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PropertyBT Podcast: Are Singapore’s office buildings a good bet?

Synopsis: Hosted by senior correspondent Leslie Yee, PropertyBT shares insights on all things Singapore property to help you on your property investment journey. Episodes feature views and insights from property analysts. Leasing activity and investment sales activity for good grade office buildings in the Central Business District is strong. Is optimism justified? What are the […]

S’pore to gain from US crypto regulatory woes, says digital asset bank

SINGAPORE – Singapore’s digital asset sector can benefit from the regulatory troubles brewing in the United States, said industry executive Diogo Monica. Mr Monica, the co-founder of American cryptocurrency bank Anchorage Digital, told The Straits Times on Thursday that many domestic and international players in the crypto space may be pushed to set up headquarters […]

America does not seek economic decoupling from China, says US ambassador in Beijing Nicholas Burns

SINGAPORE – The United States is not seeking to decouple its economic ties from China, US Ambassador In Beijing Nicholas Burns said on Thursday. However, he noted that the US will continue to compete in technology with the world’s second-largest economy and keep reminding it of its commitments to multilateral agreements on global trade and investment. […]

Colombia’s state oil firm to invest up to $69b to expand production of oil and gas: CEO

SINGAPORE – Colombia’s state energy company will invest around US$48 billion (S$69 billion) over the next eight years to expand oil and gas production, noted chief executive Felipe Bayon. Mr Bayon told The Straits Times at the firm’s new office in Orchard Road that the firm was producing around 700,000 or so barrels of oil equivalent […]

Hong Kong’s worst trading debut in 2022 sends EV-maker down 42%

HONG KONG – An electric-vehicle (EV) maker and a unit of China’s real estate developer China Vanke plunged in their trading debuts in Hong Kong, following initial public offerings (IPOs) that together raised more than US$1.5 billion (S$2.15 billion). Chinese EV-maker Zhejiang Leapmotor Technology slumped as much as 42 per cent to HK$25.05. The company […]

Australia’s massive data breach risks eroding Singtel’s profits

SYDNEY – The cost for Singtel to make up for one of Australia’s worst data breaches risks wiping out more than one-quarter of its annual profit. Optus, Singtel’s Australian mobile phone business, last week revealed that hackers had accessed the personal information of as many as 9.8 million customers – over one-third of the population. Some […]

Singtel’s profit risks erosion from Optus data hack in Australia

SYDNEY – The cost for Singtel to make good customers exposed to one of Australia’s worst data breaches risks wiping out more than one-quarter of its annual profit. Optus, Singtel’s Australian mobile-phone business, last week revealed hackers accessed the personal information of as many as 9.8 million customers – over one-third of the population. Some […]

Sats shares tumble nearly 23% after $1.64b deal to buy world’s biggest air cargo handler

SINGAPORE – Shares of Sats plunged sharply to a two-year low after the stock resumed trading on Thursday morning, following news of the company’s deal to buy the world’s largest air cargo handler for $1.64 billion. The ground handling and catering provider announced on Wednesday it will acquire Paris-based Worldwide Flight Services (WFS). The combined entity’s […]

Innovation, collaboration can get global economy out of today’s crisis: Tharman

SINGAPORE – Innovation within and collaboration among nations can ensure that the global economy comes out of the current economic crisis intact, said Senior Minister Tharman Shanmugaratnam on Thursday. Speaking at the Milken Institute’s Asia Summit 2022 at the Four Seasons Hotel, Mr Tharman said there are no quick fixes for the crisis the world […]

South Korea seeks to freeze $93m of Bitcoin linked to Terra founder Do Kwon

SINGAPORE – The South Korean authorities have asked two cryptocurrency exchanges to freeze some US$65 million (S$93 million) worth of Bitcoin linked to entrepreneur Do Kwon, the founder of the company behind two now-collapsed digital coins. Kwon is the founder of Terraform Labs, the company behind algorithmic stablecoin TerraUSD, or UST, and its sister token […]

US increasingly worried about UK turmoil, working with IMF

WASHINGTON – The Biden administration is alarmed over the market turmoil triggered by the new British government’s economic programme and is seeking ways to encourage Prime Minister Liz Truss’ team to dial back its dramatic tax cuts. Officials inside the US Treasury Department are concerned about the volatility in financial markets and potential spillovers to the […]

Digital identities on blockchain could help with compliance in crypto, say players

SINGAPORE – Investors who create a digital identity that is stored on the blockchain could find it easier to apply for an online wallet while companies would be able to verify identities more efficiently, say market observers. Mr David Shin of Seoul-based tech firm Klaytn Foundation told The Straits Times on Wednesday that having this […]

Sustainable work conditions as important as sustainable growth: MAS chief

SINGAPORE – The concept of sustainability goes beyond climate change and runs through the whole gamut of policies that ensure economic stability, said the managing director of the Monetary Authority of Singapore. Speaking at a virtual conference on Wednesday, Mr Ravi Menon said sustainable use of resources is key to reversing the negative impacts of […]