The Business Times

Volkswagen Group Singapore becomes agent for Cupra and Seat brands, prepares for EV shift The move reflects VW Singapore’s push towards electric cars - it is expected to start with the Cupra Born, a fully electric hatchb…

Some economists brace for technical recession this year even as MTI says it is not expecting one “We are less optimistic than MTI and see the economy stagnating rather than rebounding in the coming quarters,” Maybank eco…

✍️Editorial: Candidates for Singapore’s next president remain elusive Strict requirements on presidential candidates have greatly reduced the likelihood of a non-establishment candidate surfacing, whether in this or futu…

US hospital operator Cedars-Sinai launches Singapore venture unit The Singapore-based venture unit plans to make equity investments in 12 to 15 Singapore startups over the next five years, with cheque sizes ranging from…

BT Explains: US debt default? Here’s why Singaporeans should worry What happens if the US runs out of money (and loses its prized AAA status)? As the clock ticks down to the June 1 deadline, BT gets up to speed on the de…

Singapore T-bill’s cut-off yield at 3.85% in latest auction The latest cut-off yield for Singapore’s six-month Treasury bill (T-bill) that closed on Thursday (May 25) was 3.85% per annum – seven basis points higher than…

Higher EP salaries for renewals mean employers may have to give big raises – or lose workers Some companies worry about being able to retain EP holders as qualifying salaries rise with age, with one saying, “If this mini…

[Exclusive] Honestbee ex-staff, trade creditors won’t get any of the S$320 million owed There is no money left to pay former staff, vendors and other unsecured creditors of failed grocery delivery startup Honestbee, who…

Grab co-founder Tan Hooi Ling to step down from operating roles by year-end “There are many other personal passions that I have put aside to build Grab with (chief executive) Anthony Tan... I believe now is the right tim…

SIA reintroduces appetisers to economy class meals; lists tender for hot towel All meals served on medium, long-haul and ultra long-haul flights will include an appetiser, along with a bread roll, a main course, cheese a…

Ringgit slumps to record low of 3.41 against the Singdollar With the latest drop, the ringgit’s value has decreased by 4.15% against the Singapore dollar since the start of the year.

Tina Turner: The raw power of rock ‘n’ roll As news spread of Turner’s death, at 83, in Switzerland, many said her life story was an inspiration as she overcame abuse during her marriage and emerged a star.

Singapore GDP grew 0.4% in Q1; full-year growth expected at mid-point of official range While GDP growth in the first quarter turned out to be a notch higher than advance estimates of 0.1%, it is still lower than the 2.1…

S-Reit investors wary of falling NAVs as interest rates weigh on sentiment “Falling NAV is one of the things I am watching closely because it will affect the share price,” said independent financial adviser and Reits spe…

Government to spend S$3.3 billion on infocomms technology in 2023 More than 100,000 personal computers and printers across Singapore’s public service are expected to be replaced in 2023, as part of the Government’s spend…

Xi upends the secretive world of US$10,000-an-hour China experts President Xi's anti-spy campaign is targeting secretive $10,000-an-hour China consultants, comprising corporate insiders and ex-government officials.

More SMEs outsource backend roles amid rising business costs, labour shortages SMEs are increasingly outsourcing backend business functions – or entire departments – such as IT support and payroll processing.

Locally listed landlords face tough calls as Singapore office property market reprices Still, a few owners have quietly put their big-ticket office buildings on the market - Mapletree Pan Asia Commercial Trust is suppose…

Last Qing emperor Puyi’s Patek Philippe watch sells for US$5.1 Million The auction, which lasted about seven minutes, was attended predominantly by mainland and local Hong Kong collectors and representatives.

World’s richest man loses US$11 billion after LVMH stock rout Bernard Arnault, the founder of LVMH, still has a net worth of US$191.6 billion.

MAS responds to queries over Angolan money launderer’s account in Singapore Financial institutions must file Suspicious Transaction Reports with the police, if they have any reason to suspect that a financial transaction…

Hotpot chain Little Sheep ends franchise agreement with No Signboard Restaurant operator Little Sheep Hong Kong Holdings cited No Signboard's failure to launch the required number of new restaurants as a reason for termi…

S&P downgrades SingPost’s credit rating to ‘BBB’ on weakening prospects Weakness in SingPost’s post and parcel segment may be more prolonged than previously anticipated, according to S&P.

🎧BT Podcast: Opportunities for multibaggers in small cap How impacted by inflation or not was the small cap market in 2022 and where are the opportunities for higher returns in 2023? BT correspondent Howie Lim speaks to…

Prepayment model can deliver knockout punch to gyms in long term: industry observers “Gyms might be leveraging on the fact that people give up after one to two months of exercise, and do not strive to build loyalty to fo…

Review to be carried out on Ridout Road properties; Shanmugam and Vivian requested it: PM Lee Home Affairs and Law Minister K Shanmugam and Foreign Affairs Minister Vivian Balakrishnan have also spoken to PM Lee to reque…

Demerit system for manufacturing, stricter criteria for public tenders among workplace safety changes The manufacturing sector’s fatal and major injury rate worsened during the heightened safety period and exceeded that…

SGX to launch depository receipts for Airports of Thailand, CP All, PTT E&P Singapore investors can soon buy direct exposure to three of Thailand’s largest listed companies, through newly launched Singapore depository re…

Analysts split on US debt talks’ impact on USD; “no deal” could have unprecedented effects They expect continued uncertainty could strengthen the US dollar and weaken the Singdollar in the near term.