Business

A weighted 41 per cent of manufacturers see business conditions improving over the next six months. Jolene Ang SINGAPORE - The business expectations of Singapore firms in both the manufacturing and services sectors…

Shou Zi Chew joined TikTok parent ByteDance in March 2020 and will remain in his post at the Chinese company. NEW YORK (BLOOMBERG) - TikTok, the popular short-video app, named ByteDance chief financial officer Shou Zi Chew as chief…

DBS saw record fee income from broad-based growth, largely boosted by wealth management and transaction services. Prisca Ang SINGAPORE - DBS Group on Friday (April 30) trumped market forecasts with a 72 per cent jump in…

The PayNow-PromptPay linkage will allow customers of participating banks to transfer funds of up to $1,000 or 25,000 baht (S$1,060) daily across the two countries. Ovais Subhani SINGAPORE - The local PayNow system that…

MAS said that Singapore's economic growth is likely to exceed the upper end of the 4 per cent to 6 per cent official growth forecast. Choo Yun Ting SINGAPORE - Singapore's economy has almost recovered the output lost…

Mr Elon Musk, who is also a major shareholder and CEO of rocket maker SpaceX, receives no salary at Tesla. NEW YORK (REUTERS) - Tesla's quarterly report on Monday (April 26) hit targets qualifying chief executive Elon Musk for two…

This photo from July 14, 2017, shows a collapsed section of the viaduct adjacent to a slip road from Upper Changi Road East to the Pan-Island Expressway. Tay Peck Gek SINGAPORE (THE BUSINESS TIMES) - Builder OKP Holdings said the…

Grab co-founder and CEO Anthony Tan will hold 2.2 per cent of the company after the Spac deal. SINGAPORE (BLOOMBERG) - The Spac boom may be deflating after more than a year of frenzy, but it's still creating vast riches for the…

Analysts have flagged the likelihood of more cooling measures being introduced if price growth continues at this pace. Grace LeongSenior Business Correspondent SINGAPORE - Private home prices notched a…

Mr James Dyson had faced criticism from British lawmakers for relocating his company's head office to Singapore. LONDON (BLOOMBERG) - British inventor James Dyson has switched his residency from Singapore to Britain, reversing a…

Grab co-founders Tan Hooi Ling (left) and Anthony Tan at the company's fifth anniversary celebrations in 2017. Choo Yun Ting SINGAPORE - The idea for Singapore-headquartered Grab Holdings first took root in 2011 when…

The bid by Mr Sarath Ratanavadi's Gulf Energy is likely to place AIS's ratings on watch should the deal lead to AIS' eventual buyout. Ann Williams SINGAPORE - While Singtel's investments in Intouch Holdings and Advanced…

Singapore Telecommunications is the biggest shareholder of Intouch. BANGKOK (BLOOMBERG) - Gulf Energy Development, Thailand's biggest power producer by market value, offered to acquire Intouch Holdings, a Singtel associate company…

The rise of 'buy now, pay later' platforms is causing young people to overspend whenever they shop Buying things under an instalment plan with a credit card is not new - most, if not all families here, would have…

Grab is in the early stages of considering a secondary listing in the city-state. SINGAPORE (REUTERS) - Grab Holdings, South-east Asia's ride-hailing to delivery giant, is considering a secondary listing in its home market of…

Year on year, total trade expanded 19.6 per cent in March, reversing the 3.3 per cent decline seen in February. Choo Yun Ting SINGAPORE - Analysts are pencilling in higher full-year exports for Singapore after a…

Grab CEO and co-founder Anthony Tan has always stressed the importance of business partnerships. SINGAPORE (BLOOMBERG) - A few years after launching Grab Holdings in 2012, Mr Anthony Tan got a piece of advice from Mr Jack Ma. The…

This was the economy's first quarterly growth since the fourth quarter of 2019. Ovais Subhani SINGAPORE - The Singapore economy posted an unexpected rise in first-quarter growth as gains in manufacturing were buttressed by…

The merger is expected to provide up to US$4.5 billion in cash proceeds to Grab. Choo Yun Ting SINGAPORE - South-east Asian ride-hailing and food delivery giant Grab Holdings is intending to go public in the United States…

The production centre in Tuas Biomedical Park will supply vaccines mainly to Asia. Choo Yun Ting SINGAPORE - Pharmaceutical giant Sanofi Pasteur is investing €400 million (S$638 million) over five years to build a vaccine…