The Business Times

Credit Suisse dials back Asia risk controls after bankers revolt Credit Suisse took steps in 2021 to tighten controls by commissioning Ernst & Young to assess its wealth units’ anti-money laundering procedures in Singapo…

China reopening: Singapore businesses in country hit by Covid surge but remain optimistic While December saw a drastic surge in infections, the return to normalcy was just as swift. “The explosion in numbers was insane,”…

HDB BTO oversupply not the answer to home affordability: Desmond Lee Although homebuyers could “walk in to buyer-ready flats” in the early 2000s, homeowners paid heavily with home prices staying depressed, said National…

Scoot CEO sanguine about 2023, amid ‘robust’ forward bookings and China reopening “We remain optimistic that demand will continue to be robust because... the need for people to travel for work, for leisure, is there," sa…

StarHub H2 net profit falls 98% on higher operating expenses, one-off impairment losses StarHub said this came on the back of lower profit from operations, including provisions for the company’s Dare+ transformation init…

#SGBudget2023 lookahead: The true cost of GST on businesses and SMEs The volatility of last year looks set to continue in 2023, as a slowing economy, rising interest rates and global tensions persist. Coupled with the GS…

How to invest your first S$100,000 Have $100,000 to invest? Before sinking that into China, tech or megatrends, take care of essential life goals in your portfolios first.

#BTOpinion: Affirming the power of couple-hood in personal finance Marry for money why not? BT's Leslie Yee shares the financial benefits of a marriage, especially in areas such as owning a home, insurance and investment…

Boustead Singapore makes offer for real estate unit; analysts say S$0.90 offer price undervalues Boustead Projects Boustead Singapore, an engineering services provider, announced an offer to privatise Boustead Projects i…

Finance Minister Lawrence Wong will deliver the #SGBudget2023 next week (Feb 14). Here’s how to make the most of BT's coverage. 💻 VISIT our microsite bt.sg/budget23 that features outlooks for various sectors, video expl…

Goodbye JCube: CapitaLand to redevelop mall into 40-storey residential development CapitaLand Development expects to launch the new development for sale in the second half of 2023, said chief executive Tan Yew Chin.

Tech winter dulls the shine of employee stock ownership plans “A candidate of ours left one of the unicorns recently, disappointed that there was no upside from her few years there… Her employee stock ownership plan was…

Trustee of Laguna National mired in conflict of interest; shouldn’t be involved in club’s winding up, court told Laguna National Golf & Country Club was insolvent as early as 2016 and its total equity figures were perman…

Singapore’s soaring rents narrow the gap with pricey Hong Kong Singapore rents could rise another 10-15% in 2023, while those in Hong Kong may only post a 5% increase, according to estimates.

Close to S$1 billion committed for Career Conversion Programmes, helping more than 40,000 so far The Capability Transfer Programme has also committed about S$5 million to projects that have supported over 1,000 local wor…

ERP rates at five locations to go up by S$1 from Feb 13 LTA said traffic has been building up on several stretches of expressways, and these changes have been made in response to traffic conditions observed throughout Ja…

70% of BTOs launched in 2022 affordable with S$8,400 median household income: Desmond Lee Nearly 70% of BTO flats launched last year can be "affordably purchased" with Singapore's median household income of S$8,400 at a…

Malaysia to refresh appeal of Iskandar southern growth corridor to Singapore Singapore is a key part of the plan for Iskandar Malaysia to realise its full potential, said Zafrul Aziz, Malaysia’s Minister of International…

Luxury property deals take a dip in Q4, but 2023 outlook remains strong: Huttons The top foreign nationalities buying luxury properties were from China, the US, Indonesia and Malaysia.

Stern warnings to Keppel O&M ex-staff signal they are not completely off the hook: Parliament “It signals an expression of the AGC’s (Attorney-General’s Chambers) position that they don’t have enough to charge you (ex-KO…

Postal voting for overseas Singaporeans among electoral changes in new amendment Bills The proposed amendments will also allow for polling stations to be set up in adjacent electoral divisions, to make it more convenient…

China’s mega-rich move their wealth, and partying, to Singapore One firm, which provides immigration and relocation services, also helps clients find luxury condos, hire chauffeurs, enrol kids in private schools and even…

Reasons to fund SMT’s transformation remain valid: Josephine Teo “SPH Media Trust’s review of circulation numbers reinforced our assessment that the media landscape has become highly unfavourable for news organisations e…

#BTOpinion: A million dollar HDB resale flat makes sense for some buyers A million dollar HDB resale home is easily affordable for some home buyers. And easy to rent out at a good rate and to sell if need be, says BT's L…

SingPost, Mo Batteries to begin trial of electric motorbikes with swappable batteries Two electric motorbikes will serve selected areas and be assessed for their charging convenience, ease of use, maintainability, and en…

Singapore has not imposed restrictions on arrivals from China as no new variants of concern have emerged: Shanmugam “The number of imported Covid-19 cases from China is now fewer than five every week...In fact, we are in…

Property stamp duty collection falls 15.7% to S$4.4b in first 9 months of FY2022 The fall reflects a slowdown in property transaction volumes in 2022 amid economic uncertainty due to rising borrowing costs and higher inf…

OCBC unit files police report against Gudang Garam owner The Indonesian arm of OCBC Bank filed the report against Susilo Wonowidjojo, the owner of Gudang Garam, on fraud allegations relating to some 232 billion rupiah (S…

Apollo Aquaculture judicial managers say operating subsidiary not under administration Apollo Aquaculture Group was placed under interim judicial management on Mar 17 2022, and subsequently under judicial management on M…

#BTLifestyle: Fresh takes on suiting for a return to the office As though answering a Singaporean’s prayers, designers are showing looser-cut outfits this season, toeing the fine line between cool comfort and overly casu…