The Business Times

IPO for Vietnam’s VNG may be tough sell in US Vietnamese Internet startup VNG has filed for a Nasdaq listing but its unique corporate structure, sluggish growth and fintech losses may turn investors off.

US lawmaker calls for ban on all tech exports to Huawei, SMIC after chip breakthrough The US Commerce Department should end all technology exports to Huawei and China’s top semiconductor firm following the discovery of n…

Record number of million-dollar flats sold in August; HDB resale volume jumps 20.3% 54 HDB flats changed hands for S$1 million or more, where the most expensive resale flat resold was S$1.48 million for a five-room unit…

Ministers Shanmugam, Vivian seek to serve defamation papers on Lee Hsien Yang via Facebook The lawyers, from Davinder Singh Chambers, stated that “substituted service by Facebook Messenger will probably be effective in b…

Fewer mortgage actions in courts as cooling measures, rising rates see more prudent borrowing The number of mortgage actions filed in court hit a five-year low last year. This comes as household net worth grew 8.9% year…

Malaysia could become South-east Asia’s preferred medical-tourism destination The gap between healthcare infrastructure in Malaysia and that in Singapore – long the preferred medical destination in South-east Asia – is n…

Singapore-based Wirecard whistleblower building platform for others like him “Since the Wirecard case happened, I have been always asking myself: ‘Why me? What’s the bigger purpose in exposing this company?’”

Big car COE prices continue record-breaking run in September to hit S$134,889 The price for Category B rose 3.8% or S$4,909 to S$134,889. It is a new record price for the category, eclipsing the previous highs.

Gloria Lee, founder of Kim Eng Holdings, passes away at 97 Gloria Lee founded stock brokerage Kim Eng Holdings, which became Singapore’s first listed broker in 1990.

#BTOpinion: Execution and key man risks in HPL’s plan to redevelop Orchard Road properties A huge cloud hangs over HPL’s most senior executive: Ong Beng Seng. This key man risk would be resolved if Ong were to sell his s…

Suspect’s seized assets in money-laundering case include 10 Canninghill Piers units; those charged to be remanded further Su Haijin was also slapped with a money laundering charge, which referenced S$4 million in a UOB b…

Singapore tax collection up 13.1% to S$68.6 billion in FY22/23 reflecting recovery from Covid-19 Individual income tax revenue increased to S$15.5 billion. It is IRAS’ second-largest source of tax revenue, where 83% came…

Economists cut Singapore’s 2023 growth forecast to 1% on weaker manufacturing: survey For the full year, the most likely outcome is for the economy to grow between 0-0.9%.

‘Grab the opportunities, ride the storm,’ says CDL’s Kwek Leng Beng “In the years to come, I would like CDL to have more presence in many parts of the world. I think there are opportunities, but all we need to do is to g…

Grab and Singtel’s digital bank gets approval from Bank Negara Malaysia to begin operations GXBank has successfully completed an operational readiness review, and has been approved to commence operations from Sep 1.

Household net worth grows further in Q2, rising 8.9% as liabilities fall This comes as household debt dipped further, with mortgage loan value falling off amid the current higher interest rate environment.

🏆 BT team wins Experiential Treat prize at SGX Orb Awards Congratulations to our BT team! Their winning work - “The rise of the Singapore CSO” which delves into the wave of appointments of chief sustainability officers…

#BTOpinion: Non-binary gender disclosures: Indirect benefits outweigh ‘wokeness’ discomfort The overall trend is that investors are seeking more disclosures on diversity metrics from companies, despite backlash that thes…

Toa Payoh site for 775 units expected to draw firm interest, cautious bids A market watcher said developers will be drawn to this site, given the limited new private home supply in the area and the appeal of Toa Payoh as…

MAS bans ex-Goldman banker Roger Ng for life He was sentenced to 10 years in prison in March this year, after being convicted in the US in 2022 for conspiring to launder billions of dollars misappropriated from 1MDB betw…

Asean’s economic integration needs to be extended to digital and green sectors: PM Lee Singapore Prime Minister Lee Hsien Loong said that the digital and green economies are new growth areas, and urged leaders to move qu…

Why China hasn’t unleashed the ‘bazooka’ option to rescue its economy Beijing isn’t pulling out a “bazooka” stimulus package like it did during the global financial crisis in 2008-09, or even when the pandemic hit in 202…

Singapore firms stick to their guns as they continue to eye China for growth Entrepreneur Roy Kee is taking advantage of the lower cost of doing business as the yuan slump continues.

Tharman’s presidential victory not a harbinger of next general election His resounding victory suggests that voters did indeed take a non-partisan view – which makes it hard to make any assumptions about sentiment ahead…

Are low fees a kiss of death for robos and advisory firms? What can other wealth firms with low-fee or commission-free models learn from the failure of robo advisery MoneyOwl?

Lucky 13: Singapore listcos that post 5-year dividend growth of over 10% Should you be loading your portfolio with names from this list of dividend growers? Only if those dividends are sustainable, analysts say.

PODCAST: Samuel Rhee, chairman of Endowus, shares how you can steel yourself to stay invested and not end up a loser in the markets (FYI, this podcast episode might make you feel called out). #moneyhacks #btpodcasts List…

#BTOpinion: What if the latest Lentor housing site sells for well below nearby plots? That’s no bad thing Sure, selling prices of new private homes are largely dictated by market appetite at the time of launch. Still, ch…