Wednesday, Mar 13, 2019

TOP STORIES

Financial advisers get 1-year reprieve from zero sales fees

DEFERRING by one year the move to reduce the sales fees collected by financial advisers...
PUBLISHED Mar 13, 2019 05:50 AM
BT EXCLUSIVE

AEW sells Rivervale Mall for S$230m to SC Capital Partners

US-BASED property fund manager AEW has sold Rivervale Mall in Sengkang for S$230 million...
PUBLISHED Mar 13, 2019 05:50 AM

Singapore grounds all Boeing 737 Max planes after Ethiopian Airlines crash

SINGAPORE has grounded all Boeing 737 Max planes, following two fatal accidents involving...
PUBLISHED Mar 13, 2019 05:50 AM
CUTTING EDGE

GGV Capital's Jenny Lee to speak at forum of Cutting Edge thought leaders

ALIBABA. Didi Chuxing. Xiaomi. These are some of China's most successful tech firms...
PUBLISHED Mar 13, 2019 05:50 AM

Early birds catch The Hummingbird Project

EIGHTY lucky subscribers to The Business Times stand a chance to win a pair of tickets to...
PUBLISHED Mar 13, 2019 05:50 AM

Lippo Karawaci unveils US$1b funding plan, new management team

INDONESIAN real estate developer Lippo Karawaci (LPKR) has secured US$1.01 billion in...
PUBLISHED Mar 13, 2019 05:50 AM

Retail sales up 7.6% in Jan, recovering from Dec decline

Singapore has grounded all Boeing 737 Max planes following two fatal accidents involving...
PUBLISHED Mar 13, 2019 05:50 AM

Siemens collaborates with industry partners to develop building technology

GERMAN giant Siemens has been working closely with industry players in Singapore to...
PUBLISHED Mar 13, 2019 05:50 AM

S$200m to be set aside to beef up Singapore's supercomputing capability

SINGAPORE'S National Research Foundation (NRF) will set aside S$200 million to...
PUBLISHED Mar 13, 2019 05:50 AM

COMPANIES & MARKETS

Singtel close to ratings downgrade trigger: S&P

ANOTHER credit agency has warned that Singtel is flirting with a downgrade to its long-...
PUBLISHED Mar 13, 2019 05:50 AM

Corporate digest

SHAREHOLDERS of Advanced Holdings approved the proposed acquisition of a 12.25 per cent...
PUBLISHED Mar 13, 2019 05:50 AM
HOCK LOCK SIEW

Is it time to let Malaysia Airlines fend for itself?

THIS year - it was hoped - would be remarkably different for ailing Malaysia Airlines (...
PUBLISHED Mar 13, 2019 05:50 AM

LMIRT to buy retail mall in Jakarta for 3.7t rupiah

LIPPO Malls Indonesia Retail Trust (LMIRT) is looking to acquire Lippo Mall Puri in West...
PUBLISHED Mar 13, 2019 05:50 AM
HOT STOCK

SGX shares continue to fall on heavy trading

SHARES in the Singapore Exchange (SGX) continued to dip on relatively heavy trading on...
PUBLISHED Mar 13, 2019 05:50 AM

More than 800 needy households to receive free Lianhe Zaobao for a year

STARTING from April, more than 800 needy households will receive free Lianhe Zaobao print...
PUBLISHED Mar 13, 2019 05:50 AM

China investors turning positive towards convertible bonds

SHUT out of a world-beating rally in equities, China's fixed income investors are...
PUBLISHED Mar 13, 2019 05:50 AM
COMMENTARY

Meituan shows pragmatism is a dish best served hot

AS LONG as Meituan Dianping is posting operating losses, any revenue figure that beats...
PUBLISHED Mar 13, 2019 05:50 AM
STOCKS

Asian markets rally in risk-on mood

MUCH focus on Wednesday will be on whether UK Prime Minister's Theresa May's...
PUBLISHED Mar 13, 2019 05:50 AM

Brokers' take

While the market is favourable, managers of CCT are trying to maximise revenue. It has...
PUBLISHED Mar 13, 2019 05:50 AM
CURRENCIES

