Wednesday, Jan 09, 2019

TOP STORIES

BT EXCLUSIVE

Coastal Oil troubles hit Singapore banks, others with US$350m exposure

TROUBLE at Coastal Oil Singapore, a crude oil products supplier which has filed for...
PUBLISHED Jan 9, 2019 05:50 AM

Companies' bill payments worsen for 3rd straight quarter

LOCAL firms' payment performance deteriorated in the last quarter of 2018, making...
PUBLISHED Jan 9, 2019 05:50 AM

ESR, AXA IM and sovereign fund in logistics venture

ASIA-PACIFIC logistics real estate platform ESR, AXA Investment Managers - Real Assets (...
PUBLISHED Jan 9, 2019 05:50 AM
PUBLISHED Jan 9, 2019 05:50 AM

Nasdaq-listed Equinix to invest US$85.3m to build fourth data centre in Singapore

NASDAQ-LISTED Equinix plans to build a fourth data centre in Singapore at an initial cost...
PUBLISHED Jan 9, 2019 05:50 AM

Singapore calls on Asean countries to tap new trade route to access western China

TRADE and Industry Minister Chan Chun Sing has urged officials from Asean to consider...
PUBLISHED Jan 9, 2019 05:50 AM
COMMENTARY

Recession likely in next 2 years

YOU might say a person is fundamentally healthy so long as you cannot yet say what will...
PUBLISHED Jan 9, 2019 05:50 AM

RV Altitude, Fyve Derbyshire and Fourth Avenue Residences poised to kick off 2019 launches

RV ALTITUDE, Fyve Derbyshire and Fourth Avenue Residences are gearing up for launch next...
PUBLISHED Jan 9, 2019 05:50 AM

China Taiping Insurance Singapore eyes regional growth, wealth management

CHINA Taiping Insurance Singapore has launched its life insurance business here citing...
PUBLISHED Jan 9, 2019 05:50 AM

COMPANIES & MARKETS

HOCK LOCK SIEW

Singapore banks may serve up enough of a lukewarm gruel

NOT too hot, not too cold - and so it is when it comes to the Singapore banks, which may...
PUBLISHED Jan 9, 2019 05:50 AM
HOT STOCK

Hi-P falls 4.66% as Maybank downgrades it to 'sell'

CONTRACT manufacturer Hi-P International's shares tumbled on Tuesday amid volatility...
PUBLISHED Jan 9, 2019 05:50 AM

Singtel Dash partners UNCDF for remittance to Myanmar

BY MARCH, Myanmar nationals based here can use Singtel's e-wallet Dash to remit...
PUBLISHED Jan 9, 2019 05:50 AM

ISR Capital confident of ability to fund commercialisation of mining asset

ISR Capital said on Tuesday that an estimate for the initial development costs of a...
PUBLISHED Jan 9, 2019 05:50 AM

FSL Trust files claim against charterer in UK courts

FIRST Ship Lease (FSL) Trust has filed a claim against Copenhagen-based charterer, Torm...
PUBLISHED Jan 9, 2019 05:50 AM

Kimly receives S$1.4m advance repayment from aborted sale of ASC

CATALIST-listed coffee shop operator Kimly - which is under probe by the authorities over...
PUBLISHED Jan 9, 2019 05:50 AM

Corporate digest

THE controlling family of LTC Corp has extended its S$0.925 per share exit offer for the...
PUBLISHED Jan 9, 2019 05:50 AM
STOCKS

Cloudy, with a chance of tech stock dips

MONDAY'S sunny skies came and went too quickly. Most regional markets traded lower...
PUBLISHED Jan 9, 2019 05:50 AM

Brokers' take

EC World Reit's seven logistics assets in China cater to a thriving e-commerce,...
PUBLISHED Jan 9, 2019 05:50 AM
CURRENCIES

Euro slips on slowdown fears while dollar advances

THE euro edged down on Tuesday as the eurozone economy showed more signs of slowing,...
PUBLISHED Jan 9, 2019 05:50 AM

REAL ESTATE

Condo resale prices drop 0.8% in Dec

AFTER a small uptick in November, resale prices of private non-landed homes in December...
PUBLISHED Jan 9, 2019 05:50 AM

