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The Business Times

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South-east Asia's leading financial news site.

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Пости за Січень 2024

258 публікацій

Residential rents easing from pandemic highs but unlikely to give up all gains Slower leasing demand and tenant resistance to peak pricing, coupled with a spike in supply from record home completions, will put downward p…

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HDB to launch 19,600 BTO flats in 2024; three instead of four launches to be held Among these flats, 2,800 will have a waiting time of less than three years, which is close to four times that of the 732 such flats offere…

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Lazada says sorry for layoff lapse; talks with union continuing on better benefits for axed staff Lazada axed an undisclosed number of employees in Singapore on Jan 3 without informing the union, despite these workers be…

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#BTLifestyle: A home steeped in Chinese culture For a family with roots in China, celebrating the lunar new year in their new house has extra special meaning.

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#BTLifestyle: Heritage in a bottle A visit to South Korean artisanal sauce maker Kisoondo is a step back in time.

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#BTLifestyle: If Jay Chou likes Ju Xing’s zi char, you might too Ju Xing Home is great for unfussy, unrefined cooking where homey comfort overrides high expectations.

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Can Lazada and Shopee hold off TikTok Shop in South-east Asia? Is a shake-up ahead for South-east Asia's e-commerce space? Market leaders Shopee and Lazada have both done massive layoffs to cut costs as their growth slow…

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As layoffs rip through Lazada Group, can it hold its ground in the e-commerce tussle? According to one source, the group’s Malaysian operations suffered an estimated 70% cut in headcount, with the marketing department th…

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#BTLuxe: Desmond Tan, from the heartlands to Singapore star The actor and soon-to-be father looks back on his rise to stardom, how his heartland roots fuelled his acting career, his new foray into fashion and hopes for t…

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Johor state government proposing Iskandar Malaysia be designated special economic zone with Singapore “The Iskandar development region is ready-made to be the SEZ,” said Lee Ting Han, chairman of Johor’s state investment…

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Scotts Square mall put up for sale with S$450 million guide price Current tenants include popular brunch spots Wild Honey and eggslut, while golf retailers have moved into the third floor.

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NTUC raises Lazada’s sudden layoffs with MOM, says union wasn’t told of them The workers’ organisations are “deeply disappointed” in the layoffs, adding that the move is unacceptable.

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COE prices to ease as supply improves in 2024, but volatility persists on potential demand “It’s very volatile due to this guessing game being played by dealers who don’t know how much to reprice, and buyers who are wond…

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Singapore firms worried about rising costs as business sentiment dips: SBF poll Just 25% of firms were confident that the economy will improve in the next 12 months, compared to 41% in last year’s survey.

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Singapore could get up to 5°C hotter by 2100, warns climate study In addition, “very hot” days, when daily maximum temperatures exceed 35 deg C, are set to become a “new normal”, the study found.

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Losses loom as Shopee, Lazada brace for bruising 2024 in South-east Asia Lazada and Shopee have slashed headcounts as competition stiffens with the entry of TikTok and Temu into South-east Asia's e-commerce scene.

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2024 mega-election year will shape decade ahead The outcome of some of these high-profile ballots, is not 100% clear-cut. However, what is certain is that they will not just shape domestic politics and international rela…

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Latest T-bill yield rebounds slightly to 3.74% amid buoyant demand This is up slightly from the previous tranche’s 3.73%, but the same as the yield posted two tranches ago.

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COE prices open the year by tumbling more than 20% for passenger car categories Passenger car COEs have returned to price levels not seen since early 2022.

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Bali plans to lure more visitors to northern shores as tourism creates problems Efforts will be made to promote activities in the northern areas, such as trekking at Mount Batur or dolphin watching at Lovina Beach.

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Hong Kong bars sit empty as residents make record eight million trips to China Helped by the weakening of the yuan over the past year, Hong Kongers are spending their money on spicy hotpot to haircuts and indoor skiing,…

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Cycle & Carriage to begin sales of Smart cars in Singapore Electric cars from Smart – a tie-up between Mercedes-Benz and China auto giant Geely – will be available in Singapore from the first half of 2024.

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Singapore’s manufacturing could see modest recovery in 2024 on global electronics demand “Manufacturing has been the underdog for 2023. The question is whether we will get a turnaround story in 2024,” said OCBC chief eco…

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Lazada cuts staff amid speculation of upcoming IPO The e-commerce giant declined to disclose how many workers in Singapore or South-east Asia were affected and whether staff had received a severance package.

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Red Sea conflict: US sinks 3 Houthi ships after attacks on Maersk US forces have thwarted Houthi attacks on a Maersk container vessel in the Red Sea, but escalating regional tensions continue to alter global trade routes…

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1.27 million Singaporean households to get S$500 CDC vouchers each from Jan 3 As with the previous round, half the vouchers can be used at supermarkets, and half at hawker stalls and heartland merchants.

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DoDo fishes for overseas growth, younger crowds Overseas exports now form 40% of DoDo’s overall sales, up from 20% in 2015.

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China’s BYD to give dealers two billion yuan for hitting sales target: sources The Chinese automaker will pay 666 yuan (S$126) per car to the dealers if they have achieved their sales targets in 2023, the sources said.

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Hired: Job redesigning for career longevity (Ep 5) Many may fear going through job redesign but Ethan Ho from OCBC makes it sound like a walk in the park. He shares how his supportive bosses and colleagues got him throug…

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How China’s car companies built so wide a lead in the race to make Chinese-made cars now not only dominate their home market, the world’s largest, but are being exported in growing numbers.

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