The Business Times

You deserve a great nap It's Friday. And you can only drink so much coffee.

#BTOpinion: Unbridled innovation: a rude awakening for Singapore’s banks? To keep pace with the rapidly evolving fintech space, it seems traditional banks might be prioritising speed and novelty over the foundational ele…

Gojek S’pore head calls for review of age criterion for private-hire drivers to boost supply The requirement that all new private-hire drivers here must be at least 30 years old and must be Singapore citizens was put in…

Malaysia hotel rates to rise 30% in 2024, but weaker ringgit will still lure tourists While domestic travellers will likely feel the pinch of higher rates, the impact on the international market will be minimal due to th…

Eight budding companies clinch top accolades at Emerging Enterprise Awards Singapore-based Conex Healthcare and Profileprint, as well as Malaysia-based Troopers Innovation, snagged the Emerging Enterprise Award for their…

Singapore listcos lag in climate disclosures, with ‘uneven’ quality: review Fewer companies are linking top executive pay to sustainability performance.

Singapore’s first electric cargo vessel debuts Since the craft is powered by batteries, it will not create local pollution or emissions, although its total emissions are dependent on the type of energy used to charge it.

CDL posts sales of S$325 million in Q3 on launch of The Myst Since The Myst’s launch in July, CDL has sold 169 units at an average selling price of S$2,065 psf.

Binance sees US$956 million outflows with Zhao’s exit “Binance has seen significant exchange outflows since the announcement, but relative to their total holdings, it’s quite small,” analysts said.

Latest 6-month Singapore T-bill offers 3.8% cut-off yield This is up from the cut-off yield of 3.75 per cent in the previous six-month tranche.

Unigold International bags top honours at E50 Awards With guest of honour Minister for Education Chan Chun Sing, this year's Enterprise 50 (E50) Awards recognise the 50 most enterprising local, privately held companies t…

Singapore’s headline inflation rises to 4.7% in October; core inflation up at 3.3% The higher headline inflation was a reflection of higher private transport prices, as well as higher core inflation, said MTI and MAS.

Economists upgrade Singapore GDP outlook after better-than-expected Q3 “The worst appears to have passed for Singapore’s economy,” said HSBC Asean economist Yun Liu.

All stat boards to publish sustainability disclosures from FY2024: DPM Heng The government will also publish an annual report from FY2023 that tracks the public sector’s efforts, progress and plans in rolling out its sus…

SPH Media’s acquisition of Tech in Asia aligns with government funding goals: Josephine Teo Government funding for SPH Media Trust (SMT) – at S$180 million annually – is earmarked for technology development, talent devel…

Parliament passes law allowing President Tharman to accept international appointments in ‘private capacity’ The government has backdated the changes to Sep 14, when President Tharman Shanmugaratnam was sworn into office…

Flash Coffee in major consolidation amid Taiwan bankruptcy, sale of Thailand unit Its Taiwan subsidiary owes at least NT$120 million (S$5.1 million) to its creditors.

Timbre Group returns to roots in music and events amid wider F&B slowdown Due to labour constraints, the group is relinquishing control of the 800-seater Timbre+ Eastside venue at Singapore Expo.

OK Lim’s Good Class Bungalow on Third Avenue sold to Singapore family for just below S$26.5 million This is Lim’s second GCB to be sold in the area. The first was at 5 Second Avenue, which was sold in October 2021 for S$…

Mainstream car COEs at lowest level since January, while large car premiums spike 23 per cent The price for Category A cars fell by S$10,688 to S$85,001 while premiums for Category B cars rose S$25,335 to S$135,336.

Altman to return as OpenAI CEO with Taylor, Summers on new board OpenAI will bring back Sam Altman and appoint new board members, after nearly all of its employees threatened to quit over his surprise ouster.

Small-business owners warm to AI-written contracts; lawyers warn of costly mistakes Employment contracts and supply agreements could cost thousands of dollars if drafted by a lawyer, while ChatGPT can be used to draft th…

Price hikes of essential services unavoidable, but needy households will get help: PM Lee In times of slow growth and high inflation, the government cannot completely avoid raising the prices of some essential public ser…

What you need to know about Richard Teng, Binance’s new CEO Singaporean Richard Teng, who was once director of corporate finance at the Monetary Authority of Singapore (MAS), will take over as the face of one of the worl…

Binance CEO CZ quits, Richard Teng to take over; crypto exchange to pay US$4 billion for money laundering Singaporean Samuel Lim, Binance’s former chief compliance officer, agrees to pay US$1.5m for violating commodity l…

Chinese businessman seeks S$1.5 million in damages from Huttons and agent for misrepresentation The businessman said he was induced into entering an Option to Purchase in 2018 after the property agent “made clear and une…

Singapore downgrades 2023 export forecasts; projects NODX growth of 2% to 4% for 2024 Singapore's non-oil domestic exports is now expected to shrink by 12-12.5% year on year in 2023, compared with August’s forecast of a…

Singapore GDP expected to grow 1% in 2023, growth was 1.1% in Q3 In the third quarter of this year, the economy expanded by 1.1% year on year, faster than the 0.5% clocked in Q2.

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