The Business Times

Start your day with BT ☕️: Stocks to watch: CapitaLand Ascendas Reit, Seatrium, Sembcorp, mm2 Asia, Singapore Paincare Top Stories: 1. Singapore: Changan, Huawei, CATL-backed luxury EV brand Avatr to be distributed by Pr…

US trade court blocks Trump’s ‘Liberation Day’ tariffs A US trade court ruled that Trump overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the US than they buy.

SingHealth Duke-NUS’ AI spin-off inks MOUs with Roche, ST Engineering to improve healthcare operations Possible uses for the Enigma platform include accelerating clinical trial recruitment, checking specialised data.

CapitaLand Ascendas Reit to buy Tai Seng data centre, Science Park building for S$700.2 million The deals will be partly funded by a proposed private placement of new units, which aims to raise gross proceeds of at least…

Heritage bakery Old Seng Choong heads to China despite economic uncertainty It will be supplied by manufacturer Foodgnostic, which also supplies the group’s other Singapore brands such as Cat & the Fiddle.

Singapore households’ debt up, but assets growth more than keeps pace There has not been a situation in the last 20 years where a typical family has more debts than assets, which is when household net worth turns negativ…

Singapore Savings Bond demand falls short; 10-year average return drops to 2.56% The June tranche receives a total of S$302.9 million in applications for the S$500 million on offer.

Two in five businesses expect economy to worsen in the year ahead: SBF survey Domestic-oriented hotels, restaurants and accommodations sector are most pessimistic.

Government may remove 15-month wait-out period when HDB resale prices begin to moderate: Chee Hong Tat The temporary measure was introduced in 2022 to moderate demand and prices for resale flats.

Singapore’s real wages rise at faster rate of 3.2% in 2024; more firms give salary bumps: MOM Real wage growth in 2024 is highest since Covid-19.

‘A GPS for stem cells’: TargaZyme’s Singapore CEO wants to cure cancer “Unlike other areas in medicine, which primarily treat side effects of the disease, I really wanted to cure patients without all the toxic side effec…

Asian ports reported to be congested; average waiting time in Singapore is up to 1.5 days Singapore’s berthing times are averaging 12 to 36 hours because of vessel bunching and congestion, says liner Hapag-Lloyd.

Not contradictory for individual Asean members to engage US on tariffs: PM Wong While Asean may not be ‘uppermost’ on the US’ mind, the bloc will welcome engagement by the US when it is ready, he says. Asean to push bila…

Start your day with BT ☕️: Stocks to watch: OCBC, Amara, Valuetronics Top Stories: 1. Singapore: Not contradictory for individual Asean members to engage US on tariffs: PM Wong 2. Companies: Asian ports reported to be co…

Singapore-based Quadria’s 3rd healthcare fund closes at US$1.1 billion, above US$800 million target “This has been one of the most difficult, complex fundraising environments that we’ve ever witnessed... even worse than…

#BTOpinion: Beyond training, Singapore’s legal industry needs a culture shift to curb attrition A post-call survey found that 60% of newly-minted lawyers were likely to move out of legal practice within the next five yea…

HSBC cuts dozens of analyst jobs in investment banking overhaul The latest revamp comes as CEO Georges Elhedery continues to streamline the lender to increase efficiency.

A third of employers raising their reliance on contract, flexi-work hires: Jobstreet survey While permanent employment is in demand, 31% of employers say they are increasing their reliance on contract, part-time staff an…

Acting Transport Minister Jeffrey Siow replaces Desmond Lee in Singapore Economic Resilience Taskforce Teo Siong Seng, the newly-elected chairman of the Singapore Business Federation (SBF), will also replace former chair…

Peirce Hill bungalow owned by wife of 3AC’s Kyle Davies sells for S$37 million The price of the property, which is in the Ridout Park Good Class Bungalow (GCB) Area, works out to S$2,144 psf on the freehold land area of…

Volvo Cars to cut 3,000 jobs in restructuring The layoffs come as Volvo tries to resurrect its rock-bottom share price and drum up better demand for its cars.

Mining giant BHP joins Oracle, Grab, PwC with AI Hub in Singapore The hub will bring together a team of AI specialists to lead collaborations between BHP and local partners.

Four energy companies from Malaysia, Singapore, Vietnam ink deal to explore clean energy export from Vietnam The alliance reflects a growing momentum towards a regionally integrated Asean Power Grid.

Hillcrest Arcadia’s S$920 million en bloc tender closes with no bids Located in District 11, Hillcrest Arcadia has about 50 years left on its lease, which dates back to 1975.

Start your day with BT ☕️: Stocks to watch: Sembcorp, Bukit Sembawang, SBS Transit, Boustead Top Stories: 1. Companies: Asia’s rich trim US exposure, head to Europe amid tariff turmoil 2. Companies: ‘A GPS for stem cells…

Tampines Changkat MP Desmond Choo resigns from SBS Transit’s board after Cabinet appointment This follows his appointment as Minister of State for Defence last Friday.

KKR eyes bigger share of private wealth market as it targets US$1 trillion total AUM KKR’s Singapore office manages around US$10 billion. Of this, US$4.3 billion is invested in companies such as the V3 Group and ST Telem…

Park Hotel Management and Allen Law’s legal battle results in landmark High Court judgment for insolvency law In a related claim, CapitaLand unit Ascendas Hospitality Reit, another Park Hotel creditor, will not be able t…

Asean must strengthen external ties in new growth areas, even as integration continues: PM Wong Noting that Asean was formed at the height of the Cold War, PM Wong said that while the circumstances are different, today’s…

Logistics reimagined: More young people in Singapore are drawn to tech-related roles in the field Schenker Singapore has seen a 150% increase in the number of new employees aged 35 and below in the year between April 202…