The Business Times

Female customer assets under management up 35% from end-2020: UOB This, along with an increase in card billings and savings, points to the growing economic power of women, said the bank.

The Great Resignation is now the Big Stay The change will have some benefits, even if nominal wage increases turn out to be less exciting.

How much labour exploitation is an ingredient in your iPhone and EV? A court has cleared tech companies from wrongdoing, but the moral problems of cobalt mining remain.

BT Explains: Has MAS policy tightening hurt Singapore exports? Has Singapore’s export competitiveness been hurt by the strong Singapore dollar appreciation in recent years, and was this enabled by the tightening of monet…

New Bill gives MAS wider investigative, supervisory powers over financial services sector These include the ability to enter premises without a warrant and without first issuing orders to a suspect, to issue legally bind…

Rolls-Royce, Mercedes-Benz linked to money laundering probe towed away from condominium Photos seen by The Business Times showed a gray Toyota, black Mercedes-Benz and a black Rolls-Royce being towed away from the Distri…

Singapore Recreation Club plans S$16.6 million renovation, but some members balk at S$3,000 fee The social club will seek S$3,000 from each of its 4,782 members – or some S$14.3 million in total – to fund the bulk of the…

Bruce Lee film studio weighing sale of Singapore Golden Village cinemas: sources The Hong Kong-listed company is working with advisers on the potential divestment and has reached out to potential investors.

Scoot looks to raise top line to tackle cost pressures Passenger yield dropped 15.3 per cent as competitors added capacity, while unit cost rose by 3.2 per cent in an inflationary environment.

Sias urges Great Eastern to address minority investors’ concerns, questions board on performance “It is however surprising that Great Eastern has adopted a somewhat legalistic response to the tabling of resolutions by mi…

Seletar Mall sold for S$550 million to Allgreen Properties The agreed price translates to about S$2,900 per square foot net lettable area.

#BTOpinion: To stay fighting fit in the ring, Singapore gyms need new workout regimes At least 13 F45 Training gyms have shut their doors in Singapore in the past 15 months. Meanwhile, HIIT gym Body Fit Training is openi…

#BTOpinion: Firms that peg CEOs’ pay to ESG goals must be clear how it fits with their strategy Poorly implementing ESG-linked pay could be worse than not even adopting the measure.

Over 75% of S-Reits log DPU declines in H2; expected interest rate cuts may offer reprieve More than three-quarters of the trusts that disclosed distribution per unit (DPU) figures in their latest earnings reports posted…

Asian cities build big as infrastructure woes take centre stage in region’s Taylor Swift tussle The likes of Bangkok, Hong Kong, Manila and Jakarta are all hungry for a share of the lucrative international concerts pie.

Indranee Rajah to discuss upskilling of Singapore’s workforce at ST-BT Budget 2024 roundtable This year’s roundtable will focus on how Budget 2024’s initiatives will help to upskill Singapore’s mid-career workers – a nee…

DBS adjusts coal financing policy to include early retirement of coal plants The bank, which is South-east Asia’s largest lender, has adjusted its policy to accommodate the financing of the early shutdown of coal-fired p…

Tampines industrial facility up for sale for S$400 million The six-storey facility, on a massive site of 997,330 square feet, is ideally suited for semiconductor, wafer fabrication and electronics industries, said market…

Mainstream car premiums post largest increase in March’s first round of COE bidding The price for Category A, for mainstream cars, rose 8.1% or S$6,199 to S$83,000.

#BTOpinion: It’s a good time to be a working woman The jobs market has undergone some big changes that favour women – though they also make women more vulnerable if it turns.

5 Questions with founder-turned-ecosystem builder Lim Jui Dr Lim’s journey is less than conventional. He started as a medical doctor before pivoting into investing in biomedical companies, then running one. Now at the he…

Five things about Vietnam’s multi-billion-dollar fraud case involving property queen Truong My Lan Along with 85 accomplices including top bank officials, she is accused of bribery and embezzlement that led to Saigon Com…

#BTOpinion: Sell-offs show tech players’ pursuit of profitability not enough to win over investors As South-east Asia’s biggest tech companies chart their path to sustained profitability, they will need to convince inves…

DBS chief Piyush Gupta’s 2023 salary down 27% at S$11.2 million after pay cut He received a lower cash bonus of S$4.1 million as opposed to S$5.8 million in FY2022 and deferred remuneration of about S$5.6 million, down f…

Private-hire COE category ‘possible’ but needs careful study; new measures to stabilise private-hire, taxi supply The possibility of a separate COE category will be addressed later this year, in the second phase of the L…

Temasek in discussions to invest in OpenAI The negotiations come as Altman seeks to fund ambitious plans to launch a semiconductor business that would allow OpenAI to reduce its dependence on cutting-edge chips made by N…

Temasek shortlists Saudi Aramco, Shell in sale of Pavilion Energy assets Temasek is evaluating bids for the sale of Pavilion Energy’s assets, excluding its gas pipeline business, one of the sources said, adding that a fi…