The Business Times

✍️Editorial: Giving shareholders a say on pay Perhaps one way to appease shareholders is to cap executive salaries at a multiple of the wages of the lowest-paid worker, or at least to disclose this multiple.

MAS trials single QR code to rule them all Under SGQR+ test, a merchant which signs up with a single financial institution will be able to accept all payment schemes.

#BTOpinion: Suggested ways to lower or raise Additional Buyer’s Stamp Duty for greater equity As the luxury end of the local property market has weakened in recent months, there may now be room to woo some of these forei…

‘There is no such thing’: OK Lim rejects statements of former accounts, contracts staff Lim disagrees with statements by former staff: “I have no involvement in accounts; I do not understand accounts. I did not tell her…

HDB’s deficit for FY2022 widens to record S$5.4 billion Some S$4.7 billion was spent on the Home Ownership Programme to develop BTO flats - up 22% from FY2021.

Markets brace for hawkish message as US Fed meets; some analysts see hike in December At its meeting this week, Fed officials are expected to vote for a second pause in the rate-hike cycle.

National Wages Council proposes 5.5% to 7.5% pay raises for lower-wage workers The new guidelines apply to employees earning a gross monthly wage of up to S$2,500.

Mary Chia’s subsidiary to liquidate celebrity hair salon VS Monsoon Due to Monsoon Hairdressing’s “persistent inability to meet its financial obligations in a timely manner”, M2 group will stop allocating further capital…

#BTOpinion: Grab’s search for inorganic growth may be curtailed by anti-competition concerns If Grab owned the Trans-cab fleet, it could affect Trans-cab drivers’ use of rival ride-hailing platforms, which may create bar…

GoTo drops plan for international IPO, reports lower losses for Q3 2023 GoTo’s CEO said the company’s cash position remains strong with ample liquidity, and that it has no immediate need for further external funding.

Instant-coffee maker Food Empire’s potential dual listing may not mean instant success Without significant operations in East Asia, it might find it difficult to stir up interest in the Hong Kong market, where it is expl…

🎙BT Future of Finance: Fostering employee pride is the UOB Way (Ep 5) As the future of work evolves, how can organisations attract, retain and future proof their talent pipeline? Dean Tong, UOB's head of group human res…

Property auction listings rise 24.4% in Q3 despite economic uncertainties: Knight Frank Fresh auction listings continue to attract prospective buyers, especially “those who had been following the market long enough to to…

Early-bird tickets for F1 2024 sold out, says race organiser Sales of regular priced tickets will start at 10 am on Nov 1, ahead of schedule.

S-E Asia continues to feel the heat from US dollar’s hot streak The Malaysian ringgit dropped to a 25-year low since the Asian financial crisis in the late 1990s, reaching 4.777 to the US dollar last Friday (Oct 27).

OK Lim takes stand; says family oil trading business had ‘left pocket, right pocket’ model Speaking in Mandarin through an interpreter, Lim Oon Kuin said funds might be sent from one of his companies to another as assist…

Johor-Singapore Special Economic Zone MOU to be signed in January “In an increasingly uncertain post-pandemic world, we need to enhance our cooperation, in particular our economic links and our people-to-people ties,” PM…

Singapore’s growth set to improve in second half of 2024: MAS Resident nominal average monthly earnings growth is expected to “fall considerably” as nominal GDP growth declines and bonus payments normalise after an atypi…

F1 race sent Singapore hotels’ average room rate, takings to record highs in September Singapore hotels’ average room rate surged in September to reach a record S$325.24, surpassing the previous year-to-date peak of S$29…

#BTOpinion: Does MAS, IMDA’s phishing scam framework protect small consumers or big corporations? Making consumers responsible for transactions they did not authorise may erode their trust in the banks.

Singapore’s biggest money laundering probe reveals web of corporate links, some more than 6 years old Suspects in Singapore’s S$2.8 billion money laundering case have been incorporating companies in the country since Jan…

Room for more ambitious market regulations Rather than wait for the market to be ready to change, it may be more fruitful to aim at a desired level of progress and then help the market to keep up.

#BTLifestyle: Elevate your Halloween with classier, more refined scares On Oct 31, Halloween night, Candlelight will deliver its creepiest concert yet with the music of Tim Burton’s movies.

#BTLifestyle: Thriving pottery scene takes centre stage There is growing interest from homeowners, including young couples, looking for one-of-a-kind tableware and affordable original artwork and collectables.

Making the Trifecta of board sports a reality in the tropics Billed as the world’s first snow, surf and skate attraction, the 49,611 square-foot facility in the heart of Orchard Road is the brainchild of three enterprisi…

Ascott looks to develop revenue streams beyond rooms, grow luxury offering “We pride ourselves on being a global company born in Singapore. There are still a lot of opportunities out there – we haven’t really gone very d…

With home prices in prime central London falling, cash-rich buyers go hunting for bargains Investors from Singapore have a sizeable advantage, with the pound falling to a historical low against the Singapore dollar of ar…

Lendlease hunkers down amid headwinds, seeks ‘selective’ growth opportunities Lendlease’s Asia CEO Justin Gabbani said the group intends to focus on its existing projects – rather than take on new ones – to maximise valu…