Golden Mile Complex to be potentially conserved, used for integrated development

THE iconic Golden Mile Complex may be developed as an integrated development with a gross...
PUBLISHED Jan 9, 2019 05:50 AM

Prophet of real estate gloom warns of US property slide

JAMES Stack, who predicted the 2008 real estate crash and nailed 2018's housing...
PUBLISHED Jan 9, 2019 05:50 AM

BANKING & FINANCE

Search for new World Bank head to test Trump's 'America First' mantra

THE World Bank's search for a new leader will be the latest test of US President...
PUBLISHED Jan 9, 2019 05:50 AM

HNA touts assets for sale as funding crunch intensifies

CHINA'S indebted HNA Group met bankers on Tuesday to tout the latest assets that the...
PUBLISHED Jan 9, 2019 05:50 AM

Newest Indian bank plans US$11.7b merger to meet rules

BANDHAN Bank Ltd, India's newest lender, will combine with mortgage financier Gruh...
PUBLISHED Jan 9, 2019 05:50 AM

ENERGY & COMMODITIES

Oil prices steady on trade talk hopes and Opec cuts, but slowdown looms

OIL prices were stable on Tuesday, supported by hopes that talks in Beijing between US...
PUBLISHED Jan 9, 2019 05:50 AM

Gold falls on better risk sentiment, dollar recovery

GOLD prices fell on Tuesday as risk appetite improved on bets that China and the United...
PUBLISHED Jan 9, 2019 05:50 AM

TECHNOLOGY

Foldable phones and roll-up TVs are finally here

ELECTRONIC displays that fold, roll and bend have finally arrived after years of...
PUBLISHED Jan 9, 2019 05:50 AM

Amazon, worth US$796.8b, is world's most valuable company

AMAZON for the first time closed out Monday's session as the world's biggest...
PUBLISHED Jan 9, 2019 05:50 AM

Samsung Electronics says Q4 profits take a drubbing on weak chip demand

SAMSUNG ELECTRONICS surprised the market on Tuesday with an estimated 29 per cent drop in...
PUBLISHED Jan 9, 2019 05:50 AM

China increases US patent holdings tenfold from 2008 but IBM holds on to top spot

CHINESE inventors received a record number of US patents in 2018 and are on pace to...
PUBLISHED Jan 9, 2019 05:50 AM

CONSUMER

Singapore gets serious about food security

VISITORS to Singapore's Orchard Road, the city's main shopping belt, will find...
PUBLISHED Jan 9, 2019 05:50 AM

Eli Lilly makes US$8b bet on drugs for rare cancers with Loxo Oncology buy

PHARMACEUTICAL giant Eli Lilly said on Monday it will buy Loxo Oncology Inc for US$8...
PUBLISHED Jan 9, 2019 05:50 AM

Toymaker sues Louis Vuitton for right to keep making Pooey purses

TOYMAKER MGA Entertainment has dragged French fashion house Louis Vuitton into a lawsuit...
PUBLISHED Jan 9, 2019 05:50 AM

Vietnam's 'incense village' a riot of pink ahead of Chinese New Year

IN Vietnam's "incense village", dozens are hard at work dying, drying and...
PUBLISHED Jan 9, 2019 05:50 AM

TRANSPORT

STRAIT TALK

Liner shipping under attack - yet again

JUST over a decade ago, the European Union (EU) unilaterally banned the operation of rate...
PUBLISHED Jan 9, 2019 05:50 AM

Germany's Daimler is selling a truck that can brake, accelerate, steer on its own

DAIMLER will start selling a heavy-duty truck in the US this year that's able to...
PUBLISHED Jan 9, 2019 05:50 AM

Heathrow plans to add 25,000 flights before new runway opens

LONDON'S Heathrow airport aims to boost capacity even before a new runway opens,...
PUBLISHED Jan 9, 2019 05:50 AM

Oil tanker fire in Hong Kong waters kills one; rescue on

AN OIL tanker caught fire in Hong Kong's southern waters on Tuesday, killing one...
PUBLISHED Jan 9, 2019 05:50 AM

GOVERNMENT & ECONOMY

Kim discusses expected summit with Trump in China talks: report

NORTH Korean leader Kim Jong Un and Chinese President Xi Jinping discussed an expected US...
PUBLISHED Jan 9, 2019 05:50 AM

