The Business Times

CDL’s Newport Residences preview postponed following latest ABSD measures “With the latest property-related measures… the market will need time to absorb the news… We will monitor market conditions closely and unveil its…

#BTOpinion: Private home prices look set for a welcome correction amid higher ABSD rates Is there a crazy rich foreigner who will pay 60% ABSD to buy a home in safe haven Singapore? It will take about 12 years of price g…

Singapore closer to testing ammonia bunkering as study finds ‘low or mitigable’ risks Singapore has taken a crucial step closer to starting pilot studies on the feasibility of ammonia as a green marine fuel, with a study…

As Marina Bay Sands enters its teens, an elevation towards new era of luxury hospitality "With China just emerging, they are looking for safe destinations to service their hospitality needs, and Singapore can do that ver…

#BTOpinion: Consider paying CEOs less and taxing them more High-performing businesses may screw up, which cause great inconvenience for customers. While some CEOs do apologise, are corporate boards taking sufficiently pu…

ABSD hikes a “preemptive measure” to crimp renewed investment demand, prioritise Singaporeans: Desmond Lee “If we don’t take early preventive measures, we may see investment numbers both by locals and foreigners grow, th…

A string of shophouse deals in Stanley, Telok Ayer and Amoy streets Singapore-based real estate investment company 8M Real Estate is boosting its shophouse portfolio in the central business district with a S$29 million p…

Microsoft’s earnings surge to add record US$151 billion in value Microsoft is poised to scale to a market capitalisation of US$2.2 trillion, helping it reclaim the title of the world’s second most valuable public company…

UOB posts 67% rise in net profit to S$1.5 billion UOB CEO and deputy chairman Wee Ee Cheong noted that the bank’s diversified franchise – particularly its wholesale and retail businesses – contributed to the strong resul…

[BREAKING] Singapore hikes residential property ABSD across the board, doubles foreigner rate to 60% The ABSD rate has been raised from 17% to 20% for Singapore Citizens purchasing their 2nd residential property, and fro…

#BTOpinion: The clock is ticking for Singapore’s pioneer Spacs With time running out for Singapore Spacs to do a business combination, it looks increasingly likely that they will have to seek an extension from SGX to fin…

Iras to reward whistleblowers on private property deals exploiting ‘99-to-1’ loophole to evade ABSD A reward based on 15% of the tax recovered - capped at $100,000 - for each case will be given to informants if the infor…

Yield on latest Singapore 6-month T-bill rises to 3.83%; demand slips for latest SSB issuance A senior rates strategist noted that while yields are higher, retail investors just do not seem to have as much interest in th…

No plans to erode excess capital given market uncertainty: OCBC chairman But board chairman Andrew Lee acknowledges shareholders' views that the bank's Common Equity Tier 1 (CET1) ratio 'may be a bit too high' compared t…

Electronics ‘insourcing’, fragmented value chain pose challenges, chances for Singapore: MAS With the rising importance of Asean and India, it could be good for upstream producers in Singapore to forge stronger links wit…

BAT Singapore pleads guilty to conspiracy over N Korea sanctions; parent to pay US$635 million to US A Singapore subsidiary of cigarette maker British American Tobacco (BAT) pleaded guilty to charges of conspiracy to com…

HDB rents, volumes rise in March as condo market dips: SRX, 99.co “The rise (in HDB rentals), as opposed to condo rentals, could be reflective of tenants switching to lower rental alternatives in the HDB market,” says an…

Uncertainty, financial stability tail risks have risen globally and for Singapore: MAS Singapore’s GDP is expected to grow 0.5% to 2.5% this year, moderating from 3.6% in 2022 and with risks tilted to the downside.

Residential rent pressure expected to ease in 2023, sharp rise last year ‘exceptional’: MAS MAS expects that about 32,000 public and private residential units will be completed per year between 2023 and 2025.

✍️Editorial: Time for a fundamental rethink of the COE Prices have reached a point where there is no longer any trace of equitability. Owning a car is no longer affordable for Singaporeans who are neither wealthy, nor pr…

Top 500 family firms’ revenue up by 10% despite global slowdown: study Of the 500 listed in the study, two were from Singapore - Golden Agri-Resources was ranked 177th and Yanlord Land Group was ranked 339th in 2023.

Singapore banks face limited NIM growth, rising asset quality risks in Q1: analysts Q1 results will likely see additional pressure from funding costs and muted loan growth, say analysts.

Public transport fare formula tweaked to make fare changes more predictable for passengers To avoid large swings in fares for passengers who take the bus and train, the way that yearly adjustments to public transport far…

Three floors at Solitaire on Cecil sold for record S$4,300 psf at S$162.8 million The buyer is “a local company which is expanding its operations in Singapore”, said Savills Singapore.

Biden, 80, makes 2024 presidential run official: “Let’s finish this job” “This is not a time to be complacent. That’s why I’m running for re-election.”

Travellers lose ultra-cheap first-class tickets after ANA about-face ANA is cancelling flight tickets that were sold at bargain-basement prices last week after a currency conversion blunder, despite previously saying it…

MHA refutes reports of 3,500 high-net-worth individuals becoming Singapore citizens in 2023 MHA said a statement on the number of high-net-worth individuals expected to be granted Singapore Citizenship in 2023, which was…

Union Power set to scoop up failed Sun Electric’s solar assets Singapore's electricity retailer Union Power has submitted a “binding offer” to scoop up the solar assets of failed Sun Electric group for S$2.2 million, sou…

GXS Bank launches personal credit product with interest rates from 3.8% Customers can choose to borrow sums as little as S$200, with tenures as short as two months.

Low-cost airline kingpin prepares for life after AirAsia “Good leadership is to know when to go,” said Tony Fernandes, who plans to focus more on areas such as health, education and private equity.