The Business Times

Assets seized from Su Haijin swells to S$170 million; prosecution notes ‘substantial wealth overseas’, 3 other passports Su was also found to have “substantial wealth overseas”, including the 38 Oxford Street property in…

Tokyo: The big city where housing is still affordable Can urban areas worldwide learn from Tokyo's model of affordable housing in high-density locations, fostering economic diversity and vibrant communities?

Olam confirms bond posted for director of Nigerian unit amid police probe It is reported that Olam Nigeria paid a “huge” and “humongous” bail bond of one billion nairas (S$1.9 million) to secure the release of Prakash Ka…

Global economy to ‘catch its breath’ in Q4 as monetary policy weighs on demand: BNP Paribas BNP Paribas latest report predicts a future mild US recession, economic stagnation in the Eurozone, and slower recovery in China…

Pair sought S$1.2m refund for aborted condo deal, court rules developer entitled to forfeit S$380k Wingcrown Investment, a unit of listed developer Wing Tai Holdings, said it was contractually entitled to keep the S$380,…

Apple’s iPhone 15 debut includes higher price on top model Apple introduced its latest iPhones on Tuesday (Sep 12), banking on new materials, camera upgrades and improved performance to coax back consumers in a sluggish…

Most companies plan to keep employment stable despite pessimistic economic outlook: SBF survey The most pessimistic companies were in information and communications and professional services, as well as retail, hotels an…

Developers take cautious stance at land tenders for Lentor, Woodlands housing sites A state land site in the Woodlands area saw interest from six developers, with City Developments Ltd (CDL) putting in a top bid of S$294…

HSBC, Morgan Stanley among creditors as money laundering probe expands to associates Business filings of Singapore-incorporated companies linked to 24 persons, identified by the authorities as associates of the charged,…

Singapore F1 attendance down, but hotel takings may still exceed 2022 levels The increase in foreign attendees has led to higher room rates, which are slightly more than 10% higher compared to last year's.

How this bank is supporting clients on their sustainability journey BRANDED CONTENT: It goes beyond environmental impact to offer more diverse and competitive sources of funding. bt.sg/SksX

GlobalFoundries opens US$4 billion expanded fabrication plant in Singapore With the expanded 23,000 square metre site, the US chipmaker is set to create 1,000 jobs in Singapore.

Ride-hailing platform Ryde files for US$17 million IPO on NYSE The local startup had registered recurring losses and sustained net losses of S$5 million in 2022, and of S$1.2 million in 2021.

#BTOpinion: New HDB Plus flat segment could be a boon for young seniors Those in their 50s and early 60s who sell their private homes to buy such units can save on purchase costs from not needing to compete with certain…

SGX listcos post 16.7% higher quarterly profits in April-June quarter The local banking trio topped the earnings tally, with national carrier Singapore Airlines just behind.

UBS to cut at least 100 wealth jobs in Asia UBS is set to eliminate roles including relationship managers in Hong Kong and Singapore, the majority within teams newly acquired from Credit Suisse.

Hoi Hup, Sunway clinch keenly contested Tengah EC site for S$348.5 million Winning bid of S$703 per square foot per plot ratio (psf ppr) marks a record high for executive condominium land.

Singapore banking veteran Elizabeth Sam dies at 84 She was among the first women to join the Administrative Service in the 1960s and was later the chief manager at the Monetary Authority of Singapore.

PODCAST: HPL stock price went up when news of the redevelopment of its Orchard Road assets came out, but it was brought back down by a corruption investigation. So what does this mean for its shares? #mark2market #btpodc…

China’s Gen Z is trying to leisure-shop way out of jobless blues The jobless rate for those aged 16 to 24 hit a record 22 per cent in June before authorities halted the data – stoking concerns the real number could be ev…

VinFast’s buzzy Nasdaq listing puts spotlight on Vietnam’s manufacturing capabilities Can VinFast, Vietnam's leading EV maker with a skyrocketing Nasdaq debut, overcome net losses and mixed reviews to dominate the rapidl…

#BTOpinion: F1 weekend a bonanza for hospitality plays Hotels like Fairmont Singapore and Pan Pacific Singapore are offering luxurious track-facing rooms for as high as S$1,580 per night.

New S$500,000 funding for Singapore’s only student-led venture fund training programme The Marina & David Su Protege Ventures Fund II will allow for more investment in such startups founded by students or recent graduate…

Olam denies media reports of US$50 billion Nigerian forex fraud, sets up review Olam also allegedly funnelled US$34 billion into the Central Bank of Nigeria through its special purpose vehicles as capital importation at…

Rice prices surge, but restaurant operators see limited impact for now Market watchers said the price jump was likely due to the authorities in Thailand encouraging farmers to switch to crops that require less water – in…

‘Multilateralism is yet alive’: PM Lee urges G20 nations to reform WTO, development banks PM Lee urges G20 countries to reform multilateral institutions & address global development challenges with an emphasis on innovat…

Mak Swee Wah joins Sats board following retirement from SIA Mak, 63, owns 21,235 ordinary shares of Sats amounting to a 0.001 per cent stake in the company.

Asia’s aviation recovery lags rest of world, but return to pre-Covid levels expected by 2024 Despite delayed border reopening & associated challenges, industry experts predict China & India to drive a return to pre-pande…

Money laundering probe sparked by suspicious transaction reports, not external pressure: Shanmugam “Just because a country says arrest so-and-so doesn’t mean we go and arrest. It’s got to be illegal in Singapore."

Over 5,000 new homes could rise from 3 new Tanjong Rhu plots on city fringe Provisions have also been made for roads to be widened in the future to serve the new homes in the area.