The Business Times

ST Engineering wins S$200 million contract for Cross Island Line project Singapore's Land Transport Authority said it awarded the contract to ST Engineering in consideration of their cost-competitiveness, quality of solu…

#BTLuxe: Kōki,: Destined for the limelight "My goal is to be able to become an actress who can win people’s hearts.” Kōki shares how she's stepped out of the shadow of her famous parents to carve out her own niche in fas…

Switching to cleaner-energy vehicles a priority for Singapore’s net-zero ambitions: Iswaran Singapore will also review financial incentives to encourage the adoption of electric cars, and monitor related developments in…

LVMH breaks into world top 10 as market value nears US$500 billion Should it reach US$500 billion, it would become the first European company to achieve that milestone. ➡️ Arnault’s wealth soars to US$210 billion, leavin…

MAS leaves monetary policy settings unchanged for the first time in over a year The Monetary Authority of Singapore has left monetary policy settings unchanged in a surprise move after five consecutive tightening moves.

With Q1 GDP up 0.1%, economists see higher risk of technical recession Singapore's economy grew 0.1% year on year in the first quarter, dragged down by weakness in manufacturing, according to the Ministry of Trade and In…

Sustainable finance isn’t as complex as it seems, OCBC tells SMEs Green loans were given to more than 500 SMEs in the past two years, with only one in three providing a green certificate to validate green criteria.

En bloc offers for Lakeside Towers fall short of S$350 million reserve price There were formal submissions and expressions of interest from local developers, but the “best offer” fell short of the reserve price, said sol…

Latest 6-month Singapore T-bill offers cut-off yield at 3.75% While the yield is down from the last auction’s cut-off yield of 3.85%, there was a higher demand for the S$4.8 billion on offer in this round’s auction.

#BTOpinion: As competition intensifies, Hong Leong Finance should consider a sale Hong Leong Finance's customers may be better served by it being part of a larger financial group. Perhaps one of the three local banks mig…

SMRT’s Strides Taxi, Premier Taxis to merge, forming Singapore’s second-largest taxi operator Strides Holdings, the parent company of Strides Taxi and Strides Automotive, will hold a majority stake in the new entity, wit…

Malaysia’s pension fund refutes speculation circulating via WhatsApp of a cash crunch crisis It has been noted in this Bloomberg article that Malaysians could run out of savings by the age of 58 due to low wages, high de…

Buffett praises BYD and TSMC after selling shares of both firms Despite calling electric-car maker BYD “extraordinary” and chip manufacturer TSMC a “fabulous enterprise”, it hasn’t stopped Warren Buffett from selling sha…

Market watchers say no easy way out of conflict-of-interest problems as EY halts break-up plan Professor Mak Yuen Teen of NUS Business School said he was not surprised that the firm’s breakup plan fell apart, as there ar…

Asset enhancements could bring some warmth to S-Reits amid acquisition winter Reit managers are expected to switch strategy to focus on asset enhancement initiatives in market downturn though there are still some buying…

Singapore’s Q1 GDP growth likely slowed, complicating central bank’s task The gloomy outlook combined with persistent inflation has heightened analyst debate over whether the Monetary Authority of Singapore should tighte…

EL Development to launch Blossoms By The Park in S$2,200-S$2,400 psf range The one-bedroom units with a study, sized at either 549 sq ft or 689 sq ft, start at about S$1.3 million, or S$2,352 psf.

MAS stands ready to provide liquidity at times of global stress: Tharman "MAS ensures that banks in Singapore are well-capitalised, keep healthy liquidity positions, and are underpinned by a stable and diversified fundin…

OK Lim’s lawyer questions prosecution witness’ recollection of 2 key transactions in cheating, forgery charges At one point in his cross-examination of HSBC’s Chua Pei Pei, Senior Counsel Davinder Singh, who is Lim's law…

Shenton House sale in private talks after S$590 million tender closes without bids The collective sale of Shenton House has entered into 10-week private treaty negotiations after its en bloc sale tender closed with no bi…

#BTOpinion: Fearless directors, more than diverse boards, will help drive shareholder value creation "The pay of chief executives should be reined in such that their remuneration makes sense to the general public," says…

Michael Jordan sneakers sold for record-setting US$2.2 million The sneakers came to auction with an estimate of US$2 million-US$4 million and carried what Sotheby’s calls an “irrevocable bid”, indicating they had lined u…

#BTOpinion: Regulation a key aspect of the prosperity of Singapore’s banks and their top executives After the spate of bank failures in the West, it is worth reflecting on the extent to which profitability and seeming st…

Liberty House at 51 Club Street being sold for S$92.2 million The buyer is a Singapore incorporated company wholly owned by a Chinese citizen who is also a Singapore permanent resident.

Renminbi becoming anchor currency in commodity trading, investments: market watchers An FX strategist said the renminbi has “steadily appreciated” against the currencies of its trade partners during the pandemic while th…

‘Unidentified persons’ board Singapore-registered oil tanker off the Ivory coast; one Singaporean on vessel The Maritime and Port Authority is working closely with the shipowner and authorities to monitor the situation a…

Mirxes applies for Singapore IPO, but may be lured by Hong Kong Homegrown cancer diagnostics company Mirxes has made its first submission of documents to SGX for an IPO that could raise between US$100 million and US$200…