The Business Times

Bentleys, Bitcoin and bungalow karaoke: Crazy rich Asians or red flags? They rock up to house viewings in Bentleys and Rolls-Royces, offering to pay in Bitcoin. Others contact real estate agents here from remote location…

Rolex and Patek keep falling as Cartier shines: Subdial Index The Rolex Daytona 16520, with a steel tachymeter bezel, was the best performer over 30 days, gaining 0.5% to trade at an average price of US$30,976.

#Brunch: Decarbonising heavy vehicles no small task – but worth the effort While cars and light-goods vehicles are going electric, the move for heavy-goods vehicles looks to have stalled - and they are the big polluters…

#PE2023: Highlights of Candidates’ Broadcast How will presidential candidates Ng Kok Song, Tharman Shanmugaratnam and Tan Kin Lian seek to bolster Singapore's future? Hear their strategies on unity, non-partisan governan…

Fall in Singapore’s factory output slows in July, down 0.9% Factory output fell 0.9% year on year in July, contracting at a slower rate than in the month before, as the key electronics segment bounced back into growth.

Hong Kong sushi restaurants brace for cost jump after Japan seafood ban Hong Kong is blocking purchases of seafood from 10 Japanese prefectures, including Tokyo. Violations of the ban are punishable by up to a year in ja…

Funding winter, higher costs complicate Bengaluru’s position as India’s Silicon Valley The decline in VC funding has meant that startups are “shuttling between (being) a cockroach and a unicorn”, said Sanath Kumar, CEO o…

New ETF referencing Vietnam’s 30 largest corporates lists on SGX It comprises companies such as Vietnam’s biggest listed property player Vinhomes, industrial machinery manufacturer Hoa Phat Group, and financial investmen…

US trading house sues Singapore firm over alleged nickel fraud US trading house Kataman Metals alleges it paid US$3.3 million for nickel from New Alloys Trading only to discover when it opened the containers that there w…

US Fed officials see rates close to peak, differ on how close One official says the US economy has not yet slowed enough to put inflation on a sustainable trajectory downward, which suggests the Fed may need to raise rat…

Singapore, Qatar boost cooperation in digitalisation, education, water-related research and more The Ministry of Foreign Affairs noted that Singapore and Qatar share similar challenges as small states and both can learn…

Parts of Tan Kin Lian’s broadcast speech cut due to inaccuracies about president’s role: IMDA, ELD He had inaccurately suggested that the president can provide guidance on investment strategies for Singapore’s reserves,…

Presidential candidates stress independence, unifying role in first official broadcasts Ng Kok Song and Tharman Shanmugaratnam both argued that the elected presidency is of growing importance, but for different reasons:…

#BTOpinion: Companies should review due-diligence practices in light of billion-dollar money-laundering case Past incidents have shown humans to be the weakest link, even when there is a robust system in place.

Sinopec among parties circling Shell’s historic Singapore oil refinery The refinery could be sold for a nominal fee, the sources said, though a buyer would take on the plant’s liabilities including possible carbon taxes,…

Expat influx from Hong Kong could support residential rents in Singapore: Savills On the dampening leasing activity in Singapore, Savills attributed it to global economic headwinds and its persistently high rents.

Tighter hedging rules from Q1 next year to limit risks for Singapore’s electricity retailers The regulator will soon require retailers to hedge at least 80 per cent of their contracted consumer demand on a rolling 24-mon…

Walkabouts, roundtable feature on second day of presidential campaigning Ng Kok Song, Tharman Shanmugaratnam and Tan Kin Lian, have engaged with the public by making walkabouts at local food markets and housing estates.…

Singapore issues up to S$2.8b sovereign green bonds at 3% The offer amount includes S$50 million of bonds that will be set aside for retail investors, who can begin to apply for the bonds from Aug 30.

Regional tourism growth may slow in H2, but China’s contribution to rise further The slow pace of recovery, economic slowdown in China and high airfares may impact momentum.

Shell mulls sale of Singapore refining, petrochem plants; appoints Goldman Sachs Shell is targeting spending cuts over the next two years to boost profitability while remaining committed to achieving net-zero emissions b…

🏦 In BT's latest Who's Who in Private Banking supplement , find out how AI is changing the landscape in wealth management, regions for opportunities and how wealthy strategies need to pivot amidst volatility. Read it to…

Grab narrows Q2 loss to US$135 million; expects earlier Ebitda breakeven This follows the company’s efforts to slash incentives for its platform workers and consumers, in a bid to turn profitable. Commentary: Could Grab…

#BTExplains: What happens to seized assets in the billion-dollar money-laundering raid? Who holds the assets? What happens after trials conclude?

COEs for bigger cars reach new highs, Open category premium rises to S$131,000 COE for smaller and less powerful cars finished at S$100,000, up slightly from S$99,499 two weeks ago.

#BTOpinion: Keppel Corp should use private fund to buy up undervalued Keppel Reit The move could endear Keppel Corp to investors and help it achieve its ambitious FUM growth targets.

HPL gave $24.6m in advances to entities in which Ong Beng Seng has deemed interest The company attracted the query as it posted an increase in “amount due from associates and jointly controlled entities” to S$56.5 millio…

Police seek documents from at least 9 financial institutions over billion-dollar money laundering case Prosecutors also argued that the accused should be denied bail, as there is a risk of collusion and evidence contamin…