The Business Times

NTUC calls for more support for platform workers if CPF is introduced NTUC noted that platform workers generally have modest incomes and may have insufficient savings in their CPF for their housing and retirement needs.

Brokers’ take: CGS-CIMB upgrades Sea to ‘add’ as losses narrow CGS-CIMB upgraded its call on Sea Ltd to “add” from “hold” as it believes Sea's strategic shift to focus on profitability has begun to bear fruit.

Use digital innovations to boost trade, enhance financial inclusion, PM Lee tells G20 leaders Singapore has entered into new digital economy agreements with Australia, South Korea and the United Kingdom, and PM Lee is ho…

‘So much worse this time’: FTX wreck a bitter pill for long-time crypto investors “This isn’t a failure of crypto. It’s just completely criminal,” said a 24-year-old Singaporean tech employee who has 10 to 20% of his ass…

Malaysians abroad scramble to meet voting deadline amid late ballot deliveries Upon receiving her ballot paper, a Singapore-based voter had just four days to complete the voting process including sending the ballot forms…

Sembmarine paints less rosy picture in H2, cites higher labour cost, slower improvement in repairs and upgrades SembMarine says it is still feeling the "residual effects" of Covid-19 measures related to skilled labour re…

Majority of G20 nations strongly condemn Russian invasion of Ukraine: draft declaration Russia does not appear deterred, launching missile strikes against the Ukraine capital Kyiv late at night.

OCBC offers fixed deposit placements for CPF ordinary account savings at 3.4% a year Amid the competition for cash as savers turn to higher yielding government bonds, OCBC has launched a 12-month fixed deposit product fo…

Indian singer, businessman Shael Oswal sells Sentosa villa for S$32m, below 2012 S$39m purchase price The amount is S$7 million or 18% lower than the S$39 million Oswal paid for in 2012, when he bought the property from…

E-commerce and credit business push Sea’s Q3 2022 revenue up 17.4%; 2022 guidance revised down Revenue growth was driven mainly by the e-commerce and other services segment, which surged 50.9% from US$1.3 billion to US$2…

Platform worker protections to be unveiled next week, possibly with new employment category While details of the long-awaited recommendations were not disclosed, the committee’s vice-chair said that they will be implemen…

Pay rise to surpass pre-Covid-19 levels; inflation to eat into wages In 2023, the average pay rise in Singapore is expected to reach 3.75%, more than the 3.65% seen in 2022.

SIA flies 2.3m passengers in October; group capacity at 71% of pre-Covid levels Year on year, group capacity was up 109.7%, reaching 71% of pre-Covid-19 levels during October.

Media entertainment company NoonTalk to raise over S$4.8m in SGX IPO The company, led by founder Dasmond Koh who is also a television host, is offering 22 million shares at an expected price of S$0.22 each.

DBS, OCBC raise fixed home loan rates to up to 4.3%: What home buyers need to know DBS continues to have a home loan specially for home owners of public housing flats at 2.6% a year – similar to the current HDB concessio…

Economic interdependence between US and China aids national security too: Tharman “Interdependency is not going to assure us of peace – there’ll be constant friction... – but it’s much safer than a world that’s decoupled…

Climate change is longer-term threat to food and energy security: PM Lee Prime Minister Lee Hsien Loong said recurring waves of Covid-19 globally and Russia’s ongoing war against Ukraine have exacerbated global food and…

Credit Suisse cuts senior bank jobs in Asia as overhaul begins Among the bankers let go were the Asia-Pacific head of equity capital markets, the head of ratings advisory, and two other Singapore-based bankers.

Singapore stocks in travel, China business stand to benefit from China’s reopening CapitaLand Investment, Keppel Corporation and Raffles Medical Group were among the stocks UOBKH singled out for their material exposure t…

FTX collapse blows a hole in crypto’s decentralised promise The cruel irony of FTX’s collapse is that some investors had parked their holdings there because they perceived it as a relatively safe option.

#BTOpinion: Singtel, StarHub lack clear enterprise strategy to drive longer-term performance While both telcos still have very substantial and profitable consumer operations, margins on consumer services have been hit as…

Amazon plans largest-ever layoffs, targeting devices, retail, HR The layoffs could begin as soon as this week, sources say.

Sea e-commerce arm Shopee cuts jobs in third round of layoffs this year, including in Singapore This is at least the third round of job cuts Shopee has made this year, following its most recent layoffs in September.

#BTOpinion: Gear’s break-up and delisting lowballs minority investors and does nothing for the environment More galling than the miserly exit offer, Golden Energy and Resources (Gear) has rationalised the whole corporate…

London loses its status as biggest European stock market to Paris Economic growth concerns weigh on UK assets, while China’s relaxation of Covid rules boosts French luxury shares.

World leaders gather in Bali for fraught G20 summit overshadowed by Ukraine war Other pressing issues include climate change, food security, and rising tensions over the Taiwan Strait, the South China Sea and North Korea…

Collaboration and growth opportunities between Germany and Singapore remain, despite headwinds: DPM Wong Germany is Singapore’s largest trading partner in the EU, Wong added, noting that its presence in Singapore has gro…

National Wages Council calls on employers to raise wages by 5.5-7.5% in new guidelines These guidelines apply to employees who are earning a gross monthly wage of up to S$2,200, the threshold of the 20th percentile wage…

Regulations cannot protect consumers from losses in crypto markets, says MAS “MAS has been continually reminding the general public since 2017 that dealing in cryptocurrency is highly hazardous,” said a MAS spokesperson.