Friday, Feb 22, 2019

TOP STORIES

Trade between EU and Singapore crosses 100b euros; further boost expected from FTA

TRADE in goods and services between Singapore and the EU has surpassed the symbolic 100...
PUBLISHED Feb 22, 2019 05:50 AM

Shaken and stirred

AS Singapore's cocktail scene flourishes, bars seem to be popping up faster than you...
PUBLISHED Feb 22, 2019 05:50 AM

There's still room for 'calculated risks', says Kwek

EVEN with global uncertainties like trade tensions, questions around Brexit and global...
PUBLISHED Feb 22, 2019 05:50 AM
SINGAPORE BUDGET 2019

Foreign worker quota cuts hit sectors beyond F&B, retail

THE list of businesses that will be hit hard by the upcoming foreign worker quota cuts...
PUBLISHED Feb 22, 2019 05:50 AM
SINGAPORE BUDGET 2019

Tighter foreign worker rules an effort at making labour market sustainable: Chan

MINISTER for Trade and Industry Chan Chun Sing said the tightening in foreign worker...
PUBLISHED Feb 22, 2019 05:50 AM
SINGAPORE BUDGET 2019

Post-Budget forum homes in on healthcare costs

THE escalating cost of healthcare was one of the key concerns raised at a post-Budget...
PUBLISHED Feb 22, 2019 05:50 AM

British parliament could vote on Brexit deal next week

BRITISH lawmakers could be given a vote on a revised Brexit deal as soon as next week as...
PUBLISHED Feb 22, 2019 05:50 AM

Best World gets permission to extend trading halt

BEST World International has obtained permission to extend its trading halt by up to two...
PUBLISHED Feb 22, 2019 05:50 AM
STARTUPS

Engie launches venture arm to help Asia-Pacific energy startups

FRENCH energy giant Engie has launched a strategic venture arm eyeing energy startups in...
PUBLISHED Feb 22, 2019 05:50 AM
STARTUPS

Lalamove raises US$300m in Series D funds to expand in Asia

LOGISTICS service provider Lalamove has raised US$300 million in Series D funds; the D1...
PUBLISHED Feb 22, 2019 05:50 AM
STARTUPS

Banking disruptor Revolut set for Singapore beta launch in coming weeks

REVOLUT - a London-based fintech dubbed a "banking challenger" - said that it...
PUBLISHED Feb 22, 2019 05:50 AM

Fed moderately biased towards tightening as balance-sheet roll-off nears end

US FEDERAL Reserve policy makers see 2019 marking the end of their balance sheet run-off...
PUBLISHED Feb 22, 2019 05:50 AM

COMPANIES & MARKETS

CityDev gears up for series of launches with eye to replenishing land bank

AS City Developments Limited (CDL) gears up for its slew of residential project launches...
PUBLISHED Feb 22, 2019 05:50 AM

Wilmar's Q4 profit hit by US$139m impairment on Australian milling business

IMPAIRMENT losses of US$139 million from Wilmar International's milling business in...
PUBLISHED Feb 22, 2019 05:50 AM

Hyflux gets court order for April 5 scheme meeting

HYFLUX has convinced a Singapore High Court to order a scheme meeting for creditors on...
PUBLISHED Feb 22, 2019 05:50 AM

ST Engineering Q4 profit drops 26% after one-off charges

SINGAPORE Technologies (ST) Engineering reported a 26 per cent drop in net profit to S$...
PUBLISHED Feb 22, 2019 05:50 AM

Corporate digest

MAINBOARD-LISTED technology solutions Frencken Group nearly doubled its earnings in the...
PUBLISHED Feb 22, 2019 05:50 AM
STOCKS

STI ends flat as DBS, OCBC retreat

MOST markets across the region edged higher on Thursday after signs of progress emerged...
PUBLISHED Feb 22, 2019 05:50 AM

Brokers' take

Q4 2018 results were above expectations, due to a write-back of the bonus provision in...
PUBLISHED Feb 22, 2019 05:50 AM
CURRENCIES