US dollar claws back losses as Brexit nerves hurt pound

THE US dollar recovered from earlier losses on Tuesday after legal advice from Britain...
PUBLISHED Mar 13, 2019 05:50 AM

REAL ESTATE

Singapore condo resale prices up 0.5% in Feb from Jan: SRX

SINGAPORE condo resale prices increased in February by 0.5 per cent from January, after...
PUBLISHED Mar 13, 2019 05:50 AM

139 Cecil Street up for sale again after revamp

139 Cecil Street, formerly known as Cecil House, is up for sale again via an expression...
PUBLISHED Mar 13, 2019 05:50 AM

London's real estate market stumbles as Brexit kills dealmaking

PROPERTY investors cut or stopped purchases of commercial property in London this year as...
PUBLISHED Mar 13, 2019 05:50 AM

Blackstone-backed firm seeks 47.5b rupees in India's first REIT

EMBASSY Office Parks REIT, backed by Blackstone Group LP, plans to raise about 47.5...
PUBLISHED Mar 13, 2019 05:50 AM

New York governor calls for permanent 2% property tax cap

NEW York governor Andrew Cuomo called on the state legislature to approve a permanent 2...
PUBLISHED Mar 13, 2019 05:50 AM

BANKING & FINANCE

Beijing scrutinising US$43b pawnshop lending boom

THESE are not the small-dollar lending, used-guitar selling pawnbrokers of middle America.
PUBLISHED Mar 13, 2019 05:50 AM

Pound rallies as May gets new Brexit deal for Parliament vote

THE pound advanced for a second day and gilts fell as the UK government said it had...
PUBLISHED Mar 13, 2019 05:50 AM

Philippine peso falls after new central bank governor says it is near top end of band

THE Philippine peso swung to a loss after the new central bank governor indicated that...
PUBLISHED Mar 13, 2019 05:50 AM

ENERGY & COMMODITIES

Traders now pay close attention as farmers become live-streaming stars

STREAMING apps have taken China by storm with short videos of dancing teens lip-syncing...
PUBLISHED Mar 13, 2019 05:50 AM

Opec sits down to dinner with shale adversaries in Texas

OPEC's secretary general met with senior executives from North America's...
PUBLISHED Mar 13, 2019 05:50 AM

Sime Darby Plantation looking downstream for growth

MALAYSIAN oil palm grower Sime Darby Plantation plans to boost its refining capacity and...
PUBLISHED Mar 13, 2019 05:50 AM

TECHNOLOGY

Obscure Japanese firm ensures iPhones get slimmer, better

AFTER two decades in development, chipmakers are making a costly bet on a technology that...
PUBLISHED Mar 13, 2019 05:50 AM

Kim Jong Un has more to lose if he tests missile

NORTH KOREAN leader Kim Jong Un is showing signs he might fire his first rocket in 15...
PUBLISHED Mar 13, 2019 05:50 AM

Google Cloud hires another Oracle veteran for top post

ALPHABET INC'S Google Cloud has hired Amit Zavery to lead one of its engineering...
PUBLISHED Mar 13, 2019 05:50 AM

CONSUMER

Apple says 'It's showtime' on March 25 with TV service announcement expected

APPLE has invited the world's media to an event on March 25 at the Steve Jobs...
PUBLISHED Mar 13, 2019 05:50 AM

Murdoch's News Corp wants Australia to break up Google to protect news media, advertising

THE Australian arm of Rupert Murdoch's News Corp called for an enforced break-up of...
PUBLISHED Mar 13, 2019 05:50 AM

Yum China to open KFC outlets at petrol stations

YUM China Holdings is partnering China's two biggest state oil giants to open...
PUBLISHED Mar 13, 2019 05:50 AM

TRANSPORT

STRAIT TALK

Food for thought on grounding of Costa Concordia

LAST week I attended a lecture in London which was the most thought provoking I have...
PUBLISHED Mar 13, 2019 05:50 AM

Mahathir weighing shutdown or ?sale of Malaysia Airlines

MALAYSIA'S Prime Minister Mahathir Mohamad said he's studying options for flag...
PUBLISHED Mar 13, 2019 05:50 AM

