Wednesday, Jan 23, 2019

TOP STORIES

No US recession in 2019, although economist warn of self-fulfilling prophecy

ECONOMISTS at the three local banks don't see the US economy going into a recession...
PUBLISHED Jan 23, 2019 05:50 AM
SINGAPORE BUDGET 2019

More government support for a slowing economy expected: Fitch

FITCH Solutions analysts are looking at looser fiscal policy from the Singapore...
PUBLISHED Jan 23, 2019 05:50 AM
SINGAPORE BUDGET 2019

Plans to focus on health, infrastructure in budget

SINGAPORE'S finance minister said next month's budget will focus on...
PUBLISHED Jan 23, 2019 05:50 AM
STARTUPS

Neuron Mobility unveils e-scooter built in-house; eyes Series A funding

E-SCOOTER sharing startup Neuron Mobility hopes to whizz past its competition with a new...
PUBLISHED Jan 23, 2019 05:51 AM

Trend Micro makes Singapore regional HQ, invests in new capabilities

CYBERSECURITY firm Trend Micro has designated Singapore its Asia-Pacific, Middle East and...
PUBLISHED Jan 23, 2019 05:50 AM
NEWS ANALYSIS

Firm sterling points towards support for May's strategy

CURRENCY and stock markets are betting that the UK will avoid crashing out of the...
PUBLISHED Jan 23, 2019 05:50 AM

Dyson moving corporate head office to Singapore

DYSON is moving its corporate head office to Singapore "to reflect the increasing...
PUBLISHED Jan 23, 2019 05:50 AM

COMPANIES & MARKETS

Sale of Ascott Raffles Place in line with 'legal and regulatory rules'

ASCOTT Reit's manager said on Monday evening that the sale price of S$353.3 million...
PUBLISHED Jan 23, 2019 05:50 AM

Short tempers, long queues aplenty as hunt for CNY notes heats up

IT'S been "madhouse" in the local banks for the past week and this is...
PUBLISHED Jan 23, 2019 05:50 AM

Keppel-SPH joint venture stands pat on offer price for M1, extends offer closing date

THE joint venture (JV) company of Keppel Corp and Singapore Press Holdings (SPH) has...
PUBLISHED Jan 23, 2019 05:50 AM

Vibrant Group JV hit by winding-up petition from partner in KL

THEY teamed up in 2013 to invest in a Malaysian property. But Vibrant Group and Desa...
PUBLISHED Jan 23, 2019 05:50 AM

Corporate digest

MAPLETREE Industrial Trust's distribution per unit rose 6.6 per cent to 3.07...
PUBLISHED Jan 23, 2019 05:50 AM

Keppel DC Reit DPU up 5.7% in Q4 on acquisitions

KEPPEL DC Reit has posted a fourth-quarter distribution per unit (DPU) of 1.85 Singapore...
PUBLISHED Jan 23, 2019 05:50 AM

Keppel Infra Trust's Q4 DPU flat at 0.93 Singapore cent

KEPPEL Infrastructure Trust (KIT) on Tuesday reported a distribution per unit (DPU) of 0...
PUBLISHED Jan 23, 2019 05:50 AM
STOCKS

Local stocks slide on global growth fears

SINGAPORE stocks slid again on Tuesday, after the International Monetary Fund (IMF)...
PUBLISHED Jan 23, 2019 05:50 AM

Brokers' take

Mapletree Logistics Trust (MLT) reported a strong set of Q3 FY2019 results which met our...
PUBLISHED Jan 23, 2019 05:50 AM
CURRENCIES

Euro slumps on weak data, IMF growth forecast cuts

THE euro struggled near a three-week low on Tuesday as weak data and a cut in European...
PUBLISHED Jan 23, 2019 05:50 AM

REAL ESTATE

Ascendas-Singbridge starts work on Phase 3 of Hangzhou project

SUSTAINABLE business space solutions provider Ascendas-Singbridge Group on Tuesday...
PUBLISHED Jan 23, 2019 05:50 AM

S$72m fund set up to boost skills in Singapore construction sector

A S$72 million training fund has been set up to help the building industry move away from...
PUBLISHED Jan 23, 2019 05:50 AM