Euro edges higher after PMI data; Aussie dollar falls

THE euro edged higher on Thursday after surveys showed business activity was surprisingly...
PUBLISHED Feb 22, 2019 05:50 AM

Genting Singapore's Q4 net profit up 12% at S$150m

GAMING company Genting Singapore on Thursday posted a 12 per cent rise in net profit to S...
PUBLISHED Feb 22, 2019 05:50 AM

Sembcorp Industries posts 10% fall in Q4 profit

SEMBCORP Industries posted a 10 per cent fall in net profit for the fiscal fourth-quarter...
PUBLISHED Feb 22, 2019 05:50 AM

US-China trade war a drag on Hi-P earnings

CONTRACT manufacturer Hi-P International, which has factories in five Chinese cities, is...
PUBLISHED Feb 22, 2019 05:50 AM

Roxy-Pacific's Q4 net profit falls 27% on lower revenue from property development

PROPERTY group Roxy-Pacific Holdings posted a 27 per cent year-on-year drop in net profit...
PUBLISHED Feb 22, 2019 05:50 AM

Maersk shares plummet on bleak outlook as trade war looms

THE world's largest container shipping company, AP Moller-Maersk, warned trade...
PUBLISHED Feb 22, 2019 05:50 AM

Lyft sets crucial date in race to IPO

IN A RUSH to beat its rival Uber to the public market, Lyft is preparing to start trading...
PUBLISHED Feb 22, 2019 05:50 AM

REAL ESTATE

ERA expanding drive to cater to Asia-Pacific's wealthy

PROPERTY firm ERA Realty Network is rolling out a service tailored for wealthy buyers...
PUBLISHED Feb 22, 2019 05:50 AM

First Sponsor to buy control of Germany hotel for 49.5m euros

PROPERTY firm First Sponsor plans to snap up controlling shares of the Westin Bellevue...
PUBLISHED Feb 22, 2019 05:50 AM

Singapore home prices not set for 'big bump': CapitaLand

HOME prices in Singapore are unlikely to stage a rapid rebound after the government...
PUBLISHED Feb 22, 2019 05:50 AM

Tyersall Park site worth S$4.7b - if it can be sold

IN the heart of Singapore, there is a sprawling, vacant plot of private land 30 times the...
PUBLISHED Feb 22, 2019 05:50 AM

Housing dream turned nightmare spurs backlash in Australia

A GENERATION of young Australians priced out of the property market and frustrated at a...
PUBLISHED Feb 22, 2019 05:50 AM

SoftBank's Fortress to invest 400b yen in Japanese property

FORTRESS Investment Group, a unit of SoftBank Group Corp., plans to invest as much as 400...
PUBLISHED Feb 22, 2019 05:50 AM

BANKING & FINANCE

StanChart to take US$900m charge over US and UK regulatory probes

STANDARD Chartered will take a US$900 million charge tied to regulatory probes in its...
PUBLISHED Feb 22, 2019 05:50 AM

Barclays posts lower-than-forecast 2018 profit

BARCLAYS reported a lower-than-forecast attributable profit of £3.5 billion (S$6.2...
PUBLISHED Feb 22, 2019 05:50 AM

Aussie $ whipsawed by jobs surge, rate forecast

THE Australian dollar was whipsawed on Thursday as a resoundingly strong jobs report sent...
PUBLISHED Feb 22, 2019 05:50 AM

ENERGY & COMMODITIES

Oil hovers near 2019 highs from Opec cuts and US sanctions

OIL prices hovered close to 2019 highs on Thursday, bolstered by Opec-led supply cuts and...
PUBLISHED Feb 22, 2019 05:50 AM

Aramco to enter JV with China's Norinco during Arab royal's visit

SAUDI Crown Prince Mohammed bin Salman arrived in Beijing Thursday as the monarch aims...
PUBLISHED Feb 22, 2019 05:50 AM

Venezuela gets fuel from Russia, Europe - at big markup

VENEZUELA is paying heavy premiums for fuel imports from Russia and Europe, with fewer...
PUBLISHED Feb 22, 2019 05:50 AM

