The Business Times

Start your day with BT ☕️: Stocks to watch: IHH Healthcare, NeraTel Top stories 1. Companies: CICT’s proposed acquisition of stake in Ion Orchard ‘opportune’; S-Reits expected to make more buys 2. Wealth: Making sense of…

CICT’s proposed acquisition of stake in Ion Orchard ‘opportune’; S-Reits expected to make more buys| Interest-rate cuts are imminent, and market appetite for equity fund-raising is improving, say analysts.

Doctor Anywhere grows revenue 58%, narrows losses in 2023 Patient and related services, which include consultations, clinical treatments, and sales of medicines and health and wellness-related products and services, cont…

SIA checking Rolls-Royce engines in A350 planes after Cathay cancels dozens of flights There is currently no impact on Singapore flights operating with the A350-900.

#BTOpinion: Silverlake Axis should ask IFA to push the boundaries in assessing take-private offer This will underscore the board’s independence on the matter, and signal its confidence in the value creation capacity of t…

Global family office wealth to nearly double to US$9.5 trillion by 2030: Deloitte It is projected to grow 73 per cent to US$9.5 trillion in 2030, while family office wealth in Apac is expected to double to US$2 trillion.

All COE premiums up; mainstream car and motorcycle categories lead the way Mainstream car premium up by nearly 3 per cent, motorcycles up more than 5 per cent.

Singapore tax revenue up 17% to S$80.3 billion in FY23/24 due to ‘strong economic, wage growth’ Tax revenue rises across most categories, although Stamp Duty collection dips slightly due to lower property transaction vol…

PropertyGuru sinks deeper into the red with S$16.1 million Q2 loss However, the group’s revenue for the second quarter rose 10.3 per cent to S$40.7 million, from S$36.9 million in the year-ago period.

No mpox Clade I cases detected in Singapore so far; alert level not raised to ‘public health threat’ yet “We have been developing many contingency plans since the Covid-19 pandemic,” said Minister for Health Ong Ye Kung.…

HDB mature estate prices dip in August, million-dollar flat sales fall amid Ghost Month lull: SRX, 99.co The number of million-dollar resale transactions falls to 104, from 120 units in July.

Rise in foreign buying of luxury homes in Singapore in Q2 a sign of market thawing after cooling? Around 25% of all Indian cross-border wealth is held here, making Singapore the top centre for Indian wealth, notes a prop…

Singapore drivers can pay S$39 fee to collect Malaysia VEP tag at Woodlands counter from Sep 18 From Oct 1, a valid VEP is required for all foreign-registered vehicles entering Malaysia from Singapore by land.

Start your day with BT ☕️: Stocks to watch: CapitaLand Integrated Commercial Trust, ComfortDelGro Top stories 1. Property: Foreign buying of luxury homes picks up in Q2 after four quarters of contraction 2. International…

Nvidia suffers record US$279 billion rout as AI worry sinks stocks Nvidia shares tumbled 9.5%, wiping out US$278.9 billion in the biggest loss of value ever for a US stock.

Asia to be Food Empire’s top brew as coffee giant percolates expansion plans In doing so, the group aims to balance the risks associated with geopolitical instability and currency volatility, particularly in its traditio…

Temasek-backed biotech Oxford Nanopore wants to make genetics tech accessible to startups London-listed Oxford Nanopore Technologies is working with Singapore to catalogue 10,000 genes, which can help to pinpoint how gen…

Johor Bahru’s co-working spaces thrive on Singapore’s nearshoring, cost-efficient solutions Many companies are waiting for updates on the JS-SEZ, and the demand for shared or flexible working spaces will likely accelerat…

ST Engineering unveils AI deepfake detection platform The software will be sold as an AI-as-a-Service platform called Einstein.AI to customers who need “trusted and explainable verifications of media content.”

iFast, analysts refute short-seller claims that business is unsustainable A recent short-seller report raised doubts about the sustainability of iFast’s Hong Kong ePension division’s revenue, the health of the company’s…

Income Insurance’s IP claims inflation outpaces that of medical cost Income Insurance says its premium increase for restructured hospital plans is the first in nine years. “The premium increase is necessary to ensure tha…

Li Ka-shing’s luxury mall sits empty as Chinese spending plunges China’s collapse in high-end spending has shaken investor confidence in luxury brands as companies from LVMH to Richemont and L’Oreal report falling sales…

[UPDATE] Apex court denies Iswaran’s third attempt to obtain written statements The Court of Appeal did not give permission to his lawyers to make its bid for the statements.

Concorde Hotel and Shopping Centre up for collective sale at S$820 million If successful, shop owners stand to get S$746,000 to S$12.1 million. HPL, which owns more than 80% of the entire property, could get over S$650 m…

5 in 7 insurers to raise Integrated Shield Plan private hospital premiums, some by double digits Lifetime premiums of the most costly private hospital plans may approach or even exceed S$800,000.

CICT to acquire 50% stake in Ion Orchard from sponsor for S$1.1 billion The deal is expected to be immediately accretive to the trust’s distribution per unit.

Start your day with BT ☕️: Stocks to watch: CapitaLand Investment, Silverlake Axis, Ossia International Top stories 1. Companies: 5 in 7 insurers to raise Integrated Shield Plan private hospital premiums, some by double…

Singapore’s PMI improves in August to post highest reading in three years The linchpin electronics sector also hit its highest reading since September 2018.

New unproductive forces: the Chinese youth owning their unemployment He Ajun, 32-year-old Guangzhou-based vlogger, offers career advice to her 8,400 followers, charting her journey through long-term joblessness. “Unemplo…