Wednesday, Aug 14, 2019

TOP STORIES

SINGAPORE ECONOMY

Growth downgrades, heightened risks and the stimulus question

AS Singapore further slashed its official growth forecast on Tuesday, the question of...

PUBLISHED Aug 14, 2019 05:50 AM

Temasek's Heliconia takes stake in gaming chair firm Secretlab

TEMASEK-OWNED Heliconia Capital Management is taking a minority stake in home-grown...

PUBLISHED Aug 14, 2019 05:50 AM
SINGAPORE ECONOMY

2019 exports forecast slashed as Q2 performance dives 14.6%

IT WAS a sea of red as Singapore's non-oil domestic exports (NODX) sank by double...

PUBLISHED Aug 14, 2019 05:50 AM
SINGAPORE ECONOMY

Construction looks to turn corner with slower 4.6% Q2 decline

THE tide may be turning for the ailing construction sector, which has been a...

PUBLISHED Aug 14, 2019 05:50 AM

MAS chief economist rules out off-cycle Singdollar tweaks

SINGAPORE'S central bank will not make an unscheduled change to monetary policy,...

PUBLISHED Aug 14, 2019 05:50 AM

Strong Singapore-US economic ties overrule political climate: AmCham chairman

SINGAPORE'S interests in nurturing an environment of entrepreneurship through its...

PUBLISHED Aug 14, 2019 05:50 AM

Poly grads on Earn and Learn scheme get higher starting wage

POLYTECHNIC graduates who took part in the SkillsFuture Earn and Learn Programme (ELP...

PUBLISHED Aug 14, 2019 05:50 AM
PRUDENTIAL LAWSUIT

Peter Tan ran agency 'like a cult': Prudential witness

A CULTURE of fear in insurance agency Peter Tan Organisation (PTO) drove former agency...

PUBLISHED Aug 14, 2019 05:50 AM

MMA player Rebel FC acquires AV business for S$10m

MIXED martial arts (MMA) entertainment company Rebel Fighting Championship (Rebel FC)...

PUBLISHED Aug 14, 2019 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Singapore banks can be the rock for wealth clients

SINGAPORE banks took analysts by surprise with their strong second quarter performance...

PUBLISHED Aug 14, 2019 05:50 AM

Swine fever hurts crush margins, halves Wilmar's Q2 net profit

AGRICULTURE giant Wilmar International's net profit for the second quarter halved to...

PUBLISHED Aug 14, 2019 05:50 AM

Halcyon Agri swings into the black for Q2

HALCYON Agri Corp posted a net profit of US$2.3 million for the second quarter,...

PUBLISHED Aug 14, 2019 05:50 AM

Irregularities, potential breaches uncovered at Raffles Infrastructure

IRREGULARITIES at Raffles Infrastructure Holdings, formerly known as China Fibretech,...

PUBLISHED Aug 14, 2019 05:50 AM

Corporate digest

HRNETGROUP on Tuesday posted an 11.5 per cent fall in net profit to S$11.5 million for...

PUBLISHED Aug 14, 2019 05:50 AM

Acquisitions boost Manulife US Reit's Q2 DPU by 17.7%

CONTRIBUTIONS from its newly acquired properties boosted Manulife US Reit's second-...

PUBLISHED Aug 14, 2019 05:50 AM

PropNex's Q2 net profit slips 12% on lower commission income, higher staff costs

REAL estate agency PropNex saw its bottom line shrink in its fiscal second quarter, as...

PUBLISHED Aug 14, 2019 05:50 AM

Best World Q2 net profit trebles to S$26.7m on surge in revenue

BEST World, whose business dealings are being investigated by the Singapore Exchange,...

PUBLISHED Aug 14, 2019 05:50 AM

Delfi Q2 net profit up 19% on stronger product sales

CONFECTIONERY maker Delfi posted a 19.4 per cent jump in net profit to US$6.1 million...

