Tuesday, Dec 18, 2018

TOP STORIES

Singapore November exports' slide sounds caution on trade

NON-OIL domestic exports (NODX) in November slipped 2.6 per cent from a high base a year...
PUBLISHED Dec 18, 2018 05:50 AM

Developers' November sales jump but challenges lie ahead

NEW sales of private homes jumped last month to nearly two and a half times that of the...
PUBLISHED Dec 18, 2018 05:50 AM

TranSwap takes aim at remittance business

IN THE crowded but growing space of remittance startups, TranSwap is hoping to stand out...
PUBLISHED Dec 18, 2018 05:50 AM

NE Line to have major renewal project next year

SINGAPORE'S third oldest MRT line, the North East Line (NEL), will undergo a major...
PUBLISHED Dec 18, 2018 05:50 AM

NTUC Income appoints Morgan Stanley's Ronald Ong as board chairman

LOCAL insurer NTUC Income announced on Monday that it has appointed Ronald Ong Whatt Soon...
PUBLISHED Dec 18, 2018 05:50 AM

Deloitte Singapore appoints new country managing partner

AUDIT firm Deloitte has appointed a new country managing partner for the Singapore...
PUBLISHED Dec 18, 2018 05:50 AM

Xi sees himself as champion of China's 40-year reform process

CHINESE President Xi Jinping is expected to use a speech in Beijing to argue that the...
PUBLISHED Dec 18, 2018 05:50 AM

Lion Air, Boeing headed for US$22b feud over recent crash

THE recent crash of a Boeing plane that killed 189 people in Indonesia is spiralling into...
PUBLISHED Dec 18, 2018 05:50 AM
COMMENTARY

What matters most for global business in 2019?

INTERNATIONAL businesses in 2019 will mourn the demise of the post-war liberal consensus...
PUBLISHED Dec 18, 2018 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Bond investors give home bias and Robert Kuok the thumbs up

AS 2018 draws to a close, the local bond market isn't doing too badly, all things...
PUBLISHED Dec 18, 2018 05:50 AM

IHH 'resolute' on lifting Fortis' fortunes despite court rule

IHH Healthcare is resolute on consolidating its hard-fought "transformational"...
PUBLISHED Dec 18, 2018 05:50 AM

Chip testing firm backed by semiconductor veteran plans Catalist listing

SEMICONDUCTOR industry veteran Ricky Lee, who played key roles in listing Norelco...
PUBLISHED Dec 18, 2018 05:50 AM

Top Glove posts record revenue of RM1.26b in Q1

STRONGER glove sales lifted results for Top Glove Corporation in its first quarter. Net...
PUBLISHED Dec 18, 2018 05:50 AM

Britain's ASOS adds to retail gloom with profit warning

ONLINE fashion group ASOS cut its annual sales growth and profit margin forecasts on...
PUBLISHED Dec 18, 2018 05:50 AM
STOCKS

No Santa rally in sight as Christmas nears

THE much-delayed "Santa rally" remains elusive as most Asian markets opened...
PUBLISHED Dec 18, 2018 05:50 AM

Brokers' take

We hosted senior management in a series of investor meetings and came away with our...
PUBLISHED Dec 18, 2018 05:50 AM
CURRENCIES

Euro rebounds as US dollar dips ahead of Fed meeting

THE EURO recovered nearly half a per cent from recent lows on Monday as the US dollar...
PUBLISHED Dec 18, 2018 05:50 AM

No security breach on online portal: CIMB Malaysia

CIMB Malaysia on Monday reiterated that there has been no security breach on its online...
PUBLISHED Dec 18, 2018 05:50 AM

Malaysia files criminal charges against Goldman, ex-staff in 1MDB probe

MALAYSIA on Monday filed criminal charges against Goldman Sachs and two of the US bank...
PUBLISHED Dec 18, 2018 05:50 AM

DBS takes 9.9% stake in Halcyon Agri's rubber trading platform

RUBBER producer Halcyon Agri Corporation said on Monday that it has set up a digital...
PUBLISHED Dec 18, 2018 05:50 AM

Hyflux to hold second round of town hall meetings on Jan 18

HYFLUX will hold its second round of town hall meetings on Jan 18, 2019 with...
PUBLISHED Dec 18, 2018 05:50 AM

Corporate digest

TEE International on Monday said that it is currently undertaking a strategic review in...
PUBLISHED Dec 18, 2018 05:50 AM

Changing hands

Tracking fund flows in the Singapore stock market
PUBLISHED Dec 18, 2018 05:50 AM

