The Business Times

Nearly 1,500 workers to get average wage increase of 5.2% on top of annual increments with NTUC grants The increases will benefit a total of 1,494 workers across 84 companies.

New Hyundai facility in Jurong to research and build EVs, possibly flying cars in future The centre is a smart factory, using automation, robotics and AI, with 200 robots conducting 50% of all tasks on-site, says Hyundai…

Singapore’s private home rents ‘plateau’ in Q3 amid macro uncertainties, rising supply: Savills Savills attribute this to the uncertain economic outlook, high inflation and the increased number of completed homes.

Singapore’s Orchard Road retains 12th spot globally for most expensive retail rents Orchard prime retail rents are expected to trend higher in 2024, as tourist numbers and domestic consumption improve.

Kiwi specialist Zespri sets up US$2 million innovation fund The launch of the fund comes as farmers directly experience the effects of climate change, said the company.

Mercedes-Benz launches electric heavy truck in South-east Asia There has been a lot of interest from regional customers for zero-emissions trucks in the last eight to 12 months, said its distributor.

Singapore’s tourist arrivals extend decline, dip to 1.13 million in October Singapore's international visitor arrivals slipped for the third consecutive month.

A tale of two outages: DBS, Singtel show market impact of regulatory response The resignation of Optus' CEO triggers the natural question of whether DBS chief executive Piyush Gupta should do the same.

Citigroup cuts more than 300 senior manager roles in latest restructuring The workforce reductions aim to eliminate layers of management and get rid of co-head structures to speed up decision-making across the bank.

SIA Engineering embarks on three-pronged approach to capture growth “In today’s world, you cannot do things sequentially, there are many things that have to be done in parallel, because the opportunities don’t come knock…

#BTOpinion: At 82, mogul Kwek Leng Beng still offers lessons for the young Kwek Leng Beng embraces risk, is decisive and deals with setbacks pragmatically - his story may resonate most with young persons starting busines…

The ‘new job honeymoon’ phase is over for workers in Singapore Most new joiners don't plan to stay more than three years.

Raffles Town Club site to be redeveloped for housing after lease expires in 2026 The redevelopment will support future housing demand and “enhance the residential character” of the precinct.

OK Lim downplaying, lying about role and involvement at Hin Leong: prosecutors When asked if one of his staff consulted Lim on deal proceedings, Lim said: “He is holding such a senior position. If he needed to ask me bef…

Daily online CPF withdrawal limit capped at S$2,000 default from Nov 30 To better protect CPF members from scams, a default online CPF withdrawal limit of S$2,000 a day will be in place from Nov 30 for all members aged 5…

#BTOpinion: Will stocks still deliver Magnificent returns? Investors should tread carefully over the next few months - despite the progress made in curbing inflation. There could be more attractive buying opportunities i…

S-Reits’ Q3 DPU decline mostly in line with expectations Distribution per unit growth should remain under pressure from the high interest rate environment for a couple more quarters, says an analyst.

Should fresh Singapore graduates receive higher pay than junior employees? The median gross monthly salary of 2022 university graduates was raised by 10.5% to S$4,200 - sparking resentment among some junior employees who…

DFI sells Jelita Shopping Centre for S$91.68 million to former precision engineering entrepreneur The transacted price is higher than the S$85 million guide price stated when an expression of interest exercise for it was…

Optus CEO resigns amid fallout over network-wide outage; former StarHub chief to join as COO “Having now had time for some personal reflection, I have come to the decision that my resignation is in the best interest of O…

UOL and SingLand’s Watten House 57% sold in private preview at average of S$3,230 psf 96% of the 102 buyers are Singaporeans and Singapore permanent residents.

‘Do, fail, then adapt’ to help drive value amid digital shift: StanChart’s Grace Chan “I don’t believe in silver bullets, because nothing is easy. But I believe in doing, failing very quickly if needed to, and then adjus…

#BTLifestyle: Por Por’s Big Fat Surprise Wedding delivers the laughs but fails gastronomically The Singapore Repertory Theatre’s new dinner theatre production centres on a 70-year-old woman who rediscovers love late in l…

How the young should invest Youngsters must confront a more difficult set of investment choices – on how much to save and how to make the most out of markets. So far, many are choosing badly.

Consult widely on reviving interest in the stock market Is the SGX destined to remain a venue for companies to list, then as their share prices decline over the years and shareholders grow disillusioned, become one where…

US-China relations ‘not amenable to quick fixes’: PM Lee “I hope things can now begin to stabilise, and the two countries can continue to remain in close touch,” said PM Lee.

To diversify boards, avoid ‘cookie-cutter’ approach to hiring, says SGX RegCo CEO “We want diversity to enhance good decision-making by the boards through the inclusion of additional perspectives that might not otherwise…

Alibaba is worth about half of Tencent on weak demand This comes as the former’s e-commerce-centric business faces sluggish demand and intensified competition.

#BTLifestyle: Celebrity hair salons: Counting on more than just star power to survive It's easy to become famous in Singapore, says industry veteran David Gan, but much harder to sustain success.

#BTLifestyle: Under S$50 set lunches and cosy Italian cooking at Capasso Capasso covers the middle ground well, catering to the CBD-ite who’s not in a Michelin mood, but still wants a presentable place for a quick busine…