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The Business Times The official page of The Business Times. Follow thrive. (by The Business Times) on IG: The Business Times is South-east Asia's leading financial daily.

We bring to our readers daily corporate, financial, economic and political news, analysis and commentary on print and digital platforms. This includes in-depth coverage of Singapore and Asian business and economic developments, as well as global trends that impact Singapore business. On weekends, BT's lifestyle journalists bring busy executives the latest in recreation, entertainment, the arts, de

sign, food and shopping. We welcome thoughtful comments, insightful analysis and otherwise intelligent conversation, as long as you follow our Facebook Guidelines: on.fb.me/1GA8fpv

You can also join the conversation on LinkedIn (https://www.linkedin.com/company/the-business-times), Twitter ( and ), as well as on Instagram (; ) and Telegram (https://t.me/BizTimes).

Inflows have soared this, leaving such funds with US$44 billion under management. Over the long term, however, they are ...
25/08/2024

Inflows have soared this, leaving such funds with US$44 billion under management. Over the long term, however, they are a terrible deal for investors.

JOHN Bogle, founder of the Vanguard Group and pioneer of index funds, may have saved investors more money than anyone else in history. By some estimates, his crusade to drive down fees has, over the past five decades, left them with more than US$1 trill...

 : Test your vinegar tolerance at the new Amoy Street eatery which stays true to tradition, but can take getting used to...
25/08/2024

: Test your vinegar tolerance at the new Amoy Street eatery which stays true to tradition, but can take getting used to bt.sg/ApjM

The 18-hole course has played host to dozens of international events over the past 100 years.
25/08/2024

The 18-hole course has played host to dozens of international events over the past 100 years.

NEARLY 30 years ago, I recall standing in a crowd and trying to peer through the gaps between many bobbing heads when I spotted the gutsy Madasamy Murugiah displaying the Singapore spirit of efficiency. Read more at The Business Times.

He is also the current managing director of Reit investments at CapitaLand Ascott Trust’s manager.
25/08/2024

He is also the current managing director of Reit investments at CapitaLand Ascott Trust’s manager.

CAPITALAND China Trust's manager has appointed Gerry Chan as its deputy chief executive officer with effect from Sep 1, 2024. Read more at The Business Times.

At the September Fed gathering, officials will issue new economic projections and indicate where they anticipate their p...
24/08/2024

At the September Fed gathering, officials will issue new economic projections and indicate where they anticipate their policy rate will be at the end of each year through 2026.

OFFICIALS from three of the world's major central banks on Friday (Aug 23) signalled they are firmly on course to lower – or continue lowering – interest rates in the coming months, marking the beginning of the end for an era of high borrowing costs as ...

 : To become a competitive workforce, Singapore’s employees and businesses must approach skills upgrading in a more syst...
24/08/2024

: To become a competitive workforce, Singapore’s employees and businesses must approach skills upgrading in a more systematic and considered manner.

NEW upskilling measures, such as SkillsFuture Credit top-ups and training allowances, were announced at Singapore’s Budget 2024 to help the workforce adopt industry-relevant and future-ready skills amid uncertainties brought about by technological disruptions, the sustainability imperative and geo...

Revenue for the period is up 4.3% at US$1.05 billion, from US$1 billion a year earlier.
24/08/2024

Revenue for the period is up 4.3% at US$1.05 billion, from US$1 billion a year earlier.

HOTEL group Shangri-La Asia posted a 28.1 per cent decline in net profit to US$94.5 million for the half year ended Jun 30, from US$131.4 million a year ago. Read more at The Business Times.

Trading in the most active 10-year government bond has steadily decreased over the last two weeks.
24/08/2024

Trading in the most active 10-year government bond has steadily decreased over the last two weeks.

China's attempts to cool a record bond rally have stalled a drop in yields, but at the cost of a collapse in trading activity to an extent that may create more headaches for policymakers. Read more at The Business Times.

Why not get the employees who resent each other to rely on each other?
24/08/2024

Why not get the employees who resent each other to rely on each other?

WHEN conflicts in a team – no matter how minor – are left unresolved, it can eventually breed resentment. If unaddressed, this could lead to cynicism and distrust, as well as harm individual and team performance. How should leaders deal with this? Read ...

The Reit’s manager did not disclose what the proceeds from the loan will be used for.
24/08/2024

The Reit’s manager did not disclose what the proceeds from the loan will be used for.

MAPLETREE Pan Asia Commercial Trust (MPACT) has obtained a HK$1 billion (S$169.8 million) term loan facility, its manager said on Friday (Aug 23). Read more at The Business Times.

