The Business Times

Fed’s new backstop shields banks from US$300 billion of losses The response helped soothe investors worried about additional bank runs or the risk a fresh financial crisis would trigger a recession. ➡️Silicon Valley Bank…

Hong Kong launches agency to attract global firms BRANDED CONTENT: It's making it easier for companies to grow their business with support services for visa application to intellectual property protection.

Sub-sales in private property creeping up to reach 10-year high in 2022 The rising numbers point to a return of trading momentum in a market where buying activity has been damped by cooling measures.

MariBank launches to select members of the public Launched to select individuals within the Sea ecosystem, MariBank offers a savings account with an interest rate of 2.5% credited daily.

HDB to pilot new type of public rental housing with own room, shared facilities for low-income singles Called Single Room Shared Facilities, this new housing type aims to give tenants greater privacy while providing a co…

Singapore VCs, startups rethink risk, as some are exposed to SVB fallout SVB’s collapse is a lesson to all chief financial officers to monitor exposure to banks that may not have properly managed the risks around rising…

#BTOpinion: Does demand for HDB BTO units in mature estates need tempering? Would clawing back resale proceeds from the sale of non-PLH BTO flats in mature estates discourage some people from choosing such units? The cla…

Michelle Yeoh makes history as first Asian to win best actress Oscar “For all the little boys and girls who look like me watching tonight, this is a beacon of hope and possibilities. This is proof that... dream big and d…

Singapore banking system remains ‘sound and resilient’ amid SVB collapse: MAS MAS said the Singapore banking system has “insignificant exposures to these failed banks in the US”, adding that Singapore banks are also like…

HSBC buys SVB’s UK unit for £1 in reprieve for tech sector “This acquisition makes excellent strategic sense for our business in the UK,” HSBC CEO Noel Quinn said in a statement.

Quick takes: The impact of SVB’s collapse on Singapore banks Analysts remain sanguine on the outlook of Singapore’s banks, arguing that there are several fundamental differences which set local lenders significantly apar…

More pain for tenants who engage leasing agents Property agents say that collecting a commission from the tenants they represent is the edge they need to compete with would-be tenants who approach the landlord’s agent di…

✍️Editorial: Run on Silicon Valley Bank offers old-school lessons in risk management The reasons behind SVB’s failure are age-old - just like past bank runs, this appears to be a case of inadequate risk management and po…

Saudi Aramco posts blowout annual profit, raises dividend The world’s biggest energy company made net income of US$161 billion in 2022, the most since it listed in Riyadh in 2019.

Depreciating yen fuels Singapore companies’ M&As in Japan The sharp depreciation of the yen against the US dollar has made Japanese assets more affordable and an attractive market for M&As.

Signature Bank closed by New York regulators in SVB’s wake Signature Bank was closed by New York state financial regulators on Sunday (Mar 12) as the fallout from last week’s implosion of SVB Financial Group’s Silicon Va…

Want to show appreciation of the women at your workplace? Try empathy, not flowers To recognise the hard work a woman has put into her role, say thank you with a promotion or pay raise – preferably to match the men who w…

Less work is making people more unhappy Why are we burning out if we are working less and have more leisure time than previous generations? Maybe because it feels like we’re never getting a genuine break.

SVB fallout spreads around world from London to Singapore “The loss of deposits has the potential to cripple the sector and set the ecosystem back 20 years. Many businesses will be sent into involuntary liquidation overn…

#BTLifestyle: 2023 Ferrari Purosangue review: High horse Ferrari's new family car is practical and comfortable. But does it feel like a Ferrari?

SGX sees greater demand for capital raising by businesses expanding into S-E Asia Companies such as Chinese electric vehicle maker NIO, and Philippine liquor giant Emperador, have benefitted from SGX’s secondary listings…

Made in Singapore, sent into space The foray into space is part of the astronomical advances that local company Creatz3D has made since it started out 11 years ago, as a seller of 3D printing equipment.

Holding cash will be a winning strategy in 2023, investors say “We’re encouraging people that it’s okay to hold cash, that it’s not just a lead weight on your ankle weighing you down,” said an industry watcher.

It turns out money does buy happiness, at least, up to US$500,000 Forget what you heard about there being no benefit once income reaches US$75,000.

#BTLifestyle: Art event invites you to spend an afternoon with artists in their spaces Get to know artists and their work in a comfortable setting in Walk Walk Don’t Run, which serves as an antidote to the pressures of t…

#Brunch: Back to the movies: How are cinemas putting up a show? As they emerge from the pandemic, Singapore’s cinemas hope to draw back the crowds with a greater focus on alternative programming and premium experiences,…

SVB chief sold US$3.6 million in stock days before bank’s failure Silicon Valley Bank chief executive officer Greg Becker sold US$3.6 million of company stock under a trading plan less than two weeks before the firm disc…

#BTLifestyle: How to maximise storage in a one-bedroom home? Put it all in one big box A specially designed ‘timber box’ incorporates shelves, kitchen cabinets, shoe racks, wardrobes and even the entire bathroom.

#BTLifestyle: Aniba - New restaurant hidden in CBD holds the key to globally-influenced Tel Aviv cooking Tucked on the fifth floor of 6 Battery Road and only accessible by private lift, Aniba’s impractical location is co…