The Business Times

Mainstream car COE premium spikes by 4.6% to S$94,000 This comes after a drop of S$10,000 in November’s second round of bidding.

Bali bets big – new US$3b airport and LRT to tackle overtourism challenges Last year, Bali welcomed 5.2 million foreign tourists, a staggering 144% increase from 2022, reflecting a robust rebound in international travel.

HDB resale prices up 0.9% in November, but volumes decline: SRX, 99.co Resale prices in mature estates grow 1%, while prices in non-mature ones are up 0.2% from the previous month.

Major updates to improve taxi, private-hire car sector in Singapore effective from January As part of the new rules, users of ride-hailing applications will be able to indicate their need for child seats or extra boot sp…

ExxonMobil considering sale of Singapore petrol stations for US$1 billion: sources The potential sale comes amid a dip in global demand for petrol as electric vehicle adoption revs up.

“Singapore and Hong Kong are growing so fast because the Asean region and Mainland China are getting wealthy fast." Russian money ‘not our business’, says StanChart CEO Bill Winters, as bank doubles down on wealth manage…

19-year manhunt for S’porean tycoon involved in S$72 million embezzlement case ends in JB Ng Teck Lee, 58, was the chief executive officer and president of then listed recycling firm Citiraya Industries.

South Korea shares tumble in early trade amid uncertainty; authorities pledge ‘unlimited’ liquidity Finance ministry’s announcement comes after martial law declaration pushed won to multi-year lows overnight.

Stocks to watch: Digital Core Reit, Marco Polo Marine Digital Core Reit to vote on the proposed acquisition of an additional stake in a data centre in Frankfurt; Marco Polo Marine H2 net profit falls 41.5% on lower reven…

Start your day with BT ☕️: 1. International: South Korea‘s President Yoon backs down after declaring martial law 2. International: Russian money ‘not our business’, says StanChart CEO Bill Winters, as bank doubles down o…

South Korea president declares emergency martial law “To safeguard a liberal South Korea from the threats posed by North Korea’s communist forces and to eliminate anti-state elements... I hereby declare emergency martial…

The world’s super rich are moving to Dubai, but keeping their assets in Singapore, Switzerland “Dubai is really thriving in the capital they have, but when you compare it with Singapore, being more established, it just s…

PODCAST: Explore effective ways to safeguard your finances from dementia's impact. Howie Lim speaks to Helen Shen, group head of products at Singlife, for insights. #btpodcasts #moneyhacks 🎧 Listen here: Also available…

Singapore medical insurance costs projected to rise by 12% next year: survey The top factor driving rising costs on a global level was medical practitioners recommending too many services, indicated the survey.

Trump says will ‘block’ Nippon Steel from taking over US Steel “Through a series of Tax Incentives and Tariffs, we will make US Steel Strong and Great Again, and it will happen FAST!” Trump wrote on his Truth Social plat…

Wheels up for intra-Asean travel: Singapore consumers’ regional spending outpaces other overseas expenditures Significantly more local than regional consumers use multi-currency cards. Brought to you by UOB bt.sg/x72F

ExxonMobil is said to weigh sale of US$1 billion Singapore gas stations A sale of the gas stations in Singapore would allow ExxonMobil to raise cash to deploy in other areas of higher growth potential, sources say.

Vietnam court upholds death sentence for tycoon in US$12 billion fraud case Real estate tycoon Truong My Lan's appeal against a conviction for embezzlement and bribery was rejected.

#BTOpinion: Pick listed property equities over an investment home People who are bullish on private homes might wish to consider buying shares of listed property development and investment groups instead of physical home…

Singapore PMI up 0.2 point in November, echoes improved regional factory activity The improvement may be due to a front-loading of production and exports ahead of Trump’s proposed tariffs, economists say.

DBS hires private bankers for rich Russians as rivals balk The minimum requirements for Russian clients to get DBS private banking services are US$20 million, about five times higher than the assets other private banking…

Trimming the cat: Jaguar to become electric-only niche luxury brand, and make under 60,000 cars a year Jaguar will no longer compete with BMW and Mercedes-Benz in mainstream luxury, but will create a smaller range of ent…

Start your day with BT ☕️: Stocks to watch: Yangzijiang Shipbuilding, CapitaLand Investment, Dasin Retail Trust, Sembcorp Industries Top Stories 1. Singapore: Singapore PMI up 0.2 point in November, echoes improved regio…

FedEx throws weight behind freight to fire up Apac growth engine It would be “a waste if we don’t seize that opportunity and penetrate into the freight forwarding market”, said Eric Tan, managing director of FedEx Expres…

JS-SEZ poised to attract ‘China Plus One’ investments with fast-tracked approvals, tax incentives Trump’s potential trade tariffs and escalating geopolitical tensions could disrupt global supply chains, making the JS-SEZ…

#BTOpinion: MAS is right to resist push for even looser leverage requirements for Singapore Reits A more liberal regulatory stance towards these trusts – including the ones that are here just for the external manager mod…

Bitcoin stalls short of US$100,000. What next? Some market players are already looking ahead to the next big resistance of US$200,000 as they view breaching US$100,000 to be a matter of time.

🥂Good news, BT readers! Starting this week, we will be lifting the paywall on our Lifestyle stories Enjoy full access to our coverage from food to travel, design, arts and more. Selected past articles will also be progr…

F&B business openings slow so far in 2024, but observers say industry remains attractive The formation rate of new F&B entities for the first nine months of 2024 is just 11%, down from 14% the year before.

Singapore’s energy sector to offer highest bonuses in 2025, transport firms lead salary increments: survey 91% of polled employers in the transport, logistics and automotive sector intend to raise salaries by 3% or more.