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Effective URL: https://www.businesstimes.com.sg/
Submission: On January 03 via api from US — Scanned from SG
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Skip to main content Hello, your email is unverified. Please confirm for access to all your SPH accounts. RESEND VERIFICATION EMAIL SIDE MENU * MYBT SINGAPORE Economy & Policy SMEs INTERNATIONAL Asean Business Global Enterprise OPINION & FEATURES Columns Features COMPANIES & MARKETS Banking & Finance Reits & Property Energy & Commodities Telcos, Media & Tech Transport & Logistics Consumer & Healthcare Capital Markets & Currencies PROPERTY Residential Commercial & Industrial STARTUPS & TECH Garage Technology ESG Sustainable Finance Governance & Diversity Giving Back WEALTH Wealth & Investing Personal Finance Crypto & Alternative Assets Magazine WORKING LIFE Life’s Work Leadership LIFESTYLE Food & Drink Motoring Style & Travel Watches Arts & Design BT Luxe Health & Wellness EVENTS & AWARDS Singapore Business Awards Singapore Corporate Awards Enterprise 50 Emerging Enterprise Sustainability Impact Awards BREAKING NEWS E-PAPER PODCASTS VIDEOS NEWSLETTERS BT CLUB Create a free account with Business Times for seamless access across SPH Media products. REGISTER LOGIN Welcome, LOG OUT SIDE MENU MOBILE * MYBT SINGAPORE Economy & Policy SMEs INTERNATIONAL Asean Business Global Enterprise OPINION & FEATURES Columns Features COMPANIES & MARKETS Banking & Finance Reits & Property Energy & Commodities Telcos, Media & Tech Transport & Logistics Consumer & Healthcare Capital Markets & Currencies PROPERTY Residential Commercial & Industrial STARTUPS & TECH Garage Technology ESG Sustainable Finance Governance & Diversity Giving Back WEALTH Wealth & Investing Personal Finance Crypto & Alternative Assets Magazine WORKING LIFE Life’s Work Leadership LIFESTYLE Food & Drink Motoring Style & Travel Watches Arts & Design BT Luxe Health & Wellness EVENTS & AWARDS Singapore Business Awards Singapore Corporate Awards Enterprise 50 Emerging Enterprise Sustainability Impact Awards BREAKING NEWS E-PAPER PODCASTS VIDEOS NEWSLETTERS BT CLUB Create a free account with Business Times for seamless access across SPH Media products. REGISTER LOGIN Welcome, LOG OUT LEFT MENU * * myBT * COMPANIES * Banking & Finance * Reits & Property * Energy & Commodities * Telcos, Media & Tech * Transport & Logistics * Consumer & Healthcare * Capital Markets & Currencies * PROPERTY * Commercial & Industrial * Residential * STARTUPS * Garage * Technology * OPINION * Columns * Features * LIFESTYLE * Food & Drink * Motoring * Style & Travel * Watches * Arts & Design * BT Luxe * Health & Wellness * PODCASTS * E-PAPER * SUBSCRIBE * LOG IN HAMBURGER * * * * * Facebook * Twitter * Whatsapp * LinkedIn * Telegram * Email * SUBSCRIBE * LOGIN STI Index 