The Business Times
South-east Asia's leading financial news site. For more breaking news: https://bt.sg/4zbZc Subscribe to the BT Personal Edition at S$9.90/mth: btsub.sg/btpersonal
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01 [SEMINAR] Mark to Market “Live” returns July 13, with this event focusing on how to invest during volatile times. This year’s forum, titled Smart Investing in Dynamic Times brings together a panel of industry experts to help investors chart out their portfolios with confidence.
For more information: https://bt.sg/csWA
Get your tickets quick before it sells out! bt.sg/m2m24 | 2 864 | 4 | Loading... |
02 Singapore unlikely to draw large-scale data-centre investment despite added capacity: report
This is because the allocated capacity isn’t enough for the sector’s needs in South-east Asia. Johor and Batam have also come up as attractive destinations for investments into data centres.
https://bt.sg/5vJSU | 3 961 | 17 | Loading... |
03 Roaring Kitty’s Reddit post on GameStop signals a US$289 million paper fortune
Brokerage E*Trade is considering kicking Keith Gill off of its platform over concerns about potential stock manipulation tied to his recent GameStop options purchase.
https://bt.sg/yNuQ | 4 615 | 20 | Loading... |
04 VIDEO: Zelensky says China is undermining Ukraine peace summit
Prime Minister Lawrence Wong and President Tharman met Ukrainian President Volodymyr Zelensky on Sun (June 2) after he spoke on the last day of the Shangri-La Dialogue forum. He said Russia was ‘using China's influence’ to ‘disrupt’ moves towards peace and that Beijing was an ‘instrument’ in the hands of Russian President Vladimir Putin.
The stories you need to know at bt.sg | 5 226 | 9 | Loading... |
05 Microsoft to lay off hundreds at Azure cloud unit, Business Insider reports
The Azure for Operators layoffs involve as many as 1,500 job cuts.
https://bt.sg/GspS | 5 752 | 87 | Loading... |
06 Last S$3 billion money laundering accused to plead guilty handed four more charges, including faking job titles
Cypriot national Wang Dehai, 35, who has been in remand for over nine months since his arrest on Aug 15, 2023, will be the last person in the case to plead guilty on Jun 7.
https://bt.sg/sDDG | 5 776 | 3 | Loading... |
07 Different types of senior housing to be studied under S$2.9m research project led by NUS
"It is estimated that by 2030, one in four people will be in this age category (65 years and above) and many of our seniors wish to age-in-place,” Senior Minister of State Sim Ann said.
https://bt.sg/yEWw | 5 991 | 22 | Loading... |
08 Industry observers launch non-profit to encourage better performance among SGX listcos
The Corporate Monitor aims to publish regular research reports offering ‘actionable intelligence’ for stakeholders.
https://bt.sg/Gvmy | 5 686 | 8 | Loading... |
09 Start your day with BT ☕️:
Stocks to watch: CapitaLand Ascott Trust, iFast, Sabana Reit https://bt.sg/ASRn
Top stories
1. Economy: Singapore’s PMI rises further in May, mirroring improvements in regionwide factory activity https://bt.sg/EWcG
2. Singapore: Products with high levels of toxic chemicals removed from website: Shein, Singapore consumer safety body https://bt.sg/9ZTc
3. Companies: Google’s latest data centre raises its investment in Singapore to S$6.7 billion https://bt.sg/GTqW | 5 926 | 4 | Loading... |
10 iFast prices S$100 million notes due 2029 at 4.328%
Coupon payments will be made semi-annually in arrears on Jun 11 and Dec 11 each year.
https://bt.sg/BpQK | 6 169 | 23 | Loading... |
11 #BTOpinion: Don’t count on being able to extend the land lease on a private home
Getting owners to agree on lease extension duration and amounts payable will be tough.
https://bt.sg/hTvr | 7 235 | 11 | Loading... |
12 VIDEO: How will the Turf City site transform into a residential estate?
Turf City, located in Bukit Timah, and one of South-east Asia’s premier racecourses, will be redeveloped into a new housing estate. This marks the first public housing project in Bukit Timah in 40 years.
https://bt.sg/fSRi | 6 834 | 10 | Loading... |
13 Bank of Singapore names former GIC executive for newly created role
Owi S Ruivivar will be a member of the bank’s investment committee.
https://bt.sg/5aPyH | 6 729 | 9 | Loading... |
14 PODCAST: The S&P 500 Shariah equivalent has outperformed the S&P 500 on a regular basis and Islamic investing is attracting interest from non-Muslim retail investors as well. Howie Lim finds out more. #moneyhacks #btpodcasts
Listen here: https://bt.sg/DQx6
Also available on Amazon, Apple, Spotify, YouTube Music & Google | 7 167 | 27 | Loading... |
15 Real estate players markedly more pessimistic on prime residential, office, business park sectors in Q1
Those polled were most optimistic about prospects in the hotel/serviced apartment sector, buoyed by strong tourism arrivals and receipts, said Ireus.
