The Business Times

Singapore-listed semiconductor players expect minimal impact from Taiwan earthquake In the wake of the 7.4-magnitude quake off the island’s east coast, Taiwan Semiconductor Manufacturing Co called a halt to some of its c…

OCBC cuts 2022 financed emissions in six ‘dirty’ sectors The absolute emissions in the oil and gas sector, as well as the emission intensities of the other five sectors – power, real estate, shipping, aviation and steel…

Bearish outlook, conservative targets prompt spike in Seatrium’s short interest The offshore and marine giant was, as a result, the second most shorted stock on the Singapore Exchange (SGX) for the week ended Wednesday (…

Mitsui, Rohto Pharmaceutical take 86% stake in Eu Yan Sang for S$687 million The deal values 100% of Eu Yan Sang at about S$800 million. It was delisted from the Singapore Exchange in October 2016.

Construction of Marina Bay Sands’ fourth tower, new entertainment arena to begin in July 2025 The expansion will feature a luxury hotel tower with a sky roof, a 15,000-seat entertainment arena, and additional premium Mic…

Start your day with BT ☕️: Stocks to watch: GuocoLand, City Developments Ltd Top stories 1. Property: Sole low bids for large plots in River Valley, Thomson show developers turning frosty and defensive 2. Companies: Mits…

OCBC group chief Helen Wong’s pay rises 8% to S$12.1 million in 2023 She edges out DBS chief Piyush Gupta, who is the lowest-paid chief executive among the three Singapore banks.

Upper Thomson Road site draws one bid at S$780 million or S$905 psf ppr from GuocoLand-Hong Leong joint venture Single bid comes in a shade under expectations and 8% under most recently sold Lentor plot.

CDL joint venture places sole bid for Zion Road site at S$1,202 psf ppr, below expectations The consortium placed a S$1.1 billion bid for the site which sits on the fringe of the prime River Valley residential district a…

Vietnam Dong hovers near historic low as greenback strengthens The US dollar hit a peak against the Vietnamese dong on hawkish expectations over the US Federal Reserve’s rate trajectory.

Asean currencies battered as rosy data further buoys US dollar Vietnamese dong charts record-high; Indonesian rupiah registers four-year low.

Money laundering convict Su Wenqiang to be deported; location dependent on admissibility of passport Su Wenqiang, the first of 10 foreigners embroiled in the over S$3 billion money laundering case to be convicted, will b…

Singapore real estate icon Dennis Wee dies at 71 Family, friends, and business partners paid tribute on Thursday, remembering the realtor as a colourful character who built his own business and embraced life with humour…

BNP Paribas to cut space in Keppel Reit’s Singapore tower as high rents bite The French bank, which currently occupies six floors at Ocean Financial Centre, plans to not renew some of the space in the central business di…

Chinese cargo owners may face huge bill after Baltimore bridge collision As the Dali, a Singapore-flagged ship ultimately bound for China, contained goods exported from the United States to China, this means many Chinese…

Start your day with BT ☕️: Stocks to watch: Cromwell E-Reit, Best World, OCBC Top stories 1. Property: Fewer transactions, but firmer prices as CBD shophouses hold sway among investors 2. Companies: (Opinion) OCBC, UOB s…

GXS disburses over 100,000 loans in first year, aims to double it in six months GXS is seeing interest in its FlexiLoan scheme not just from the underserved segments, but also well-served segments that can draw up to S$4…

UPDATE: OCBC confirms exploring redevelopment of Chulia Street property “We are exploring the redevelopment of the 63, 65 Chulia Street and 18 Church Street to rejuvenate a strategic area in the central business district…

Is the rise of unsold private homes a ticking time bomb? | Journalist Reacts Is Singapore's rising unsold private home inventory a sign of market strain? As more projects come to market, this could spell more trouble for…

Passenger car COEs all rise, Category B back above S$100,000 The price for Category A, used to register mainstream cars, rose 4.1% or S$3,511 to S$89,000.

Seatrium bags S$350 million worth of contracts They include repair, upgrade and conversion works scheduled mainly to start in the second quarter of 2024.

Scion of UOB’s Wee family buys mansion for S$39.5 million Grace Wee Jingsi, the youngest child of UOB CEO Wee Ee Cheong, is buying the so-called good class bungalow at Ford Avenue.

Dwindling BNPL numbers show tough reality even as accreditation deadline passes As quickly as they bloomed, “buy now, pay later” (BNPL) players have wilted in the face of rising costs of funds.

Singtel slides amid heavy trading on reports of scuppered Optus deal; calls for trading halt This came after Australian media reported its talks with Canadian private equity firm Brookfield to sell its 20% stake in Optus…

Start your day with BT ☕️: Stocks to watch: Seatrium, OCBC, Dyna-Mac Top stories 1. Companies: Government gave grace period to 44 housing projects facing ABSD deadline within 2021 to 2023: Lawrence Wong 2. Property: Free…

OCBC said to be exploring redevelopment of iconic Chulia Street property The bank appoints JLL to help identify a potential partner to undertake its redevelopment; OCBC is expected to retain ownership of the asset post-d…

PODCAST: Did you know that 1 in 4 Singaporeans will be 65 or older by 2030? It's time to start thinking about your retirement strategy. Adrian Low from DBS shares his insights. This episode of Tech in Finance is presente…

Hong Kong a ghost town over Easter with record jaunts to China A total of 9.3 million departures from the city of 7.3 million people occurred in March. It was the single-highest monthly number since at least 1997.

Foreign direct investment into China plummets to 23-year low The US$42.7 billion inflow is less than a quarter of that seen in 2022.

Freehold GCB site housing two bungalows in Caldecott Hill for sale at S$62.8 million The District 11 property was purchased in the 1960s by Chan Kok Kwan, a prominent diamond merchant who moved in high-society circles. I…