The Business Times

#BTOpinion: Consider lowering ABSD for foreigners buying homes in selected areas such as Marina South Having lower ABSD rates for foreigners buying homes in selected areas can help show Singapore’s openness to foreigners…

Indonesia will turn to ‘Swiftonomics’ to boost tourism spending South-east Asia’s largest economy plans to exempt more nationalities from visa requirements while simplifying permits to make it easier to host events in th…

13 blue-chip stocks that could benefit from Singapore’s Budget 2024 Some 13 STI constituents across six sectors are expected to benefit from the Budget, said Maybank Securities and RHB.

Unrealistic to fully cut financing to coal companies: Singapore banks All three Singapore banks have some restrictions in coal financing. Yet, these banks continue to have client relationships with major coal developers…

The Malaysian ringgit is within a whisker of its 1998 record low The Malaysian ringgit is about 2% away from reaching 4.8850 per US dollar, a level last seen in 1998 when the Asian financial crisis ravaged the region’s c…

Singapore’s fiscal position, details of Refundable Investment Credit scheme could give it an edge over competitors: watchers #SGBudget2024: The city-state’s strong track record and fiscal ability, alongside the details o…

Outbound travellers from Singapore to pay levy from 2026 as part of sustainable air hub drive An interim target for 2030 has also been set: to cut domestic aviation emissions from airport operations to 80% of pre-pandemi…

Retail investors net buy S$1 billion of Singapore stocks in early 2024 They withdrew around S$190 million in the same period last year.

A public policy strategist breaks down Budget 2024 “It's important that we don't see economic and social policies in isolation, they actually mutually reinforce each other.” Hear from Public Policy Strategist Devadas Kri…

INTERACTIVE: What Budget 2024 has for you The Business Times takes a look at the support different groups of Singaporeans can expect from Budget 2024.

Singapore bags S$750 million in aerospace investment commitments, 2,500 jobs to be filled: EDB Aerospace companies expect to hire more than 2,500 employees in the next three to five years to support the recovery of the i…

Layoffs show that tech jobs aren’t sacred anymore Starting in late 2022, technology companies began conducting rounds of layoffs that were deeper and broader than anything in recent memory.

Softbank’s founder Son seeks to build US$100 billion AI chip venture Code-named Izanagi, the project marks the billionaire’s next big endeavor as SoftBank sharply curtails startup investments.

New AI-video tool by maker of ChatGPT worries media creators OpenAI, the creator of ChatGPT and image generator DALL-E, said on Thursday it was testing a text-to-video model called “Sora” that can allow users to create r…

Malaysia Q4 GDP growth up 3% on year, slower than economists forecast as exports weaken The latest figure disappointed the market. Economists had projected 3.4 per cent growth in Q4 in a recent Reuters poll.

How Australian billionaire ‘iron lady’ Gina Rinehart built a thriving mining empire Days after turning 70, the chairman of Hancock Prospecting was named by Forbes once again as her country’s richest person.

#SGBudget2024: ABSD concessions an ‘olive branch’ but won’t offer much relief to developers While the move will provide some relief for housing developers, ABSD penalties remain “very punitive”, the Real Estate Developer…

#BTOpinion: A potential end-of-term Budget with something for everyone Budget 2024 certainly seems to facilitate – if not indicate – a general election being called before Budget 2025 rolls around.

#SGBudget2024: Here are some quick takes from analysts and observers on key budget moves 1. Lower ABSD clawback rate for developments with 90% of units sold 2. SkillsFuture Level-Up programme 3. Refundable Investment Cre…

#SGBudget2024: First planned surplus in 7 years in FY2024, albeit ‘small’, at S$778m The estimated S$778-million surplus came as the last two planned deficits, in FY2021 and FY2022, later turned out to be surpluses. FY20…

#SGBudget2024: Budget 2024 highlights: from S$1.9 billion in household support, to property tax changes Budget 2024 tackled immediate cost-of-living worries for households and businesses, while laying out plans to streng…

#SGBudget2024: Single Singaporean seniors get ABSD refund when “right-sizing” to lower-value property The concession will be extended to singles if they sell their first property within six months after purchasing a lowe…

#SGBudget2024: Individuals to get 50% personal income tax rebate for 2024 The amount will be capped at S$200 so that the benefits go mostly to middle-income workers, said Wong. Annual income threshold for dependent-relat…

#SGBudget2024: S$200 in LifeSG credits for 1.2 million past and present national servicemen The LifeSG credits – which can be spent at over 100,000 online and physical merchants accepting PayNow, UEN QR or Nets QR – will…

#SGBudget2024: S$8.2 billion Majulah Package to benefit 1.6 million Singaporeans Those eligible will receive an Earn and Save Bonus of up to S$1,000, with the first annual bonus credited to their CPF Retirement Account o…

#SGBudget2024: Higher CPF contribution rates for those aged 55 to 65; closure of Special Account for those aged 55 and above Savings within the SA will be transferred to the Retirement Account, up to the Full Retirement…

#SGBudget2024: Couples waiting for BTO flats will get one-year voucher to rent HDB flat in open market “Some couples have already booked their BTO flats, but may like to have a place to stay temporarily, while they wait…

#SGBudget2024: ITE graduates to get S$5,000 top up to PSEA account; S$10,000 to CPF if they attain diploma “This new award is a significant investment in our ITE graduates. It represents our continuing commitment to upli…