Friday, Nov 08, 2019

TOP STORIES

BT EXCLUSIVE

Developers confident of beating 2020 ABSD deadline

SEVEN housing projects facing additional buyer's stamp duty (ABSD) deadlines next year...

PUBLISHED Nov 8, 2019 05:50 AM

9-year threshold for IDs: Limited pool a hurdle to board renewal

IT has been more than a year since the Monetary Authority of Singapore (MAS) made the...

PUBLISHED Nov 8, 2019 05:50 AM

When the chips are down

SINGAPORE'S semiconductor industry, which provides over 60,000 jobs, is today facing...

PUBLISHED Nov 8, 2019 05:50 AM
DARK POOL TRADING

Dark pools can benefit small, mid-cap stocks in Singapore: study

DARK trading, which often comes with a negative connotation as investors trade shares...

PUBLISHED Nov 8, 2019 05:50 AM

Liquidnet sees record year trading in Singapore

LIQUIDNET, the largest "dark pool" operator in the Asia-Pacific region, is enjoying a...

PUBLISHED Nov 8, 2019 05:50 AM
DIGITAL PAYMENTS

SE Asian banks 'to lose out on US$5b in payments revenue by 2025'

BANKS in South-east Asia are set to miss out on as much as US$5 billion or 14.3 per...

PUBLISHED Nov 8, 2019 05:50 AM

Sunburst 2019 presents theatre of inclusiveness

THE ramp built at the School of The Arts (SOTA) Drama Theatre wasn't there as a prop...

PUBLISHED Nov 8, 2019 05:50 AM

COMPANIES & MARKETS

Scant bond returns will divert investors to equity: JP Morgan

THE return potential from holding stocks looks more attractive than the returns...

PUBLISHED Nov 8, 2019 05:50 AM

Peer review of reports on EHT's Queen Mary in the works

MORE clarity over the condition of Eagle Hospitality Trust's Queen Mary floating hotel...

PUBLISHED Nov 8, 2019 05:50 AM

Genting Q3 profit dips; ploughs on with RWS 2.0

RESORTS World Sentosa operator Genting Singapore saw its third-quarter profits plunge...

PUBLISHED Nov 8, 2019 05:50 AM

Simon Keswick to retire from Jardines family business at 77

SIMON Keswick, former chairman and managing director of Jardine Matheson Holdings, is...

PUBLISHED Nov 8, 2019 05:50 AM

SPH Reit takes A$670m stake in South Australia mall

SPH REIT is expanding its footprint Down Under, with a deal inked on Thursday for a...

PUBLISHED Nov 8, 2019 05:50 AM

Q3 DPU for Lippo Malls Indonesia Retail Trust up

LIPPO Malls Indonesia Retail Trust (LMIRT) upped its third-quarter distribution per...

PUBLISHED Nov 8, 2019 05:50 AM
STOCKS

STI gains on positive corporate news

WHILE most regional markets continued to tread water pending Sino-US trade...

PUBLISHED Nov 8, 2019 05:50 AM
CURRENCIES

Dollar gains vs yen as investors dump safe-havens

THE dollar gained versus the yen on Thursday after comments from a Chinese commerce...

PUBLISHED Nov 8, 2019 05:50 AM

Investcorp eyes food sector with US$500m fund

THE Singapore office of Middle Eastern asset manager Investcorp has teamed up with...

PUBLISHED Nov 8, 2019 05:50 AM
HOT STOCKS

Dyna-Mac surges 12.9% after death of CEO, biggest shareholder

SHARES of offshore oil and gas contractor Dyna-Mac Holdings climbed on Thursday amid...

PUBLISHED Nov 8, 2019 05:50 AM

Citic Envirotech shares surge on news of privatisation bid

SHARES of Citic Envirotech surged as high as 45.9 per cent after resuming trade on...

PUBLISHED Nov 8, 2019 05:50 AM

Corporate digest

EC WORLD Reit cut distribution per unit to 1.489 Singapore cents in the third quarter...

PUBLISHED Nov 8, 2019 05:50 AM

REAL ESTATE

More HDB resale flats sold in Oct after policy changes kick in

MORE Housing and Development Board (HDB) resale flats were sold last month compared...

PUBLISHED Nov 8, 2019 05:50 AM

GIC buys 50% stake in 42-storey Beijing office building

SINGAPORE sovereign wealth fund GIC has bought a 50 per cent stake in a Beijing office...

PUBLISHED Nov 8, 2019 05:50 AM

Bovis, Galliford agree on housing deal in ailing British market

BOVIS Homes sealed a deal for UK builder Galliford Try's residential business on...

PUBLISHED Nov 8, 2019 05:50 AM

Two ground-floor shop units at Alexis in Alexandra up for sale by tender

TWO freehold ground-floor units with F&B potential located at mixed-use...

