The Business Times

Super-luxury home sales surge across America, rising 35% in 2021 Fuelled by a booming stock market, low interest rates, and a pandemic-era's heightened emphasis on home life, prices for luxury houses have risen to strato…

Oriental Group's former CEO, execs hauled to court for alleged misappropriation, securities fraud, cheating Oriental's ex-CEO was charged with misappropriating half a million dollars, and was arrested in Malaysia on Dec…

Hong Kong university confirms Tiananmen statue removal The statue commemorating those killed by Chinese troops in Beijing's Tiananmen Square had been standing in its campus since 1997, the year the city was handed back t…

Singapore's headline inflation surprises on upside at 3.8% in Nov, highest since Feb 2013 Driven by stronger private transport inflation of 17.9 per cent, November's headline inflation was the highest since February 2013…

Incoming IMF CIO and late batik artist named Berita Harian Achiever of the Year 2021 Shirin Abdul Hamid and Cultural Medallion recipient and the late batik artist Sarkasi Said have been recognised for their "outstanding…

Wirecard funds supposedly held in trust by Citadelle with OCBC confirmed to be just fraction of initial claims Detailed bank records showed massive discrepancies between the amount Wirecard was supposed to have in accoun…

Omicron has 80% lower risk of hospitalisation, new study shows Compared to Delta infections in South Africa between April and November, Omicron infections are associated with a 70 per cent lower risk of severe disease, t…

En-bloc hopeful Lakepoint Condominium now in private talks after offers fall short of reserve price The 99-year leasehold property was launched for collective sale with a reserve price of S$640 million on Oct 21 this yea…

Asti CEO retrenched amid 'difficult period' for company Michael Loh spent more than 8 years at the helm of ASTI, but will continue to serve as chairman. His last day as CEO will be Dec 31. Loh previously tried to resign…

SIC says Keppel's 8-week restriction clause shall be 'disregarded' The SIC ruling clears the way for meetings by Keppel and Cuscaden to be held on the same day, as earlier recommended by Cuscaden. SPH said it will procee…

COE premiums for smaller cars increase further to new six-year high The latest tender saw the premium for cars up to 1,600cc and 130bhp rising 3.1 per cent over the premium of S$57,010 on Dec 8 - the highest price in tha…

Tesla's Musk says he sold 'enough stock'; slams California for 'overtaxation' "California used to be the land of opportunity and now it is... becoming more so the land of sort of overregulation, overlitigation, overtaxat…

China will be able to keep economic growth stable: state planner The world's second-largest economy faces multiple challenges heading into 2022, amid a property downturn and with strict Covid-19 curbs in some areas hurti…

Gold holds tight range as higher yields counter Omicron fears US Treasury yields were higher on Tuesday (Dec 21) as traders focused on optimistic economic conditions and discounted inflation fears at a 20-year bond aucti…

AM alpha buys Robinson 112 for S$269.7m The Munich-based privately-owned real estate family office's purchase works out to S$2,925 per square foot based on a net lettable area (NLA) of 92,205 sq ft. This is close to a 2…

Badminton meets business: 6 business leaders share their takeaways from the game Badminton is a well-loved sport in Singapore, and Loh Kean Yew's world championship win will undoubtedly give the sport yet another boost.…

#BTOpinion: Stamp duty traps to watch out for Two tax experts break down the implications of the government's latest property cooling measures, noting that intriguingly, the maximum amount of stamp duty payable by a taxp…

Singapore invested over US$950m in manufacturing projects in Iskandar since 2019: joint ministerial committee 52 projects amounting to US$371 million were approved in 2019, while another 52 projects amounting to US$476 m…

BT’s Top Stories from Last Week: 1. Crypto billionaire Zhu Su in early stage of buying S$49m GCB as trustee for 3-year-old bt.sg/oRZN 2. Binance pulls out of Singapore, shuts down trading in January bt.sg/ojLd 3. After s…

Keppel Data Centres in tie-up to explore Australia liquid hydrogen supply chain The chain will connect Western Australia and Singapore, as well as potentially Japan, and according to an inked MOU, the parties involved wi…

Investment banking fees in Singapore surge 34.4% to hit US$1b in 2021 to date This growth was largely buoyed by a 91.1 per cent growth in advisory fees for completed M&A, which amounted to US$349.2 million so far this ye…

#BTOpinion: MAS should match its proposed due diligence requirements with aggressive enforcement In today's #HockLockSiew, BT senior correspondent Ben Paul lauds the move by MAS to keep corporate finance advisors in bett…

Indonesian developer Peak Tower Corp taps Marriott to run hotel at former Selegie Centre site The site is presently zoned for commercial and residential use with a plot ratio of 4.2, but will be rezoned for hotel use at…

Binance signs Dubai deal to work on international crypto framework Its founder "CZ" recently bought a home in Dubai and met with key officials in the blockchain and virtual assets industry. On Twitter and in interviews,…

AstraZeneca, Oxford aim to produce Omicron-targeted vaccine A lab study last week found that AstraZeneca's antibody cocktail Evusheld retained neutralising activity against the Omicron variant.

JUST IN: Singapore's government is freezing ticket sales for all VTL flights and buses for travel into Singapore from 23 December 2021 to 20 January 2022, both dates inclusive. All travellers who already hold a ticket on…

Are rents of private homes and HDB flats set to climb further? Heightened leasing demand has pushed rents up to levels unseen in recent years, with robust volumes in certain heartland locations as well as Districts 9 and…

Building on investments in technology, communities for a sustainable future "As developers and operators of real assets - the largest part of our business - the main focus is to minimise carbon emissions in the construct…

Sultan Plaza up for collective sale with S$360m reserve price This time round, its reserve price has been lowered from S$380 million in the previous collective-sale attempt in 2019. It is zoned for commercial use, and ca…

Omicron's global spread prompts renewed lockdowns, delayed reopenings Omicron infections are multiplying rapidly across Europe, the United States and Asia, including Japan where a single cluster at a military base has gr…