The Business Times

How Allies of Skin went from startup capital of S$250,000 to S$26 million in annual revenue “As a local brand, we have to venture out overseas before we’re taken seriously; that’s just how it is,” said Allies of Skin fou…

ICYMI: AEW sells Admirax in Woodlands for about S$155 million to family office Has investing in Singapore industrial properties become more attractive, with bigger positive carry? Or does this apply mostly to properties…

Singapore restaurants warn of losses amid challenging business environment Tung Lok Restaurants and Japan Foods Holding issue profit warnings for H1 based on preliminary assessments of unaudited financial results.

#Brunch: Singapore’s electric dream: 1 to EVs, 0 to hybrids so far; Here’s why Branded by critics as a skippable step to fully electric vehicles, a China-driven renaissance could make them relevant again.

Singapore factory output eases to 9.8% in September after previous month’s surprise surge Electronics production grew just 1.9% year on year, compared with 50% in August.

Measures to enhance cognitive resilience and reduce dementia risk With increasing longevity for many Singaporeans, it is essential to modify behaviours in order to lead meaningful and fulfilling lives. Brought to you by…

4 Asean members among those said to have Putin’s blessing to join Brics as partners Ties between the Kremlin and South-east Asia appear to be strengthening as Malaysia’s Anwar builds rapport with Putin, whom he has alrea…

PODCAST: Audi is making a groundbreaking shift to a direct-to-consumer model in Singapore. Markus Schuster, managing director of Audi Singapore, tells transport correspondent Derryn Wong the reasons behind the change. #t…

Banks, telcos, scam victims to share loss liability from Dec 16; financial institutions to roll out real-time fraud surveillance Rules set expectations of payouts for affected victims; require FIs and telcos to mitigate…

‘Are you on Xiaohongshu?’ More brands take to Chinese social media platform to woo mainland Chinese shoppers in Singapore “It’s very important for your brand to gain credibility from the local Chinese first, so they can…

China’s F&B operators eye Singapore’s fine-dining scene, looking to open upscale eateries Would you fork out $1,000 for a prized croaker or S$498 for stir-fried snow crab with glass noodles? At one upscale restaurant whi…

AEW sells Admirax in Woodlands for about S$155 million to family office Separately, an expression of interest for Bendemeer Centre is said to have drawn a handful of bids; asking price is S$145 million.

🏘 Here are the latest property updates: 1. URA’s office rental index for central region dips 0.5% qoq in Q3 2024 2. HDB resale prices up 2.7% in Q3; to launch largest sale of balance exercise 3. Singapore’s private home…

Stocks to watch: MPACT, Frasers Centrepoint Trust, Suntec Reit, CapitaLand India Trust Mapletree Pan Asia Commercial Trust's lower DPU for the second quarter comes amid lower contributions after the divestment of an asse…

Start your day with BT ☕️: 1. Property: AEW sells Admirax in Woodlands for about S$155 million to family office 2. Companies: Banks, telcos, scam victims to share loss liability from Dec 16; financial institutions to rol…

ComfortDelGro to acquire UK private hire, black cab provider for £269.1 million The addition of Addison Lee will extend the group’s London footprint and grow its taxi and private hire network to more than 34,000 vehicles…

Katrina Group to bring South Korean hamburger chain Lotteria to Singapore The fast-food brand first opened in 1979 and is known for its Korean-style burgers with localised and seasonal offerings.

Sim Lian sets new high for EC land with S$768 psf ppr top bid for Tampines site Developer’s S$465 million bid pips four other groups in strong showing for executive condo land sale.

Does Singapore’s F&B industry face an unsustainable future? Singapore had 5,560 restaurants with an industry operating revenue of S$3.85 billion in 2022, but industry operating expenditure was S$3.97 billion – meaning th…

MOH issues notice to revoke licence of MaNaDr Clinic for ethical violations The ministry believes there is an ‘entrenched culture of disregard for the applicable clinical and ethical standards’ within the clinic.

Condo resale prices up slightly in September; volumes dip amid new launches: SRX, 99.co Month on month, overall prices are up 0.8%.

VIDEO: Harris, Trump race to secure swing votes in deadlocked election Will Kamala Harris and Donald Trump’s outreach to undecided voters prove decisive? With two weeks to go, both candidates vie for key swing state vote…

Latest Singapore 6-month T-bill cut-off yield falls to 2.99% This is down from the 3.06% offered in the previous auction that closed on Oct 10.

Government ‘keeping options open’, to commence study on 38 Oxley Road site NHB intends to commence a study of the site to assess if its national historical, heritage, and architectural significance deems it worthy of pre…

Marina Bay Sands’ fourth tower to receive US$8 billion investment, expected to open in Jan 2031 Investment in the project, which was initially announced in April 2019 at a cost of US$3.3 billion, has since more than doub…

MBS Q3 performance hit by low hold, net revenue falls 9.5% to US$919 million The integrated resort saw a decline in top-line revenue across all segments this quarter.

Stocks to watch: Keppel, Mapletree Logistics Trust, ComfortDelGro, Hotel Properties Ltd Keppel's net profit for the third quarter ended September 2024 was lower year on year; Mapletree Logistics Trust plans to divest abo…

Stamford Tyres founder Wee Kok Wah dies at 78 He helmed the company for more than 50 years, growing it from a family-run business to a multinational firm operating in 11 countries.

Start your day with BT ☕️: 1. Singapore : Does Singapore’s F&B industry face an unsustainable future? 2. Companies : Singapore court orders trader to pay investor S$4.7 million after forex trade goes south 3. Companies :…

Higher Integrated Shield premiums likely in 2025; policyholders should take stock of affordability There is a need to guard against overconsumption of healthcare, which hurts all in the risk pool.