Shell-PetroChina spat holds up Aussie project

ROYAL Dutch Shell and PetroChina are at loggerheads over gas sales pricing at their Arrow...
PUBLISHED Feb 22, 2019 05:50 AM

TECHNOLOGY

Foldable phone frenzy is supercharging gains in Chinese stocks

FOLDABLE phones are creating a buzz in the consumer electronics sector, and in China...
PUBLISHED Feb 22, 2019 05:50 AM

PC maker Lenovo's Q3 profit beats expectations

LENOVO Group, the world's largest personal computer maker, posted better-than-...
PUBLISHED Feb 22, 2019 05:50 AM

Hynix plans to spend US$107b building four memory chip plants

SOUTH Korea's SK Hynix Inc on Thursday said it would spend US$107 billion building...
PUBLISHED Feb 22, 2019 05:50 AM

CONSUMER

Samsung announces 5G folding phone - at nearly US$2,000

SAMSUNG Electronics Co Ltd on Wednesday unveiled a nearly US$2,000 folding smartphone in...
PUBLISHED Feb 22, 2019 05:50 AM

TRANSPORT

Stay or leave? Carmakers confront hard Brexit choices

IN THREE cavernous former Royal Air Force hangars at an old airbase in Wales, luxury...
PUBLISHED Feb 22, 2019 05:50 AM

Qantas expects stronger second half after H1 profit falls 19% on high fuel costs

AUSTRALIA'S Qantas Airways Ltd said on Thursday it expected a strong second half...
PUBLISHED Feb 22, 2019 05:50 AM

Weak profit outlook leads to Nissan's first debt rating cut in a decade

NISSAN Motor Co. took another hit as the automaker's debt rating was cut on concerns...
PUBLISHED Feb 22, 2019 05:50 AM

Australian drivers can show off their personalities with emojis on licence plates

MOTORISTS in north-eastern Australia can soon have their personality permanently stamped...
PUBLISHED Feb 22, 2019 05:50 AM

GOVERNMENT & ECONOMY

US, China outline deal to end trade war as March 1 deadline nears

THE United States and China have started to outline commitments in principle on the...
PUBLISHED Feb 22, 2019 05:50 AM

Trade war hits Japan as manufacturing shrinks in Feb

JAPANESE manufacturing activity contracted in February for the first time in two-and-a-...
PUBLISHED Feb 22, 2019 05:50 AM

Decline in German manufacturing drags down EU factory output

FACTORIES across the eurozone unexpectedly shunted into reverse this month as activity in...
PUBLISHED Feb 22, 2019 05:50 AM

HKMA's Chan to retire after a decade in charge

HONG KONG'S de facto central bank is bidding farewell to its chief after a decade,...
PUBLISHED Feb 22, 2019 05:50 AM

LIFE & CULTURE

London fashion must carry on despite Brexit uncertainty

IN the British capital, it is the calm before the storm.
PUBLISHED Feb 22, 2019 05:50 AM

Oscars chef says only the best for big night's feast

THEY will nibble on Oscar-shaped flatbreads topped with smoked salmon and caviar, sip...
PUBLISHED Feb 22, 2019 05:50 AM

Scientists dress horses as zebras to solve puzzle

WHAT'S black, white and striped all over - except for its head?...
PUBLISHED Feb 22, 2019 05:50 AM

OPINION

US, China headed for equilibrium in innovation

A crucial bone of contention in the current US-China trade war has been US accusations...
PUBLISHED Feb 22, 2019 05:50 AM
THE BOTTOM LINE

Being around smart people makes us smarter

AMAZON'S decision on Feb 14 to cancel its plans in New York City was actually the...
PUBLISHED Feb 22, 2019 05:50 AM
EDITORIAL

In tight labour market, reducing CPF rates based on age needs a rethink

LATER this year - as Finance Minister Heng Swee Keat reminded us in Monday's Budget...
PUBLISHED Feb 22, 2019 05:50 AM

Energising Asean's power sector with technology

TECHNOLOGY is fast becoming the bedrock of energy and power-related projects in Asean...
PUBLISHED Feb 22, 2019 05:50 AM
COMMENTARY

