The Business Times

Haig Road flats sold en bloc on 3rd attempt at S$49.3m, above owner's asking The sale price translates to a land rate of S$1,286 per square foot per plot ratio for the 27,389 square foot site with a gross plot ratio of 1…

Crypto players get some clarity on ad curbs; industry task force to address outstanding issues These issues include how industry players can ensure that their corporate or brand advertising activities do not trivialise t…

Containers stack up at Shanghai ports as lockdown blocks trucks The lockdown of the city and virus testing means truckers cannot get to the docks to pick up boxes. While the port is operating normally, the "critically hi…

Hilton eyes growth in APAC, set to open 2 hotels a week in the region in 2022 In a roundtable in Singapore on Thursday (Apr 7), the hotel group's president and CEO Christopher Nassetta said another 760 hotels are in the…

Mocked as 'rubble' by Biden, Russia's rouble comes roaring back What's become clear is that despite an incredibly wide-ranging package of sanctions on the Russian government and its oligarchs, and an exodus of foreign bu…

Ryde imposes base fare increments of 50 cents, ups cancellation & wait fees to S$5.30 It's the latest ride-hailing player to join the ranks of companies upping various fees and prices to support drivers facing higher fue…

Push to increase Vietnam's minimum wage gains traction Two consecutive reviews, in 2020 and 2021, were indefinitely delayed due to the pandemic leaving workers on pay rates at 2019 levels. That equates to 4.42 million do…

MAS transfers S$75b of official foreign reserves to Singapore govt through new RMGS mechanism Reserves Management Government Securities (RMGS) is a new type of non-marketable security issued by the government solely to f…

Market for new ECs a bright spot after cooling measures Some HDB upgraders may find new ECs a good alternative to buying a private condo, and this hybrid housing form remains in short supply. Here's why these may be the…

#BTOpinion: Strategic benefits for CDL from its in specie distribution of CDLHT units In today's #HockLockSiew, BT's Kalpana Rashiwala notes, with regard to the much more generous payout of distribution in specie for FY2…

Singer Ed Sheeran wins 'Shape of You' copyright dispute Sheeran attended court during the 11-day trial, bursting into song and humming musical scales and melodies as he was questioned over how the song was written. He ar…

Alibaba, SoftBank score first 2022 IPO windfall with GoTo sale The Jakarta-based company raised US$1.1 billion last week, meaning the value of the 2 investors' stakes will be almost US$5 billion combined following the sh…

Kensington Park condo might gun for mega en bloc sale again Back in 2018, the owners had been hoping to sell en bloc for S$1.05 billion. At least 80 per cent of them have consented to the potential deal this time round,…

Grand Building relaunched for collective sale at unchanged S$195m guide price Its marketer Edmund Tie said it is unaffected by the URA's recent announcement on restrictions on strata subdivision of commercial properties…

Toyota joins Tesla in developing self-driving tech with low-cost cameras Woven Planet, a unit of Toyota Motor, told Reuters it is able to use low-cost cameras to collect data and effectively train its self-driving system…

Four Ang Mo Kio HDB blocks identified for Sers Under the scheme, residents living in Blocks 562 to 565 at Ang Mo Kio Avenue 3, comprising 606 units of mainly 3-room and 4-room flats, will have their properties sold back…

Unilever, StanChart and Prudential top LinkedIn's ranking for Singapore's best workplaces Unilever instituted a permanent hybrid working arrangement and redesigned its office space to include quiet zones with height-adju…

TraceTogether token maker iWOW Technology to raise S$6.5m in Catalist listing Other than TraceTogether tokens, iWOW's other products include smart-metering solutions to remotely monitor water and gas consumption, electro…

HDB resale volume recovers in March as prices rise for 21 straight months: SRX, 99.co A 5-room unit at Pinnacle@Duxton in Tanjong Pagar was the most expensive resale flat sold in March at S$1.39 million. The most expensi…

Yeo Hiap Seng axes 32 employees in Singapore "This was a very difficult decision for us to make. The changing market conditions and cost inflation meant that the group has had to evolve our business service model to be m…

Canada to ban foreigners from buying homes as prices soar Home prices in Canada have soared more than 50 per cent over the past 2 years. The market saw a record monthly increase in February as buyers acted ahead of rate…

Jumbo opens 2 more Kok Kee Wanton Noodle stalls as safe-management measures ease The newest stall — located in a food court at the Lazada One Building along Bras Basah Road — was officially opened on Tuesday, while anoth…

5 Questions with Coinhako's Liu Yusho Wanna talk crypto? HODL my coffee. In this month's edition of #5Questions, #BTGarage talks to Coinhako's Liu Yusho about being a pioneer in Singapore's crypto scene through the booms…

Marina Bay Sands granted one more year to start building its S$4.5b extension Las Vegas Sands, which owns MBS, said in an earnings call in January this year that the property expansion will be completed in 2026, a year a…

Looking for a dream home? Read about the 5 most likely Singapore private condo project launches for H1 2022. In 2022, the property market will be characterised by the absence of mega launches, and lower supply. In the fi…

Two office floors of Springleaf Tower for sale at S$54.8m The strata floors on levels 28 and 29 of the Tanjong Pagar office building each have a strata area of 10,627 square feet (sq ft), which brings the total strata ar…

COE premiums mostly higher with Open category ending at S$99,999 Motor traders expect the quota for the May to July period to be even smaller, making it crucial that they secure the bids now to fulfil orders rather than…

Banks see spike in credit card applications as Covid-19 restrictions taper off Four banks here say they have seen increases in applications for cards — particularly those that offer miles and travel perks — since the sta…

BT’s Top Stories from Last Week 1. 'More time and deliberation' needed in potential combination of Keppel O&M, Sembmarine 2. Temasek said to push for removal of Bayer CEO Baumann 3. Sembmarine records 3 straight years of…