BT's Top Stories from Last Week

TerraUSD stablecoins collapse, MAS reiterates crypto warning

Stablecoins are proving to be not so stable after TerraUSD (UST), which is meant to keep a 1-to-1 peg with the US dollar, lost more than 70 per cent of its value in a matter of days, burning investors and leaving regulators exasperated that their warnings have fallen on deaf ears.

Olivia Lum may face legal action as Hyflux group lodges pre-emptive lawsuit

Olivia Lum Ooi Lin is staring at the possibility of legal action taken by the group of companies she founded as the beleaguered Hyflux group and its liquidators have lodged a lawsuit pre-emptively against her.

Singapore slaps 35% ABSD on residential property transfers into living trust, closing loophole

An additional Buyer's Stamp Duty (ABSD) of 35 per cent will be imposed on any transfer of residential property into a living trust, where the transfer occurs from May 9, the Ministry of Finance announced late on Sunday night (May 8).

Li Ka-shing's family office joins Singapore expansion wave

Hong Kong tycoon Li Ka-shing's private investment firm Horizons Ventures is opening a Singapore office to find new deals and support portfolio companies trying to expand in Asia.

Condo, HDB rents hit new peaks in April, with reopening likely to keep market tight

Residential property rentals hit their highest levels in April, surpassing their last peaks in 2013, with rents expected to keep rising as Singapore reopens and foreigners return to work here.