Tuesday, May 14, 2019

TOP STORIES

BEST WORLD SAGA

Best World's independent reviewer to report only to SGX RegCo from now

BEST World's former business partners are now being asked to hand over documents to...

PUBLISHED May 14, 2019 05:50 AM
TRADE WAR

Pressure on yuan may boost earnings for some SGX firms

FADING hopes of a US-China trade resolution have hit China's currency, with some banks...

PUBLISHED May 14, 2019 05:50 AM

DBS' group head of technology and operations to retire

DBS' group head of technology and operations David Gledhill is departing the bank to...

PUBLISHED May 14, 2019 05:50 AM
TRADE WAR

China strikes back with higher tariffs on US$60b of US goods

CHINA said on Monday that it would impose higher tariffs on a range of US goods,...

PUBLISHED May 14, 2019 05:50 AM
BANK STOCKS

Singapore bank shares slide on brokers' downgrades

DBS shares closed down 2.07 per cent, or S$0.55 at S$26.00 following Citi Investment...

PUBLISHED May 14, 2019 05:50 AM

Applications open for 2019 Emerging Enterprise Award

OCBC and The Business Times have launched nominations for the Emerging Enterprise...

PUBLISHED May 14, 2019 05:50 AM
OPINION

The 5G bandwagon offers promise - and also challenges

ON APRIL 3, South Korea became the first country in the world to commercially launch...

PUBLISHED May 14, 2019 05:50 AM

Number of Singapore billionaires falls to 39

SINGAPORE'S billionaire population declined 11.4 per cent to 39 in 2018 from 44 in...

PUBLISHED May 14, 2019 05:50 AM
STARTUPS

Pintec Technology launches global expansion from new HQ in Singapore

NASDAQ-LISTED Chinese fintech solutions provider Pintec Technology has made Singapore...

PUBLISHED May 14, 2019 05:50 AM
STARTUPS

Trading platform delists KAYA tokens issued by Marvelstone unit

FINTECH group Marvelstone Group held a S$135,050 investment in media startup Tech in...

PUBLISHED May 14, 2019 05:50 AM

Lab-grown meat that's simply Shiok

THE future of food may lie in lab-grown cell-based meat. And it's not just plant-based...

PUBLISHED May 14, 2019 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Ayondo's disregard of SGX order: What now?

WHEN Ayondo came to the market as the maiden pure-play fintech for the Singapore...

PUBLISHED May 14, 2019 05:50 AM

KTMG resumes trading on Catalist as vertically integrated apparel maker

APPAREL contract manufacturer KTMG, formerly Lereno Bio-Chem, may well stand to gain...

PUBLISHED May 14, 2019 05:50 AM

Cromwell E-Reit DPU rises 6.3% for Q1

CROMWELL European Real Estate Investment Trust's (Cromwell E-Reit) distribution per...

PUBLISHED May 14, 2019 05:50 AM

NetLink NBN Trust to raise FY2019 DPU

FIBRE network provider NetLink NBN Trust has called for a distribution per unit (DPU)...

PUBLISHED May 14, 2019 05:50 AM

Telkomsel, partners create US$40m fund for startups

TELKOMSEL, Singtel's regional associate in Indonesia, has created a new fund with an...

PUBLISHED May 14, 2019 05:50 AM

Fragrance in the red with S$3.7m Q1 loss

FRAGRANCE Group has been hit by a sharp drop in revenue for the first quarter...

PUBLISHED May 14, 2019 05:50 AM
RATINGS ACTION

ThaiBev shares tumble 7.3% following 12% fall in Q2 earnings

THAI Beverage Public Company Limited's (ThaiBev's) second-quarter earnings - released...

PUBLISHED May 14, 2019 05:50 AM
RATINGS ACTIONS #2

HRnetGroup ratings, target price cut after 'disappointing' Q1 earnings

DBS Group Research on Monday downgraded its rating on HRnetGroup to "hold" after...

PUBLISHED May 14, 2019 05:50 AM

Changing hands

Tracking fund flows in the Singapore stock market

PUBLISHED May 14, 2019 05:50 AM

Corporate digest

APAC Realty's net profit for the first quarter ended March 31 sank 70 per cent year on...

PUBLISHED May 14, 2019 05:50 AM
STOCKS

STI dives on US-China trade impasse

WITH the US and China deadlocked in trade deal negotiations, the Singapore market...

