The Business Times

2023-05-17 07:30:13 CapitaLand Ascendas Reit’s private placement closes at S$2.727 apiece; upsizes placement to raise S$500 million

Approximately S$139.5 million of the gross proceeds will be used to partially fund the acquisition of Seagate’s research and development facility.

https://bt.sg/5V4c Open / Comment

2023-05-17 06:45:19 Slower growth and fewer perks – the new buzzwords for tech unicorns

Move fast, break things and enjoy the free-flow kombucha. This was once the ethos of tech unicorns, which focused on hyper growth over profitability while showering staff with generous perks.

https://bt.sg/5V4q Open / Comment

2023-05-17 05:30:41 Malaysia eager to reel in Asia’s wealthy with tweaks to visa scheme

Since the scheme’s inception in 2002 until 2019, nearly 49,000 people have been successful in their MM2H applications. The peak was in 2017 when more than 6,000 people were approved.

https://bt.sg/5V4T Open / Comment

2023-05-17 04:40:10 Singapore key exports contract 9.8% in April in seventh straight month of decline

Singapore's non-oil domestic exports to most of its top 10 markets declined in April, except for shipments to South Korea, the EU and the US.

https://bt.sg/5VZt Open / Comment

2023-05-17 03:30:22 Lawrence Wong meets Chinese Premier, takes over as leader overseeing cooperation with China

It was the first meeting between DPM Wong and Chinese Premier Li Qiang since they were both promoted in 2022 to the second-most senior posts in their respective countries.

https://bt.sg/5VZC Open / Comment

2023-05-16 15:20:13 Sea posts another profitable quarter with US$87.3m in Q1 net income

Sea reports US$87.3 million of net profit for Q1 ended March 31, a reversal of the US$580.1 million net loss in the year-ago period.

https://bt.sg/5Vku Open / Comment

2023-05-16 14:14:42 Bayern Munich, Liverpool among five teams to grace Festival of Football in Singapore in July

They join Tottenham, Roma and Leicester to play at the National Stadium. Tickets for the individual matches start at S$99 each.

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2023-05-16 13:10:02 SIA posts record full year earnings as demand recovery pushes group to S$1.2b H2 profit

The group posted its highest full-year net profit in its 76-year history to S$2.2 billion for FY2022/23, reversing from a net loss of S$962 million in FY2021/22.

https://bt.sg/5Hvt Open / Comment

2023-05-16 12:15:20 This slow-burn financial crisis could still bring on a recession

American banks are still falling like dominoes - with First Republic Bank the most recent casualty, and PacWest Bancorp next in line.

https://bt.sg/5HtJ Open / Comment

2023-05-16 11:01:10 Tanjong Pagar site up for en bloc sale again at unchanged S$216 million reserve price

The 999-year leasehold site was first offered for collective sale on Jan 19, but the tender closed with no bids on Mar 22.

https://bt.sg/5Htv Open / Comment