REAL ESTATE

Datapulse to acquire Seoul hotel for 35b won

DATAPULSE Technology has entered into definitive agreements with South Korean company...
PUBLISHED Dec 18, 2018 05:50 AM

Edcon Hldgs seeks funding to stave off liquidation

EDCON Holdings Ltd asked owners of South African malls in which it operates for a 41 per...
PUBLISHED Dec 18, 2018 05:50 AM

China's US$20b new Egypt capital project talks fall through

TALKS between Egypt and Chinese builder China Fortune Land Development (CFLD) for a US$...
PUBLISHED Dec 18, 2018 05:50 AM

Noon Capital, Acre launch first project in Thailand

NOON Capital, a South-east Asia-based property developer and manager, on Monday announced...
PUBLISHED Dec 18, 2018 05:50 AM

Want to buy a London home? Brexit isn't the only thing to watch

BROKERS have been quick to blame the uncertainty around Brexit for the downturn in London...
PUBLISHED Dec 18, 2018 05:50 AM

UK housebuilders are another 'brexit football'  for the market

UK housebuilders have become a "Brexit football" and analysts are divided on...
PUBLISHED Dec 18, 2018 05:50 AM

BANKING & FINANCE

Japan's central bank to warn of rising growth risks, policy seen steady

AS THE risks to the global economy rises, the Bank of Japan (BOJ) is expected to join a...
PUBLISHED Dec 18, 2018 05:50 AM

As China sees bankruptcies surge, bondholders may get less back

CHINA'S effort to cut the burden of insolvent companies weighing on its slowing...
PUBLISHED Dec 18, 2018 05:50 AM

Europe's borrowers brace for death of easy money

BANKERS and borrowers are bracing themselves for a difficult year selling eurobonds now...
PUBLISHED Dec 18, 2018 05:50 AM

Tumultuous year raises India Inc's dependence on overseas lenders

INDIA'S companies are growing more dependent on banks to raise offshore funds going...
PUBLISHED Dec 18, 2018 05:50 AM

Ex-banker to launch fund focused on vintage string instruments

A FORMER Frankfurt banker is carving out a niche in the small but potentially lucrative...
PUBLISHED Dec 18, 2018 05:50 AM

ENERGY & COMMODITIES

Hitachi to buy ABB's power grid unit valued at US$11b

THE planned purchase by Hitachi Ltd of ABB Ltd's power grid division will be the...
PUBLISHED Dec 18, 2018 05:50 AM

Bitter end for sugar as investors line up for 2019 losses

SUGAR is ending 2018 on a bitter note on signs that a price collapse could get even worse...
PUBLISHED Dec 18, 2018 05:50 AM
NEWS ANALYSIS

China's outcast steel machines find unwelcome home in S-E Asia

CHINA banned induction furnaces (IFs) last year in a crackdown on polluting producers of...
PUBLISHED Dec 18, 2018 05:50 AM

Cambodia hails opening of country's largest dam despite opposition

CAMBODIAN premier Hun Sen on Monday opened the country's largest hydropower scheme,...
PUBLISHED Dec 18, 2018 05:50 AM

TECHNOLOGY

Report on Russia's 2016 fake news campaign goes before US Senate

A REPORT prepared for the US Senate that provides the most sweeping analysis yet of...
PUBLISHED Dec 18, 2018 05:50 AM

Foxconn not in settlement talks with Qualcomm in Apple battle

THE lead attorney for the group of Apple Inc device assemblers seeking at least US$9...
PUBLISHED Dec 18, 2018 05:50 AM

CONSUMER

Facebook Watch takes on YouTube with pranksters, magicians and cartoons

A 20-SOMETHING magician performing on the streets of Thailand and Jamaica. Three...
PUBLISHED Dec 18, 2018 05:50 AM

H&M's blowout sales raise questions about inventory

HENNES & MAURITZ AB reported its fastest quarterly sales growth in three years,...
PUBLISHED Dec 18, 2018 05:50 AM

Rising affluence in India sees higher sales of premium alcohol

THE rising affluence of India's middle class will drive growth of as much as 10 per...
PUBLISHED Dec 18, 2018 05:50 AM

TRANSPORT

Nissan meets to replace Ghosn amid rising tensions with Renault

THE board of automaker Nissan was meeting on Monday to discuss a replacement for former...
PUBLISHED Dec 18, 2018 05:50 AM

Hyundai, Kia sued by US owners claiming engine defect caused fires

HYUNDAI Motor and Kia Motors were sued by US drivers over an alleged defect that could...
PUBLISHED Dec 18, 2018 05:50 AM
OPINION

