The Business Times

Piyush Gupta to succeed Ho Kwon Ping as SMU chairman from January 2023 DBS chief Piyush Gupta said that Ho and SMU’s first generation have set “an extraordinary benchmark of success”.

Sea’s Q2 2022 revenue growth fails to stem widening losses Losses are up 114.7% to US$931.2 million from US$433.7 million - mainly driven by increasing cost of revenue for the e-commerce and other services segment.

Singapore’s export growth continues 20-month streak of expansion in July but eases to 7% Overall, the value of non-oil domestic exports reached S$17.8 billion in July, higher than the S$16.1 billion seen in the same peri…

Elon Musk says he is buying Manchester United “I’m buying Manchester United ur welcome,” Musk said in a tweet.

GCB in White House Park fetches S$45.5 million or S$3,017 psf on land area Just a short distance from the Singapore Botanic Gardens, the GCB is bought by Singaporean Fu Wei, the chief executive of healthcare-dedicated in…

Apple lays off recruiters as part of its slowdown in hiring: sources About 100 contract workers were let go in a rare move for the world’s most valuable company.

Crypto platform Hodlnaut applies for judicial management in Singapore The company is aiming to avoid a forced liquidation of its assets, which would require it to sell users’ cryptocurrencies at depressed prices.

#BTOpinion: Unique selling points underpin the enduring love for Singapore homes The appeal of homes as investments could wane if the ABSD regime drives investors to stop looking at homes and embrace other investment opp…

Inflation in Singapore expected to peak in Q4 and stabilise, says DPM Wong “We will just have to pay that little bit more in order to be greener, in order to have more resilient supply chains, so we have to be prepared f…

SE Asia spent US$3.7b on bubble tea in 2021; Indonesia tops list: report Excitement for bubble tea is bubbling over in South-East Asia! There are more than 60 bubble "vari-teas" in Singapore - also the first South-east A…

#BTOpinion: Trade more, trade smarter – Lessons from Malaysia’s chicken ban for Singapore Malaysia accounts for 99% of Singapore’s chicken imports or 73,000 tonnes of chicken. It's not feasible, economically and environm…

Retail investors temper optimism, but interest in meme stocks remains high Enthusiastic buyers of meme and tech stocks may snag some bargains, now that the share prices of several once-hot tech counters have fallen signi…

#BTOpinion: Singapore goes from crypto hub to crypto restructuring hub It looks like Singapore’s lawyers and restructuring experts will see more business come their way, untangling and turning around defaulting crypto pl…

Keppel subsidiary wins US$2.9b Petrobras FPSO contract Keppel Corporation said the P-80, a floating production storage and offloading vessel will be one of the world's largest floating production units producing 225,000…

🎧 Which wealth management models are outdated, and how can the mass affluent ‘move with the times’ and get the proper advice we deserve? Adam Reynolds, CEO, Saxo Markets Singapore shares in this week's Money Hacks. #btp…

Companies must sign up for SMS ID list; telcos to explore anti-scam solutions: IMDA The number of SMS scam cases reported has declined threefold since the launch of the Singapore SMS Sender ID Registry (SSIR) compared to…

Asia's best currency is driven by tourists pouring into Thailand The baht jumped 4.6% to 35.3 per dollar this month on the back of rising forecasts for tourists arrivals.

SIA group flies more than 2 million passengers in July, first time since pandemic In July, SIA's passenger load factor also reached a new pandemic-high load factor of 87.4%, making it the second-highest monthly figure in…

China surprises with rate cut as data shows 'alarming' slowdown Retail, investment and industrial production numbers for July all missed economists' estimates, with one describing it as "very alarming."

New private home sales up in July, driven by AMO Residence transactions Huttons Asia attributed July's jump in sales for the outside central region to “astounding sale results” for AMO Residence.

Malaysia ex-PM Najib begins final bid to set aside 1MDB conviction Malaysia's highest court has scheduled hearings through Aug 26 to hear Najib’s appeal of his conviction.

Retail workers to see wages rise up to 8.5% under Progressive Wage Model from Sep 1 The new wage increases will benefit more than 46,000 full-time and part-time resident retail employees.

Taiwan still central to Singapore chipmakers despite geopolitical tensions Chipmakers said that China’s military drills had no or minimal impact on supply chains to Singapore and the region, nor do they plan to cut suppl…

Shield portfolios, but brace for premium hikes Five of 7 Shield insurers will raise premiums mostly for private-hospital plans and riders this year, citing ageing population and higher healthcare inflation

VMware chief defends Broadcom deal as means of merging hardware and software “There are opportunities for collaboration there,” VMware chief Raghu Raghuram said, noting that marrying the fields of virtualisation and chip…

COMMENTARY: Banks reeling in startups in hopes of hooking high-growth customers Banks are taking note and no longer treating startups as just another SME customer. Cultivating a good relationship with them early on may p…

Small Singapore businesses make big US expansion plans SunGreenH2 plans to open a US office in end-2022 or early-2023, while Flexxon hopes to commence on-ground operations in the US within the next 6 to 12 months.

#BTLifestyle: 3 late artists with inclusive visions Decades before “diversity” became a buzzword, 3 late artists were already embracing a more empathetic world

#BTLifestyle: Maverick winemakers in Bordeaux “This is the first wine in the world made via Zoom,” said winemaker Penfolds.

Ja Rule joins celebrity NFT ranks with HBCU donation The collection, called "Black is Beautiful" and features 1,000 different illustrations, depicts the complexities of being Black in America.