The Business Times

David Yong from Netflix’s ‘Super Rich in Korea’ handed fourth fraud charge, granted bail He was granted bail by District Judge Brenda Tan, who accepted the prosecution’s recommendations that bail be set at S$1 million wi…

Latest Singapore 6-month T-bill offers 3.34% cut-off yield “Yields on T-bills and Singapore Government Securities bonds have fallen in line with the sharp decline in US dollar rates over the recent weeks as investors rep…

DBS’ Piyush Gupta, Temasek’s Dilhan Pillay, DPMs part of 21-member Future Economy Advisory Panel The panel, which will provide expert advice to support the next bound of Singapore’s economic growth and transformation, is…

S$3b money laundering case: First Singaporean charged with disposing of Rolls-Royce, Ferrari cars Liew Yik Kit, who was the personal driver to Cambodian national Su Binghai, was handed two charges on Aug 15.

Singapore dollar rises to 18-month high amid tighter policy view Singapore’s dollar rose as much as 0.2% to 1.3154 per US dollar on Wednesday (Aug 14), the highest since Feb 2, 2023.

Temasek spent billions on US tech stocks before July sell-off Temasek increased the value of its holdings in 11 big tech firms by US$3.3 billion in the three months ended Jun 30. The vast bulk went into Microsoft, Apple,…

Singtel Q1 net profit up 42.9% to S$690 million on exceptional gain This came from the dilution of Singtel’s effective equity shareholding in associate Airtel from 28.9% to 28.7%.

Start your day with BT ☕️: Stocks to watch: Singtel, Genting Singapore, ComfortDelGro, Haw Par, StarHub, Wing Tai Top stories 1. Companies: UOB plans to move some back, middle-office functions to Malaysia; aims to sustai…

Hong Kong tycoon Adrian Cheng expects city to become No 1 hub for rich Hong Kong is pushing to become a global hub for the super-rich, but it faces headwinds ranging from geopolitical risks tied to China, and Beijing’s c…

Hong Leong Asia expects to benefit from ramp-up in HDB building activity in H2 The short to medium-term outlook for the company’s building materials segment remains robust.

Now a Singapore brand, bubble tea chain Playmade sets its sights on the US Six years and a six-figure sum turned what was once a franchise from Taiwan into a Singaporean brand. Now, Playmade founders Amanda Poo and Cryst…

Thai court dismisses PM Srettha over Cabinet appointment Real estate tycoon Srettha becomes the fourth Thai premier in 16 years to be removed for violating the constitution by appointing a minister who did not meet ethic…

ST Engineering’s H1 profit rises 19.9% to S$336.5 million This comes on the back of a 13.5% surge in revenue to S$5.5 billion.

UOB plans to move some back, middle-office functions to Malaysia; aims to sustain ROE at 14% by 2026 Laying out the bank’s medium-term goals by 2026, group chief financial officer Lee Wai Fai expects more contributions f…

9 in 10 households that sold part of remaining lease back to HDB received S$100,000 to S$300,000 each On average, about 1,680 households are opting for the agency’s Lease Buyback Scheme annually.

A new stock exchange, local investments by family offices among wish list to revive Singapore bourse There is consensus across the board that ‘bold’ measures across the entire public equity system are needed.

Ong Beng Seng’s Hotel Properties trims H1 loss to S$4.9 million Revenue increase comes amid better performance from hotels and resorts, new opening.

Start your day with BT ☕️: Stocks to watch: CapitaLand Investment, ST Engineering, Wilmar, City Developments: Olam Top stories 1. Companies: UOL to launch freehold Meyer Blue condo in September as H1 net profit falls 3%…

Sea back in the black with US$79.9 million Q2 profit, beating estimates The figure is a bounce back from the net loss of US$23 million in Q1

When Olympic sponsors go rogue Is LVMH’s bold presence at the Paris Olympics setting a new norm? IOC faces backlash from longtime sponsors over unprecedented brand visibility.

Singapore 7th most expensive market for prime offices: Savills Topping the list was London’s West End region, followed by Hong Kong and New York’s Midtown.

Sale of Suntec City strata office units expected to fetch S$57.1 million The portfolio for sale comprises the entire floor on level 38 as well as two units on level 16 of Suntec Tower One.

‘Jokowi Effect’: Reflecting on Indonesia’s era of progress How has President Joko Widodo navigated Indonesia's economy through global uncertainty? BT explores a decade of dynamic change.

DBS launches blockchain-powered treasury tokens pilot for 24/7 treasury and liquidity management This comes as businesses’ treasury needs are evolving to meet the rise of e-commerce and on-demand services.

Asean currencies turn the tide against the greenback after a rocky start to the year Ringgit is region’s top performer as it charts year-to-date gain of more than 3% against US dollar, while the Thai baht seen as next li…

Tekka Place on the market, with S$450 million asking price Other retail, hospitality assets being made available include lyf Farrer Park, Rivervale Mall and i12 Katong, amid visibility of interest rate cuts.

Sembcorp suspends operations in Myanmar power plant on escalating civil unrest Security measures are in place to safeguard the plant, and its insurance coverage is in force.

Start your day with BT ☕️: Stocks to watch: CICT, ESR-Logos Reit, Yangzijiang Shipbuilding, PropNex, Food Empire Top stories 1. Property: Tekka Place on the market, with S$450 million asking price 2. International: Asean…

Singapore lowers full-year NODX forecast, expects growth of 4-5% Key downside risks remain for the non-oil domestic exports (NODX) forecast, including a weaker-than-expected recovery in the second half of 2024.