The Business Times

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Vickers Venture’s SPAC closes business combination with Scilex; starts trading on Nov 11 This comes comes some 10 months after the initial business combination announcement in March, and no announcements were made over a…

FTX’s assets frozen by regulators as probes begin FTX investors have marked their investments to zero, with Softbank being the latest to do so.

Market watchers say Golden Energy exit offer unfair, results for shareholders uncertain Shareholders could wind up disappointed as the offer is below the “overall SOTP (sum of the parts)” of the company, notes an analyst…

Malaysia’s economy expands 14.2% in Q3, exceeding economists’ forecasts Growth was driven by strong domestic consumption and robust exports.

Local brands make fashion and design sustainable “I wanted to create something that doesn’t just take from the planet, and instead gives back... an industry like fashion can be very polluting and destructive to the plane…

Dollar suffers biggest plunge since 2009 as CPI smacks Fed bets The consumer price report offered hope that the fastest price gains in decades are ebbing and giving Federal Reserve officials room to slow down.

GoTo plans to cut more than 1,000 jobs in bid to reach profit: sources The reduction, equal to more than 10% of the workforce, will affect all divisions, sources say.

Singapore tourist arrivals hit new post-Covid record of 816,758 in October The latest figure remains below the 1.5 million visitors recorded in September 2019 before the pandemic.

Governance indicators on long-serving directors, pay disclosures improve in new directors survey While more than half of respondents fully disclose the detailed remuneration of their directors and CEOs, there is “strong…

Apac sees rising demand for sustainable aviation fuel but lack of refuelling points for airlines a pain point Countries and companies are racing to build up their capabilities to produce sustainable aviation fuel (SAF),…

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.

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.