The Business Times

Cordlife chairman Joseph Wong steps down, claims ‘personal reasons’ With effect from Wednesday, Wong no longer serves as the chairman of the board and the chairman of the audit and risk committee.

Severing ties with other countries over unfavourable views ‘not constructive’: Vivian Balakrishnan He noted that some people want Singapore to sever diplomatic ties with Israel and recall the ambassador. Such moves, howe…

ST Engineering H2 profit rises 19.9% to S$305.9 million Revenue for H2 FY2023 rose 9.9% to S$5.2 billion versus S$4.8 billion a year prior, largely due to higher contributions from the commercial aerospace segment.

Conservation bungalow in Mountbatten owned by family of Lee Choon Guan put up for sale at S$54.5 million guide price The two-storey bungalow has a land size of 2,977.7 square metres and is built on a large regular-shaped…

Cut-off yield on latest Singapore 6-month T-bill rises to 3.8% The latest tranche received S$12.4 billion in applications for the S$6.4 billion on offer, representing a bid-to-cover ratio of 1.94.

Amid ongoing tech layoffs, employment bright spots appearing at recently funded startups Hiring now will be more intentional and unlike 2021, when companies were on a mission to grab as much talent as they could, said El…

#BTOpinion: Malaysia’s erratic politics poised for a reprieve The latest royal message out of Malaysia should resonate and come as a relief. It also sets the right tone to tamp down the intense politicking that has dogge…

AEM sinks into the red with H2 net loss of S$20.9 million; proposes no dividend The loss follows the declining trend in the group’s net profit, which has plunged 76% year-on-year to S$19.7 million in the first half of FY…

#BTOpinion: While bonus shares are largely a gimmick, DBS’ proposed issue is a boon Paying a good dividend and growing dividend as well as profit consistently can drive share price performance. Giving bonus shares along…

Hong Kong raises tax for high earners, first hike in two decades A two-tier tax system will be introduced from April, with income of up to HK$5 million (S$860,155) taxed at a maximum of 15%, and anything higher than that…

#BTOpinion: Indonesia’s elections: Continuity and potential surprises The promise of continuity, while widely welcomed, may not be sufficient. While Indonesia is on a positive track in a difficult world, there are issues…

#SGBudget2024: Singapore must transform to meet ‘very ambitious’ productivity targets, achieve real growth: Lawrence Wong Firms must learn new ways to do business, workers must learn new skills and embrace new technologi…

#SGBudget2024: CPF Special Account closure not aimed at saving interest monies: Tan See Leng Rather, the move ensures that funds which are meant for long-term savings are appropriately put in a long-term retirement accou…

Interest-rate cuts expected to send money into private assets Cuts in interest rates should push investors out of the comfort of money-market funds and government bonds and into riskier products, including private assets…

Blood in the water from US office Reits could draw highly speculative investors Investors with a very-high risk appetite may find that the current valuations present an opportunity for significant upside if there is an e…

CapitaLand Investment sinks into the red with S$170 million loss in H2 Net loss for the six months ended Dec 31, 2023, stood at S$170 million, reversing from a net profit of S$428 million posted in the same period a year…

17Live’s H2 loss widens to US$129.7 million on de-Spac expenses Joseph Phua, chief executive and executive chairman of 17Live, said the group’s transition into a listed entity through its combination with VTAC “created c…

OCBC Q4 net profit rises 12% to S$1.62 billion; declares S$0.42 final dividend The lender reported a net interest income of S$2.46 billion, up 3 per cent from a year ago as average assets grew 4 per cent.

Remove ABSD for couples who want to own two private homes? | Journalist Reacts Is removing ABSD for local couples aspiring to own a second private home fair? BT senior correspondent Leslie Yee responds to the online back…

Thailand’s high-speed rail link to China delayed at least two years, incurs extra costs The 434-billion-baht project was first proposed back in 2010 and both governments pledged their cooperation for its construction in…

First China-made international jet could gain ground in Asia-Pacific on Airbus, Boeing delays: observers But the aircraft is still years away from being able to compete internationally, as that would require regulatory a…

PropertyGuru cuts 79 jobs, closes unprofitable units, in strategic review In an open letter to employees, chief executive officer and managing director Hari Krishnan said: “This decision was made after careful and object…

Alibaba leads record deal to create US$2.5 billion China AI firm Alibaba joins Tencent Holdings and Silicon Valley peers such as Microsoft in placing big bets on generative AI, the technology that powers ChatGPT.

PepsiCo, IBM sell bonds through Singapore to reap tax benefit The tactic can allow companies to deduct interest expense from their taxable income in both the US and Singapore.

Malaysia companies brace for costly fallout as ringgit hits 26-year low With the ringgit hitting a 26-year low, industries from airlines to raw material-intensive sectors are particularly at risk.

#BTOpinion: Cordlife needs a fresh start amid its ongoing scandal, not ‘old blood’ in a new bottle Considering the crisis that Cordlife has just emerged from, it is puzzling that the cord blood bank has chosen someone wi…

High capital expenditure, tech changes could dampen outlook for data-centre S-Reits But analysts are optimistic that S-Reits with exposure to data-centre assets will benefit from plans announced in Budget 2024 to ride on…

PODCAST: UOB has a long legacy as a patron of the arts in Asia. UOB's Christine Ip shares more on this unique shared history. This episode of Future of Finance podcast is presented by UOB. #futureoffinance #btpodcasts Li…

‘Fairer’ to retain CPF Special Account for those already aged 55 and above: Foo Mee Har Noting that many seniors rely on CPF savings as a key source of funding for retirement, she added: “This sudden unexpected change di…