3,209.860 -20.090 Seatrium 0.116 -0.004 ThaiBev 0.545 +0.005 Samko Timber 0.004 +0.001 YZJ Shipbldg SGD 1.500 -0.040 COSCO SHP SG 0.151 +0.002 Genting Sing 0.995 -0.015 Medtecs Intl 0.192 +0.005 HSI 17800MBeCW2… 0.055 -0.012 HSI 18200MBeCW2… 0.061 -0.009 Singtel 2.430 -0.020 MarcoPolo Marine 0.049 -0.002 HSTECH 5xLongSG… 0.117 -0.016 Chasen 0.088 +0.003 CapLand IntCom T 2.040 - SMI Vantage^ 0.040 - HSI 18600MBeCW2… 0.033 -0.007 HSI 16000MBePW2… 0.098 +0.010 HSI 17200MBeCW2… 0.046 -0.013 Rex Intl 0.184 -0.003 Yoma Strategic 0.075 +0.003 Top Glove 0.265 +0.010 Ley Choon 0.041 - Thomson Medical 0.061 - Frasers L&C Tr 1.140 - HSI 15600MBePW2… 0.054 +0.005 UGHealthcare 0.168 +0.004 Mapletree Log Tr 1.700 -0.010 TencentMBeCW241… 0.049 +0.002 Accrelist Ltd 0.037 +0.001 HSI 16400MBePW2… 0.063 +0.011 Banking & Finance OUTLOOK 2024 SINGAPORE BANKS HAD A GOLDILOCKS YEAR IN 2023, BUT 2024 NOT LIKELY TO BE AS BENIGN AMID TEPID LOAN GROWTH Subscribers Singapore SINGAPORE’S GROWTH TO IMPROVE IN 2024, BUT UNCERTAINTY LINGERS OVER PACE OF RECOVERY: ECONOMISTS Subscribers UPDATED 53 minutes ago Companies & Markets HOT STOCK: THAIBEV HITS 2.5-MONTH HIGH ON HEAVY TRADING AFTER THAILAND APPROVES ALCOHOL TAX CUTS Subscribers Garage 5 QUESTIONS WITH WILLIS WEE, FOUNDER OF TECH IN ASIA Free Companies & Markets STOCKS TO WATCH: AMARA Subscribers Global Enterprise GLOBAL SHIPPING FIRMS CONTINUE TO PAUSE RED SEA SHIPMENTS Free UPDATED 2 hours ago ASEAN Business THAILAND, CHINA AGREE ON VISA-FREE TRAVEL IN BOOST FOR TOURISM RECOVERY Free UPDATED 14 hours ago Global Enterprise HOW CHINA’S CAR COMPANIES BUILT SO WIDE A LEAD IN THE RACE TO MAKE EVS Free UPDATED 3 hours ago Opinion & Features HOCK LOCK SIEW MAJOR SHAREHOLDERS ARE NOT HELPING BY BUYING MORE CHEAP SHARES IN DEEPLY DISCOUNTED LISTED GROUPS Subscribers UPDATED 5 hours ago Podcasts SPONSORED HIRED: JOB REDESIGNING FOR CAREER LONGEVITY (EP 5) Free * TAX EVASION MAN FINED S$3.6M FOR EVADING TAXES ON 983 VEHICLES https://www.businesstimes.com.sg/singapore/singaporean-fined-s36-million-evadin… * JAL COLLISION 'IT WAS A MIRACLE': 379 PASSENGERS, CREW ESCAPE FIREBALL https://www.businesstimes.com.sg/companies-markets/transport-logistics/it-was-m… * WEALTH & INVESTING PEER NETWORK FOR THE WEALTHY IN SINGAPORE https://www.businesstimes.com.sg/wealth/peer-network-wealthy-plants-roots-singa… * RED SEA diversion CMA CGM HIKES MEDITERRANEAN, ASIA SHIPPING RATES https://www.businesstimes.com.sg/companies-markets/transport-logistics/frances-… * outlook 2024 ENERGY MARKET VOLATILITY SEEN TO EASE FURTHER IN 2024 https://www.businesstimes.com.sg/keywords/outlook-2024 * CFA INSIGHTS WORDS MATTER: SETTING INVESTING TERMS STANDARDS https://www.businesstimes.com.sg/keywords/cfa-singapore-insights * ESG ASIA CAN LEAD THE GLOBAL ENERGY RACE TO NET ZERO https://www.businesstimes.com.sg/keywords/esg * SINGAPORE PROPERTY PRIVATE HOME PRICES UP 2.7% IN Q4 https://www.businesstimes.com.sg/property/private-home-prices-27-q4-taking-full… * TAX EVASION MAN FINED S$3.6M FOR EVADING TAXES ON 983 VEHICLES https://www.businesstimes.com.sg/singapore/singaporean-fined-s36-million-evadin… * JAL COLLISION 'IT WAS A MIRACLE': 379 PASSENGERS, CREW ESCAPE FIREBALL https://www.businesstimes.com.sg/companies-markets/transport-logistics/it-was-m… * WEALTH & INVESTING PEER NETWORK FOR THE WEALTHY IN SINGAPORE https://www.businesstimes.com.sg/wealth/peer-network-wealthy-plants-roots-singa… * RED SEA diversion CMA CGM HIKES MEDITERRANEAN, ASIA SHIPPING RATES https://www.businesstimes.com.sg/companies-markets/transport-logistics/frances-… * outlook 2024 ENERGY MARKET VOLATILITY SEEN TO EASE FURTHER IN 2024 https://www.businesstimes.com.sg/keywords/outlook-2024 * CFA INSIGHTS WORDS MATTER: SETTING INVESTING TERMS STANDARDS https://www.businesstimes.com.sg/keywords/cfa-singapore-insights * ESG ASIA CAN LEAD THE GLOBAL ENERGY RACE TO NET ZERO https://www.businesstimes.com.sg/keywords/esg * SINGAPORE PROPERTY PRIVATE HOME PRICES UP 2.7% IN Q4 https://www.businesstimes.com.sg/property/private-home-prices-27-q4-taking-full… * TAX EVASION MAN FINED S$3.6M FOR EVADING TAXES ON 983 VEHICLES https://www.businesstimes.com.sg/singapore/singaporean-fined-s36-million-evadin… * JAL COLLISION 'IT WAS A MIRACLE': 379 PASSENGERS, CREW ESCAPE FIREBALL https://www.businesstimes.com.sg/companies-markets/transport-logistics/it-was-m… * WEALTH & INVESTING PEER NETWORK FOR THE WEALTHY IN SINGAPORE https://www.businesstimes.com.sg/wealth/peer-network-wealthy-plants-roots-singa… * RED SEA diversion CMA CGM HIKES MEDITERRANEAN, ASIA SHIPPING RATES https://www.businesstimes.com.sg/companies-markets/transport-logistics/frances-… * outlook 2024 ENERGY MARKET VOLATILITY SEEN TO EASE FURTHER IN 2024 https://www.businesstimes.com.sg/keywords/outlook-2024 * CFA INSIGHTS WORDS MATTER: SETTING INVESTING TERMS STANDARDS https://www.businesstimes.com.sg/keywords/cfa-singapore-insights * ESG ASIA CAN LEAD THE GLOBAL ENERGY RACE TO NET ZERO https://www.businesstimes.com.sg/keywords/esg * SINGAPORE PROPERTY PRIVATE HOME PRICES UP 2.7% IN Q4 https://www.businesstimes.com.sg/property/private-home-prices-27-q4-taking-full… * * BREAKING NEWS Capital Markets & Currencies TENCENT, CHINESE TECH STOCKS DISMISS SIGN OF GAME CURBS EASING Free Jan 03, 2024 11:22 AM UPDATED 3 minutes ago International RBA SEES LIVING-COST PRESSURE WEIGHING ON GROWTH, DOCUMENTS SHOW Free Jan 03, 2024 11:02 AM Companies & Markets SINGAPORE SHARES FALL AT WEDNESDAY’S OPEN; STI DOWN 0.8% Free Jan 03, 2024 09:38 AM UPDATED 38 minutes ago Telcos, Media & Tech SAMSUNG PLACES AI AT FOREFRONT AS 2024 PHONE LAUNCHES KICK OFF Free Jan 03, 2024 10:40 AM UPDATED 42 minutes ago Companies & Markets HOT STOCK: