The Business Times

Baby boomers are loaded. Why are they so stingy? The mystery matters for global economic growth.

Start your day with BT ☕️: Stocks to watch: Seatrium, YZJ Shipbuilding, Boustead, OUE Reit, ARA H-Trust, Ley Choon Top stories 1. Property: Property tycoon Gordon Tang and family to fully acquire ARA H-Trust’s managers,…

Musk’s xAI raises US$6 billion in bid to challenge OpenAI The company intends to use the funds to bring its first products to market, build advanced infrastructure and accelerate the development of future technologies.

S-E Asia’s ESG funds record outflows in Q1 as investors shun regional equities In Q1, ESG funds domiciled in Indonesia, Malaysia, Singapore and Thailand lost a net US$11.2 million.

Vietnam’s high-speed rail links with China: economic boon or bane? Despite the risks, the two rail lines hold the promise of greater trade and business opportunities between the two countries.

Condo resale prices climb 1.5% in April as volumes hit 13-month high: SRX, 99.co Volumes were up 25.8% year on year, and 17.6% higher than the five-year average volumes for the month of April.

BT launches Big Money, its first subscriber-only newsletter on financial markets BT's latest newsletter, Big Money, offers an exclusive weekly analysis of financial markets, with a focus on private markets, written by ou…

Banking and insurance are different businesses, but together they can yield synergies: analysts Debate over banking and insurance ownership, and the merits of different models, recently resurfaced after minority sharehol…

Start your day with BT ☕️: Stocks to watch: Seatrium, Yangzijiang Financial, Best World, Stamford Land, GP Industries Top stories 1. Property: Stamp duty takings slip in FY2023 while property tax revenue swells 2. Proper…

Private markets slow to adopt tokenisation; still seeking clear use-case Industry players disagree about the best applications for blockchain or distributed ledger technology, and many remain unconvinced of its benefits.

Blended finance driving capital to emerging markets Blended finance offers a template for how emerging economies can attract investment without compromising on growth or sustainability.

Sifa 2024: Opening shows tackle big themes From human-AI collaborations to the primal roots of dance, Singapore International Festival of Arts explores the evolution of creativity.

Gu:um chef Louis Han elevates casual Korean cooking at new Keong Saik eatery The chef-owner of Michelin-starred Nae:um opens contemporary grill serving homestyle favourites.

How luxury brands are making up for lower Chinese spending Not only is the demand situation in China “proving to be tough indeed”, disappointment is coming from a lacklustre outlook in Hong Kong, Macau and Singapore.

New inter-ministerial committee to make Singapore’s rules more business-friendly The committee will look into how to lower costs for businesses – particularly SMEs – when they transact with the government.

Competition watchdog suspects two interior-construction firms of rigging tenders worth over S$7 million The companies now have six weeks to make representations to the Competition and Consumer Commission of Singapore in…

#Brunch: Home away from home: More Singaporeans eye Malaysia as place to retire With the ringgit’s decline and recent changes to Malaysia’s retirement visa programme, more Singaporeans are pondering if the grass is green…

Singapore’s factory output extends decline on biomedical slide; down 1.6% in April This is worse than economists’ forecast of a median contraction of 0.5%.

Bridgewater founder Ray Dalio identified as buyer of Club Street shophouses sold in 2021 The recent revelation comes as Singapore shophouse sales gain traction among high-net-worth investors.

Injuries from SIA’s turbulence-hit flight include brain trauma, spinal cord damage Currently, 40 Singapore Air passengers remain in hospitals across the Thai capital, with one patient discharged.

Start your day with BT ☕️: Stocks to watch: Jardine Matheson, Hongkong Land, DFI Retail, DBS, Japan Foods, Sabana Reit, LMIRT Top stories 1. Companies: Berthing delays in Singapore as liner congestion in South-east Asia…

Haircut chain kcuts owner goes global with express Korean facials KC Group is eyeing India and Indonesia next for Kskin’s expansion.

Citi considers reducing office space in Asia Square tower “The way of working has changed in recent years and most of our staff are on a hybrid-work model,” a Citigroup Singapore spokesperson said.

COE premiums stable as big-car category edges toward S$106,000 The premium for Category A fell 1 per cent, or S$904, to S$92,700.

Time to rethink Singapore’s ‘30 by 30’ target for locally produced nutritional needs National-level statistics suggest that Singapore’s “30 by 30” goal – locally producing 30% of its nutritional needs by 2030 – looks inc…