The Business Times

Singapore, China agree to restore flights, people exchanges to pre-pandemic levels Congratulating Chinese president Xi Jinping on his re-appointment as president, PM Lee Hsien Loong welcomed China’s reform and modernisat…

Applicants for employment pass to get bonus points for 27 ‘shortage’ roles “With the bonus points, companies will be more confident in expanding their operations in Singapore, knowing they can hire the workers they need,…

DBS to set up special board committee to investigate online service disruption At its annual general meeting (AGM), DBS chairman Peter Seah bowed to shareholders as he expressed regret for the incident.

Golden Mile Tower set for en bloc relaunch at S$600 million reserve price If the reserve price is reached, owners of the retail units will get an indicative amount of between S$400,000 and S$16 million each, depending on…

Lower household electricity bills in Q2 as tariff falls 5.4% The average monthly electricity bill for families living in HDB four-room flats will decrease by S$4.69, or 5.3%, before GST.

Shell pulls plug on 2 Singapore projects, says clean-energy transition unchanged Shell said it would continue supplying base oil and lubricants, as well as biofuels, to its customers in Singapore and the region.

Rare pink diamond goes to auction for more than US$35 million The cushion-cut diamond has been described by experts as “glowing” and has the highest ranking possible for the quality of colour, defined as “Fancy Vivid.”

Singapore travellers can now use QR code to pay in Malaysia and vice versa Singaporeans going to Malaysia will now be able to make payment using the Nets QR code, the Monetary Authority of Singapore (MAS) and Bank Negara…

Three freehold bungalows in Chancery area sold for S$61.1 million The buyer is property developer Sustained Land's founder, Douglas Ong, and all proceeds of the sale will go to registered charities.

OCBC group chief Helen Wong’s salary reaches S$11.2 million in 2022, behind other local banks Helen Wong’s salary in FY2021 has been reported at S$7.6 million, after she was appointed the group CEO on Apr 15, 2021.

Mapletree Logistics Trust buys 8 Asia-Pac assets for over S$900 million, plans private placement The manager of Mapletree Logistics Trust said it is in the process of buying eight logistics properties in Japan, Australia…

Singapore’s GIC to jointly buy Japanese HR software developer for US$2.6 billion Sovereign wealth fund GIC will acquire about half of Works Human’s shares.

BMW’s first million-dollar car launched in Singapore At S$1,003,888, the XM comes with diamond quilted upholstery and is one of the speediest SUVs in the world, hitting 100 km/h in only 4.3 seconds.

A look at past bank outages, and the consequences With fewer banking services available at physical bank branches these days, and the falling number of branches, digital disruptions have a greater impact than ever. Here'…

China completes first yuan-settled LNG trade China has placed an emphasis on settling oil and gas trades in yuan in recent years in a bid to establish its currency internationally and to weaken the US dollar’s grip on wo…

Keppel aims to hit S$200 billion in AUM by 2030 Keppel aims to raise its current S$50 billion in assets under management (AUM) to S$200 billion by 2030 under its drive to be a leading global asset manager.

Latest 6-month T-bill offers 3.85% yield amid market volatility The latest tranche of T-bills were around 2.2 times subscribed for the S$4.3 billion allotment.

Singapore’s venture boom falters as industry ponders future “Growth at all costs” approach is now backfiring as institutional investors get tired of loss-making ventures without a firm grip on fundamentals.

Regional groupings will help make Asia stronger: PM Lee Calling for the region to strengthen its ties with China, he said that economic cooperation between China and its Asian neighbours will be stronger if it is underpi…

BMW, Mercedes boom in Singapore as rich shrug off higher taxes The cost of a 10-year COE - the car isn’t included - is equivalent to 92% of Singapore's median annual household income.

PMET share of Singapore’s job vacancies rose in 2022, but still shy of pre-pandemic level Roles in the technology sector remain highly sought after, as ongoing digitalisation trends have led to a “sustained demand for te…

Yangzijiang Shipbuilding buys CBD office building for S$399 million to ‘deepen roots in Singapore’ “Having been listed on the Singapore Exchange mainboard for 16 years... the acquisition gives us an opportunity to deepen…

DBS’ digital services disruption on Wednesday ‘unacceptable’: MAS MAS added that it will take “commensurate supervisory actions” against DBS after gathering the facts.

Ivy League prices are pushing US$90,000 a year Full costs at elite private colleges already stretch well into the US$80,000s, or upward of US$320,000 for four years.

Ramadan bazaar stallholders struggle with steep rents, competition Rents have skyrocketed to S$24,000 for some kebab stalls, while other stall owners have tussled with the organisers, after the cable providing electricit…

Nickel investments may reward investors with solid returns amid EV boom “Nickel has better demand dynamics than some other metals, given its usage in EV batteries and the growth of the EV market,” says a market watcher.

Demand rises for latest Singapore Savings Bond with 10-year average return at 3.15% This tranche of SSBs also offered a higher yield than previous tranches.

Singapore takes 9 spots among Asia’s top 50 restaurants; Bangkok’s Le Du tops list Singapore's highest ranked place was the acclaimed Odette, which ranked No 6.

#BTOpinion: Time to raise deposit insurance cap of S$75,000; count SRS funds threshold separately from ordinary deposits Raising the ceiling to S$100,000 or higher, as well as separating coverage for SRS funds, may now b…