The Business Times

50 public servants fulfil criteria to run for president, 1,200 companies meet the bar for shareholder equity: Chan Chun Sing The question of who qualifies to run for president is pertinent, as the presidential election i…

SIA to redeem half its 2021 mandatory convertible bonds with cash reserves The 2020 and 2021 mandatory convertible bonds were part of the S$15 billion rights Issue approved by SIA shareholders in April 2020 to tide the a…

SIA Engineering CEO says aviation recovery uncertain as economy wobbles SIA Engineering Company handled 78.7% of pre-pandemic flight volumes in March this year, but the next 20% of recovery will not be as certain, chief…

Temasek-backed STT GDC said to mull US$1 billion pre-IPO round ST Telemedia Global Data Centres has held talks with potential advisers on the fundraising as it’s keen to bring in strategic investors, the people said.

Growth in Singapore’s AUM due mostly to institutional investors, not high-net-worth individuals From 2017 to 2021, Asia-Pacific was the top foreign source for the increase in Singapore’s AUM for high-end individual inves…

Hurdles in requisitioning EGMs point to need for changes to law, say experts Since April 2021, at least 13 SGX-listed companies have gone up against requisitionists seeking an EGM to remove directors, with varying degree…

DBS Foundation partners MSF, New Hope to teach displaced individuals digital skills “I can now buy my food using this. I also learnt that I can top up my EZ-Link Card using the app. This saves me the trip of going to the…

Property developers brace for surge in compliance work with new anti-money laundering rules From Jun 28, developers are required to conduct customer due diligence checks on all transactions of uncompleted residential and…

Asean must press on with regional integration in increasingly troubled world: PM Lee “Given the troubled global outlook, we must stay cohesive and united at the highest levels, including by embracing a shared vision for…

✍️Editorial: Tackle the decline in the local stock market From S$1.1 trillion as at end-November 2017, total market capitalisation of Singapore stocks has fallen to around S$815 billion at end-April 2023.

KKR, Macquarie eyeing Singapore’s waste management firm SembWaste: sources US private equity group KKR and Australia’s Macquarie Asset Management are among potential bidders for the waste and recycling management arm of…

OCBC profit up 39% for Q1 to record S$1.9 billion The earnings beat the S$1.6 billion consensus forecast in a survey of five analysts.

WhatsApp launches payment feature for Singapore-based businesses This allows individuals and businesses to buy and sell directly on WhatsApp without having to go to a website, open another application or pay in person, i…

Olam Agri's Singapore-Saudi US$1 billion dual listing may launch as early as June: sources The dual IPO on the stock exchanges of Singapore and Saudi Arabia would make Olam Agri the first company to list in both countrie…

Launching in H2 2024: Digital platform for banks to share data on fishy transactions Sharing of information between banks on the platform will be voluntary in the initial phase of the launch. The Monetary Authority of Si…

Japan’s secret to US$230 winter mangoes: A farmer tricks the fruit 62-year-old Hiroyuki Nakagawa never thought an experiment in sustainable farming would one day yield the world’s most expensive mangoes.

New public transport fare formula to fix at 1.1% and exclude ridership: Iswaran The new capacity adjustment factor will reduce the potential variability in fares arising from the uncertain recovery of ridership post-pand…

Bankruptcy applications up to 959 in Q1 and may rise further; property foreclosures yet to pick up Bankruptcy applications could rise further, “as a small segment of more vulnerable borrowers face higher risks of financi…

Foodtech darling Shiok Meats faces scale-up issues, employee allegations Lab-grown seafood company Shiok Meats has lost half its staff in the last six months, and now faces allegations its core technology does not work.

Only 9 of 120 suspected money mules in OCBC phishing scam could be charged; 790 victims lost S$13.7m Limitations in current laws make it difficult to take money mules to task, Second Minister for Home Affairs Josephine T…

Changes to housing grants disbursement, income assessment for HDB buyers from May 9 Those looking to buy Housing Board flats will now also have their incomes assessed over a period of 12 months, instead of the most recen…

#BTOpinion: The fast-growing kingdom of Jamie Dimon With the takeover of First Republic, JPMorgan is now thrice its size before the 2008 financial crisis, with an asset base of nearly US$4tn - and cementing Dimon's royal…

After opening borders, China presses Singapore for visa-free travel deal “It is something that citizens of both countries are eagerly awaiting, and is also a shared concern for the leaders of both countries,” a spokesper…

#BTOpinion: Despite low yields and high taxes, Singapore properties still a draw for foreigners For foreigners, appreciation of the Singapore dollar versus one’s home currency helps compensate for the taxes they pay when…

Industries must support local training efforts for jobs to be added to shortage occupation list: Tan See Leng The shortage occupation list has to be complemented by industry efforts to train and place locals into these w…

89% of depositors fully insured under Deposit Insurance Scheme; MAS to seek public consultation on scheme by end June The Singapore Deposit Insurance Corporation (SDIC) insures all Singapore dollar-denominated deposits p…

COE quotas get one-time redistribution boost; long-term price uptrend likely to continue: Iswaran The one-off re-distribution, starting from the next bidding exercise, will be done over several quarters and will increase…

Singapore’s soaring rents are becoming a political problem For the PAP, solving the housing problem is crucial as the party navigates succession as Prime Minister Lee Hsien Loong is preparing to hand power to the next ge…

Sea CEO declares 5% raises after Singapore firm turns a profit Forrest Li said in a memo to staff that Sea has reached “self-sufficiency” as its cash balance is now increasing rather than shrinking every quarter.