BT's Top Stories from Last Week

Hundreds of ultra-rich Chinese eyeing move to Singapore, generating US$2.4b inflows: consultant

As myriads of China's high-net-worth (HNW) individuals look to relocate, over 500 of them are expected to come to Singapore - bringing with them at least US$2.4 billion worth of capital inflows for the city-state.

Alibaba, Perennial-led group to build Singapore's tallest building, at 305 metres

The URA has approved a 63-storey development with nearly 1.6 million sq ft GFA, comprising offices, some retail space, 215 apartments and a 11-suite hotel.

Sembcorp may reward investors with special dividend for FY2022 as H1 profit outperforms

Heartened by its "outperformance" for the first 6 months ended in June, owing to a spectacular showing by both the conventional energy and renewables businesses, Sembcorp Industries may gift special dividend to investors if the rosy digits hold up in the latter half of the year, its top management guided.

Rate hikes drive Singapore banks' Q2 earnings; CEOs express cautious optimism for rest of 2022

Singapore banking chiefs expect the sector and broader Asian markets to remain resilient for the rest of the year, although they foresee slower growth amid macroeconomic uncertainties.

MAS' S$7.4b loss due to currency effect; does not affect performance, government budget

MAS' net loss has no bearing on its investment performance, the international purchasing power of the official foreign reserves nor the regulator's conduct of monetary policy, said Finance Minister Lawrence Wong.