PUBLISHED May 14, 2019 05:50 AM

Brokers' take

ThaiBev's results were within expectations. Q2 net profit declined 12 per cent year-on...

PUBLISHED May 14, 2019 05:50 AM
CURRENCIES

Greenback hit by fears China may sell US Treasuries

THE Chinese yuan dropped to its lowest levels against the US dollar since December on...

PUBLISHED May 14, 2019 05:50 AM

REAL ESTATE

Freehold Parc Komo priced at average S$1,450 psf; public preview opens May 18

CEL Development, the property development division of Chip Eng Seng Corporation, on...

PUBLISHED May 14, 2019 05:50 AM

Egypt's new desert capital faces delays as it battles for funds

EGYPT'S government wants to start running the nation from a new capital in the desert...

PUBLISHED May 14, 2019 05:50 AM

Lendlease share price jumps on takeover talk

SHARES of Lendlease Group jumped on Monday after a media report suggested it was a...

PUBLISHED May 14, 2019 05:50 AM

Cannes film festival a goldmine for hotel operators

THE Cannes film festival is not just about killings made on big-money movie deals...

PUBLISHED May 14, 2019 05:50 AM

Billions in dirty cash helped fuel Vancouver's housing boom

VANCOUVER penthouses, ski chalets at Whistler, and holiday retreats in the Gulf...

PUBLISHED May 14, 2019 05:50 AM

Poland cancels Israeli visit amid row over property restitution

POLAND cancelled a ministerial-level visit by an Israeli delegation amid concerns that...

PUBLISHED May 14, 2019 05:50 AM

BANKING & FINANCE

Australia's CBA profit hit by fee cuts, refunds

COMMONWEALTH Bank of Australia (CBA) on Monday said cash profit dropped 28 per cent in...

PUBLISHED May 14, 2019 05:50 AM

Morgan Stanley got rich clients into Uber. Then the IPO stumbled

MORGAN Stanley investment bankers stand to reap millions in fees for leading Uber...

PUBLISHED May 14, 2019 05:50 AM

Funds flock to king dollar on wagers trade angst set to deepen

THE US dollar is set to rise out of its current trading range as America's tariff...

PUBLISHED May 14, 2019 05:50 AM

Thai central bank says it has not manipulated currency

THAILAND'S central bank has not intervened in the trading of the baht to gain a trade...

PUBLISHED May 14, 2019 05:50 AM

ENERGY & COMMODITIES

Two Saudi oil tankers attacked on way to Persian Gulf

SAUDI Arabia said two of its oil tankers were attacked while sailing towards the...

PUBLISHED May 14, 2019 05:50 AM

World's biggest palm oil planter looks to Latin America as it runs out of space at home

MALAYSIA'S Sime Darby Plantation Bhd, the world's largest palm oil planter, is looking...

PUBLISHED May 14, 2019 05:50 AM

Oil stuck between trade-talk gloom and multiple supply risks

OIL was caught between the spectre of a full-blown US-China trade war damping demand...

PUBLISHED May 14, 2019 05:50 AM

Gold edges lower as Sino-US trade uncertainty dents yuan

GOLD prices dipped on Monday as Sino-US trade tensions and uncertainty over a deal...

PUBLISHED May 14, 2019 05:50 AM

TECHNOLOGY

Sonos, Soundtrack Your Brand tie up for business streaming

A SPOTIFY-BACKED music streaming company will be exposed to hundreds of thousands of...

PUBLISHED May 14, 2019 05:50 AM
COMMENTARY

Ireland is being tech-shamed, for good reason

"ONLY Facebook Ireland can respond to your concerns." That is the response you are...

PUBLISHED May 14, 2019 05:50 AM

Foxconn poised to nominate chip boss as Taiwan group's next chairman

IPHONE assembler Foxconn is poised to nominate its chip unit head as group chairman to...

PUBLISHED May 14, 2019 05:50 AM

Facebook removes fake Italian accounts before EU election

FACEBOOK said on Sunday that it had taken down numerous Italian accounts on its...

PUBLISHED May 14, 2019 05:50 AM

CONSUMER

NZ's Fonterra sells Tip Top ice cream to Froneri for NZ$380m

DAIRY group Fonterra on Monday confirmed the sale of its New Zealand Tip Top ice cream...

PUBLISHED May 14, 2019 05:50 AM

TRANSPORT

China vehicle sales fall for 10th month in April

VEHICLES sales in China, the world's largest auto market, fell 14.6 per cent in April...