THAIBEV HITS 2.5-MONTH HIGH ON HEAVY TRADING AFTER THAILAND APPROVES ALCOHOL TAX CUTS Subscribers Jan 03, 2024 10:45 AM International AUSTRALIA PM CONSIDERS EXTRA INFLATION RELIEF AS FAMILIES STRUGGLE Free Jan 03, 2024 10:36 AM Singapore SINGAPORE’S GROWTH TO IMPROVE IN 2024, BUT UNCERTAINTY LINGERS OVER PACE OF RECOVERY: ECONOMISTS Subscribers Jan 02, 2024 06:13 PM UPDATED 53 minutes ago SEE MORE INTRODUCING You can now personalise your BT experience with keywords. GOT IT. * Financial results NIKE OUTLINES US$2 BILLION COST SAVINGS PLAN, MISSES SALES ESTIMATES ON WEAK DEMAND Free BLACKBERRY POSTS SURPRISE QUARTERLY PROFIT ON RESILIENT CYBERSECURITY DEMAND Free TOP GLOVE CUTS Q1 LOSS TO RM57.7 MILLION, SAYS PRICE WAR AMONG GLOVEMAKERS UNLIKELY Subscribers * Inflation AUSTRALIA PM CONSIDERS EXTRA INFLATION RELIEF AS FAMILIES STRUGGLE Free INDONESIA’S DECEMBER INFLATION EASES MORE THAN EXPECTED Free UPDATED 11 hours ago UK FOOD INFLATION DROPS AS GROCERS COMPETE FOR CHRISTMAS SALES Free * Cryptocurrencies CBOE DIGITAL SEES BITCOIN SPOT ETFS DRAWING NEW INSTITUTIONAL INVESTORS Free UPDATED 5 hours ago BITCOIN CLIMBS ABOVE US$45,000 FOR FIRST TIME SINCE APRIL 2022 Free UPDATED 18 hours ago TERRAFORM, SEC SET FOR CRYPTO TRIAL WITH JUMP TRADING IN SPOTLIGHT Free * Covid-19 EXPIRING PFIZER COVID DRUG DOSES SET TO COST EUROPE US$2.2 BILLION Free WHO URGES PANDEMIC ACCORD IN 2024 AFTER YEARS OF COVID PAIN Free AS OFFICE WORKERS MAKE THEIR RETURN, SO DOES THE LOWLY CUBICLE Free * Interest rates UK EXECUTIVES URGE BANK OF ENGLAND TO CUT RATES AFTER CONFIDENCE SINKS LOWER Free UPDATED 2 hours ago OUTLOOK 2024 SINGAPORE BANKS HAD A GOLDILOCKS YEAR IN 2023, BUT 2024 NOT LIKELY TO BE AS BENIGN AMID TEPID LOAN GROWTH Subscribers WAR BUDGET CASTS SHADOW OVER ISRAEL’S FIRST RATE CUT SINCE COVID Free * Electric vehicles HOW CHINA’S CAR COMPANIES BUILT SO WIDE A LEAD IN THE RACE TO MAKE EVS Free UPDATED 3 hours ago TESLA DELIVERIES BEAT ESTIMATES AS YEAR-END SALES PUSH PAYS OFF Free CHINA’S LI AUTO EXPECTS TO LAUNCH FIRST FULLY ELECTRIC CAR IN MARCH Free * Canada CANADA'S ECONOMY STALLED AGAIN IN OCTOBER BUT LIKELY UP 0.1% IN NOVEMBER Free CANADA TO GIVE TORONTO MORE THAN C$471 MILLION TO HELP FIGHT HOUSING CRISIS Free TAIWAN SIGNS LANDMARK BILATERAL INVESTMENT AGREEMENT WITH CANADA Free * Climate change CLIMATE CHANGE MAKES FORECASTING HARDER, SAYS AUSTRALIA’S WATT Free EARTH WAS DUE FOR ANOTHER YEAR OF RECORD WARMTH. BUT THIS WARM? Free SWISS CLIMATE ACTIVISTS TARGET THE RICH WITH NEW TAX PROPOSAL Free * Currencies BANKS BRING BACK NIGHT SHIFTS AS SOUTH KOREAN WON TRADING HOURS STRETCH PAST MIDNIGHT Free US DOLLAR SEES FIRST YEARLY LOSS SINCE 2020 Free US DOLLAR SET FOR WORST YEAR SINCE 2020 Free * semiconductors BEIJING CRITICISES NETHERLANDS’ MOVE TO BLOCK ASML EXPORTS TO CHINA Free UPDATED 1 hour ago US PUSHED DUTCH