Start your day with BT ☕️:

Stocks to watch: ESR-Reit https://bt.sg/HEGh

Top stories:
1. Asean: Vietnam’s northern provinces, not Hanoi or Ho Chi Minh City, are powering near 10% GDP growth https://bt.sg/L7KT

2. Companies: MAS’ third EQDP shot of S$1.45 billion a catalyst for small and mid-caps to catch up: JPMorgan https://bt.sg/46iYM

3. Companies: Scalability of digital assets hinges on ‘boring’ risk-management systems: summit participants https://bt.sg/AcLv

MAS’ third EQDP shot of S$1.45 billion a catalyst for small and mid-caps to catch up: JPMorgan

While the first two allocations of S$4.5 billion in seed funds have brought on a burst of liquidity since the programme was first rolled out in July 2025, mid-cap stocks have trailed the benchmark index.

https://bt.sg/jWR4

Top Glove Q4 profit surges 352.6% to RM157.6 million as demand-supply balance improves

The surge was driven by higher global glove demand and tightened supply from the Middle East conflict.

https://bt.sg/dDjS

S$7 billion wiped off OCBC value as shares slide 4.9% in heavy trade

Citi downgraded OCBC from ‘neutral’ to ‘sell’ in a banking note on Wednesday morning.

https://bt.sg/8Tqoe

Citi targets globally ambitious firms as geopolitical de-risking drives Singapore flows

Tasnim Ghiawadwala, global commercial bank head at Citi, says: “Our clients are realising that (they) can’t put all (their) eggs in one basket.”

https://bt.sg/jsUC

Brookfield denies allegations that it cut Soilbuild out of JV deal

The dispute relates to Brookfield’s 2025 acquisition of three Singapore properties from Mapletree Industrial Trust for S$535.3 million.

https://bt.sg/598Fx

‘Herd mentality’ seen in private-market fund flows; Asia offers diversification: Lombard Odier

Recent years have also seen a “benign market environment”, leading to high leverage, optimism and heavy fundraising – conditions that could “lay the groundwork for trouble”, Daniel Matson, global head of private assets at Lombard Odier tells BT's Jean Low.

https://bt.sg/rFgX

Jurong Island energy storage system not part of core power reserves: Tan See Leng

While Singapore mandates a required reserve margin (RRM) for installed generation capacity to sit at least 27% above peak electricity demand, Dr Tan said the Jurong Island battery energy storage system (Bess) does not count towards the RRM, “due to its limited discharge duration”.

https://bt.sg/9NjA

SIA, Air India expand code-share flights, reciprocal mileage perks

“Demand for travel between Singapore and India remains strong,” noted SIA chief commercial officer Lee Lik Hsin, adding that the partnership will “give customers greater choice and convenience, as well as enhanced reciprocal benefits for our frequent flyer members”.

https://bt.sg/CXX8

Car COE premiums resist slow market to remain above S$130,000

The fact that premiums hardly budged even during a slow period of sales is typical of the current COE market, say dealers.

https://bt.sg/59NnN

What’s taking Hongkong Land fund so long to seal Marina One deal?

The asset, with an asking price of about S$5.7 billion, comprises about 1.88 million square feet (sq ft) of net lettable area of premium Grade A office space and 140,000 sq ft of retail space.

https://bt.sg/nBqy

Start your day with BT ☕️:

Stocks to watch: SIA, CapitaLand Investment https://bt.sg/rFCQ

Top stories:
1. Singapore: EnterpriseSG to invest S$120 million over 5 years to support SME innovation https://bt.sg/8mr4

2. Companies: US$7 trillion data-centre boom is creating gaps in insurance cover in Apac: report https://bt.sg/tf8f

3. International: Tharman, IMF chief warn of structural risks from global public debt https://bt.sg/cVbx

Revolut to set up CBD office in Collyer Quay, puts S$350 million into Singapore expansion

It plans to nearly double local headcount within the next three years.

https://bt.sg/8vtLn

IOI Properties and CapitaLand Investment closer to acquiring One Raffles Place in joint bid

Previous reports had put the indicative pricing for the prime CBD property in the S$2.3 billion to S$2.4 billion range.

https://bt.sg/8u82

DBS, OCBC, UOB rout lops billions from STI as inflation, rate concerns spook investors

Banking stocks were all in the red on Thursday morning, leading the STI’s decline.

https://bt.sg/Sfcn

‘We will not stop hiring’: UOB CEO on plans to recruit 1,000 graduates as AI reshapes entry-level work

The roles will include those in personal financial services and anti-money laundering.

https://bt.sg/ktXo

Meet luxury’s movers and shakers at BTLuxe Edit conference

Get up close and personal with the movers and shakers of the luxury industry at The BTLuxe Edit – Future:Legacy, a symposium on luxury, wealth and legacy on Oct 28.

Hear from Lo & Behold’s Wee Teng Wen, Francis Yeoh from YTL Corporation Bhd, his niece Yeoh Pei Xien from YTL Hotels, Elevate Capital’s Ashish Manchharam, Baan Trok Tua Ngork's Sandy Assakul, Unlisted Collection’s Loh Lik Peng and prominent architect Chan Soo Khian of SCDA Architects.

Presented by Schroders Wealth Management at Shangri-La Singapore, the event is limited to 150 guests. Tickets are available here.

https://bt.sg/Bwnm

Assets of Tokenize Xchange founder and his ex-wife frozen by court order

Hong Qi Yu and Erin Koo are being sued by 249 ex-customers of the defunct crypto trading platform.

https://bt.sg/3gT6S

Singapore Grand Prix entertainment may be curbed if haze worsens, FIA says

The haze is not expected to threaten the race itself.

https://bt.sg/htC7

Ray Dalio says we’re nearing point where AI bubble may burst

His comments come as technology giants spend hundreds of billions of dollars on AI, increasingly financed with debt, and as market gains concentrate in a handful of stocks.

https://bt.sg/o3ChH