The Business Times

Temasek overhauls senior management with CFO stepping down Chief financial officer Leong Wai Leng will step down after more than 16 years in the role, with deputy CFO Png Chin Yee set to succeed her on Jan 1.

Xi’s vow of world dominance by 2049 sends chill through markets By 2049, the 100th anniversary of the People’s Republic of China, Xi wants to ensure the nation “leads the world in terms of composite national strength and…

Owner sales surge in Q3 property auction market: Knight Frank A 99-year leasehold two-storey detached house at Pasir Ris Avenue was sold at S$3.6 million – 20.8% higher than its opening price of about S$3 million.

Affordability, sustainability top concerns about introducing unemployment benefits: PME taskforce Some form of temporary unemployment benefits would be particularly useful at a time when the labour market is expected to…

Chinese markets to remain shaky as investors study Xi’s leadership reshuffle “Investors should assess their direct and indirect exposure to China and adjust accordingly, because clearly the macroeconomic and politics are…

New visa to let tourists with 2b rupiah live in Bali for 10 years A new “second home visa” of five years and 10 years are eligible for those possessing at least 2 billion rupiah (S$183,015) in their bank accounts.

MAS launches crypto consumer protection playbook, seeks public feedback on proposals Concerned about the volatile nature of crypto prices, MAS holds the view that providers of digital payment token services should not pr…

📈October 26 results round-up: 1. Frasers Centrepoint Trust posts slightly higher H2 DPU of S$0.06091 2. Suntec Reit’s Q3 DPU slips 6.6% to S$0.02084 despite higher earnings 3. Mapletree Logistics Trust posts 3.5% rise i…

SIA bond prices climb on redemption news While the 2021 mandatory convertible bonds (MCBs) are not being redeemed, the announcement has fuelled optimism in investors that the tranche might also be called soon, pushing up…

Disclosing remuneration of directors would ‘adversely impact’ business: Sakae Holdings Sakae Holdings was responding to queries from SGX on how specific disclosure of the remuneration of chairman Douglas Foo and that of…

#BTOpinion: Value could be emerging for some S-Reits after the sell-off A dozen S-Reits hit their 52-week lows last Friday (Oct 21), including CapitaLand Integrated Commercial Trust, Mapletree Industrial Trust and Fraser…

Malaysia’s Yinson Green Technologies to expand EV charging business to Singapore It is looking at installing fast-charging facilities that could see an EV fully charged in 20 minutes - enough to make a 350km drive from S…

Violet Oon & family file suits to take control of eponymous restaurants Violet Oon and her children are seeking to take control of the restaurants they operate with 50-per-cent shareholder Group MMM, a luxury and lifesty…

HK’s current departures likened to 1997 handover exodus “I do feel some of them will come back because they just want to get a foreign passport, if they can, or residence. That’s exactly what happened in 1997," says Crow…

Homeowners in Singapore to spend more of monthly income on mortgage: Moody’s First-time private residential homebuyers needed 19.4% of their average monthly household disposable income to meet the mortgage repayment on n…

Headwinds emerging for office landlords, but tight supply situation could mitigate impact About 1.56 million sqft in office space is expected to be injected into the market in 2023, with a large chunk coming from IOI Cen…

Sembcorp in strategic partnerships with Japan government, companies for hydrogen initiatives “Sembcorp and our Japanese partners will work together to progress hydrogen and ammonia as a fuel source in the energy and indu…

‘Rishi Rich’ Sunak on his way to 10 Downing Street Questions are swirling about whether the multi-millionaire and soon-to-be prime minister could relate to ordinary Britons grappling with a crippling cost-of-living crisi…

Singapore core inflation climbs to 5.3% in September; headline inflation steady at 7.5% Food inflation rose to 6.9% in September, while inflation rates also rose for accommodation, services, and retail and other goods.

Xi’s power grab spurs historic market rout as foreigners flee Tech giants Alibaba Group Holding, Tencent Holdings and Meituan tumbled more than 10% as investors remained skeptical that Xi and his allies will seek a rejuv…

New hotel roadmap launched at FHA 2022 for transformation and long-term growth Tourism is expected to fully recover by the mid-2020s, and tourism receipts in 2022 are expected to come between S$10 and S$12 billion.

Singapore to commit to net zero by 2050, peak emissions before 2030: DPM Wong Singapore was able to reduce its greenhouse gas emissions by 32% below business-as-usual levels in 2020.

Singapore to tighten rules on electricity retailers, raise safeguards around supply and price shocks Measures targeted at electricity retailers include stricter qualifying criteria such as higher capital and hedging requ…

Singapore to invest US$50 million for AI tech talent: DPM Heng “The traditional feedback loop for developing new skills and years of full-time learning by students before they graduate simply cannot cope with the pace of…

F&B players in Singapore offer salary jumps, joining bonuses to fight severe labour crunch Joining bonuses range from S$500 to S$3,600, with a top-end outlier being the S$5,000 bonus offered by in-flight caterer Sats for…

Rishi Sunak to become next UK PM as rivals quit race Sunak, one of the wealthiest politicians in Westminster, will be asked to form a government by King Charles.

#BTOpinion: Buying leasehold property is fine, but freehold status has niche appeal While many buyers are fine with buying leasehold properties in Singapore, some may like owning freehold assets and cough up premiums for…

The long shadow of the Fed’s rate hike on emerging Asia In a new era of high and rising interest rates, emerging Asia may need to look to promising new industries - such as virtual reality and artificial intelligence - f…

CEOs of DBS, Keppel and Sembcorp expect uplift to firms from macroeconomic, sustainability tailwinds Piyush Gupta, DBS CEO, notes that the bank will be a beneficiary of rising interest rates. "A one basis point rise in U…