Tuesday, Nov 05, 2019

TOP STORIES

NEWS ANALYSIS

Startups in a jam as brakes pulled on e-scooters

IT was looming large but when it finally struck, the blow was still keenly felt by...

PUBLISHED Nov 5, 2019 05:50 AM
DIGITAL BANKING

OCBC to enter digital banking fray with Keppel, Vertex-backed Validus

SINGAPORE'S second-largest bank OCBC is understood to be in firm talks with Keppel...

PUBLISHED Nov 5, 2019 05:50 AM
PARLIAMENT

Retirement Sum Scheme payouts capped at age 90

CENTRAL Provident Fund (CPF) payouts under the Retirement Sum Scheme (RSS) will now...

PUBLISHED Nov 5, 2019 05:50 AM

E-scooters banned from Singapore footpaths in addition to roads

ELECTRIC scooters will be banned from footpaths from Nov 5, in the latest and toughest...

PUBLISHED Nov 5, 2019 05:50 AM

Compulsory registration for drones from Jan 2 next year

FROM Jan 2 next year, all drones that weigh more than 250g will have to be registered...

PUBLISHED Nov 5, 2019 05:50 AM

Singapore factory outlook still glum despite edging up

SINGAPORE'S manufacturing sentiment remained in the doldrums in October, with the...

PUBLISHED Nov 5, 2019 05:50 AM

Singapore businesses far less upbeat compared with rest of Asean: survey

ASEAN businesses may be among the most bullish in the world, but Singapore companies...

PUBLISHED Nov 5, 2019 05:50 AM

RCEP conclusion without India still a 'major step forward': PM Lee

PRIME Minister Lee Hsien Loong said on Monday that even though India is not on board...

PUBLISHED Nov 5, 2019 05:50 AM
INDO-PACIFIC BUSINESS FORUM

US reiterates commitment to Indo-Pacific as bilateral trade hits record US$2t in 2018

THE Trump administration is "extremely engaged and committed" to the Indo-Pacific...

PUBLISHED Nov 5, 2019 05:50 AM
INDO-PACIFIC BUSINESS FORUM

US officials take hard stance against China's Belt and Road Initiative

A SENIOR US official warned on Monday that China's Belt and Road Initiative (BRI) is...

PUBLISHED Nov 5, 2019 05:50 AM

COMPANIES & MARKETS

Eagle Hospitality Trust units hit fresh low as investors take flight

EAGLE Hospitality Trust (EHT) got its wings clipped again on Monday as new revelations...

PUBLISHED Nov 5, 2019 05:50 AM

SPH prices new perpetual at 4%

SINGAPORE Press Holdings (SPH) has launched a perpetual issue on Monday, its second...

PUBLISHED Nov 5, 2019 05:50 AM
HOCK LOCK SIEW

As a private company, FEO has more options for Chancery Court

IT'S been more than a year since Far East Organization (FEO) bought Chancery Court in...

PUBLISHED Nov 5, 2019 05:50 AM

No valuation done in disposal of UEL and WBL shares: Perennial

AMID raised eyebrows at the valuation of Perennial UW's disposal of its stake in...

PUBLISHED Nov 5, 2019 05:50 AM

Kuok Group makes offer for PACC Offshore at S$0.215 per share in cash

QUETZAL Capital has announced a voluntary conditional cash offer for PACC Offshore...

PUBLISHED Nov 5, 2019 05:50 AM

Koufu Q3 net earnings surge 52% on rising revenue

FOOD court and coffee shop operator Koufu on Monday posted a 52.3 per cent increase in...

PUBLISHED Nov 5, 2019 05:50 AM

Changing hands

Tracking fund flows in the Singapore stock market

PUBLISHED Nov 5, 2019 05:50 AM

Manulife US Reit posts 2% fall in Q3 DPU on enlarged unit base

MANULIFE US Reit on Monday posted a 2 per cent fall in its third-quarter distribution...

PUBLISHED Nov 5, 2019 05:50 AM

Corporate digest

CHALLENGER Technologies on Monday posted a 5 per cent drop in its third-quarter net...

PUBLISHED Nov 5, 2019 05:50 AM

HK Exchange Fund's Q3 investment income drops; refutes talk of capital control

HONG KONG'S Exchange Fund, which is used to back the Hong Kong dollar, posted an...

