The Business Times

A massive year for Rolex A sleek new dress watch, quirky multi-coloured dials and emojis are some of our favourite highlights from the brand this year. #Businessoftime2023

BYD keeps its lead in Singapore EV sales; BMW overtakes Tesla in Q3 “BYD vehicles have been popular for offering good value for fleet users such as (private-hailing vehicles) and taxis," says an industry watcher.

#BTLifestyle: Sparse crowds, sweater weather, good food: Greece checks all the boxes An end-of-year holiday in Greece is certainly worth a try for what it offers: good food, an innovative drink culture, and a slower pace…

#BTLifestyle: Awesome mapo tofu and redefined Sichuan cooking at new Chinese restaurant Kun The mapo tofu is a must-have: minced Angus beef short rib cooked in familiar spicy bean paste gravy but enriched with grated par…

Signs of stabilisation and balance seen as Singapore private home prices, rentals rise 0.8% in Q3 Take-up rates for new private residential launches are generally lower than last year’s as buyer fatigue and resistance to…

What makes watch collectors tick In an age of mass production, luxury watch collecting is a rebellion against the throwaway culture. Find out more in our annual watch supplement: The Business of Time 2023.

#BTExplains: Singapore’s NODX and factory output have been sliding. What does that mean for the economy? Singapore's non-oil domestic exports, a key indicator of the health of its trade-reliant economy, fell for the 12th…

Li Keqiang (1955 - 2023) : A moderate voice who advocated for economic reform Li Keqiang's efforts to deleverage enormous debt burdens built up under China’s vast stimulus programmes after the 2008 global financial crisi…

[INFOGRAPHIC] Money laundering case spins a layered web 10 suspects, 35 companies and S$2.8 billion. BT unpacks the connections in what's deemed by prosecutors to be 'one of the most serious, if not the worst' money laun…

ComfortDelGro invests US$2 million in mobility platform Drive lah CDG will progressively supply up to 3,000 vehicles for the platform’s operation in Australia as the car sharing platform’s fleet partner, starting with Sy…

#Brunch: Putting the shine back in Japan’s cultured pearls With pearl production declining 90% in the past decade due to global warming and workforce shortage, Ise Shima's tradition-bound cultivated pearl industry is now…

Condo, HDB rental volumes continue to fall in September: SRX, 99.co Year on year, rents for HDB flats are up 18.2% while condo rents rose 13.9%.

#SGBudget2024: Forward Singapore report outlines 7 key policy shifts; details to come in Budget 2024 The shifts include respecting and rewarding every job, such as by reducing wage gaps, and supporting families, includin…

Fragrance Group boss bags two industrial buildings for S$101 million Fragrance Group founder and chairman James Koh is paying S$61 million for a five-storey property in the Upper Paya Lebar-Bartley area.

HDB resale prices up 1.3% in Q3; sales rise 2.8% For four-room flats, the highest median price was recorded in Queenstown at S$928,000. ➡️Singapore private home prices, rentals rise 0.8% in Q3 bt.sg/SJAT

China’s former premier Li Keqiang has died: state media China's former Premier Li Keqiang has died of a sudden heart attack aged 68, state media said on Friday (Oct 27).

Good Class Bungalow rentals slip following money-laundering scandal GCBs that once commanded between S$40,000 to S$80,000 in monthly rent now see a 10-20% fall in asking rents.

Pre-Covid visitor levels expected for Orchard Road Christmas light-up; event to be more sustainable: Orba This year’s light-up is expected to draw five million to six million visitors, matching previous pre-pandemic turn…

Loss-sharing framework for banks, telcos should adapt to keep pace with evolving scams Experts say that consumers will need to be more vigilant as FIs and telcos will now be less likely to offer the “safety net” of goodw…

UOB expects fee income to be bright spot as loans stay muted, costs catch up UOB has invested heavily – S$800 million over the past eight years – to build its regional payments, trade and cash networks; and it has starte…

Australia arrests Chinese money laundering suspects who lived the high life with private jets, luxury cars, homes The Chinese syndicate Long River allegedly ran the Changjiang Currency Exchange secretly and used it to la…

CapitaLand’s J’den to start preview at prices from S$2,100 psf The 99-year leasehold project is a redevelopment of the former JCube, a leisure and edutainment mall in Jurong East.

Latest 6-month T-bill cut-off yield up at 3.95%, demand falls This is higher than the last issue – which had a cut-off yield of 3.87%, but lower than the cut-off yield of 4.07% offered in September.

📍Last call to all Gen Zs! Is work giving you stress and anxiety? This Mental Health Awareness Month, join BT's Thrive team as they chat with professionals including career and life coaches on managing anxieties and movi…

Condo resale volume falls 18.4% in September; prices climb: SRX, 99.co The most expensive resale unit transacted in the month was S$32 million for a unit at Goodwood Residence.

Singapore retrenchments hit 4,100 in Q3, highest since Q4 2020 This brings year-to-date retrenchment figures to 11,120 – a near doubling of the 6,440 recorded in the whole of last year.

Will Gojek exit Singapore? Reducing its cut from drivers could be a prelude The cut in driver commission rates will “intensify losses” for Gojek and the business case for it to operate in Singapore remains “weak”, say an…

Soaring COE prices may become roadblock for China’s passenger EVs in Singapore Singapore buyers tend to be brand conscious, notes a market watcher. But if the COE of a car alone exceeds S$100,000, the value-driven buyers…

UOB posts 1% lower Q3 net profit of S$1.4 billion on acquisition expenses Notwithstanding the one-off expenses, the bank's core net profit was S$1.5 billion.

#Emergingenterprise2023: Greener alternatives make for good business From plant-based protein to recycling waste tyres, these Emerging Enterprise Sustainability Award finalists offer sustainable options across the value…