Time is ripe for Didi to seize the wheel of a Chinese carmaker

CHINA'S Didi Chuxing will seize the wheel of a carmaker in 2019. Similar to global...
PUBLISHED Dec 18, 2018 05:50 AM

GOVERNMENT & ECONOMY

Financial cycle dip could tip economies into recession: BIS

A DOWNTURN in bonds and equities could tip economies into recession, the Bank of...
PUBLISHED Dec 18, 2018 05:50 AM

China advisers urge trimming 2019 growth target amid trade war

CHINA should lower next year's growth target to 6.0-6.5 per cent as headwinds...
PUBLISHED Dec 18, 2018 05:50 AM

China and US trade barbs at WTO amid reform calls

THE United States said on Monday that China's "unfair competitive practices...
PUBLISHED Dec 18, 2018 05:50 AM

Redrawing of boundaries, lawsuits cast doubt on credibility of Thai election

THAILAND will soon hold its first election since the military seized power in a 2014 coup...
PUBLISHED Dec 18, 2018 05:50 AM

LIFE & CULTURE

Philippines wins its 4th Miss Universe title

MISS PHILIPPINES was crowned Miss Universe on Monday morning in Bangkok after a...
PUBLISHED Dec 18, 2018 05:50 AM
TAKING HEART

Doing good through silence, reflection and self-care is Hush Tea Bar's mission

HUSH is Singapore's first silent tea bar with a travelling concept. A not-for-profit...
PUBLISHED Dec 18, 2018 05:50 AM

China struggles to shed reputation as global capital of art copies

MA Chunyan's hands appear to hold Vincent Van Gogh's swirling dreamscape vision...
PUBLISHED Dec 18, 2018 05:50 AM

SME

Making cleaning robots a reality

MAKING a robot in under seven months is no easy feat, but husband and wife team Dylan Ng...
PUBLISHED Dec 18, 2018 05:50 AM

Constructing a bright future

THE distinctive name of construction company QXY Resources comes from the initials of...
PUBLISHED Dec 18, 2018 05:50 AM

OPINION

Washington is a stage, Trump is the producer

IT has been said once that Washington, DC, was like Hollywood for ugly people. But some...
PUBLISHED Dec 18, 2018 05:50 AM
THE BOTTOM LINE

Good luck to the Fed on interest rates - they'll need it

THE NINE-year economic recovery is dead. Long live the recovery.
PUBLISHED Dec 18, 2018 05:50 AM
EDITORIAL

All eyes on Beijing's response at a key anniversary event amid Huawei saga

BEIJING'S response to the arrest of Huawei's chief financial officer Meng...
PUBLISHED Dec 18, 2018 05:50 AM

Is corporate governance in Singapore on a downward trajectory?

ON Dec 5, the Asian Corporate Governance Association (ACGA) released the 2018 edition of...
PUBLISHED Dec 18, 2018 05:50 AM

Make cultural institutions accessible so more can benefit

MOST people throughout the world never visit cultural institutions such as museums or the...
PUBLISHED Dec 18, 2018 05:50 AM

Engineering education must also focus on social aspects

IN THE course of his studies, every engineer encounters - and attempts to solve - the...
PUBLISHED Dec 18, 2018 05:50 AM

BREAKING NEWS

Jan 23, 2019 01:28 PM

Broker's take: OCBC downgrades Soilbuild Reit to 'hold'

OCBC Investment Research on Wednesday downgraded Soilbuild Reit to "hold" with a lowered fair value of S$0.62...
Jan 23, 2019 01:19 PM

Global stocks rally has upper limits: Goldman

[HONG KONG] Investors hoping January's rally in stocks portends a big year of gains ahead are going to have to...
Jan 23, 2019 01:15 PM

Singapore stocks: STI resumes Wednesday afternoon at 3,186.03, down 0.2% on day

SINGAPORE stocks fell on Wednesday afternoon's trading resumption, with the Straits Times Index declining 0.21 per...
Jan 23, 2019 01:07 PM

Thai king signs decree approving first election since coup

[BANGKOK] Thailand's king has issued a royal decree endorsing the first general election since a 2014 coup, the...
Jan 23, 2019 01:07 PM

Singapore's headline, core inflation pick up in December; prices expected to rise faster in 2019

SINGAPORE saw both its headline and core inflation pick up in December, according to the latest Department of...
Jan 23, 2019 12:51 PM

Singapore releases AI model governance framework at World Economic Forum

[DAVOS] Singapore has released a model governance framework for artificial intelligence (AI), which companies in...
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