The Business Times

Binance backs out of FTX deal over issues beyond its control “Our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help,” Binance said.

Temasek is engaging with FTX after potential Binance bailout Temasek invested in the Series B and Series C funding rounds of FTX, which raised US$900 million and US$400 million respectively.

SATS posts S$9.9 million loss in Q2; says rights issue will not exceed S$800 million Excluding the effect of reliefs, SATS said its net loss for the three months ended Sep 30 would have been S$19.7 million.

Zuckerberg says ‘sorry’ as Meta cuts more than 11,000 jobs “I want to take accountability for these decisions and for how we got here. I know this is tough for everyone, and I’m especially sorry to those impacted," says…

StarHub Q3 net profit falls 32% to S$27.4 million despite stronger revenue StarHub said the lower profits were due to higher staff costs, marketing and promotions (a “one-off expense” relating to the Premier League), rep…

#BTOpinion: To restore confidence in Sats, its board and management should buy the stock This is not a big ask, says BT's Ben Paul. "By demonstrating their willingness to invest a meaningful amount of their personal mone…

COE premiums set highs as extensions of old cars block new supply New records across three categories - ⬆️ Category B (Cars above 1,600cc or 97KW): S$115,388 ⬆️ Category D (Motorcycles): S$13,189 ⬆️ Category E (Open cate…

Atome gets MAS’ in-principle nod for major payment institution licence The “buy now, pay later” (BNPL) platform will then be allowed to perform regulated payment services such as account issuance, domestic and cross-bord…

About 40,000 businesses face GST rate hike for first time; Iras reminds all firms to update systems Firms will have to ensure that their systems and contracts are compliant when the GST rises to 8% on Jan 1.

Why transition financing of coal plants is important, and how to stop its abuse: Ravi Menon He noted that the early phase-out of coal power plants is one of the top two decarbonisation strategies that would move the need…

Musk sells US$3.95b of Tesla stock after buying Twitter Elon Musk unloaded 19.5 million shares, according to regulatory filings on Tuesday in New York, his first disposals since August.

Residential property rents climb in October; condo volumes down: SRX, 99.co “With the 15-month wait it was expected that this would have a spillover effect on the rental market, as more private property owners would rent…

Singapore companies perform worse, optimism cools: BT-SUSS Q3 survey Of the survey’s three indicators of performance, orders or new business weakened, while profits remained in decline.

Golden Energy to delist via cash consideration; offers distribution in specie of shares The series of proposals come as the company seeks to reduce its exposure to energy coal.

CZ’s Binance to buy rival FTX after Sam Bankman-Fried faces liquidity crunch The acquisition will reshape the more than US$1 trillion industry that is already dealing with a prolonged market downturn.

Meta to begin widespread job cuts on Wednesday morning Chief executive officer Mark Zuckerberg spoke to executives on Tuesday to prepare them for the cuts, where he said he was accountable for the company’s “missteps”, s…