PUBLISHED Nov 5, 2019 05:50 AM
STOCKS

Trade deal hopes boost Asian markets

TRADE optimism that buoyed US markets on Friday had a similar effect on Asian markets...

PUBLISHED Nov 5, 2019 05:50 AM
CURRENCIES

Euro dips before Lagarde speaks

THE euro edged down on Monday as investors awaited Christine Lagarde's first speech as...

PUBLISHED Nov 5, 2019 05:50 AM

REAL ESTATE

To build or buy? Investors eye hospitality assets as tourism, scarce supply prop up sector

WITH rising tourist arrivals and limited stock, investor appetite for Singapore...

PUBLISHED Nov 5, 2019 05:50 AM

Riverside Piazza up for en bloc sale with S$198m reserve price

THE RIVERSIDE Piazza near Clarke Quay will be put up for collective sale via tender at...

PUBLISHED Nov 5, 2019 05:50 AM

2 Leng Kee showrooms up for sale at guide prices of S$15m, S$23m

TWO industrial properties situated along the Leng Kee Road car showroom belt are up...

PUBLISHED Nov 5, 2019 05:50 AM

HK's property demand remains strong despite protests

LAST Saturday morning in Admiralty on the fringes of Hong Kong's central business...

PUBLISHED Nov 5, 2019 05:50 AM

Thailand's Central Group plans to invest 20b baht overseas

THAILAND'S top retailer Central Group said on Monday that it plans to invest over 20...

PUBLISHED Nov 5, 2019 05:50 AM

BANKING & FINANCE

Australia's Westpac raising A$2.5b as profit slumps

WESTPAC Banking Corp is looking to raise A$2.5 billion (S$2.3 billion) from...

PUBLISHED Nov 5, 2019 05:50 AM

Emerging Asia's favoured South Korean bonds performed the worst in October

INVESTORS may have flocked to South Korean bonds this year, but signs of an economic...

PUBLISHED Nov 5, 2019 05:50 AM

Nordea Bank culls securities from market unit amid negative rates

AS long-term negative interest rates reshape life in the Nordic region, its biggest...

PUBLISHED Nov 5, 2019 05:50 AM

Deutsche Bank chiefs urge CEO to cut responsibilities

DEUTSCHE Bank AG's top supervisors told chief executive officer Christian Sewing that...

PUBLISHED Nov 5, 2019 05:50 AM

ECB official fighting graft charges finally gets day in court

ALMOST two years after Latvia's central-bank governor was detained in a bribery probe...

PUBLISHED Nov 5, 2019 05:50 AM

TECHNOLOGY

'Silicon Saxony' stands on East Germany foundations

WHEN US computer processor maker AMD was building a factory in the eastern German city...

PUBLISHED Nov 5, 2019 05:50 AM

Drones used in crime fly under the law's radar

AN otherwise peaceful suburban neighbourhood in Washington Township, Pennsylvania,...

PUBLISHED Nov 5, 2019 05:50 AM

CONSUMER

Cairo delights at sweet candies as Muslim festival nears

THE sweet smell of candies wafts through downtown Cairo's historic Bab al-Bahr street...

PUBLISHED Nov 5, 2019 05:50 AM

TRANSPORT

Merkel cheers on VW's electric push as climate critique grows

ANGELA Merkel's visit to a revamped Volkswagen AG electric-car plant in Zwickau on...

PUBLISHED Nov 5, 2019 05:50 AM

Cebu Pacific places US$4.8b Airbus order

THE Philippines' largest budget airline Cebu Air Inc has ordered 16 Airbus planes...

PUBLISHED Nov 5, 2019 05:50 AM

IAG agrees to buy Spain's Air Europa

BRITISH Airways (BA) owner IAG agreed on Monday to buy Spain's Air Europa for 1.0...

PUBLISHED Nov 5, 2019 05:50 AM

Delhi banishes some cars in hope of clearing the air

AUTHORITIES in the Indian capital on Monday banished from the roads cars with number...

PUBLISHED Nov 5, 2019 05:50 AM

GOVERNMENT & ECONOMY

15 Asian countries agree to terms of RCEP free trade deal

FIFTEEN Asian countries agreed to terms on Monday for what could be the world's...

