Monday, 5 September 2016

Singapore’s hawker kopi gives hipster cafes a run for their money

2016-09-05 IF YOU are craving for a sea salt caramel latte, do not head to the nearest hipster cafe. Run instead to the hawker centre. Yes, the hawker centre. A new wave of hawker centre drinks stalls is jazzing up kopi and teh with syrups, spices and ice...

Japan warns Brexit may drive banks, pharma investment to EU

2016-09-05 JAPAN has warned Britain that its exit from the European Union could prompt Japanese financial institutions to relocate from London and listed a raft of concerns from Japanese companies about the transition away of the EU. In a 15-page report...

Apple tax decision not against US: Juncker

2016-09-05 EUROPEAN authorities’ decision to slap Apple with a huge bill for back taxes was not a decision “against the United States”, European Commission chief Jean-Claude Juncker said yesterday as world leaders gathered in China for a major economic summit...

Many Malaysian households at risk of financial shocks

2016-09-05 WITH the global condition still in a fragile state, the Malaysian economy will likely face several more lean years ahead. And it is a matter of concern, as data continue to show that many households in the country are a vulnerable lot, given the...

Chinese take credit for boom in car loans

2016-09-05 CHINESE households, traditional savers with an aversion to debt, are rapidly warming to the idea of borrowing to buy a car, as automakers push financing deals to boost sales and margins in an increasingly competitive market. Nearly 30 per cent of...

Pakistan grants tax neutrality for sukuk deals

2016-09-05 PAKISTAN’S Federal Board of Revenue has granted sukuk transactions similar tax treatment to conventional bonds, the latest government incentive aimed at developing the country’s Islamic finance sector. In a statement late on Saturday, Pakistan’s...

China’s Xi: World economy at risk

2016-09-05 THE global economy is being threatened by rising protectionism and risks from highly leveraged financial markets, Chinese President Xi Jinping said at the open of a two-day summit of leaders from G20 nations. His warning yesterday followed...

Saturday, 3 September 2016

Consumer giants court Muslims with halal face creams, shampoos

2016-09-03 SOME of the world’s biggest consumer groups are making halal face creams and shampoos for Indonesia ahead of a new labeling law, part of a broader push to cater to growing Muslim populations as sales in many Western markets slow. Unilever,...

Marooned Hanjin vessels spark shipping crisis

2016-09-03 SOUTH Korea’s flagship Hanjin Shipping company said yesterday about one third of its cargo fleet – some forty ships – is marooned at sea or has been seized at ports, as international shipping staggers after its biggest ever bankruptcy filing. On...

Dubai debuts driverless minibus

2016-09-03 DUBAI has unveiled its first driverless bus service, launching a month-long trial period for the electric vehicle with a view to expanding it across the futuristic Gulf city state. The 10-seat vehicle made its first trip on Thursday along a 700-...

Samsung halts Galaxy Note 7 sales

2016-09-03 SAMSUNG suspended sales of its Galaxy Note 7 smartphone yesterday, just two weeks after the flagship phone’s launch, after finding batteries of some of the gadgets exploded while they were charging. Koh Dong-jin, president of Samsung’s mobile...

Friday, 2 September 2016

Kickstarter comes to Singapore

2016-09-02 IT JUST got easier for people here to create that dream invention or raise money to make an indie film. Kickstarter, the world’s largest crowd-funding platform for creative projects, launched Wednesday in Singapore and Hong Kong — its first foray...

China manufacturing index at 2-yr high

2016-09-02 AN OFFICIAL measure of manufacturing activity in China rebounded to its strongest level in nearly two years last month on improving production and demand, the government said yesterday, boding well for the world’s second-largest economy. The...

Thursday, 1 September 2016

Fly economy class: Even wealthy Qataris taste austerity

2016-09-01   FLY economy class, share an office, cancel journal subscriptions: these are some of the requests being put to government employees in Qatar, as low energy prices force austerity even among the world’s wealthiest citizens. With huge offshore gas...

Japan factory output flat in July

2016-09-01 GROWTH in Japan’s industrial output ground to a halt in July after June’s gains, underscoring the fragility of factory activity - a continuing challenge to policymakers grappling with a stalling economy. The flat reading compared with economists’...

What can we learn from Singapore-listed Swiber?

2016-09-01 RAMIFICATIONS from the oil price slump hit Singapore’s shores when Swiber Holdings Ltd, a Singapore-listed marine engineering company, defaulted on a coupon payment early August. According to an S&P Global Ratings executive comment published...

E-commerce, bags to drive Asian plastics demand growth through 2017

2016-09-01 ASIAN shoppers’ fondness for buying on the internet along with the region’s steady economic growth should boost Asia’s plastics demand for the next two years. Asia’s e-commerce market may expand by more than 30 per cent to an average per year of...

S Korea’s Hanjin Shipping files for receivership

2016-09-01   SOUTH Korea’s Hanjin Shipping Co Ltd filed for court receivership yesterday after losing the support of its banks, setting the stage for its assets to be frozen as ports from China to Spain denied access to its vessels. Banks led by state-run...

Wednesday, 31 August 2016

Thailand’s first halal hotel seen to boost Muslim arrivals

2016-08-31 PREDOMINATELY Buddhist Thailand has opened its first halal hotel as hopes to attract more Muslim visitors and boost one of the few bright spots in its economy. Nearly 30 million foreign tourists came to Thailand last year but only about 658,000...

Tuesday, 30 August 2016

Lotte probe exposes flaws of Korea Inc

2016-08-30 LOYALTY has been a driving force in the success of South Korea’s family-run “chaebol” conglomerates, but it can also shield the failings of its corporate culture and on Friday was linked to tragedy at the Lotte Group, the subject of a sweeping...