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The Business Times

@biztimes

South-east Asia's leading financial news site.

For more breaking news: https://bt.sg/4zbZc

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The Business Times (English)

Are you looking to stay updated on the latest financial news in South-east Asia? Look no further than 'The Business Times' Telegram channel! With the username '@biztimes', this channel is the leading source for all things related to finance in the region. From breaking news to in-depth analysis, 'The Business Times' has got you covered.

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The Business Times

24 Jan, 13:07

Self-storage operators to move out of current locations after JTC review on land use

The impending moves follow a nearly four-year JTC review to accommodate increasing demand from the self-storage operators such as Lock+Store and StorHub, amid limited industrial land.

https://bt.sg/szd5
2,190
The Business Times

24 Jan, 12:31

OCBC CEO meets key Great Eastern deal holdouts on US$1 billion bid

She tried to persuade them to support OCBC’s attempt to buy up all the shares it doesn’t own in Great Eastern.

https://bt.sg/yt8b
2,894
The Business Times

24 Jan, 11:31

Crypto’s richest man CZ turns venture capital firm into giant family office

A billionaire turning his business into a family office after a brush with authorities is not entirely without precedent.

https://bt.sg/cEig
3,522
The Business Times

24 Jan, 10:32

Tiktok’s possible buyers, from Elon Musk to MrBeast

“I have a warm spot for TikTok that I did not have originally,” Trump said while signing the order from the Oval Office.

https://bt.sg/pxCD
4,181
The Business Times

24 Jan, 09:33

Climate Impact X’s ex-CEO Mikkel Larsen dies at 50

The company says he was a sustainability pioneer, and an individual who sought to protect wildlife and push for animal rights and nature conservation.

https://bt.sg/ehFa
4,546
The Business Times

24 Jan, 09:06

Preventing stroke: A guide to lowering your risk and achieving a healthier life

There are many things one can do to achieve a stroke-free life.

Brought to you by Royal Healthcare

bt.sg/5dKTr
4,462
The Business Times

24 Jan, 08:06

JPMorgan boosts Jamie Dimon’s pay to US$39 million after record profit

This comes as JPMorgan, the biggest US bank, beat its own record for the highest annual profit in the history of American banking.

https://bt.sg/bv4f
4,695
The Business Times

24 Jan, 07:47

Cross-border disputes are now more complex. Who can help businesses resolve them?

BRANDED CONTENT: Emerging technologies are causing unique legal challenges in transnational disputes.

bt.sg/ufMo
4,534
The Business Times

24 Jan, 07:17

Grab contributed as much as 0.8% of Singapore GDP in 2023: report

Grab added S$5.2 billion to Singapore’s economy.

https://bt.sg/4M8MM
4,748
The Business Times

24 Jan, 06:45

Single women, rich millennials will fuel luxury real estate this year

The world’s rich are on the move. It is anticipated that 135,000 high-net-worth individuals are migrating to new countries in 2025, up from 128,000 in 2024.

https://bt.sg/MftP
5,025
The Business Times

24 Jan, 05:15

#Brunch: CEO shortcut? These MBA graduates are looking to be their own bosses by buying SMEs

Goh Aik Chuan, a 36-year-old former Uber operations manager, has launched Singapore’s first traditional search fund.

His goal? To raise money to buy an SME worth up to S$30 million.

https://bt.sg/kg7d
4,714
The Business Times

24 Jan, 04:01

Fewer residential completions, tight HDB resale supply seen propping up prices in 2025

The 6,974 resale flats expected to hit the market is the lowest in 11 years.

https://bt.sg/GUGN

HDB resale prices up 2.6% in Q4, taking full-year gain to 9.7%: https://bt.sg/9Zut
5,076
The Business Times

24 Jan, 03:04

📊 REITs results round-up

1. OUE Reit’s H2 DPU increases 8.7% to S$0.0113 https://bt.sg/6o42

2. MPACT Q3 DPU falls 9.1% to S$0.02 amid global headwinds https://bt.sg/wNYu7

3. Keppel DC Reit posts 13.2% rise in H2 DPU to S$0.04902 https://bt.sg/wYQKF

4. ESR Reit posts 15.9% fall in H2 DPU to S$0.00997 https://bt.sg/HkrX3
5,086
The Business Times

24 Jan, 02:15

Office rents in Singapore’s central region fall 0.9% qoq in Q4 2024, flat for whole year: URA

Islandwide vacancy rate drops to 10.6% as at end-Q4 from 11% as at end-Q3.

