SINGAPORE (THE BUSINESS TIMES) – As more ageing properties in Singapore are trying again to go en bloc, the Sultan Plaza commercial building and the City Plaza mall may be next in line. If their collective sale tenders are launched, the reserve prices could be slashed to $360 million for Sultan Plaza in the Beach […]

Covid-19 modeller Shaun Hendy formally demanded a press release retracting Productivity Commission work that he disagreed with last year. And Hendy’s blasts on Twitter appear to have left the commission unwilling to engage with his academic critique and fearful of an escalating public spat with political implications so close to an election. Ultimately, the commission […]

Chancellor Rishi Sunak has warned of “bumps on our road to recovery” as new figures showed growth stalled even before the arrival of the Omicron variant. GDP grew by just 0.1% in October, well short of the 0.4% expected by economists and a big slowdown on September’s 0.6% expansion, the Office for National Statistics (ONS) […]

NEW YORK (BLOOMBERG) – For more than a decade, Kickstarter has convinced the public to pay people to follow through on their ideas to build a gadget, make a film or create a piece of art. It was, in some ways, a harbinger of today’s digital economy built around cryptocurrencies, decentralised organizations and NFT art. […]

BEIJING (Reuters) – China’s central bank on Tuesday cut the rates on its relending facility by 25 basis points (bps) to support the rural sector and small firms.FILE PHOTO: People wearing face masks walk past the headquarters of Chinese central bank People’s Bank of China (PBOC), April 4, 2020. REUTERS/Tingshu Wang/File PhotoAfter the cut, the […]

SINGAPORE – Singapore’s property market is set to wrap up 2021 as one of its best years in recent times. But as the economic recovery at home and abroad moves forward, new risks to growth and employment are emerging. And as policymakers move to confront these risks, market dynamics for all assets are likely to change. […]

A chatbot named Lou is serving up jobs to those looking for work at Wendy’s. Thought to be a first for a Kiwi fast food outlet Wendy’s NZ is using new artificial intelligence (AI) technology to streamline its recruitment process. Lou takes jobseekers through the recruitment process screening candidates, finding the right job and branch, […]

Sky TV says a cost-cutting exercise – which included clawing back money on its deal with NZ Rugby – has allowed it to boost its FY2022 full-year profit guidance. Shares jumped 20 per cent from $1.75 to $2.10 in early trading. Corporate affairs head Chris Major told the Herald, “Rugby is one of the one-off […]

A so-called “flash crash” for Bitcoin over the weekend has wiped out positions worth $2bn and left market experts pondering whether a wider reset for value has set in. The world’s largest cryptocurrency lost over a fifth of its value at one stage, taking the market capitalisation back below $1trn, after a broader flight from […]

Weekly Money FM Podcasts (Dec 6) State of the retail industry – How technology is critical for retailers to achieve success (featuring Dr Kapil R.Tuli, professor of marketing and director, Retail Centre of Excellence, Singapore Management University) Can Singapore Survive? With Kishore Mahbubani (featuring Mr Kishore Mahbubani, distinguished fellow, Asia Research Institute, National University of Singapore) […]