The Business Times

Stocks of firms that diversified into hot sectors and crude oil plays among best performers for 2021 Many top performing Singapore stocks last year diversified into new businesses that are favoured by the market, which h…

China property tax trial likely delayed during real estate slump China has been talking about rolling out a nationwide property tax to regulate the market and control soaring prices for over a decade. Nothing has happene…

GameStop plans to launch an NFT marketplace The company is also in talks with crypto and blockchain companies about which tokens could be used on the NFT marketplace, which it hopes to launch by the end of this year. It'…

iFast to acquire 85% stake in UK-incorporated BFC Bank for £40m The acquisition, which will enable the group to add a digital bank to its fintech ecosystem, is part of iFast's 5-year plan to have a global business model.…

Australia's most populous state to reinstate some Covid-19 curbs: report New South Wales (NSW), the worst affected Australian state from the fast-spreading Omicron coronavirus variant, has registered record daily infecti…

Malaysia's top anti-graft official to cooperate with regulator after share trading allegations Azam Baki, the chief commissioner of the Malaysian Anti-Corruption Commission (MACC), has faced calls to explain allegations…

Carousell said to be in US$1.5b SPAC deal talks with L Catterton The US-listed SPAC is backed by L Catterton, the US$30 billion buyout firm minority-owned by Paris-based luxury goods company LVMH Moet Hennessy Louis Vuit…

UBS, StanChart tighten work rules in Hong Kong on Omicron threat The protective measures come months after business life largely returned to normal as the city's fourth wave of infections subsided. The emergence of Omicr…

Samsung Electronics Q4 profit jumps on server chip demand, foundry margins The world's largest memory chip and smartphone maker estimated fourth-quarter profit at 13.8 trillion won (S$15.6 billion). This missed a previou…

Indonesia's ban on coal exports likely to have 'serious repercussions' on already challenging market: observers The ban comes even as the coal market has been grappling with instability. Prices had surged to record highs…

North Korea says it test-fired hypersonic missile The missile was test-fired on Wednesday and carried a "hypersonic gliding warhead" that "precisely hit a target 700km away", the official Korea Central News Agency (KCNA)…

Tikehau's Pegasus Asia lodges prospectus for S$150m SPAC It is the second player to lodge a prospectus for a SPAC listing on the Singapore Exchange, just hours after Vertex Technology Acquisition Corporation, the vehicle…

#BTExclusive: DWS, Hines poised to buy ramp-up industrial building for S$93.8m The two firms, from Germany and Houston respectively, are purchasing the 9-storey Bukit Batok Connection at a price of about S$248 per square…

US to revise Singapore travel advisory after Covid data flap At issue was a lack of testing findings the CDC previously obtained from aggregator Our World in Data, according to a separate statement from CDC to Bloomberg…

OCBC to continue with physical tokens as it weighs fraud risks to customers Francisco Celio, OCBC head of group corporate security, said that unlike other SMS phishing scams, the recent attack is "particularly aggressive…

Short-seller who bet against Wirecard wagers Tesla is overpriced Is Tesla's stock overvalued? The guy who accused Wirecard of fraud long before their game was up is now calling out the electric vehicle maker for having a…

Vertex Technology lodges preliminary prospectus for S$200m SPAC The SPAC, established by Temasek-linked Vertex Venture, will offer 11.8 million units at a price of S$5 per unit. There will be a public offering of 600,000…

Q&A with Robson Lee: A closer look at the ESR-Sabana deal ESR-Reit dominated headlines last year as its proposed merger with Sabana Industrial Reit (Sabana Reit) was scuttled by disgruntled unitholders. BT's Jude Chan sp…

PBOC-backed newspaper warns of yuan depreciation pressure in 2022 In a commentary, the newspaper called the Financial News said a string of factors including shrinking yield advantages, a strengthening dollar, a narrowin…

Aggrieved Laguna noteholders to launch class-action suit against Peter Kwee this month At the heart of this dispute is money — to the tune of tens of millions of dollars — that has not yet been paid back to debenture hol…

NTUC Income to corporatise in bid to raise its competitiveness and fuel growth In a statement, Income said it is looking to the corporatisation exercise to achieve "operational flexibility'' and gain access to strategic…

VIDEO: Interest rates are rising. What can homeowners do? The era of cheap money is coming to an end. With the US signalling multiple rate hikes next year, we can expect domestic interest rates to rise as well. What shou…

Singapore's accounting industry urged to redesign jobs amid risks from automation, 'Great Resignation' trends Minister Indranee Rajah noted that "a desire for better work-life balance, more flexible work arrangements and…

Singapore's unemployment rates continue declining in November There were 76,600 unemployed residents in November, of whom 70,200 were citizens. This was down from 80,000 unemployed residents in October, including 72,200…

Million-dollar HDB resale flat volume hits new high in December 2021: SRX The most expensive HDB resale flat transacted in December was S$1.36 million for a mature estate 5-room DBSS unit at Natura Loft - also the highes…

Bonus hike of 30-50% for investment bankers likely amid record M&A activity in Singapore In May 2021, the average bonus payout for investment bankers in Singapore ranged from S$20,000 to S$95,000, according to compensati…

Eyewear startup Lenskart sees expansion in South-east Asia this year The India-headquartered firm harnesses 3D AR technology to allow a customer to try on eyewear using the front-facing camera of their device with simple…

#BTOpinion: Money for Singapore's sports champions: Why and who should get it Why do monetary awards not apply to all high performance athletic competitions? Does giving money after an achievement make a difference as op…

Buyback consideration by primary-listed SGX stocks tops S$1.19b in 2021, a 3-year high More publicly-listed companies on the Singapore Exchange are buying back shares from the market, with 36 of the 85 who did this in 20…

China tech sell-off deepens as Tencent sale spooks traders Tencent's move to cut its stake in Sea is aiding expectations that the firm and its rivals may pare holdings as Beijing punishes the country's tech giants for an…