The Business Times

Baode Building sold for S$27m in collective sale The 8-storey residential building on 8 Lorong 35 Geylang, which comprises 14 apartment units on a site area of 1,031.4 square metres (sq m) (around 11,102 square feet), wa…

Petrochem industry needs a 'just transition' to green economy: Workers' Party According to a 2019 answer to a Parliamentary Question, the energy and chemicals industry employed about 28,000 people in 2018. The number wen…

#BTOPINION: Large residential en-bloc sites can work despite cooling measures In the latest #THELEVELGROUND, BT writes how a larger site which offers a bigger canvas for creative developers to develop a leading-edge prod…

New Chinese hacking tool found, spurring US warning to allies The "highly sophisticated" Chinese hacking tool, called Daxin, has been able to escape public attention for more than a decade, according to Symantec. In its…

#BTOPINION: Singtel's redevelopment of Comcentre to unlock value is a well-trodden path In the latest #HOCKLOCKSIEW, BT identifies that Singtel's over S$2 billion redevelopment of its Comcentre headquarters will diversif…

Indonesia may see spike in inflation, faster interest rate hikes due to war: analysts Although Indonesia does not have strong trade and investment links with either Ukraine or Russia, analysts say the war will likely pus…

Labour MPs call for foreign manpower tweaks, expanded training to support local workers Enhancing the Employment Pass (EP) framework is among the most urgent tasks needed to improve conditions for professionals, managers…

Hikes in DC rates mirror broad-based recovery in most segments of S'pore property market The government has raised development charge (DC) rates for the landed and non-landed residential, commercial and industrial use gr…

Isolating Russia: 10 sectors where businesses are reacting BT's Wong Pei Ting takes stock of the growing list of companies that are looking to pull out of the energy and metals powerhouse, which is in the hot seat for in…

Lockdown fears spark panic buying in Hong Kong Uncertainty over mixed messaging from the authorities about whether or when the city would be in lockdown for an upcoming population-wide testing period triggered a mass cle…

Ron Sim's V3, which owns OSIM, files for Hong Kong IPO The group owns the OSIM brand — known for its massage chairs and relaxation products; luxury tea brand TWG Tea; nutritional supplement retailer ONI Global; and Futur…

Robust increase in ultra-wealthy individuals in Singapore and globally in 2021: report Knight Frank's latest 2022 edition of The Wealth Report found that in Singapore, the number of UHNWIs rose 8.6 per cent to 4,206 in 2…

Sea’s e-commerce arm Shopee exits France a few months into Europe foray The site will close on Mar 6, Shopee said in a notice on its website in the country, promising to complete all paid orders till then. France was one…

Biden to host South-east Asian leaders in Washington in late March This special summit, to commemorate 45 years of US-Asean relations, will be held on Mar 28 and 29 in Washington, the White House announced on Monday (Feb…

Around US$23m raised via crypto to fund Ukraine's defence efforts This figure, raised through over 24,000 crypto-asset donations in 5 days, includes a single donation worth US$1.86 million, which "appears to have origina…

Vast Russian army convoy spotted north of Kyiv Satellite photos provided by Maxar, a US company, showed that the convoy — which had been massing since Sunday — had mushroomed to more than 64 km of military vehicles. It s…

Growing demand for remote tech talent in Vietnam, Indonesia The hunt for tech talent is not just raging within Singapore, but also intensifying in the remote hiring market in South-east Asia, as recruiters see more deman…

Luxury home prices to climb 5.7% this year: Knight Frank "Asian cities are expected to trail slightly in 2022, but with cities such as Singapore (+2 per cent) already announcing higher rates of stamp duty, some investors…

DBS, OCBC, UOB said to be cutting financing for Russian energy trades The limits include a halt on issuing so-called letters of credit in US dollars for trades involving Russian oil and liquefied natural gas, said source…

Singapore inflation set to rise with growth outlook clouded by Ukraine crisis: Gan "However, what is clear is that inflationary pressures are likely to rise further in the near term, especially through an increase in the…

Dream Cruises' World Dream to stop sailing after liquidation; request for refunds must be submitted The operator says it no longer has the financial capacity to keep it going. Those who had paid deposits for scheduled sa…

Ceasefire talks get underway in Belarus as Ukraine demands Russia withdraw troops Ukraine demanded an immediate Russian ceasefire and troop withdrawal on Monday (Feb 28) as its delegation arrived in Belarus for talks wit…

Chinese EV maker Nio pursues secondary listings in Singapore, Hong Kong The company - widely seen as one of Tesla's closest competitors in China - has received in-principle approval for a secondary listing on The Stock E…

Citi to launch Inspiring Entrepreneurs series on Money FM 89.3 from Mar 1 It will consist of 15-minute long episodes as Money FM's senior producer-presenter Rachel Kelly talks to senior members of the companies' manageme…