The Business Times

#BTExplains: Who is Patrick Walujo, GoTo’s new CEO? The pressure is on for GoTo to find the right people who can steer the ship towards profitability – and to find them fast, as investors grow impatient.

Companies, government should develop Singapore talent for leadership roles in global firms: SBF report As firms look to Asia for growth, there is “a clear business case to develop Asian leaders”, and an opportunity for S…

Pioneer, Merdeka Generations eligible for up to S$1,100 in MediSave top-ups in July The top-ups can be used to pay for MediShield Life and CareShield Life premiums and other MediSave-approved insurance plans and treatmen…

#Brunch: Olympic Esports Week: From Gran Turismo to virtual Taekwondo, can online gaming push the right buttons? Singapore will play host to the inaugural Olympic Esports Week later this month. Will this newest venture l…

King Durian Commoner Prices: Malaysia's durian prices plunge from prolonged heatwave Plantation owners are bemoaning that durian prices – especially that of the popular Musang King - have dropped by more than 50% compare…

Thomson Medical confirms discussions about potential deal Thomson Medical Group confirmed discussions about a potential transaction after reports said that it is in advanced talks to purchase a controlling stake in Vietn…

Economist, sportsman and poet: 6 things about Tharman, who will run for president As a student, Tharman devoted his energies to sports – hockey, football, cricket, athletics, volleyball, sepak takraw and rugby – practisi…

#BTLifestyle: Spending habits of the ultra-rich Chinese in Singapore At one real estate agency, it's full exclusive VIP treatment for its ultra-high-net-worth Chinese clients who get treated to meals that cost up to S$10…

On its last legs: U-turn on Kranji Racecourse closure unlikely given the numbers From 1,100 races per year, that figure is now just half. The betting turnover of S$1.5 million per race about two decades ago has also dwin…

Singapore sets new data centre standards to raise operating temperatures, save energy Keeping data centres cool in warmer tropical climates can be more challenging, with cooling systems accounting for up to 40% of total…

Strong interest in mortgagee sale of Eleven@Holland, 48 cheques collected The 48 cheques collected were all from Singaporean buyers.

Latest Singapore 6-month Treasury bill offers 3.84% cut-off yield The latest auction has received total applications of S$11.5 billion for the S$5.2 billion on offer, giving it a bid-to-cover ratio of 2.2.

HDB resale price growth slows in May, while volumes rise: SRX, 99.co Compared with a year earlier, mature estates prices rose 7.3% and non-mature estates prices were up 8.1%.

#BTExplains: Why the president is Singapore’s key to tapping the reserves How does the president safeguard Singapore’s reserves and when have these powers been exercised? Here's a quick rundown of the Head of State's dis…

What will the presidential election process look like? With Singaporeans due at the polls soon, BT looks at how the whole election process will look like.

[BREAKING] Tharman to stand in Singapore’s next presidential election “I hence wish to retire from politics and all my positions in government,” said Tharman, 66, who is also Co-ordinating Minister for Social Policies, i…

#BTOpinion: Challenger’s independent directors should give minority investors pertinent information to assess latest offer Challenger is still sitting on a famously large pile of cash: nearly S$115.7 million as at end-20…

StanChart trimming more than 100 roles as part of cost cuts The bank has started trimming roles in middle office functions including human resources and digital transformation in Asia in the last few weeks.

Stop structural gymnastics, avoid demolishing buildings, Singapore urged Singapore loves a good transfer structure to get buildings to look like they defy gravity, but such structures are "hugely carbon-intensive", says…

Quarz requisitions EGM to remove Sabana Reit’s manager in favour of internalisation Quarz believes this change would deliver cost savings to shareholders, including potential savings of SGD7.3m ($5.4m) in fees and other…

Easing mortgage rates and lower household debt may not fuel home-buying: analysts Some banks in Singapore have been lowering the rates of their fixed home-loan packages, as they may be more certain about a halt in Fed hi…

Is creating an AI Stefanie Sun unethical? Experts flag the tech’s pitfalls Despite recent videos duplicating the voice of Singaporean singer Stefanie Sun with AI used to make covers of other songs, no legal action was co…

Why the US government is suing crypto platforms Binance and Coinbase BT explains why US regulators have slapped Coinbase and Binance with a host of charges, after years of relative inaction.

COE prices rise for most categories due to 3-week break, pent-up demand The COE premium for smaller, less powerful cars closed at S$98,001, up from S$92,000, while that for bigger, more powerful cars finished at S$120,70…

What is Operation Car Wash, and how is it related to Seatrium? Seatrium said that it believes the corruption probe it is facing has to do with events which happened before 2015, involving the old incarnation of the Sembc…

#BTOpinion: SIA’s fortune is soaring, so why is SIAEC’s stalling? Unlike SIA, SIAEC has not chosen to broadcast its bonuses this year. BT understands that there has been some unhappiness among rank-and-file employees at…

Singapore banks are so flush with deposits that DBS is loaning MAS S$30 billion DBS CEO Piyush Gupta said that the bank had lent the Monetary Authority of Singapore S$30 billion as it is “not finding enough opportunities…

#BTGarage: It's "cockroaches" and not "unicorns" for this Vietnamese founder-investor "Mini and small businesses, rather than hit-or-miss unicorn-valuation businesses, would strengthen the sustainability of Vietnam’s eco…

AI ‘for good’: New foundation aims to shield society from risks “We believe in using AI in a responsible way and deploying it for good, but we will also strive to shield society from the most serious AI risks,” says Mini…