The Business Times

Lenskart buys Owndays shares in bid to form an Amazon of eyewear The move will create a retail giant with operations in more than a dozen markets from India and Japan to South-east Asia.

#BTOpinion: Sembcorp’s year-to-date performance shows there’s ‘good in goodbye’ Following what one analyst described as a “gloriously messy recap and demerger”, Sembcorp has made steady progress on its clean energy pivot…

#BTExplains: Are cryptocurrencies a good hedge against inflation with their prices falling? BT examines why some crypto advocates have made this claim and whether it is standing on shaky ground.

💰 The true cost of living on a instagram baker’s income | Gen Hustle As a one-woman show, Adeline Tan or Dee Bakes handles every aspect of her growing home baking business. But between chasing every batch of sold out ba…

Logistics players step up investments as e-commerce charges ahead despite supply-chain hiccups “South-east Asia has therefore emerged as a highly attractive market, propelled by strong consumer demand and a rapidly growi…

AIA Singapore aims to hire over 500 staff including mid-career switchers, women rejoining workforce The insurance group will introduce more than 500 financial sales advisory positions with a monthly base salary ranging b…

Singapore's US$14 billion mega-port takes aim at shipping chaos Singapore is forging ahead with a project to build the world's biggest automated port by 2040 - one that will double the existing space and feature drones a…

Shanmugam on the death penalty, a minority Prime Minister, and Section 377A 'Because a significant proportion of our population, the middle ground as it were, don’t want that law repealed,' explained Minister K Shanmugam…

Crypto hedge fund Three Arrows set for liquidation: source The court order brings down the curtain on one of crypto's most famous hedge funds, founded by Zhu Su and Kyle Davies, former Credit Suisse traders, at the kitch…

Ernst & Young to pay US$100m fine after auditors cheated on ethics exams The penalty is twice the sum that KPMG, another big audit firm, paid in 2019 to resolve an investigation into similar allegations of cheating by au…

Is being a homebaker the dream job? For Adeline Tan or Dee Bakes, her passion for food led her to pursue homebaking as a career but beyond sustaining and expanding her business, the real challenge lies in finding persona…

BT’s Top Stories from Last Week 1. Wealthy Chinese setting up family offices in Singapore see it as springboard to Asean bt.sg/UXGt 2. Singapore to release S$1.5b support package as energy prices stay high bt.sg/UXDj 3.…

Nio shares plunge on short-seller allegations; company says report ‘without merit’ Among other allegations, Grizzly’s Jun 28 report said Nio was likely using an unconsolidated related party to exaggerate the group’s reve…

Tech sector faces bleak outlook amid weak demand: DBS Additionally, the brokerage noted a more cautious stance in consumer demand for items such as PC/tablets as well as mobile segments, ahead of a looming recession.

Franklin Templeton looks to startups to disrupt old ways of asset management The asset manager, known for its investments in public equities and bonds, has taken up co-working space at 80 Robinson Road in Singapore’s bus…

DBS raises home loan rates to 2.75% per annum, highest among local banks About 3 months ago, the DBS rate was 1.65 per cent for a 2-year fixed loan and 1.85 per cent for 3-year loans.

Sun Venture in exclusive due diligence to buy Bugis Junction Towers; office deals gather steam Kajima buys ageing office asset in Peck Seah Street ripe for redevelopment. Buying fervour spreads to industrial segment, wit…

Why investors should not ignore bonds in a rising-rate environment While bond prices do fluctuate, as long as a bond pays its coupon on time and redeems its principal at maturity, the investor will receive the target ret…

Two major private home launches slated for July Units at Cape Royale have been rented out since it was completed in 2013, when the developers felt prices were weak following 2 rounds of property cooling measures that yea…

UOB prices S$400m in 4.25% perpetual capital securities, first callable in 2027 UOB expects the capital securities will qualify as Additional Tier 1 capital for the bank, under the requirements of the MAS.

‘Forward Singapore’ roadmap to engage Singaporeans through 6 pillars: Lawrence Wong 'Our students feel pigeon-holed in a system where the stakes are high from very early in their lives. Our graduates and workers are anxi…

Singapore Savings’ Bond 10-year average return soared up to 2.71%, the highest since 2015 Applications for the last round of bonds issued in June totaled S$916.5 million, though only S$350.0 million were alloted.

Coinbase sinks as Goldman downgrades to sell after 75% rout The company has been dogged by a laundry list of issues including declining revenues and trading volumes as the broader crypto market endures one of its worst s…

Marsiling HDB flats' acquisition: Little to no top-ups for new replacement flats The owners of the 732 affected flats will be offered the same benefits as those under the Selective En bloc Redevelopment Scheme (Sers).

Missing China tourists increasingly felt by Singapore as peak travel season nears Singapore Tourism Board data showed that mainland China, with its over half a million visitors, was the city-state's top second source mar…

#OffTheRecord: Unwilling to pay for news? We hope to change your mind BT's audience strategy editor shares the need to understand why people won't pay for news and how the BT newsroom is evolving to build a sustainable s…

PODCAST: What are the promising healthcare investment themes within private markets? For more insights, Genevieve Cua speaks to Hui Yang Goh, Pictet wealth management’s senior adviser for alternative investments in Asia.…

Advocating for everyday mental health with an app Out of his personal struggles, Theodoric Chew developed Intellect, a platform to bring both awareness and access for people - and their employers - to get support and car…

#BTOpinion: Seeing value in non-property businesses owning property In the latest #TheLevelGround, BT explains why businesses putting money into owning property can be seen as buying insurance for rainy days.

Singapore fixed-rate mortgages headed for 3% Among the local banks, OCBC and UOB’s fixed rates for 2-year home loan packages are at 2.65 per cent per annum while DBS said it is finalising its new fixed rates for private…