The Business Times

Man Group appoints first female CEO in 240 years Robyn Grew will take over from Luke Ellis, 60, who is stepping down from the helm of the world’s largest publicly listed hedge fund firm on Sept 1.

#BTOpinion: Greenwashing by association – the new threat facing corporates Companies need to realise they can be accused of greenwashing even if they do not make false or misleading green claims.

AI could replace 80% of jobs in next few years: AGI guru "Pretty much every job involving paperwork should be automatable," says US-Brazilian researcher Ben Goertzel.

#BTLifestyle: The triumphant return of Shakespeare In The Park Wild, giddy and gender-bending, SRT’s A Midsummer Night’s Dream is Shakespeare for the woke.

#BTLifestyle: Peony Jade: New premises at Tanjong Pagar serves modern dim sum and Cantonese cooking Don’t expect classic sophisticated cooking here, but if you like a bit of edge and experimentation, affable service and…

Shanmugam, Vivian rented Ridout Road properties in full compliance with procedures: SLA Two colonial bungalows in Ridout Road are being rented by Cabinet ministers K Shanmugam and Vivian Balakrishnan, and the rentals wer…

Where will Singapore Treasury bills go from here? T-bills here generally track the path of US interest rates, but they have diverged this year. After a record yield of 4.4% last year, an upward trend is unlikely.

SBS Transit Q1 net profit up 1.9% as ridership further improves The improved profitability came despite the company facing an 8.3% rise in operating costs, on higher fuel and electricity costs.

Why are South-east Asian bonds attracting more investors? South-east Asian corporate and government bonds are increasingly seen as a “safe haven” for investors amid geopolitical risks around China. But investors should s…

#Brunch: Crossing the tech chasm in preventive healthcare Singapore has one of the fastest-ageing populations in the world, which threatens to buckle its healthcare system. Can technology help people keep diseases at bay…

Ravi Menon to continue as MAS chief for two more years Menon’s reappointment is effective from Jun 1, 2023, to May 31, 2025, or until his retirement from the public service, whichever is earlier.

#BTOpinion: GXS is entering the consumer loans market at an inopportune time For one, GXS has more depositors than it has creditors, which means higher interest rates will hit it harder. Its cost of funding rises faster…

Entrepreneurial mothers: Not having it all, but making the most of what they have “You have limited resources, so you do what you’re best at. As for the rest, leave it to somebody you trust to handle.” This Mother’s Day,…

Seatrium’s net order book at S$20 billion year-to-date Seatrium, which was formerly known as Sembcorp Marine, says its net order book stands at over S$20 billion for the year-to-date following multiple project wins.

Construction of JB-Singapore RTS Link on Singapore side has reached 50% mark: S Iswaran “Based on the progress that has been achieved on both sides, we expect to be ready and on time for commencing passenger services by…

OCBC to issue A$1 billion of senior floating-rate green notes due 2026 They are expected to be rated “Aa1” by Moody’s, “AA-” by S&P Global Ratings, and “AA-” by Fitch Ratings.

Singapore banks post robust Q1 results, but NIMs look to have peaked Peaking NIMs may also indicate tougher times ahead, with analysts noting that there are limited catalysts currently as the US Federal Reserve rate come…

Gold rush: MAS leads central banks in precious metal buys in Q1 The rush for gold – a strategic hedge against inflation – in the first three months of the year saw the Monetary Authority of Singapore (MAS) leading the pa…

Singapore backs status quo on Asean approach to Myanmar; others call for review The status quo of inviting Myanmar to participate in Asean meetings at a non-political level has “a symbolic purpose as well as important pr…

Fitness studio Haus Athletics shuts outlets; operating company in liquidation Some 268 provisional creditors, many of them studio members, are owed S$1.8 million in total.

Invoice financing platform Capital Match to liquidate after years of controversy Capital Match, a Singapore-based startup that enticed investors with potentially high returns from alternative investments, is shutting its…

Latest 6-month Singapore T-bill offers 3.78% cut-off yield Demand inched up from the previous auction – the latest tranche was 2.4 times subscribed.

🍽 Truffle experience dinner for BT subscribers Love truffles? 15 BT subscribers stand to snag a pair of seats (worth S$296++) each for a 4-course dinner, which will feature the highly prized French Périgord Black Winter…

📊Corporate earnings round-up: 1. CapitaLand Investment Q1 fee income-related business revenue down 3% to S$255 million 2. Frasers Property H1 profit up 52.2% to S$197.2 million on residential development contributions 3…

Singapore’s GIC seen as frontrunner for 2 billion euros stake in Germany’s Messer Singapore's GIC is in talks to inject about 2 billion euros (S$2.91 billion) into German industrial gas maker Messer in return for a 20% t…

Singapore’s property tax won’t be hurting these foreign buyers Property buyers of certain nationalities including the US, Iceland and Norway, are exempt from Singapore’s recent tax hike for foreigners, based on respectiv…

Far East Organization to launch The Reserve Residences at prices from S$2,300 psf Located at Beauty World, two-bedroom units, sized from 560 sq ft to 807 sq ft, start at S$1.45 million.

SingPost’s H2 net profit falls 28% to S$34.6 million on losses from post business “SingPost is reviewing the commercial sustainability of the domestic postal business,” said the company.