The Business Times

[JUST IN] SATS to buy Worldwide Flight Services for up to 1.3b euros, plans S$1.7b equity fundraising SATS said this acquisition would result in an “unmatched global footprint” that would cover trade routes responsible f…

IMF tells UK to ‘re-evaluate’ tax cut as global criticism mounts The IMF critique came hours after billionaire investor Ray Dalio said that the UK government is “operating like the government of an emerging country”.

#BTOpinion: Crypto advertising can skirt ban via Singapore Grand Prix loophole Cryptocurrency platforms are prohibited from marketing or advertising their services to the public, but logos on sponsored F1 teams are an ex…

Chinese snap up used Rolexes, Birkins to satisfy luxury cravings amid slowdown “My consumption will definitely be downgraded (this year), but I still like what I like, and I can’t control the desire to buy it,” says an o…

What sets the crazy rich Chinese apart from other family offices in Singapore “It typically takes about 2 years before family office advisers gain the trust of (Chinese) clients to advise on their family affairs,” observ…

Malaysia’s new premium visa programme draws thousands of applications ahead of Oct 1 launch 20,000 applications came in within the first week of the announcement of the visa, aimed at attracting foreigners that earn a mi…

Singapore 4th in digital competitiveness, leads Asia’s rankings Singapore ranks first in the “technology” factor and the “regulatory framework” sub-factor, but places 10th in the “future readiness” factor.

Can Reits do well as interest rates surge? Traditionally seen as reliable income instruments, Reits have lost favour due to the combination of high inflation and increased borrowing costs.

Singapore’s sovereign fund helps create Thailand’s latest unicorn It competes with Grab Holdings and SCB X on food delivery services as the pandemic boosts demand for home dining.

Worst bond rout in decades intensifies with UK losing 27% In Asia, the yuan and the yen are tumbling, while speculators bet the pound will slide below US$1, a level that was once virtually unthinkable.

✍️As the US Fed delivers yet another big rate hike, those on floating home loan rates are feeling the pain bt.sg/weHa (©Kenneth Lim/The Business Times)

Singapore’s population grows 3.4% to 5.64 million, reversing 2 consecutive years of decline The resident population - comprising Singaporeans and permanent residents - increased in 2022, as more people returned from over…

Asian single family offices get in on private market deals at later stage than European counterparts: Credit Suisse In Asia, about 6 in 10 single family offices said investment decisions are made by selected family membe…

Yuan plunge nears 14-year low, inviting aggressive PBOC pushback The onshore yuan is trading within 1% of 7.2 per dollar, a level it hasn’t reached since 2008.

New hospitality packages snapped up as corporates splurge on F1 One new hospitality package, priced at S$6,300 per head - was quietly snapped up before Singapore GP could officially announce it.

Putin grants Edward Snowden Russian citizenship A presidential decree included Edward Snowden on a list of newly-minted Russian citizens, at a time when relations between Washington and Moscow are at historic lows over t…

Grab expects 2026 breakeven for digital bank operations, losses to peak in 2023 “In 2023, we will spend more than we spent this year on digital bank build. But that will be the peak of the losses (for) investment of the…

As more foreigners go house-hunting in Malaysia, sellers say cash is king “Since Malaysia’s borders reopened in April, there are more enquiries from abroad, and some property owners are willing to give a 10-15% discount…

Letting geopolitics shape trade takes world down ‘dangerous’ path: DPM Wong "The global age of globalisation that we experienced in the last 30 years since the end of the Cold War has ended clearly, and we are entering a…

As interest rates soar, Wall Street braces for an inevitable recession US Federal Reserve chief Powell is now being compared to Paul Volcker, the ruthless former Fed chief who brought on 2 recessions to quell the last ro…

Analysts bearish on British pound; weaker UK economy to hurt S-Reits, companies The pound is predicted to test further lows against the Singapore dollar, after reaching a 4-decade intra-day low on Monday (Sep 26) of 1.50…

#BTOpinion: Location can continue to drive price premium for CBD offices, prime area homes With an ABSD framework that discourages buying of multiple homes, some residents may opt to buy 1 home in a prime location instea…

DBS strikes gold as it expands regionally through acquisitions and partnerships "Gold loans are unique to India and a big opportunity," said DBS who sees gold loan gains contribute 40% of its sales volume growth in India…

Pound plunge extends as UK’s Kwarteng signals more tax cut When currency trading restarted in Asia on Monday, the beleaguered pound dropped to a fresh 37-year low against the dollar.

#BTOpinion: Fed won’t let up until investors get a lot more nervous While the Singapore market has held up relatively well amid tightening global monetary policy, investors should not be too complacent as Singapore’s eco…

Singapore’s incumbent banks should work on customer engagement, say industry watchers The incumbent banks need to watch out for complacency says an industry watcher, who adds, "the banks have done quite a lot, but today,…

These are the best airlines of 2022, according to travellers 1. Qatar Airways 2. Singapore Airlines 3. Emirates

WMI targets 5,000 enrolments into family office programmes by 2025 “The hunger and drive to learn and build expertise (in the family office sector) have been very evident,” said Wealth Management Institute chief executiv…

Singapore bourse follows global rivals with EV metals futures The SGX is launching 4 contracts on Monday (Sep 26): battery-grade lithium carbonate and lithium hydroxide, plus cobalt metal and cobalt hydroxide.

Startup layoffs mount amid market chill “It has been increasingly difficult for venture capital-funded tech startups to raise funds. If they are not able to, laying off to ensure survival of the company is the most pract…