The Business Times

As inflation soars, Philippines central bank says it's ready to take pre-emptive action Government officials said on Tuesday that inflation in the Philippines reached the upper end of the official 2-4 per cent target in…

STB to focus on business tourism as part of strategy to recapture tourism demand "The rumours about the decline or demise of business travel have proven to be greatly exaggerated," said STB CEO Keith Tan. "In the US and…

ADB pares S-E Asia growth outlook on Omicron spread, warns of further risk from China outbreaks Its chief economist Albert Park noted that developments in China affect "aggregate demand for many goods" globally, but any…

US sanctions on Singapore-based Alexsong a warning to all firms to stay compliant According to the US Department of the Treasury's Office of Foreign Assets Control, Singapore-based Alexsong Pte Ltd facilitated transactio…

Nightlife players cheer reopening, but staffing, ART tests top concerns Industry associations and players say while the 2-week notice to reopen is reasonable, the deeper issue lies in finding enough workers — a constrain…

The hottest NFT marketplace is mostly users selling to themselves "Wash trading is a form of market manipulation in which an investor simultaneously sells and buys the same instrument to create misleading, artificial act…

Singapore retail sales down 3.4% ending 5-month growth streak The decline in February was attributed partly to lower sales compared to a year ago when sales were boosted by pre-Chinese New Year (CNY) spending, said the D…

Huawei pays out 61.4b yuan in dividends to current and retired staff It comes as US sanctions continue to weigh heavily on Huawei's business, with full-year revenue tumbling 29 per cent last year to 636.8 billion yuan.

Booze suppliers get drunk on orders as nightlife operators rush to reopen "We are happy that these measures have been relaxed, but the reality is there may be a bit of squeeze from suppliers generally as they struggle to…

Three ways to beat inflation with commercial real estate Looking for a hedge against inflation? Here are 3 ways to do just that with commercial property — in the event you have the 💰💰💰:

Ex-Goldman banker did 1MDB for 'glory and greed', jury told "While the defendant was making millions of dollars a year working for Goldman Sachs, he wanted glory to move up from being a managing director to a partner," p…

Roblox founder's pay jumps to US$233m on long-term stock awards The 2021 compensation package for the gaming platform founder and CEO David Baszucki totalled US$232.8 million, compared with just US$6.8 million a year ear…

ALog Trust trustee, property manager receive writ of summons for S$8m claim This was over an incident resulting in damages to certain parts of ALOG Cold Centre, in the premises previously tenanted by TheSeafoodCompany, s…

Reebonz Building put on the market for undisclosed sum The move comes about half a year since the troubled luxury marketplace went into creditors' voluntary liquidation, and its sale tender will close at 12pm on May 5.

Singapore PMI in March lowest since August 2020 amid cooling factory activity in Asia Last month's Purchasing Managers' Index (PMI) fell 0.1 point to 50.1, marking the third month of decline, attributed to slower expansi…

Nominations open for 2022 E50 Awards; focus is on long-term growth Participants should be taking bold steps in being adaptable, reinventing themselves to chart new paths of growth amid the uncertain business landscape —…

AI startup Taiger liquidates Singapore entity, over 80 staff cut Taiger Singapore had liabilities of S$9.8 million that exceeded assets of S$6.9 million, according to the company's audited financial statements for the ye…

Many gig workers support compulsory CPF; platforms 'no worse off' with any increased costs: Koh Poh Koon Singapore's advisory committee on platform workers is still studying how to better protect gig workers, which could…

BNPL purchase schemes will come under Singapore industry code of conduct to protect consumer interests Noting that "such borrowings have the potential to grow rapidly" and are "fast gaining popularity", Minister of State…

Most households able to service mortgages even as interest rates pick up: Alvin Tan "However, there will still be a small segment of households with higher leverage, who will be more constrained by interest rates," he sa…

First private astronaut mission to space station readies for launch The Ax-1 team will be carrying equipment and supplies for 26 science and technology experiments to be conducted before they are slated to leave orbit an…

Singapore still considering deployment of nuclear, geothermal energy: Alvin Tan "These technologies must meet stringent standards of critical infrastructure resilience in line with the international best practices of dev…

#BTOPINION: Keppel Infrastructure Trust should get its DPU on strong upward trajectory before revising fees In the latest #MARKTOMARKET, BT identifies that the new fee structure may be viewed as less about aligning inter…

Indonesia's GoTo gives IPO shares to 600,000 drivers in regional first Drivers who registered with the ride-hailing and delivery app between 2010 and 2016 will get 4,000 GoTo shares, equivalent to US$94 based on the IPO…

#MAKINGBANK: Time to reassess throwing our money into black boxes With their ads plastered everywhere in train stations and their promo codes easily found from close friends, the likes of Endowus, Syfe and StashAway have…

Fashion startup Shein raising funds at US$100b value: sources Achieving the US$100 billion mark would make it the third most valuable startup in the world, after ByteDance and SpaceX, according to data provider CB Insigh…

Lazada's co-founder joins Revolut as its Asia-Pacific general manager Prior to joining Revolut, Debonneuil was the president of e-commerce solutions company Intrepid Group for more than 3 years. He was responsible for gr…

PODCAST: Despite global tensions upending global growth and inflation near record highs, Asian bonds remain relatively stable and attractive to investors. Why? Correspondent Howie Lim speaks to Kheng Siang Ng, head of fi…

Singapore office S-Reits poised to benefit from positive rental momentum Grade A office rents in the CBD rose 2.3 per cent to S$10.46 per square foot per month in the latest quarter, up from Q4 2021's S$10.23. Rental rat…