The Business Times

PODCAST: In this 13th episode of WealthBT, wealth editor Genevieve Cua talks about how the need for holistic financial planning is greater among the wealthy. Their assets are more complex and they also face greater busin…

Thailand's Covid cases jump to record as easier visa rules loom The Health Ministry confirmed 27,560 new cases and 85 Covid deaths in the past 24 hours. The infections included 61 imported cases, the ministry said on its…

Nets to work with local banks to pilot loan solutions for SMEs Payment-related data for participating SME merchants is available from Nets to local banks, allowing the loan applications to be more efficient and timely, s…

Ex-Goldman banker's wife says truth will save him, as defence in 1MDB trial rests When prosecutor Alixandra Smith questioned her on the stand as the last defence witness about whether she was testifying to protect her hu…

EMA extends measures to secure energy supply, stabilise prices These include having a standby liquefied natural gas facility, directing generation companies to maintain sufficient fuel for power generation, as well as mo…

OCBC talks sustainability in growth strategy; CEO Helen Wong paid S$7.6m in 2021 This consists of her pay as deputy president from Jan 1 to Apr 14, as well as her CEO pay from April 15 to the end of the year. Her predece…

Shanghai's lockdown sends more ripples across supply chains "This could be yet another potential setback for exports from China, in light of disruptions triggered by previous Covid-related shutdowns and the war in Ukrain…

Singapore visitor arrivals, hotel revenues up in February as Indian travellers return Around 67,760 visitors touched down in February, 18.5 per cent more than the 57,170 in the month prior, and also a jump from the 18,14…

GoTo to raise US$1.1b after pricing IPO at top end of price band "We are pleased with the investor response, which has remained resilient, despite global macro and market volatility," Andre Soelistyo, GoTo Group's CEO, s…

Electricity tariff to rise by an average of 9.9% in Q2 on higher energy costs For the period between Apr 1 and Jun 30, the tariff (before the goods and services tax or GST) will rise by an average of 9.9 per cent or S$0.…

Car sharing heats up amid high COEs, generational shift in ownership mindset Younger drivers of between 18 and 40 years old are forming the largest customer segments of Singapore car sharing services like BlueSG, GetGo a…

Lululemon forecasts strong 2022, plans selective price hikes Since the pandemic started, many consumers have shifted their preference to comfortable and casual clothing helping brands such as Lululemon whose athleisure a…

JSS kept premium gifts brand Risis afloat so it could pivot to e-commerce, rebrand The initial disbursements helped the company sustain most jobs for at least 9 months in 2020, she said. Most of the staff who left did so…

Hong Kong leader says city's brain drain 'unarguable' Carrie Lam's comments come amid a backlash from businesses and residents who see the rest of the world shifting to living with the virus while Hong Kong officially st…

Ukraine, Western allies dismiss Russian military pullback as a ploy to regroup Nearly five weeks into an invasion in which it has failed to capture any major cities, Russia said it would curtail operations near Kyiv and…

Far East, Perennial offer to buy Golden Mile Complex for S$700m This is S$100 million lower than its reserve price of S$800 million. Golden Mile Complex's collective sale committee (CSC) will now have to convince respect…

Soaring raw material prices may cause Singapore developers to delay projects Because of the rise in materials prices, Scal said construction costs have risen by an average of 10 to 20 per cent since the conflict began.

More time needed to ramp up bus services between Singapore and Johor: Iswaran His comments come as there have been no updates so far about when exactly public bus services between Singapore and Malaysia will resume. The…

Toll charges waived at Johor land immigration checkpoints between Apr 1 and 7 The exemption is for Malaysians and other users — which would include Singapore-registered vehicles — who reload or renew their Touch 'n Go st…

Hackers steal over US$600m in major crypto heist The team at Sky Mavis, maker of battle and trading game Axie Infinity, discovered the security breach on Tuesday after a user was unable to withdraw ether, according to th…

Singapore, Malaysia aviation sectors near recovery to pre-Covid levels: UOBKH This comes on the premise of pent-up travel demand, the progression of Covid-19 towards endemic status and smooth cross-border flows within th…

Analysts say Shopee's India exit raises Sea's prospect of profitability CGS-CIMB estimate at least US$60 million in savings per quarter from the India exit, assuming a conservative US$2 Ebitda loss per order for the nasc…

Deep tech finds hope in emerging sectors after heavy pandemic blow SGInnovate's executive director of investments Tong Hsien-Hui told BT that deep tech startups faced limitations during the pandemic. As their work requir…

BT’s Top Stories from Last Week: 1. Singapore mortgage rates may rise up to 0.75 point this year following Fed hikes, consultants say bt.sg/3Ujx 2. Mandatory CPF, job stigma keep food delivery riders up at night: study b…

Retail markets in Singapore aim for a physical comeback as Covid-19 curbs ease Usually held for a limited time, these markets provide booths where small and micro businesses can sell their wares. As such vendors already…

Avocado prices surge to a 24-year high An index tracking avocado from the Mexican state of Michoacan, by far the biggest source in the country, climbed 81 per cent this year to 760 pesos (S$52) per 9-kg box, the highest…

#BTOpinion: Debate over CPF for gig workers masks real problem of fair wages In this piece, BT's Sharanya Pillai argues that the discussion over requiring gig workers to contribute to CPF is less about arguing that rider…

Sembmarine records 3 straight years of losses, but meets criteria to avoid watch list The group's 6-month average daily market capitalisation was S$2.6 billion as at Mar 28, which means it still doesn't need to be placed…

Old Chang Kee weathers pandemic with 'zero retrenchment', thanks to JSS As at March 2022, the company has 441 retail staff members, 101 factory workers and 54 employees in administration and other departments, said chief…