PUBLISHED Nov 8, 2019 05:50 AM

India sets up 250b-rupee fund to revive stuck housing projects

INDIA'S plan to set up a 250 billion-rupee (S$4.78 billion) fund to salvage stalled...

PUBLISHED Nov 8, 2019 05:50 AM

BANKING & FINANCE

Wirecard expects to be cleared in Singapore police probe, says CEO

WIRECARD said on Wednesday that it had widened the scope of a KPMG audit to draw a...

PUBLISHED Nov 8, 2019 05:50 AM

OCBC, Japan's SMFG vie to buy Bank Permata

SUMITOMO Mitsui Financial Group (SMFG) and Singapore lender OCBC Group Holdings are...

PUBLISHED Nov 8, 2019 05:50 AM

Commerzbank cuts full-year profit outlook

COMMERZBANK AG downgraded its full-year profit outlook, marking a second retreat in...

PUBLISHED Nov 8, 2019 05:50 AM
EDITORIAL

Financial sector must step up its role in sustainable financing

SUSTAINABLE financing is no longer just the latest catch phrase in banking. The...

PUBLISHED Nov 8, 2019 05:50 AM

ENERGY & COMMODITIES

GE to invest up to US$60m in gas turbine repair in Singapore

AMERICAN industrial giant General Electric (GE) will be investing up to US$60 million...

PUBLISHED Nov 8, 2019 05:50 AM

World food prices up for first time in 5 months: FAO

WORLD food prices rose for the first time in five months in October, boosted by jumps...

PUBLISHED Nov 8, 2019 05:50 AM

TECHNOLOGY

US, China, Japan and Korea to dominate 5G

CHINA, the United States, Japan and Korea will account for more than half of the world...

PUBLISHED Nov 8, 2019 05:50 AM

Facial recognition system for India triggers fears of mass surveillance

AS INDIA prepares to install a nationwide facial recognition system in an effort to...

PUBLISHED Nov 8, 2019 05:50 AM

Ex-Twitter employees charged with spying on users for Saudis

TWO former Twitter Inc employees and a Saudi national have been charged by the US with...

PUBLISHED Nov 8, 2019 05:50 AM

CONSUMER

China to ban vaping in public places to quash habit among teens

CHINA plans to ban e-cigarettes in public places to stem a "distinct increase" in...

PUBLISHED Nov 8, 2019 05:50 AM

Aussie mates show off their quarter-century Quarter Pounder 'mate'

A MCDONALD'S burger bought in 1995 and kept in an Australian shed for years has never...

PUBLISHED Nov 8, 2019 05:50 AM

TRANSPORT

Toyota announces US$1.8b share buyback after strong Q2

TOYOTA Motor Corp plans a US$1.8 billion share buyback, Japan's biggest automaker said...

PUBLISHED Nov 8, 2019 05:50 AM

Lufthansa to cut more costs, as cabin crew start strike

GERMAN airline Lufthansa announced plans on Thursday to cut costs at its Austrian...

PUBLISHED Nov 8, 2019 05:50 AM

Boeing CEO will forgo 'tens of millions of dollars' in compensation

BOEING Co chief executive Dennis Muilenburg said on Wednesday he would forgo "tens of...

PUBLISHED Nov 8, 2019 05:50 AM

GOVERNMENT & ECONOMY

Singapore must stay open and inclusive to thrive in digital age: Iswaran

GLOBALISATION and technological change can create much value and opportunities, yet...

PUBLISHED Nov 8, 2019 05:50 AM

HK leaders accused of spending 'peanuts' to save deteriorating economy

AS Hong Kong's leaders hunt for a political solution to the months-long impasse with...

PUBLISHED Nov 8, 2019 05:50 AM

Indonesia defends economic statistics against doubters

INDONESIA'S Finance Minister Sri Mulyani Indrawati defended the nation's statistics,...

PUBLISHED Nov 8, 2019 05:50 AM

China, US agree to roll back tariffs in phases to reach deal

CHINA and the US have agreed to roll back tariffs on each other's goods in phases as...

PUBLISHED Nov 8, 2019 05:50 AM

OPINION

All that glitters is not Golden Rice

AS MARKETING gimmicks go, the name Golden Rice should have been a runaway success....

PUBLISHED Nov 8, 2019 05:50 AM
THE BOTTOM LINE

Stop working and go home: why long work days may not work

IN THE sitcom The Office, a bumbling manager spends much of his time distracting the...

PUBLISHED Nov 8, 2019 05:50 AM

30 years after fall of Berlin Wall, Germany is still unequal

THE year 2019 has been an exceptional one for Germany. On Nov 9, it would have been 30...

PUBLISHED Nov 8, 2019 05:50 AM
COMMENTARY

Adopting plastic alternatives starts with customers

ENVIRONMENTAL sustainability has been top-of-mind globally for a while now. In line...

PUBLISHED Nov 8, 2019 05:50 AM
LETTER TO THE EDITOR

EHT listing should have been a no-no with SGX

OVER the past week, The Business Times has done some excellent reporting on Eagle...