Jiayuan chairman, wife sold HK stock as price dives

THE chairman of a Hong Kong-listed property developer and his wife cut their stake just...
PUBLISHED Jan 23, 2019 05:50 AM

CEO of UK builder Kier quits after poor response to rights issue

KIER Group chief executive Haydn Mursell is leaving the British builder with immediate...
PUBLISHED Jan 23, 2019 05:50 AM

BANKING & FINANCE

Apac AUM to hit almost US$30t by 2025, beating out global regions: PwC

BY 2025, the amount of assets under management (AUM) in the Asia-Pacific is set to...
PUBLISHED Jan 23, 2019 05:50 AM

UBS warns market falls will hit wealth management revenues

UBS Group AG warned that client activity is still recovering after investors pulled US$13...
PUBLISHED Jan 23, 2019 05:50 AM

Hedge funds get key role at US$140b Swedbank money manager

AT Swedbank Robur, which manages about US$140 billion in assets, hedge funds are playing...
PUBLISHED Jan 23, 2019 05:50 AM

ENERGY & COMMODITIES

Oil industry gaining confidence, set to up spending in 2019

AFTER years of gloom, the oil industry is out of its slump.
PUBLISHED Jan 23, 2019 05:50 AM

There's a golden shelter from recession risks with these miners

THERE'S a better potential haven than gold for investors spooked by the risk of a...
PUBLISHED Jan 23, 2019 05:50 AM

TECHNOLOGY

Google fined 50m euros in EU data privacy breach

AFTER European policymakers adopted a sweeping data privacy law last year, the big...
PUBLISHED Jan 23, 2019 05:50 AM

Just Eat CEO exits with threat from Uber, Deliveroo growing

JUST Eat Plc's CEO is leaving after a surge in competition from rival apps and...
PUBLISHED Jan 23, 2019 05:50 AM

WhatsApp limits forwarding to fight fake news

FACEBOOK-OWNED mobile messaging platform WhatsApp announced on Monday that it was...
PUBLISHED Jan 23, 2019 05:50 AM

China drone maker DJI signals US$150m loss from graft

CHINA'S SZ DJI Technology Co Ltd, the world's largest maker of consumer drones...
PUBLISHED Jan 23, 2019 05:50 AM

CONSUMER

COMMENTARY

Home truths are holding back China's consumers

CHINA'S consumers have been tightening their belts, and the trend looks unlikely to...
PUBLISHED Jan 23, 2019 05:50 AM

Amazon.com launching sales of goods in Brazil after delays

AMAZON.COM Inc is launching its long-awaited in-house fulfilment and delivery network in...
PUBLISHED Jan 23, 2019 05:50 AM

TRANSPORT

STRAIT TALK

Who is to blame for use of illegal fuel?

IN NOVEMBER last year, the US master of the cruise ship Azura, owned by Carnival Corp...
PUBLISHED Jan 23, 2019 05:50 AM

Tesla says it has quotes on batteries from Lishen, but no deal yet

TESLA said on Tuesday it had received quotes from Tianjin Lishen to supply batteries for...
PUBLISHED Jan 23, 2019 05:50 AM

New war risks insurance conditions for maritime sector

SINGAPORE'S maritime community can enjoy enhanced coverage for war risks under new...
PUBLISHED Jan 23, 2019 05:50 AM

Gatwick drone disruption leaves easyJet £15m poorer

EASYJET lost £15 million (S$26.4 million) in the 36 hours of travel chaos sparked by...
PUBLISHED Jan 23, 2019 05:50 AM

Brazil to privatise more airports, railways for grains

BRAZIL'S government will announce the privatisation of southern airports, including...
PUBLISHED Jan 23, 2019 05:50 AM

Israel opens new international airport near Red Sea

ISRAEL inaugurated a new international airport on Monday in its desert south meant to...
PUBLISHED Jan 23, 2019 05:50 AM

GOVERNMENT & ECONOMY

WORLD ECONOMIC FORUM

In Davos, investors agree: Fed must rethink tightening

THE US Federal Reserve and other major central banks are right to rethink their plans to...
PUBLISHED Jan 23, 2019 05:50 AM

China's Q4 GDP growth dented by services, agriculture

WEAKNESS in the service and farm sectors slowed China's economic growth in the...
PUBLISHED Jan 23, 2019 05:50 AM

France, Germany try to revive embattled EU project

THE leaders of France and Germany signed a new treaty on Tuesday to update their 1963...
PUBLISHED Jan 23, 2019 05:50 AM
COMMENTARY

Are India's budget numbers bogus?

