The Business Times

Democratisation of private assets needs dedicated products, teams, more education The most successful managers, industry observers said, will be those that can build mind share among investors while winning over the go-b…

#Brunch: ‘The genie’s out of the bottle’: When AI meets politics It’s getting harder to discern what’s AI-generated versus what’s real. With major elections happening this year, more needs to be done to fight AI misuse.

Singapore’s private home sales down nearly half in February; 149 condos sold amid holiday lull The figure for the month, excluding executive condominiums, is around a third of the 433 units sold in February 2023. It is a…

Bankers in India to get higher salary increases than Singapore, Hong Kong Salaries in India could rise by 10% in 2024. That compares with 4% in the two financial hubs.

SIA prices US$500 million notes due 2034 at 5.296% yield The fixed-rate notes will bear a coupon of 5.25 per cent per annum until their maturity on Mar 21, 2034, said DBS. The coupon will be paid semi-annually.

More S-Reits could be at risk of suspending distributions As at the latest financial results for the financial period ended Dec 2023, six of the 40 S-Reits and property trusts have partly or fully halted distributions to…

Japanese printing group Toppan to build Singapore factory for high-end semiconductor material “This is one of Japan’s largest investments overseas in the past decade, for a key component in the semiconductor supply chain…

Beyond concerts, Indonesia seeks to collaborate with Singapore in holding major sports events “We are still laying the groundwork and the framework of the potential collaborations involving Batam and Bintan opportunities…

UOB aims to double private wealth assets by 2026 Total assets under management (AUM) at UOB, South-east Asia’s third-biggest lender by assets, rose to a record S$176 billion as of end-December.

Cordlife halts trading after falling 6.3%, pending announcement As at 3.10 pm, before the trading halt, the counter was trading down 6.3 per cent, or S$0.015, to S$0.225.

Latest Singapore 6-month T-bill offering 3.78% cut-off yield Demand rose in the latest tranche. Auction results showed a total of S$14.4 billion in applications for the S$6.3 billion on offer, representing a bid-to-cover…

UBS starts job cuts at Asia wealth unit after profit slump The firm is cutting about 70 people, including relationship managers, mainly in Hong Kong and Singapore through the end of March.

Singapore’s job vacancies rise to 79,800, while re-entry rate of retrenched workers falls in Q4 The ratio of job vacancies to unemployed persons, at 1.74, has been rising since March 2021 when it was 0.96, indicating a “…

BNPL players losing steam as digital banking gains speed With the cost of funds having risen significantly, BNPL players’ offering of what are essentially interest-free, short-term loans in developed markets has put the…

SG alt-meat makers Shiok Meats, Umami Bioworks set to merge Mihir Pershad, Umami Bioworks’ founder and CEO, will lead the company post-merger.

Young couples voice concerns over housing loan limits under new HDB protocols Some are concerned that their HDB housing loan amounts will be assessed based on the new HDB Flat Eligibility letters, with no reassessments p…

Chinese national who had Singaporeans front landed property purchases arrested Zhan Guotuan had allegedly nominated a Singaporean couple to purchase three houses on East Coast Road that were restricted – as they were not…

Surbana Jurong unveils global headquarters in Jurong Innovation District The new campus serves as a test ground for sustainable urban solutions.

Singtel halts trading after rising 4.2%, denies media reports of Optus sale “Optus remains an integral and strategic part of the Singtel group and we are committed to Australia for the long term,” said Singtel.

Seatrium receives SGX approval for 20-to-1 share consolidation The exercise was proposed in February to “increase market interest and attractiveness in its listed shares”, said Seatrium’s chief executive Chris Ong then,…

The green balancing act: How S’pore SMEs can navigate sustainability and costs BRANDED CONTENT: Recent surveys show that SMEs still face challenges such as lack of resources and manpower, on top of concerns like increase…

Crypto exchange OKX snags major payment institution licence from MAS The approval will allow OKX to provide digital payment token and cross-border money transfer services in Singapore.

New Bill proposes up to S$100,000 in fines for corporate service providers that breach anti-money laundering obligations Fines will be imposed upon conviction of non-compliance with obligations related to detecting and p…

Economists raise Singapore’s 2024 growth forecast to 2.4%; expect lower headline inflation of 3.1%: survey In the survey, the median forecast for growth in 2024 was 2.4%, up marginally from the previous survey’s forecast…

Construction recovery paves the way for Singapore-listed concrete, steel producers The recovery in construction activity comes on the back of the lifting of a Heightened Safety Period put in place by the Ministry of Manp…

Unsold private housing stock on the rise ahead of ramp-up in new launches in 2024 This could signal bad news for some residential projects that are approaching a critical sales deadline this year or the next – to clear a…

SGX to offer interest rate derivatives on Singapore, Tokyo benchmarks Sora Futures will be a tool for market participants to hedge their exposure to interest rate risks, amid rising issuance of Sing dollar cash market pr…

#BTOpinion: When a meme platform becomes about me, me, me One is hard-pressed to think of any other company that has so thoroughly conflated product (the users’ data), unpaid labour (the users’ moderation efforts), and a…

Active but not activist: Temasek’s Nagi Hamiyeh on creating value In November 2019, Temasek announced a new portfolio development function that would “adopt an active approach to enhancing the value of our core assets th…