The Business Times

‘Stripping away any meaningful authority’ of CDL’s chairman is a ‘coup’: Kwek Leng Beng Sherman Kwek’s bid to remove Catherine Wu was “attempt to distract everyone from the matter at hand”, says director Philip Yeo.

#Brunch: Does airline loyalty pay? Frequent fliers take off for more rewarding horizons Singapore Airlines (SIA), too, changes the criteria for its KrisFlyer programme every now and then – at times incurring so much wrat…

LBC rates up between 0.1% and 3% on average for commercial, residential, industrial and hotel use groups Land betterment charge rates for place of worship and civic and community institution use group is raised by 6% on…

Citigroup mistakenly credits customer account US$81 trillion in ‘near miss’ There were 10 near misses of US$1 billion or more at Citi last year.

Mother and son jailed 2 weeks each over lying in ‘99-to-1’ property purchase arrangement This is the first prosecution and conviction over a stamp-duty audit.

Genting’s Lim Kok Thay to step down as CEO, Tan Kong Han to take over He will remain as executive chairman of its board of directors. Genting Malaysia stocks tumble after news of CEO change; Singapore counter holds relat…

Ong Beng Seng to plead guilty on April 2 He faces two criminal charges in relation to dealings with former minister S Iswaran.

Costs and competition are unavoidable, but the government will help businesses transform: PM Wong PM Wong said the government will provide short-term support to businesses “without blunting the incentive for them to rest…

🎧Interview with Catherine Wu Dr Wu, named by CEO Sherman Kwek as being the trigger for the split in CDL's board, is secretary-general of GeekCon International, an initiative of Dark Navy, an independent security researc…

The path to longevity begins with death prevention An extended lifespan is achievable, but it requires discipline in maintaining good health. Brought to you by Royal Healthcare. bt.sg/oqD4R

Australia taxi fraud cases driven by cabbies, not the company: ComfortDelGro Systems that could be abused for fradulent charges in around 9,000 cabs have since been changed.

3 men charged with fraud in case allegedly linked to Nvidia chips The men are Singaporeans Aaron Woon Guo Jie, 41, and Alan Wei Zhaolun, 49, and Chinese national Li Ming, 51.

HPL H2 profit nosedives 94.4% to S$32.1 million; S$0.04 per share final dividend proposed Its earnings per share stands at S$0.0547, down from S$1.1024 in H2 FY2023.

Olam H2 profit falls 83.4% to S$38.4 million, pares proposed dividend to S$0.03 per share Company blames earnings slide on higher net finance costs, exceptional losses. ➡️Olam shares fall 11% amid steep profit drop

Start your day with BT ☕️: Stocks to watch: IHH Healthcare, Jardine C&C, Olam, ComfortDelGro, Sheng Siong Top Stories: 1. Singapore: Sherman Kwek: CDL board rift sparked by action to rein in Catherine Wu, Kwek Leng Beng’…

Who is Catherine Wu, the woman said to have a ‘long relationship’ with Kwek Leng Beng? Wu, a Taiwanese celebrity, first met Kwek Leng Beng in Taiwan in 1992, at a dinner party. “I didn’t expect that this chance encounter…

Sherman Kwek: CDL board rift sparked by action to rein in Kwek Leng Beng’s adviser Catherine Wu “(She) has been interfering in matters going well beyond her scope, and she wields and exercises enormous influence. These m…

What's the deal with Singapore's job market right now? Graduates fresh out of university are finding it harder to find full-time permanent jobs, with the proportion dropping below 80%. 🌱 For more takes on life, career a…

Budget debate: Higher EP quotas for SMEs, more non-traditional sources among MPs’ foreign labour ideas These moves will help businesses better utilise resources and stay competitive, says nominated MP Mark Lee.

Rajah & Tann appoints Ng Kim Beng as managing partner; Patrick Ang remains vice-chairman of group The leadership changes take effect on Apr 1; new exco appointments to come.

#BTOpinion: Kwek family feud sours CDL’s prospects, but can catalyse value unlocking If 84-year-old Kwek Leng Beng is firmly in the driver’s seat, he can try cementing his long legacy at CDL with a bold restructuring tha…

Trump tariffs on North America hint at first stirrings of what’s to hit South-east Asia Notwithstanding short-term gains, the export-dependent region is likely to face an economic blow from a broader trade war, analysts…

CDL saga has ‘no impact on Hong Leong Asia’, says HLA CEO The company has been awarded best managed board for companies with a market capitalisation between S$300 million and S$1 billion at the Singapore Corporate Awards…

Latest Singapore six-month T-bill cut-off yield slips to 2.75% Auction receives S$20.1 billion in applications for the S$7.5 billion on offer.

Even as MAS plans an SGX revival, privatisations are still taking place Five privatisations have been announced so far this year, including Cuscaden Peak’s offer for Paragon Reit.

MPs raise concerns over business costs, effective training on first day of Budget debate But others stress the social need for wage increases, despite the cost implications for companies.

Heavy selling wipes S$1.5 billion off Yangzijiang Shipbuilding’s value as its shares plummet 16% Subsequent broker downgrades exacerbated the sell-off, says DBS in a note.

📈 Here's a round-up of these companies' earnings: 1. Sembcorp H2 profit rises 14% to S$471 million 2. ST Engineering H2 profit rises 19.6% to S$365.7 million 3. Centurion H2 net profit almost doubles to S$226.6 million…

Start your day with BT ☕️: Stocks to watch: ST Engineering, CLI, Yangzijiang Shipbuilding, Sembcorp, Golden-Agri Top Stories: 1. Singapore: MPs raise concerns over business costs, effective training on first day of Budge…

Two new CDL directors will not exercise any powers until further notice from court: Kwek Leng Beng CDL executive chairman Kwek Leng Beng was referring to CDL’s new independent directors Jennifer Duong Young and Wong Su Y…