The Business Times

Hyflux seeks over S$684.6 million in compensation from KPMG Hyflux and two of its units are claiming over S$684.6 million from the group’s former external auditor, KPMG, for alleged negligence in auditing the accounts.

Fashion retailer H&M to cut 1,500 jobs in cost saving drive In September, H&M, the world’s No 2 fashion retailer, launched a plan to save 2 billion Swedish krona per year.

Doctor Anywhere founder is EY Entrepreneur of the Year 2022 Singapore Healthtech startup Doctor Anywhere’s founder Lim Wai Mun will go on to compete with other global contenders at the EY World Entrepreneur of the Year i…

Former Chinese President Jiang Zemin has died: state media The 96-year-old died from leukemia and multiple organ failure in Shanghai at 12.13 pm, according to local media.

China protesters defy authorities with dating apps and Telegram Locations of planned gatherings are given without an explanation, or conveyed with map coordinates, or by a faint map in the background of a post.

Regulation cannot prevent cryptocurrency platforms from collapsing or protect customers from losses: Lawrence Wong “Temasek has also initiated an internal review by an independent team to study and improve its processes,…

28% of new light good vehicle registrations in 2022 are electric: Iswaran The government is focused on promoting the general adoption and transition to electric vehicles, said Minister for Transport S Iswaran.

US crypto broker Genesis says it is working to avoid bankruptcy filing Law firms are being consulted by creditor groups, who are seeking to avoid a situation similar to crypto exchange FTX’s rapid descent into bankruptcy…

PS.Cafe now fully owned by Singapore’s Sun Venture with 30% stake buy Sun Venture previously owned 70% of PSGourmet – the parent of restaurant chain PS.Cafe.

#BTOpinion: Higher rates inflict pain on borrowers but economy, not just banks, benefits As Singapore's three local banks benefit from higher interest rates, they can do more to create jobs, retain talent, invest in tech…

Violet Oon-Manoj Murjani court tussle – a case of too many cooks? Among the matters under dispute are an increase in salaries for Oon and her two children, and how the company should be branded and promoted.

Astrid Hill bungalow in early stage of being sold for over S$55m Its owner - a director and co-owner of oil and petroleum company Midas NSSG International - also bought the bungalow next door for S$44.3 million last year…

Repealing ‘anachronistic’ 377A helps to keep LGBTQ talent in Singapore: WP MP Retaining 377A makes Singapore look anachronistic as a modern financial hub, and has made it hard to convince LGBTQ talent to stay and contrib…

SIA to get 25.1% stake in Vistara-Air India merger SIA expects the merger will boost its presence in India and strengthen its multi-hub strategy.

Worldwide Flight Services CEO sees near-term softness in cargo, but robust long-term prospects The current softness in the market is related to Russia’s invasion of Ukraine and the Covid-induced lockdown in China, says W…

China cities under heavy policing after protests People who had attended weekend rallies said they received phone calls from law enforcement officers demanding information about their movements.

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Lack of political will and true multilateralism threaten to cripple climate goals “We are in a perilous state, and our chances of achieving 1.5 (degrees Celsius target) are very, very small,” said Dr Vivian Balakrishnan,…

Over 10% of new car registrations in 2022 were for electric cars: MOT The strong growth was despite cost pressures on vehicles recently, such as supply chain issues and rising interest rates.

Japan’s job market remains tight, keeping pressure on wages The job-to-applicants ratio climbed to 1.35 last month, meaning there were 135 jobs offered for every 100 applicants.

#BTOpinion: Fixing the economy will be the real test for Malaysia’s new prime minister Veteran politician Anwar Ibrahim comes onboard at a critical juncture in Malaysian history, when its politics is arguably the most fr…

October average room rates for Singapore hotels dip slightly but remain high The economy and luxury segments saw gains while the mid-tier and upscale segments made losses.

Banks in Singapore expand wealth, tech jobs even as Wall Street layoffs gather steam Recruiters are receiving mandates for the next year that include salary packages between 20-40% above the norm, as employers jostle for…

Temasek’s eyes Paris for third European office, operational by June 2023 Temasek said the new office will strengthen the group’s global network and enhance access to deal flow, partnership opportunities and the talent po…

Don’t penalise employees who reject pro-LGBT diversity efforts: MPs At least four MPs said that some employees were worried about being pressured to attend pro-LGBT events, or being shunned as unsupportive.

Prospects for Orchard Road malls may be better than suburban ones Singapore’s premium as a safe haven status destination, along with the rise in leisure and business travellers, are adding to the allure of malls at Orcha…

Link Reit is frontrunner to buy Singapore shopping malls: sources Link Real Estate Investment Trust, Asia’s biggest Reit, has emerged as the frontrunner to buy a portfolio of assets from Singapore shopping mall owner NTU…

Is there room for F1 races amid Singapore’s broader green ambitions? For one, this year's Singapore Grand Prix used alternative energy sources such as B7 biodiesel to power one of their zones - which included stages, gra…