The Business Times

48 semi-detached houses at Eleven@Holland up for mortgagee sale while developer winds up The average price of each semi-detached house is S$3.74 million, according to the real estate agency appointed for the mortgagee sa…

Seatrium under investigation by CPIB for alleged corruption Seatrium, formerly known as Sembcorp Marine (Sembmarine), had issued a notice in March that its wholly-owned subsidiary, Estaleiro Jurong Aracruz, was being inv…

Singapore-headquartered crypto data company Nansen to lay off 30% of staff The firm had tried to expand into business areas that were not core to the company’s strategy, Nansen CEO Alex Svanevik said in a statement poste…

#BTOpinion: It may be time for SingPost to hand over some, or all, of its domestic postal obligations to the State It may be time for the relevant authority to consider taking over SingPost's staff and vehicle fleet. Sin…

SIA investing to up its game; to offer free unlimited inflight Wi-Fi to all KrisFlyer members The free unlimited WiFi offering to KrisFlyer members in premium economy class and economy class follows SIA's restoration of…

Layoffs: Is cost cutting worth it? | At What Cost Retrenchment figures in Singapore could hit about 4,000 in Q1 2023 as more companies streamline their workforce amid economic headwinds. In this episode of #AtWhatCost, B…

Developers weigh deferring new launches, offering discounts after ABSD hike: NUS poll About a quarter of developers polled also considered building smaller apartments to increase the number of units that can be sold in a…

Condo rental prices, volumes rebound in April; HDB market continues climb: SRX, 99.co Year on year, condo rents were up 29.9%, while HDB rents rose 26.1%.

CapitaLand Investment’s Quah Ley Hoon joins SPH Media’s board Before CapitaLand Investment, she was the Maritime and Port Authority of Singapore’s first woman chief executive.

Debate on CPF Ordinary Account interest rate resurfaces as those for Special, MediSave accounts rise A 0.01 percentage point increase for a CPF member who has met this year’s full retirement sum of S$198,800 represents a…

Nvidia surpasses US$1 trillion market valuation in massive AI bet Nvidia became the world’s first chipmaker with a US$1 trillion market capitalisation, joining the ranks of just five American companies with valuations th…

Challenger majority stakeholders make S$0.56 per share cash offer to privatise company The offer is being made with a view to delist the company from SGX, as indicated by a bourse filing on Tuesday (May 30) afternoon.

Black-and-white houses: A look at Singapore’s architectural legacy You may not be able to buy a black and white house, but you can rent a 2,500 sq ft one at Seletar for S$6,500 to S$7,500. Still set on living in one? Whi…

Nearly 7,000 flats launched in May BTO and Sale of Balance Flats exercises A total of 5,945 BTO flats were offered across five projects in both mature and non-mature estates in Bedok, Kallang, Whampoa, Serangoon and Teng…

Boon for Singapore as Indonesia scraps ban on sea sand exports Indonesia has lifted a 20-year-old ban on sea sand exports, a move which could help land-expansion projects in neighbouring Singapore.

WongPartnership in talks with over 40 Credit Suisse AT1 bondholders to launch new suit The firm’s potential clients are mostly Singapore-incorporated family offices, as well as accredited investors. Most bought the bonds…

#BTOpinion: Amid high interest rates, new uncompleted private homes may be better buys than resale units A buyer of an uncompleted new home need not draw down a home loan as quickly or fully as a buyer of a resale unit.…

Sheng Siong deems independent director suitable to remain in role amid lawsuit Sheng Siong's board will monitor the progress of the claim and evaluate Tan Huay Lim's continued suitability.

Condo resale volumes fall 17.9% in April, while prices rise 1.2%: SRX, 99.co The highest transacted price in April stood at S$18 million for a resale unit at Sculptura Ardmore. It was purchased by a Chinese foreign natio…

Binance taps Richard Teng to run all regional markets in swift ascension Richard Teng joined Binance in August 2021 as CEO of Singapore, and rapidly climbed the ranks amid a tumultuous time in the digital assets sector.

Singapore private homes now the most expensive to own and rent in Asia-Pacific: report The median price of Singapore’s private-sector homes now stands at US$1.20 million (S$1.62million), compared with Hong Kong at US$1.1…

Positives for venture debt providers amid macroeconomic uncertainty, SVB collapse The collapse of SVB has piqued interest in venture debt in South-east Asia, as the ecosystem has been largely unaffected by the implosion.

Fewer full-time platform drivers on Singapore’s roads as employee jobs beckon With more commuters using ride-hailing services again, the number of private-hire drivers has not kept pace with demand, says Gojek. ➡️ More g…

Thai blue chips on the SGX: What you need to know Three Singapore depository receipts (SDRs) will allow investors to trade in Thailand’s blue-chip names through beneficial interest on May 30. Here's what analysts are say…

A look at past changes to CPF interest rates This is the first time interest rates for Special and MediSave Accounts have gone above 4% since 2008. But, it's not the first time CPF interest rates were changed - BT looks…

SIA Engineering debuts new transformation phase; revenue, flights now at 80% of pre-Covid level “We’re counting on a full recovery to not just get back (to where we were), but transformation is about emerging stronger. O…

More competition, higher costs, slowing sales could hurt property agents’ earnings “Tougher to close deals and find clients”: Agents are also incurring high hidden costs, with one spending close to S$10,000 a month on Yo…

Trust Bank hits over S$1 billion in deposits; expects breakeven by 2025 “We want to become the fourth-largest retail bank in Singapore by the end of next year,” said Dwaipayan Sadhu, chief executive officer of Trust.

President Halimah Yacob not standing for re-election “It has been a great honour and privilege to serve as the eighth President of Singapore for the past six years,” said President Halimah. “The experience has been most…