MAKER OF CHIP EQUIPMENT TO BLOCK CHINESE SALES BEFORE DEADLINE Free ASTI TO RECONVENE ADJOURNED FY2021 AGM ‘AS SOON AS PRACTICABLE’ Free * Housing US CONSTRUCTION SPENDING RISES LESS THAN EXPECTED IN NOVEMBER Free HONG KONG MORTGAGES FOR EXISTING PROPERTY SLIDE TO FEWEST SINCE 2001 Free CHILL IN US HOUSING MARKET SEEPS INTO OTHER INDUSTRIES Free UPDATED 18 hours ago * M&A 5 QUESTIONS WITH WILLIS WEE, FOUNDER OF TECH IN ASIA Free OUTLOOK 2024 M&A ACTIVITY EXPECTED TO PICK UP IN 2024; DIGITAL INFRASTRUCTURE, RENEWABLES TO FUEL GROWTH Subscribers PHARMA GIANT BRISTOL MYERS ADDS TO BUYING SPREE WITH US$4.1 BILLION PURCHASE Free * Bonds BANKS SEE HIGHER-RATED BONDS BEATING JUNK DEBT FOR FIRST TIME SINCE 2020 Free UPDATED 4 hours ago EUROZONE GOVERNMENT BOND YIELDS RISE BUT STILL CLOSE TO MULTI-MONTH LOWS Free CAN 2024 BE THE YEAR OF THE BOND? Subscribers * sustainability COMPANY OF GOOD WHAT IS CORPORATE PURPOSE? Free NEW YEAR’S RESOLUTION – WORKING TO OVERCOME SUSTAINABILITY FATIGUE Subscribers THE END OF WIN-WIN AND OTHER 2024 PREDICTIONS Subscribers UPDATED 13 hours ago * Oil prices OIL PRICES SETTLE LOWER TO START 2024 AS SUPPLY CONCERNS EASE Free EDITORIAL CASE FOR OPTIMISM ABOUT THE GLOBAL ECONOMIC OUTLOOK Subscribers OIL JUMPS 1% IN NEW YEAR AFTER US FORCES REPEL HOUTHIS IN RED SEA Free * US Federal Reserve US FED’S BALANCE SHEET LEAPS INTO SPOTLIGHT AFTER REPO VOLATILITY Free UPDATED 5 hours ago THE BOTTOM LINE LABOUR WILL BOLSTER THE US ECONOMY IN 2024 Subscribers UPDATED 15 hours ago OUTLOOK 2024 US STOCK MARKET RALLY LIKELY TO CARRY THROUGH INTO 2024 Subscribers * Opec OPEC+ SET TO HOLD MONITORING MEETING IN EARLY FEBRUARY Free OIL PRICES SETTLE LOWER TO START 2024 AS SUPPLY CONCERNS EASE Free OIL PRICES SHED 10% IN 2023 AS SUPPLY, DEMAND CONCERNS WEIGH Free * Russia RUSSIA DECLARES TSUNAMI WARNINGS IN FAR EASTERN REGIONS Free INDIA’S CRUDE OIL IMPORTS FROM RUSSIA PLUNGE ON PAYMENT ISSUES Free RUSSIA, NASA AGREE TO CONTINUE JOINT ISS FLIGHTS UNTIL 2025 Free * Metals GOLD HOLDS STEADY AS TRADERS AWAIT US FED MINUTES Free GOLD KICKS OFF 2024 ON HIGHER NOTE ON US FED RATE-CUT HOPES Free GOLD CLIMBS TO THREE-WEEK HIGH AS US RATE CUT BETS FIRM Free * yen US DOLLAR DIPS AS TRADERS STAY FIXED ON RATE CUTS NEXT YEAR Free US DOLLAR TOUCHES FIVE-MONTH LOW ON RATE CUT HOPES IN THIN MARKET Free US DOLLAR EDGES LOWER, INDEX ON TRACK FOR WORST YEAR SINCE 2020 Free * Malaysia MALAYSIA’S ANWAR BRUSHES OFF ALLEGED PLOT TO TOPPLE GOVERNMENT Free KEEPING IT IN THE FAMILY: MALAYSIA’S MULTI-GENERATION BUSINESSES SEEK GROWTH OPPORTUNITIES ABROAD Subscribers MALAYSIAN PROPTECH STARTUP LIVEIN RAISES US$8.3 MILLION FOR REGIONAL EXPANSION Free * 7-eleven JAPAN’S SEVEN & I EXPANDS 7-ELEVEN EMPIRE WITH PURCHASE OF AUSTRALIAN FRANCHISE Free SEVEN & I UNIT SOGO & SEIBU'S LABOUR UNION CONFIRMS RIGHT TO STRIKE Free ISS BACKS ALL 4 