The Business Times

Strong take-up at recent launches could whet developers’ appetite for suburban sites Despite steeper interest rates and high inflation, recent suburban launches have seen blistering sales - thanks to demand from HDB upgr…

Ferrari eyes billion-euro payoff with new Purosangue SUV With a price tag of 390,000 euros (S$552,800) in Italy, the Purosangue could cost S$1.8 million in Singapore - without the Certificate Of Entitlement - when it arr…

Classic cars are gaining traction among the rich. Should you invest in them too? Despite classic cars' stellar return of investment, it's not that easy to flip it for a profit. Importing a Pagoda to Singapore, for one, c…

Goldman Sachs prepares for layoffs as deal-making slows Goldman typically revisits its head count every year, letting go 1% to 5% of workers.

Indonesia’s large unbanked population offers opportunities for Singapore fintech players “Indonesia is too big a market to miss out on for Singapore fintech companies. It has size, scalability and most importantly the ne…

SGX RegCo to require remuneration disclosure for directors and CEOs, tenure limit for IDs The majority of companies disclosed remuneration in salary bands - only 35% disclosed director remuneration in dollar value, and j…

Singapore spent S$72.3 billion on Covid-19 in FY2020 and FY2021, less than budgeted “We had some under-utilisation in public health spending,” said Second Minister for Finance Indranee Rajah who added that "these under-u…

#BTOpinion: No need to stop decoupling and minors buying private homes In the latest #TheLevelGround, BT makes the case for levying even higher and more progressive property taxes on non-owner occupier homes to help fund…

Sembcorp likely to be hit by UK’s energy price cap, company says monitoring situation A Sembcorp spokesperson said the energy price cap in the UK is “significant” amid other challenges including the impact of the ongoing…

Fewer condo deals in Aug as rising interest rates, Hungry Ghost bite: SRX, 99.co Resale prices, however, continued to rise for the 25th straight month.

#BTOpinion: Leaving out AMK Hub makes Mercatus’ retail portfolio a more digestible acquisition target Observers think it makes sense for Mercatus, which is substantially owned by NTUC Enterprise, to retain AMK Hub – give…

Half of Singapore employers plan to hire in Q4: ManpowerGroup survey “Hiring activity in Singapore is expected to remain brisk as employers continue to scale up their hiring to fill their backlog of vacancies,” said a ma…

‘Bulk purchases’ of private property uncommon, unlikely to impact market: MND “ABSD discourages the purchase of multiple units, as higher rates generally apply to purchases by those who already own at least one residenti…

Rising cost of living drives up minimum wages across Asean “Most countries decided to hike minimum wages to raise workers’ purchasing power amid the surge in living costs, especially in food and energy,” says an economis…

Asset tokenisation projected to grow to US$16.1t opportunity by 2030: report With a 50-fold increase predicted between 2022 and 2030 from US$310 billion to US$16.1 trillion, tokenised assets are expected to make up 10% o…

Signs of bottom emerge for Rolex, Patek prices after secondhand slide The downturn has been attributed by some to a collapse in cryptocurrency prices, while others believe dealers are simply trying to get rid of overstoc…

New World Development Co sees gradual recovery ahead for HK property market "Hong Kong still has strong fundamentals – there’s still salary growth...There’s wealth. There’s still young people getting married who need apa…

Surge in Singapore’s tax revenue in FY2021 driven by ‘sentiment-based revenue’: DPM Wong Tax revenue in FY2021 surged to S$60.7 billion, prompting parliamentary questions from MPs on whether the government would consider…

Singapore wealthtech investments up 605% in 4 years amid Asian wealth boom Driven by its financial hub status and growing high net worth population, Singapore recorded a jump in wealthtech investments to US$161 million i…

MOM to carefully vet, keep tabs on One Pass holders to prevent abuse: Tan See Leng Dr Tan noted that the manpower ministry reserves the right to cancel the pass “if there are extended periods of economic inactivity with…

Euro-Asia Park up for en bloc sale at S$500m With a a land area of about 129,793 sq ft, developers can expand up to its maximum allowable gross floor area of 338,860 sq ft — which includes an additional 7 per cent bonus…

Ethereum blockchain set for 'monumental' overhaul Ethereum – the second most important blockchain after bitcoin – burns through more power each year than New Zealand.

Liquidations may pick up with tapering of Covid support moves 2022 could turn out to be “a bumper year” for liquidations when reliefs run out, says a market watcher, who added that instability in the cryptocurrency marke…

#BTOpinion: Straits Trading shares reasonably priced, but management must continue delivering value While the company reported blowout earnings for 2021 and H1 2022, its biggest risk is rising interest rates which may ha…

SGX, MAS launch online portal for corporates to report ESG data Called ESGenome, the disclosure portal will be offered free to listed companies here on a voluntary basis, for now.

Q2 results underscore resilience of Singapore listcos Nearly half of the companies that missed expectations were Reits, especially those with significant operations outside Singapore, such as CapitaLand China Trust and E…

#BTOpinion: Why can’t we all be rich? Despite unprecedented and extraordinary economic progress over the past 150 years, we have yet to use our technological prowess to construct an equitable and happy world.

Leveraging digitalisation and technology for growth Cash flow remains a key concern for many SMEs (44%), with more than half of businesses (54%) indicating that their existing cash flow can sustain their operations for l…

Navigating Vietnam calls for flexibility and people skills, say insiders Companies used to a more structured and predictable way of doing business, such as in Singapore, are in for a culture shock in Vietnam, says indust…