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The Business Times

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South-east Asia's leading financial news site.

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Пости за Жовтень 2023

309 публікацій

Case launches accreditation scheme for e-commerce businesses Case's new accreditation scheme comes on the back of 1,703 complaints involving online purchases in the first half of the year to Jun 30, up 54% from the year-…

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[BREAKING] Flash Coffee’s Singapore business shutters, files for winding up The company was placed under provisional liquidation on Wednesday. This comes five months after Flash Coffee said it raised US$50 million.

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Former GIC Japan head investing US$1.4 billion to build luxury ski paradise near Tokyo Ken Chan, the former Japan head of GIC, wants to transform Myoko Kogen into a luxury paradise to rival Aspen and Whistler.

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Grab’s 70% tumble shows the limits of Singapore’s tech dream Grab's rough journey and struggles shows why some venture capitalists were premature in calling Singapore the Silicon Valley of Asia.

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Investors to focus on finance costs, operational resilience as S-Reits report Q3 results Analysts are bullish on the hospitality sector but are more cautious about the office segment.

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Singapore keeps monetary policy unchanged in October; to switch to quarterly schedule in 2024 Singapore’s headline inflation is also newly forecast to slow to a range of 3-4% in 2024, and core inflation to a range of 2.5…

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Singapore economy grows 0.7% in Q3, 1% sequentially: MTI flash estimates Singapore's economy grew 0.7% year on year in Q3 2023, an improvement from Q2’s 0.5% year on year growth.

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Ant, Tencent ride tourism recovery to capture cross-border payments Making payments in China as a foreigner has long been a pain point. Cash is sparsely used, with nearly all stores taking QR payments via Alipay or Weixi…

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🎧 BT Future of Finance: AI can cover human bias and emotions in investing Can AI really manage your money safely - can you trust it to make those big financial decisions? More from Abel Lim, UOB's head of wealth managem…

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Singapore must maintain racial and religious peace, stay vigilant amid Middle East conflict: Shanmugam “We have to stay vigilant. Terrorist groups will try and exploit such conflicts,” he said, flagging their calls for f…

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Financial woes ground Malaysian budget airline MYAirline abruptly The setback for the promising low-cost carrier comes days after CEO Rayner Teo’s shock resignation earlier this week.

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Latest 6-month T-bill offers 3.87% cut-off yield after spike in last auction This is down from the cut-off yield of 4.07% offered in the last auction for the six-month T-bills, which several analysts noted was an anomaly…

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Resale price growth slows in more HDB towns in Q3: OrangeTee Sengkang may be the next town to see a flat crossing the million-dollar mark, with 10 units transacting for at least S$900,000 so far, says an observer.

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Singapore-Thailand economic relations are substantial; bilateral trade reaches S$42.1 billion in 2022: PM Lee Singapore was also the second-highest source of foreign direct investment into Thailand for the first half of…

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Goldman Sachs sues Malaysia as 1MDB settlement dispute escalates Executives at Goldman Sachs are increasingly frustrated with Malaysia's demands to redo its existing 2020 pact in favour of more onerous penalties. ➡️Malay…

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Singapore, US to step up cross-border efforts against scams Singapore's IMDA and the US Federal Communications Commission (FCC) have inked a MOU to strengthen cross-border efforts to combat solicited and unlawful communi…

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Singapore lags as Asia-Pacific travel in year-end peak period shows uneven recovery Air ticket bookings into Singapore for the fourth quarter show that it is 28% below pre-pandemic levels.

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Prosecution to be ready to proceed with charges against Su Haijin if investigations not finished within 8 weeks This was the outcome of a pre-trial conference held on Wednesday (Oct 11).

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Creative Technology files notice of 3 straight years of losses But it meets the financial entry criteria to avoid being placed on SGX's watch list, as its six-month average daily market capitalisation was S$110.3 million…

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Amazon, Nanyang Poly give leg-up to Singapore entrepreneurs going overseas The agreement will benefit around 800 Singaporean entrepreneurs and SMEs.

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MOM to raise standards for around 1,000 migrant worker dormitories by 2030 By 2040 under MOM’s new dormitory standards, no more than 12 residents will be allowed to occupy each room and there will be a 1 m spacing betwee…

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Heartland businesses go cashless, but teething problems remain Intermittent internet connections are an issue, with one micro-retailer noting that “sometimes there’s no connection and customers tend to have difficulty pr…

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Bank of Singapore aims to be major player for financial intermediaries in Asia “We are a regional name, and we are a Singaporean bank, but we have big ambitions to be a global investment allocator for clients,” says CEO…

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▶ відео

🎥 The 4% interest rate floor for CPF Special, MediSave, and Retirement accounts has been extended for another year. How are CPF interest rates determined? Watch the full video.

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EnterpriseSG launches 18th Global Innovation Alliance node in New York Singapore startups hoping to expand in the US can now tap the Global Innovation Alliance node, which has been extended to New York City.

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ESG loses some shine among Singaporeans, poll finds “Singaporeans are pragmatists at heart, and continue to prioritise financial security, health and food security over environmental concerns,” notes an ESG report.

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Singapore’s biggest car show is back this weekend For each purchase of any brand-new or pre-owned car at The Car Expo, buyers stand to receive up to S$1,000 worth of Singapore Petroleum Company cash vouchers.

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#BTOpinion: Staying listed in the US could prove to be a rough ride for Singapore companies While the prestige of being listed on Nasdaq might be dazzling, the reality is that some Singapore companies fail to raise adequ…

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Singapore companies’ love affair with Nasdaq continues despite post-IPO heartaches Tech-enabled startups Ohmyhome and Simpple's recent listings raised less than US$20 million combined, and neither have performed well sin…

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Application rate for October BTO exercise ‘underwhelming’, lowest in recent years 9,848 applicants applied for 6,800 new BTO flats, translating to 1.4 applicants for each available unit, the lowest rate in recent years.

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