https://bt.sg/3KCRz | 6 829 | 14 | Loading... |
16 China’s housing crash could set back millions of promising careers
A cohort of young professionals who thought they had found an escalator into China’s affluent middle class had their life upended. What seemed like a lifelong career turned out to be a moment in a bubble.
https://bt.sg/Jk4F | 7 692 | 28 | Loading... |
17 Who is Singaporean businessman David Yong from Netflix show Super Rich In Korea?
In one scene, David Yong – the chief executive of Evergreen Group Holdings – proclaimed: “I’m Singapore’s top 1 per cent super rich.”
https://bt.sg/ydEJ | 7 291 | 51 | Loading... |
18 Start your day with BT ☕️:
Stocks to watch: Nio, Sembcorp, Paragon Reit, Oiltek https://bt.sg/J6z3L
Top stories
1. International: ‘It’s about supporting the very end of war’: Ukraine’s Zelensky seeks Asia’s backing for its peace plan https://bt.sg/z5MN
2. International: Alleged superhacking mastermind has Singapore work visa, posh condo, Ferrari Spider https://bt.sg/vBdu
3. Companies: (Opinion) New sponsors of Ara H-Trust, Cromwell E-Reit unlikely to quickly lift their depressed valuations https://bt.sg/g5Gc | 7 224 | 4 | Loading... |
19 #BTLifestyle: Is SIFA 2024 playing by its own rules under Natalie Hennedige? With challenging themes and conceptual art, the festival intrigues and confounds. https://bt.sg/m5FH | 7 494 | 2 | Loading... |
20 Nvidia set to overtake Apple as world’s second-most valuable company
Nvidia is heavily weighted on the S&P 500 and the Nasdaq and has been pivotal in driving US stocks to record highs.
https://bt.sg/Howq | 7 865 | 61 | Loading... |
21 #BTLifestyle: Choon Hoy Parlor (CHP) brings an interesting ambiance with its interior looking like an unfortunate blind date between a 60s bridal studio and a late-night Geylang dim sum eatery. Though campy, chef Dylan Ong serves up Teochew cuisine that offers honest-to-goodness comfort. https://bt.sg/m5FH | 7 958 | 8 | Loading... |
22 #BTLifestyle: Owned by a finance industry professional, the upscale Emerald Hill Residential Historic District is a prized and quiet location just off Orchard Road. Have a look at how architect Aamer Taher transformed a heritage gem into a home suited for contemporary use. https://bt.sg/MJtU | 8 086 | 11 | Loading... |
23 Medical inflation rising, but prudent consumption, fee benchmarks can help check healthcare costs
The average cost of medical care in Singapore is expected to rise by about 10.7% in 2024, up from a 10.3% increase in 2023.
https://bt.sg/pc2b | 9 149 | 33 | Loading... |
24 DBS mobile app customers face intermittent access on Saturday
Over 500 reports of issues with mobile banking were made on Downdetector since 7am.
https://bt.sg/w2rzG | 8 329 | 42 | Loading... |
25 Skywaters Residences unit sold for S$47.34 million or S$6,100 psf, marking new record for 99-year projects
BT understands that the unit was bought by a foreigner, whose nationality is not known.
https://bt.sg/gqdh | 7 793 | 31 | Loading... |
26 Can Swee Heng Bakery’s legacy continue to thrive? | The Business Behind
From its humble beginnings as a family-run bakery, Swee Heng has expanded to over 80 outlets in Singapore, launched 3 specialty brands and crossed S$75m in revenue in 2023. But with new competitors baking up a storm here, how will Swee Heng rise to the occasion and stay relevant?
Find out more in BT’s #thebusinessbehind, where we take a closer look at companies that are reshaping industries with new business models and strategies.
Watch it on YouTube: https://youtu.be/KxrmlSeGc2w | 8 855 | 39 | Loading... |
27 Paragon Reit in advanced talks to sell Rail Mall at shade above S$80 million: sources
The intending buyer is a private investor, BT understands.
https://bt.sg/uTjH | 8 794 | 24 | Loading... |
28 Exxon, Shell, ST Engineering units among 9 entities designated under Singapore’s Significant Investments Review Act
Designated entities face requirements such as government approval for major changes in ownership.
https://bt.sg/hbtc | 9 465 | 29 | Loading... |
29 #Brunch: Thrifting is trending, but there’s more than meets the eye
Rising eco-consciousness and the desire for unique fashion items have fuelled the growth of thrift stores in Singapore. But how sustainable is thrifting, both environmentally and as a business?
https://bt.sg/zLCS | 9 029 | 14 | Loading... |
30 Mandai Park appoints DBS CEO Piyush Gupta as board chair
The company says new appointments will contribute to its focus on sustainability, education and conservation.
https://bt.sg/Hmpi | 8 979 | 46 | Loading... |
31 Preventing heart attacks – a peek into the future
SPONSORED: Scientists are targeting various steps in the process of a heart attack in their attempts to reduce or eliminate risks.
