The Business Times

Fed policymakers say they are ready to cut interest rates Traders of futures that settle to the Fed’s policy rate are now pricing a 77% chance that the US central bank will cut its policy rate.

#BTLifestyle: Shopping centre Spanish fare at MoVida It’s a crowded, noisy dining experience at this popular Aussie tapas import in Raffles City.

New innovation lab to be set up in Singapore to reshape global airport operations Among the new International Aviation Lab’s potential projects is the roll-out of robotics systems that can help to stack and load cargo in…

Cordlife accepts MOH notice on licence change to resume cord-blood banking services It will be allowed to collect, test, process and/or store no more than 30 units of new cord blood per month from Sep 15 to Jan 13, 2025.

Sceneca Square sells for S$64 million; money launderer’s Beach Road retail unit fetches S$8.7 million A retail unit at The 101 in Beach Road, which is owned by convicted money launderer Su Haijin, is being sold for S$8.7…

Construction of Changi Airport Terminal 5 to start in first half of 2025: PM Wong PM Lawrence Wong said Singapore must sharpen its competitive edge amid intensifying competition in the air transport sector.

7 injured, including 1 hospitalised, as Singapore-Guangzhou Scoot flight hits turbulence Scoot says the flight encountered turbulence as it was approaching Guangzhou, and that the aircraft landed uneventfully at 9.10 am…

Singapore to study viable decarbonisation strategies in push for more sustainable urban environment The aim is to help best-in-class green buildings make an 80% improvement in energy efficiency from 2005 levels.

Bukit Sembawang prices 8@BT from S$2,530 psf About half of the 158-unit condominium are one- and two-bedroom units

#Brunch: Taking smugglers to tusk: Singapore’s firmer stance against illegal wildlife trafficking sends a big signal The move to classify wildlife offences under the Organised Crime Act will do more to nab ‘kingpins’, ra…

Has Warren Buffett lost his touch? Berkshire’s cash is no longer the only source of succour for big companies in a spot of bother, now that US$2.2 trillion in dry powder is burning a hole in private-equity barons’ pocket…

Tepid take-up of new guidelines on property agent commissions The new guidelines were meant to change the longstanding practice of private property buyers not paying a commission to the agents representing them.

#BTOpinion: Be careful what you wish for: Why a Fed cut makes life easier and harder for Asian central banks An expected reduction in US interest rates cannot come soon enough for some of Asia’s central banks, but their…

Distrii Singapore sues ex-CEO for allegedly causing its failure to pay CDL over S$2 million in rent The company claims Hu Yan had siphoned funds for her own benefit since 2020.

DBS names Calvin Ong as new Singapore consumer banking head He spent eight of his 17 years with DBS in the bank’s corporate treasury, where he was deputy corporate treasurer.

Rate cuts may boost esoteric fund financing but its unfamiliarity to S-E Asia’s lenders may be an issue New forms of financing could pop up with the expected cut in the US federal funds rate, but the region’s fund financ…

UOB prices £750 million in floating rate covered bonds This is the largest order book for the bank in British-pound covered bonds.

Start your day with BT ☕️: Stocks to watch: Nio Top stories 1. Companies: Undertaker Roland Tay fined S$12,000, ordered to pay penalty of S$529,321 for tax offences 2. Wealth: Grindr shareholder one of two expats-turned-…

Grindr shareholder one of two expats-turned-citizens in Forbes’ 50 richest list in Singapore Former hedge fund manager George Raymond Zage III is at 48th place, and his US$900 million fortune comes largely from LGBTQ dat…

🏆 BT’s Ang Guangzheng wins Experiential Treat prize at SGX Orb Awards Congrats to BT's head of video Ang Guangzheng! His winning work - “13 blue-chip stocks to track after Budget 2024” - nabbed him the Experiential Trea…

MBS’ ban on ex-top exec sparks debate over fairness of ‘unwelcome person’ notices at IR The move was highly unusual, and while it does not contravene the Casino Control Act, the sweeping ban has sparked debate over wheth…

#BTOpinion: Upcoming Fed rate cuts may not have major implications for the next MAS decision Domestic considerations will continue to dominate Singapore’s upcoming monetary policy move in October.

Mice, spice and everything nice: Caterers see demand for green menus, tailored events Caterers’ sales grew year on year every month in the first half of 2024, official data shows.

Iswaran’s graft trial adjourned to Sep 24 The adjournment was a joint request from both the prosecution and defence.

Singapore and India ink 4 agreements, including on digital technologies and semiconductors The MOU exchange was witnessed by Singapore PM Lawrence Wong and Indian PM Narendra Modi during his visit to the city-state.

Singapore’s holidaymakers toast strongest dollar in a decade The Singapore dollar is close to a record against the Indonesian rupiah as well, and not far off highs against the yen.

#BTOpinion: Singapore’s Nasdaq-listed companies attracting all the wrong attention MoneySmart’s founder and chief executive officer Vinod Nair said that the offer was “unsolicited”, and the company followed up with its o…

Singapore retail sales up 1% in July on higher car sales Online sales accounted for 11.9 per cent, compared with June’s 12.1 per cent.

Making sense of Integrated Shield Plans’ premium hikes Ageing demographics and medical cost inflation are some reasons for the increase.

IHH Healthcare plans RM3.9 billion cash purchase of Penang’s Island Hospital, expects it to be EPS accretive in 2026 IHH says Island Hospital will add 600 beds and yield potential synergies, given that it will be running…