The Business Times

Singapore on radar for 74,000 ultra-rich UK foreign residents hit by tax change An immigration advisory firm has prepared “backup plans” for some 30 non-dom centimillionaire families – those with at least liquid investab…

#BTOpinion: Against the odds: Aussie billionaire Cannon-Brookes snags conditional green light to power Singapore Sun Cable’s audacious plan to sell solar to Singapore via the world’s longest undersea cables is ‘back in b…

Penang property boom fuelled by strong demand from tourism and tech sectors Penang, which ranks third in Malaysia for property transactions, has a strong history of capital appreciation with bungalows appreciating by 16%…

BYD Q3 revenue rises 24% year on year to 201.1 billion yuan, eclipses Tesla for first time As consumer demand for electric cars wanes, BYD has been insulated more than Tesla considering its strong lineup of hybrid vehicl…

Manulife cuts 2.5% of staff in wealth and asset management unit The move was made “in an effort to leverage our global operating model and focus on high-growth priorities”, a spokesperson said.

Karaoke operator Goodwill Entertainment aims to hit the right notes in Catalist IPO, raise S$6.5 million in net proceeds Shares in IPO are priced at S$0.20 apiece and its founder is seeking growth in F&B and Malaysia.

Malaysian ringgit set for biggest monthly decline since 2015 The ringgit is down more than 6% against the US dollar in October, putting it on pace for its biggest monthly loss since August 2015.

Some 3,500 new homes to be marketed in November as developers rush out launches The last time there was a wave of launches was in July 2018. Market watchers say the rush follows strong sales at recent launches.

#BTOpinion: MaNaDr’s exit highlights need for tighter telemedicine audits As telemedicine becomes more widespread, patients need assurance that remote healthcare providers hold themselves to the same standards as traditi…

Samsung’s sudden US$122 billion wipeout shows the cost of sleeping on AI With the recent crisis in its chip business, Samsung issued a rare apology to investors earlier this month for disappointing results.

#BTOpinion: Banks should look to educate customers for better returns Rather than creating new products which introduce debt, perhaps there should be a renewed focus on financial literacy.

Luckin Coffee, Haidilao and other China chains may be suffering indigestion from regional expansion Fang Zhizhong, founder of the Singaporean restaurant chain Putien, cautions against rushing into overseas ventures. “Goi…

PODCAST: What are ways to elevate our financial standing and enhance our income? Howie Lim speaks with Wall Street Journal best-selling author Candy Valentino to find out. #btpodcasts #moneyhacks 🎧 Listen here: Also ava…

Sheng Siong’s Q3 net profit up 12.6% on the back of higher revenue Revenue grew 5% year on year to S$363.2 million, driven by the opening of five new stores over the same period.

Singapore digital economy shrank 2.3% in 2023; efforts to help SMEs adopt generative AI underway: IMDA The digital economy accounted for 17.7% of national GDP, which exceeds that of the financial services and insurance s…

Ong Beng Seng back in court; granted permission to leave Singapore for business The 78-year-old, who appeared in the State Courts with his lawyer just before noon, has to provide additional bail of S$800,000 for a work-r…

MAS sets up finance and technology network to be chaired by Ravi Menon GFTN will replace Elevandi, a not-for-profit entity previously set up to foster dialogue between people and businesses in the financial technology fi…

Companies must consider FX exposure risks when tapping South-east Asia’s rapid growth Effective currency hedging is about managing risks to meet financial objectives, says HSBC’s Ravi Murthy. Brought to you by HSBC bt.sg…

SGX launches Hong Kong SDRs to allow portfolio diversification, exposure to mega-cap listcos SGX’s new Hong Kong SDR, available for trading from Oct 30, will cover Alibaba, Tencent, BYD, HSBC and Bank of China.

Stocks to watch: Hongkong Land, Mapletree Industrial Trust, CapitaLand Ascott Trust, Cordlife Hongkong Land to exit the build-to-sell residential development business and pivot to fund management; Cordlife will hold an E…

Start your day with BT ☕️: 1. Companies: SGX to launch trading in BYD, Alibaba, Tencent, HSBC and BOC via depository receipts 2. Companies: Companies must consider FX exposure risks when tapping South-east Asia’s rapid g…

UK’s wealthy ‘non-doms’ set sights on Singapore over Budget tax threat More ultra-rich foreigners are looking to relocate to Singapore from the UK, in light of potential tax changes under Britain's new Labour government,…

20,000 additional COEs to be available from February 2025 More COEs for all vehicle categories to be added in the next few years in the ramp-up to ERP 2.0 and lower vehicle usage.

StarHub says mobile network restored after hours-long outage on Oct 29 StarHub said that some customers faced a disruption to their mobile internet connectivity during a software upgrade early on Oct 29 morning.

Hongkong Land to exit build-to-sell business, pivot to fund management, eyes Reits The group intends to grow assets under management from US$40 billion today to up to US$100 billion by 2035.

Temasek says Trump win would slow global growth “I know the conventional wisdom and consensus is that right now a Trump presidency is better for markets,” says Temasek CIO Rohit Sipahimalani. “But as you look out to 2025…

Simba takes a bite out of telco market; StarHub has most to lose: Maybank This comes amid rising market share competition in the mobile and fixed broadband segment between Simba and the incumbents such as StarHub and Sin…

CDL to launch Union Square Residences; prices Havelock Road project from S$2,848 psf Prices start at S$1.38 million for one-bedders at the city-fringe condo.

No time for a holiday? A ‘workation’ could be the answer Take that Zoom call on a white sandy beach, or crush deadlines before hitting the slopes in Japan.

Singapore’s total employment growth more than doubles in Q3, retrenchments dip MOM said retrenchments decreased or remained stable across different sectors, with business reorganisation and restructuring remaining the to…