PUBLISHED Nov 5, 2019 05:50 AM

Investors still in the dark over sale, valuation of Saudi Aramco blockbuster IPO

SAUDI Aramco's blockbuster listing remained shrouded in mystery on Monday, a day after...

PUBLISHED Nov 5, 2019 05:50 AM

Malaysia says country shielding 1MDB fugitive Jho Low refuses to cooperate

MALAYSIAN fugitive Low Taek Jho, wanted over a multibillion dollar scandal at state...

PUBLISHED Nov 5, 2019 05:50 AM

Euro zone factories stuck in a slump amid US-China trade war

FACTORY activity across the euro zone contracted sharply last month as demand was...

PUBLISHED Nov 5, 2019 05:50 AM

LIFE & CULTURE

Growing for good: Sustaining a volunteer culture

KEPPEL Corporation executive Ariel Tee took a different sort of leave from work in...

PUBLISHED Nov 5, 2019 05:50 AM

Banking on golf to boost charity and image

BANKS continue to play a big role in the promotion of golf and to raise money for...

PUBLISHED Nov 5, 2019 05:50 AM

Terminator tops Joker in battle for box office supremacy

TERMINATOR: Dark Fate opened atop the North American box office over the weekend with...

PUBLISHED Nov 5, 2019 05:50 AM

SME

Sing Fuels powers ahead

IN industries where the principal product is identical, companies shine by excelling...

PUBLISHED Nov 5, 2019 05:50 AM

OPINION

EDITORIAL

Sanguine markets ignore UK election risks but sentiment still highly fraught

IN the past few days, both the British pound and UK stock market have held firm, and...

PUBLISHED Nov 5, 2019 05:50 AM

Impeaching Trump won't change anything

WASHINGTON, DC was able to ignore US President Donald Trump tweets late on Wednesday...

PUBLISHED Nov 5, 2019 05:50 AM
THE BOTTOM LINE

Hong Kong: Time for vision and reform in official ranks

AS VIOLENT anti-China protests in Hong Kong continue, the Chinese Communist Party's...

PUBLISHED Nov 5, 2019 05:50 AM

Is now the right time for Singapore companies to expand abroad?

AS IT is an island, you can drive the entire circumference of Singapore in a few hours...

PUBLISHED Nov 5, 2019 05:50 AM
COMMENTARY

Perils of a new East-West crisis in Europe

US SECRETARY of State Mike Pompeo is one of the keynote speakers this week at a major...

PUBLISHED Nov 5, 2019 05:50 AM

The monetarist era is over

A MOOD of foreboding dominated this month's annual meetings of the International...

PUBLISHED Nov 5, 2019 05:50 AM

BREAKING NEWS

Nov 12, 2019 11:20 AM

Asia: Markets mixed as dealers await trade news, Hong Kong rises

[HONG KONG] Asian markets were mixed in early trade on Tuesday with investors keeping tabs on the latest...

Nov 12, 2019 11:17 AM

Want to lose money? Run Saudi and Russian crude in an oil refinery

[LONDON] Two of the world's most important grades of crude - Saudi Arabia's Arab Light and Russia's Urals - would...

Nov 12, 2019 11:08 AM

Moody's cuts global sovereign rating outlook to 'negative' for 2020

[LONDON] Rating agency Moody's cut its global sovereign outlook for 2020 to "negative" from "stable" on Monday,...

Nov 12, 2019 11:05 AM

Hong Kong leader Carrie Lam says protesters 'paralysing' the city are selfish

[HONG KONG] Hong Kong's embattled leader Carrie Lam on Tuesday said protesters who are trying to "paralyse" the city...

Nov 12, 2019 11:05 AM

Hyatt to bid for Xenia's US$500m Kimpton portfolio

[NEW YORK] Hyatt Hotels Corp has emerged as a bidder for a portfolio of Kimpton hotels owned by Xenia Hotels &...

Nov 12, 2019 11:03 AM

HDB launches 8,170 flats for sale, including 4,500 BTO flats in Tengah, Ang Mo Kio and Tampines

[SINGAPORE] The Housing Board (HDB) has launched 4,571 new Build-To-Order (BTO) flats for sale in the year's last...

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