The Business Times

Rising interest rates and their impact on mortgages in an open economy like Singapore How should investors and property buyers in Singapore view the impact of rising interest rates on mortgages? Analysts say that even wh…

#BTOpinion: The big market questions for 2022 Inflation: if not transitory, then what? Will US equities keep rising? What is the outlook for Europe? What next for China and emerging markets? Analysts share their take on…

China Mobile to raise up to 56b yuan in Shanghai listing The world's largest mobile network operator by total subscribers said in a prospectus that it plans to sell up to 845 million shares at 57.58 yuan apiece, raising…

En bloc hopefuls push on with tenders despite cooling measures The latest cooling measures may "take the heat out of the en bloc market" and prompt some collective-sale candidates to possibly give up or at least decide t…

#BTOpinion: Should more Singapore property groups venture to the US? In this week's #TheLevelGround, BT's Leslie Yee points out that Singapore's property developer giants are active in the region and even in the UK and A…

Global M&A activity smashes all-time records to top US$5t in 2021 Technology and healthcare, which typically account for the biggest share of the M&A market, led the way again in 2021, driven partly by pent-up demand fro…

US banks tighten Covid-19 precautions as Omicron variant spreads Most major US banks have had staff working in offices since the summer, but some are now choosing not to host holiday parties and others are strongly recom…

MOM extends foreign worker levy rebate, waiver of foreign worker levy during SHN The extension of the levy rebate, which was due to expire in December 2021, is expected to help about 15,000 firms, MOM said. It noted that…

One click to debt: 'buy now, pay later' is fintech's flavour of the year "Buy now, pay later" or BNPL is emerging as a new payment model adopted by more and more players, and many online retail platforms now offer the op…

Employers to receive over S$400m in JSS payouts from Dec 31 This brings the total amount of JSS support to more than S$28 billion since the scheme was introduced in February 2020. The December payout is estimated to supp…

#BTOpinion: Grab's asset-light model acquiring more of a physical flavour In today's #HockLockSiew, BT correspondent Benjamin Cher notes the ride-hailing giant's moves toward increasing the amount of physical assets it o…

StanChart fined £46.6m for misreporting liquidity position The Prudential Regulation Authority (PRA) said the fine related to reporting errors Standard Chartered made between March 2018 and May 2019 when it was subject t…

Suspected Omicron cluster found at Anytime Fitness in Bukit Timah Shopping Centre The 3 cases found so far are 2 men, aged 21 and 24, and an 18-year-old Ngee Ann Polytechnic student who was last in school on Dec 15. None…

World Economic Forum defers Davos meeting amid pandemic The high-powered meeting scheduled for Jan 17-21 will instead be held in “early summer”, the organisers said. This is not the first time WEF has postponed its annua…

AXA Singapore CEO Jean Drouffe dies at age 47 of rare cancer Drouffe, who joined AXA Group in 2000, succumbed to a rare and aggressive form of cancer this week, according to a LinkedIn post by Gordon Watson, AXA's chief…

PODCAST: In this 109th episode of Money Hacks, correspondent Howie Lim speaks to co-founder of Sophia and gender lens investor, Tanya Rolfe about closing the gender investing gap through education, especially since women…

Ng Yu Zhi faces 6 new charges; spent over S$100m on luxury cars, watches, property Over S$20 million was spent on 20 luxury cars, over S$15 million on high-end jewellery and luxury watches, over S$20 million for 4 proper…

Elon Musk says he'll pay over US$11b in taxes this year The unusually high levy comes after Musk exercised almost 15 million options and sold millions of shares to cover the taxes related to those transactions. That was…

#BTOpinion: After being crowned badminton's newest world champion, Loh Kean Yew can dream of Olympic glory next Godfrey Robert writes: "Loh's romance with badminton began when he was 4 years old, the gate outside his hom…

Toyota to halt production at 5 factories in January due to supply chain issues It said the stoppage at the factories will affect about 20,000 vehicles, but won't impact their annual target to manufacture nine million veh…

Dutch prosecutors to demand sentences for MH17 suspects Prosecutors will also formally present the indictment during three days of hearings from Monday, charging the men with the murders of all 298 people on the Boeing 7…

OUE to acquire 17.2% stake in Indonesian tech investment company for 1t rupiah Multipolar is a technology investment company with a portfolio covering retail and e-commerce, consumer services, financial services, technol…

China cuts interest rates for first time in 20 months The move marks the first reduction of the rate — which guides how much interest commercial banks charge to corporate borrowers — since April 2020. It also follows the…

Iris Capital launches Malaysia's first venture debt fund The Iris Fund will be co-managed by Hanwha Asset Management, in its first venture debt partnership in Malaysia. The fund's backers include Penjana Kapital, which i…

#BTOpinion #mark2market: Hunting for 'multi-baggers' in the Singapore market In his latest for this column, senior correspondent Ben Paul makes the case for "multi-bagger" stocks, and how active management and a willingn…

2 mDR senior executives misappropriate S$2.08 million in company funds The mainboard-listed group had discovered 2 separate cases of unauthorised use of its marketing incentive rebates at its subsidiaries - 3 Mobile Tele…

Manchin delivers potential fatal blow to Biden's US$1.75t spending bill The key Democratic US senator said he "just can't" support the US president's Build Back Better bill, aimed at expanding the social safety net and t…

Singtel flags A$304m of exposure, interest and penalties from Australian tax case loss The dispute relates to the acquisition financing of Singtel Optus, then known as Cable and Wireless Optus, in 2001. In 2016 the Austr…

Ringgit may continue to weaken through 2022, even as economy recovers: analysts Despite Malaysia's brightening economic prospects, the outlook of the ringgit will hinge on the pace at which the Fed withdraws asset purcha…

China's big tech money seen in US$2b worth of South-east Asian deals The year 2021 saw another wave of Chinese money flowing into South-east Asia, with tech giants Alibaba, Ant Group and Tencent participating in over 10…