The Business Times

Do NFTs have any value at all? The public equity and cryptocurrency markets has been going downhill in the last 12 months but leading NFT project Bored Ape Yacht Club (BAYC) has been defying these broader market trends.

ICYMI: More collective sales expected to be launched in 2022, but many will be overpriced Realistic price expectation from the onset would increase the chances of success and avoid the disappointment and frustration of w…

Musk puts on hold US$44b deal for Twitter, shares slump Shares of the social media company fell 17.7 per cent to US$37.10 in premarket trading, their lowest level since Musk disclosed his stake in the company in early Ap…

Nightmare on Crypto Street: Investors share their pain as TerraUSD stablecoin crashes “My friends have been talking about cryptocurrencies, the returns they were getting, and how you don’t need a lot of money to start.”…

Keong Saik conservation market buzzing with deals Hotel Soloha in Teck Lim Road has changed hands for S$53.38 million; 3 shophouses at corner of Kreta Ayer and Keong Saik roads sell for slightly above S$44 million.

Consumer, construction and O&G stocks among RHB’s top picks amid gradual economic recovery Certain themes are likely to underpin stock market performance across the region. These include the easing of pandemic-related re…

Crypto crash: What happened to Luna and UST? This drainage represented a loss of confidence in the Terra ecosystem, resulting in a massive sell-off and steep drops in the prices of UST and Luna.

Fears of financial crisis loom with mega-tech stocks deep in bear territory Even the mega-cap tech stocks such as Apple, Amazon and Facebook parent Meta Platforms, which seemed to be invulnerable to economic and market c…

Online shopping may plateau in short term; growth to lag physical retail sales However, an Amazon spokesperson said the number of Singapore sellers in Amazon’s local and international stores has increased by more than 45…

TerraUSD stablecoins collapse, MAS reiterates crypto warning Slump has fuelled concerns over larger stablecoins Tether, USD Coin and Binance Coin - which collectively have about US$150 billion in liabilities - and their…

Li Ka-shing’s family office joins Singapore expansion wave The Li-funded firm, which was co-founded by long time confidante Solina Chau, is the latest among a raft of high-profile investment outlets and family offices th…

Catch the first Mark to Market 'Live' webinar as Ben goes beyond his weekly financial column and monthly podcast to engage OCBC Bank, Group CEO Helen Wong in a discussion about OCBC's plans and the risks of modern-day ba…

#ThePitch: In this episode, NUS Alumni Ventures co-founder Vanessa Ho speaks with ShopBack’s co-founder Joel Leong who lays out how the cashback start-up vies for a share of consumers’ wallets across the region. Varun Mi…

#BTOPINION: Warren Buffett is right about crypto: Investment decisions shouldn’t turn on FOMO “Whether it goes up or down in the next year, or 5 or 10 years, I don’t know. But the one thing I’m pretty sure of is that it…

Foreign buyers return to property market in April, after Q1 pullback Meanwhile, the head of research & consultancy at Edmund Tie expects a “gradual firming” of foreign demand in line with the recovery in travel and as in…

Singapore job ads, Malaysian candidates surge as borders reopen From Mar 20 to Apr 16, 2022, there were 7,500 Malaysian job applicants on FastJobs – nearly triple the figure of 2,538 in the year-ago period, and about 2.5…

Condo, HDB rents hit new peaks in April, with reopening likely to keep market tight “Anecdotally, those who were based in Hong Kong have also been contributing to the increase in rents, looking to relocate to Singapore,”…

Crypto billionaires' vast fortunes are destroyed in weeks Coinbase Global founder Brian Armstrong had a personal fortune of US$13.7 billion as recently as November and about US$8 billion at the end of March. That's now j…

ERA, Huttons, PropNex, Savills to own Real Estate Analytics shares with SoReal deal Data and AI provider Real Estate Analytics has acquired Singapore proptech firm SoReal Prop in a cash-and-equity deal. ERA, Huttons, Pro…

#BTOPINION: Gold may be losing its Midas touch The price action of gold, which tends to stand out as a sound hedge against uncertain times, has lately not been displaying its safe haven traits.

Malaysia’s central bank surprises with interest rate hike of 25 points The news came as a surprise to the market as most analysts and economists expected the central bank to maintain the historical low interest rate of 1…

Timeline of Hyflux: from market listing to liquidation How did a beloved market darling become a corporate entity so deeply mired in debt? What went wrong?

Woman fined S$100,000 for false trading of Aspial Corp, Far East Orchard shares She had purchased shares of Aspial and FEO near or during the close of the days’ trading sessions which artificially raised and set the clos…

BT’s Top Stories from Last Week 1. Ultra-rich families racing to park wealth in Singapore under enhanced investment scheme bt.sg/38nk 2. Assistant professor leaves SMU after allegations of faked claims surface bt.sg/3Bvw…

#BTOPINION: E-Log’s tepid debut may leave unitholders wondering if being bigger is better In the latest #HOCKLOCKSIEW, BT writes that Reit mergers are only “win-win” transactions in the sense that the combined Reit would…

In virus-hit China, investors rush headlong into bonds and deposits An index tracking the performance of Chinese active equity funds has plummeted 25 per cent so far this year, compared with a 17 per cent loss in the ben…

Crypto assets shed US$800b in market value in a month Digital asset prices have slumped, mirroring a plunge in equities on fears of aggressive interest rate hikes across the globe to stave off decades-high inflation.

Investors jumping into Web3 find the rules are not so simple Engineers and top executives from the likes of Grab, Meta and Amazon are leaving to build Web3 startups. But Web3 is also rewriting the rules of investing.

PropNex Q1 net profit dips 6.1% on higher staff costs Revenue for the quarter grew 9.5 per cent year on year to S$241.6 million from S$220.6 million, driven by higher commission income from agency services on higher tran…

Olivia Lum could be sued as Hyflux group lodges pre-emptive lawsuit BT understands that the legal action by Hyflux and its liquidators is a protective writ, like the one the plaintiffs lodged against professional service…