VALUEACT DIRECTOR CANDIDATES IN SEVEN & I BOARDROOM FIGHT Free DISCOVER MYBT SEE MORE COMPANIES & MARKETS Capital Markets & Currencies TENCENT, CHINESE TECH STOCKS DISMISS SIGN OF GAME CURBS EASING Free Jan 03, 2024 11:22 AM UPDATED 3 minutes ago International RBA SEES LIVING-COST PRESSURE WEIGHING ON GROWTH, DOCUMENTS SHOW Free Jan 03, 2024 11:02 AM Companies & Markets SINGAPORE SHARES FALL AT WEDNESDAY’S OPEN; STI DOWN 0.8% Free Jan 03, 2024 09:38 AM UPDATED 38 minutes ago Telcos, Media & Tech SAMSUNG PLACES AI AT FOREFRONT AS 2024 PHONE LAUNCHES KICK OFF Free Jan 03, 2024 10:40 AM UPDATED 42 minutes ago Companies & Markets HOT STOCK: THAIBEV HITS 2.5-MONTH HIGH ON HEAVY TRADING AFTER THAILAND APPROVES ALCOHOL TAX CUTS Subscribers Jan 03, 2024 10:45 AM Energy & Commodities GOLD HOLDS STEADY AS TRADERS AWAIT US FED MINUTES Free Jan 03, 2024 10:23 AM SEE MORE OPINION & FEATURES Opinion & Features NEW YEAR’S RESOLUTION – WORKING TO OVERCOME SUSTAINABILITY FATIGUE Subscribers Jeffery Tan Opinion & Features EDITORIAL CASE FOR OPTIMISM ABOUT THE GLOBAL ECONOMIC OUTLOOK Subscribers Opinion & Features MAKING OUR DONATIONS (AND AT A LARGER SCALE, FOREIGN AID) GO FURTHER Subscribers Bjorn Lomborg SEE MORE ASEAN BUSINESS INDONESIA’S DECEMBER INFLATION EASES MORE THAN EXPECTED Free UPDATED 11 hours ago GLOBAL ENTERPRISE GLOBAL FACTORY ACTIVITY ENDED 2023 ON A SOFT NOTE Free GARAGE OUTLOOK 2024 TECH INVESTORS TEST SOUTH-EAST ASIAN WATERS IN THE WAKE OF SOFTBANK VACUUM Subscribers SMES SUEZ CANAL REROUTES HAVE MIXED IMPACT ON SINGAPORE SMES SO FAR Subscribers PODCASTS SPONSORED HIRED: JOB REDESIGNING FOR CAREER LONGEVITY (EP 5) Free Just because you’ve gone through job redesign doesn’t mean it’s done and dusted. Ethan Ho from OCBC tells Howie Lim how it... BT MONEY HACKS: HOW PROFITABLE WILL 2024 BE? (EP 159) Free Jan 01, 2024 05:00 AM PROPERTYBT: CHASING RESTRICTION-LITE HDB RESALE FLATS IN POPULAR LOCATIONS (EP 26) Free Dec 28, 2023 05:07 AM OUTLOOK 2024 WEALTHBT: POSITIONING YOUR PORTFOLIO FOR 2024 (EP 33) Free Dec 25, 2023 05:00 AM SPONSORED HIRED: SUCCESSFUL JOB REDESIGN STARTS WITH PURPOSE (EP 4) Free Dec 19, 2023 05:00 AM SEE MORE VIDEOS CHINA’S XIAOMI FIRST EV, SU7 TAKES ON TESLA china’s-xiaomi-first-ev-su7-takes-on-tesla 6344005448112 WHY IS THIS TINY INDONESIAN CHILLI PADI MAKING A BIG IMPACT ON INFLATION? why-is-this-tiny-indonesian-chilli-padi-making-a-big-impact-on-inflation 6343717498112 BT EXPLAINS: CORDLIFE STORAGE LAPSES SPARKED OUTRAGE, TRUST ISSUES AND ACCOUNTABILITY journalist-reacts-cordlife-storage-lapses-sparked-outrage-trust-issues-and-accountability- 6343655995112 SEE MORE OUR NEWSLETTERS Mon-Sat, 7.20 AM BREAKFAST BRIEF All you need to know to start your day, right in your inbox. All you need to know to start your day, right in your inbox. 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