The Business Times

PODCAST: If combating climate change is profitable, would you invest? Howie Lim gets insights from Luke Edwards of Brookfield Asset Management. This episode is brought to you by Brookfield Asset Management. #btpodcasts L…

#BTOpinion: Will Ong Beng Seng’s links to Iswaran case undermine his ability to effectively lead HPL? Ong may be an accomplished deal maker with an extensive network of contacts, but with his attention now diverted to Is…

Five things about Malaysia’s new king Sultan Ibrahim Sultan Iskandar Many believe that Sultan Ibrahim, the outspoken ruler of Malaysia’s southernmost state since 2015, will play a key role as a stabiliser of the country’…

Singapore’s upcoming guidelines on flexi-work to go beyond work-from-home These guidelines, to be introduced later this year, will cover a range of FWAs that include flexible shift timings and flexible workloads.

Money laundering accused Su Wenqiang slapped with new charges for trying to fraudulently obtain work pass He had engaged in a conspiracy in February 2022 with an individual known as “Wen Wen” to obtain a work pass for on…

Singapore’s median income falls 2.2% in real terms in 2023; own account workers decline The median gross monthly income of full-time employed residents rose 2.5 per cent year on year to S$5,197, up from S$5,070 in 2022.

Judge voids Elon Musk’s ‘unfathomable’ US$56 billion Tesla pay package The judge found that Musk's pay package was negotiated by directors who appeared beholden to their headline-making CEO.

Singapore employment growth slows, retrenchment up amid weaker economy in 2023 Total employment – excluding migrant domestic workers – grew by 89,400 for the full year, down from 2022’s increase of 227,800.

Ng Yu Zhi handed new charge for trying to sell shophouse bought with criminal proceeds; charges rise to 106 The new charge stated that he attempted to sell a shophouse located at 13 Bussorah Street to one Gan Wee Pin for…

UOB seeks S$92 million in losses from Lippo housing unit over inflated home loans UOB is not only seeking to recover the outstanding principal amount of the housing loans but also the cost of funding those loans, expense…

Red Sea crisis seen boosting air freight rates as China factory holiday looms As some customers seek to avoid longer sailing times, UPS CEO Carol Tome said, “air rates are tightening a bit.”

BYD overtakes Tesla as top EV seller in Singapore; market share rises to 25.1% Meanwhile, the adoption of EVs in Singapore has risen to 18.1 per cent of total car registrations in 2023, compared to 11.8 per cent in 2022.

Singapore could star in the race towards nuclear fusion energy “If one day there is fusion, Singapore has to be ready. If you buy a reactor, you need people to run and control it, and to advise on decision-making,” said…

#BTOpinion: ‘Greenhushing’ and the risk of quiet quitting on climate goals Greenhushing, the opposite of greenwashing, takes place when corporates deliberately under-report their environmental, social and corporate gover…

Slowing markets, still-high financing costs cloud outlook for property companies but financial health intact Analysts told BT that they did not view the profit warnings as potential red flags that things are going downhi…

IBM to managers: move near an office or leave company Those working remotely, other than employees with exceptions such as medical issues or military service, who do not live close enough to commute to a facility must re…

Singapore’s upstream energy plays in negative territory on economic worries Why are SGX's energy plays struggling despite rising oil prices? Rex, RH Petrogas, and Geo Energy face investor concerns over execution and dema…

BYD the best-selling EV brand in Singapore as Toyota, Mercedes-Benz and BMW remain top three According to LTA. China EV-only brand BYD registered 1,416 cars, accounting for 4.7 per cent of the 30,225 new cars registered…

Singapore’s 2023 investment commitments down 44%, but S$12.7 billion figure above medium-to-long-term target range In 2022, an exceptional spike in semiconductor investments resulted in a record S$22.5 billion in FAI – “…

Grab captured 55% of SEA’s food delivery market in 2023: report While Grab grew 6.8 per cent year on year in terms of GMV, its closest competitors Foodpanda and Gojek declined by 12.9 per cent and 10 per cent year on yea…

A sneak peek into S-Reits’ FY23 earnings Sabana Reit’s FY2023 gross revenue grew 17.9 per cent year on year to S$111.9 million while Suntec Reit’s FY2023 gross revenue increased by 8.3 per cent compared to a year earlier…

What will it take for AEM, Cordlife to rebound? Investors wading in now are taking a gamble, as the implications of the problems uncovered at the two companies are probably still unclear

#BTOpinion: Buying a GCB may be a no-brainer for the rich, but there are many other good uses of money Perhaps the rich can be persuaded to spend more to build businesses, support the community and nurture the arts and s…

COE quota increases 2.2% for Feb-Apr; motorcycle category receives cut-and-fill for the first time LTA said that the COE quota for Categories A, B and C will continue to increase in 2024 before reaching the peak supply p…

Singapore’s S$260,000 Toyotas fuel angst over widening wealth gap A Toyota in Singapore costs as much as an Aston Martin in most countries. According to a survey, residents here are most dissatisfied by the government’s…

Money laundering accused slapped with 7 new charges; allegedly forged marriage cert to submit to MOM Six of the new charges alleged that he used around S$476,700 in proceeds from operating an unlawful remote gambling ser…

Woodlands Checkpoint expansion work to start in 2025 The expansion work will not disrupt operations at the checkpoint.

Singapore banks unlikely to cut mortgage rates in 2024 despite expected Fed rate cuts Even as the banks defend their market share, these loans offer favourable risk-returns, the analysts said in a recent note.