The Business Times

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.

Zuckerberg says ‘sorry’ as Meta cuts more than 11,000 jobs “I want to take accountability for these decisions and for how we got here. I know this is tough for everyone, and I’m especially sorry to those impacted," says…

StarHub Q3 net profit falls 32% to S$27.4 million despite stronger revenue StarHub said the lower profits were due to higher staff costs, marketing and promotions (a “one-off expense” relating to the Premier League), rep…

#BTOpinion: To restore confidence in Sats, its board and management should buy the stock This is not a big ask, says BT's Ben Paul. "By demonstrating their willingness to invest a meaningful amount of their personal mone…

COE premiums set highs as extensions of old cars block new supply New records across three categories - ⬆️ Category B (Cars above 1,600cc or 97KW): S$115,388 ⬆️ Category D (Motorcycles): S$13,189 ⬆️ Category E (Open cate…

Atome gets MAS’ in-principle nod for major payment institution licence The “buy now, pay later” (BNPL) platform will then be allowed to perform regulated payment services such as account issuance, domestic and cross-bord…

About 40,000 businesses face GST rate hike for first time; Iras reminds all firms to update systems Firms will have to ensure that their systems and contracts are compliant when the GST rises to 8% on Jan 1.

Why transition financing of coal plants is important, and how to stop its abuse: Ravi Menon He noted that the early phase-out of coal power plants is one of the top two decarbonisation strategies that would move the need…

Musk sells US$3.95b of Tesla stock after buying Twitter Elon Musk unloaded 19.5 million shares, according to regulatory filings on Tuesday in New York, his first disposals since August.

Residential property rents climb in October; condo volumes down: SRX, 99.co “With the 15-month wait it was expected that this would have a spillover effect on the rental market, as more private property owners would rent…

Singapore companies perform worse, optimism cools: BT-SUSS Q3 survey Of the survey’s three indicators of performance, orders or new business weakened, while profits remained in decline.

Golden Energy to delist via cash consideration; offers distribution in specie of shares The series of proposals come as the company seeks to reduce its exposure to energy coal.