The delisting follows layoffs at the proptech firm earlier this year and comes amid a slowdown it is facing in Vietnam.
24/08/2024

The delisting follows layoffs at the proptech firm earlier this year and comes amid a slowdown it is facing in Vietnam.

PropertyGuru's stint as a listed company might soon be coming to an end. Read more at The Business Times.

Many look to Singapore as a stepping stone to Western markets, where they can test both consumer demand and their own co...
24/08/2024

Many look to Singapore as a stepping stone to Western markets, where they can test both consumer demand and their own competence at operating outside the mainland.

FORGET kung pao chicken and sweet and sour pork. There's a new wave of food and beverage (F&B) chains flowing out of China, and it's all about Sichuan hot pot, braised chicken rice and pickle fish soup – as well as mainstays like bubble tea. Read more a...

Core inflation hit 2.5% in July, the lowest level in over two years.
24/08/2024

Core inflation hit 2.5% in July, the lowest level in over two years.

SOME private-sector economists believe the Monetary Authority of Singapore (MAS) could ease monetary policy settings as early as its next meeting in October, after Singapore's core inflation slowed to a more than two-year low in July. Read more at The B...

For the full year, Creative narrows its net loss by 35% to US$10.8 million as revenue climbs 12% to US$62.8 million.
24/08/2024

For the full year, Creative narrows its net loss by 35% to US$10.8 million as revenue climbs 12% to US$62.8 million.

CREATIVE Technology posted a net loss of US$6.8 million for its second half ended Jun 30, up 10 per cent from a net loss of US$6.1 million over the same period a year earlier. Read more at The Business Times.

Powell says his “confidence has grown that inflation is on a sustainable path back to 2%”.
24/08/2024

Powell says his “confidence has grown that inflation is on a sustainable path back to 2%”.

Federal Reserve Chair Jerome Powell said on Friday (Aug 23) “the time has come” for the US central bank to cut interest rates as rising risks to the job market left no room for further weakness and inflation was in reach of the Fed's 2 per cent target, ...

 : Omega, IWC and Konstantin Chaykin unveil new timepieces to woo aficionados.https://bt.sg/G4te
24/08/2024

: Omega, IWC and Konstantin Chaykin unveil new timepieces to woo aficionados.

https://bt.sg/G4te

The decision will provide a much-needed boost to the firm, which has underperformed the market in recent years owing to ...
23/08/2024

The decision will provide a much-needed boost to the firm, which has underperformed the market in recent years owing to weak consumption and after a painful crackdown by Beijing on the tech industry.

CHINESE e-commerce giant Alibaba said on Friday it would upgrade its Hong Kong-listed shares to primary status, opening it up to China's huge army of investors that could potentially rake in billions of dollars for the firm. Read more at The Business Ti...

The Business Times polls investment experts and country heads for their best investment ideas and favourite market oppor...
23/08/2024

The Business Times polls investment experts and country heads for their best investment ideas and favourite market opportunities.

Check out the latest supplement of Who's who in Private Banking:
https://bt.sg/GkGF

Suggestions from investment gurus and head honchos of private banks include investment-grade corporate bonds and AI beneficiaries

 : From paper planes to carousels, the festival takes you back to a simpler, more innocent time
23/08/2024

: From paper planes to carousels, the festival takes you back to a simpler, more innocent time

IN 15 years, the Singapore Night Festival has grown to become one of the country's biggest crowd-pleasers. But this year's edition feels especially charming, as it harks back to a nostalgic era between the 1950s and 1970s, when Great World, Gay World an...

While Africa is the only continent where the disease is endemic, it did not receive vaccines for the virus as the infect...
23/08/2024

While Africa is the only continent where the disease is endemic, it did not receive vaccines for the virus as the infectious illness spread around the world in 2022 and even now as a newly mutated version is spreading.

MPOX vaccines are urgently needed for adults and children in the most affected African countries to limit a fresh outbreak internationally, the chair of the World Health Organization's African advisory group on immunisation said. Read more at The Busine...

They will be issued at S$1.08 each on the basis of one Series 3 convertible security for every five existing shares.
23/08/2024

They will be issued at S$1.08 each on the basis of one Series 3 convertible security for every five existing shares.

FIRST Sponsor Group is proposing a renounceable and non-underwritten rights issue of perpetual convertible capital securities to raise S$283.8 million. Read more at The Business Times.

The Securities and Exchange Board of India also imposed a fine of 250 million rupees (S$3.89 million) on Ambani.
23/08/2024

The Securities and Exchange Board of India also imposed a fine of 250 million rupees (S$3.89 million) on Ambani.

