The Business Times

E-commerce and credit business push Sea’s Q3 2022 revenue up 17.4%; 2022 guidance revised down Revenue growth was driven mainly by the e-commerce and other services segment, which surged 50.9% from US$1.3 billion to US$2…

Platform worker protections to be unveiled next week, possibly with new employment category While details of the long-awaited recommendations were not disclosed, the committee’s vice-chair said that they will be implemen…

Pay rise to surpass pre-Covid-19 levels; inflation to eat into wages In 2023, the average pay rise in Singapore is expected to reach 3.75%, more than the 3.65% seen in 2022.

SIA flies 2.3m passengers in October; group capacity at 71% of pre-Covid levels Year on year, group capacity was up 109.7%, reaching 71% of pre-Covid-19 levels during October.

Media entertainment company NoonTalk to raise over S$4.8m in SGX IPO The company, led by founder Dasmond Koh who is also a television host, is offering 22 million shares at an expected price of S$0.22 each.

DBS, OCBC raise fixed home loan rates to up to 4.3%: What home buyers need to know DBS continues to have a home loan specially for home owners of public housing flats at 2.6% a year – similar to the current HDB concessio…

Economic interdependence between US and China aids national security too: Tharman “Interdependency is not going to assure us of peace – there’ll be constant friction... – but it’s much safer than a world that’s decoupled…

Climate change is longer-term threat to food and energy security: PM Lee Prime Minister Lee Hsien Loong said recurring waves of Covid-19 globally and Russia’s ongoing war against Ukraine have exacerbated global food and…

Credit Suisse cuts senior bank jobs in Asia as overhaul begins Among the bankers let go were the Asia-Pacific head of equity capital markets, the head of ratings advisory, and two other Singapore-based bankers.

Singapore stocks in travel, China business stand to benefit from China’s reopening CapitaLand Investment, Keppel Corporation and Raffles Medical Group were among the stocks UOBKH singled out for their material exposure t…

FTX collapse blows a hole in crypto’s decentralised promise The cruel irony of FTX’s collapse is that some investors had parked their holdings there because they perceived it as a relatively safe option.

#BTOpinion: Singtel, StarHub lack clear enterprise strategy to drive longer-term performance While both telcos still have very substantial and profitable consumer operations, margins on consumer services have been hit as…

Amazon plans largest-ever layoffs, targeting devices, retail, HR The layoffs could begin as soon as this week, sources say.

Sea e-commerce arm Shopee cuts jobs in third round of layoffs this year, including in Singapore This is at least the third round of job cuts Shopee has made this year, following its most recent layoffs in September.