The Business Times

It’s live and let live for Singapore’s ever-shrinking 3-bedroom condos Honey, the home has shrunk: the median floor area of 3-bedder condominium units has fallen over 40 years. The 80s: 1,700-1,800 sq ft The 90s: 1,500 s…

Boris Johnson comeback bid adds drama to UK political soap opera He intends to join the race to succeed Liz Truss, believing that it is in the “national interest”, according to local media.

UK PM Truss says she will resign This comes after her economic programme divided the Conservative Party just six weeks after she was appointed.

New code of conduct to lay out standards for providers of ‘Buy Now, Pay Later’ services Each BNPL provider will allow customers to accumulate no more than S$2,000 in outstanding payments at any given time, for example.

Most Singapore households able to continue servicing mortgages amid rising interest rates Private residential property owners have accounted for one in 10 buyers of HDB resale flats in the past three years, and their num…

⚙️ Here's a round-up on Singapore's semiconductor industry as it grapples with lowered demand amid geopolitical tensions: 1. Singapore semiconductor sector may be hit by US export controls on China: MTI 2. Tech manufactu…

China gathers chip firms for emergency talks after Biden curbs “Biden’s new chip export controls are a huge blow to the Chinese Communist Party's science and technology ambitions,” says an analyst.

Marina Bay Sands’ net revenue more than trebles to US$756m in Q3 US$3.3 billion has also been set aside to expand MBS such that it includes a “new luxurious hotel, entertainment, meetings, incentives, conferences, and ex…

Malaysia to hold general election on Nov 19, nomination day is Nov 5 The nomination day for candidates will be Nov 5, after which parties will have a 14-day campaigning period – longer than in the previous election in 20…

Exclusive A. Lange & Sohne gift for The Business Times readers Ever wondered how Lange makes it luxury timepieces? Get a closer look at the inner workings of Lange's craftmanship at the Mechanical Masters showcase, which…

Standard Chartered hires James Lye as global head of international banking Lye, a former Mediacorp actor, brings over 20 years of banking experience to Standard Chartered.

Bonds gaining popularity on rising yields but experts warn against over-exuberance “T-Bill investors need to be aware that if yield decreases, they may find themselves having to reinvest in a lower yield environment at m…

#BTOpinion: Is CPF Ordinary Account’s peg to banking trio’s interest rates still relevant today? CPF members might want to invest their OA savings in Treasury bills, if the yields are higher than the CPF OA's 2.5% intere…

‘Blood on the streets’: Market watchful as S-Reits announce Q3 results amid sell-off “This is the second-worst correction for S-Reits, not including the Global Financial Crisis of 2007-2009, and the pandemic sell-off of…

Vietnam and tech-enabled disruptors to turbocharge Asean growth over next decade South-east Asia is projected to grow by 4-5% annually over the next 10 years, led by Vietnam.

HK tries to reverse expat exodus with housing tax cut, new visa Hong Kong Chief Executive John Lee outlined a two-year visa programme for people who bring in at least HK$2.5 million (US$318,480) annually that will allow…

Motorcycle COE premiums hit new high of S$12,801, other categories also up before lower quota kicks in COE prices for motorcycles are now almost three times the cost of an entry-level motorcycle.

SMEs in expansionary territory for seventh straight quarter: OCBC The advertising and exhibition segment grew from 53.7 in Q2 to 54.2 in Q3 - benefitting from the resumption of Mice activities and a strong quarter of eve…

Market keeps watch on S-Reits’ debt levels as rising interest rates crush confidence S-Reits were down 7.3% month on month in September – underperforming the benchmark Straits Times Index, which fell close to 2.8% month…

Twitter locks staff stock accounts in anticipation of deal It updated its employee FAQ page this week to alert staff that they won’t be able to access or trade shares from the Equity Award Centre.

Four partners join sustainability collaboration, ink MoU with A*Star, JTC, TÜV SÜD They will work together to help companies understand and improve their environmental sustainability journey.

#BTOpinion: Slump in equity-guzzling Reits, Sats are signs of a coming ice age for the stock market This year, half of the 10 worst performing components of the STI have been Reits, of which some were among the most rich…

New URA guidelines call for bigger spaces for homes in non-landed developments in Central Area From Jan 18, 2023, a minimum of 20% of dwelling units with a nett internal area of 70 square metres will be required for all…

Biden to release 15 million barrels from US oil reserves: official The decision to make the biggest ever dip into the emergency oil reserves was Biden’s gambit to calm energy markets and shield the US economy from Ukrain…

Loyang Valley condo up for collective sale at S$980m Owners of two-bedroom units each stand to receive about S$1.86 million on average, while the owners of three-bedders could get about S$2.7 million each, according to a…

[BT Exclusive] Not enough Nautilus 5811 for everybody: Patek Philippe’s Thierry Stern Don’t call the boutique yet to place your order just yet. “Not everybody will get it in the first year," says Patek Philippe’s Thierry…

Chinese junk bonds set record low as property crisis spreads In his speech to open the 20th Communist Party congress, President Xi Jinping gave few signals of any major changes regarding housing market policies and Covid…

Luxury condo sales hold strong in Q3 even as top-end GCB market softens 110 luxury condos priced at S$5 million and above were sold in Q3 2022 - the priciest being a penthouse at Les Maisons Nassim for S$68 million or $6…

UK PM Truss ‘sorry’ for economic ‘mistakes’ but vows to stay on “I do want to accept responsibility and say sorry for the mistakes that have been made... we went too far and too fast,” she said in a broadcast interview.