The Business Times

Judge questions future viability of Violet Oon Inc if it is not bought over or wound up This is especially after Murjani had essentially called Oon’s son, director of operations Tay Yiming, “a thief” in an earlier writte…

Eased restrictions on GXS, MariBank indicate maturing digibank sector: observers MAS’ lifting of the deposit caps signals that it “is happy with the development of the digital banks so far”, says an industry watcher.

Marina Bay Sands Q2 net revenue up 36.2% to US$925 million Marina Bay Sands reached another record level of mass gaming revenue for the second quarter, with revenue from casinos continuing to be the main driver, rising 2…

Foreigners must get approval to buy ‘commercial and residential’ land, properties: MinLaw, SLA This follows changes to the Residential Property Act to “safeguard residential land for Singaporeans”, the Ministry of Law an…

#BTOpinion: SIA’s net-zero path is not an easy one The only way to reduce emissions in the long term is to switch from fossil fuel to sustainable aviation fuel, but it’s tough to pass the cost of the much more expensive…

Temasek seeks partnerships to deploy US$5 billion a year in India Temasek has been ramping up investments in India in the last five or six years, buoyed by the performance of its own portfolio, attractive demographics an…

Keppel and consortium break ground for Singapore’s first hydrogen-ready co-generation plant The Business Times understands that this is the first power plant to be announced in Singapore in seven years.

MariBank to join GXS in opening savings accounts to public, with S$75,000 limit The move indicates that the Monetary Authority of Singapore has raised the S$50 million deposit cap imposed on GXS.

Small-car COEs dip, other categories hold steady The price for Category B fell by S$1, a negligible percentage, to S$118,001.

As retail leasing guidelines become law, tenants want more data from landlords Fine-grained footfall and rental data can help tenants assess if they are paying fair rents, and give them more negotiating power, say retail…

Some S$1.5 million of reparations under contention based on Oon family’s total salaries: defendant Business partner Manoj Murjani sought reparations in 2019, as the Oon family had allegedly increased its own salaries wit…

WP’s Leon Perera and Nicole Seah resign from party over affair, Perera steps down as MP Workers' Party (WP) members Leon Perera and Nicole Seah have stepped down from the party, chief Pritam Singh announced on Wednesday…

Auditor-General flags public agencies’ lapses in procurement, disbursing grants It noted lapses in the evaluation and award of three tenders at the People’s Association, as well as “inappropriate money management practic…

Concerns about integrity’ prompt former GIC investment chief Ng Kok Song to seek presidential candidacy Ng Kok Song, who is now co-founder and chairman of Avanda Investment Management, arrived at the Elections Department…

Sakae chairman to sell 20% stake in company for S$26.5 million If the proposed sale is completed, Douglas Foo will remain as executive chairman and controlling shareholder with about 46.15% of the company’s total number…

ComfortDelGro unit wins six-year contract to operate rail services in Paris ComfortDelGro said this marks its first foray into France’s rail operations market, and is the first such move by a Singapore company.

Laguna National Club owes creditors S$69.7 million, assets far short of sums owed The club has only S$699,433.05 in estimated realisable assets, or 1% of its debts, BT has learnt.

Singapore developing software with ChatGPT-like features for public sector The government is building a suite of productivity tools for the public service that can help with writing and coding, similar to the popular cha…

Workers’ Party leaders aware of affair between Leon Perera and Nicole Seah in early 2021: Sources Perera was mentoring Seah at the time, and while it was expected that they would be spending more time with each other, so…

✍️Editorial: Upholding the Singapore system Bad for business: While the stock market has not crashed and business investments continue apace, Singapore cannot afford many more scandals before the confidence is undermined…

Tan Chuan-Jin resigns as president of Singapore National Olympic Council Tan Chuan-Jin has been SNOC president since 2014 and he was re-elected unanimously in September 2022 for a third term from 2022 to 2026.

Singapore semiconductor stocks poised to ride AI boom as key links in supply chain: analysts While Singapore semiconductor companies may not produce the chips that power AI applications, their roles in chip supply chains…

Taylor Swift sets women’s record for most number one albums No more blank space left on her list of impressive accomplishments - Taylor Swift just overtook Barbra Streisand for the most No. 1 albums for a female artist.

China property giant Evergrande loses US$113 billion over two years The loss showed “the existence of material uncertainties that may cast significant doubt on the Group’s ability to continue as a going concern”, Evergra…

TA Corp unit unable to pay debts; appoints provisional liquidators Tiong Aik Construction is currently experiencing an acute tightening of cash flow arising from difficulties in collecting payments and retention monies.

Singapore should maintain or improve EV incentives to meet clean-transport goals: analysts With electric vehicles at only 1.3% of the car population, the aim of switching entirely to cleaner-energy vehicles by 2040 is st…

10 S-Reits which outperformed in H1 Outperformance was driven across specialised, healthcare and hospitality sub-sectors at 7.5%, 5.2%, and 4.1% total returns respectively.

SIA Group flies 2.9 million passengers in June; passenger load factor at monthly record The group’s passenger load factor last month hits a monthly record of 90.6%.

Singapore politicians who stepped down over affairs Several other politicians have resigned in the past, following news of similar inappropriate relationships. Here's who they are and what happened subsequently.