Thursday, May 16, 2019

TOP STORIES

CDL latest to seize new opportunities in China

THE ongoing trade spat and China's credit crunch may have created opportunities for...

PUBLISHED May 16, 2019 05:50 AM

Singtel full-year profit hits 16-year low; CEO says too early to talk about 5G capex

IT'S too early to estimate fifth-generation (5G) network-related spending, Singtel...

PUBLISHED May 16, 2019 05:50 AM

When design dances with art at the Venice Biennale ...

LOUIS Vuitton's Virgil Abloh may be best known for the label's menswear designs, his...

PUBLISHED May 16, 2019 05:50 AM
STARTUPS

honestbee focusing on fund raising and righting its ship

TROUBLED grocery-delivery startup honestbee appears to be jettisoning excess cargo as...

PUBLISHED May 16, 2019 05:50 AM

Early sales of private homes for May indicate it could top April's full-month sales

EARLY sales of private homes for May show it is likely to surpass April's, a month...

PUBLISHED May 16, 2019 05:50 AM

UOB expects overseas business to account for half of revenue by 2021

UOB expects to have half of its revenue coming from outside Singapore by 2021, up from...

PUBLISHED May 16, 2019 05:50 AM
OPINION

Digital immunity and cyber hygiene

IT'S been almost a year since the EU's data privacy regulation took effect. Despite...

PUBLISHED May 16, 2019 05:50 AM

China economy under pressure as trade war escalates

CHINA'S economic activity disappointed in April just as the United States announced a...

PUBLISHED May 16, 2019 05:50 AM

Indonesia posts largest-ever trade deficit in April

INDONESIA posted its widest monthly trade deficit in history in April as exports...

PUBLISHED May 16, 2019 05:50 AM

COMPANIES & MARKETS

Sembcorp Industries stands to benefit from US-China trade row: CEO

SEMBCORP Industries (SCI) stands to gain from the ongoing US-China trade war as it is...

PUBLISHED May 16, 2019 05:50 AM
HYFLUX SAGA

Hyflux gets non-binding letter of interest for some overseas assets

HYFLUX on Wednesday said that it has received a non-binding letter of interest (LOI)...

PUBLISHED May 16, 2019 05:50 AM

Corporate digest

CHINA Everbright Water reported a 16 per cent rise in first-quarter net profit to HK$...

PUBLISHED May 16, 2019 05:50 AM

CDL more than doubles Q1 gain to S$199m; CEO joins board

CITY Developments Limited (CDL) more than doubled its net profit to S$199.6 million...

PUBLISHED May 16, 2019 05:50 AM

Singtel has weathered the storm, analysts say

THE 16-year low in Singtel's earnings was likely the rock bottom, analysts said on...

PUBLISHED May 16, 2019 05:50 AM

ST Engineering's Q1 profit up 11% at S$131.1m

ST ENGINEERING'S first-quarter net profit increased 11 per cent to S$131.1 million...

PUBLISHED May 16, 2019 05:50 AM

GK Goh offers S$0.88 a share to delist BoardRoom

GK GOH Holdings has made a voluntary unconditional cash offer for BoardRoom Ltd, the...

PUBLISHED May 16, 2019 05:50 AM

DLF founder explains to SGX why he turfed out entire board

THE founder of DLF Holdings dismissed all his directors at an annual meeting two ago...

PUBLISHED May 16, 2019 05:50 AM

Metro invests 200m yuan in Chengdu mall through property fund

PROPERTY development and investment group Metro Holdings has agreed to invest 200...

PUBLISHED May 16, 2019 05:50 AM

Walmart confirms it is 'seriously' mulling an IPO for Asda unit

WALMART Inc is mulling an initial public offering for its Asda unit, a listing that...

PUBLISHED May 16, 2019 05:50 AM

Instant approval for OCBC credit card, personal loans

OCBC Bank has extended its instant approval service to credit cards and personal loan...

PUBLISHED May 16, 2019 05:50 AM
HOCK LOCK SIEW

M1 could bounce back bigger, better from synergies with Keppel units

RIVAL telcos have already turned in their latest results -- with Singtel posting its...

PUBLISHED May 16, 2019 05:50 AM

Nomura to ask retail clients how to improve online services

NOMURA Holdings Inc is getting serious about improving its online brokerage services,...

PUBLISHED May 16, 2019 05:50 AM
STOCKS

Optimism returns to regional markets

OPTIMISM returned to regional markets though the effect was somewhat negated in the...

PUBLISHED May 16, 2019 05:50 AM

Brokers' take

ComfortDelGro's share price has done well in the year-to-date period, but we see...

PUBLISHED May 16, 2019 05:50 AM
CURRENCIES

German data fails to lift euro from 1-week low

THE euro held at a one-week low on Wednesday, ignoring data from Germany that showed...

PUBLISHED May 16, 2019 05:50 AM

REAL ESTATE

AA Reit to buy Gold Coast industrial property for A$38.5m

AIMS Apac Reit (AA Reit) is expanding its footprint in Australia with a A$38.46...

PUBLISHED May 16, 2019 05:50 AM

Singapore condo rents up 0.6% in April, HDB rents down 0.1%: SRX

RENTS for non-landed private homes in Singapore rose 0.6 per cent in April from March...

PUBLISHED May 16, 2019 05:50 AM

SC Capital Partners buys Canberra office complex for A$62m

SINGAPORE-BASED SC Capital Partners has agreed to buy Finlay Crisp Centre, located in...