https://bt.sg/bnmj

🏬 Singapore central retail rents edge up 0.6% in Q4, rising 0.5% in 2024: https://bt.sg/sihv
5,055
The Business Times

24 Jan, 01:46

HDB resale prices up 2.6% in Q4, taking full-year gain to 9.7%

Five-room flats in Bishan were the most expensive in the fourth quarter of 2024, with a median price of $970,000.

https://bt.sg/9Zut

🏘 Singapore private home rents fell 1.9% in 2024 in first full-year decline since 2020: https://bt.sg/HHEE
5,330
The Business Times

24 Jan, 01:00

Start your day with BT ☕️:

Stocks to watch: Mapletree Pan Asia Commercial Trust, Keppel DC Reit, Suntec Reit, ESR-Reit https://bt.sg/6dh7

Top Stories:
1. Property: Fewer residential completions, tight HDB resale supply seen propping up prices in 2025 https://bt.sg/Ngkm

2. Property: Single women, rich millennials will fuel luxury real estate this year https://bt.sg/vtBk

3. Companies: Sportswear giants Adidas and Puma weighing job cuts https://bt.sg/6yGH
5,571
The Business Times

24 Jan, 00:13

MAS eases monetary policy settings, lowers 2025 core inflation forecast to between 1% and 2%

This is after core inflation moderated ‘more quickly than expected’.

https://bt.sg/p3vf
5,653
The Business Times

23 Jan, 13:02

Cathay Pacific to cut profit payout to staff by around 50%

It is only planning to distribute at least 4 weeks of eligible pay as part of its profit-sharing programme for 2024

https://bt.sg/sxDo
6,646
The Business Times

27 Oct, 13:02

OCBC sponsors S$1 million for new solar-powered electric cruisers at Gardens by the Bay

The initiative is expected to save almost 22,000 kWh annually, which can power close to 60 four-room HDB flats for a month.

https://bt.sg/yBHZ
4,069
The Business Times

27 Oct, 11:32

A bold step into the future

Patek Philippe has launched the Cubitus – its first all-new collection in 25 years.

https://bt.sg/4xNfW
4,995
The Business Times

27 Oct, 10:01

VIDEO: Who are buying HDB shophouses and why?

The recent rise of interest in HDB shophouses is mainly driven by local individuals and companies. Foreign buyers make up a small fraction of the market, likely deterred by the Additional Buyer’s Stamp Duty for the residential component of the property.

The stories you need to know at bt.sg
4,849
The Business Times

27 Oct, 08:31

How to sell a haunted house (or not)

Some houses considered “stigmatised” are the sites of grisly murders or criminal operations.

https://bt.sg/mbj6
4,922
The Business Times

27 Oct, 06:31

#BTLifestyle: US$50 million Singapore rug market draws Indian household name and Australian collab with local designers

With their presence on a bustling, city-centre street, the two rug-makers are also making themselves more accessible to people buying soft furnishings for their homes.

https://bt.sg/hXD8
5,298
The Business Times

27 Oct, 04:25

UOL, CapitaLand move to buy Thomson View Condo for S$810 million

The sale would be the biggest en bloc acquisition since 2023.

https://bt.sg/AxDJ2
5,602
The Business Times

27 Oct, 03:03

Temasek-backed Xora Innovation views commercial success as key for its portfolio of deep tech startups

The VC aims to grow Singapore-born ventures to the point where they have large revenues with good unit economics, and headroom to expand.

https://bt.sg/KT9M
5,749
The Business Times

27 Oct, 01:01

Keppel’s ‘moat’ gives it an edge in the data centre business: CEO

Loh Chin Hua sees company’s direct access to green infrastructure and funds as a way for segment to grow.

https://bt.sg/rvP4
5,683
The Business Times

26 Oct, 12:01

The Big Four

The launch of a new F P Journe timepiece is a big event for serious watch fans. What’s even better is when a quartet of new models are unveiled.

https://bt.sg/K6bV
6,369
The Business Times

26 Oct, 10:02

#BTLifestyle: Innovating Italian traditions at Somma

Mirko Febbrile redefines Puglian cuisine with his genre-bending restaurant at New Bahru.

https://bt.sg/kAHF
6,047
The Business Times

26 Oct, 08:01

#BTOpinion: Is your company mired in the culture wars? Stop fighting

A simple recipe for leaders of organisations in polarised times: Plead institutional neutrality on issues that don’t touch your core mission.

https://bt.sg/k5z9
6,153
The Business Times

26 Oct, 06:00

#BTLifestyle: Lim Tze Peng: Chronicling Singapore’s evolution – and his own – through Chinese ink

A curated selection traces the progression of his artistic style as well as that of his country, from rustic kampungs to a bustling city.

https://bt.sg/gHs3
6,001
The Business Times

26 Oct, 03:54

Malaysia eyes more tax revenue from subsidy cuts for ‘ultra rich’, but who exactly are they?

