The Business Times

Private home prices slip 0.2% in Q2, less than 0.4% slide in URA’s flash estimate Overall rentals of private residential properties increased by 2.8 per cent in Q2, a much smaller rise than the 7.2 per cent gain in Q1.

Banks to charge for use of Sing dollar cheques by Nov 1, to stop taking corporate cheques by end-2025 From Nov 1, seven banks - DBS, OCBC, UOB, Citibank, Maybank, Standard Chartered, and HSBC - will start charging for th…

Company in auto trade exercises option to buy Sime Darby Business Centre for S$68 million Price works out to S$380 psf on existing gross floor area; deal subject to JTC’s approval.

George Goh calls for more private sector candidates, disagrees with Tharman’s non-partisan stance Reiterating his stance as an independent candidate with no involvement with the grassroots or any political party, Goh sai…

HDB prices continue to hold in Q2, rising 1.5% as resale volume falls 6.7% However, this growth is still slower than the average quarterly growth of 2.5% seen in 2022. Meanwhile, condo resale prices and volumes continued…

US dollar heads for a soft landing, Asian currencies set to narrow against it Amid a possible pause in US monetary tightening, attention is turning to possible rate cuts in Asia, supporting local markets.

Shanmugam, Vivian to sue Lee Hsien Yang for defamation over Ridout Road claims if he does not apologise Lee Hsien Yang has been sent lawyers' letters by ministers K Shanmugam and Vivian Balakrishnan over allegations made…

PODCAST: The road to net zero is fraught with challenges but one company is doing its best and helping others along the way. Yoon Young Kim, cluster president of Singapore and Brunei at Schneider Electric shares his insi…

Keppel Corp H1 profit rises to over S$3.6 billion, highest in 55-year history Earnings per share stood at 203 Singapore cents, a more than sixfold increase from 27.9 Singapore cents in H1 2022.

SIA posts record quarterly profit of S$734 million for Q1 2023 It’s a record quarterly performance in the carrier’s history, and is a 98.4% increase from the S$370 million net profit for the same period in the previous F…

Yields for 12-month T-bill rebounds to 3.74% in July This is higher than the cut-off yield for the 12-month T-bills issued in April, which stood at 3.58 per cent per annum, but lower than the 3.87 per cent posted in Janu…

LHN to acquire River Valley assets for S$23.3 million LHN has potential plans to transform the River Valley Road properties into serviced residences or a hotel.

✍️Editorial: Consider new safeguards to keep Singapore free of corruption These issues come amidst talk of increasing disillusionment and cynicism among Singaporeans towards political figures. Consequently, it raises con…

No Signboard CEO Lim Yong Sim charged with share price rigging The restaurant operator's CEO has been accused of creating a false appearance in the price of the firm's shares. If convicted, Lim could face up to 7 years i…

China’s Victory Giant to buy Singapore’s MFS Technology for up to US$460 million Victory Giant will pay in cash to acquire Pole Star Limited to indirectly own MFS Technology (S) and all its subsidiaries, with equity valu…

Employment growth loses steam in Q2; hiring, wage hike plans also ease: MOM While non-resident employment largely grew, resident employment contracted slightly, with retrenchments also falling to 3,200 from 3,820 the pre…

CEL starts preview of TMW Maxwell; units priced upward of S$3,000 psf TMW Maxwell features 324 residential units, a three-storey car park, commercial podium and around 62% of its residential units are “flip/switch” studi…

US Fed lifts rates to highest since 2001 and hints at more to come “Policy has not been restrictive enough for long enough to have its full desired effects,” Fed chair Jerome Powell said after the decision to lift intere…

UOB Q2 profit rises 27% to S$1.4 billion UOB’s net profit for the second quarter rose 27% on higher net interest income, and trading and investment income – the latter hitting an “all-time high”.

Trans-cab purchase signals grab for drivers and maybe profits While Grab's planned purchase of taxi operator Trans-cab could kick off more deals in South-east Asia’s point-to-point (P2P) transport market, consumers are w…

Hi-P International executive chairman wins top accolade at Singapore Business Awards Yao Hsiao Tung impressed judges for his tenacity, which enabled him to turn a loss-making business into one of Singapore’s most diversi…

Volatile electricity prices zap number of Singapore households on retail contracts Nearly 40% of Singapore households are under retail contracts for their power needs.

Singapore’s ‘007’ who took the world by storm with his chips This self-made multi-millionaire, who was among Forbes 50 richest Singaporeans in 2021, walks for an hour to get home from his workplace in Fusionopolis on mos…

Ho Kwon Ping, Royston Tan among official backers of Tharman’s presidency Prominent businessmen, former public servants, grassroots leaders and a filmmaker are among those who have thrown their support behind former senio…

Top Global sells two ground-floor retail units in 15 Scotts for S$31.08 million The buyer, jewellery store House of Hung, is currently operating out of Far East Shopping Centre, where a collective sale has been launched.

📊Corporate earnings round-up: 1. SIA Engineering Q1 net profit more than doubled to S$27 million 2. Mapletree Logistics Trust posts 0.1% rise in Q1 DPU to S$0.02271 3. Keppel Reit H1 DPU falls on higher property expense…

Fed set to raise rates to 22-year high and decide if it’s done hiking Federal Reserve policymakers are poised to hike interest rates to the highest level in 22 years, while retaining a tightening bias that signals the po…

GIC 20-year annualised return at 4.6%, highest in eight years GIC noted that 2022 was a weak year across most asset classes due to the rapid rise in interest rates, and increasing its portfolio’s resilience was a key foc…

Singapore biotech Mirxes files for Hong Kong IPO after raising US$50 million Until recently, Singapore-based Mirxes was caught between listing locally or overseas. The Series D funding values the company at around US$600…

High Court rules crypto asset holder has legally enforceable property right in landmark decision Case involves woman going on a luxury spending spree in 2022, including splurging S$3.7 million on a freehold penthouse apa…