The Business Times

#BTOpinion: This year’s hottest tech IPO may be a transportation firm: Alibaba’s Cainiao The logistics spinoff fits into a unique slot between tech and non-tech to warrant closer inspection by investors.

Short-term pain could make way for long-term gain in prime condos While cooling measures dampen near-term prospects, the Core Central Region (CCR) offers an interesting value proposition and potential margin of safety. �…

Oil races towards US$100, but party may not last ‘all night long’ Crude prices are a hair’s breadth away from the magic mark of US$100 a barrel after a four-month rally as oil demand far exceeds supply.

Fore Coffee CEO sees Singapore as stepping stone to global expansion Indonesian coffee startup Fore Coffee is set to open its Singapore store on Nov 9 - the second Indonesian coffee chain to enter the Singapore market th…

#BTLifestyle: Starchitect Kengo Kuma’s first public project in Singapore is new Japanese restaurant Suzuki. Is it as good as it looks? Suzuki is sushi-first and kappo/kaiseki second, with lunches at S$160 and S$220 befor…

Money laundering accused Vang Shuiming denied bail; associates’ assets also under probe Police are currently investigating his three associates with around S$412 million worth of assets. One of these associates is Vang’s…

URA earmarks land in Bedok and Woodlands for up to 2,000 new housing units While any HDB project built on the Bedok plot will be close to the Bedok North MRT station, it is unlikely to be a Plus flat, say industry player…

Three Arrows co-founder Zhu Su arrested at Changi Airport, sentenced to 4 months’ prison He was apprehended at Changi Airport whilst attempting to travel out of Singapore on Friday afternoon.

LVMH CEO under investigation for money laundering Billionaire Bernard Arnault, chairman and CEO of luxury empire LVMH, is under investigation for activities in Courchevel, a ski resort in the French Alps.

Water efficiency efforts should mitigate price hike’s impact on major manufacturers One beverage manufacturer expects its water costs to rise by S$1,000 to S$2,000 in operating costs per month with the upcoming water pri…

#Brunch: Turning point for the taxi industry? If Grab’s takeover of Trans-Cab is approved, it could use the resulting taxi licence to drive down costs amid skyrocketing COE premiums.

NTUC unveils renewed workers’ compact in response to shifting societal, technological norms NTUC is looking at how to better support workers as Singapore transits into a “super-aged” society with evolving priorities, sai…

Singapore’s total population up 5% to record high of 5.92 million as at June Singapore's citizen population increased by 1.6% to 3.61 million as at June, whereas the PR population rose 3.7% to 540,000 over the same perio…

Singapore household electricity, gas bills to rise as tariffs go up in Q4 SP Group and City Energy attribute the rise in tariffs to higher energy and fuel costs.

Genting Malaysia poised for upside as frontrunner for one of three New York casino licences Genting Malaysia’s Resorts World New York City and MGM Resorts are seen as strong favourites to win full casino licences in New…

Cost-of-living package leaves out firms; not sustainable to ‘permanently subsidise’ them: Lawrence Wong “What’s important for businesses is to continue to restructure, continue to focus on moving up the value chain, be m…

#BTOpinion: Is it time to stop bingeing on real estate? No amount of new homes may be enough, no matter how hard the authorities increase supply, if Singaporeans continue to display an insatiable appetite for property. �…

#BTLifestyle: The priorities, purchasing habits and pain points of millennials “In the past, I’d just buy for the sake of buying. But I realised, ‘what’s the point?’ There are other things to do.” In the face of inflatio…

Singapore’s vanishing S$3 chicken rice stokes inflation angst Prices of everything from satay skewers to seafood noodles have risen over 12% in the past two years.

Mubadala in talks with Temasek for stake buy in India's Manipal Hospitals Mubadala is holding talks with Temasek, which spent US$2 billion in April to raise its stake in Manipal to 59% from 18% in the biggest hospital se…

Far East Shopping Centre tender awarded with conditions to Bright Ruby-linked entity for about S$910m The collective sale of Far East Shopping Centre has been awarded to a company linked to Bright Ruby Resources and Chin…

Singapore biotech startups face funding drought, in search of patient capital “There have been droughts before, but never anything as long as this – 2022 was one of the worst years on record for biotech,” says an industr…

Yield on latest Singapore 6-month T-bill jumps to 4.07% It is the first time that yields have crossed the 4% mark since January.

A brave new world for HDB buyers and sellers For sellers of the new Plus and Prime flats, the stringent resale conditions may limit potential upside, making it more difficult for them to climb the property ladder eventua…

Pure Fitness and Pure Yoga’s Suntec branches to close Oct 8 due to insufficient members Pure Group said membership acquisitions at Suntec City “proved challenging” in spite of “multiple efforts and campaigns to drive awa…

Temasek’s True Light achieves close of US$3.3 billion for fund focused on Greater China True Light’s chief executive Yeo Chee Kian expressed confidence in the resilience of the Chinese economy, and remains positive about…

[BREAKING] S$1.1 billion support package with cash, vouchers, rebates to help Singaporeans with rising costs While inflation has come down from its peak, households are still dealing with the impact of price increases in…

#BTOpinion: Sevens Atelier, VCPlus turn spotlight on how boards should respond to CAD, MAS probes Boards will have to think long and hard about removing individuals who are crucial to the functioning of the company’s bus…