The Business Times

Islamic banking to continue seeing growth in South-east Asia Growth of the Islamic financing industry in South-east Asia is mainly led by Malaysia and Indonesia, amid supportive regulatory environments and strong governm…

Temasek to lead US$100 million funding for crypto landlord Animoca Temasek has said it doesn’t directly invest in cryptocurrencies and prefers to back service providers in the space instead.

Local banks race to raise interest rates on savings accounts UOB is the latest among the trio of banks to announce a rise in the interest rates of their savings accounts.

🎥BT’s Top Stories from Last Week 1. Singtel to divest 3.3% stake in Airtel for S$2.25 billion 2. Prime freehold resale homes now available at new leasehold suburban prices 3. Noble fined S$12.6m for misleading financial…

Keppel to develop Singapore’s first hydrogen-ready power plant The power plant will be able to save up to 220,000 tonnes of carbon dioxide annually, equivalent to taking 47,000 cars off the road each year.

Enterprise Sustainability Programme benefits over 300 local SMEs, 40 projects: Low Yen Ling The ESP, launched in October last year, has a robust range of support schemes and measures to help SMEs embrace sustainability a…

GXS bank launched new savings account for select customers The Grab-Singtel digital bank, GXS Bank, is the first retail digital bank to launch and its savings account offers a 0.08% interest per annum accrued daily.

New suburban condos now cost 53.6% more than million-dollar HDB flats: OrangeTee With this price gap in mind, some buyers may find that million-dollar flats are “significantly cheaper” than new suburban condominiums, sai…

Thirty-two companies, 6 individuals awarded at the 17th Singapore Corporate Awards CEOs and boards of today have more things to worry about, amid an increasing emphasis on the “less tangible but crucial aspects”, such as…

#BTOpinion: It’s fine to fine Noble, but maybe nobler to pass it on Singapore needs to create injury compensation avenues for the many retail investors hurt by the wrongdoing of a publicly listed company. This improves e…

Bridgewater sets up presence in Singapore, aims to hire local talent The world’s largest hedge fund currently has 12 staff, of which 2 are local hires, helming its Singapore office.

Singapore moots new workgroup to discuss gig worker representation “An enhanced framework will close the imbalance in bargaining powers between platforms and platform workers," says NTUC deputy secretary-general Cham Hui…

OCBC raises interest rates on 360 account; up to 4.05% a year on first S$100k OCBC will also reinstate the bonus interest category for credit card spending. Account holders who spend at least S$500 each month on the OCBC…

Bitcoin hovers around US$20,000 as hawkish Fed weighs on crypto “Now that Powell has come out standing firm on inflation, the probability of a crypto crash has increased significantly,” says a market watcher.

US firms’ confidence in China falls to record low on Covid Zero policy, political tensions Only 51% of respondents expressed some degree of optimism about their 5-year business outlook in China, well down from 69% last y…

China’s largest developer posts record 96% profit slump Country Garden had earlier warned that earnings would tumble, underscoring how the sector’s woes have spread to developers once considered to be relatively safe.

Temasek, HSBC launch infrastructure debt financing company with US$150m equity commitment Founded by Temasek and HSBC, Pentagreen aims to deploy “blended finance at scale over time” to accelerate the development of susta…

Malaysia to allow limited chicken exports as local supplies ease Malaysia is among the region’s major poultry exporters, and supplied about a third of Singapore’s chicken demand last year.

#BTOpinion: Grab signals profit focus with cost cuts, but softer demand for deliveries is worrying Grab faces the challenging task of showing investors that it can walk the tightrope between growth and profitability

Malaysia inflation rate surges to 4.4% in July, in line with economists’ forecasts Higher food prices continue to fuel Malaysia's inflation with the country's consumer price index climbing 4.4% in July, the highest since…

Close to 5,000 BTO flats launched in August including 2 prime projects The Bukit Merah Prime Location Housing (PLH) projects comprise Alexandra Vale and Havelock Hillside, where prices excluding grants start from S$370,0…

#BTOpinion: With One Pass, it’s less about giving firms access to talent, but more about attracting them It is not an incentive programme that offers perks or rewards, or a gateway to permanent residency, unlike some oth…

Recent physical AGMs draw low attendance; preference for hybrid, electronic meetings In a survey, about 79% of shareholders were most keen on the hybrid AGM formats, citing better engagement and greater transparency.

Indonesia's tech firm GoTo buys local crypto exchange for US$8.4 million “We believe that blockchain technology may play a mainstream role in the future of finance,” GoTo said.

#BTOpinion: Be alert to Reits using leverage and paying fees in units to prop up distribution per unit Some Reits that trade below book value may offer superior value to buying physical properties and thus merit serious…

PODCAST: What can the risk averse do about rising inflation and interest rates when it comes to parking their spare cash? Find out from wealth editor Genevieve Cua. #btpodcasts #wealthbt Listen here: bt.sg/wYsZ Also avai…

At Accenture, it’s about making a positive impact, anywhere and anytime In the latest #TheStrategyRoom, Accenture Singapore's Ng Wee Wei, spoke to BT about the need for businesses to reinvent the building of a digital co…

#BTOpinion: Frasers Property should go private to address its depressed stock Perhaps the time has come for FPL to take a leaf from FHT and begin negotiating with its controlling shareholders to go private at a fair pric…

MAS may resort to suitability tests, leverage restrictions to tame crypto exuberance: Ravi Menon “(Consumers) seem to be irrationally oblivious about the risks of cryptocurrency trading,” said the managing director of MA…

Minimum S$30,000 monthly salary for applicants of new One Pass The Overseas Networks and Expertise (One) Pass will be open to top talent across all sectors, and allows them to start, operate and work for multiple compani…