The Business Times

Singapore Savings Bonds’ 10-year average return hits new high of 1.79% for March issue The maximum amount offered for the upcoming March issue is S$150 million. Interest payment dates will be every 6 months on Mar 1 and…

Omicron sub-variant BA.2 harder to identify, found in 5 African nations: WHO A WHO scientist said BA.2 was proving hard to identify because it was not always picked up by the S-Gene Target Failure criterion, which is use…

Shares of Facebook parent Meta plunge more than 25 per cent, shaving US$200 billion off market cap The technology giant late Wednesday had reported weaker-than-expected profits following a loss of one million daily users…

No Signboard receives letters of demand from landlords These were for more than S$176,000 in arrears of rental and other monies owing for two stall spaces at The Centerpoint and PLQ Mall.

Genting Hong Kong's Dream Cruises files to wind up Just 2 weeks ago, a Dream Cruises spokesperson said its operations would "continue in order to preserve and protect the core assets and maintain the value of the group".…

#BTOPINION: Why supply-chain problems aren't going away Covid has pushed supply chains, a point that rarely features in companies' earnings reports, high up the list of excuses for disappointing quarterly results. And sa…

Banks face surge in equal-pay claims after landmark BNP ruling Prime brokerage product manager Stacey Macken fought more than eight years for equal pay. Her victory over BNP Paribas this week in a London court may encour…

Blackstone tees up US$11b in fresh capital for Asia deal Blackstone is doubling down in Asia despite increasing risks from inflation and geopolitical tension. Almost 100 per cent of the investors in the first fund chose…

DeFi project Wormhole hit with potential US$320m hack The online thieves made away with 120,000 wETH, or so-called wrapped Ether, the project's team said on Twitter. Wormhole developers offered the hacker a US$10 million…

Exxon Mobil reports US$8.9 billion fourth-quarter profit as oil prices soar Heralding its financial comeback after several years of mediocre returns and criticism over its environmental performance, the company said that…

Armed with cybersecurity accreditation, smart-device firms seek competitive edge The government's Cybersecurity Labelling Scheme (CLS) has helped companies on on the cybersecurity front, especially SMEs that are trying t…

Solar power central to Indonesia's clean energy transition Before achieving decarbonisation by mid century, the current government must accelerate renewable deployment to meet the target of 23 per cent renewable energy m…

Singtel to build data centres in Thailand with Gulf Energy, AIS Site selection has already commenced and the data centres will begin developments in the coming months.

Singapore's HSA approves its first oral tablet to treat Covid-19 infection This is the first oral tablet approved in Singapore to treat mild to moderate Covid-19 in adult patients who are at high risk of progression to s…

VIDEO: 2021’s Record Capital Raising in South-east Asia Capital markets across South-east Asia recorded robust IPO activity in 2021, with several notching their best-ever years in terms of capital raised. Who gained the…

Starbucks to hike prices to offset inflation; lowers profit guidance After hiking menu prices in October and January, the chain plans to raise them again in 2022 and will cut spending on marketing and promotions, after i…

Singapore market cap largely flat in January, banks remain resilient According to data compiled by The Business Times, the total market capitalisation of the 665 companies listed here fell by S$0.5 billion, or 0.1 per ce…

Google propels record Alphabet revenue, driving shares up 8% Its Internet advertising business surged on consumers using Google search as they shopped online and advertisers upping their marketing budgets. Alphabet's sha…

#BTOpinion: The death of offices may have been greatly exaggerated In today's #HockLockSiew, Nisha Ramachandani notes that demand for CBD office space remains high, with supply outside the district only coming upstream i…

#SGBudget2022 lookahead: Budget to extend support to ailing sectors, will tackle cost of living: Lawrence Wong He noted that "the Budget is taking place amidst a strong and steady recovery of the economy", but "a few sec…

Tesla recalls nearly 54,000 vehicles that may disobey stop signs The US National Highway Traffic Safety Administration (NHTSA) said the recall covers some 2016-2022 Model S and Model X, 2017-2022 Model 3, and 2020-2022 M…

#SGBudget2022: Labour experts split on whether Singapore will introduce unemployment benefits for PMEs Some said they could see some form of unemployment benefits introduced in Budget 2022, as the need for such a scheme…

Singapore tech companies still flocking Down Under Enterprise Singapore has supported 75 firms entering the Australia market for the first time — a nearly 70 per cent increase compared to pre-pandemic levels in 2019. A t…

Can Spider-Man: No Way Home overtake Avatar's North American box office record? It is only US$25m from unseating Avatar's US$760m takings as the third-biggest movie ever.

Employers turn to youth part-timers, paying more to relieve labour crunch Recruiters told The Business Times companies are paying part-timers about 5-20 per cent more, depending on the role, and on average, the hourly ra…

Pfizer vaccine for children under 5 may be available in US by end-Feb These could be available as soon as end-February under a plan that would lead to the potential authorisation of a two-shot regimen in the coming weeks…

Thai cafe serves up crypto advice with coffee and cake Behind a calm exterior of cherry blossom trees, customers of HIP Coffee & Restaurant stare at their laptops, sipping nervously on iced coffee — part of a surging int…

New York Times buys Wordle in push to expand games business The price was not disclosed, but the Times said it paid in "the low-seven figures," as it focuses on games as a way to diversify its revenue sources.

BT’s Top Stories from Last Week: 1. MAS off-cycle move does not rule out further tightening in April, GST hike soon: economists bt.sg/JmR5 2. Singapore banks see higher requests for physical tokens in January bt.sg/JeHH…

[INFOGRAPHIC]: Demand & supply trends for Chinese New Year goods Francine Ho speaks to retailers to find out how prices trended this Year of the Tiger for abalone, bak kwa, Mandarin oranges and health supplement hampers.