The Business Times

🎥 Global recession in 2023? | Investigating Inflation Will volatile macroeconomic conditions and fiscal policies tip the world into a global recession in 2023? How can the average consumer in Singapore stay ahead of ris…

#BTLuxe: Rising Sorn "When I was 14 years old, I told my parents I wanted to leave Thailand and go to South Korea to be a K-pop star" says Sorn, a former member of K-pop group CLC.

Three Arrows Capital says its founders still not cooperating with asset recovery Founders Kyle Davies and Su Zhu are more interested in rehabilitating their reputation than helping their own company’s creditors, the liqu…

#BTLuxe: Noma’s Japanese connection Rene Redzepi’s upcoming pop-up in Kyoto marks a bright spot after a tough two years since the pandemic

Singapore’s PMI records third straight contraction in November amid weak global demand Local manufacturers remain less optimistic about the economic outlook going into the first half of 2023.

Anwar will be finance minister in new Cabinet He also named Ahmad Zahid Hamidi and Fadillah Yusof as co-deputy prime ministers.

#BTOpinion: Singapore needs global perspective to be a philanthropy hub To become a regional philanthropy hub, Singapore must engage in the most important issues, and some of the biggest harms do not respect borders such…

Strong winds cause shipping containers at Keppel Terminal to fall into water There are no reported injuries and no immediate impact to port operations from the fallen containers.

History says Bitcoin is set for more losses in December The pattern was particularly evident in 2018, 2019 and 2021, with an average December slide of almost 11%.

#BTLuxe: JJ LIN: JJ of all trades “I really do feel like Dr Strange sometimes... like I have to exist in different time zones and different spaces for different people,” says JJ Lin as he juggles several ventures in vari…

Blackstone’s US$69b real estate giant hits redemption limit Blackstone Real Estate Income Trust has been facing withdrawal requests exceeding its quarterly limit.

Carousell cuts 110 jobs as part of push to profitability Co-founder Quek Siu Rui admitted that he was too optimistic about the pace of Carousell’s impact versus its investments made in hiring to double down on new initia…

SIA, Thai Airways to codeshare extensively, starting with Bangkok The airlines will explore “wide-ranging commercial” collaborations to provide customers with more options, value and greater benefits.

#Brunch: All you need to know about T-bills Singapore’s Treasury bill auction in Nov 10 drew a record 92,000 bids. What are T-bills and should you invest in them? BT's Peck Gek explains. ➡️ Interested in buying T-bills?…

Higher property taxes for Singapore homeowners as government raises residential annual values The majority of HDB residents will pay between S$30 and $70 more in property tax after rebate in 2023, said the Inland Revenue…

Singapore chips away at Hong Kong’s hedge fund dominance At least 16 firms already operating in Hong Kong added a Singapore office between 2019 and 2021, up from just five in the previous three-year period.

Rolex to certify used watches in jump into pre-owned market The move to authenticate its own pre-owned watches marks a significant shift for Rolex, whose timepieces dominate secondhand sales at dealers and online.

Developer of new project on Cecil Street switches strategy to strata sales Agents have been gathering interest for an initial four strata office floors at Solitaire On Cecil priced between S$3,830 psf and S$4,180 psf.

Conference organisers expected to measure events’ waste, emissions by next year It's part of efforts to raise sustainability standards across Singapore’s meetings, incentives, conferences and exhibitions (Mice) industry…

Singapore’s market cap up 5% in November amid brighter Asia outlook Multiple Asian benchmarks outperformed in November, amid expectations Asia will be the main engine of growth in 2023 and 2024.

Sats to raise about S$800m in rights issue for WFS acquisition Temasek, which holds 39.7% of Sats through subsidiary Venezio Investments, has indicated its intention to subscribe for its pro-rata entitlement to the right…

CPF rates unchanged, but government watching rate environment closely CPF says the government would continue to watch the interest rate environment “to ensure that the CPF interest rate pegs remain relevant in the prevai…

Federal Reserve’s Powell says December rate-hike slowdown possible, inflation war far from over He signaled policymakers will downshift from their rapid pace of tightening as soon as next month's meeting but stressed tha…

China signals zero-Covid relaxation after protests Its top Covid official signalled a possible relaxing of the country’s strict zero-tolerance approach, after nationwide protests calling for an end to lockdowns and great…

Exclusions in new protections for platform workers could lead to age discrimination, arbitrage For older workers, fair treatment could also be a big concern as CPF contributions decline with age, says an industry watcher…

FTX’s Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’ He said that he now has “close to nothing” left and is down to one working credit card with “maybe US$100,000 in that bank account.”

Singapore residents’ real median income growth rose to 2.1% in 2022 MOM expects wage growth to still exceed inflation for the next 12 months through June 2023.

UOB ups ante in deposit battle with rate hike on One savings account to 7.8% UOB now has the highest maximum bonus interest rates among the three local lenders.

[#BTOpinion] FTX fallout: Does Temasek have to be on bleeding edge of tech to get best returns? Temasek only had a 1% stake in FTX and no board seat. Couldn’t it have learnt everything it needed to know about FTX through…