PUBLISHED Nov 8, 2019 05:50 AM

Lifestyle

Mercedes-Benz leads the luxury pack

MERCEDES-BENZ is on track to once again be the best-selling luxury automotive brand in...

PUBLISHED Nov 8, 2019 05:50 AM

Wearnes Automotive unveils S$1,200 monthly parking for special cars

SERIOUS art collectors store their items carefully, and now serious car collectors can...

PUBLISHED Nov 8, 2019 05:50 AM
DINING OUT

Grand Shanghai gets a facelift

AGE is such a relative thing. When you're 20, you're in the prime of your youth. In...

PUBLISHED Nov 8, 2019 05:50 AM

Wellness Sabbaticals – The New Detox Retreat

ELON MUSK SAYS vacations can kill you. He’s obviously in the minority, since it’s well...

PUBLISHED Nov 8, 2019 05:50 AM

Sam Shank, Head of Hotels, Airbnb

THE BEST ADVICE that Sam Shank has for budding Internet entrepreneurs is this: don’t...

PUBLISHED Nov 8, 2019 05:50 AM

Whisky Spotlight

Aficionados of brown spirits need look no further for their fix than the annual Whisky...

PUBLISHED Nov 8, 2019 05:50 AM

Window To The Past

The old-school photo studio that barely exists anymore once proliferated in the 1890s...

PUBLISHED Nov 8, 2019 05:50 AM
PUBLISHED Nov 8, 2019 05:50 AM

Crazy Asian Comic

You’ve seen him in Crazy Rich Asians and The Daily Show with Trevor Noah. Now prepare...

PUBLISHED Nov 8, 2019 05:50 AM

Recycled Luxury

Swiss sustainable fashion label SOTTES makes its Singapore debut in a shop-in-shop...

PUBLISHED Nov 8, 2019 05:50 AM

Just Jazz

The Jazz Association Singapore Orchestra (JASSO) commemorates the Bicentennial of...

PUBLISHED Nov 8, 2019 05:50 AM

Shake It Up

It’s beginning to look a lot like Christmas and Shake Shack is ringing in the...

PUBLISHED Nov 8, 2019 05:50 AM

Cool Moves

Since 2012, Singapore dance company Frontier Danceland has staged Milieu (previously...

PUBLISHED Nov 8, 2019 05:50 AM

New Outlook For Chinese Cuisine

FLAMBÉED Chicken. Espuma of clam. Blue cheese and milk foam. Seafoodstuffed zucchini...

PUBLISHED Nov 8, 2019 05:50 AM

Home Is Where The Art Is

Works by Singapore's pioneer artists and more take centrestage in this house

PUBLISHED Nov 8, 2019 05:50 AM

Holiday Workout

Keep your exercise regime with this 20-minute hotel routine.

PUBLISHED Nov 8, 2019 05:50 AM

Love and loss in Modern Love

The New York Times’ long-running column on relationships? Do you read it? Do you...

PUBLISHED Nov 8, 2019 05:50 AM

Weinstein The Monster

AT THE HEIGHT of his fame in 2000, Harvey Weinstein bragged to a reporter that he was...

PUBLISHED Nov 8, 2019 05:50 AM

The Question Of Home

DO YOU NEED actors to tell a story? Could you, the audience member, create drama for...

PUBLISHED Nov 8, 2019 05:50 AM

Protecting Singapore's Heritage

CONSERVATION wasn’t always a priority when Singapore was in its early stages of...

PUBLISHED Nov 8, 2019 05:50 AM

BREAKING NEWS

Nov 12, 2019 10:24 AM

GIC, BlackRock buy UK gas pipeline firm Kellas Midstream

SINGAPORE sovereign wealth fund GIC and the world’s biggest asset manager BlackRock have inked a deal to buy Kellas...

Nov 12, 2019 10:15 AM

Record 201t won is flowing from South Korea into riskier assets

[SEOUL] A hunt for yield is prompting South Korean investors to pile tens of billions of dollars into unconventional...

Nov 12, 2019 10:12 AM

Ignoring women costs the financial industry US$700b a year

[SYDNEY] The male-dominated finance industry is missing out on more than US$700 billion a year in revenue by failing...

Nov 12, 2019 10:04 AM

Top K-pop awards show pulls out from Hong Kong due to protests

[SEOUL] An annual K-pop festival is not happening in Hong Kong this year due to months-long political unrest, a...

Nov 12, 2019 10:02 AM

Hong Kong: Stocks bounce at open

[HONG KONG] Hong Kong stocks opened slightly higher on Tuesday as bargain-buyers moved in following the previous day...

Nov 12, 2019 09:52 AM

Commonwealth Bank's quarterly profit slides amid record-low interest rates

[BENGALURU] Commonwealth Bank of Australia said margin pressure from record-low interest rates would persist as the...

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