The Business Times

Ryde to forgo driver commissions from Jan 2 Ryde said its decision is expected to increase driver take-home pay, motivate drivers on the platform, and ultimately improve the overall rider experience.

Singapore IPO climate to look up in 2024, but observers mixed on return of Reits, Spacs Companies that could take the opportunity to list next year include those in the financial technology and artificial intelligence fi…

Agri-commodity prices could ease in 2024 but analysts warn volatility, uncertainty remain According to market watchers, the prices of key food staples – sugar, coffee, corn and soybeans – are likely to decline next year.

Sumitomo Life moves to own all of Singlife, valuing Singapore insurer at S$4.6 billion The transactions, subject to regulatory approvals in Japan and Singapore, are expected to complete in Q1 2024.

Sea to post first profitable year since IPO: CEO Sea, listed on the New York Stock Exchange, booked a profitable Q1 and Q2 this year but sank back into a loss in the third quarter ended September.

People’s Park Complex being studied for conservation, may impact collective sale Lim Fang Hua, chairman of the People’s Park Complex collective sale committee, said it would proceed with its plans for sale, which include…

Yongnam’s JV partner terminates deed linked to S$553.8m LTA contract The termination of the deed came as YEC was not in a position to pay S$1.5 million towards the JV.

Two men, three companies charged over alleged illegal gasoil export to North Korea Kwek Kee Seng and Justin Low Eng Yeow were hauled to court as the police found that Kwek had allegedly conspired with five others based o…

Singapore government bonds to retain some popularity despite falling yields Bond yields have been falling as the United States Federal Reserve is no longer raising interest rates.

Global IPO hopes rise for new year after Fed’s early holiday gift “The IPO markets will be much better in 2024 than they were this year, and my gut tells me that both volumes and breath of access will progress as we move…

Trans-cab, Prime Taxi to raise fares The two taxi operators are raising their flag-down fares by S$0.50, as well as distance and time-based charges by S$0.01 from Dec 28.

After repeated delays, Vietnam’s US$70 billion high-speed railway to finally see light of day “Delaying the project further might jeopardise Vietnam’s ability to keep pace with the escalating demands of a rapidly growing…

Fewer SGX delistings expected in 2024 as market conditions improve, new rule kicks in But delistings are expected to continue to outnumber new listings moving forward. Low liquidity, valuations and the lack of investor i…

Singapore, Malaysia ports could come under ‘massive pressures’ from Red Sea diversions The Port of Singapore as well as Malaysia’s Port of Tanjung Pelepas and Port Klang are expected to experience the biggest bottlenecks…

GCB deals and prices expected to rise in 2024 on pent-up demand, motivated sellers Expectations of lower borrowing costs are also likely to help improve the buying mood, said observers.

#BTOpinion: Fed pivot sparks market rallies, but upside risks to inflation remain Investors would be prudent to hedge their bets even as they ride the current bull market.

Director of 980 companies jailed, fined over neglect of duty on money laundering discovery The man, Xie Yong, got involved with these companies as he offered accounting and corporate services to foreign clients.

Too early to say if Red Sea situation will delay car deliveries, increase prices in Singapore: industry The potential effects are limited mostly to cars from Europe.

From minnow to competitor: Tada on track to be Ebitda positive in 2023 Taking zero commissions from drivers has helped Tada to reach positive Ebitda said Sean Kim, chief executive officer of Tada.

Malaysia bans Israeli-flagged ships in response to Gaza war Ships on their way to Israel will also be barred from loading cargo at any port in Malaysia with immediate effect, said Prime Minister Anwar Ibrahim.

COE prices for all categories fall, Category B tumbles 15.5 per cent to S$110,001 Prices for Category B fell 15.5% - or S$20,099 - to S$110,001. Category E, also saw a significant drop of 11.3% to S$118,388.

Cut-off yield on latest Singapore 6-month T-bill falls slightly to 3.73% This is slightly lower than the 3.74% on offer in the previous six-month tranche.

Hong Kong to offer residency to wealthy for HK$30 million investment The plan, set to start in the middle of 2024, includes a mandatory HK$3 million investment into a portfolio run by Hong Kong Investment.

Decathlon’s Singapore-based subsidiary secretly supplying Russia: report Decathlon has secretly continued selling clothes in Russia, despite officially pulling out in protest of the war in Ukraine, using a shell company…

Rental occupancy cap relaxed to 8 unrelated people for HDB, private properties The rental occupancy cap will be relaxed temporarily between Jan 22, 2024 and Dec 31, 2026, to better meet rental demand.

Gold holds above US$2,000 on Fed rate cut hopes; focus on US inflation Gold prices held steady above the key US$2,000 level on Wednesday (Dec 20), supported by prospects of interest rate cuts from the Federal Reserve nex…

Pegasus Asia issues trading halt after media report of dissolution It was earlier reported that Pegasus and other remaining SGX-listed Spac, Novo Tellus Alpha Acquisition, were seeking to dissolve the blank-cheque compan…

#BTOpinion: TikTok deal gives Tokopedia a third chance at success In one fell swoop, the trajectory of the deal has set the tone for TikTok’s regulated growth in Indonesia and Tokopedia’s third chance at success.

Muted outlook for Singapore consumer sector as inflation prompts belt-tightening The gloomy outlook for 2024 follows a weak 2023.

#BTOpinion: Sino-Indian friendship can turbo-charge Asian economies and investments Gloom and doom often dominate discussions around geopolitics, but can a bright spot emerge if ties between China and India blossom?