The Business Times

Tourists returning to Thailand find closed bars, empty streets With the tourism industry decimated by 2 years of Covid-19, most of the street's businesses are locked, with "Closed" signs in the windows. At the area's nig…

Singapore property executives see rising inflation and interest rates as top risk About 6 in 10 of the real estate executives also expected unit prices of new launches in the next 6 months to be moderately or substantial…

Two 999-year strata office floors on Cecil Street put on market for S$30m Each floor has a strata area of 3,929 square feet (sq ft), amounting to a total of 7,858 sq ft for both, representing 31 per cent of the entire bu…

Citi moves HK equities staff to Singapore, other markets amid Covid woes Business groups have sounded warnings that the city is facing an exodus of foreign talent as its dogged approach to keeping infections at bay, whic…

Genting Singapore H2 net profit falls 49%; expansion plans for RWS unveiled The Universal Studios Singapore theme park will feature a new zone: Minion Land, featuring the Minion characters from the animated movie Despica…

AirAsia to lease at least 100 flying taxis to launch air ridesharing service Tony Fernandes, chief executive of AirAsia parent Capital A, said flights could start by 2025 and the air ridesharing services would be bookabl…

Tomorrow is #SGBudget2022 Day – stay with The Business Times as we bring you end-to-end coverage from morning till evening: 📝 Our Live Blog is now up! Check it out now; we’ve started posting to it, but our lead bloggers…

7 things to look out for in Budget 2022 We're T-1 to Budget day, and if you've not been following lookahead coverage up to this point, this handy list will get you up to speed ahead of Finance Minister Lawrence Wong's bi…

Firms' energy costs to continue upwards spiral in 2022; utilities main cost component to rise in 2021 The cost of utilities had surged when the average wholesale electricity price jumped by 179 per cent year on year in 2…

Residential assets grab spotlight in private-equity real estate market: panel Many investors have started injecting capital into the residential sector, "mainly because it delivers the stability that everyone's looking f…

Latest Kallang/Whampoa BTO project stands out for lower pricing: OrangeTee & Tie The real estate agency expects this second project under the PLH scheme to be one of the most popular projects under this month's BTO launc…

SIA flights to Hong Kong banned for 2 weeks after passengers test positive for Covid-19 The ban will affect SIA's 2 daily passenger services to Hong Kong, SQ882 and SQ894, until March 1. But SQ883 and SQ895, the twice-da…

FairPrice Group is getting a new CEO: Pizza Hut's Vipul Chawla Stepping down is longtime CEO and Marine Parade labour MP Seah Kian Peng, who was CEO of NTUC FairPrice from 2016, and then CEO of FairPrice Group and NTUC E…

Chinese fashion firm Shein on Singapore hiring spree after founder becomes PR It made a Singapore firm its de facto holding company, and its founder-CEO Chris Xu is now a Singapore PR. Last year it de-registered its main…

Covid-19 measures saved Singapore's resident unemployment from reaching 7.5% in 2021: MOF study This according to a paper by the MOF examining the impact of Covid-19 measures on Singapore's economy and businesses, which…

HDB launches second BTO project under prime location model in Kallang/Whampoa The project comprises three-room and four-room flats housed in one block with two wings of 33 and 47 storeys. Bounded by King George's Avenue,…

Sunseap unit launches public fast-charging EV network in Singapore Charge+, the electric mobility unit of Sunseap Group, said its "Turbo" line of fast chargers provides a direct current power rating of up to 120 kilowatt…

SoftBank leads US$294m fundraise for Singapore lender Funding Societies The fintech company, known as Modalku in Indonesia, allows micro, small and medium enterprises (MSME) in South-east Asia to access short-term loans…

Property agent commissions may not rise with higher developer ABSD: poll Singapore real estate senior executives do not expect the latest hike in ABSD for developers to drive further increases in property agents' commiss…

Starbucks faces backlash in China over police incident at store The company came under scrutiny on Monday (Feb 14) after a user on Weibo said that a number of police officers had been eating outside a Starbucks store in…

Delaying GST increase high on wish list for SMEs in community and personal, professional services industries: UOB Topping the wish list of the 800 SMEs surveyed between Dec 20 last year and Jan 7 this year was "extend Jo…

China's Xi sets Hong Kong's leaders 'overriding mission' to control Covid The directive ramps up pressure on Hong Kong Chief Executive Carrie Lam a day after she said her government's response to the outbreak had been un…

Singapore keeps export forecasts for 2022 as Omicron virus dampens outlook; NODX beats official forecasts to gain 12.1% in 2021 Total merchandise trade grew by 19.7 per cent in 2021, reversing the previous year's 5.2 per…

[BREAKING] Singapore’s economy sees 7.6 per cent expansion in 2021: MTI For 2022, MTI has maintained its GDP growth forecast at between “3.0 and 5.0 per cent”.