The Business Times

Gold rally unlikely to fizzle out; observers expect record highs ahead Already, prices of the precious yellow metal have hit new highs in recent days, on the back of escalating tensions in the Middle East.

Start your day with BT ☕️: Stocks to watch: CICT, Seatrium, Keppel DC Reit, UOB Top stories 1. Companies: Keppel DC Reit reports 13.7% lower Q1 DPU of S$0.02192 2. Reits: Valuations for office Reits lag counterparts, but…

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom Revenue rose 36.8 per cent to US$1.2 billion from US$848 million in the first quarter of 2023.

ROE target of 14% is ‘decent’ for UOB: CEO Wee Ee Cheong Looking ahead, UOB is targeting an ROE of 13 to 14 per cent, with the chance for further upside if the bank’s fees from its wealth business or trading activities d…

An economy transformed: Lee Hsien Loong’s 20 years as Singapore’s Prime Minister Ahead of the leadership handover to Deputy Prime Minister Lawrence Wong on May 15, which will see PM Lee become Senior Minister, BT looks a…

China national fined S$45,000 for having Singaporeans front plan to buy East Coast houses In or around August 2007, Tan informed Zhan about the “East Coast plan” and the plan to purchase the property under Hwampoa’s name…

Latest Singapore one-year T-bill offers cut-off yield of 3.58% A total of S$10.1 billion in applications have been made for a total amount allotted of S$5.1 billion, putting the bid-to-cover ratio at 1.97.

Condo rents inch up after 7-month decline; volumes recover: SRX, 99.co The Outside Central Region has the most leasing activity in March, followed by the Rest of Central Region and Core Central Region.

Even without war in the Gulf, pricier petrol is here to stay Geopolitical risk explains, in part, why oil prices have risen by a quarter since December. Brent passed US$90 for the first time in nearly six months after Is…

Start your day with BT ☕️: Stocks to watch: CDL, DFI Retail Group, Cordlife, First Resources Top stories 1. Property: DFI puts its last 2 Singapore properties up for sale at S$48.5 million 2. Stocks: (Opinion) How war an…

Apple to invest US$250 million into expanding Ang Mo Kio campus The iPhone maker, which made its initial foray to Singapore in 1981 with 72 employees, now has more than 3,600 staff in the Republic.

Passenger car COE premiums rise as Category A reaches new 2024 high of S$94,010 Observers say demand is driven by last weekend’s Car Expo; Category B closes slightly higher at S$102,001.

Swiber founder fined S$100,000 over false project announcement, listing rule breaches In 2014, Swiber had announced that it secured a US$170 million award to provide certain services for an offshore field development pro…

Rupiah plummets to 4-year low, breaches 16,200 per US dollar following week-long Eid break The rupiah fell as low as 16,200 against the greenback during Asia’s morning session on Tuesday and has since been hovering just…

Malaysia’s falling birthrates, ageing population to strain the economy The average number of births per woman plummeted from 4.9 in 1970 to just 1.6 in 2023, a span of just over 50 years.

Data gaps, privacy needs of the rich make anti-money laundering checks tough, say agencies Property agents and observers say that existing anti-money laundering measures may not be foolproof, even after property agents c…

Start your day with BT ☕️: Stocks to watch: CDL, Keppel Pacific Oak US Reit, Cordlife Top stories 1. Property: URA awards Zion Road, Upper Thomson sites to sole bidders at lower-than-expected offers 2. Property: CDL unit…

Singapore’s key exports tumble 20.7% in March, worse than expected Both electronics and non-electronics exports recorded declines.

New pathway sponsors Singapore accounting undergrads to get chartered accountant qualification faster In a two-year trial of this new initiative, the Institute of Singapore Chartered Accountants (Isca) aims to sponsor 4,…

Singapore SMEs in contractionary mode for fifth straight quarter: OCBC Domestically oriented sectors such as education and F&B continued to outperform, turning expansionary in Q1 2024.

URA awards Zion Road, Upper Thomson sites to sole bidders at lower-than-expected offers Zion Road (Parcel A) was awarded to a City Developments Ltd-Mitsui Fudosan tie-up at its bid of S$1.1 billion or S$1,202 per square…

PM Lee to stay on as senior minister; Cabinet reshuffle due ‘a few days’ before May 15: Lawrence Wong “I have asked Mr Lee Hsien Loong to continue serving in the Cabinet as a senior minister, and I am glad that he has ag…

Chinese national who had Singaporeans front ‘East Coast plan’ to buy houses pleads guilty Prosecution asks for S$50,000 fine in case involving over S$6 million in property purchases.

Tripartite guidelines on flexi-work require employers to create request, response process from Dec 1 Employers will soon need to establish a process for considering and responding to formal flexible work arrangement requ…

Start your day with BT ☕️: Stocks to watch: SIA, Keppel DC Reit, Sabana Reit Top stories 1. Baltimore bridge: Dali’s Singapore owner seeking from cargo owners share of salvage costs as Baltimore takes legal action 2. Com…

From guitar covers to TikTok, Lawrence Wong has found his own tune As the next General Election looms, the question is whether his social media presence will help him stay in tune with a younger generation of voters – or…

Developers’ sales jump to highest level in 4 months in March amid uptick in launches New private home sales, excluding executive condominium units (ECs), also hit their highest level in four months.

Lawrence Wong to become Singapore’s fourth prime minister on May 15 When DPM Wong takes over next month, it will mark the end of nearly two decades that PM Lee Hsien Loong has spent as Singapore’s third prime minister.

Singapore to train international maritime personnel in new low-emission fuels This Maritime Energy Training Facility (METF) is expected to prompt industry players to invest in related training facilities and solutions in…