PUBLISHED May 16, 2019 05:50 AM

London luxury home prices hit by longest slump in decades

IT was a symbol of the swagger in London's luxury home market: a mansion in the trendy...

PUBLISHED May 16, 2019 05:50 AM

More mainland Chinese want to buy HK property: UBS survey

HONG Kong is the most favourable offshore real estate market for mainland Chinese,...

PUBLISHED May 16, 2019 05:50 AM

BANKING & FINANCE

ABN Amro gain slides; it warns slowing growth could hit future profits

ABN Amro's quarterly net profit plunged by a fifth and fell short of expectations and...

PUBLISHED May 16, 2019 05:50 AM

ENERGY & COMMODITIES

Oil stock drops as Iran sanctions bite, says IEA

GLOBAL oil demand will grow more slowly than previously thought following an economic...

PUBLISHED May 16, 2019 05:50 AM

Rotting teeth, fatty organs turn Australians sour on sugar

AUSTRALIANS seem to be turning sour on sugar.

PUBLISHED May 16, 2019 05:50 AM

Gold slips from 1-month peak on Sino-US trade talk hopes

GOLD prices edged lower on Wednesday, retreating from a one-month peak hit in the...

PUBLISHED May 16, 2019 05:50 AM

TECHNOLOGY

Facebook restricts Live feature, citing NZ shooting

FACEBOOK Inc said on Tuesday it was tightening rules around its livestreaming feature...

PUBLISHED May 16, 2019 05:50 AM

Huawei unveils new database management system in bid to grow enterprise business

HUAWEI Technologies unveiled on Wednesday a new database management system, in a bid...

PUBLISHED May 16, 2019 05:50 AM
COMMENTARY

WhatsApp's end-to-end encryption is a gimmick

THE discovery that hackers could snoop on WhatsApp should alert users of supposedly...

PUBLISHED May 16, 2019 05:50 AM

TRANSPORT

Nissan at 'rock bottom', says CEO; shares dip on dividend cut, weak profit

NISSAN Motor Co shares fell to their lowest since 2012 after predicting annual...

PUBLISHED May 16, 2019 05:50 AM

Volvo taps Asia's LG Chem and CATL for long-term battery supplies

SWEDISH carmaker Volvo said on Wednesday that it had signed long-term battery supply...

PUBLISHED May 16, 2019 05:50 AM

Driverless e-truck starts deliveries on Swedish public road

RESEMBLING the helmet of a Star Wars stormtrooper, a driverless electric truck began...

PUBLISHED May 16, 2019 05:50 AM

Top bosses quit Jet Airways, dimming hopes it will fly again

TWO top executives of Jet Airways India Ltd resigned this week, further diminishing...

PUBLISHED May 16, 2019 05:50 AM

GOVERNMENT & ECONOMY

Trump says he'll not de-escalate trade war

PRESIDENT Donald Trump is telling advisers and close allies that he has no intention...

PUBLISHED May 16, 2019 05:50 AM

Cautious spending threatens to weaken India's growth

INDIA'S consumers are being tested after helping drive the fastest-growing major...

PUBLISHED May 16, 2019 05:50 AM

Polls suggest Bill Shorten will lead Labor to victory

BILL Shorten, the leader of Australia's opposition Labor party, is known as a deft...

PUBLISHED May 16, 2019 05:50 AM

Saudi Arabia says oil facility attacks target world supplies

SAUDI Arabia, the world's top crude exporter, said on Wednesday that attacks on two of...

PUBLISHED May 16, 2019 05:50 AM

LIFE & CULTURE

US$100m Statue of Liberty museum opens

THE Statue of Liberty, which has welcomed generations of immigrants to US shores, is...

PUBLISHED May 16, 2019 05:50 AM

Cannes Film Festival opens with a zombie movie

THE Cannes Film Festival opened this week with 21 movies contending for the top trophy...

PUBLISHED May 16, 2019 05:50 AM

Claude Monet's Haystacks painting fetches US$110.7m at auction

A CLAUDE MONET painting from his celebrated Meules (Haystacks) series was sold at US$...

PUBLISHED May 16, 2019 05:50 AM

OPINION

Moving Singapore into the 5G radar

SINGAPORE is reputed as the centre of South-east Asia's business and technology. And...

PUBLISHED May 16, 2019 05:50 AM
THE BOTTOM LINE

There's a revealing puzzle in the China tariffs

ON Monday, China announced new tariffs on US$60 billion of US exports, and the United...

PUBLISHED May 16, 2019 05:50 AM
EDITORIAL

Important to have credit ratings when issuing bonds to retail investors

WITH Singapore grappling with the issues around a rapidly ageing population, it is...

PUBLISHED May 16, 2019 05:50 AM

The case for intelligent industrial policy

EARLIER this year, German Economy Minister Peter Altmaier unveiled his "National...

PUBLISHED May 16, 2019 05:50 AM
COMMENTARY

From Russia with love for Pompeo

VLADIMIR Putin and Sergei Lavrov had warm words for Mike Pompeo on Tuesday in his...

PUBLISHED May 16, 2019 05:50 AM
COMMENTARY

Popularity of online gaming and esports highlights growing need for speed and security

ONE might think that the World Cup would be the capstone sports event that has viewers...

PUBLISHED May 16, 2019 05:50 AM

BREAKING NEWS

May 21, 2019 07:14 PM

Australia PM struggles to meet tax relief election pledge

[SYDNEY] Australia's re-elected coalition said on Tuesday it would struggle to deliver tax breaks for tens of...

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...

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