The Business Times

UOB Q2 profit rises 1% to S$1.43b; to pay S$0.88 per share dividend for H1 Excluding one-off expenses incurred in the acquisition of Citigroup’s consumer banking businesses, UOB's net profit for Q2 would have been S$1.49…

#BTOpinion: Grab’s failed Trans-cab acquisition highlights challenge of solving structural issue of driver supply Driver supply has been tight in Singapore: with long wait times and increasing prices of a ride. The Singa…

Ringgit turnaround set to accelerate on export boom, Fed pivot After falling to a 26-year low in February, the Malaysian currency is now less than 1% away from erasing its losses for the year.

#BTOpinion: Singapore’s gravity-defying property prices hurt productivity, innovation and diversity A healthy property market is good for the economy. However, a lack of price correction in line with the rest of the worl…

Singapore Airlines Q1 net profit down 38.5% to S$451.7 million However, revenue in the period rose 5.3% year on year to S$4.7 billion.

[Letter] As one of Singapore’s ‘core institutions’, Income Insurance should not be sold NTUC Enterprise’s justifications for the proposed sale are highly questionable. Do we really need Allianz to manage it better, asks…

MAS rebukes registered fund manager, executive director for failure to comply With effect from Aug 1, China Capital Impetus Asset Management can no longer undertake fund management activities in Singapore.

Singapore inks 30-year nuclear deal with the US to study advanced reactors The US and Singapore intend to cooperate on better understanding advanced nuclear technologies and how they “can potentially support climate goal…

Aviation insurance premiums expected to reach 20-year high in 2024 amid air travel boom The cause of claims that emerged top was collision or crash incidents, accounting for 63% of the value and one-third by number.

Singapore’s employment growth strengthens in Q2 despite seasonal dip in resident employment Total employment – excluding migrant domestic workers – grew by 11,300 in Q2 2024, more than double the increase of 4,700 charte…

Thailand plays catch-up after a slow start in region’s chip race Thailand trails behind its regional peers, accounting for only 1.5% of the market share of global integrated circuit exports, according to data from the Ob…

Start your day with BT ☕️: Stocks to watch: Great Eastern, CapitaLand Ascendas Reit, MPACT, ESR-Logos Reit, Aims Apac Reit Top stories 1. Companies: MAS raps registered fund manager, its CEO for not complying with regula…

Great Eastern Q2 earnings up 45% at S$280.4 million; declares interim dividend of S$0.45 per share The dividend represents a 12.5% increase from the previous payout and will be paid on Aug 29.

Infrastructure funds seek value in fossil-powered gencos, nascent SE-Asia markets Industry players are finding value in the less sexy sectors made up of traditional power generation companies and midstream energy service…

GXS Singapore CEO Charles Wong steps down, remains as an adviser In a recent media event on Jul 11, GXS group CEO Muthukrishnan Ramaswami was seen to be the face of senior management, rather than Wong, perhaps already si…

Allianz provides more than capital for Income; it’s also strategic growth partner, says NTUC Enterprise Income’s market share in the life business has slipped through the years, from a high of 20.8% in 2020 to around 5.7…

Envy’s S$850 million claim against 3 individuals over nickel Ponzi scheme begins hearing in court The civil proceedings against Ng Yu Zhi have been stayed since he is a bankrupt, said the liquidators.

Older HDB flats achieve record sales in H1; price growth outpaces younger flats HDB resale prices are expected to grow by up to 8% this year, given robust demand for resale flats, says real estate company OrangeTee.

Markets face dizzying US politics and mixed earnings reports while awaiting Fed rate cut Is it time to rotate from the Magnificent Seven into more attractively priced small-cap stocks? Or, should investors simply buy the…

Fewer phishing, infected infrastructure, website defacement incidents reported to CSA in 2023 More than half of the reported phishing sites were encrypted with the more secure HTTPS protocol to appear legitimate and auth…

Oil traders, tech professionals among big earners: MOM salary data Oil and bunker traders earned a median gross wage of S$14,911 per month as at June 2023.

Temasek to invest US$30 billion in US over five years Temasek’s investments for North and South America surpassed China for the first time in at least a decade this year.

Start your day with BT ☕️: Stocks to watch: Keppel Reit, Sheng Siong, Clint, Far East Hospitality Trust, CDLHT Top stories 1. International: Temasek to invest US$30 billion in US over five years 2. Companies: Family feud…

Mortgagee listings for residential and industrial properties build up in Q2 as bankruptcies rise More owners are putting up their properties for sale via auction, especially those who made the purchase during the pandemi…

Cordlife director Zhai Lingyun arrested in connection with potential breaches of disclosure obligations Cordlife's board feels that it will be in the interests of the company for Zhai to continue serving on the board, si…

MAS appoints Transport Minister Chee Hong Tat as deputy chair of its board He was previously appointed to the board on Jun 1.

Family feud leads to court order to wind up Lian Huat Group’s parent company Kho Choon Keng, executive chairman of Lian Huat Group and claimant of the case, had made a court application to wind up Lian Keng Enterprise, t…

#BTOpinion: Give developers more time – up to 7 years – to complete and sell homes in large projects Give the residential en bloc market a boost by encouraging developers to take on collective sales of old developments o…