

Paul Singer's Elliott pounces on world's second largest distiller

BILLIONAIRE Paul Singer's Elliott Management Corp pounced on another European...
PUBLISHED Dec 13, 2018 05:50 AM

OPINION

The tide of gender inequality is blockchanging

WHEN I first began researching blockchain, I was instantly convinced of its potential to...
PUBLISHED Dec 13, 2018 05:50 AM
COMMENTARY

India must regain investor trust

URJIT Patel's resignation as governor of the Reserve Bank of India (RBI) echoes what...
PUBLISHED Dec 13, 2018 05:50 AM
EDITORIAL

Thailand's Feb 24 election marks big step on return to democracy

IF all goes according to plan, Thailand will hold its first general election in nearly...
PUBLISHED Dec 13, 2018 05:50 AM

Balancing economy and environment

DEC 18, 1978, is a milestone in China's history. It was the start of the third...
PUBLISHED Dec 13, 2018 05:50 AM
COMMENTARY

Can firms do well by doing good?

CONVENTIONAL business wisdom argues that the prime purpose of companies is to maximise...
PUBLISHED Dec 13, 2018 05:50 AM
COMMENTARY

Photonics lights the way for Singapore's Smart Nation

Singapore today leads the world when it comes to powering a world-class smart nation,...
PUBLISHED Dec 13, 2018 05:50 AM

BREAKING NEWS

Jan 23, 2019 06:36 AM

Waymo revs up self-driving car making near Motor City

[SAN FRANCISCO] Waymo on Tuesday announced it will rev up its self-driving car production by establishing a factory...
Jan 23, 2019 06:35 AM

General Electric to cut up to 468 jobs in France: unions

[BELFORT, France] US energy giant General Electric plans to slash up to 468 jobs across France, union sources said...
Jan 23, 2019 06:33 AM

White House denies reports of canceled trade meeting

[WASHINGTON] A top White House aide flatly rejected media reports on Tuesday that Washington had canceled a trade...
Jan 23, 2019 06:32 AM

Trump vows not to 'cave' on 32nd day of government shutdown

[WASHINGTON] President Donald Trump had a message on Tuesday for Democrats hoping he'll relent in the political...
Jan 23, 2019 06:28 AM

US banks boost aid to customers as federal shutdown drags on

[NEW YORK] Lenders across the US are bolstering assistance programs and evaluating how else to help their customers as...
Jan 23, 2019 06:18 AM

Oil settles down 2% as global growth slows, supply rises

[HOUSTON] Oil prices dropped about 2 per cent on Tuesday over concerns the world's stumbling economy could pinch...
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