The Business Times

UOB posts 67% rise in net profit to S$1.5 billion UOB CEO and deputy chairman Wee Ee Cheong noted that the bank’s diversified franchise – particularly its wholesale and retail businesses – contributed to the strong resul…

[BREAKING] Singapore hikes residential property ABSD across the board, doubles foreigner rate to 60% The ABSD rate has been raised from 17% to 20% for Singapore Citizens purchasing their 2nd residential property, and fro…

#BTOpinion: The clock is ticking for Singapore’s pioneer Spacs With time running out for Singapore Spacs to do a business combination, it looks increasingly likely that they will have to seek an extension from SGX to fin…

Iras to reward whistleblowers on private property deals exploiting ‘99-to-1’ loophole to evade ABSD A reward based on 15% of the tax recovered - capped at $100,000 - for each case will be given to informants if the infor…

Yield on latest Singapore 6-month T-bill rises to 3.83%; demand slips for latest SSB issuance A senior rates strategist noted that while yields are higher, retail investors just do not seem to have as much interest in th…

No plans to erode excess capital given market uncertainty: OCBC chairman But board chairman Andrew Lee acknowledges shareholders' views that the bank's Common Equity Tier 1 (CET1) ratio 'may be a bit too high' compared t…

Electronics ‘insourcing’, fragmented value chain pose challenges, chances for Singapore: MAS With the rising importance of Asean and India, it could be good for upstream producers in Singapore to forge stronger links wit…

BAT Singapore pleads guilty to conspiracy over N Korea sanctions; parent to pay US$635 million to US A Singapore subsidiary of cigarette maker British American Tobacco (BAT) pleaded guilty to charges of conspiracy to com…

HDB rents, volumes rise in March as condo market dips: SRX, 99.co “The rise (in HDB rentals), as opposed to condo rentals, could be reflective of tenants switching to lower rental alternatives in the HDB market,” says an…

Uncertainty, financial stability tail risks have risen globally and for Singapore: MAS Singapore’s GDP is expected to grow 0.5% to 2.5% this year, moderating from 3.6% in 2022 and with risks tilted to the downside.

Residential rent pressure expected to ease in 2023, sharp rise last year ‘exceptional’: MAS MAS expects that about 32,000 public and private residential units will be completed per year between 2023 and 2025.

✍️Editorial: Time for a fundamental rethink of the COE Prices have reached a point where there is no longer any trace of equitability. Owning a car is no longer affordable for Singaporeans who are neither wealthy, nor pr…

Top 500 family firms’ revenue up by 10% despite global slowdown: study Of the 500 listed in the study, two were from Singapore - Golden Agri-Resources was ranked 177th and Yanlord Land Group was ranked 339th in 2023.

Singapore banks face limited NIM growth, rising asset quality risks in Q1: analysts Q1 results will likely see additional pressure from funding costs and muted loan growth, say analysts.