Budget 2019: What's in store for businesses, individuals

AFTER embarking on a tax career more than three decades ago, I have been following the...
PUBLISHED Feb 22, 2019 05:50 AM
COMMENTARY

Facebook starts global conversation in Singapore

Every single day, millions of people around the world share messages, videos and images...
PUBLISHED Feb 22, 2019 05:50 AM

Lifestyle

DINING OUT

A taste of Bangkok style at JAM in Dempsey

HEY Siri, find me a restaurant. Let it be stylish yet homey, kind of like a showflat...
PUBLISHED Feb 22, 2019 05:50 AM

Distillers revive old favourite Maryland rye whiskey but have no clue about its origins

HL Mencken, the Jazz Age scribe who loved Baltimore and booze in equal measure, spared no...
PUBLISHED Feb 22, 2019 05:50 AM

Ahead of the pack: Top creative names in Singapore you need to know now

ANYONE WHO CAME OF AGE before the Internet can tell you how much faster the world has...
PUBLISHED Feb 22, 2019 05:50 AM

Gani Atmadiredja

IN 2004, WHEN Gani Atmadiredja volunteered to take over the flailing Singapore operations...
PUBLISHED Feb 22, 2019 05:50 AM

La Dolce Vita

The sweet life takes on a whole new meaning at The First Roma Dolce, a patisserie-themed...
PUBLISHED Feb 22, 2019 05:50 AM

Fun After Dark

The thrills continue at Universal Studios Singapore with its newly launched Universal...
PUBLISHED Feb 22, 2019 05:50 AM

Riotous Fun

If you didn't catch the laugh-a-minute revue Meenah and Cheenah in 2016, don't...
PUBLISHED Feb 22, 2019 05:50 AM

Travel Scent

What do travellers smell like? We don’t really want to get close enough to know, but if...
PUBLISHED Feb 22, 2019 05:50 AM

A life Less Ordinary

Artist, writer and former president of AWARE Dana Lam spent the last few years thinking...
PUBLISHED Feb 22, 2019 05:50 AM

Cult Appeal

A Land Imagined is the first Singaporean film to win the Golden Leopard award, the top...
PUBLISHED Feb 22, 2019 05:50 AM

Crazy Funny Asian

Laughter is the best medicine: take it from doctor-turned-comedian Ken Jeong, whose first...
PUBLISHED Feb 22, 2019 05:50 AM

Apartment For A Day

Staycation lovers get a chance to move into a showflat-worthy home for a night or more at...
PUBLISHED Feb 22, 2019 05:50 AM

Furniture Flair

When it comes to furniture, French brand Roche Bobois doesn’t believe in playing it...
PUBLISHED Feb 22, 2019 05:50 AM

Spotlight on Basel

You have to flip this simple but elegant timepiece over to see what’s so special about it...
PUBLISHED Feb 22, 2019 05:50 AM

Jake Gyllenhaal Vs The Art World

HAS THERE EVER been a movie about the contemporary art market quite like Velvet Buzzsaw?...
PUBLISHED Feb 22, 2019 05:50 AM

Reimagining Singapore's History

ORCHARD ROAD AND shopping centers go hand in hand. But way before it became a shopping...
PUBLISHED Feb 22, 2019 05:50 AM

BREAKING NEWS

Mar 24, 2019 11:36 PM

Thailand’s junta-linked party in the lead after nearly all ballots counted

[BANGKOK] Thailand’s junta-linked party took a shock lead in the popular vote with nearly all ballots counted, the...
Mar 24, 2019 09:45 PM

Brexit up in the air as May faces possible plot, parliament tries to grab control

[LONDON] The United Kingdom's exit from the European Union was in disarray on Sunday as Prime Minister Theresa May...
Mar 24, 2019 08:16 PM

S'pore's largest condo Treasure at Tampines moves 272 units at launch

SINGAPORE'S largest condominium Treasure at Tampines sold 272 units at an average S$1,280 per sq ft, after the...
Mar 24, 2019 07:15 PM

Sabana Reit's Tuas industrial building sale off the table

SABANA Reit's divestment of a Tuas industrial building is off for now after the purchaser did not obtain approvals...
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