The Business Times

Singapore’s ‘mild’ green jet fuel levy lags global targets but provides clarity to industry: observers “If you look at how ticket prices have changed, and how oil prices have changed, (the levy) will not change how peopl…

AI bubble enters heady phase of jubilation with improbable Nvidia rally Among many other things, AI is almost like a licence to print money these days.

#Budget2024: WP chief Pritam Singh renews call for interest-free SkillsFuture loan, not just S$4,000 top-up Financial insecurity – and thus the need for upskilling – was one of five points Singh raised in response to the…

Singapore condo resale prices fall for first time in five months: SRX, 99.co Flash data from SRX and 99.co released on Monday (Feb 26) showed that resale prices fell 0.8% from the previous month, but were 7.2% higher yea…

Clearing the air on CPF Life: the best annuity in the market The outcry over the move to cease ‘shielding’ of the Special Account obscures the good news in Budget 2024: a higher retirement sum means higher income from CP…

Seatrium posts S$1.7 billion H2 loss; reaches 670.7 million reais settlement for Operation Car Wash Seatrium said it reached in-principle settle agreements with Brazilian authorities to pay 670.7 million reais (S$182.4 m…

More firms doing background checks for EP applicants, but high costs remain obstacle Yet, the added cost means that some firms still avoid the verification process where possible, background-screening companies told The…

S$14,000 for a health screening: Doctor Anywhere joins the luxe preventive care market. Will people pay? While upscale screening centres are obviously not being run just “for the betterment of mankind”, operators also ad…

Bezos, Nvidia join OpenAI in funding robot startup Jeff Bezos, Nvidia Corp and other big technology names are investing in a business that is developing human-like robots, according to people with knowledge of the situat…

US judge approves US$4.3 billion penalty for crypto giant Binance Binance Holdings, the world’s biggest cryptocurrency exchange, is to pay US$4.3 billion for violations of anti-money laundering and sanctions laws in a se…

DBS extends self-managed money lock feature to all accounts The lender’s move comes weeks after its January announcement that it would extend the feature to other types of accounts and products, including existing bank a…

More homeowners cash out as property prices peak Median profit for private homes held for a “relatively short” holding period also doubled to S$247,000 since 2019.

Malaysia’s speciality coffee is on a caffeine rush Price appears to be no object for young wage earners in the country, despite a rising inflationary environment and a household median income of just above RM6,000. With…

The ‘official’ gold binge has legs Emerging market central banks are still stockpiling the precious metal, despite higher interest rates curbing its investment appeal. Here are three reasons why.

The age of the unicorn is over Throughout the 2010s the number of unicorns—private companies with valuations above US$1 billion—soared in America. Fully 344 of them were minted in 2021. Last year’s figure was 45.

Vietnam, Laos, and Cambodia seek to boost tri-country tourism The leaders of Laos, Vietnam and Cambodia – three former French colonies in the Indochina region – are making a big push to encourage more international touri…

HDB owners increasingly shut out of ‘ultimate upgrade’ to landed housing The proportion of landed housing units bought by HDB upgraders peaked in 2009 at 29.5 %. By 2023, upgrader buys had fallen to 15.3%.

Local remittance firm surrenders licence, to shut down amid investigations for suspected fraud On Friday (Feb 23), the Singapore Police Force (SPF) and Monetary Authority of Singapore (MAS) said they commenced investigat…

Is the ringgit bottoming? The Malaysian ringgit has slumped against the US dollar to a level not seen since the Asian financial crisis - a quarter of a century ago. BT speaks to analysts to find out what’s causing the ri…

Taylor Swift’s six shows could boost Singapore’s economy by up to S$500 million: economists Beyond the direct one-off impact of these six shows, Swift’s tour could provide a longer-lasting boost to Singapore’s reputation…

Singapore’s inflation eases in January, with core at 3.1%, headline at 2.9% Core inflation, which excludes accommodation and private transport, dipped to 3.1%, easing from the 3.3% recorded in December.

Grab shares plunge after poor outlook clouds first buyback plan The disappointing forecast overshadowed plans to buy back as much as US$500 million of stock and its second straight quarterly profit on an adjusted basis.…

The detectives who sniff out ‘superfake’ luxury bags Luxury bag imitators are getting more creative, but so are the sleuths. Can you spot a fake luxury bag? Test yourself with our quiz!

A new dimension to first-timers’ BTO dilemma The coming reclassification of HDB flats could complicate decisions for young households. Here are some issues to consider.

Shopee’s parent Sea seen consolidating Singapore footprint in one-north, Science Park The NYSE-listed group is no longer looking for a replacement tenant for 200,000 sq ft of office space it leased in Rochester Commons.

Grab posts first profitable quarter Grab has reported its first profitable quarter in Q4 of 2023, with a profit of US$11 million.

Maintaining liquidity a short-term hit to NIMs, but long-term benefit to fees, customer growth: UOB CEO “Now the challenge we have is, to sustain NIMs, we have to aggressively manage our deposit base,” UOB group chief fi…