PUBLISHED Aug 14, 2019 05:50 AM

ComfortDelGro Q2 earnings up 1.2% at S$75.9m

TRANSPORT giant ComfortDelGro Corp posted a 1.2 per cent rise in earnings to S$75.9...

PUBLISHED Aug 14, 2019 05:50 AM

TPV Technology gets offer of HK$3.86 a share in privatisation bid

CEIEC (HK) Limited, and parties acting in concert with it, are proposing to take...

PUBLISHED Aug 14, 2019 05:50 AM
STOCKS

Asia-Pacific markets close in sea of red

THE impact of geopolitics on market performance is at times understated - but its...

PUBLISHED Aug 14, 2019 05:50 AM

Brokers' take

We believe City Development's share price could trade up to the higher end of the...

PUBLISHED Aug 14, 2019 05:50 AM
CURRENCIES

Yen and dollar rise as investors seek safety

THE Japanese yen remained near seven-month highs on Tuesday and the US dollar rallied...

PUBLISHED Aug 14, 2019 05:50 AM

REAL ESTATE

Braddell View mega site relaunched for en bloc sale at same reserve price of S$2.08b

SINGAPORE'S largest private residential site - Braddell View estate - has been...

PUBLISHED Aug 14, 2019 05:50 AM

White House Park GCB for sale, could fetch S$75m-S$80m

A FREEHOLD good class bungalow (GCB) at White House Park - in District 10 in Bukit...

PUBLISHED Aug 14, 2019 05:50 AM

Mirae  emerges as lead bidder for Anbang's US luxury hotel portfolio

MIRAE Asset Financial Group is emerging as the leading bidder for a US luxury hotel...

PUBLISHED Aug 14, 2019 05:50 AM

BANKING & FINANCE

Big 3 Singapore banks face rising asset risk: Moody's

SINGAPORE'S three largest banks by assets - DBS, OCBC and UOB - will face rising asset...

PUBLISHED Aug 14, 2019 05:50 AM

Public feedback wanted for code of practice for cryptocurrency sector

THE Association of Cryptocurrency Enterprises and Start-ups, Singapore (Access)...

PUBLISHED Aug 14, 2019 05:50 AM

TECHNOLOGY

Google's jobs search draws antitrust complaints from rivals

GOOGLE'S fast-growing tool for searching job listings has been a boon for employers...

PUBLISHED Aug 14, 2019 05:50 AM

European blockchain firm launches AI division

EUROPEAN blockchain company The Bitfury Group, valued recently at more than US$1...

PUBLISHED Aug 14, 2019 05:50 AM

CONSUMER

Henkel cuts outlook, blames lower Q2 sales on beauty, adhesives units

GERMAN consumer goods company Henkel lowered its full-year outlook for sales and...

PUBLISHED Aug 14, 2019 05:50 AM

British retailers call for business rates freeze

MORE than 50 British retailers, including Sainsbury's, Marks & Spencer, Asda and...

PUBLISHED Aug 14, 2019 05:50 AM

TRANSPORT

STRAIT TALK

It's time to act on container fires

FIRE has always been regarded as one of seafarers' deadliest enemies. It is why so...

PUBLISHED Aug 14, 2019 05:50 AM

Passenger vehicle sales in India fall the most in two decades

PASSENGER vehicle sales in India dropped the most in nearly two decades, with the...

PUBLISHED Aug 14, 2019 05:50 AM

Hong Kong airport chaos giving huge boost to rivals across the border

DISRUPTIONS at Hong Kong's international airport are driving big gains in the shares...

PUBLISHED Aug 14, 2019 05:50 AM

UK train fares set to rise after year of commuter misery

AFTER cancellations, delays and strikes, British train commuters are bracing for...

PUBLISHED Aug 14, 2019 05:50 AM

GOVERNMENT & ECONOMY

Stock market falls as HK leader insists on clinging to power

FLIGHTS leaving Hong Kong were disrupted for a second day on Tuesday, plunging the...

