SGX CEO Loh Boon Chye to step down; succession planning under way

There is “ample time... to plan thoughtfully and work through the arrangements” for a transition in the CEO role, the veteran banker said.

https://bt.sg/36QXT

OCBC customers face difficulties accessing online, mobile banking services

More than 700 outage reports were lodged on tracking site Downdetector from about 12.31 pm, mostly citing the banking app and login issues.

https://bt.sg/jfeB

Malaysia, Thailand central banks join MAS cross-border payment initiative

They will partner industry players across their respective jurisdictions to develop common approaches for cross-border use of digital money.

https://bt.sg/8xzZ

Knight Frank’s Tan Tee Khoon leaves firm, Nicholas Keong takes over auction business

Keong will continue to oversee the prime residential sales and leasing, and private office businesses.

https://bt.sg/fVB9

Keppel Energy, Sembcorp Utilities and Tuas Power to supply biomethane in pilot project

The sandbox will run for 15 years, with the three power generation companies expected to bring in their first biomethane supplies by end-2028.

https://bt.sg/NbMe

Geely Auto, a key BYD rival, primed to re-enter Singapore market

Geely Auto said to have begun negotiations to appoint an agent from among city-state’s big automotive groups.

https://bt.sg/rweC

How Vietjet’s US$250 million global asset freeze complicates its 600-aircraft financing plans

This comes as Vietnamese airlines order new planes worth hundreds of billions to fuel growth.

https://bt.sg/M7BP

KKR founders among investors buying 42% of Valencia; club valued at US$1.4 billion

Singapore billionaire Peter Lim’s investment company Meriton Holdings will remain the majority shareholder of the Spanish team.

https://bt.sg/dznE

Davinder Singh Chambers appointed adviser to government on haze-linked company probes

The government said it would seek to identify and hold accountable companies that may be responsible for, or have contributed to, the fires causing haze in Singapore.

https://bt.sg/dZCV

NEA issues notices to 10 Singapore-based companies, including Wilmar and APP, over haze

It seeks information on firms’ Indonesian land concessions, corporate links and measures to prevent, fight fires.

https://bt.sg/4DpMX

OUE Reit strengthens presence in Sydney with further 50% stake in Salesforce Tower

The deal, valued at A$864 million (US$606.4 million), takes the Reit’s control of the property, located at 180 George Street, to 69.9% upon completion.

https://bt.sg/LKnF

FCT, NLB to turn Causeway Point’s former cinema space into reading hub in mall revamp

The HomePage @ Causeway Point, developed with the National Library & Archives Board (NLB), is expected to open in 2028.

https://bt.sg/ni9k

#Brunch: Cabin fever: Airlines rush to refurbish plane interiors to keep competitive edge

With some airlines spending as much as US$7 billion on modern features and cutting-edge technology, is the investment worth it, and could passengers end up footing the bill?

https://bt.sg/xgk7

End of an era? How the Hermes Birkin is losing its scarcity appeal

Prices of the bags on resale platforms have been falling since pandemic peaks, resellers say.

https://bt.sg/bKpq

From crisis to revival: SGX CEO Loh Boon Chye plans exit after lucrative decade-long pivot

“The company has done really, really well under Boon Chye’s leadership,” says SGX chairman Koh Boon Hwee, noting that the exchange’s share price climbed 216% from the time Loh took the helm to Jun 30 this year.

https://bt.sg/ammE

Waymo founder predicts ‘landslide’ robotaxi adoption in Singapore, driven by high car costs

Autonomous vehicles (AVs) are involved in 95% fewer crashes resulting in serious injuries or fatalities than human-driven vehicles. “They don’t text, they don’t drink, they’re not distracted … and they won’t talk about politics,” says Waymo founder Sebastian Thrun.

https://bt.sg/AkRY

#BTLifestyle: Johanne Siy brings a Filipino touch to Aro Singapore

Drawing inspiration from her Filipino heritage, Johanne Siy delivers a meticulously crafted 12-course tasting menu that showcases her creativity and technical skill. BT’s Jaime Ee finds out why this much-awaited debut is worth the attention.

https://bt.sg/7bjR

#BTLifestyle: Is stamp collecting enjoying an analogue revival or are its best days over?

Helping keep the pastime alive is 170-year-old UK dealer Stanley Gibbons, which returns with a live auction.

https://bt.sg/g4wV

Gas supply cut from Indonesia accounts for less than 2% of Singapore’s daily gas demand: EMA

The authority has contingency plans in place to deal with such reductions.

https://bt.sg/HSZN

Malaysia’s co-working operator Worq is confident it can keep up its 40% growth rate

All of the company’s co-working spaces are profitable “on a standalone basis” due to a prudent approach and the strategy for new co-working office openings, Worq’s chief financial officer and co-founder Andrew Yeow tells BT's Lionel Lim.

https://bt.sg/zxVC