The Business Times

Major money laundering cases around the world From the 1MDB scandal to the involvement of Singapore’s banks in the Wirecard affair, here's other noteworthy money laundering cases unearthed over the years.

#BTLifestyle: Luxury lipsticks as new status symbols: paying top dollar for lip colours in designer cases Fancy paying S$730 for a lipstick? Luxury brands are charging over S$100 for a lipstick, but is it worth batting a…

#BTLifestyle: Turning a Balinese-style house into a modern resort home “When it rains, it’s really nice,” says the owner of the Namly View home. “It’s beautiful to see the rain falling on the pool, the trees.”

#BTLifestyle: Haute hawker fare at JustIN Justin Quek’s new restaurant serves everything from foie gras to Hokkien noodles. Convenient, comfortable and food you don’t think too much about.

Two operators team up to offer largest EV charging network covering both sides of Causeway Malaysia's largest EV charge-point operator Yinson GreenTech partnered Singapore charge-point operator ComfortDelGro Engie to off…

URA eyes rezoning of one-north land parcel as residential, and intensification of land use in several sites Mogul.sg chief research officer Nicholas Mak said the Media Circle site could yield 280 to 310 condominium units…

Intra-Asia trade, investment flows will shape South-east Asia’s future: OCBC CEO Citing Apple’s shift of its iPhone production away from China as an example, the former chairman of JSR Corporation proposed that such deco…

#Brunch: When money laundering leaves a stain on the economy As Singapore seizes S$2.8bn in the "Fujian Family" probe, IMF suggests laundered capital could reach US$2trn a year, inflating real estate prices and creating…

Singapore’s digital economy contributed 17.3% to GDP in 2022, up from 13% in 2017: IMDA Key sub-sectors that drove growth were games, online services and e-commerce, all of which registered double-digit CAGR of up to 70…

These are the cities where hotel rates are rising fastest Buenos Aires takes this year’s crown, with rates that are set to jump by 17% year over year while Mumbai takes second place.

Yinson GreenTech, ComfortDelGro Engie launch largest EV charging network across the Causeway The two charge point operator now offer 1,000+ charge points, aiming for 8,000 by 2030.

#BTOpinion: OUE Commercial Reit should consider turning hospitality-centric for better valuation OUE C-Reit’s severe undervaluation needs correcting. Perhaps, it should turn hospitality-centric to enhance value for inves…

Chinese EV maker Farizon appoints Singapore-based distributor for 3 S-E Asia markets Singapore’s eHGV market remains an immature one, as a lack of incentives, the relatively high cost, and a lack of public charging infra…

The rich are flocking to Singapore. Bankers stick with Hong Kong Billionaire Ray Dalio and other wealth managers are increasing their presence in the Singapore, recognized as the "Switzerland of Asia".

Thales to hire 1,000 people in Singapore over 3 years, a 50% rise in headcount French defence-technology firm Thales has also established an air-traffic management centre of excellence at its premises in Ayer Rajah Cresc…

SGX announces board changes, appoints former UK lawmaker Claire Perry O’Neil as director O’Neil was a cabinet minister overseeing climate change and energy in former prime minister Theresa May’s government from 2017 to 2…

Keep good bilateral relations despite pain points, cooperate to realise Asia’s potential: PM Lee Asia faces three broad challenges: increasing geopolitical contestation, specific thorny issues in the region, and a growin…

Tender for five vegetable farming sites launched to boost Singapore’s food resilience It is the seventh tranche of farmland for tender since 2017, in line with the “30 by 30” vision to sustainably produce 30 per cent of…

Homes in more central areas among proposals in URA Master Plan review URA engaged over 15,000 Singaporeans to reimagine how Singapore can meet its diverse needs over the next 50 years and beyond.

Regional M&A activity picking up as US, Europe markets recover Market players see signs that 2023 may end better than it started on the dealmaking front, but any rebound is likely to be slow.

Ashish Manchharam sells stake in 8M Real Estate to majority shareholder Crane Capital "The portfolio is largely stabilised and the company well positioned for diversification and growth," says Ashish Manchharam, who step…

Singapore retail sales growth rises to higher-than-expected 4% in August Supermarkets and hypermarkets in August record a 1.1% increase in sales, year on year.

HDB resale prices dip in September, breaking 6-month streak: SRX, 99.co “Following two years of strong price growth and recent cooling measures, it appears that HDB resale prices are plateauing as price resistance sets i…

#BTGarage: 5 Questions with ShopBack co-founder Lai Shanru ShopBack co-founder Lai Shanru's journey includes a complete career switch from banking and a "terrifying" experience as a young manager.

Singapore working closely with foreign counterparts is key to fighting money-laundering: observers They note that the financial sector is highly interconnected worldwide and hubs such as Singapore are exposed to risks ma…

SingPost delivery business in Singapore lost S$16 million in 2022; review of postal industry under way SingPost is expected to revamp its post and parcel business here to remain efficient.

Apple CEO Tim Cook gets US$41 million from biggest share sale since 2021 The share sale comes after Tim Cook took a rare pay cut of about 40% to US$49 million for 2023.

Public transport fare hike expected to add 0.17 percentage point to 2024 core inflation: MTI Public transport fares account for 1.6% of Singapore's headline inflation basket and 2.5% of its core inflation basket.

Overly prescriptive rules to encourage SGX listings for local companies may hinder growth: MTI There has been a trend of delistings outnumbering IPOs since 2014, with 650 companies listed on the SGX as at April 2023.