The Business Times

Haidilao co-founder’s family buys second bungalow in Cluny Hill, for S$85 million A family member of Haidilao co-founder Shi Yonghong is understood to have bagged a freehold bungalow in Cluny Hill for S$85 million. The p…

JPMorgan will hire more for AI, fewer bankers, CEO Dimon says “I think it will reduce our jobs down the road,” J.P. Morgan CEO Jamie Dimon said. "We will be hiring more AI people and fewer bankers in certain categories,…

Who would buy Vietnam’s state-owned stakes – when Hanoi is ready to sell? Vietnam is set to be upgraded to secondary emerging market status later this year, which could pull billions of dollars into its stock market. 📩G…

Some things to know about Teo Siong Seng, the Singapore shipping veteran accused by US of price collusion Born in December 1954 in Singapore, SS Teo is the son of the late billionaire Chang Yun Chung, who founded Singama…

Goldman CEO slides into Elon Musk’s DMs during bid to lead SpaceX IPO With banks jockeying to get their name first on the deal, Goldman Sachs CEO David Solomon worked with employees to message Musk directly on X, his soc…

Asean must balance energy security with sustainability to power its future, say panellists at BT-UOB Sustainability Impact Dialogue Greater regional cooperation through the Asean Power Grid is crucial to secure sustainab…

Singtel seeks clarity on telco consolidation after M1-Simba fallout; weighs Reit IPO Singtel group CEO Yuen Kuan Moon says an environment with four telcos is “definitely not sustainable".

Why Singapore overtook Indonesia to become S-E Asia’s largest stock market – and what happens next The total market capitalisation of companies listed on SGX has climbed to about US$644 billion, surpassing Indonesia’s st…

Singamas shares plunge after US DOJ allegations against CEO Teo Siong Seng Hong Kong-listed Singamas Container’s shares fell sharply after US Department of Justice (DOJ) allegations of price fixing involving its chief ex…

Collapse of M1-Simba deal reveals chinks in Singapore’s cursed telco consolidation dream Singapore’s push to liberalise its telco sector and introduce a fourth operator was meant to shake up incumbents and lower prices.…

Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned Gardenia Foods is the latest home-grown company to shift food manufacturing out of Singapore - and it may not be t…

Singtel H2 net profit down 20.9% at S$2.2 billion; telco open to Aussie minority partner in Optus For the six months, the group’s underlying net profit rose 10.6% for H2, to S$1.4 billion from S$1.3 billion previously.

Start your day with BT ☕️: Stocks to watch: Singtel, CDL Top stories: 1. Companies: Singtel H2 net profit down 20.9% at S$2.2 billion 2. Companies: Singapore shipping veteran Teo Siong Seng and other container firm execs…

Former Citiraya CEO hit with fresh charges spanning corruption, money laundering Ng Teck Lee, the former CEO of electronic waste-recycling company Citiraya Industries, is said to have made more than US$51 million from hi…

Singapore welcomes competition for AI leadership; not a zero-sum game: Gan Kim Yong Singapore is happy to work with any other country who wants to compete for AI leadership, “to make progress together”, said DPM Gan Kim…

StanChart CEO faces backlash over ‘lower-value human’ remarks, with Halimah Yacob calling them “disturbing” Among the critics was former Singapore President Halimah Yacob, who condemned StanChart CEO Bill Winters’ termin…

Commercial vehicle COE premium up 5.4% to new record of S$92,223 For May’s second round of bidding, the mainstream car category is the only premium to dip, down 0.4% to S$124,229.

OCBC outbids banks on HSBC Indonesia deal by wide margin: sources OCBC substantially outbid rivals in a recent deal to buy HSBC Holdings’s retail and wealth assets in Indonesia, by more than US$100 million in most cases,…

AI replaces ‘lower-value human capital’, StanChart CEO says “We don’t have job losses, but we do have job role reductions in favour of the machines,” said Standard Chartered CEO Bill Winters, delivering a blunt message o…

[JUST IN] Gardenia axes over 100 staff in Singapore as it relocates bakery production to JB The move is part of “ongoing efforts to enhance operational efficiency and maintain competitiveness amid an increasingly challen…

OpenAI picks Singapore for first Applied AI Lab outside US in S$300 million push to tap ‘incredible talent here’ It will create 200 jobs and expand access to AI tools and expertise. “There’s incredible talent here, which…

Government to help 10,000 SMEs integrate AI into their operations over the next three years “We will help 10,000 enterprises use AI meaningfully,” said Minister for Digital Development and Information Josephine Teo at th…

Singapore staff first to go in Meta’s 8,000 global job cuts The company began notifying workers around the world on Wednesday (May 20) morning, starting with employees in Singapore, who got the note at 4 am local time.

Start your day with BT ☕️: Stocks to watch: Hongkong Land, Yangzijiang Shipbuilding, SIA, Sembcorp, Delfi Top stories: 1. Singapore: Nuclear power: Singapore to undertake IAEA review on decision-making ability 2. Markets…

#BTOpinion: Think hard about embracing the new CPF life-cycle investment scheme Don't scoff at earning at least 2.5% per annum on CPF savings in an unpredictable world, says BT's Leslie Yee.

StanChart Singapore to hire more wealth bankers amid plans to cut over 7,000 jobs globally According to the bank’s website, there are around 9,000 employees in Singapore, accounting for about 10% of the global count.

‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI “We used to have around 3,000 production engineers, but with AI, these numbers will be much lower. For a leader, this means I have to f…

Want to beat rising inflation? These SGX-listed funds and stocks offer dividends of at least 3% The iShares US dollar (USD) Asia High-yield bond index ETF leads the pack with a 7.3% dividend yield.

Temasek unlikely to meet 2030 climate targets, says CEO Dilhan Pillay In the current global landscape, ‘the transition will be far more uneven, contested and non-linear’, says Temasek CEO Dilhan Pillay.