Based on Malaysia’s income survey in 2022, the top 15% of earners are households with combined monthly incomes of at least RM13,500 (S$4,112).

https://bt.sg/J3gsM
6,178
The Business Times

26 Oct, 02:02

How Allies of Skin went from startup capital of S$250,000 to S$26 million in annual revenue

“As a local brand, we have to venture out overseas before we’re taken seriously; that’s just how it is,” said Allies of Skin founder Nicolas Travis.

https://bt.sg/F5xm
6,339
The Business Times

26 Oct, 00:01

ICYMI: AEW sells Admirax in Woodlands for about S$155 million to family office

Has investing in Singapore industrial properties become more attractive, with bigger positive carry? Or does this apply mostly to properties on sites not under JTC Corporation's purview?

https://bt.sg/jojF
5,283
The Business Times

25 Oct, 13:02

Singapore restaurants warn of losses amid challenging business environment

Tung Lok Restaurants and Japan Foods Holding issue profit warnings for H1 based on preliminary assessments
of unaudited financial results.

https://bt.sg/aMsf
6,084
The Business Times

25 Oct, 11:31

#Brunch: Singapore’s electric dream: 1 to EVs, 0 to hybrids so far; Here’s why

Branded by critics as a skippable step to fully electric vehicles, a China-driven renaissance could make them relevant again.

https://bt.sg/FNNm
5,822
The Business Times

25 Oct, 10:02

Singapore factory output eases to 9.8% in September after previous month’s surprise surge

Electronics production grew just 1.9% year on year, compared with 50% in August.

https://bt.sg/wpTZD
5,750
The Business Times

25 Oct, 09:17

Measures to enhance cognitive resilience and reduce dementia risk

With increasing longevity for many Singaporeans, it is essential to modify behaviours in order to lead meaningful and fulfilling lives.

Brought to you by Royal Healthcare

bt.sg/kcYg
5,726
The Business Times

25 Oct, 08:31

4 Asean members among those said to have Putin’s blessing to join Brics as partners

Ties between the Kremlin and South-east Asia appear to be strengthening as Malaysia’s Anwar builds rapport with Putin, whom he has already invited to the next Asean Summit.

https://bt.sg/8H9r

#BTExplains: What you need to know about the bloc’s rising influence https://bt.sg/qDWq
5,856
The Business Times

25 Oct, 08:07

PODCAST: Audi is making a groundbreaking shift to a direct-to-consumer model in Singapore. Markus Schuster, managing director of Audi Singapore, tells transport correspondent Derryn Wong the reasons behind the change. #transportbt #btpodcasts

🎧 Listen here: bt.sg/pbTZ

Also available on Amazon, Apple, Spotify & YouTube Music
5,755
The Business Times

25 Oct, 07:01

Banks, telcos, scam victims to share loss liability from Dec 16; financial institutions to roll out real-time fraud surveillance

Rules set expectations of payouts for affected victims; require FIs and telcos to mitigate phishing scams.

https://bt.sg/KBe5
5,708
The Business Times

25 Oct, 05:31

‘Are you on Xiaohongshu?’ More brands take to Chinese social media platform to woo mainland Chinese shoppers in Singapore

“It’s very important for your brand to gain credibility from the local Chinese first, so they can later help advocate your products to their friends and family in China," says a local retailer hoping to reach out to more mainland Chinese shoppers in Singapore through Xiaohongshu.

https://bt.sg/iefY4
6,113
The Business Times

25 Oct, 04:03

China’s F&B operators eye Singapore’s fine-dining scene, looking to open upscale eateries

Would you fork out $1,000 for a prized croaker or S$498 for stir-fried snow crab with glass noodles?

