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Singapore’s central bank has put forward proposals for new regulatory measures on cryptocurrency trading and stablecoins, in a bid to reduce the risk of consumer harm from the volatility of the industry. The measures published in two consultation papers on Wednesday include not allowing businesses to lend out cryptocurrencies owned …

Low-cost carrier Vietjet plans to open its first direct route between Vietnam and Bangladesh in December to boost economic and tourism development. Initially, there will be charted flights between Hanoi and Dhaka, capital of Bangladesh, with a plan to start regular flights in phases based on passenger demand, The Business …

Asian shares rose on Wednesday on hopes that the pace of global interest rate hikes will soon start to slow, even as disappointing results from tech giants Alphabet and Microsoft stoked fears of a looming recession. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.89% higher, led by a …