The Business Times

Ex-Nippon Paint senior VP and two others charged for insider trading Shae, who was then a senior vice president of corporate planning and development at a Nippon Paint Holdings subsidiary, allegedly communicated confiden…

US$1.1b nickel scam accused Ng Yu Zhi faces possibly over 20 years in jail if convicted Ng, who faces 105 criminal charges, also had his bail amount raised to S$6 million from S$4 million, upon the prosecution’s applicat…

Dispute resolution clause key when seeking recourse from failed crypto entities, say lawyers “Investors should also note where a company holds its crypto assets, how their coins are held... as this might have an impact i…

Corporate pay is ‘out of proportion’: Norges CEO Tangen “It’s never been a worse time to show that kind of corporate greed because we have this (cost of) living crisis,” he said, adding that paying CEOs too much can crea…

Microsoft to cut 10,000 jobs as tech layoffs intensify In a note to employees, chief executive Satya Nadella said the layoffs, affecting less than 5% of the workforce, will begin on Wednesday.

Watchdog wants review of S$72.3b in Covid-19 spending for any payment errors The Public Accounts Committee noted that S$72.3 billion spent on Covid-19 in the 2020 and 2021 financial years were not covered in the audits b…

Sats shareholders vote in favour of Worldwide Flight Services deal Temasek, which controls 39.68% of Sats via its subsidiary, voted in favour of the transaction.

All eyes on asset valuations, capital management strategies as S-Reits gear up for FY results While China’s reopening has sparked hopes of a Reit revival, the uncertainty of higher-for-longer interest rates lingers.

Boulevard 88 unit tops Q4 resale gains; seller reaps S$3.5m profit after 3 years The 22nd floor unit at the freehold luxury condo along Orchard Boulevard was bought for S$10.32 million in July 2019 and sold for S$13.78 m…

Singapore exports set to contract further amid weak demand: economists Economists expect the downturn in manufacturing and trade-related services to extend into the first half of 2023.

COE prices up in all but two categories For larger cars, the premium ended at $105,459, up from $102,002. Analyse historical COE data with The Business Times interactive tool

Amazon is set for new round of job cuts affecting 18,000 people The latest round, scheduled to commence Wednesday, will mostly affect the retail division and human resources.

Over 1,900 firms receive Progressive Wage Mark accreditation The scheme recognises businesses that pay progressive wages to lower-wage workers, and about 52% of all firms in Singapore are eligible.

Yield on latest 6-month Singapore Treasury bill falls to 4% The yield on the T-bills appears to have peaked. 👉 Also, here's why you shouldn’t put all your money in T-bills and Singapore Savings Bonds, says BT's Nai Lun.…

Business travel, high-end tourists lead return of China visitors to Singapore With travel costing more, high-end “experiential leisure travellers” will lead the return of China visitors rather than the mass group tours o…

#BTOpinion: In investing, stick with the familiar while always learning Bought one of those hyped-up ARK ETFs in the last few years and lost money? So did BT's senior correspondent Leslie Yee, who while down 70% on his i…

Three Arrows founders seek US$25m to set up new crypto marketplace The new project seeks to “dominate the crypto claims market within two to three months of going live”.

Anwar’s visit to S’pore will set stage for ‘significant progress’ in longstanding bilateral issues: Vivian Singapore’s Foreign Minister Vivian Balakrishnan said Anwar’s visit will set the stage for bilateral talks betwee…

Singapore asks manufacturers at Davos not to forget benefits of a diversified supply chain "As much as we want to think about nearshoring for resilience... no country, no region, is entirely self-sufficient," says Jacque…

#BTOpinion: S-Reits may come to rue missing out on Mercatus portfolio sale With a price tag of over S$2 billion, the S-Reits might have been apprehensive about the size of the deal, says BT's Jude Chan.

Giant legs of Vietnam’s ‘dragon chicken’ a Lunar New Year delicacy This chicken never skips leg day.

A shallow recession is coming, but don’t fear it: Davos panellists This recession shouldn’t be feared as slower growth is part of a positive rebalancing of global economies and supply chains, says a panellist at the Worl…

Bukit Sembawang kicks off sales at landed project Pollen Collection Indicative prices start from around S$3.59 million for intermediate units, while semi-detached houses are priced from S$4.4 million onwards.

Former Agritrade CFO gets 20 years jail for defrauding banks involving US$586 million in loans Lim Beng Kim, a former chief financial officer of Agritrade International, defrauded over a dozen banks and caused almost US$…

Meyer Park en bloc sale relaunched at lower S$390m reserve price After its two previous attempts closed without a sale, perhaps third time's a charm?

New ambassador programme to get young talent to join semiconductor industry Leaders of major companies such as AMD, ams Osram, and GlobalFoundries Singapore will hold one-on-one mentoring sessions with selected youth amb…

Tourism receipts total S$13.8-14.3b in 2022; higher forecasts for 2023: STB Barring unexpected circumstances, tourism activity is now expected to recover to pre-pandemic levels by 2024, ahead of the previous mid-2020s fo…

Business bustling for CNY but restaurants face manpower woes “For the past two years, people were willing to work because they couldn’t celebrate in big groups. But this year.. they are not willing to work no matter how…

China’s 2022 GDP growth estimated at 3%: official stats According to preliminary estimates, GDP in 2022 was up 3% from 2021, beating the market consensus of around 2.8%.

Johor Bahru-Singapore Rapid Transit System Link on track to be operational by end-2026 When the 4km rail shuttle service is ready, it will take five minutes to travel from Woodlands to Johor Bahru and vice versa.