The Business Times

iFAST Q2 earnings surge 346% on ePension contribution The ePension division in Hong Kong will be an important growth driver for iFAST for 2024 and 2025, with Hong Kong overtaking Singapore in earnings and revenue contrib…

Grab’s acquisition of Trans-cab falls through as both parties withdraw An assessment of the proposed acquisition has also been dropped after the decision.

Grab’s acquisition of Chope is just the latest of its efforts to build an F&B presence beyond delivery In recent months, the company has ramped up promotion of its dining deals at selected merchants, both on its own soci…

Bernard Arnault has lost more wealth than any billionaire in 2024 After the company’s shares took a beating on disappointing results this week, Arnault’s losses surpassed the US$18 billion racked up by China’s richest ma…

Apac distressed credit and infrastructure top MSCI private asset Q1 performance rankings Meanwhile, the weakest performance in Apac came from private equity funds with an expansion capital strategy – funds that invest in…

S$131 million purchase of two GCBs in Belmont Road may be linked to Hillhouse boss Zhang Lei The combined site can be redeveloped into a large house at the highest point of the road with a 360-degree view on the upper fl…

Cut-off yield on latest Singapore 1-year T-bill slips to 3.38% The median yield in the latest auction stands at 3.16%, from 3.4% in the previous auction.

#BTOpinion: Singapore stock market doesn’t need global champions, just big ambitions What would it take to secure GIC’s stamp of approval, or the approval of any world-class fund manager? Global success may not be the on…

Condo resale volumes fall 29.9% in June; RCR prices inch up: SRX, 99.co The most expensive condo resold in June is a unit at Reflections at Keppel Bay which went for S$13.6 million.

Allianz stake acquisition to help Income compete in market ‘dominated by regional, global competitors’: NTUC Enterprise NTUC Enterprise says Income will continue to provide affordable and accessible insurance options, an…

Vibrant CEO to appeal 13-month jail sentence for causing grievous hurt to ex-KTL chairman In 2021, Khua Kian Keong pushed Tan Tock Han down a flight of stairs, causing him to suffer fractures. The two men were allegedly…

Start your day with BT ☕️: Stocks to watch: MLT, FCT, Mandarin Oriental, OUE Reit, Digital Core Reit, Oxley, UOI Top stories 1. Startups & Tech: Singapore fintech MoneyHero lays off 80 staff to cut costs 2. Companies: UO…

Singapore fintech MoneyHero lays off 80 staff to cut costs The move is “strictly” about enhancing long-term financial health, said its chief executive.

Prime residential properties account for majority of loss-making resale deals in Q2 Prime residential units lost S$780,000 and S$2.1 million in value, yet 80% of resale transactions in the Core Central Region (CCR) remai…

MAS proposes relaxed leverage requirements for S-Reits Under the proposal, all Reits will be subject to a minimum ICR threshold of 1.5 times, and an aggregate leverage limit of 50% “This underscores the responsibility of…

BYD jumps to second place behind Toyota in H1 Singapore car sales, beats BMW, Mercedes-Benz Compared to the same period last year, BYD’s market share has risen further to 13.9% from 2.8%.

Roxy Square up for collective sale with S$1.25 billion minimum price Factoring in an additional 10 per cent for the bonus gross floor area for the residential component with the LBC payable, the unit land rate would be a…

Singapore has world’s most powerful passport after unseating Europeans Having a Singapore passport means getting visa-free entry to a record 195 global destinations, putting the city state at the top on the Henley Passpo…

NTUC Enterprise’s commitment to majority stake in Income is questioned There is also disquiet over what appears to be an understanding – formed at the time when NTUC Income’s corporatisation was proposed in early 2022 –…

HDB comes down on about 800 flat owners for flouting lease rules from 2019 to 2023 HDB’s announcement follows last month’s report by CNA about more than 15 listings on Airbnb offering two- and three-night stays in condom…

[ICYMI] Allianz’s offer makes business sense but Income’s ethos of affordable insurance hangs in the balance Over the years, Income Insurance has built a reputation for affordable insurance in Singapore. With Allianz set…

Farewell 3G: M1 to retire services from August; StarHub, Singtel in November IMDA said the retirement of 3G will unlock spectrum capacity that can be invested into “future-ready” 5G networks.

Johor's expanding industries offer growth avenues for S'pore firms By 2026, faster cross-border travel will unlock economic opportunities in Johor, particularly in data centres and renewable energy, say speakers at a rec…

Start your day with BT ☕️: Stocks to watch: Best World, HPH Trust, Sabana Reit, Manulife US Reit, Elite UK Reit Top stories 1. Companies: GIC posts 3.9% 20-year annualised real rate of return, expects lower returns ahead…

GIC posts 3.9% 20-year annualised real rate of return, expects lower returns ahead The sovereign wealth fund continues to see opportunities in private equity, AI and emerging markets. ➡️MAS unlikely to ease monetary poli…

Final Derby Day at Kranji Racecourse a bittersweet farewell Did you catch the excitement at Singapore Turf Club's Derby Day? A nostalgic revival with 5,800 attendees celebrating the iconic race before its closure.

COE quota for Aug-Oct up 1.2%; commercial vehicle category sees largest increase Total number of COEs rises to 15,283 as changes mostly stable across categories.

Entire floor at Suntec City Tower 1 up for sale with S$41.8 million guide price A broker notes that strata office spaces at Suntec City have been on investors’ radar, with 15 deals done last year.