Brought to you by Royal Healthcare
bt.sg/MkMb | 8 843 | 18 | Loading... |
32 Singtel partners Indonesia’s Telin to develop Singapore-Batam subsea cable system
The cable system will span 100 kilometres and is expected to be operational in Q4 2026.
https://bt.sg/EKXd | 8 533 | 11 | Loading... |
33 Start your day with BT ☕️:
Stocks to watch: MPACT, GP Industries, Azeus, Unusual, Old Chang Kee https://bt.sg/qhhZ
Top stories
1. International: FBI takes down massive global army of zombie computer devices, arrests key player in Singapore https://bt.sg/ZiRya
2. Logistics: Port congestion in Singapore leads to some liners skipping calls here https://bt.sg/KVEz
3. Companies: With WFS under its belt, a supersized Sats aims for S$8 billion in revenue by 2028 https://bt.sg/bSRi | 8 966 | 4 | Loading... |
34 With WFS under its belt, a supersized Sats aims for S$8 billion in revenue by 2028
The acquisition has made Sats more geographically diversified; the company has also tweaked its business mix.
https://bt.sg/GXXP | 9 783 | 22 | Loading... |
00:05
Video unavailableShow in Telegram
[SEMINAR] Mark to Market “Live” returns July 13, with this event focusing on how to invest during volatile times. This year’s forum, titled Smart Investing in Dynamic Times brings together a panel of industry experts to help investors chart out their portfolios with confidence.
For more information: https://bt.sg/csWA
Get your tickets quick before it sells out! bt.sg/m2m24
web pic.mp43.70 KB
👍 7❤ 1
Photo unavailableShow in Telegram
Singapore unlikely to draw large-scale data-centre investment despite added capacity: report
This is because the allocated capacity isn’t enough for the sector’s needs in South-east Asia. Johor and Batam have also come up as attractive destinations for investments into data centres.
https://bt.sg/5vJSU
😱 11👍 5👎 2🍾 2❤ 1
Photo unavailableShow in Telegram
Roaring Kitty’s Reddit post on GameStop signals a US$289 million paper fortune
Brokerage E*Trade is considering kicking Keith Gill off of its platform over concerns about potential stock manipulation tied to his recent GameStop options purchase.
https://bt.sg/yNuQ
🤯 13❤ 3😱 3👎 1
01:17
Video unavailableShow in Telegram
VIDEO: Zelensky says China is undermining Ukraine peace summit
Prime Minister Lawrence Wong and President Tharman met Ukrainian President Volodymyr Zelensky on Sun (June 2) after he spoke on the last day of the Shangri-La Dialogue forum. He said Russia was ‘using China's influence’ to ‘disrupt’ moves towards peace and that Beijing was an ‘instrument’ in the hands of Russian President Vladimir Putin.
The stories you need to know at bt.sg
16x9_FINAL_Zelensky_says_China_is_undermining_Ukraine_peace_summit.mp4138.52 MB
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Photo unavailableShow in Telegram
Microsoft to lay off hundreds at Azure cloud unit, Business Insider reports
The Azure for Operators layoffs involve as many as 1,500 job cuts.
https://bt.sg/GspS
😱 43👍 4👎 3🍾 3🤔 2
Photo unavailableShow in Telegram
Last S$3 billion money laundering accused to plead guilty handed four more charges, including faking job titles
Cypriot national Wang Dehai, 35, who has been in remand for over nine months since his arrest on Aug 15, 2023, will be the last person in the case to plead guilty on Jun 7.
https://bt.sg/sDDG
👍 14❤ 2😱 2🤔 1
Photo unavailableShow in Telegram
Different types of senior housing to be studied under S$2.9m research project led by NUS
"It is estimated that by 2030, one in four people will be in this age category (65 years and above) and many of our seniors wish to age-in-place,” Senior Minister of State Sim Ann said.
https://bt.sg/yEWw
❤ 19👍 2
Photo unavailableShow in Telegram
Industry observers launch non-profit to encourage better performance among SGX listcos
The Corporate Monitor aims to publish regular research reports offering ‘actionable intelligence’ for stakeholders.
https://bt.sg/Gvmy
🤔 8❤ 2😢 1
Photo unavailableShow in Telegram
Start your day with BT ☕️:
Stocks to watch: CapitaLand Ascott Trust, iFast, Sabana Reit https://bt.sg/ASRn
Top stories
1. Economy: Singapore’s PMI rises further in May, mirroring improvements in regionwide factory activity https://bt.sg/EWcG
2. Singapore: Products with high levels of toxic chemicals removed from website: Shein, Singapore consumer safety body https://bt.sg/9ZTc
3. Companies: Google’s latest data centre raises its investment in Singapore to S$6.7 billion https://bt.sg/GTqW
❤ 5👍 2
Photo unavailableShow in Telegram
iFast prices S$100 million notes due 2029 at 4.328%
Coupon payments will be made semi-annually in arrears on Jun 11 and Dec 11 each year.
https://bt.sg/BpQK
👍 7