At one upscale restaurant which recently opened in Suntec City mall, response has been “overwhelmingly positive”.

https://bt.sg/pLYE
6,216
The Business Times

25 Oct, 02:31

AEW sells Admirax in Woodlands for about S$155 million to family office

Separately, an expression of interest for Bendemeer Centre is said to have drawn a handful of bids; asking price is S$145 million.

https://bt.sg/jojF
5,366
The Business Times

25 Oct, 01:30

🏘 Here are the latest property updates:

1. URA’s office rental index for central region dips 0.5% qoq in Q3 2024
https://bt.sg/aNnK

2. HDB resale prices up 2.7% in Q3; to launch largest sale of balance exercise
https://bt.sg/fE48

3. Singapore’s private home prices down 0.7% in Q3, less than earlier estimated, while rents rise 0.8%
https://bt.sg/ePRD
5,340
The Business Times

25 Oct, 01:00

Stocks to watch: MPACT, Frasers Centrepoint Trust, Suntec Reit, CapitaLand India Trust

Mapletree Pan Asia Commercial Trust's lower DPU for the second quarter comes amid lower contributions after the divestment of an asset in July; Frasers Centrepoint Trust's DPU remains unchanged from a year prior.

https://bt.sg/yHns
5,321
The Business Times

25 Oct, 00:00

Start your day with BT ☕️:

1. Property: AEW sells Admirax in Woodlands for about S$155 million to family office https://bt.sg/Jtoji

2. Companies: Banks, telcos, scam victims to share loss liability from Dec 16; financial institutions to roll out real-time fraud surveillance https://bt.sg/6v2E

3. Lifestyle: China’s F&B operators eye Singapore’s fine-dining scene, looking to open upscale eateries https://bt.sg/z4gG
5,535
The Business Times

24 Oct, 13:02

ComfortDelGro to acquire UK private hire, black cab provider for £269.1 million

The addition of Addison Lee will extend the group’s London footprint and grow its taxi and private hire network to more than 34,000 vehicles globally.

https://bt.sg/8iGo
6,464
The Business Times

24 Oct, 12:01

Katrina Group to bring South Korean hamburger chain Lotteria to Singapore

The fast-food brand first opened in 1979 and is known for its Korean-style burgers with localised and seasonal offerings.

https://bt.sg/7W4b
7,181
The Business Times

24 Oct, 11:03

Sim Lian sets new high for EC land with S$768 psf ppr top bid for Tampines site

Developer’s S$465 million bid pips four other groups in strong showing for executive condo land sale.

https://bt.sg/AE8t
6,460
The Business Times

24 Oct, 10:02

Does Singapore’s F&B industry face an unsustainable future?

Singapore had 5,560 restaurants with an industry operating revenue of S$3.85 billion in 2022, but industry operating expenditure was S$3.97 billion – meaning that on average, each restaurant incurred a loss of S$21,000.

https://bt.sg/nNFT
6,541
The Business Times

24 Oct, 09:16

MOH issues notice to revoke licence of MaNaDr Clinic for ethical violations

The ministry believes there is an ‘entrenched culture of disregard for the applicable clinical and ethical standards’ within the clinic.

https://bt.sg/eaH6
6,655
The Business Times

24 Oct, 07:30

Condo resale prices up slightly in September; volumes dip amid new launches: SRX, 99.co

Month on month, overall prices are up 0.8%.

https://bt.sg/amjF
6,645
The Business Times

24 Oct, 06:01

VIDEO: Harris, Trump race to secure swing votes in deadlocked election

Will Kamala Harris and Donald Trump’s outreach to undecided voters prove decisive? With two weeks to go, both candidates vie for key swing state votes in a deadlocked contest but with radically different messaging.

The stories you need to know at bt.sg
6,673
The Business Times

22 Oct, 13:01

HSBC revamps organisational structure; names Pam Kaur as group CFO

Pam Kaur will be HSBC’s first female financial chief since the bank’s establishment in 1865.

https://bt.sg/bmU7
2,831
The Business Times

22 Oct, 12:01

Some 14,000 new homes planned in Sembawang and Woodlands

More than 80% will be set aside for public housing flats, with the first BTO project slated to launch in February 2025.

https://bt.sg/oUZYL
3,552
The Business Times

22 Oct, 11:02

Airbus A380 finds favour with airlines amid planemakers’ delivery delays

These super jumbos are particularly useful to increase capacity in slot-constrained airports given their seat capacity, say consultants.

https://bt.sg/4jRsD
3,972
The Business Times

22 Oct, 09:50

UOB issues largest 3-year panda bond among foreign issuers at 5 billion yuan

The bank could become the first financial institution to list a panda bond on SGX.

https://bt.sg/aDRp
4,688
The Business Times

22 Oct, 08:41

Sand Castle mansion lists for US$108 million in San Diego record

“I take pride in the entire property, but another part I am especially proud of is the nautical-themed bar, which resembles the bar on my yacht,” says its tech billionaire owner.

https://bt.sg/erkd
4,935
The Business Times

22 Oct, 07:30

Why the green, digital economies are a strategic focus for Singapore and Asean

At the recent Asean Summit in Laos, PM Wong brought up these priority areas in almost all his speeches and bilateral meetings.

