The Business Times

Banks raise credit card rates, fees to keep up with higher-rate environment HSBC is the latest of seven banks in Singapore – including both local and international – to raise its credit card interest rates and fees this…

#BTOpinion: Let locals ride on Changi Airport’s success with a Changi Airport retail Reit Given Changi Airport’s strong retail offering and the affection that locals have for the airport, launching a Changi Airport Reit…

Economists cut Singapore’s 2024 growth forecast to 2.3%, maintain 2023 projection at 1%: survey Headline inflation is now expected to come in at 3.4%, while the median forecast for economic growth was 2.3%, down from 2.5…

SGX appoints CFO Ng Yao Loong as co-head of equities He will take on the role with Janice Kan as co-head, “to provide dedicated leadership in the development of our securities market”.

Global shipping industry braces for lower consumer spending, higher carbon taxes Continued slow demand and excess supply are expected to cut into profits for shipping in 2024.

#COP28: South-east Asia and Singapore score wins despite fresh tussle in UN climate talks One big step forward came from MAS, in the form of guidance on transition finance - making it the first in the world to define “tr…

As market cycles shorten, scenario modelling is key to action and profits: Mercer chief strategist Speed is of the essence if you are to profit from investing in a crisis. The window of opportunity has narrowed significa…

Not all growth is created equal Growth could end up destroying shareholder value. The key is to make prudent decisions about capital investments to achieve optimal returns.

Bank of America banker warns China property slump to last years, hit deals China's property downturn is set to last for years, and a drought of deals in the sector is unlikely to end soon due to a lack of investor confid…

TikTok-GoTo partnership takes away GoTo burden, pressures Sea: analysts The partnership between TikTok and GoTo will hurt Sea’s margin, but relive the Indonesian tech giant’s cash-burning burden, said analysts.

Malaysia PM Anwar seeks to solidify power with return of influential leaders in cabinet reshuffle He brings back familiar faces from the previous government and adds four new ministries.

JPMorgan to outsource US$500 billion custody business in Hong Kong, Taiwan: sources The Wall Street bank, the world’s third-largest global custodian, is in the process of selecting another bank to take over the local cus…

Fury as climate draft deal falls short of fossil fuel phase-out US climate envoy John Kerry told ministers that this was “the last COP that we’ll have a chance to be able to keep 1.5 deg C alive. This is it.”

BlackRock, Aimco back US$800 million Asia infrastructure fund Set up by a small Singapore-based private equity firm in 2021, Seraya Partners Fund I has closed above its US$750 million target.

More than half of Apac family offices report asset growth despite challenges: study Their investment performance exceeded expectations, and they significantly outperformed the weakness evident in most major financial mar…

#BTOpinion: Cordlife’s cavalier response to breaches raises troubling questions Cordlife’s management may truly believe the storage lapses were not material to its financial performance. Its investors clearly disagreed.

Eight in 10 employers plan to give bonuses averaging one month or more: survey Most workers should expect salary raises of between 3-5%, based on the poll.

Ten surprises for 2024 Will gold become the best-performing asset of 2024?

🎙BT Future of Finance: Purpose-bound money and CBDCs - what it means for you What’s in store for the future of money and what does it mean for you or your business? More from Janet Young, MD & Head, group channels and d…

#BTOpinion: There are sound reasons for having more multi-owner strata office spaces Strong demand and supply drivers exist for strata office spaces held by multiple owners. To help democratise real estate ownership, the…

Money laundering accused Zhang Ruijin denied bail again as judge rules ‘no material change’ Zhang, who is in a relationship with another alleged money launderer Lin Baoying, faces three charges related to forging bank do…

Is Singapore’s workforce ready to embrace its global ambitions? An overwhelming 93% of Singaporean employees are keen to work for global companies, surpassing the global average of 79%.

South-east Asian investors bullish on electric bikes, clean energy in 2024 Electric two-wheelers are likely a key theme to watch in 2024, with several South-east Asian countries emerging as manufacturing hubs for EV comp…

Reshaping industries, businesses and our lives: A look at tech's potential BRANDED CONTENT: It will allow us to reimagine how we work, and disrupt sectors for greater efficiency. bt.sg/SwHF

Easy financing and private-hire fleet expansion driving up COE demand As businesses and private-hire car drivers can borrow up to 90-100% of a vehicle’s cost, Carro, a used-car marketplace has been taking on financial ri…

SGX listcos’ Q3 profits fall 6.8%; tech, Reits expected to lead recovery in 2024 While analysts expect earnings for Q4 to remain weak for most sectors, they expect the tech sector and Reits to recover in 2024.

Time’s ripe to revamp COE system, start charging more for road use, say panellists at ST roundtable An economist said it was time for the government to “take a big step” and roll out distance-based charging for road usag…

DBS, OCBC, UOB are weighing down the STI One reason the local banks are lagging the STI is central banks are expected to cut interest rates as growth and inflation ease.

Cordlife did not disclose irregular temperatures earlier as board assessed ‘no material impact’ on financials Cordlife was responding to queries from SGX on why its board did not make any earlier announcements on the tem…

Australian legal opinion on nature risks for directors may ripple to Singapore Forest and biodiversity conservation in South-east Asia are coming under greater scrutiny, and companies here are behind the curve when it co…