PUBLISHED Aug 14, 2019 05:50 AM
LATEST US DATA

US core consumer price index points to inflation firming

A KEY measure of US consumer prices unexpectedly accelerated in July in a broad-based...

PUBLISHED Aug 14, 2019 05:50 AM

Thai government's slim coalition majority under threat as one party withdraws

THAILAND'S ruling coalition has moved closer to losing its razor-thin majority after...

PUBLISHED Aug 14, 2019 05:50 AM

LIFE & CULTURE

Mecca hotels bank on stunning views

FIVE-STAR hotels with views of Islam's holiest site and luxury haj pilgrimage packages...

PUBLISHED Aug 14, 2019 05:50 AM

Tunisia's delicate date palm drink is a gift from the oasis

AS SOON as the sun is up, people in southern Tunisia rush out to buy a glass or bottle...

PUBLISHED Aug 14, 2019 05:50 AM

Andy Murray returns to singles tennis to a trouncing

ANDY MURRAY stepped back into the fray of singles tennis on Monday, seven months after...

PUBLISHED Aug 14, 2019 05:50 AM

EXECUTIVE MONEY

Is this August of financial troubles more like 1998 or 2007?

WHEN the global financial system wobbles, it always seems to happen in August. Maybe...

PUBLISHED Aug 14, 2019 05:50 AM

Junk bond demand grows, as do worries over liquidity

The ECB is expected to resume buying corporate bonds this year to revive a faltering...

PUBLISHED Aug 14, 2019 05:50 AM

OPINION

A practical approach to Industry 4.0

WITH recent news of retrenchments and economic uncertainty especially for PMETs (...

PUBLISHED Aug 14, 2019 05:50 AM
EDITORIAL

Construction sector has solid role - even in this digital age

AMID protracted economic gloom, high-growth sectors such as tech have been seen as...

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

America's superpower panic in the face of a rising China

GLOBAL superpowers have always found it painful to acknowledge their relative decline...

PUBLISHED Aug 14, 2019 05:50 AM

Sustainable floating cities need to be more than just a temporary solution

UNCONVENTIONAL and seemingly extreme responses to climate change, related sea-level...

PUBLISHED Aug 14, 2019 05:50 AM
COMMENTARY

Moscow, Hong Kong and the liberalism of the streets

ACCORDING to Vladimir Putin, Russia's president, "the liberal idea has become obsolete...

PUBLISHED Aug 14, 2019 05:50 AM
COMMENTARY

UK destined for economic damage and weak currency

AS a biographer of Winston Churchill, UK Prime Minister Boris Johnson must know that...

PUBLISHED Aug 14, 2019 05:50 AM

BREAKING NEWS

Aug 19, 2019 10:08 PM

US: Wall St opens higher on stimulus hopes

WALL Street opened higher on Monday, after China's plans for an interest rate reform reinforced hopes that major...

Aug 19, 2019 08:42 PM

Tasek takeover offer closes with Hong Leong Asia holding 88.16% stake

HONG Leong Asia's takeover offer for its Malaysian subsidiary Tasek closed at 5pm on Aug 19, with Hong Leong Asia...

Aug 19, 2019 08:27 PM

HMI posts 11% fall in Q4 net profit to RM13.5m

HEALTH Management International (HMI) on Monday announced net profit fell 11 per cent to 13.5 million yuan (S$2.65...

Aug 19, 2019 07:57 PM

RE&S posts 32.9% fall in Q4 net profit on outlet closures

CATALIST-LISTED Japanese food and beverage group RE&S Holdings saw net profit fall 32.9 per cent to S$628,000...

Aug 19, 2019 07:22 PM

Figtree Holdings bags S$43.5m design and build contract

CATALIST-LISTED Figtree Holdings has secured a S$43.53 million design and build contract for a food processing...

Aug 19, 2019 06:43 PM

Camsing Healthcare suspends chairman, who remains in police custody

CAMSING Healthcare has suspended all administrative and executive duties and powers of chairman and executive...

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