The Business Times

Private home sales up 17% in May from April, with new launches doubling Including executive condominium (ECs), which are a public-private housing hybrid, developers sold 1,055 units last month, up 16.1% from April.

Stronger regulation, appropriate pricing model needed to ensure right balance of PHVs Despite the expansion of PHV fleets here, complaints over wait times and high prices persist. A regulatory framework that sets out cle…

TikTok to invest billions of dollars in South-east Asia: CEO “Dancing and singing are still important and they hold their charm, but we’re witnessing other verticals… skyrocketing on our platform globally,” said CEO Chew…

🍴A Southern Italian wine dinner experience at Sofitel Singapore Sentosa Resort & Spa for The Business Times readers Fancy marinated king fish with orange sauce and fennel pollen, paired with a glass of Alice Verdeca IGT…

Siemens to invest 200 million euros in new Singapore plant, create over 400 jobs These include positions in advanced manufacturing, supply chain management, quality management and finance.

No Signboard receives letter of demand from Orchard Gateway landlord Restaurant operator No Signboard has received a letter of demand from its landlord at the Orchard Gateway shopping mall for an outstanding payment of t…

Goldman, Citigroup begin cutting about 35 dealmakers across Asia About 15 dealmakers at Goldman were affected, including nine from equity capital markets, while Citigroup may eliminate more than 20 jobs, mostly at junior…

Presidential hopeful George Goh aims to qualify under clause that gives elections committee discretion “Mr Goh did not enter the contest on a whim,” said Goh’s media team who added that the assessment of Goh’s eligibilit…

Labour demand shows signs of easing as job vacancies fall for 4th straight quarter Job vacancies have fallen for the fourth straight quarter to 99,600 in March.

#BTOpinion: Who will be SIA’s next captain? Those who helmed the national carrier before current CEO Goh Choon Phong had all risen through the ranks and spent decades rotating across the group’s various departments and s…

US Federal Reserve leaves rates steady, sees two small hikes by end of 2023 The Federal Reserve kept interest rates unchanged on Wednesday but signaled in new economic projections that borrowing costs will likely rise by…

Singapore shoppers blur lines between online and offline retail: report Online channels are popular for price comparison, while brick-and-mortar stores are important for “social connections”.

People’s Park Centre eyes third collective sale bid; People’s Park Complex plans first try This time, People’s Park Centre is looking at a reserve price of between S$1.5 billion and S$1.7 billion, said the chairman of th…

MOH sets benchmarks for private hospital fees Median private surgeon fees have remained stable for surgeries with benchmarks, but have grown at a compound annual growth rate of 2.7% for surgeries without them.

Invest smart, it's not that hard. Join BT's Ben Paul at Mark to Market ‘Live’! Featuring our panel of experts from OCBC Bank, RHB Singapore and Azure Capital, the personal wealth forum will discuss how to protect your po…

The birth of the 2023 bull market The S&P 500 has finally risen by 20% from its lowest point, signalling the start of a new bull market - with the focus now on consumer spending, easing of inflation and AI technology.

About S$500 million invested in AI innovation in last 5 years: Josephine Teo This was part of a bigger effort that the government has put in place to harness AI for public good, she said.

China EV-maker BYD opens Boat Quay restaurant as part of hybrid showroom Cafe first, Car second: China's BYD is out to draw customer attention with its lifestyle dining concept and drive home the message on the new way o…

Economists downgrade 2023 growth forecast to 1.4%, manufacturing set to shrink: survey GDP is now expected to be weighed down by a contraction in the manufacturing sector, as well as a deeper slump in non-oil domestic ex…

Singapore’s first listed retail PE bonds redeemed, additional 0.5% bonus paid Known as the Astrea IV PE bonds, the class A-1 notes had a fixed interest rate of 4.35 per cent per annum, paid every six months.

Flows into Japanese equities highest in 20 years; analysts say market still has room to run Foreigners put a net US$31.8 billion into Japanese equities in the year to Jun 2. ➡️ Singapore dollar seen to depreciate against…

China, Singapore private wealth continues to support shophouse demand A four-storey corner conservation shophouse at New Bridge Road was sold for S$23.8 million, and a three-storey shophouse at Boat Quay went for S$30 mi…

#BTOpinion: Ageing Singapore companies need Jeff Bezos' 'Day 1' mentality as AI comes of age Do the management teams of leading Singapore groups have a Day 1 mentality? They should, says BT's Leslie Yee, especially in th…

Seatrium’s inclusion in the STI in June changes previous assumption about index methodology Seatrium’s inclusion in the Straits Times Index (STI) this month surprised several market watchers, and changes what many previo…

Is S$10,000 the new normal for motorcycle COEs? “I don’t think we can ever expect it to return to below S$5,000, which is what we saw before speculative bidding really affected prices, and also before food delivery servi…

Golden Village and The Projector to set up shop in Cineleisure; mm2 Asia to exit The curtains are closing at the Cathay Cineplexes which will hold its last day of screenings in Cineleisure on Jun 30.

Three Eleven @ Holland housing units sold from S$1,050 to S$1,079 psf This translates to about S$3.91 million to S$4.02 million for each cluster semi-detached house, exceeding the expectations of the vendor.

Sheng Siong explains non-compliance, says ‘not necessary’ to add more IDs due to group’s size It responded to questions over its non-compliance of a corporate governance code provision setting out that independent direct…

DBS launches multi-family office VCC for ultra-wealthy families The minimum wealth for the service is around S$15 million.

Entrepreneur George Goh ‘confident’ he will meet qualifying criteria for presidency Despite not strictly meeting the S$500 million shareholder equity criterion for prospective private presidential candidates, Harvey Norm…