The Business Times

Crypto firms are cutting more than 1,600 jobs already this year Coinbase Global, Blockchain.com, and Genesis are among companies embarking on a new round of layoffs.

First digital trade deal between Singapore, South Korea to come into effect on Jan 14 The KSDPA is Singapore’s fourth digital economy agreement, and its first with an Asian country.

#BTLuxe: Nakata Hidetoshi: making his mark from soccer to sake Nakata has spent his post-football years traversing the globe and proving to be just as classy off the field as he was on it, by being an articulate ambassad…

Singapore property investment sales drop in Q4, but end stronger for full year CBRE’s data showed that preliminary real estate investment sales declined 55.6 per cent qoq to S$3.2 billion in Q4, with sharp falls in retai…

Lisa Marie Presley, daughter of Elvis, dies at 54 Presley, 54, suffered cardiac arrest in her home in the Los Angeles suburb of Calabasas.

Permanent rules for Singapore listcos to continue virtual meetings a given, say pundits They also hope the new rules will protect shareholder rights.

UOB prices S$850m in 5.25% perpetual capital securities, first callable in 2028 UOB expects the capital securities to be rated Baa1 by Moody’s Investors Service and BBB+ by Fitch Ratings.

🎧 BT Future of Finance: Delivering on customer demands (Ep 5) What are the challenges the wealth management space is facing and what is the future of banking in 2023 and beyond? For more insights, we speak to Brendan Ca…

Credit Suisse weighs 50% cut to bonus pool after turbulent year The bank is considering cutting the bonus pool for 2022 by about half, capping a grim year in which it was forced to raise US$4 billion after a string of lo…

Seven in 10 Singapore fund managers see 10-20% upside to Asian equities in 2023 Fund managers see China’s relaxation of its restrictive Covid-19 policy after three years as “the light in the otherwise gloomy 2023 marked…

BCA expects S$27-32b in Singapore construction demand; analysts positive on local companies The Building and Construction Authority expects 60% of construction demand to come from the public sector as the Housing Develop…

No setback for Singapore’s plans to import clean energy as sun sets on Sun Cable: EMA Besides the Sun Cable proposal, the Energy Market Authority has received "more than 20 proposals to import electricity from countries…

Twitter tells Asia HQ staff to clear desks, work from home Twitter staff were informed via email on Wednesday (Jan 11) that they had until 5.00 pm to leave the CapitaGreen building and resume their duties remotely from T…

PropNex calls for ABSD rule tweaks for upgraders, more OCR land in Budget 2023 PropNex is suggesting “some form of contractual undertaking” to ensure that the private home buyers sell their HDB flats within six months fr…

Six former Keppel O&M staff issued stern warnings for bribery-related offences The offences relate to bribe payments to officials of Brazilian state owned corporation Petróleo Brasileiro (Petrobras).

John Lee vows ‘fast’ return to normalcy for Hong Kong as Asian Financial Forum kicks off Hong Kong chief executive John Lee says Hong Kong will resume normalcy "fast" and in a "safe and orderly manner".

South Korea’s Kakao Entertainment secures 1.2t won investment from sovereign wealth funds Singapore’s GIC and Saudi Arabia’s Public Investment Fund decided to each invest 600 billion won in the entertainment firm, local…

Asset prices falls may lay bare rot in crypto, commodities sectors in South-east Asia “I’d be very surprised if we went through 2023 without there being more crises, scandals and collapses in the crypto sphere,” said an…

BlackRock plans to cut 500 jobs in first retrenchment since 2019 The world’s biggest asset manager plans to cut roughly 2.5% of its global workforce after grappling with sharp declines last year in equity and bond market…

Number of compulsory wind-ups rises after two-year fall; over 200 businesses shut in 2022 The number of bankruptcy applications filed in the first 11 months of 2022 also reached a high of 3,380, close to 2019 levels afte…

Chinese homebuyers to gradually return to market as travel restrictions ease: Huttons Huttons attributes this to Singapore’s reputation as a safe haven in times of uncertainties, which is favourable for investors.

Singaporeans list housing, living costs as top concerns in poll Two out of three people surveyed said there should be greater focus on housing affordability, while 89% highlighted the cost of living.

Proxy adviser Glass Lewis recommends Sats shareholders approve WFS acquisition It said Sats has access to other funding sources to fully fund the proposed transaction, including the acquisition bridge facility of S$1.7 b…

Sun Cable project to power Singapore collapses after Aussie billionaires clash on direction and funding Shareholders couldn’t come to a consensus on the future direction and funding of the plan to power Singapore using a…

Of home prices and affordability With new flat prices rising 22% in the last decade (on an average psf basis), it's no wonder that concerns over affordability loom large. What lies ahead for 2023? 📥 SIGN UP for our free…

One Holland Village Residences achieves 80% sales Over 90% of One Holland Village Residences’ buyers are locals. Meanwhile, the largest group of foreign purchasers are from America, followed by Indonesia and China.

SGX mandates exact remuneration disclosures for CEO and directors; removes two-tier vote for IDs SGX RegCo noted the “unanimous support from institutional investors and retail investors” on the proposal for mandatory dis…

#BTOpinion: Sats-WFS deal: Pro forma financials in circular show lower immediate boost to earnings, EPS Sats' recent share price trajectory has been an accurate barometer of the financial implications of its proposed acq…

Golden Mile Tower owners in private talks after close of S$650m en bloc tender Almost 90% of Golden Mile Tower's owners have signed the collective sale agreement.