Thursday, Apr 11, 2019

TOP STORIES

BT EXCLUSIVE

Are developer debt fears overblown?

AS PUNDITS squint at their recession-watch indicators and Hyflux becomes the latest...

PUBLISHED Apr 11, 2019 05:50 AM
BT EXCLUSIVE

MPA's first woman CEO wants to change perception of sector

HER public relations handlers present her as the first woman chief executive of the...

PUBLISHED Apr 11, 2019 05:50 AM

Trash is the new cash

IF YOU consider yourself an eco-warrior because you recycle plastic bottles, drink...

PUBLISHED Apr 11, 2019 05:50 AM

Investment banks, asset managers shedding jobs

INVESTMENT banks and asset managers are trimming their headcount as bottom lines get...

PUBLISHED Apr 11, 2019 05:50 AM
SINGAPORE MARITIME WEEK

Rystad Energy expects crude under-supply for 2019 and 2020

CONSULTANCY firm Rystad Energy is forecasting that Opec+ cuts in oil production and...

PUBLISHED Apr 11, 2019 05:50 AM
SINGAPORE MARITIME WEEK

Fund to help ship agency, harbour craft sectors with digital solutions

FIRMS in the ship agency and harbour craft sectors in the maritime industry can now...

PUBLISHED Apr 11, 2019 05:50 AM
SINGAPORE MARITIME WEEK

Singapore tops world maritime capitals ranking for 4th time

SINGAPORE has again clinched the top spot in a biennial ranking of the world's leading...

PUBLISHED Apr 11, 2019 05:50 AM

China probing Japan, KL, S'pore methionine exports

CHINA'S Ministry of Commerce said on Wednesday that it has launched an anti-dumping...

PUBLISHED Apr 11, 2019 05:50 AM
COMMENTARY

Harnessing power of trade flows for the common good

AFTER 33 years of working in the global logistics industry, I continue to be amazed by...

PUBLISHED Apr 11, 2019 05:50 AM
STARTUPS

ShopBack nets US$45m in funding round co-led by Rakuten, EV Growth

HOMEGROWN cashback platform ShopBack has raised US$45 million in an equity funding...

PUBLISHED Apr 11, 2019 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Sustainability reporting isn't about lip service

INTERNATIONAL Accounting Standards Board (IASB) chairman Hans Hoogervorst's recent...

PUBLISHED Apr 11, 2019 05:50 AM

Keppel Infrastructure Trust's preferential offer 1.8 times subscribed

KEPPEL Infrastructure Trust (KIT) has received applications totalling 832.3 million...

PUBLISHED Apr 11, 2019 05:50 AM

First Reit Q1 DPU flat at 2.15 Singapore cents

FIRST Real Estate Investment Trust (First Reit) on Wednesday reported a flattish...

PUBLISHED Apr 11, 2019 05:50 AM

Corporate digest

DBS Group Holdings has priced US$750 million of three-year senior unsecured notes at a...

PUBLISHED Apr 11, 2019 05:50 AM
COMMENTARY

Can the Hyflux restructuring be resurrected?

IT was hugely disappointing to learn last week that troubled water treatment firm...

PUBLISHED Apr 11, 2019 05:50 AM

MAS issues lengthy prohibition orders against three individuals for fraud, dishonesty

THE Monetary Authority of Singapore (MAS) has imposed prohibition orders (POs) on...

PUBLISHED Apr 11, 2019 05:50 AM

HK overtakes Japan as world's third largest bourse

BRAGGING rights to Hong Kong, for now.

PUBLISHED Apr 11, 2019 05:50 AM

South Korean firms issuing Swiss franc bonds to tap Brexit fears

SOUTH Korean borrowers are selling Swiss franc bonds at a record pace, taking...

PUBLISHED Apr 11, 2019 05:50 AM
STOCKS

Singapore market shrugs off US trade threats

DESPITE US President Donald Trump's tariff threats to the EU and the International...

PUBLISHED Apr 11, 2019 05:50 AM

Brokers' take

ESR-Reit has posted total returns of 9.76 per cent as at April 9 since our initiation...

PUBLISHED Apr 11, 2019 05:50 AM
CURRENCIES

Norway's crown at 5-mth high against euro on strong outlook

THE Norwegian crown held at its highest level against the euro in five months on...

PUBLISHED Apr 11, 2019 05:50 AM

REAL ESTATE

Singapore condo and HDB rents rise in March: SRX

AS LEASINGS bounced back after the Chinese New Year (CNY) lull, rents for non-landed...

PUBLISHED Apr 11, 2019 05:50 AM

AirTrunk raises S$450m to build Singapore data centre

DATA centre startup AirTrunk has raised S$450 million in debt and equity to help build...

PUBLISHED Apr 11, 2019 05:50 AM

Aspen in JV to develop M'sia residential project

MALAYSIA developer Aspen (Group) Holdings is in a joint venture (JV) to redevelop a...

PUBLISHED Apr 11, 2019 05:50 AM

Indian govt push for housing puts millions at risk of eviction

AT LEAST 11 million people in India risk being uprooted from their homes and land as...

