The Business Times

China weighs Tencent payments overhaul, new licence requirement While investors have long anticipated the financial services overhaul, details of how that impacts WeChat Pay - which handles billions of dollars daily but…

Chelsea sale to galvanise Manchester United stock, Crimson says As many as 30 bidders could place indicative offers for Chelsea, a person familiar with the situation has told Bloomberg News. The club, owned by sanctioned…

South-east Asia's tourist hubs easing travel restrictions Vietnam on Thursday waived quarantine rules for all international travellers, building on earlier efforts including allowing limited group tours after 2 years of…

PropertyGuru starts trading on NYSE; price falls after opening Its shares debuted at US$8.61 on Friday (Mar 18), and then fell US$0.82 or 9.5 per cent to a low of US$7.79 in the first hour after trading began.

Russian missiles strike airport near Ukraine's Lviv Russia has relied heavily on missiles and shelling to subdue Ukraine's forces but has yet to secure any of its 10 largest cities.

Singapore introduces 2 new tax frameworks for companies to strengthen tax compliance The new frameworks complement the existing Goods and Services Tax Assisted Compliance Assurance Programme (GST ACAP), Iras said, and co…

Aircraft insurers brace for deluge of Russia claims Lessors of planes stuck in Russia since the onset of sanctions have warned insurers of possible claims to come if the jets are not returned. Insurers, meanwhile, are ca…

Thailand to scrap pre-travel Covid-19 test to boost tourism From April 1, the requirement to take a negative test within 72 hours of travel will be scrapped, and instead visitors will be tested on arrival in Thailand, Ta…

MAS issues 10-year prohibition order to former DBS wealth manager for fraud Marcus Loh Thim Mun deceived 7 clients into transferring a total of S$490,000 to his personal bank account, but he falsely told some of them tha…

#BTBrunch: From lab to table — diving into Singapore's cell-grown meat industry Singapore-grown startups are trying to find ways to make cell-grown meat more affordable and accessible. But the jury is out on which is the…

Further savings withdrawals can hurt Malaysia's pension scheme On Mar 16, Malaysia's Prime Minister Ismail Sabri Yaakob said that those facing financial woes can opt for another special EPF withdrawal of RM10,000 (S$3,23…

Fertiliser prices to stay high amid supply holdups from Russia-Ukraine war: analysts A prolonged war in Ukraine may also limit food production and drive up prices of food, in a world where food prices have already been f…

SMRT appoints ex-LTA chief Ngien Hoon Ping as new group CEO Neo Kian Hong will step down after helming the role since 2018, and will be adviser to Ngien until Oct 31. Ngien was most recently the CEO of NTUC FairPrice Gro…

Koufu to charge stallholders at least S$200 more in monthly fees on higher electricity costs The company told Lianhe Zaobao that its electricity bill skyrocketed 80 per cent, which amounts to an additional S$500,000 in m…

Jho Low was US$87m Vegas whale at late-night baccarat table In a single 90-minute stint playing baccarat, his game of choice, the Malaysian financier lost us$1.75 million, Kirk Godby, a marketing executive at the Venetia…

F&B salaries up 20% in 2 years and set to rise further Wages of commis chefs, waiters and captains range from S$1,800 to S$2,100, up from S$1,500 to S$1,700 in 2019. Those of stewarding attendants range from S$1,500 to S…

Singapore hotel market poised for steady rebound as border restrictions ease: CBRE While transaction volume remained low as deals involved mainly smaller boutique hotels, CBRE noted that investors continue to explore alt…

ComfortDelGro appoints SBS Transit chief executive Cheng Siak Kian as deputy CEO In addition to being the CEO of SBS Transit, Cheng will also assume the post of executive deputy chairman there - the role now filled by Ya…

Ukraine crisis could cut 1% off global growth this year: OECD Although Russia and Ukraine make up only 2 per cent global GDP, they have an outsized impact on the energy and commodities markets as major producers of raw m…

Japan earthquake halts work at Toyota and Nissan plants Nissan said all of its employees have been safely evacuated and there was no damage impacting production or injuries reported at its Iwaki facility, Momose said.

Malaysia's plan for sole 5G network positive for telecoms industry: analysts This comes after telcos had last year recommended a second 5G provider, as they said the government's proposal of a single 5G network had trans…

#BTGarage: Platforms offer driver rebates, discounts to switch to non-petrol vehicles as higher fuel prices bite Rather than levying surcharges on consumers or merchants, it appears that platforms in Singapore are helpin…

Climate Impact X launches digital platform Project Marketplace The digital platform will offer "robust information" on projects, along with third-party ratings, and satellite monitoring technology to create greater trust…

PODCAST: In this episode, correspondent Howie Lim speaks to Kheng Siang Ng, Asia Pacific head of fixed income and head of Singapore at State Street Global Advisors about the attractiveness of Asian bonds, even as global…

Singapore exports expected to stay buoyant but Ukraine war, China lockdowns pose headwinds The growth of non-oil domestic exports (NODX) in February eased to its slowest in 6 months at 9.5 per cent year on year, down fro…

#BTOPINION: Enabling class action lawsuits could create alternative recourse for Singapore investors In the latest #HOCKLOCKSIEW, BT discusses the potential class action lawsuit that Grab could be facing for its massive…

#BTOpinion: The future of SPH Media — it isn't enough to be trusted Why should Singaporeans pay for SPH Media products? Just providing trusted news is no longer enough when there are free alternatives. And while necessar…

[Highlights from the ST-BT 2022 Budget Roundtable:] The event featured Finance Minister Lawrence Wong and labour chief Ng Chee Meng, and was moderated by Straits Times associate editor Vikram Khanna. Here are stories fro…

VIDEO: Singapore’s Real Estate Recovery in 2021 Singapore’s commercial real estate saw a recovery in 2021 with investments across all property tripled to US$9 billion. Singapore investors also spent a record amount of al…

Soaring pump prices put the squeeze on logistics players Some logistics companies have seen fuel costs rise by a third in just two weeks — with little of this being passed on to customers.