https://bt.sg/4qLTW
4,931
The Business Times

22 Oct, 07:13

PODCAST: Transform your travel experience and save significant amounts of money with air miles accumulation. #moneyhacks #btpodcasts

🎧 Listen here: bt.sg/wUR5L

Also available on Amazon, Apple, Spotify & YouTube Music
4,872
The Business Times

22 Oct, 06:23

‘I am a political refugee,’ says Lee Hsien Yang; reveals he sought asylum in 2022

Lee Hsien Yang left Singapore on Jun 15, 2022, after the police asked him and his wife Lee Suet Fern to assist in investigations.

https://bt.sg/qDot
5,081
The Business Times

22 Oct, 05:02

Seatrium bags S$100 million in contracts for repairs, upgrades

The new contracts encompass a range of “complex projects” including carbon capture and storage retrofits.

https://bt.sg/kxrE
5,313
The Business Times

22 Oct, 03:39

Singapore to import low-carbon electricity from Australia’s mega solar project

With over US$170 million invested thus far, the conditional approval gives SunCable the go-ahead to move on to the next development phase.

https://bt.sg/FnUC
5,555
The Business Times

22 Oct, 03:01

Dyna-Mac chief AC Lim stays cool amid takeover offer tussle, remains focused on steady growth

After taking the helm in 2020, CEO AC Lim managed to bring Dyna-Mac back from the brink of bankruptcy - so much so that the company is now the subject of a voluntary conditional cash offer from South Korea’s Hanwha.

https://bt.sg/ueHL
5,552
The Business Times

22 Oct, 01:45

Singapore seeks proposals on regulatory sandbox for virtual power plants

“To increase the sustainability of our power supply, we will need to develop and study every possible decarbonisation pathway, while safeguarding our energy security and cost competitiveness,” said Deputy Prime Minister Gan Kim Yong.

https://bt.sg/gUmB
5,608
The Business Times

22 Oct, 00:26

Start your day with BT ☕️:

Stocks to watch: Keppel, Sembcorp, Seatrium, Keppel Reit, AcroMeta https://bt.sg/Aj6b

1. Companies & Markets: HDB shophouses gaining ground among investors https://bt.sg/4do3h

2. Companies: Dyna-Mac chief AC Lim stays cool amid takeover offer tussle, remains focused on steady growth https://bt.sg/uP6A

3. ASEAN: Malaysia’s GDP growth likely slowed to 5.3% in Q3, easing from 18-month high https://bt.sg/opGPk
5,966
The Business Times

21 Oct, 13:01

HDB shophouses gaining ground among investors

Are HDB shophouses the new hot investment? Transactions for shop assets in public housing estates are rising, thanks to relatively high yields of 4-6%

https://bt.sg/Ghpi

➡️ Who are buying HDB shophouses and why? https://bt.sg/Ne56
6,657
The Business Times

21 Oct, 11:46

#BTOpinion: Downside-protected ETFs probably aren’t worth your time, unless you’re short on time

Such ETFs try to provide investors the best of both worlds: investing in strong equity markets, such as the S&P 500, while limiting losses.

https://bt.sg/uG6s
6,735
The Business Times

21 Oct, 10:36

#BTOpinion: Government agencies should step up communications on outlier property transactions

Government agencies should proactively provide context to outlier property deals for the benefit of consumers and ultimately market stability.

https://bt.sg/mKsm
6,557
The Business Times

21 Oct, 09:21

Singapore tourism receipts up 5.9% in Q2 on year, in line with arrivals

International visitor arrivals also jumped 14.8% to 3.9 million.

https://bt.sg/w363d
6,689
The Business Times

21 Oct, 08:16

Frasers Centrepoint Trust rides on resilience of prime suburban malls in Singapore

CEO of FCT’s manager says big is better to keep ahead of competition, sees progressive wage model increasing propensity to spend in catchment areas.

https://bt.sg/Gacp
6,527
The Business Times

21 Oct, 07:02

Penalties for pollutive light commercial vehicles push buyers to switch to heavier vehicles instead

“Now we see more diesel-powered heavy goods vehicles registered, and the result is the opposite of what the Commercial Vehicle Emissions Scheme is trying to achieve,” says an industry player.

https://bt.sg/nXEbn
6,765
The Business Times

21 Oct, 05:46

Mixing hotpot with horsepower. Have Chinese car gimmicks gone too far?

In promotional videos, Zeekr's vice-president Yang Dacheng was seen enjoying a hotpot meal in the MIX minivan, which can seat four people and, evidently, a table groaning under several ingredients.

https://bt.sg/EjZj
6,909

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