The Business Times
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Benjamin Cher

Benjamin Cher

CORRESPONDENT

Benjamin is a correspondent with BT’s Companies and Markets team. He covers the tech and venture capital ecosystem in Southeast Asia. He was previously with Garage, BT’s startup and venture capital portal, and The Edge Singapore.

emailbenjamincher@sph.com.sg
email@BenCherBT
As digital banks in Singapore cross the three-year mark, profitability is coming into sharp focus.

Singapore digital banks GXS, MariBank lean on South-east Asia to fuel profitability

They state that loans will be a key driver for growth

Under the Bill, MAS and other Singapore authorities will “retain full discretion to enforce against any misconduct that occurs in Singapore”.

MAS to ‘harmonise’ securities laws to facilitate dual listings under new Bill

The proposed legislation will ‘position Singapore to capture future opportunities’: Chee Hong Tat

Affected staff who cannot be redeployed will be given transition support, including severance payments and career transition services.

Amazon cuts Singapore workforce as it phases out local fulfilment including Amazon Fresh

This comes amid ‘strong demand for products from international stores’ from consumers in the Republic

Koay Hui Sien, head of iShares fixed-income product strategy, Apac ex-Japan at BlackRock, says investors that hold cash risk losing to inflation.

Cash piles hit record highs, but fixed income offers higher yields: BlackRock

Bonds are not ‘too much risk’ while still yielding 6-8%, says the money manager

Grab’s 2026 revenue forecast of between US$4.04 billion and US$4.1 billion at a 20-25% growth rate remains unchanged.

Grab’s Q1 2026 earnings surge more than 4 times to US$136 million

Revenue for the quarter is higher at US$955 million, from US$773 million a year prior

Among data roles, data analysts had the lowest average salary rise at 0.5%.

AI skills pull in higher salaries for engineers, as demand shifts to senior roles: report

Pay for senior tech positions across disciplines on the rise, with those in software engineering climbing by 10.8% to 12.6% on average

Returning five years after his departure from Hmlet, Yoan Kamalski wants to do things differently.

‘No more WeWork-style growth’: Hmlet CEO Yoan Kamalski on his comeback and lessons learnt

‘Unfinished desires’ fuel his return and the pivot to sustainable growth under Mitsubishi Estate

The profile of the companies that have expressed interest is exactly the profile SGX had expected to see, says Tan Boon Gin, CEO of SGX RegCo.

SGX-Nasdaq dual-listing bridge to debut in mid-2026; resulting IPOs could tap EQDP funds

The changes to the Securities and Futures Act could pave the way for more tie ups between SGX and other exchanges

CEO Dwaipayan Sadhu says an expanded product range has enabled Trust Bank to attract a wide demographic of customers in Singapore.

Trust Bank swings to profit for the first time in March; Q1 still loss-making

Its CEO believes that the digital bank is on a sustainable path; in 2026, it will expand its current offerings and unveil new products

Market observers note that investors in PE funds here are now getting a more even mix between global and Asia-based investors.

Asia private equity piques investor interest as distributions top global averages, despite fundraising headwinds

The regional market is showing early signs of recovery and maturing, with a growing tilt towards buyout funds

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