The Business Times

Rocket Internet-backed Flash Coffee lays off staff across markets Flash Coffee, which is headquartered in Singapore, opened over 250 outlets across seven countries in two years after raising millions of dollars from inve…

Bankman-Fried's FTX, parents bought Bahamas properties worth US$121m Most of FTX’s purchases were luxury beachfront homes, including seven condominiums in an expensive resort community, costing almost US$72 million.

SIA to ramp up flight frequencies in 2023 on expected demand surge It expects flight frequencies to reach, if not exceed, pre-pandemic levels across East Asia and South-east Asia by March 2024.

SkillsFuture Series of short courses refreshed to focus on emerging fields, Industry 4.0 The digital economy, care economy and green economy are identified as areas with increasing opportunities for Singaporeans.

JD.com cuts salaries for about 2,000 managers by up to 20% Its billionaire founder Richard Liu will donate 100 million yuan (S$19.3 million) of his own money towards staff welfare, sources say.

Singapore unique FTX users average 240,000 a month to form second-highest group of visitors The shuttering of FTX’s largest competitor, Binance, in Singapore back in December 2021 saw Binance users in Singapore switching…

#BTOpinion: Crypto investors should look in the mirror when apportioning blame Retail investors were, perhaps, seduced by the possibility of making a life-changing fortune by trading cryptocurrencies.

Updated industry digital plans will offer more integrated digital solutions for SMEs The refreshed industry digital plans will focus on assisting food and beverage SMEs to overcome rising labour costs and a tight labour…

NoonTalk debuts on SGX at S$0.225 Chief executive Dasmond Koh said it was heartwarming to see how people who have followed his progress over the years have come on board to invest in the company.

Orchard Road retailers stock up, widen festive offerings for busier year-end season “I have customers who are coming in from Indonesia, Australia, even as far as Canada. I think the momentum is going quite strong for Dec…

BT, UOB partner to launch Sustainability Impact Awards “There is an abundance of sustainability commitments by individuals and businesses in recent news, but what we are looking for are the real McCoys,” said BT editor C…

Geo Energy says it has enough funds to stay in coal mining, may acquire assets Chief executive Tung Kum Hon said that funding for the sector is “not easy” currently because banks are more cautious about funding projects…

#BTOpinion: Paying rent in the interim makes sense for would-be first time home buyers As one pays rent, one’s savings in the CPF Ordinary Account, which pays an interest rate of at least 2.5% per annum, could be buildin…

Hung parliament weighs on Malaysia’s ringgit The Malaysian ringgit has fallen as much as 0.7% to almost RM4.59 per dollar on Monday, after the weekend’s election resulted in a hung parliament.

Binance placed on alert list after complaints; all crypto exchanges can fail: MAS Although Binance and FTX were not licensed here, MAS said Binance had been actively soliciting users in Singapore, offering listings in Si…

Investors in 2023 seek ESG ugly ducklings that are ready to blossom: Morgan Stanley Analysts note China’s status as the largest ESG market in the region, citing its abundance of pure-play ESG companies, including renewab…

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A tight Malaysia election produces results, but very few answers While there was a clear rebuff by voters to the Barisan Nasional (BN) coalition led by Umno, it’s telling that no single party won the minimum of 112 seats…

BT launches Thrive newsletter for young adults BT's new initiative focuses on money, career and life tips and includes dedicated events and Instagram page (@thrive_bt). 📰 Sign up for the newsletter today: bt.sg/thrive

#BTOpinion: Banks are raising interest rates even as investors have been piling into stocks – what happens now? CPF could be on the brink of adjusting Special Account interest rates, as 10-year Singapore government bond…

Hiring activity cools in tech, manufacturing amid broader caution by employers But demand for tech skills is expected to remain robust, especially across other industries.

Banks woo savers for fixed deposits as mortgage rates climb The higher fixed deposit interest rates reflect rising interest rates globally, which is good news for savers with spare cash in their bank accounts, notes an o…

#BTOpinion: Mass lay-offs in Big Tech are an old-guard mistake Twitter, Meta and Amazon are repeating what history has proved to be a deeply risky strategy, weakening companies in the long term for short-term savings.

Binance CEO: Company expects to gain from industry growth; crypto world can learn from traditional finance sector “Regulators are going to scrutinise this industry a lot more – but that might not be a bad thing, in order…

#BTOpinion: Tone down expectations post-Party congress, but hold on to hope in a slower-growing China Can China be secure and stable if its economy grows in the low single digits? Will unrest brew if there are insufficie…

Three out of four bitcoin investors have lost money: study As prices were rising and smaller users were buying bitcoin, the largest holders were also selling – making a return at the smaller users’ expense.

#BTLifestyle: Drew Nocente cooks Italian his way at Cenzo Expect food that's uncontrived, follows no agenda and simply aims to please.

✍️Editorial: Tech bubble bursting exposes unsustainable business models There will be plenty of pain, not just for companies and their investors, but also for laid-off employees and retail investors.

#BTOpinion: Purpose-bound money, still searching for its purpose Underwhelming and unwieldy is how BT's Kelly Ng described the process of paying for lunch using “purpose-bound digital Singapore dollars”.

Are tech stocks now good value? Amazon, Netflix and Meta are on sale after shedding a whopping 48%, 58% and 70% of their value. But are they a good deal?