The Business Times

Piyush Gupta reflects on his 15 years as DBS CEO as he prepares to hand reins to Tan Su Shan He will retire on March 28. DBS says Piyush Gupta led bank to be among the top-performing globally:

Oei Tiong Ham Park GCB on the market for S$42.8 million Interest in this sector reignited last year, driven by younger Singaporean high-net-worth individuals, says Savills.

Start your day with BT ☕️: Stocks to watch: Mandarin Oriental, Sats Top Stories: 1. Property: Oei Tiong Ham Park GCB on the market for S$42.8 million 2. Companies: Smaller family offices may face ‘onerous’ challenges due…

DBS CEO Piyush Gupta's pay package jumps 56.5% to S$17.6 million in 2024 He received a total remuneration of S$17.6 million for the financial year ended Dec 31, 2024, representing a 56.5% year-on-year increase from about…

Former ST Engineering CEO Tan Pheng Hock passes away The engineering veteran grew ST Engineering from a Singapore-centric company to one with global presence.

Get that Bag: Handbags are the best performing luxury investments in 2024 “The ultimate classic handbag, the Hermes Birkin in black Togo leather, is now more valuable than ever when sold on the secondary market,” said a…

🏘 Here's a round-up of property announcements today in Parliament: 1. First Mount Pleasant BTO flats to be launched in October 2. Silver Housing Bonus scheme extended to more private property owners who downsize 3. Deve…

COE premiums close mostly higher, mainstream car premium almost flat Large car, commercial vehicle, motorcycle and open categories rose.

Singapore rejects separate COE category for private-hire cars, but will further support taxi fleet growth The allocation between private-hire cars and private cars is “best left to the market”, said Senior Minister of St…

SGX expands HK depository receipts with Ping An, Xiaomi and Meituan The bourse plans to include more Thai and Hong Kong depository receipts by mid-2025.

Elias Green condo up for en bloc sale at S$928 million guide price This translates to a land rate of S$1,355 psf ppr.

🔥 From an NTU eatery to 7 outlets, A Hot Hideout spices up Singapore’s mala scene Breaking even in just 3 months and over S$10 million in revenue in 2024; how did A Hot Hideout survive the cut-throat F&B industry and fi…

Singapore banks return capital but draw mixed sentiments; earnings stay resilient in Q4 They recorded continued recovery in loans, even as interest rate cuts in late 2024 weighed on their net interest margins. Dividend a…

China sets GDP target at about 5% despite US tariffs This marks the third straight year has China maintained that goal, but repeating it again will be difficult.

Start your day with BT ☕️: Stocks to watch: HPL, Singapore Exchange, CDL Top Stories: 1. Companies: Singapore banks return capital but draw mixed sentiments; earnings stay resilient in Q4 2. Companies: (Opinion) The real…

CDL saga: Catherine Wu, adviser to Kwek Leng Beng, resigns from M&C role In a statement late on Tuesday (Mar 4), Kwek said that she has resigned from her post as an “unpaid independent adviser” with immediate effect.

Sea reverses from red with Q4 earnings of US$237.6 million, but misses estimates Revenue for the quarter was US$5 billion, up 36.9% year on year from US$3.6 billion.

Billionaire Peter Lim’s son named as new president of Valencia football club The announcement came hours after Peter Lim, 71, refuted recent media reports that he is looking to sell his majority stake in the relegation-t…

Hearing fixed in April for court case between CDL’s Kwek Leng Beng and son Sherman The elder Kwek had sought an injunction in his suit filed in the High Court on Feb 25 against the two new directors, Jennifer Young and W…

Genting’s leadership shake-up signals new era for one of Asia’s most powerful family empires After nearly two decades, Lim Kok Thay’s exit as CEO of Genting Berhad marks a defining shift in Malaysia’s sprawling business…

China hits back at US with up to 15% tariff on American farm goods Beijing also placed 25 US firms under export and investment restrictions on national security grounds, moving the world’s top two economies a step closer…

The government will consider caning for certain scam-related offences Singapore will put more effort into detecting money mule activities in 2025, said Sun Xueling, Minister of State for the Ministry of Home Affairs.

US traders’ gold rush sparks Singapore’s bullion boom In January, Singapore's shipments to US hit 77% of 2024 total as institutional demand rises on stockpiling.

Trump says Japan, China cannot keep reducing value of their currencies “I have called President Xi, I have called the leaders of Japan to say you cannot continue to reduce and break down your currency... You cannot do it…

Citigroup copy-paste error almost sent US$6 billion to wealth account It happened in the same month that another part of the bank accidentally credited US$81 trillion to a different client.

Singapore needs to be realistic but not pessimistic in new world order: Vivian Balakrishnan “On the international stage, if you have to put your hand out for assistance, it means you have no say. It is a big advantage fo…

Start your day with BT ☕️: Stocks to watch: YZJ Shipbuilding, iFAST Top Stories: 1. Singapore: Singapore needs to be realistic but not pessimistic in new world order: Vivian Balakrishnan 2. Singapore: Servers likely cont…

Focus on corporate governance as Singapore shifts to more disclosure-based regulatory regime One market expert noted that Singapore’s investor protections fall short compared with the UK and US, where minority shareholde…

#BTOpinion: Kwek Leng Beng’s cousins, including Quek Leng Chan and Kwek Leng Kee, could swing the tide in battle over control of CDL Some of the key players who could swing the tide of the battle include Kwek Leng Beng’s…

Servers likely containing Nvidia chips exported to Malaysia may have been bound elsewhere: Shanmugam The case is casting a spotlight on entities based in Singapore and their role in channelling these chips to China and p…