The Business Times

Musk tells Twitter staff bankruptcy of the social network possible The billionaire recently cut half of Twitter’s staff and introduced dramatic changes to its subscription rules.

Singapore’s latest 6-month Treasury bill auction draws record 95,000 bids totalling S$14.2b The results of the auction which ended with a cut-off yield of 4% were delayed on Thursday (Nov 10) by over five hours.

Property players less optimistic in Q3, expect ‘muted outlook’ for suburban residential market The tightening of the total debt servicing ratio and rising interest rates are expected to crimp the purchasing power of home…

Amazon becomes world’s first public company to lose US$1t in market value Its shares have fallen almost 50% amid slowing sales, soaring costs and a jump in interest rates.

#BTOpinion: ST Engineering’s US marine venture shows a rich order book is not always profitable More companies would do well to follow in ST Engineering’s footsteps, and conduct regular portfolio reviews to focus on busi…

#COP27: How MAS will finance Singapore’s hydrogen transition: data disclosures, capabilities and transition plans Singapore’s central bank has committed S$100 million over the next five years for sustainable finance capa…

Binance backs out of FTX rescue, leaving the crypto exchange on the brink of collapse. Here's a roundup of developments: 1. CZ’s Binance to buy rival FTX after Sam Bankman-Fried faces liquidity crunch 2. Temasek engages…

S$2,000 psf benchmark for private homes in OCR to persist: poll Despite these “elevated prices”, most surveyed respondents expect demand for private homes in the OCR to remain robust as HDB upgraders will be “flush with…

PM Lee heads to Cambodia for Asean Summit, with Myanmar crisis high on the agenda Over the course of the four-day gathering, the leaders are also expected to discuss the ongoing disputes in the South China Sea, regional…

Sequoia marks FTX investment down to zero In a letter to limited partners, Sequoia says it runs “rigorous due diligence” on FTX at the time of its investment and its exposure to the company is limited.

FTX investors warned of likely bankruptcy without new funds Sam Bankman-Fried’s acknowledgement of his firm’s deep financial hole and limited options reflects the uncertain fate of FTX and its clients.

Markets cheer Singtel special dividend; company posts 23% higher H1 profit Singtel declares an interim dividend of S$0.046 as well as a special dividend of S$0.05 for FY2023.