India's markets regulator late on Thursday (Aug 23) banned Anil Ambani, one of India's best-known businessmen, and 24 others from the securities market for five years on charges of diversion of funds. Read more at The Business Times.

Xiaomi’s shares rose as much as 8.5% after it reported its fastest pace of quarterly revenue growth since 2021 – taking ...
23/08/2024

Xiaomi’s shares rose as much as 8.5% after it reported its fastest pace of quarterly revenue growth since 2021 – taking its gain since the advent of its EV business in March to about 25%.

XIAOMI is willing to grow its nascent electric vehicle (EV) arm at the expense of profits for now, as it angles to join Tesla and BYD among the world's biggest automakers over the next decade or two. Read more at The Business Times.

23/08/2024

PODCAST: Who is buying HDB resale flats? Are private property owners downgrading a big factor? Senior correspondent Leslie Yee gets insights from Orange Tee’s Christine Sun.

🎧 Listen here: https://bt.sg/8DdC

Also available on Amazon, Apple, Spotify & YouTube Music

Price works out to S$2,507 psf on land; buyers are children of Mapletree Investments CEO.
23/08/2024

Price works out to S$2,507 psf on land; buyers are children of Mapletree Investments CEO.

The Tanglin Hill bungalow of convicted Hin Leong founder Lim Oon Kuin has been sold for S$39.2 million, or S$2,507 per square foot on the freehold land area of 15,636 sq ft. Read more at The Business Times.

The short answer is to diversify, but do be aware that the flip side of risk is opportunity, which can be tapped.Check o...
23/08/2024

The short answer is to diversify, but do be aware that the flip side of risk is opportunity, which can be tapped.

Check out the latest supplement of Who's who in Private Banking:
https://bt.sg/GkGF

The short answer is to diversify, but do be aware that the flip side of risk is opportunity, which can be tapped

 : Some Malaysians are taking the road less travelled by living in their vehicles, but reality may not be as Instagram-w...
23/08/2024

: Some Malaysians are taking the road less travelled by living in their vehicles, but reality may not be as Instagram-worthy as it seems.

LIVING in a car, whether for the long haul or short term, is not a widespread practice in Malaysia, but there is a growing number of individuals who are embracing this lifestyle for various reasons.

For freelance content creator and social media influe...

 : How can the growth of semiconductor manufacturing be reconciled with these climate targets to achieve balanced and su...
23/08/2024

: How can the growth of semiconductor manufacturing be reconciled with these climate targets to achieve balanced and sustainable long-term development?

🔌 In a series on Singapore's chip sector, BT looks at how the country navigates the turbulent global semiconductor scene and the AI chip boom: https://bt.sg/uLfN

FUELLED by the explosive growth of emerging markets such as artificial intelligence and electric vehicles, the semiconductor industry – which produces the vital components that power these technologies – is poised to grow into a massive trillion-dollar ...

The 59-year-old’s challenge now is to harness the energy and excitement of a party reinvigorated by her rapid ascent.
23/08/2024

The 59-year-old’s challenge now is to harness the energy and excitement of a party reinvigorated by her rapid ascent.

US VICE-PRESIDENT Kamala Harris formally accepted the Democratic presidential nomination on Thursday, in a historic step that kicks off a three-month dash to Election Day. Read more at The Business Times.

Chief executive of MoneyHero expects the purchase to strengthen the company’s position in Greater South-east Asia, deliv...
23/08/2024

Chief executive of MoneyHero expects the purchase to strengthen the company’s position in Greater South-east Asia, delivering improved products, services and technological innovation.

NASDAQ-LISTED MoneyHero Group has made a non-binding offer of US$8 million to acquire MoneySmart, the Singapore fintech company said on Thursday (Aug 22). Read more at The Business Times.

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First published on Oct 1, 1976, The Business Times is South-east Asia's leading financial daily. We bring to our readers daily corporate, financial, economic and political news, analysis and commentary on print and digital platforms. This includes in-depth coverage of Singapore and Asian business and economic developments, as well as global trends that impact Singapore business. On weekends, BT's lifestyle journalists bring busy executives the latest in recreation, entertainment, the arts, design, food and shopping.

We welcome thoughtful comments, insightful analysis and otherwise intelligent conversation, as long as you follow our Facebook Guidelines: on.fb.me/1GA8fpv You can also join the conversation on Twitter @BusinessTimes and @BTlifestyle.

Society of News Design: 2015 Excellence Award - Best in Overall Redesign

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