The Business Times

Condo, HDB rents rise more steeply in February on falling volumes The monthly increase in condo rents in February was the highest in a year, outpacing growth every month since February 2022.

Alibaba to split into six, plans new IPOs in historic overhaul The move frees up its main divisions from e-commerce and media to the cloud to operate with far more autonomy, laying the foundation for future spinoffs and…

DBS digibank, PayLah services down on Wednesday The bank said on its Facebook page that its systems “remain secure and uncompromised”.

Shortage of fresh graduates could force consolidation in Singapore’s accounting market Despite one accounting firm raising its monthly starting salary by 15% to S$3,000, more than 90% of prospective hires have declined i…

Hyflux winds up 2 units over unpaid debts Hyflux Membrane Manufacturing and Hyflux Engineering have been ordered to be wound up upon a successful application by the now defunct water treatment firm Hyflux.

PODCAST: Are Singapore office buildings good investments? Senior correspondent Leslie Yee finds out. #propertybt #btpodcasts Listen here: bt.sg/5KST Also available on Apple, Spotify & Google

#BTOpinion: Five things to note about Credit Suisse’s AT-1 bonds Was the decision to safeguard equity before AT1 bondholders politically motivated? What options for recourse do bondholders have now?

SVB failure casts a chill across Asean’s climate startups landscape SVB was a pioneer in the space of climate financing, with billions in loans issued to more than 1,500 customers working on climate projects at the time…

#BTOpinion: Potential sale of Manulife US Reit’s manager to Mirae calls into question steadfastness of its sponsor A top-notch rating won’t be much good if investors don’t believe that the interests of the external manag…

After doling out huge loans, China is now bailing out countries In many ways, China has replaced the United States in bailing out indebted low- and middle-income countries.

Binance CEO CZ has more than ‘FUD’ to worry him now Zhao and his Binance cryptocurrency exchange are being sued for alleged violations of derivatives regulations. How will the most powerful person in crypto respond?

Condo resale volumes rise 50.3% in February; first increase after four months: SRX, 99.co Market watchers believe that the increase in volume is partly due to buyers rushing to complete their home purchases in response t…

Disney begins the first round of 7,000 expected job cuts The cuts are expected to fall on all parts of the company, including theme parks and the ESPN sports networks.

What ties does Thomas Zilliacus, a reported bidder for Manchester United, have with Singapore? Singapore’s investors, however, may associate Zilliacus with YuuZoo Networks – a Singapore Exchange (SGX)-listed company that…

Red Bull family’s US$8 billion wealth boom tops all Asia dynasties The Yoovidhyas, the Thai family that invented it, have added US$7.8 billion to their fortune since January 2022, the biggest gain of any Asian dynasty.

AT1 bondholders have little room for recourse if enterprise fails: lawyers “If the bond instrument says there are some capital requirements or clauses which reverse the order, bondholders would be pushed downwards,” expl…

EDB, ministries to see permanent secretary changes from May 1 The Economic Development Board’s (EDB) chairman, Dr Beh Swan Gin, will soon join the Ministry of Trade and Industry (MTI) as Permanent Secretary of Developmen…

TPG weighs sale of Singapore healthcare firm at US$1b valuation Private equity firm TPG is exploring selling its Singapore-based healthcare company, and investment funds and other hospital operators have shown preliminar…

#BTOpinion: Push hard to widen the ownership of Singapore property It may be timely to allow funds, which are widely owned by Singaporeans, to buy private homes without incurring ABSD, says BT's Leslie Yee.

BT, UOB extend deadline for Sustainability Impact Awards to Apr 30 The award seeks to recognise people and businesses who have had a positive impact on the environment and community.

First Citizens buys Silicon Valley Bank First Citizens has entered into a purchase and assumption agreement for all deposits and loans of SVB. The deal includes the purchase of about US$72 billion SVB assets at a discoun…

Genting’s prime Miami property attracts bids topping US$1 billion A prime waterfront Miami parcel put up for sale by Genting has attracted five offers exceeding US$1 billion, potentially setting a record for such propert…

Weighing bank AT1 perps: Are you compensated enough for the risk? Are you compensated enough for the risks you are taking, especially when deposits and short-term Treasury bills are paying well over 3%, BT's Genevieve Cu…

TikTok’s next stop is US courts as CEO falls flat It’s not just geopolitics riding on the outcome. ByteDance is backed by some of the world’s biggest financiers, from SoftBank to Sequoia Capital and Temasek Holdings.

AI deals hit by funding winter but VCs eye fresh opportunities “The buzz around ChatGPT has really made people a lot more aware of what AI bots can do,” said an observer, adding that many investors are also interested in…

PM Lee to meet Xi Jinping on official visit to China PM Lee’s trip will include visits to Beijing, Guangzhou and Bo’ao in Hainan Province, where he will deliver a speech at the Bo’ao Forum for the Asia Annual Conference.

Clients rebalancing portfolios to deal with Credit Suisse fallout, say wealth managers More customers are seeking to rebalance their holdings to address concerns around the elevated volatility within the US and European…

#BTLifestyle: Asia’s 50 Best Restaurants awards ceremony returns to Singapore for its 10th anniversary Chefs gear up for the party of the year even as it brings back to the spotlight the controversies surrounding it, mos…

Temasek’s Sheares Healthcare leads US$4 million round in mental health startup ThoughtFull Founded in 2019, ThoughtFull operates a digital platform, ThoughtFullChat, that offers video calls and text-based mental health c…

#BTLifestyle Nostalgic charm meets modern update in refurbished East Coast townhouse Let there be light: this 70s-era "Light House" is filled with natural light and greenery.