The Business Times

#BTLifestyle: Cheapest Korean fine dining, oppa chef at Onmi The Amoy Street eatery keeps its prices low, but its level of cuisine high, with its S$118 set menu by its new Michelin-background chef.

From convenience stores to quick-service restaurants: Ready-to-eat food a big growth area for DFI Retail Group The operator of 7-Eleven in Singapore, Hong Kong, Macau and Southern China says a growth in ready-to-eat food…

Ringgit on best run in 14 years as Malaysia’s outlook brightens After three years of losses, the ringgit is outperforming its Asian peers in 2024 as the government drove policies to boost foreign investments and began ro…

#Brunch: Coming back from the dead: Do People’s Park Complex, Far East Shopping Centre and other strata-titled malls have a chance? Given the challenges these properties are facing across the board, the right move could…

Chinese luxury EV brand Zeekr launches in Singapore ahead of major Apac push The Geely-owned manufacturer aims to enter five markets in the region by 2025.

Future offer for Great Eastern, if any, will be made in interest of OCBC: CEO Helen Wong She notes that the lender’s offer price of S$25.60 is ‘meaningful’, in that it represents a premium to most of the traded metrics o…

Singapore hotels’ average room rate dips to one-year low in June as tourist arrivals continue decline Similar to ARR and overall room revenue, revenue per available room (RevPAR) and occupancy rates slipped.

OCBC looks to balance net interest income growth with NIM impact ahead of interest rate cuts Group chief executive Helen Wong also noted the importance of actively managing its funding costs, by, for example, having digi…

Singapore workers filed more employment claims in 2023, driven by salary claims by foreign construction workers There were 2.53 employment claims per 1,000 employees, up from 1.97 in 2022, says MOM and TADM.

MAS sets up review group to improve Singapore equities market It will build on existing initiatives which includes funds to support IPOs of high-growth companies, introducing corporate structures and share classes to fac…

Like the captain of a storm-tossed ship, Fed chair Powell signals land is finally in sight He is upbeat on strong economic activity, a good labour market and inflation coming down.

Caution persists among developers in latest state land tenders Hong Leong-GuocoLand joint venture tops bids for Margaret Drive site at S$1,154 psf ppr; a Qingjian-led group offers S$729 psf for an executive condo site in…

Start your day with BT ☕️: Stocks to watch: OCBC, Jardine Matheson, Jardine C&C, Hongkong Land, Seatrium Top stories 1. Companies: Seatrium marks turnaround with H1 net profit of S$36 million 2. Property: Caution persist…

OCBC Q2 profit up 14% to S$1.94 billion; declares S$0.44 per share interim dividend The earnings beat the S$1.8 billion consensus forecast in a Bloomberg survey of four analysts.

‘No one is indispensable’ – UOB’s Wee Ee Cheong says succession plan is in place Wee, whose family is the controlling shareholder of UOB, said what is important for him is progressiveness with stability. This means prese…

#BTOpinion: Proposed changes to leverage limits for S-Reits make sense given Manulife US Reit’s experience On the face of it, these proposals are a loosening of the current rules. Will the proposed rule changes undermine…

ComfortDelGro inks MOU with Pony.ai on commercial robotaxi operations in China The tie-up aims to help both companies co-develop safe and sustainable autonomous vehicle (AV) solutions to be deployed globally, after comme…

More than 2,300 company-training committees set up by NTUC in last five years The company-training committees initiative was launched in April 2019 to help employers raise productivity by redesigning jobs and upskilling…

Pofma order issued to property agent over false claims on HDB Ethnic Integration Policy On Jul 24 and 25, property agent Shaik Amar posted claims to his TikTok, Instagram and YouTube accounts that the policy offers no be…

Non-landed residential rents dip slightly in Q2 with market stabilising: Savills Rents for one-to-three-bedroom units were down 6.2% year on year in Q2. In Q1, they were 2% lower compared with the year-ago period.

UOB positive on easing interest rates as loan demand picks up in Q2 Even though lower interest rates may mean less interest income, the lender expects it will still gain from the resulting pick-up in commercial activitie…

Latest Singapore 6-month T-bill cut-off yield falls to 3.4% This was a 0.24% drop from the 3.64% offered in the previous six-month auction, which closed on Jul 18.

10-cent beverage container return deposit to be rolled out in April 2026 after a year’s delay Under the scheme, consumers will pay an extra 10 cents for bottled and canned drinks but will receive a full refund of the dep…

Singapore listcos’ scores dip slightly on governance and transparency index; Sats takes top spot Big-cap companies with market capitalisations over S$1 billion outperform mid and small-cap companies.

SMRT Trains’ full-year net profit down 82.4% to S$7.5 million This was due to a one-time S$40.8 million dividend payout from SMRT Thomson-East Coast Line in FY2022/23, consisting of accumulated profits from when operatio…

Start your day with BT ☕️: Stocks to watch: UOB, SIA, Keppel Top stories 1. Property: Q2 landed home transaction value up 55% as buyer-seller price expectations narrow 2. Markets: Powell puts September rate cut on table…

Powell puts September rate cut on table after Fed leaves borrowing costs unchanged The Federal Reserve held interest rates steady on Wednesday but US central bank chief Jerome Powell said policymakers may be ready to red…