The Business Times

Ringgit hits strongest level versus Singapore dollar since 2021 The ringgit strengthened 0.2% to 3.0615 versus its Singaporean counterpart on Wednesday (Mar 18).

Malaysian ports eye rerouted cargo as Middle East tensions at Hormuz risk congestion Beyond the challenges facing port operators, the bigger question is whether the Strait of Malacca – one of the world’s busiest maritime…

Across land, sea and air, fuel price hikes drive up costs for passengers and operators in Singapore While Grab has offered private-hire car driver Muhammad Fauzi a S$40 fuel voucher to defray the higher costs, he said th…

Start your day with BT ☕️: Stocks to watch: Singtel, Suntec Reit, ComfortDelGro, Marco Polo Marine, Olam Top stories: 1. Property: Ong family of Green Bus Co fame sells Dunearn bungalow for S$55 million 2. Companies: Pay…

MAS issues prohibition orders against ex-bankers involved in S$3 billion money laundering scandal Wang Qiming, previously a relationship manager at Citibank Singapore, was given a 16-year prohibition order, and Liu Kai,…

ComfortDelGro introduces new temporary driver fee, increases meter fare to better support cabbies The temporary measures aim to support drivers grappling with higher operating costs as fuel prices rise.

Singapore car rental company and customer end up in tribunal over alleged unpaid deposit Singaporean Jayden Neo, 26, who is self-employed, is seeking an "unpaid balance" of S$11,000 for the lease of a Honda Civic.

Ong family of Green Bus Co fame sells Dunearn bungalow for S$55 million An old freehold bungalow in the Shelford Road area is being sold for S$55 million or S$2,274 per square foot on the land area of 24,190 sq ft.

[Update] Australian tea brand T2 Tea shuts all Singapore outlets as it looks to ‘reset’ Asia retail strategy “T2 Tea is currently operating in the strongest position we have seen in more than a decade," said a company sp…

Singapore sea freight companies hit with 50% fuel surcharge; war insurance premium also jacking up costs One firm had to reroute cargo of used car parts to Dubai via India, raising the shipping cost five times.

BYD, adidas on board as new sponsors of Singapore’s national marathon in December Previous title sponsor StanChart is the event’s official bank with naming rights to the 10 km category.

Johor Regent applies to build GCBs, low-density housing on Holland Road land; URA to rezone site The Regent of Johor (ROJ) has submitted a development application to build low-density housing and Good Class Bungalows on…

How many days can fuel reserves last in Asia? The closure of the Strait of Hormuz is putting Asia’s oil reserves under the spotlight, where Indonesia has less than a month's worth of reserves - a stark contrast to the re…

Work Permit levy hikes in 2028 could drive SMEs to automate, upskill workers: industry players The changes may also encourage SMEs to send foreign workers for training so they can qualify for higher-skilled tiers that at…

UK High Court rejects appeal on US$832.2 million case against Yangzijiang Shipbuilding units The claims, brought in 2022, relate to shipbuilding contracts for 10 vessels totalling US$900 million.

Start your day with BT ☕️: Stocks to watch: Singapore Airlines, Singtel, Yangzijiang Shipbuilding Top stories: 1. Companies: Scoot passenger traffic up 17.4% in February; SIA Group’s passenger traffic rises 3.8% 2. Singa…

Australian tea brand T2 Tea shuts all outlets in Singapore When BT visited the Suntec City branch on Monday (Mar 16), most of its stock had been cleared from the shelves.

How electronic bills of lading are speeding up global trade Trade documents that once took days to transfer can now move in hours. Brought to you by IMDA bt.sg/6qqR

Base salary under food services progressive wage model to rise to S$2,200 from Jul 1 This baseline monthly gross wage requirement for workers in the sector will be raised again in 2027 and 2028.

New private home sales dwindle to 246 units in February during Chinese New Year lull The Rest of Central Region, or city fringe, accounts for 41.9% of sales in February.

Migrants key to Singapore private housing’s long-term health amid low births Unless the low birth rate among residents can be dramatically reversed, what is critical for the private housing market’s prospects is whether…

As skittish investors head for the door amid Gulf war, STI listcos fork out S$150 million to pick up own shares Blue chips in the benchmark STI have not been spared, leaving its recently achieved 5,041.33 record high in…

From plastics to property, Malaysia’s Mah Sing builds its business empire on ‘trust capital’ From touring his father's plastics factory at 10 to leading one of Malaysia's top property brands, Lionel Leong believes the ha…

A fresh start for Jurong Lake District with Town Hall Link site released The release of the Town Hall Link site marks a restart of plans to build the largest mixed-use business district outside Singapore’s city centre.

Oil shocks send S-E Asia scrambling for alternatives, but cleaner mix is no easy choice If the Strait of Hormuz stays closed, Asia may have to turn to its crude oil inventories. But reserve levels vary - from Thailand's…

Start your day with BT ☕️: Stocks to watch: Acrophyte Hospitality Trust, Stoneweg Europe Stapled Trust, OUE Healthcare Top stories: 1. Companies: As skittish investors head for the door amid Gulf war, STI listcos fork ou…

Over 400 million barrels of emergency oil reserves to flow to global markets, starting with Asia immediately: IEA Buyers in Asia are most reliant on flows from the Middle East, so the speed of reserve releases is particu…

Private fund said to be buying 11 Mercatus retail assets for S$281 million The properties comprise private strata-titled retail space in Bukit Timah Plaza and the freehold Coronation Shopping Plaza, and nine HDB commerci…

Singapore’s energy is secure despite disruptions from Middle East conflict: Tan See Leng While imported gas fuels 95% of Singapore's electricity generation, half of it is piped and will not be affected. “I want to assure…

Singapore businesses brace for cost hit as Gulf conflict jacks up energy prices School bus and transport bus operators, too, are facing cost increases, but are locked into contracts, said Ang Yuit, president of the Assoc…