The Business Times

Another gym bites the dust; Fenix Fitness closes abruptly, with S$5 million owed to 400 creditors Members of Fenix Fitness were informed via email on Monday evening (Aug 14) that the company will be ceasing its operation…

Sea posts Q2 profit of US$331 million Sea reported a third consecutive profitable quarter, posting a US$331 million profit for Q2 2023 ending Jun 30, compared to a loss a year prior.

Why China’s US$2.9 trillion trust industry is sparking fears of contagion Once seen as a safe place for wealthy Chinese to park their money for hefty returns, trust firms have defaulted on billions of dollars of investme…

Lucasfilm winds down Singapore operations due to industry challenges Lucasfilm sold its Sandcrawler building in Singapore to US private equity giant Blackstone Group in 2021.

DBS’ Piyush Gupta calls for rethink on Singapore’s reserves The administration should consider whether to use it to “address the underbelly of society” or more importantly, to scale up Singapore’s presence in new sectors…

Clementi, Pine Grove sites for about 1,065 units could draw bids of up to S$1,200 psf Of the two sites, the Clementi plot is likely to see stronger interest, as it sits in an area where there have been few new projects r…

New private home sales surge in July with 4 major launches, but sentiment may be turning Buyers are likely to be “very cautious”, say industry players, with one adding that "the 70-80% sell-out rate we had for some condo…

MAS revises stablecoin regulatory framework, prepares for industry consultation Monetary Authority of Singapore revised its stablecoin regulatory framework, as it aims to maintain a higher degree of stability within stab…

Housekeeper, porter added to jobs list where firms can hire non-traditional work permit holders Such hires must be paid at least S$2,000 a month and cannot form more than 8% of the employer’s total workforce.

#BTOpinion: Uproar over OCBC banking app’s new security feature is clearly misplaced Users should heed OCBC’s warnings instead of complaining about privacy violations or convenience penalties, says BT's Jun Yuan. In fact…

Manulife US Reit abandons H1 distribution; sponsor says ‘remains committed’ despite earnings call no-show The manager of Manulife US Reit declared no distribution for H1, as the Reit has breached banks’ unencumbered gear…

Strategic reviews not necessarily a panacea for struggling listcos, observers say Keppel Corporation has been the top performing stock since announcing a strategic review, posting a 191.5% to shareholders. On the other h…