The Business Times

#BTOpinion: Mind the adverse impact on returns from higher property taxes on homes The picture for private residential landlords may be darkening - many can expect to see much higher property tax bills in 2024.

What we learned from Hin Leong founder OK Lim’s time on the stand Lim started out as a fisherman, alongside his father and became the managing director of Hin Leong in 1973, at the age of 31.

Singapore’s billionaires increase wealth by almost a third in 2023: UBS There were 41 billionaires in Singapore in 2023, up from 34 last year.

Marina Bay Sands said to seek up to S$10 billion loan for growth While a bulk of the new deal will be used to refinance its existing debt, MBS will look to borrow an additional amount of as much as S$2 billion as part of…

One-off property tax rebate for owner-occupiers to take edge off tax spike in 2024 3, 4 and 5-room and executive flat owners will get rebates ranging from 40-70%, while private property owner-occupiers will get a 15% reb…

#BTOpinion: Amara, Boustead Projects minority investors need not fear saying ‘no’ to offers Shareholders of both companies received offers for their shares that were above their last traded prices, but small investors ha…

Bedok assisted living HDB flats to be launched in December The community care apartments project, which integrates senior-friendly housing with on-site social activities and care services, is the third of its kind.

Singapore maintains spot as world’s most expensive city, tied with Zurich: EIU Singapore continues to observe high price levels across several categories, notably transport due to strict controls on car numbers.

Executive condominium sites launched for sale in Tengah, Tampines Both land parcels have a lease period of 99 years and are expected to yield about 560 housing units each.

Singapore residents’ real median income falls 2.3% in 2023 due to high inflation However, real income growth remained positive over the decade between 2013 and 2023, with real median incomes rising 2%.

Henry Kissinger, American diplomat and Nobel winner, dead at 100 Former United States Secretary of State Henry Kissinger died on Wednesday at his home in Connecticut at the age of 100.

Government to pilot ‘long-stay’ serviced apartments on two GLS sites to address rental demand The government will pilot the new category at two state land sites coming up for sale soon, at Upper Thomson Road and Zion Roa…

🎧BT Tech in Finance: Harnessing the transformative power of AI How will the integration of Generative AI into daily banking operations affect you and your assets? BT's Howie Lim speaks to Jenita Soetanto from UOB to fin…

Tiger Beer’s parent company retrenches workers in restructuring exercise According to a retrenched employee, the laid-off workers were told on Nov 23, and were also asked to pack up and leave the company premises on the…

[BREAKING] Spinelli Coffee to shut all Singapore outlets Spinelli Coffee Company is shutting all six of its remaining outlets in Singapore, 27 years after it made its debut in the city-state, BT has learnt.

Relaxed rules to encourage poly grads to be chartered accountants Polytechnic graduates from non-accounting disciplines who are keen to become chartered accountants can now enrol for the qualification programme.

#BTOpinion: Sats must manage carefully its debt load as it looks to resume dividend payments Of concern is its heavy debt burden, and what that will mean for its share price yield.

Editorial: With next GST hike looming, businesses found guilty of profiteering must be taken to task Businesses must be more transparent in explaining and communicating the true reasons for any price increases to custome…

October condo rents slide again; 2024 demand-supply gap could widen It is the third consecutive month of declines for the condominium rental market, while prices for HDB rents fall for the first time since October 2021.

OK Lim had anxiety, severe depression and poor concentration: psychiatrist The doctor adds that Lim also spoke of fatigue and poor appetite and was also “very slow” in responding to questions.

Demand rises for latest Singapore Savings Bond with 10-year average return at 3.15% This comes after months of falling demand due to declining yields.

Charlie Munger, who was Warren Buffett’s right-hand man, dies at 99 Berkshire said Munger died peacefully at a hospital in California. No cause was given.

PODCAST: Philanthropy can play a big role in the net zero transition. Pictet's head of philanthropy Anthony Gao services shares his insights. This episode is brought to you by Pictet Wealth Management. #wealthBT #BTPodca…

How to gain a sustainable edge in investing You need to resist the temptation to sell your stock early or to chase the next hot idea.

#BTOpinion: Will the VTAC de-Spac bring us the hot growth stock we have all been craving? The acquisition of 17Live by VTAC could be one of the most important new listings to hit the Singapore market in a long while, say…

Condo resale volumes recover in October while prices stay on uptrend: SRX, 99.co 838 units changed hands for the month, up 14.7% from the 731 units resold in the previous month.

Singtel is next to be traded on Thailand bourse under depository receipt linkage scheme The DR on Singapore Airlines made its debut on the Thai stock market in September this year, allowing investors to trade in a foreig…

Land reclamation plan to create 800 ha ‘Long Island’ along Singapore’s east coast ‘Long Island’ is expected to be double the size of Marina Bay and will include a new reservoir, as part of government plans to tackle futu…

Temasek Trust to acquire MoneyOwl in surprise announcement MoneyOwl announced in end-August that it would cease all commercial activities by end-December. A joint review by NTUC Enterprise concluded that the business was…