PUBLISHED Apr 11, 2019 05:50 AM

Geylang freehold industrial site up for sale with S$23m asking price

A CITY fringe freehold redevelopment site at 51 Lorong 21 Geylang has been put up for...

PUBLISHED Apr 11, 2019 05:50 AM

Burj Khalifa developer recovers as investors get picky

INVESTORS in the United Arab Emirates' (UAE) stock markets are marking a clear...

PUBLISHED Apr 11, 2019 05:50 AM

China home sales rebound in March

CHINA'S property market is showing signs of green shoots again with home sales posting...

PUBLISHED Apr 11, 2019 05:50 AM

China Evergrande, Sunac issue 4th dollar bonds in six months

CHINA Evergrande Group and Sunac China Holdings have sold US$2 billion and US$750...

PUBLISHED Apr 11, 2019 05:50 AM

BANKING & FINANCE

China bank stocks are now all the rage

MOST of the world's best-performing bank stocks are now in China, a nation that's...

PUBLISHED Apr 11, 2019 05:50 AM

In hunt for yield, Japan's banks snap up leveraged US debt

JAPANESE banks have stepped up investments in highly illiquid, securitised loans,...

PUBLISHED Apr 11, 2019 05:50 AM

ENERGY & COMMODITIES

Oil prices edge up amid tightening supply

OIL prices inched up on Wednesday amid supply cuts by producer group Organization of...

PUBLISHED Apr 11, 2019 05:50 AM

How Trafigura lost US$254 million on oil and gas hedges

ONE of the world's biggest traders, Trafigura, booked a US$254 million loss from oil...

PUBLISHED Apr 11, 2019 05:50 AM

Gold slips on firm dollar, but weak equities limit losses

GOLD prices inched down on Wednesday as the dollar firmed, but the metal remained near...

PUBLISHED Apr 11, 2019 05:50 AM

Malaysia to pump RM6.23 billion in aid to state palm oil firm Felda

MALAYSIA will inject RM6.23 billion (S$2.07 billion) of financial aid into state-owned...

PUBLISHED Apr 11, 2019 05:50 AM

Lower Indian sugar output may cheer world market

SUGAR output in the western Indian state of Maharashtra may tumble to a three-year low...

PUBLISHED Apr 11, 2019 05:50 AM

TECHNOLOGY

Uber's planned US$10b IPO will make it biggest since Alibaba's in 2014

UBER Technologies Inc has decided it will seek to sell around US$10 billion worth of...

PUBLISHED Apr 11, 2019 05:50 AM

Japan telcos' 5G go-ahead cements curbs on Chinese vendors

JAPAN'S telcos were formally allocated 5G spectrum by regulators on Wednesday, a major...

PUBLISHED Apr 11, 2019 05:50 AM

CONSUMER

New osteoporosis drug restores bone without breaking it down

THE Food and Drug Administration on Tuesday approved an osteoporosis drug that...

PUBLISHED Apr 11, 2019 05:50 AM

Crown shares slump after Wynn drops bid

SHARES in Australian gambling giant Crown plunged by almost 10 per cent Wednesday...

PUBLISHED Apr 11, 2019 05:50 AM

Japan imperial couple mark diamond anniversary

JAPANESE Emperor Akihito and Empress Michiko celebrated their diamond anniversary on...

PUBLISHED Apr 11, 2019 05:50 AM

TRANSPORT

VW eyes buying big stake in China partner JAC: sources

VOLKSWAGEN AG is exploring purchasing a big stake in its Chinese electric vehicle...

PUBLISHED Apr 11, 2019 05:50 AM

Volvo exploring closer collaboration with shareholder Geely in China

VOLVO AB may collaborate with Zhejiang Geely Holding Group Co in the Chinese market,...

PUBLISHED Apr 11, 2019 05:50 AM

Rolls-Royce agrees to early inspection of problematic Trent engines

ROLLS-Royce has agreed to an early inspection of some Trent 1000 TEN engines by...

PUBLISHED Apr 11, 2019 05:50 AM

Rhine water levels could run too low again for shipping in Germany

GERMANY'S Rhine river could be impassable to ships again this summer if Europe has...

PUBLISHED Apr 11, 2019 05:50 AM

Nissan to invest further 3b rand in South African plant for Navara model

NISSAN Motor Co plans to invest a further three billion rand (S$290 million) in its...

PUBLISHED Apr 11, 2019 05:50 AM

GOVERNMENT & ECONOMY

Global risks still battering euro-area economy: Draghi

EUROPEAN Central Bank president Mario Draghi warned that the euro-area economy faces...

PUBLISHED Apr 11, 2019 05:50 AM

China's economy is looking better and better

IT'S springtime for China bulls. Analysts from banks including HSBC, Morgan Stanley...

PUBLISHED Apr 11, 2019 05:50 AM

Japan's February machinery orders rebound

JAPAN'S machinery orders posted their first monthly increase in four months in...

