The Business Times

Mainstream car COE plunges S$10,000 in largest price drop of 2024 Category A now under S$90,000 for the first time since June.

#BTOpinion: Shareholders can gain from DBS buying back shares, even at record prices Is it inopportune for DBS to buy back shares if it does so at prices which are at or close to historical highs?

Bankers need to be curious to navigate the shifting energy landscape: DBS’ Kelvin Wong Industry players are increasingly concerned about storage and grid capacities, says the lender’s head of energy, renewables and infra…

Condo rents up 0.5% in October; HDB rental market picks up slightly: SRX, 99.co HDB rental market is experiencing upward pressure on prices due to a constrained supply of available flats.

#BTOpinion: In bringing workers back to office, employers risk losing something more valuable In today’s labour market, employers have indisputable power to bring employees back to office. But should they? ➡️ In the retu…

Keppel DC Reit’s upsized private placement closes at S$2.09 apiece; equity fundraising totals S$1.1 billion The private placement draws ‘strong demand from new and existing unitholders globally’, says the manager.

Stocks to watch: CLI, Keppel DC Reit, Koh Brothers Eco, Frencken, GuocoLand CapitaLand Investment is buying a 40% stake in SC Capital Partners for S$280 million; GuocoLand led a top bid for a private housing site for abo…

Start your day with BT ☕️: 1. Companies: Bankers need to be curious to navigate the shifting energy landscape: DBS’ Kelvin Wong 2. Companies: (Opinion) Shareholders can gain from DBS buying back shares, even at record pr…

Malaysia boleh! Malaysia leads S-E Asia in IPOs with US$1.5 billion raised 2024 IPO listings Malaysia: 46 Indonesia : 39 Thailand: 29 Singapore: 4

GetGo drives revenues at a cost as bottom line turns red After making a small profit in 2022, GetGo turned loss-making in 2023, mostly because its administrative expenses went up twice year on year to US$15.3 million.

GuocoLand-led group tops three bids for Faber Walk site with $349.9 million bid at S$900 psf ppr The S$349.9 million bid translates to a land rate of about S$900 psf ppr for the Clementi area plot, at the higher end of e…

Johor-Singapore Special Economic Zone: The countdown begins The zone, which aims to bridge trade, investments and knowledge, spans more than 3,500 square km, or four times the size of Singapore.

#BTOpinion: Are suburban malls overly reliant on F&B for growth? Mall landlords should not have too high hopes that the F&B segment can make an ever rising contribution to rental revenue as shoppers go online and oversea…

Neuron Mobility’s Zachary Wang named EY Entrepreneur Of The Year 2024 Singapore Zachary Wang will go on to represent Singapore at the EY World Entrepreneur Of The Year awards in June 2025. ➡️AI-powered cameras and smart…

WeWork gives up Singapore locations in sign of co-working woes A WeWork spokesperson said that despite Singapore being a “priority market,” it has “made the difficult decision” not to renew leases at the two locations.

DBS, OCBC, UOB, Maybank syndicating Singapore’s biggest loan of S$12 billion for Marina Bay Sands MBS is seeking a loan of around S$12 billion, in what would be the largest financing from Singapore, as the company looks…

Apple said to offer US$100 million to undo Indonesia iPhone 16 ban This comes after Indonesia last month blocked sales of the iPhone 16 on the grounds Apple's local unit hasn’t met a 40% domestic content requirement for…

Resorts World Sentosa’s casino licence renewed for shorter 2-year term due to ‘unsatisfactory’ performance RWS’ licence renewal is notably shorter than the standard three-year term granted for casinos by Singapore’s Gamb…

Start your day with BT ☕️: Stocks to watch: Keppel, Genting Singapore, Silverlake Axis 1. ASEAN: Countdown is on as investors await details of Johor-Singapore special economic zone 2. Companies: Speculation grows over St…

Data centre Reit listings may come calling for Singapore’s equity market as conditions turn favourable Can Singapore become a hub for data centre Reit listings as interest rates fall and enthusiasm in AI rises?

StarHub, M1 may be posturing for subscribers ahead of potential merger by June 2025 At its Q3 earnings call, an analyst noted that StarHub reiterated that it was “well-positioned for sector consolidation” in the Singapor…

Another S$1.9 billion from major money-laundering case surrendered to the state The sum is part of a total of S$3 billion in cash and assets seized in August 2023 in Singapore’s biggest money laundering case.

HSBC managers are competing to keep their jobs in CEO’s revamp Interviews are already underway, sources say, pitting senior staff from the commercial banking division against those from the global banking and markets uni…

Singapore’s office market: A temporary pause or a prelude to a structural decline? The expansions and new set-ups from tech firms, which previously occupied large chunks of space in excess of 30,000 square feet, have dri…

OK Lim sentenced to 17 years and 6 months in prison Lim will be appealing the conviction and is still out on bail.

New York auction records expected for a Magritte... and a banana A fresh banana taped to a wall, supposedly a commentary on what qualifies as art, could go for US$1-1.5 million. This is the third iteration of the artwork…

Singapore e-commerce players report strong Singles’ Day sales Within the first 11 minutes, Shopee Singapore sold more than 100,000 items.

UOB payment services faces intermittent issues on Monday morning UOB said it is looking into the situation and will continue to provide updates as soon as it can.

#BTOpinion: Timing of DBS share buyback announcement and its CEO’s share sales was not a good look Companies do not explain how they came to the conclusion that the shares they are buying back in the market offer good lo…