The Business Times

Shell, Esso lower fuel prices below S$3 mark Prices of 92-octane and 95-octane fuel at Esso have fallen to S$2.95 and S$2.99 respectively, while its 98-octane fuel was further lowered by S$0.34 to S$3.46. Its diesel pric…

Singapore CBD's largest electric vehicle charging hub launched at OCBC Centre The 10 charging points include 2 from Charge+'s "Turbo" line of chargers, which provide a direct current power rating of up to 120 kilowatts (…

Fillip for malls, shops in city centre as URA cuts down on strata units "Strata-owned retail developments, especially the newer ones, have unfriendly layouts and configurations because some developers try to maximise sal…

Netflix tests charging some customers more for password sharing The streaming giant is testing the feature in 3 markets: Chile, Costa Rica and Peru. Subscribers with premium and standard plans will be able to add up to 2…

Breaking up SPH is hard to do, says CEO Ng Yat Chung Would SPH be better off disposing parts of its portfolio and returning shareholders the capital? Its CEO Ng stresses that the company is selling some of the assets tha…

Amazon, Walmart online orders likely delayed by China lockdowns The shutdowns in Shenzhen and nearby Dongguan are creating significant disruption to the production and delivery of goods sold on major online marketplaces,…

Indonesia's micro SMEs fertile ground to grow new generation of unicorns Adrian Li, founder and managing partner, AC Ventures told BT that a number of potential unicorns in 2022 will emerge from sectors such as fintech,…

Too early to speculate about secondary sanctions on China: economists Economists here tell BT they believe China will behave more cautiously than Russia has been so far, because they aren't party to the crisis and don't…

Hong Kong to close off beaches after mainland China uproar "How can they be so carefree and go to the beach while Shenzhen is under lockdown? So selfish," one user wrote on Weibo. "All of Guangdong province is crying for…

Federal Reserve hikes interest rates, signals aggressive fight to curb inflation Most policymakers now see the federal funds rate rising to a range between 1.75 per cent and 2 per cent by the end of 2022, the equivalent…

Foreign investors keen on Malaysia industrial properties Many developers said they have received increasing enquiries for industrial properties, said Redha vice-president Ho Hon Sang, adding that the most sought-after pr…

Reeling from China's crackdown, Alibaba and Tencent readying big job cuts While Alibaba is yet to specify a group-wide target for the layoffs, China's biggest e-commerce company could ultimately axe more than 15 per cent…

Commercial, mixed-use en bloc sales may be unscathed by strata subdivision rule "Existing old strata-titled developments in these prime areas that are aiming for a collective sale are likely to target the large developer…

PropertyGuru to debut on NYSE as investors approve SPAC deal The proposal passed Tuesday (Mar 15) at a special shareholder meeting of Bridgetown 2, the special purpose acquisition company (SPAC) backed by billionaires Ri…

#BTOPINION: Too many S-Reits making cash calls that don't add value for unitholders In the latest #HOCKLOCKSIEW, BT cautions investors to be wary of "throwing good money into bad Reits".

Omicron spread could pare South-east Asia growth forecasts by up to 0.8 percentage point: ADB The downside scenario could occur if Omicron disrupts supply and demand — and thus affects economic activity — for 6 months. V…

Firms seeking to profit from GST hike could have actions made public: committee The Committee Against Profiteering (CAP) says it is not acceptable for businesses to use the GST as a reason for raising prices before it is…

Condo and HDB rents continue to climb, both rising over 1% in February On a year-on-year basis, overall rents for condominiums have gone up 11.8 per cent, while HDB rents rose 12.4 per cent — these on the back of Covid-1…

Nutryfarm satisfied with new executive chairman despite him facing 18 lawsuits in China Its nominating committee said Wu genuinely believes he is not at fault, and that there is no commercial ambiguity on whether he shou…

BT’s Top Stories from Last Week: 1. Changi Airport Group has exposure to 4 airports in Russia bt.sg/3kjU 2. Car dealers trim EV prices ahead of new COE rule bt.sg/3ZRG 3. Malaysia ready to reopen all international border…

#BTExclusive: Carsome acquires 51% of used car dealer CarTimes in IPO push Sources said that the deal is half in cash and half in shares and believed to be worth around US$60 million. Regulatory filings show that on Mar…

StashAway slashes China allocation on fears of secondary sanctions "Even a week ago, our long-term view remained intact. We thought the tech regulatory headwinds were about to be softened, most of it has been priced in a…

GoTo IPO aims for 18t rupiah, but timing raises questions Timing is a crucial factor in determining the success or failure of an initial public offering (IPO) and given current global sentiment towards tech companies, In…

HDB raises S$1b from bond issuance to finance green building projects HDB said the 5-year fixed rate green notes under its existing S$32 billion multicurrency medium term note programme were issued on Mar 15. They bear a…

Vicenta Lodge in Kembangan sold for S$27.2m in collective sale The reserve price for the 16-unit development has been lowered from S$29 million, when it was offered for sale in its previous tender in April 2021. Prior to…

Singapore calls on China to use ‘enormous influence’ on Russia “The big issue now is what decisions and actions China takes,” Minister for Foreign Affairs Vivian Balakrishnan said in an interview. “If you get a deepening…

ABR Holdings takes remaining 20% stake in Chilli Padi catering group for S$4.4m Following the completion of the agreement, Chilli Padi Holding will be a wholly-owned subsidiary of ABR Holdings, which owns and operates Sw…

Impending Fed rate hike marks symbolic end of unlimited support It also marks the end of the meme-stock party, as the Fed cuts off stock and cryptocurrency investors who had gorged on the powerful risk-encouraging cockta…

#BTOPINION: Will escalating Russia-Ukraine conflict add to headaches for property sector? In the latest #HOCKLOCKSIEW, BT thinks property players and participants alike will need to keep a watchful eye on geopolitical te…

Man arrested for suspected involvement in rental scams of more than S$54,700 According to preliminary investigations, the man may be involved in 24 similar cases of rental scams with losses amounting to more than S$54,70…