PUBLISHED Apr 11, 2019 05:50 AM

Pre-Brexit stockpiling boosts UK economic growth

BRITAIN'S economy unexpectedly grew in February, helped by clients of manufacturers...

PUBLISHED Apr 11, 2019 05:50 AM

EU to grant Brexit delay but may demand a longer extension and conditions

THE European Union will grant Prime Minister Theresa May a second delay to Brexit at...

PUBLISHED Apr 11, 2019 05:50 AM

Israel's Netanyahu wins re-election with parliamentary majority

ISRAELI Prime Minister Benjamin Netanyahu secured a clear path to re-election on...

PUBLISHED Apr 11, 2019 05:50 AM

Najib's wife faces new graft charge

THE wife of Malaysia's ex-leader was on Wednesday hit with a new corruption charge,...

PUBLISHED Apr 11, 2019 05:50 AM

Farmers pose a challenge to Jokowi in polls

TALAM, a farmer struggling to stay afloat growing shallots on the island of Java,...

PUBLISHED Apr 11, 2019 05:50 AM

Modi rides nationalist fervour ahead of India's general election

INDIA'S prime minister is rallying his nationalist base as the world's biggest...

PUBLISHED Apr 11, 2019 05:50 AM

Australian election rivals clash over links to Chinese billionaire

A CHINESE billionaire barred from Australia on suspicion of mounting a years-long...

PUBLISHED Apr 11, 2019 05:50 AM

Dalai Lama recovering from chest infection in hospital

THE Tibetan spiritual leader, the Dalai Lama, was admitted to hospital in the Indian...

PUBLISHED Apr 11, 2019 05:50 AM

More elderly Japanese opt to prolong employment

YASUHIRO Furuse could have retired two years ago, but he wasn't entirely happy with...

PUBLISHED Apr 11, 2019 05:50 AM

New World Bank chief says focus is on tackling poverty

NEWLY installed World Bank President David Malpass spent his first day at the global...

PUBLISHED Apr 11, 2019 05:50 AM

IMF warns of rising global debt levels

RISING corporate and government debt levels and the sharp increase in more risky...

PUBLISHED Apr 11, 2019 05:50 AM

LIFE & CULTURE

Mastermind behind BTS built US$770m K-pop fortune

THE global Korean-pop music craze is generating a fortune for Bang Si-hyuk, a South...

PUBLISHED Apr 11, 2019 05:50 AM

Five women nominated for Booker International Prize

POLISH novelist Olga Tokarczuk, who scooped last year's Booker International Prize for...

PUBLISHED Apr 11, 2019 05:50 AM

Japan's 'Miracle' Suzuki takes darts world by storm

DESCRIBED as the Phil Taylor of women's darts, Japan's Mikuru Suzuki already has plans...

PUBLISHED Apr 11, 2019 05:50 AM

OPINION

THE BOTTOM LINE

Trump's dangerous obsession with the markets

FROM Day 1 in the Oval Office, US President Donald Trump has shown a unique obsession...

PUBLISHED Apr 11, 2019 05:50 AM
EDITORIAL

No silver bullet: CEO remuneration must consider myriad of factors

ONE of the biggest items of interest, when a company (particularly a high-profile one...

PUBLISHED Apr 11, 2019 05:50 AM

Trump tariffs on EU goods herald fresh trans-Atlantic tensions

DONALD Trump threatened this week to impose tariffs worth US$11.2 billion on European...

PUBLISHED Apr 11, 2019 05:50 AM
COMMENTARY

The West needs to fix its money-laundering problem

THE money-laundering scandals keep rolling in, most recently in Estonia, where a...

PUBLISHED Apr 11, 2019 05:50 AM
COMMENTARY

IPOs are creating a burgeoning wealth crisis in San Francisco amid flush of tech cash

AT 12.30 Pacific time on a recent Friday afternoon, a small crowd gathered at the foot...

PUBLISHED Apr 11, 2019 05:50 AM

BREAKING NEWS

Apr 26, 2019 12:28 AM

Latest Earnings

Apr 25, 2019 11:56 PM

US adds another Chinese e-commerce site to 'notorious' list for IP protection

[WASHINGTON] The US Trade Representative said on Thursday it has added Pinduoduo.com, China's third-largest e-...

Apr 25, 2019 11:45 PM

Union Gas names Teo Hark Piang as new CEO

UNION Gas Holdings on Thursday evening named Teo Hark Piang as the new CEO of the group, following his appointment...

Apr 25, 2019 11:40 PM

Britain wants Brexit deal approved before July - May's deputy

[GLASGOW] British Prime Minister Theresa May's government wants to get her thrice-defeated Brexit deal approved by...

Apr 25, 2019 11:20 PM

UBS seeks more deals among billionaires through new US venture

[NEW YORK] UBS Group AG is starting a new venture at its US operation, marrying its wealth-management unit and...

Apr 25, 2019 11:10 PM

Another US hospitality trust, Eagle Hospitality Trust, eyes SGX listing

JUST two days after ARA Group lodged a preliminary prospectus to list about US$720 million of US hotels under the...

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