The Business Times

Income acquisition to give double-digit ROI, strong home base in Singapore: Allianz CEO “More importantly, (the acquisition) creates a very strong home base for us. We have been domiciled in Singapore since 1991, but nev…

Golden Mile Tower back on the market at S$556 million This reserve price is 7.3% lower than the one in its 2023 bid to be sold en bloc at $600 million.

#BTOpinion: GoTo investors may need a more exciting growth story GoTo’s improving financials should be a positive factor, but investors remain lukewarm. Its share price has fallen 85.2% since its US$1.1 billion IPO in 20…

Even as a developed economy, Singapore must still pursue growth and upgrading: PM Wong "We cannot control global prices, but we can and we have shielded Singaporeans from the worst effects of global inflation by keeping…

🎉Celebrate Singapore’s birthday with The Business Times Get in-depth analyses, exclusive interviews and the latest business insights. Subscribe today at btsub.sph.com.sg/NDP2024 and enjoy 90% off The Business Times Pers…

Chip Wars: South-east Asia’s semiconductor surge amid US-China rift ASEAN first broke into the semiconductor scene in the 1970s with backend processes such as assembly, testing and packaging. Which countries have advance…

Tesla scraps plans for EV factories in South-east Asia, focuses on charging stations, reports Thai news portal Following the disbandment of its executive team, Tesla has cancelled its investment plans in Thailand, markin…

Timeline: DBS’ key milestones under CEO Piyush Gupta Gupta’s early revamps of DBS included fixing its consumer banking business, particularly the POSB network, which had lost market share to rivals.

SGX H2 profit up 10.5% to S$316.3 million; proposes Q4 dividend of S$0.09 per share The revenue growth in FY2024 was attributed to strong volumes in SGX’s currencies and commodities businesses. SGX derivatives volume als…

Strong fees, more resiliency will boost earnings in 2024 despite rising uncertainty: DBS CEO “It’s kind of hard to say how many rate cuts there will be, or what’s going to happen, but we have built resiliency against pot…

Old Chang Kee among 7 Singapore firms named in Forbes Asia Best Under A Billion list Chief financial officer Song Yeow Chung said the company is honoured to be on the list.

Start your day with BT ☕️: Stocks to watch: DBS, SGX, Frasers Property, Sasseur Reit Top stories 1. Companies: ‘Board decision was unanimous’: DBS appoints Tan Su Shan as deputy CEO, to succeed CEO Piyush Gupta in March…

Five things to know about DBS’ new deputy CEO Tan Su Shan 56-year-old Tan Su Shan, who will be the first female CEO in the history of DBS, graduated from the University of Oxford with a master's degree in politics, philo…

Singapore banks see wealth fees surge as rich step up trading Gains in wealth-management fees were “driven by a shift from deposits into investments and bancassurance as well as an expansion in assets under management,”…

[JUST IN] ‘Board decision was unanimous’: DBS appoints Tan Su Shan as deputy CEO, to succeed CEO Piyush Gupta in March 2025 Tan will succeed Piyush Gupta as CEO when he retires at the next annual general meeting on Mar 2…

All COE premiums rise, large car category leads with 6.1% jump to S$106,101 Premiums for large car, motorcycle and open categories see biggest movement.

Majority of HDB resale flats remain affordable to first-timers: Desmond Lee More than half of these flats also have very attractive attributes, including being located in estates in or near the city centre, being on a hi…

Rents for Apac logistics spaces continue rising in H1, but slowly: Knight Frank This situation is likely to worsen as more warehouses are being built in Chinese mainland markets.

Singapore sets up taskforce to look into impact of CrowdStrike incident It will assess if further measures are needed to improve the Republic’s digital resilience

DBS Q2 profit rises 6% to S$2.79 billion; declares S$0.54 per share dividend The earnings beat the S$2.7 billion consensus forecast in a Bloomberg survey of four analysts.

#BTOpinion: Sats is prudent to hold off food hub construction It says disruptions in the global supply chain have amplified the rise in materials pricing while construction and labour costs surge on inflationary pressure…

Small nuclear reactors: Big potential for Singapore, but with caveats With challenges surrounding small modular reactors, it is positive that Singapore is not jumping on board the hype train, but taking a cautious, scien…

Start your day with BT ☕️: Stocks to watch: Venture, Riverstone, Dyna-Mac, Cromwell E-Reit, Elite UK Reit Top stories 1. Property: Luxury condo sales pick up in Q2 as ultra-rich buyers help reverse 3 quarters of decline…

Luxury condo sales pick up in Q2 as ultra-rich buyers help reverse 3 quarters of decline Foreign buyers contribute to sales, but analysts say recent recovery may not last in the current soft property market.

Indonesia’s chip ambitions: A slow burn as it lags regional champs Despite possessing abundant semiconductor resources, Indonesia struggles to compete with regional powerhouses Malaysia and Singapore in carving out a nic…

Next DBS CEO should have the skills to run the ‘Digital Bank of Singapore’ Following a spate of incidents, DBS CEO Piyush Gupta or his replacement will need to assure investors that digital disruptions are a thing of the…

MAS prioritises policyholders, competitive market in assessing Allianz-Income deal: Chee Hong Tat MAS sees a competitive insurance industry as the “most effective way” to meet the insurance needs of Singaporeans, said Se…