Plunge in Germany's industrial activity sparks recession talk

A DRAMATIC plunge in German industrial activity late last year raised the risk that...
PUBLISHED Jan 9, 2019 05:50 AM

US govt shutdown forces economists to turn to other data

THE US government shutdown has thrown some key economic measures into the dark, forcing...
PUBLISHED Jan 9, 2019 05:50 AM

US policy seen offering 'Pop & Gridlock' for markets this year

THE US policy developments of 2018 may turn into the market headwinds of 2019 - but not...
PUBLISHED Jan 9, 2019 05:50 AM

British MPs to hold key Brexit vote on Jan 15: official

BRITISH MPs are set to hold a critical vote on Jan 15 on the Brexit agreement negotiated...
PUBLISHED Jan 9, 2019 05:50 AM

LIFE & CULTURE

Profit-hungry tiger breeders behind push to lift China's trading ban

AT the Siberia Tiger Park in the frigid Chinese city of Harbin, visitors can learn about...
PUBLISHED Jan 9, 2019 05:50 AM

12,000-year-old Turkish town is about to be engulfed

FROM the ancient citadel overlooking the valley, Ridvan Ayhan looks at the Tigris with a...
PUBLISHED Jan 9, 2019 05:50 AM

EXECUTIVE MONEY

Singapore's low P/Es, robust yields a draw for longer-term investors

IN a year beset by trade conflicts, weakening growth in China and Brexit uncertainties,...
PUBLISHED Jan 9, 2019 05:50 AM

What the analyst who predicted US market plunge sees in 2019

A YEAR ago, in the wake of President Donald Trump's tax cut, euphoric investors...
PUBLISHED Jan 9, 2019 05:50 AM

OPINION

Slowing growth and its consequences

MICK Jagger of the Rolling Stones once studied economics, but gave it up for singing...
PUBLISHED Jan 9, 2019 05:50 AM
THE BOTTOM LINE

A legal quagmire for Hong Kong's leadership

TWENTY-SOME years ago, the main topic of conversation for people in Hong Kong was what...
PUBLISHED Jan 9, 2019 05:50 AM
EDITORIAL

Bring an end to the Trump-led mess and gridlock in Washington

For someone growing up in, say, France or Brazil or Singapore in the second half of the...
PUBLISHED Jan 9, 2019 05:50 AM

Reining in Big Tech as violations mount amid lax policing

EVERY month, new controversies emerge regarding Facebook, Google, Twitter and other...
PUBLISHED Jan 9, 2019 05:50 AM
COMMENTARY

Workers on boards? Germany has had them for decades

IN the late 1970s, the United Automobile Workers (UAW) union had a brazen idea. During...
PUBLISHED Jan 9, 2019 05:50 AM
COMMENTARY

Widodo administration's authoritarian measures continue to weaken Indonesian democracy

AS MADELEINE Albright wrote in her brilliant take on the rise of authoritarian regimes,...
PUBLISHED Jan 9, 2019 05:50 AM

BREAKING NEWS

Jan 18, 2019 05:00 PM

Knight Frank names new group managing director

KNIGHT Frank Singapore has appointed real estate veteran Wendy Tang as group managing director (MD) with effect from...
Jan 18, 2019 04:46 PM

Europe: Trade war hopes lift shares to early December highs

[LONDON] European shares opened higher on Friday and reached their highest level since early December as new-found hope...
Jan 18, 2019 04:41 PM

Hong Kong: Stocks end week with gains

[HONG KONG] Hong Kong stocks finished another healthy week on a positive note Friday as investors cheered a report that...
Jan 18, 2019 04:34 PM

China Sky selling investment-holding unit to chairman for S$190,000

CHINA Sky Chemical Fibre Company is selling its wholly owned subsidiary, Deluxe Dragon International Limited, to the...
Jan 18, 2019 04:33 PM

Sharapova upsets defending champion Wozniacki

[MELBOURNE] Five-time Grand Slam winner Maria Sharapova upset defending champion Caroline Wozniacki to reach the...
Jan 18, 2019 04:19 PM

Bombardier on track to solve Swiss train problems -paper

[ZURICH] Bombardier is making progress resolving problems with double-decker passenger trains which have drawn...
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