The Business Times

Fresh scrutiny on CoCo bonds: Wealthy families advised to tread carefully Contingent convertible bonds which are Additional Tier-1 in banks’ capital structure, were widely recommended by some private banks – even as rece…

Equity holders to absorb losses before AT1 investors: MAS Equity holders will first absorb losses from the resolution of a financial institution before those who bought Additional Tier-1 (AT1) and Tier-2 capital instrume…

US Federal Reserve delivers small rate hike amid global banking turmoil The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point, but indicated it was on the verge of pausing further incr…

Asian banks preferred on lower-risk, limited contagion from recent banking fallout: analysts Most Asian central banks tend to be conservative in their oversight of banks and apply strict standards when it comes to bank f…

Ex-Goldman banker Roger Ng seeks celebrity prison for 1MDB fraud Ng’s lawyer recommended the “lowest-possible designation” at the low-security federal prison for Ng and said that Ng requires mental health treatment.

In just over a week, four banks have failed. Are there more land mines waiting to blow up other banks? Credit Suisse, SVB: What you need to know and more importantly - should you panic?

COE premiums for cars hit all-time high For larger cars and more powerful EVs, the COE premium ended at S$116,201, a 0.61% increase over the previous high.

#BTOpinion: To avert a financial crisis, the Fed seems poised to keep interest rates unchanged Analysts say the central bank may decide that the fight against inflation could “wait six weeks” and concentrate on restoring…

MOM will act against employers who misclassify employees for cost-cutting This includes cases where employers terminate their employees’ contract of service, but engage their services under conditions that effectively ma…

Credit Suisse collapse likely to tarnish Switzerland’s reputation as a safe place to invest The shocking collapse of Credit Suisse may well sully Switzerland’s banking reputation for decades to come.

Six-storey shophouse in Boat Quay sold for S$37 million This sees the seller, Wah Loon Engineering founder Alan Chong, making a nice gain over the S$21.35 million he paid for the 999-year leasehold property in 2018.

Ohmyhome ends Nasdaq debut at US$4.07, 1.8% above IPO price Ohmyhome announced on Mar 20 that it will be offering 3.8 million ordinary shares priced at US$4 apiece.

Credit Suisse’s Singapore assets represent 1.6% of local banking sector: MAS Customers of Credit Suisse in Singapore will continue to have full access to their accounts, while the bank’s contracts with counterparties rem…

Changi Airfreight Centre in need of hardware, tech improvements: freight forwarders Operators say technology infrastructure has not kept up with the times and is unbefitting of the reputation Changi has as a world-class…

Singapore to ‘strengthen crisis management muscles’ post-Covid: DPM Wong Deputy Prime Minister Lawrence Wong says that through its Covid-19 experience, Singapore has expanded its toolkit for disease outbreaks.

Asian central banks face little impact from US, Europe banking crisis Some analysts expect the US to continue hiking rates to curb inflation, while others believe that the ongoing crisis may prompt the Feds to either slo…

Credit Suisse memorabilia up for grabs in online shops after merger Dozens of bars of gold, stamped with the name of the issuer were being sold online, while ski hats bearing the ‘CS’ letters, were getting bids of close…

Singapore to increase healthcare capacity, amend laws for future health crises In the wake of Covid-19, Singapore will strengthen hospital capacity with transitional facilities; improve public health research capabilitie…

BT correspondent bags Story of the Year award Congratulations to BT's Wong Pei Ting for winning the Story of the Year award for her report on the trend of top university students in Singapore changing their preferred edu…

These are the world’s most expensive cities for business travel Hong Kong was the most expensive destination in Asia, outpacing Singapore which rose to second in the region on the back of US$515 per-day charges.

One multi-family office application, 200 single-family office tax incentive applications pending: Tharman He added that single-family offices, which manage assets belonging to only the family, are not subject to licensin…

Credit Suisse bankers flood headhunters from Singapore to London The flurry of calls highlight the heightened anxiety by Credit Suisse’s staff amid a takeover that has been described by UBS chairman Colm Kelleher as an “…

Koh Beng Seng to step down as Great Eastern chairman Replacing him will be Soon Tit Koon, who will take on the chairman role the day after his resignation on on Apr 21. Read here.

Small-cap stocks can outperform the STI, if investors know where to look Before casting your lots with small-cap stocks, pay close attention to its underlying businesses, and track record for paying dividends. Read here.

MAS to set up information-sharing platform to combat money laundering under new Bill The new platform will allow financial institutions (FIs) to share information on customers who show suspicious behaviour, making it eas…

CPF nominations are treated the same as wills and hence not revoked upon divorce: Tan See Leng Tan added that CPF members should review and update their nominations when their life circumstances change. Read here.

#BTOpinion: In the face of high home rentals, consider growing a build-to-rent segment The median rent of a four-room HDB flat rose by 25-33 per cent year on year to S$2,900 in Ang Mo Kio, S$3,200 in Clementi, S$3,600 in…

Second-hand traders of textiles, shoes excluded from process chain after shoe recycling saga Remedial steps taken to “tighten” the process chain of Singapore’s shoe recycling initiative involving Dow and Sport Singapore…