The Business Times

Singapore F&B businesses survived Covid, only to be killed by rising costs and competition, with thousands closing In the first nine months of 2024, 2,465 F&B businesses ceased operations, with an average of 274 closures…

🍽 Embark on a gastronomic adventure with BT Club’s first late-night dining experience at Tiong Bahru's Dirty Supper on Nov 2. The six-course supper menu will feature signatures like Dirty Supper’s sourdough and chicken…

SIA Group passenger capacity up 9.7% in September, outpacing passenger traffic growth In total, the national carrier and its low-cost arm Scoot carried 3.1 million passengers that month.

Prime and Plus flat buyers to give up 6-9% of resale price under new HDB BTO subsidy clawback They are also subject to tighter resale and rental conditions.

Stocks to watch: SIA, CDLHT, Straits Trading, Civmec, Food Innovators SIA and its low-cost arm Scoot flew 3.1 million passengers in September, up 7.9% year on year; CDL is acquiring an upscale lifestyle boutique hotel in…

Start your day with BT ☕️: 1. Property: Three adjoining shophouses in Bugis area sell for S$72 million 2. Companies: SIA Group passenger capacity up 9.7% in September, outpacing passenger traffic growth 3. Singapore: Gov…

Three adjoining shophouses in Bugis area sell for S$72 million An affiliate of Clifton Partners is said to be buying the 999-year leasehold properties, which are next to a corner unit that recently sold for S$42 million.

#BTOpinion: Lessons for SGX from Bursa Malaysia’s success SGX could revise its IPO processes to accommodate innovative but currently loss-making sectors, similar to Bursa’s approach in industries such as healthcare and t…

VW, BMW and Mercedes are getting left in the dust by China’s EVs Mercedes, BMW and Audi “can hardly be seen as luxury cars now,” says a Guangdong-based entrepreneur who sold her electric Porsche Taycan and bought an ET5…

Government will carefully consider issues related to 38 Oxley Road: MND URA and BCA say they have "not received any application in respect of 38 Oxley Road", in light of Lee Hsien Yang saying that he is applying to demol…

MRT disruptions should be separated from how public transport fares are set: Chee Hong Tat Chee said that while the Public Transport Council had previously thought about linking fare reviews to disruptions and service le…

⚠️ Attention BT Subscribers: Tell us what you think! Help us enhance our offerings to better meet your needs by taking part in our short survey, that takes just 10-15 minutes. Have your say here: btsub.sph.com.sg/survey…

New private home sales bounce back in September after seasonal lull 401 new private homes - excluding ECs - were sold in September, representing a 90% recovery from the prior month.

Higher MediShield Life claim limits and premiums from Apr 2025; S$4.1 billion government support The policy year claim limit will increase from S$150,000 to S$200,000 to provide greater protection for patients facing exc…

Three Jalan Besar shophouses back on the market at S$44 million, after earlier deal stalls According to a previous report, the deal involved Crescendas Group chairman Lawrence Leow and his family for a purchase price S$3…

AGC seeks 20 years for OK Lim’s jail term, defence asks for 7 years The prosecution highlighted that Lim’s offences have tarnished Singapore’s reputation as a leading oil trading hub.

Economists bump up Singapore’s 2024 growth forecast after Q3 surprise At least two economists expect full-year growth to exceed official estimates of 2 to 3%.

Singapore draws S$5.4 billion in H1 investment commitments, on track for full-year target: Gan Kim Yong Companies, including large MNCs, may reduce or exit their operations in Singapore due to market shifts or changes in…

Allianz to consider revisions to proposed Income deal; says it respects Singapore government’s position Allianz said: “We respect the government’s position and will assess the situation with Income Insurance and NTUC Ent…

Start your day with BT ☕️: Stocks to watch: Dyna-Mac, ST Engineering Top stories: 1. Property: Three Jalan Besar shophouses back on the market at S$44 million, after earlier deal stalls 2. Singapore: Singapore draws S$5.…

[JUST IN] Lee Hsien Yang moves to tear down 38 Oxley Road house He shared in a Facebook post that he intends to “build a small private dwelling to be held within the family in perpetuity” in the demolished asset’s place.

[Commentary] Rejection of Income-Allianz deal: Timely and in stakeholders’ interests While it affirms how seriously the government regards Income’s role and mission, it’s also a cautionary tale to any interested entity,…

#BTOpinion: Sabana Reit better off if major unitholders not represented on board of new internal manager Would-be directors should commit to purchasing S$1 million worth of units in the market to align interest with unit…

Not uncommon for charges to be amended on the way to courts: Chan Chun Sing on Iswaran trial He adds that Singapore’s high standards do not deter ‘good people’ from joining public sector boards, and that there is no need…

A diplomat’s wish for Singapore, UK to be ‘the closest of tech partners’ Both countries will mark 60 years of diplomatic relations in 2025 with high-level two way visits, says new British High Commissioner to Singapore N…

Surging property prices put Vietnam’s major cities among the least affordable in S-E Asia Ho Chi Minh City is now one of the most unaffordable cities in South-east Asia for locals, surpassing the likes of Bangkok, Jakart…

#BTOpinion: Tough restrictions aside, HDB Plus and Prime BTO flats are good buys This new HDB framework aims to keep flats affordable to all income groups, maintain a good social mix in every town, and keep the system fa…

[Breaking] Government rejects Income-Allianz insurance deal in current form, but door remains open to any new arrangement “The government has assessed the proposed transaction and has decided that it would not be in the…

Japanese F&B operator Food Innovators Holdings aims for Singapore listing to be springboard to Asia “If we are listed in Singapore, we will be known to a lot of people in Asia (and) our credibility will also increase,” s…

WP chief Pritam Singh lied to downplay his responsibility in Raeesah Khan’s untruth, says prosecution Singh had on two different occasions told Khan to maintain her lie, said the prosecution on Oct 14, the first day of S…