The Business Times

Bank of England hikes rate by biggest amount in 33 years It is the Bank of England's biggest rate rise since 1989 as it warned of a “very challenging” outlook for the economy.

Ex-Google top execs launch wealth platform targeting the affluent but not wealthy About half of Arta’s 67-member team is made up of former Google employees, including CEO Caesar Sengupta.

#FutureofFinance: Driving personalisation while managing technology risks Data and digital technologies have enabled financial institutions to drive personalisation for customers, but robust risk management and appropria…

Morgan Stanley to start layoffs in coming weeks as dealmaking slows: sources In the Asia-Pacific, Morgan Stanley has drafted up a list of staff members considered redundant, who will mainly come from teams that focus on…

Asean’s moment: Uncovering opportunities in disruptive times | webinar highlights Tightening monetary policies, an escalating Russia-Ukraine war and a sharp deceleration in global economic growth are pushing up prices wh…

Malaysia raises key policy rate to 2.75% in fourth hike this year With this move, Bank Negara has delivered a cumulative 100 basis points in rate hikes this year.

Anothersole out to grow its footprint at home and abroad “People said [soft leather shoes] wouldn’t sell, that Singapore is so hot, and it’s hard to maintain leather,” says entrepreneur Benny Chee. Six years on, his foot…

📊November 3 results round-up: 1. DBS Q3 profit rises 32% to S$2.24b; declares S$0.36 per share dividend 2. SingPost sinks into the red with S$9.9m loss in H1 3. NetLink NBN Trust posts 36% jump in H1 net profit to S$54.…

Singapore’s crypto hub ambitions do not involve trading, speculating in cryptos: Ravi Menon The real value in the crypto industry comes not from speculating in cryptocurrencies, but from tokenising assets for use cases t…

HDB resale volume down 24.1% in October as median price hits high of S$545,000: SRX, 99.co The median price of an HDB resale flat is at an all-time high at S$545,000, 35% higher than its pre-pandemic level in October 201…

#BTOpinion: Massive share buybacks not the answer; Hongkong Land needs restructuring to unlock value Despite spending millions on repurchasing shares, leading landlord Hongkong Land continues to see its share price trade…

Musk plans to eliminate half of Twitter jobs to cut costs Senior personnel on the product teams were asked to target a 50% reduction in headcount, sources say.

Singapore PMI shrinks further in October, mirroring weak factory activity across region The PMI dipped a further 0.2 point to post a second straight month of contraction at 49.7 in October, the lowest reading since June…

Federal Reserve jacks up interest rates again by 75 bps, hints at smaller increases ahead Fed Chair Jerome Powell said policymakers are still undecided about just how high rates would need to rise to curb inflation, and…