BT journalists clinch double win at Sias awards for financial journalism

Congratulations to BT’s Senior Correspondent Stanislaus Jude Chan on being named Financial Journalist of the Year! 🎉

A big congratulations also goes to BT’s Journalist Young Zhan Heng, who received the Most Promising Journalist of the Year award! 👏

https://bt.sg/Afsnr

EnterpriseSG to commit over S$45 million to help manufacturers adopt AI solutions

Minister of State for Energy, Trade and Industry Gan Siow Huang, says: “We want AI to be accessible not just to large manufacturers, but also to our SMEs.”

https://bt.sg/cjip

Start your day with BT ☕️:

Stocks to watch: FCT, Olam https://bt.sg/Mu9B

Top stories:
1. Companies: DBS favours Chinese banks; flags HSBC as long-term buy https://bt.sg/9SGi

2. Companies: Singapore’s EQDP attracts more than S$1 in private capital for every public dollar invested: Chee Hong Tat https://bt.sg/7LQ76

3. Property: Pek Chuan Building in Lavender Street to be sold for S$80.7 million https://bt.sg/hoEZ

No direct exposure to Indonesia fires: Olam

The group says it was not aware of any formal regulatory inquiries or notices relating to the fires.

https://bt.sg/5dZkN

FCT posts 2.6% higher H2 DPU to hit new full-year record payout

Revenue is up 8.7% at S$223 million for the half-year, from S$205.2 million before.

https://bt.sg/qJGF

CIMB ‘categorically denies’ that it will privatise Indonesian unit Niaga

It says Niaga remains an ‘integral part’ of the group’s regional footprint.

https://bt.sg/MCAN

South-east Asia digital economy to hit US$368 billion GMV in 2026, US$1.1 trillion in 2035: report

Singapore leads in AI adoption across South-east Asia, based on the e-Conomy SEA report by Bain, Google and Temasek.

https://bt.sg/mG8J

NTUC, KPMG ink partnership to help companies adopt AI and create better jobs

The grants help companies move from planning to implementation, equip workers with relevant skills and redesign jobs amid AI-driven changes.

https://bt.sg/mKsY

Indonesian stocks with high shareholding concentrations to be excluded from index starting Nov 2

MSCI has raised concerns that some transactions were allegedly being manipulated by dominant shareholders.

https://bt.sg/oELZh

Barclays to cut 5,000 jobs in AI-fuelled push to lower costs

It cut about 1,000 jobs in the first six months of this year, with the remaining due before the end of 2026.

https://bt.sg/amPs

Danantara ready to deploy more capital into Indonesian stocks after MSCI-triggered rout

Danantara is prepared to continue buying shares when prices are attractive and companies have strong growth potential, says chief investment officer Pandu Sjahrir.

https://bt.sg/Cdje

World’s largest offshore wind platform by Seatrium consortium on track to be completed by 2028

Once operational, the 2 GW platform will be the world’s largest, weighing more than 30,000 tonnes.

https://bt.sg/NvSiV

CapitaLand Investment appoints banking veteran Hsieh Fu Hua as chairman from Jan 1, 2027

Temasek Singapore president Png Chin Yee will join the board as a non-executive, non-independent director.

https://bt.sg/pArju

GovTech retrenches another 38 staff in second round of layoffs

This brings the total number of employees retrenched since July to 131.

https://bt.sg/iyhpX

Start your day with BT ☕️:

Stocks to watch: Seatrium, CapitaLand Investment, Keppel DC Reit, Suntec Reit, CLCT, TSH Resources https://bt.sg/ryfw

Top stories:
1. Companies: Keppel DC Reit 9M DPU up 11.7% at S$0.08571 on organic growth, acquisitions https://bt.sg/mZNGn

2. Property: Easy to rent out, hard to sell: Are buyers losing interest in Singapore’s one-bedroom condos? https://bt.sg/AsPdQ

3. International: Energy security fears could spur development of Asia’s upstream gas assets: McKinsey https://bt.sg/8kEP

eBay to axe 9% of staff in second round of job cuts in 2026

The retrenchments will affect around 1,000 employees.

https://bt.sg/vJAc

Take-up of new private homes dives 45% in Q3 as prices pick up with 1.4% rise

Developers sold 1,183 new private homes in the quarter, while the stock of completed private residential units increased.

https://bt.sg/rve4

Helping asset managers expand across Asia and beyond

Asia-Pacific assets under management are projected to reach US$34.5 trillion by 2030, according to PwC. For managers scaling into that, a new Singapore hub aims to remove the need to switch systems as they grow.

Brought to you by SEI

bt.sg/rHKn

Nearly half of Singapore workers put in at least six unpaid hours a week: survey

This figure is higher than the global average of 38%.

https://bt.sg/uDCR

Singapore commits S$143 million to fund R&D for industrial decarbonisation

Out of this sum, S$100 million will be set aside for a new co-funding programme to encourage companies to initiate and design R&D projects, with the support of Singapore’s public research institutions, to address decarbonisation challenges in industries.

https://bt.sg/CdQu