The Business Times

Latest tender results show caution among developers for big sites amid heightened risks The top bid of S$1.03 billion or S$1,401.52 per square foot per plot ratio (psf ppr) came from Kingsford Group helmed by Cui Zhengfe…

Groundhog Day: Digilife Tech’s countless board, management shuffles For far too long, Digilife has been distracted from its business priorities due to frequent board changes and the absence of a sound succession plan has…

MAS-led consortium releases toolkit for responsible use of AI MAS said it worked with AI solution providers such as IBM and SAS to integrate the toolkit so that it can better serve financial-sector customers.

✍️Editorial: No let-up in Singapore’s battle against dirty money The latest episode on fund flows linked to the Wirecard scandal in Singapore’s financial system highlights the reality that the fight against financial cri…

Putin says he let Wagner mutiny continue to avoid bloodshed “From the very beginning of the events, steps were taken on my direct instruction to avoid serious bloodshed,” Putin said.

12 months prison for Singaporean in Wirecard case Henry Yeo, 67, a former managing director of Jacobson Fareast Marketing Services, pleaded guilty to three charges.

Condo resale prices, volumes rise at a slower pace in May: SRX, 99.co Overall resale prices rose 0.9% from April and were up 9.2% year on year.

Databricks’ US$1.3b purchase of MosaicML puts AI race in fast lane The 10-year-old company is vying for a future where training and using AI models will cost “thousands of dollars, not millions”.

Singtel chairman requests lower pay; company brings forward net-zero target by 5 years Singtel chairman Lee Theng Kiat has requested to receive S$960,000 in chairman’s fees in FY2023, instead of the all-in fee of S$1.15…

Malaysia’s tax amnesty programme draws interest from Singapore companies Under the amnesty, taxpayers can voluntarily disclose any undeclared or under-declared income, or rectify over-claimed expenses in previous Years o…

Singapore looking to launch guidelines for the valuation of intangible assets The Intellectual Property Office of Singapore (IPOS) is seeking a contractor to propose an outline for new intangible assets valuation guideli…

Singapore to be first South-east Asia market for Volkswagen’s electric vehicles Pre-sales of mainstream EVs under the Skoda and Volkswagen brands will start at the end of 2023, with deliveries to begin in the first quart…

More volatility expected in commodity markets as Russia troubles persist: analysts The ongoing turmoil in Russia could bring about more volatility in the commodities space – particularly in crude oil, natural gas and gra…

#BTOpinion: Young couples can afford the condo dream - but at what cost? A graduate couple in their mid to late 30s earning median income will have a combined monthly income of S$17,776. Along with other criteria, they c…

Bank tie-ups with concert organisers are helping to win customers Some students sought to open savings accounts to get a debit card, as they are ineligible for credit cards, while others asked for recommendations for stu…

Singapore’s factory output falls by steeper-than-expected 10.8% in May The month’s figures marked the eighth straight month of decline, and also the first double-digit drop recorded since November 2019.

Singapore, Sichuan companies sign 6 MOUs as bilateral trade hits record US$2.7 billion in 2022 With cumulative actual investments of about US$4.2 billion across 737 projects, Singapore was also Sichuan’s largest foreign…

Metis Energy’s independent director resigns after receiving corruption charge Renewable energy infrastructure company Metis Energy on Saturday (Jun 24) said that one of its independent directors, Henry Wong Chuen Yuen, h…

#BTOpinion: Investor activism may be key to reviving market “Ridiculous lowball” offers are made because many of them actually succeed, laments BT's Ben Paul. Tired of waiting for the market to ascribe a genuinely fair a…

Analysts still bearish about S&P despite rallies Rising rates, potential recessions and lower earnings outlooks underpin pundits’ cautious bearing.

Taylor Swift adds to Singapore concert frenzy with more shows That was swift.

#BTOpinion: GoTo’s new CEO inherits a tough balancing act GoTo grew its gross revenue 14% to six trillion rupiah. Can new CEO Patrick Walujo ensure that the pursuit of profits does not come at the expense of healthy grow…

South-east Asia set for rocky H2 2023, but recession unlikely: analysts "The whole region is slowing down,” says a senior economist who added that the extent of the slowdown depends on the reliance on exports.

Beyond Meat wannabes are failing as hype and money fade Sales haven’t matched wildly optimistic projections, as high prices and odd tastes made the costly products easy to cross off shopping lists.

#BTLifestyle: Les Amis Group to open Singapore outpost of two-Michelin-starred Zeniya Originating from Kanazawa, Japan, the restaurant is the group’s first joint venture with the Shangri-La Group.

Singapore poised to become offshore Islamic wealth hub in next five years: panel Family ties and a mature ecosystem are key factors that make Singapore attractive to investors choosing an offshore destination for Islamic…

#BTOpinion: OCBC shows it’s still a buyer of Great Eastern While it could make sense for OCBC to make another attempt at taking Great Eastern private, it isn’t in OCBC’s interest to be too generous with minority sharehol…

Weaker ringgit, easier approvals boost appeal of Malaysian property for China investors “We saw some big deals concluded recently, priced between RM10 million (S$2.9 million) and RM15 million,” says one real estate compa…