IN a few weeks, India's finance minister will present what's called an "...
PUBLISHED Jan 23, 2019 05:50 AM

LIFE & CULTURE

Michelin gives stars back to chef who didn't want them

A FRENCH chef who had shocked the culinary world by handing back his Michelin stars was...
PUBLISHED Jan 23, 2019 05:50 AM

High in the Alps, igloo hotels offer epitome of no-frills luxury

IT sounds like a tough sell: a hotel room with no windows, no heat, and no bathroom, all...
PUBLISHED Jan 23, 2019 05:50 AM

'Indiana Jones of art' finds stolen Spanish carvings in English garden

A DUTCH art detective has returned two priceless stone reliefs stolen from an ancient...
PUBLISHED Jan 23, 2019 05:50 AM

EXECUTIVE MONEY

'Bear market' is an arbitrary label, but using it can hurt

STOCKS came very close to entering a bear market on Christmas Eve, which was a very bad...
PUBLISHED Jan 23, 2019 05:50 AM

Looking for a compass in an economic storm

FEW investors are looking forward to 2019. The volatility that we have experienced in...
PUBLISHED Jan 23, 2019 05:50 AM

OPINION

Financial crystal ball reveals no answers

IF THERE is one useful conclusion that economists and investors can draw from the crazy...
PUBLISHED Jan 23, 2019 05:50 AM
EDITORIAL

Trump presidency at half-time: early concerns more than vindicated

IT was two years ago on January 20, 2017, a rainy and cold day in Washington, DC, that...
PUBLISHED Jan 23, 2019 05:50 AM
THE BOTTOM LINE

Global warming - why I am less pessimistic about it

ON GLOBAL climate change, I've changed my mind - just slightly. I've written...
PUBLISHED Jan 23, 2019 05:50 AM

Using AI for social good in Singapore and Asia-Pacific

A DOZEN years ago, I heard a presentation by the great Swedish statistician Hans Rosling...
PUBLISHED Jan 23, 2019 05:50 AM
COMMENTARY

Embracing, shaping a new world order amid disagreement

WORLD leaders from business, government and civil society come together in Davos this...
PUBLISHED Jan 23, 2019 05:50 AM
COMMENTARY

Groundhog Day as May's 'Plan B' is so like 'Plan A'

BREXIT watchers will be forgiven for feeling they are caught in a time loop, repeatedly...
PUBLISHED Jan 23, 2019 05:50 AM

BREAKING NEWS

Mar 22, 2019 07:20 AM

New technique may overcome infertility in childhood cancer survivors

[WASHINGTON] Men diagnosed with cancer have the option of freezing their sperm ahead of chemotherapy, which can render...
Mar 22, 2019 07:09 AM

Levi Strauss shares surge 31% in stock market return

[BENGALURU] Shares in Levi Strauss & Co surged 31 per cent in their debut on Thursday, giving the jeans maker a...
Mar 22, 2019 07:06 AM

EU wrestles with short Brexit delay as "no deal" looms

[BRUSSELS] British Prime Minister Theresa May failed to reassure European Union leaders on Thursday that she can secure...
Mar 22, 2019 07:03 AM

Facebook admits storing passwords in plain text

[SAN FRANCISCO] Facebook on Thursday admitted that millions of passwords were stored in plain text on its internal...
Mar 22, 2019 07:01 AM

Trump: US should 'fully recognise' Israeli sovereignty over Golan Heights

[WASHINGTON] President Donald Trump on Thursday announced the United States should acknowledge Israeli sovereignty over...
Mar 22, 2019 06:58 AM

British cannot close off fishing waters post Brexit: France

[BOULOGNE-SUR-MER, France] French Minister of Agriculture Didier Guillaume said on Thursday it was "not possible...
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