The Business Times

JPMorgan hands out cash to Hong Kong staff to boost morale The cash payment will allow staff to treat themselves and their families to a meal once the current restrictions are lifted, a Hong Kong-based JPMorgan spokeswom…

New point-based system for EP applicants, including local employment, firm diversity criteria With the introduction of Compass, candidates will only be eligible for an EP if they both meet the new qualifying salary bench…

Five things to watch at Johor elections on Mar 12 The country's political scene has undergone varying degrees of turmoil since the shock defeat of the Barisan Nasional (BN) coalition at the 2018 general election. Since t…

#BRUNCH: Iskandar Boleh The rosy narrative of Malaysia's booming growth corridor Iskandar, Johor, has waned in recent years. Little by little, the economic zone is getting back on its feet. Can it get its mojo back? BT's…

Big firms could face data breach fines of up to 10% of turnover from Oct 1 Under the amendments to the Personal Data Protection Act (PDPA), the maximum financial penalty for data breaches will be raised to S$1 million or…

High Court orders freeze of US$7m in stolen crypto; exchanges asked to disclose information The court heard that before the alleged theft, the plaintiff, who is unnamed in the judgement, had stored his cryptocurrencies i…

Sea faces prospect of depleting fuel for Shopee dream For the first time since its listing, Sea guided that its gaming business could see a year-on-year decline. This raises some concerns about the continued viability of…

Ukraine crisis hits supply chains; air freight feels the impact In addition to dealing with surging fuel prices, firms have to also deal with the repercussions of disruptions to air transport as Europe, Canada, the Unite…

Keep abreast of Ukraine news, report suspicious transactions: MAS tells banks "The developments relating to Russia and Ukraine could also give rise to money laundering, terrorism financing, and other financial crime conc…

Hong Kong residents escape to Singapore as Covid lockdown looms A net 71,000 people left Hong Kong in February, the biggest outflow since the pandemic began, as the city’s most rampant wave of Covid intensified. While Ho…

New S$70m support scheme for eateries, retailers; S$50m campaign for heartland shops F&B and retail businesses are set to qualify for a higher level of funding from the Productivity Solutions Grant and Enterprise Develop…

[JUST IN] Singapore to launch VTLs for Greece, Vietnam; will extend to more cities in Asia Also on this new list of VTL destinations are Penang and Bali — with all these kicking in from March 16. More details:

Government may extend Temporary Electricity Contracting Support Scheme beyond May if needed The scheme was extended once from March to May and if necessary, it may be extended further, Second Minister for Trade and Indus…

Singapore unveils 10-year economic strategy with new targets for trade and other pillars MTI, for instance, intends to raise Singapore's export value from S$805 billion in 2020 to at least S$1 trillion by 2030, and doubl…

Asset managers freeze funds with significant exposure to Russia as sanctions bite FTSE Russell said the exclusion will take effect March 7. MSCI said its decision will be implemented "in one step'' across all MSCI indexe…

Malaysia holds rate at record-low, warns of Ukraine risks It also said that the current stance of policy monetary is "appropriate and accommodative", and would continue to be determined by new data and their implications…

Grab crashes 37.3% after Q4 net loss nearly doubles It chalked up a net loss of US$1.1 billion compared with US$576 million a year ago, for the fourth quarter ended Dec 31. Shares in the company crashed on Thursday (Mar…

Hong Kong, buckling under Covid, leaves its most vulnerable in the cold As Hong Kong sinks under its fifth, and worst, coronavirus wave, the brunt is falling upon its most vulnerable: migrants, racial minorities, the wor…

Rich Russians spend big on luxury to stop savings melting away Much like gold, which can serve as a store of value and a hedge against inflation, luxury watches and jewellery can hold or even increase in price amid econo…