VW beats forecasts in 2018, still marked by diesel fallout

MAMMOTH German carmaker Volkswagen reported on Thursday growing profits and revenues in...
PUBLISHED Mar 13, 2019 05:50 AM

Renault, Nissan, Mitsubishi unveil new joint board

CAR-MAKERS Renault, Nissan and Mitsubishi Motors announced the creation of a joint board...
PUBLISHED Mar 13, 2019 05:50 AM

GOVERNMENT & ECONOMY

LATEST US DATA

US core inflation unexpectedly cools on weaker car, drug prices

A KEY measure of underlying US inflation unexpectedly eased in February amid falling...
PUBLISHED Mar 13, 2019 05:50 AM

Japan firms and unions wary of wage hike

BIG Japanese firms are set to offer smaller pay increases this year at annual wage talks...
PUBLISHED Mar 13, 2019 05:50 AM

China lawmakers urge easing family planning rules as birth rates plunge

DELEGATES to China's parliament are urging the overhaul or even scrapping of...
PUBLISHED Mar 13, 2019 05:50 AM

LIFE & CULTURE

9 concerts in 7 days at the world's most famous concert hall

SAY the phrase "classical music" and many will imagine a renowned symphony...
PUBLISHED Mar 13, 2019 05:50 AM

Matilda spins magic at Marina Bay Sands

THE hype doesn't always match the reality. But in the case of Matilda The Musical,...
PUBLISHED Mar 13, 2019 05:50 AM

EXECUTIVE MONEY

To rebalance or not to rebalance

THE question of whether to shift allocation from equity to bonds is one that invariably...
PUBLISHED Mar 13, 2019 05:50 AM

The bull market began 10 years ago; why aren't more people celebrating?

THE financial system had nearly collapsed. The deepest recession in decades was devouring...
PUBLISHED Mar 13, 2019 05:50 AM

OPINION

Keeping keen eye out for business ventures

BUSINESS opportunity identification is a significant event that spurs entrepreneurial...
PUBLISHED Mar 13, 2019 05:50 AM
THE BOTTOM LINE

Lack of archival law ensnares Hong Kong's government

FOR almost a year, Hong Kong's MTR Corporation has been mired in scandal. Reports of...
PUBLISHED Mar 13, 2019 05:50 AM
EDITORIAL

Singapore property market: developers standing firm for now in supply glut

THE effects of last July's property cooling measures, as well as an abundance of...
PUBLISHED Mar 13, 2019 05:50 AM

Ensuring economic security in the gig economy

ONE of the most disruptive ways in which technology is changing the world of work is...
PUBLISHED Mar 13, 2019 05:50 AM
COMMENTARY

China shows that all roads lead to Rome

CHINESE Foreign Minister Wang Yi took a swipe at Washington over the weekend over the...
PUBLISHED Mar 13, 2019 05:50 AM

BREAKING NEWS

Mar 20, 2019 12:26 AM

Protesters in yellow vests invade UK Attorney General's office

[LONDON] Protesters wearing yellow vests invaded the office of Britain's Attorney General in central London on...
Mar 20, 2019 12:16 AM

EU to study Boeing software updates before allowing flights to resume

[BRUSSELS] The European Union will not allow models of the Boeing aircraft that crashed in Ethiopia to fly in its skies...
Mar 20, 2019 12:01 AM

Saudi King launches US$23b Riyadh beautification programme

[RIYADH] Saudi Arabia plans to pour US$23 billion into beautifying its capital, Riyadh, with projects expected to...
Mar 19, 2019 11:45 PM

Investors go after Danske for US$475m

[COPENHAGEN] Institutional shareholders in scandal-ridden Danske Bank are suing the Danish lender for US$475 million in...
Mar 19, 2019 11:31 PM

RBI chief calls for more fiscal coordination by state and federal govts

[MUMBAI] India's central bank Governor Shaktikanta Das said on Tuesday it was important to co-ordinate fiscal...
Mar 19, 2019 11:15 PM

UBS fined US$37m by UK for 136 million reporting errors

[LONDON] UBS Group AG was fined £28 million(S$50.2 million) by the UK Financial Conduct Authority for failings related...
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