
The Business Times
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South-east Asia's leading financial news source. For more breaking news: https://bt.sg/irxxJ
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#BTExplains: Who is behind Malaysia’s IOI Properties Group? The property arm of IOI Corporation is already a major player in Singapore’s real estate space, with residential, hotel and office assets. https://bt.sg/hPT3

*Start your day with BT ☕️:* Stocks to watch: *ThaiBev, Far East Orchard* https://bt.sg/Mkbn Top Stories: 1. *Property* : Who is behind Malaysia’s IOI Properties Group? https://bt.sg/CTjD 2. *Singapore* : Singapore and the Philippines to expand collaboration in renewable energy, sustainability and healthcare https://bt.sg/BPMZ 3. *Companies* : (Opinion) Employers should encourage employees to start retirement planning early https://bt.sg/4MiDa


Latest Singapore six-month T-bill cut-off yield sinks to 2.05% It is the lowest level that yields have hit in the year to date. https://bt.sg/p5vy

GrabCab to launch in July with 40 new Toyota Prius taxis for a start The company also says it will be adding more models to its fleet, including the electric hybrid Hyundai Kona from August and a fully electric vehicle “some time” in 2025. https://bt.sg/c7Po

Ong Ye Kung dismayed by S$52,000 clinic rent bid, HDB to roll out new tender approach He said the monthly rental for the clinic would translate into higher cost of healthcare and negate MOH's efforts to keep the cost of primary healthcare affordable. https://bt.sg/52ERV

Trump signs travel ban for 12 countries including Afghanistan The ban will not apply to those who already have visas, lawful permanent residents of the US, or teams travelling for the World Cup or Olympics. https://bt.sg/bPH3B

#BTOpinion: Companies should look to include 30- and 80-year-olds in their top executive teams Can an old business requiring radical transformation be best led by a 30-something leader who is energetic, willing to take risks and unencumbered by corporate history? Equally, a CEO who is in his 70s may bring greater urgency and boldness to business transformation, as he has a shorter runway. https://bt.sg/7vWG

Peter Kwee, son and firm sued for over S$71 million over insolvency of Laguna club operator The defendants are said to have been behind a fraudulent scheme against the insolvent firm, enriching themselves by extracting and transferring value from it. https://bt.sg/EMeb _Peter Kwee has been in the legal limelight this week. Who is he? https://bt.sg/v9bp_

STMicro to cut 5,000 jobs in next 3 years, says CEO Around 2,000 employees will leave the Franco-Italian chipmaker due to attrition. https://bt.sg/aYPx

Semiconductor manufacturer Frencken to build new S$63 million plant in Kaki Bukit The new facility will “lay a stronger foundation” for Frencken to continue to expand its mechatronics business in Singapore. https://bt.sg/hC8D