The Business Times

Excelsior Hotel and shopping complex up for collective sale at S$458 million Located in the planning district of City Hall, Excelsior launched a collective sale by public tender after securing the 80% requisite mandate a…

Singapore hotels’ average room rate slips to five-month low in January; still higher on the year All hotel categories registered lower average room rates in January 2023, the lowest since August 2022.

Singapore to develop tech talent in key areas, help firms defend against cyber risks "93% of Singapore firms have adopted at least one digital technology, and the demand for tech talent across the economy is strong," sai…

Singapore to launch blueprint, advisory panel for digital infrastructure “It will lay the groundwork for us to transcend our resource constraints and create economic opportunities for all Singaporeans,” said Minister of…

Co-working startups face fresh challenge of winning over landlords While the pandemic changed working styles for good, it's also a stark lesson about the risks of getting locked into long-term leases when times are bad a…

#BTOpinion: Grab’s profitability push enthralls analysts, but befuddled investors aren’t biting The disconnect between analyst and market sentiments is not surprising - investors aren’t willing to decipher the jumble of…

The major announcements at the Ministry of Trade and Industry's Committee of Supply debate: 1. Services 2030 strategy to help Singapore grow modern services, create 100,000 new jobs 2. Singapore extends investment promot…

Condo, HDB rents continue to climb in January; HDB volumes rebound: SRX, 99.co A market watcher said that though landlords tried to pass the increase in property tax to tenants, the resistance displayed by tenants transl…

BTO flats in Farrer Park, Ulu Pandan among nearly 4,500 on offer in February Ulu Pandan Glades in Queenstown will see prices range from S$541,000 to S$711,000 for a four-room flat - making the project the most expensive…

Sembmarine calls for trading halt after H2 results release Sembmarine has reported a net loss of S$118.3 million for H2 FY2022.

Foreign ownership of new entities up in 2022, with rebound in owners from China Out of 63,801 new corporate entities formed here last year, 29% were foreign-owned, but momentum could slow this year with weak market condi…

Sheng Siong H2 profit down 1.4% to S$65.9m, eyes new store openings Sheng Siong said competition in the supermarket industry is expected to remain keen among both brick-and-mortar stores and online markets, particularly…

#BTProperty2023: Another year of pain for tenants Rising interest rates in 2022 meant that landlords had to raise rents to cover the higher monthly mortgage instalments - and the tight rental market was supportive of the…

Hi-P plans return to public market, aspiring to achieve S$10b in annual sales by 2029 A believer in paying employees according to their performance, Hi-P Group's Yao Hsiao Tung says each business unit head at Hi-P can ea…

Can Singapore companies make a four-day week work? Here’s why it’s worth trying Employers may shave their staff’s pay or other benefits like leave days, or extend their work hours on the remaining days to make up for the…

Singapore’s key foreign policy priorities and principles for 2023 “We refuse to be a vassal state that can be bullied or bought. We will not be a proxy or stalking horse for any superpower. We will uphold principles but…

Dow and Sport Singapore said they would recycle our shoes. We found them for sale in Batam US petrochemicals giant Dow Inc and Sport Singapore say they were transforming old sneakers into playgrounds and running tracks.…

Four appear in Hong Kong court charged with gruesome murder of model Abby Choi Those charged with Choi’s killing included her ex-husband, Alex Kwong, Kwong’s brother Anthony and their father Kwong Kau, police said. All w…

Tightening access to lower-skilled foreign workers more likely to improve job outcomes for locals: MOM “Businesses were then able to substitute lower-skilled but cheaper foreign workers with locals and improve the produc…

Condo resale prices fall for the first time in over two years; transactions dip 22.6% in January: SRX, 99.co The last time prices registered a decline was September 2020, when resale prices slipped by 1% after the pandem…

#BTOpinion: Offer for Boustead Projects was not so dull With Boustead Singapore offering to buy Boustead Projects at S$0.95 per share, BT's Ben Paul says minority holders who are dissatisfied with the lowball offer price…

Jewel Changi Airport regains its glitter, but for some tenants it’s too little, too late Some 74 tenants exited Jewel over the last two years, leading observers to attribute this to low footfall and considerable losses o…

Singapore banks wrap up 2022 with record earnings, still positive on outlook for 2023 All three banks are guiding for a mid-single-digit loan growth for FY2023, while DBS and UOB are also guiding for a double-digit fee i…

Terra Hill sells more than a third of units at launch An industry watcher said that Terra Hill's average price of S$2,650 psf is “reasonable” for a freehold project in the city fringe.

Giving entrepreneurs a chance to run a restaurant rent-free New incubator Ghostwriter hopes to minimise the risk of failure by giving budding and veteran entrepreneurs a rent-free opportunity to test-bed ideas.

No rush to privatise ahead of rule changes; rising cost of debt should make listed status attractive MAS and ACRA also intends to amend the Companies Act to raise the bar for controlling shareholders wishing to privatise…

#BTLifestyle: Movies and TV shows hit out at wealth inequalities But some critics have slammed these satires as being cheap and simplistic, reducing the 1% to caricatures to entertain the 99%.

Olam among first in Singapore market to report detailed natural capital accounts Olam may be the first Singapore-listed company to have released, in its annual report, such a detailed account of “natural capital” that it…

#BTLifestyle: Mistral: The topless car at the top of Bugatti’s world Bugattis aren’t intended to be flipped for quick profit, but are viewed as a store of wealth. "(Customers) don’t buy a Bugatti with the mindset to sell…

Steak-ing it on e-commerce amid the pandemic Beefing up its e-commerce platform was Adirect’s only way to continue selling its premium meats during the pandemic when restaurants were closing.