The Business Times

ComfortDelGro announces first taxi fare hike in 10 years The operator will from March 1 raise flagdown fares by 20 cents across its entire fleet of taxis, bringing flagdown fares to between S$3.90 and S$4.10 from its cur…

Genting Hong Kong cruise ships with unpaid bills seized Two Crystal Cruises ships operating under a Genting Hong Kong unit have been seized in the Bahamas after a fuel supplier sought their arrest for US$4.6 million in u…

Will Singapore levy a property-related 'wealth tax' at Budget 2022? Some form of wealth tax looks to be on the cards at Singapore's upcoming Budget 2022, and watchers believe it is likely to be related to property. With…

They rushed to buy in pandemic; Here's what they regret Surveys found that a stunning three-quarters of people in the US who bought houses in the past two years regret doing so. They share the hard lessons they learned f…

#BTExplains: The metaverse and its 7 layers Beamable chief executive Jon Radoff, who is also an author and game designer, has broken the metaverse down into 7 different layers: experience, discovery, creator economy, spa…

TPG stays light to drive growth Singapore's fourth telco sees its smaller infrastructure base as key to maintaining competitiveness. Its CEO, Richard Tan, tells BT’s Yong Jun Yuan about their journey thus far.

#MAKINGBANK: The value of profits in volatile markets To compare a company with its peers, investors would usually use its price to earnings ratio to determine how it is performing. However, we know from past experience…

MAS orders DBS to set aside S$930m more regulatory capital over service outage This being a penalty for the widespread disruption of its digital banking services in November last year. MAS noted deficiencies in DBS' inci…

Fave veteran Ng Aik-Phong joins ShopBack as managing director Ng, who contributed to the founding of Fave, has over a decade of experience in e-commerce and fintech. In his new role, Ng will lead the rollout of 2 product…

Alibaba SEC filing may signal SoftBank plans to sell, Citi says SoftBank, which reports earnings Tuesday (Feb 8), has used buybacks in the past to bolster its own stock. Alibaba is by far it's most valuable holding.

PODCAST: This episode focuses on the pros and cons of investing in sustainable healthcare and how this much overlooked sector has some real opportunities for profit and growth. Correspondent Howie Lim hosts Nathalie Flur…

NTUC forms company-training committees with 811 firms, hopes to scale initiative in 2022 While labour chief Ng Chee Meng said he is "cautiously optimistic" about the economy in 2022, the NTUC is hoping to bring "sectoria…

#BTOpinion: Keppel's remaking of itself a work in progress In this week's #Mark2Market, BT's Ben Paul studies Keppel's organisation as a group, and how it has rearranged its structure in recent years toward "sustainable…

#SGBudget2022 lookahead: Carbon tax likely to be raised to S$10-15, but rate needs to be higher to drive change: watchers Most observers now agree that the current rate (S$5 per tonne) is too low, and Sustainability and…

LTA awards S$363m civil contract for Cross Island Line Phase 1 LTA said construction for the Pasir Ris East station and tunnels is expected to start in the second quarter of 2022, with passenger service expected to comme…

Singapore posts highest percentage of women CEOs globally: Deloitte The Republic stood at 13.1 per cent in 2021, higher than the 9.9 per cent reported in 2018. The study found 119 women on boards among 101 companies anal…

Singapore bets on niche SPAC listings to capture tech boom A key test for SGX will come when such companies, also known as blank-cheque or shell firms, have to seal merger targets within two years, a "de-SPACing" process…

Indonesia bans foreign tourist arrivals at Jakarta airport as Covid-19 spikes The South-east Asian country has seen a jump in cases, with more than 36,000 infections recorded on Sunday (Feb 6) and the bed occupancy rate…

Finance Minister Lawrence Wong will deliver the #SGBudget2022 in less than two weeks (Feb 18). Here’s how you can make the most of BT's all-around coverage on bt.sg/budget22: 💻 VISIT our new microsite that features our…

After pandemic setback, RedDoorz CEO aims for IPO in 2024 For Amit Saberwal, the founder and chief executive officer of the Singapore-based hotel company and hospitality brand, Covid-19 proved to be a defining moment in…

This is the only Goldman banker standing trial for 1MDB Roger Ng, who was former head of investment banking at Goldman Sachs Malaysia, was moved to Manhattan almost three years ago to face charges over his role in the hi…

2 freehold residential plots on Gilstead Road being sold at under S$1,650 psf Peak Vista, owned fully by Wee Cho Yau’s private real estate arm, is buying two bungalows located between Newton and Novena MRT stations for S…

[JUST IN] Former Accenture chair Teo Lay Lim to helm SPH Media Group as new CEO Prior to joining SPH Media Group, Teo held various leadership positions at Accenture for over 30 years, with the most recent being the techn…

#SGBudget2022 lookahead: Green issues top of mind as industry leaders eye Budget C-suite executives highlighted room to roll out more schemes — earmarked for sectors such as the built environment, and for companies such…

Halimah, Xi reaffirm Singapore-China ties President Halimah met with her China counterpart on Friday, the last day of her working visit to Beijing, which included attending the opening ceremony of the Winter Olympics. Th…

The NFT movement is turning off some artists Some who spoke to BT consider the trend elitist, while others say it encourages 'bad art', triggers speculation frenzy and has staggering environmental costs.

#CIOCorner: Where should I put my money in 2022? The start of this year has seen an almost complete reversal of circumstances and sentiment in global markets from a year ago. But to assume economic conditions would norma…

J&J tried to get federal judge to block publication of story on baby powder lawsuits On Friday, Reuters reported that J&J secretly launched "Project Plato" last year to shift liability from about 38,000 pending Baby Powd…

Hours-long UOB mobile app disruption not due to cyberattack or breach; full service was restored early on Saturday, says bank Some users were unable to log in or make funds transfers, in a disruption that began around 3…

#BTOpinion: Are vaccination mandates government overreach? Professor of Capital Formation and Growth at Harvard University Jeffrey Frankel takes us on a thought experiment in regard to the extent to which governments sho…