The Business Times
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South-east Asia's leading financial news site.

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iEdge Next 50 Liquidity Weighted Index outperforms STI on tech strength

The iEdge Singapore Next 50 Liquidity Weighted Index's constituents saw an average daily turnover of S$275 million through Apr 15, a 43% increase from 2025.

https://bt.sg/3vpnJ
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More older millennials and Gen X in Singapore investing in cryptocurrency: report

A third of them own or have owned the virtual currency in 2026, compared with 29% last year.

https://bt.sg/t7i3
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Batam’s data centre boom is just getting started, with caveats

Global backers, private equity firms, and telecom operators are pouring capital into the area.

https://bt.sg/iW5Up
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DBS sees wealthy European, US clients more interested in Asia

The rich from Europe and US are seeking to invest in businesses while some are looking for a secondary family office in Asia, said DBS' Joseph Poon.

https://bt.sg/pzYSy
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He built an AI work bot for S$150 – no coding required

For S$150 and with no coding background, GRVTY Media content strategist Alistair Chong built a custom AI bot that automates and assigns clients requests to his colleagues using OpenClaw. He also used Claude Code to create a data wrangling app to manage media on film shoots.

https://bt.sg/fqkD
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SE Asia’s cruise industry raked in S$12.7b in 2024, with Singapore handling nearly half the passengers

The spend per passenger in South-east Asia amounted to 2.4 times that of the global average of cruise passengers in 2024, or US$2,564 (S$3,259) per visit, said the Singapore Tourism Board.

https://bt.sg/3FPKX
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Loss of energy output in Middle East due to Iran war will take about 2 years to recover: IEA chief

β€œNo new tankers were loaded in March. There were no new deliveries of oil, gas or fuels to Asian markets,” said International Energy Agency chief Fatih Birol.

https://bt.sg/wpiAD
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Construction, defence among sectors to watch in Singapore amid geopolitical tensions: analysts

The strong performance in construction-linked stocks comes amid several mega projects, including the development of Changi Airport Terminal 5 and the building of the Cross Island Line Phase 2.

https://bt.sg/3FqBg
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Start your day with BT β˜•οΈ:

Stocks to watch: Wilmar, CICT, CDLHT, Centurion https://bt.sg/hgp5

Top stories:
1. Singapore: S-Reits commence Q1 reporting season on a positive start https://bt.sg/BM7M

2. Wealth: Whisky fund uncorks US$50 million play on casks after scams rattle market https://bt.sg/3GKYB

3. Asean: Less than six months after Nasdaq debut, Malaysia’s Alps Group pivots to bridge biotech access gap https://bt.sg/aEJo
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CICT sells Asia Square Tower 2 to IOI for S$2.5 billion, buys Paragon for S$3.9 billion

Asia Square Tower 2 is being sold to IOI Marina View, a subsidiary of the Bursa Malaysia-listed IOI Properties Group.

https://bt.sg/ooBuX
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Koh Brothers Eco jumps 17.5% as former-Catalist unit Oiltek crosses S$1 billion mark

With its recent gains, which were likely propelled by rising oil prices due to the conflict in the Middle East, Oiltek has now become the first and only Catalist-origin stock with a market cap exceeding S$1 billion.

https://bt.sg/MTSW
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🏎Ex-BT intern drifts into business with Initial D-inspired Dorifto! at Novena Square

Gladys Lam, a former Business Times intern turned entrepreneur and motorsports racer, opened Dorifto!, an indoor drift experience at the Velocity @ Novena Square car park annexe on Apr 16.

The 14,000-square-foot space is transformed into a Japanese touge-inspired streetscape complete with forest murals, road signs and the iconic tofu shop from Initial D.

https://bt.sg/eVcK
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Singapore tycoon seeks US$1 billion from banks over collapsed firm

Singapore real estate tycoon Ching Chiat Kwong says he put US$100 million of his own money into NewSat, before it collapsed in 2015.

https://bt.sg/HVSB
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Malaysian ringgit set to test new high for 2026, strategists say

Gains have been supported by strong exports and a surge in investment tied to Malaysia’s fast-growing data centre industry.

https://bt.sg/cL3Y
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S$3.9b Paragon acquisition seals CICT’s dominance in downtown retail, adds medical exposure

The acquisition reinforces CapitaLand Integrated Commercial Trust’s stronghold as the largest owner of private retail stock in Singapore.

https://bt.sg/D6ot
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Robots outrun humans at Beijing half-marathon

Chinese-made humanoid robots showed off their fast-improving athleticism and autonomous navigation skills as they overtook human runners in a half-marathon race in Beijing on Sun (Apr 19).

https://bt.sg/phj7
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Singapore GasCo secures extra LNG cargoes as Iran war hits supply, eyes long-term deals amid volatility

Singapore, which relies on gas to generate 95% of its electricity, has been importing increasing volumes of LNG.

https://bt.sg/KVAJ
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Reckless housing land bids? Developers’ faith in Singapore government can pay off

The energy crisis could dent economic growth and cause widespread job losses. Home loans might get pricier should interest rates rise in response to high energy prices driving up inflation, says BT's Leslie Yee.

https://bt.sg/e4QiH
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Most Singapore firms hit by rising energy costs, with some freezing hiring, trimming benefits: Poll

A poll conducted by the Singapore National Employers Federation (SNEF) found that 96% of the employers polled are facing higher operating costs, with energy prices driving up utilities, fuel, materials and freight costs.

https://bt.sg/Bb5vx
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The Paragon paradox: CapitaLand’s upscale retail mall scoop is a win – but for whom?

Why would Singapore’s largest commercial real estate giant pay a massive premium for a mall staring down a costly renovation? Part of the answer lies in the cold, efficient mechanics of scale, says BT's Jude Chan.

https://bt.sg/CpgA

πŸ‘‰Paragon’s journey from car showroom to S$3.9 billion jewel https://bt.sg/mpbM
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