PUBLISHED May 14, 2019 05:50 AM

Nissan said to be pushing back on Renault's renewed efforts to merge

NISSAN Motor Co is opposing renewed efforts by alliance partner Renault SA to merge...

PUBLISHED May 14, 2019 05:50 AM

GOVERNMENT & ECONOMY

EU ready to retaliate as Trump vehicle tariff deadline nears

THE European Union is finalising a list of American goods to target with retaliatory...

PUBLISHED May 14, 2019 05:50 AM

Europe's economy not yet on solid ground as business sweats

EUROPE has a long way to go if it's to deliver on the hope sparked by recent economic...

PUBLISHED May 14, 2019 05:50 AM

Mobs attack mosques, Muslim-owned shops in Sri Lanka

SRI Lankan police fired warning shots and tear gas to disperse mobs attacking mosques...

PUBLISHED May 14, 2019 05:50 AM

Australia is really doing better than the numbers show

AUSTRALIA'S export earnings are booming as resource prices surge but a statistical...

PUBLISHED May 14, 2019 05:50 AM

Small parties back Thai junta chief after rule change

ELEVEN small Thai parties that each gained a parliamentary seat after a disputed...

PUBLISHED May 14, 2019 05:50 AM

LIFE & CULTURE

En garde! France embraces lightsaber as a sport

IT HAS for decades been the dream of the young and the young-at-heart - to be like...

PUBLISHED May 14, 2019 05:50 AM

Avengers: Endgame still top of the box office but Pikachu shows spark

"AVENGERS: ENDGAME" led the North American box office for a third week running, but...

PUBLISHED May 14, 2019 05:50 AM
TAKING HEART

P&G partners NTUC FairPrice to pay tribute to mothers of Special Olympics athletes

ON Mother's Day on Sunday, Procter & Gamble commemorated the sixth iteration of...

PUBLISHED May 14, 2019 05:50 AM

SME

Cybersecurity talent crunch drives SMEs to embrace AI

FOR all of Singapore's technological achievements and innovations, the city state...

PUBLISHED May 14, 2019 05:50 AM

OPINION

EDITORIAL

Allow virtual banks, but maintain fair play and manage new risks

GOOD regulations distinguish the nature of an activity from its wrapper, and the...

PUBLISHED May 14, 2019 05:50 AM

Thoughts turn to the workers in May

THE first of May is celebrated in most countries in the world as International Workers...

PUBLISHED May 14, 2019 05:50 AM
THE BOTTOM LINE

Mind economists' ignorance gap

THE most intriguing and indisputable thing we have learned about economists in recent...

PUBLISHED May 14, 2019 05:50 AM

Asia-Pacific tops US foreign policy priorities

US PRESIDENT Donald Trump is facing major foreign policy challenges from Venezuela to...

PUBLISHED May 14, 2019 05:50 AM
COMMENTARY

Take more risks, if you want to get ahead

ONE of the world's most technologically-advanced nations, Singapore also ranks among...

PUBLISHED May 14, 2019 05:50 AM

Don't fear the Euroskeptic parties as elections loom

AS THE European Parliament elections draw closer, most opinion polls predict a strong...

PUBLISHED May 14, 2019 05:50 AM

BREAKING NEWS

May 21, 2019 06:58 PM

Hundreds protest as Indonesia confirms president's re-election

[JAKARTA] Indonesian President Joko Widodo comfortably won re-election in last month's poll, an official count...

May 21, 2019 06:30 PM

Daily Debrief: What Happened Today

Stories you might have missed

May 21, 2019 06:17 PM

Growth fears, trade worries send Singapore shares down 0.7% on Tuesday

SINGAPORE stocks closed broadly lower on Tuesday, as the final reading on gross domestic product (GDP) missed...

May 21, 2019 05:37 PM

Malaysia: Shares close lower on Tuesday

MALAYSIA share prices closed lower on Tuesday, with the FTSE Bursa Malaysia Kuala Lumpur Composite Index down 1.62...

May 21, 2019 05:35 PM

Stop it! Japan anti-groper app becomes smash hit

[TOKYO] A Tokyo police smartphone app to scare off molesters has become a smash hit in Japan, where women have long...

May 21, 2019 05:16 PM

For many wealthy Brazilians, Portugal is becoming the new Miami

[LISBON] Brazilian entrepreneur Ricardo Bellino knows a good deal when he sees one. So after more than a decade...

sentifi.com

TOP 10 TALKED ABOUT: