The Business Times

[SUPPLEMENT] Who's Who in Private Banking (Mar 2023) 2023 is shaping up to be a year of two halves and potential Black Swan events, while China’s reopening looks set to be a game changer for South-east Asia. How can inve…

#BTGarage: 5 Questions with founder-turned-investor Ooi Hsu Ken "As a founder, you are in constant fear of death. At most, you have 18 months to live and need to figure out how to grow enough to get another 18 months." I…

Apple debuts yellow iPhone 14 to boost interest until new model Hello, yellow! Apple is returning to a frequent trick it uses to keep buyers interested in its current iPhone line until the new model arrives: adding a new…

CPF to close 300,000 accounts of non-citizens, non-permanent residents from April 2024 Most of these accounts have low balances, with more than two-thirds of the accounts holding less than S$5,000 each.

Planning for next pandemic a ‘balancing act’ of building capabilities and being adaptable: DPM Wong On improving forward-planning capabilities, DPM Wong said that Singapore should have “some dedicated officers focus just…

Fed’s Powell opens the door to higher and possibly faster rate hikes “The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than pre…

China warns US risks catastrophe with moves to ‘contain’ Beijing Washington’s approach towards Beijing “is a reckless gamble with the stakes being the fundamental interests of the two peoples and even the future of human…

Lee Hsien Yang hints at never returning to Singapore, says he is unlikely to see his sister again In a lengthy Facebook post, he also said his sister, Lee Wei Ling, is now extremely unwell.

Sea narrows FY2022 loss by 19% to US$1.7 billion; records first profit in Q4 The improved performance was due to a “decisive pivot to focus on efficiency and profitability,” said CEO Forrest Li.

Stocks with higher percentage of women in management perform better: BofA Stocks with more women managers have been enjoying a 2% higher average return on equity than companies with fewer women managers over the past 12…

India’s real-time payments system expands its reach to the world Cross-border retail payments between Singapore and India currently amount to more than US$1 billion a year. ➡️ Singapore's PayNow links up with India's Uni…

After US$15 billion award, sultan’s heirs target Malaysian properties in Paris French bailiffs attempted to enforce a seizure order on three Paris properties owned by the Malaysian government in a case linked to a US$15…

Job switching in growth sectors not merely driven by salaries: industry players At the top was the information and communications sector – 18.1% of workers switched jobs in the last year, up from 14% in 2021.

#BTExplains: How to use myBT’s keywords feature to personalise your reading experience By simply following keywords, subscribers and registered users of The Business Times can hone in on the news that's relevant to them.…

Singapore expected to rely on grants, loans and credit schemes to draw investors amid global tax shift “To remain attractive to foreign investors, Singapore’s policies are likely to continue with upskilling efforts to bo…

Meta plans thousands more layoffs as soon as this week Meta has been asking directors and vice presidents to make lists of employees that can be let go, sources say.

Grab Holdings retires US$600 million in 2026 debt with extra cash Grab said it would bring forward its goal to break even to the fourth quarter of 2023, from the second half of 2024.

Surge in salaries for software engineers hits a bump as caution reigns “Talents have less competing offers so their leverage for negotiating for higher salary is lower, be it new offers at other companies or asking for a…

OKP unit awarded S$43.8 million from arbitration over 2017 PIE worksite accident In July 2017, a road viaduct under construction collapsed near the PIE exit to the Tampines Expressway, killing one worker and injuring 10…

OCBC eyes multi-channel banking experience as ticket to lead digitalisation race OCBC has invested around S$250 million to modernise its technology architecture from 2023 to 2025, it will invest another S$300 million.

#BTOpinion: Golden Agri a safe haven amid uncertainty While some may feel it foolhardy to invest in a company on the back of blowout earnings in a single year, such “nowcasting” could land a long-term investor in trouble…

#BTOpinion: Stay calm when more luxury condos fetch above S$6,000 psf The government need not fret if a few homes sell for stratospheric prices, as long as high-quality public housing flats are affordable and available f…

Applicants for February BTO exercise lowest since 2020: HDB The median application rate for first-timer applicants for three-room flats or bigger stood at 1.8, which means that on average, there were fewer than two appli…

UOB’s loan to a coal-miner’s subsidiary spotlights complexities of defining the just transition Climate activist group Greenpeace believes UOB is “clearly greenwashing” and the refinancing will undermine the acceleration…

Cycle & Carriage Singapore sells Mercedes-Benz Centre and 3 other properties for S$333 million Automotive group Cycle & Carriage Singapore has completed the sale of four of its properties to M&G Real Estate for a total o…

Calls for gender diversity in Singapore’s corporate leadership to evolve past box ticking “I have on a number of occasions pointed out the absence of women in committees I am involved in, and often find that the men did…

Leadership development in local enterprises will be critical for Singapore’s hub status For Singapore to continue thriving as a viable hub for businesses, we need to get our talent game right - a wrong strategic hire at…

Lawrence Wong to discuss workforce, taxes, housing prices at ST-BT Budget roundtable Finance Minister Lawrence Wong and panellists will discuss social and economic challenges that Singapore faces in the post-Covid era at…

UN states agree on deal to protect high seas after over 15 years of discussion After years of talks, United Nations member states finally agreed to a text on the first international treaty to protect the high seas, a fra…