The Business Times

About 200 granted PR under Singapore’s Global Investor Programme in last three years GIP investors brought in more than S$5.46 billion in total business expenditure via direct investments, and generated more than 24,000…

High business, parenting costs among MPs’ top concerns on first day of Budget debate Several MPs wondered if changing the Working Mothers Child Relief to a fixed dollar amount would discourage some middle-income women fr…

SPH Media Trust committee should be given ample time for thorough investigation: Josephine Teo “With no direct impact to public funding, the decision on whether to share its full investigation report with the public resi…

#BTProperty2023: Homing in on luxury condominiums For luxury condominiums costing at least S$10 million, foreign buyers dominated with 85% of all transactions in 2021 and 2022, where Chinese buyers surpassed all buyer gr…

UOB to ride on Citi acquisition to drive growth in 2023; posts S$1.2b Q4 profit UOB has declared a dividend of S$0.75 per share for the period, up from S$0.60 in H2 2021.

IHH Healthcare’s CEO Kelvin Loh resigns Dr Loh assumed the managing director and chief executive position at IHH Healthcare on Jan 1, 2020. No replacement has been named, and no reason was given for Dr Loh’s resignation.

MOM does not “micro-manage” foreign work pass numbers: Tan See Leng MOM expects hiring demand to have been dampened in the fourth quarter of 2022, but would not reduce its issuance of foreign work passes even if the sect…

COE prices up across the board, Open category hits record high of S$118,001 The price for Open COE at S$118,001 represents an increase of 12.4% from S$105,002 in the last tender exercise. Analyse historical COE data with…

#BTOpinion: Investors may need deeper pockets as Reits raise cash for expansion For investors who like a particular Reit, fundraising is an opportunity to amass more units at a discount - but to others, they are wary abo…

Business, industry transformation must accompany workers’ productivity gains: Zaqy Senior Minister of State for Manpower Zaqy Mohamad also acknowledged that productivity-raising efforts take time, and may result in cost…

Progressivity is not about pitting the well-off against others: Pritam Singh He cautioned against framing the government’s latest fiscal plan as a “Robin Hood” Budget. “Referring to it as such pits one group – high-earne…

Sats to issue 363.1 million new shares at S$2.20 apiece via S$798.8m rights issue Gross proceeds from the rights issue will be used to partially fund the inflight caterer and ground handler’s acquisition of Paris-based W…

‘Confidential’ settlement reached between security agency Apro and union over officers’ wage dispute “We are now focused on ensuring all our officers clearly understand why the recent adjustments had been necessary and a…

Wilmar posts 8.6% rise in H2 earnings; plans to pay record dividend The total dividend paid and proposed for FY2022 stands at S$0.17 - the highest cash dividend paid out by Wilmar since its listing.

Sembmarine-Keppel O&M merger D-day draws short sellers into the fray The losses in Sembmarine's stock on Monday come on the back of record short-selling volume of 175.6 million shares.

China buyer picks up duplex penthouse at Klimt Cairnhill for nearly S$30 million As the option to purchase is understood to have been granted last week, the buyer beat the increase in the buyer’s stamp duty rate for resi…

#BTOpinion: Frasers Property’s board should act with some urgency to address weak share price With higher interest rates, investors’ cost of capital has risen and addressing share price undervaluation has to be a top pri…

SIA Q3 posts record operating profit on robust demand for air travel Demand for air travel is expected to be “robust” in the fourth quarter, SIA said, adding that "forward sales remain strong across all markets for both…

Malaysia PM Anwar’s first budget on Friday: Five things to watch out for With the unity government repeatedly stressing that it will take on cost-of-living issues, handouts and financial aid are expected to dominate budg…

JPMorgan cuts about 30 investment banking jobs in Asia-Pacific The cuts to its Hong Kong and China-based bankers are the biggest seen in years, with junior-level bankers being the most affected.

It’s shape up or ship out for e-commerce logistics players facing slowing demand Ninja Van has consolidated some parcel sorting stations, as parcel volumes get hit by the economic slowdown, with "flat or slightly negativ…

PayNow links up with India’s UPI, allowing real-time payments between Singapore and India In Singapore, the service will be available for customers from DBS and fintech firm Liquid Group, while participating banks in Ind…

5,000 drivers, 32,000 admin staff to see pay rises from Occupational Progressive Wages Administrative assistants should be paid at least S$1,500 a month, while general drivers, who operate vehicles on a Class 3 licence o…

📊Results round-up: 1. Sembcorp H2 profit up 54% to S$358 million 2. SingPost posts 9.7% lower operating profit of S$33.9 million 3. Genting Singapore H2 net profit more than doubles to S$255.7 million on travel recovery…

Upskilling for gig workers poses different problems, needs different treatment Platforms offer learning portals, but that's insufficient when time is money for workers - 29% of drivers work more than 59 hours a week acco…

Singapore can pay for higher social spending without hiking income taxes for the time being: analysts The need for fresh sources of revenue may become more pressing and analysts are eyeing the possibility of a capital ga…

Sats halts trading pending announcement Last month, its shareholders voted in favour of its proposed acquisition of Paris-based air cargo handler Worldwide Flight Services.

#BTOpinion: Golden Energy’s big deal: IFA evaluation of exit offer warrants closer examination by regulators If the authorities do nothing, future delistings could be packaged with extraneous elements to enable independe…

Orchard Towers collective sale falls through In February 2022, Orchard Towers' collective sale committee recommended setting a reserve price of S$1.6 billion for an en bloc sale - possibly the most expensive collective s…