Singapore
FTSE Russell axes ComfortDelGro from STI
The transport company will be replaced by Emperador.
Sotheby breaks 15-year hiatus in SG with $24.5m sale
Tierfable (Animal fable) by Spies was the top-selling piece during the live auction, selling for $4m.
Earnings of prime retail malls will take longer to reach 2019 levels: Fitch
An example of these malls are those owned by Starhill Global Reit.
Economists raise full-year headline inflation forecast to 5.5% to 5.9%: survey
Their previous forecast was in the 4.5% to 4.9% range.
Chart of the day: Leasing volume of private residential units continues QoQ plunges
The contraction, however, was not due to slow demand but limited completions.
Market update: STI down 0.43%
City Developments Limited led the index.
CIMB Singapore raises deposit interest rate tenfold to up to 2% annually
StarSaver savings account holders can enjoy the new rate without any deposit caps.
Rents for high-end non-landed private residential units rise at fastest pace since 2014
In Q2, rents rose to $4.79 psf.
‘Nucleus of SG’s maritime supply chain’ Tuas Port opens
Its first three berths are now operational.
Weak share price for ST Engineering shows buying opportunity: report
ST Engineering is still resilient due to global aviation traffic.
MAS tacks $375k fine on UOB Kay Hian
The fine is for breaches in business conduct and anti-money laundering rules.
Two-thirds of businesses involved in corporate giving: Wong
This will build trust and unity in the society.
Crypto remains popular amongst Singaporeans post-crash: research
More than five in 10 have invested in crypto in the last two years.
Some F&B operators, retailers unfazed by rising rents: Savills
It sees retail rents in Prime Orchard up by 3% year-on-year.
Chart of the day: 2 in 5 adults uncomfortable not wearing masks in indoor spaces
They are the most uncomfortable not wearing a mask in private transport modes.
Market update: STI up 0.19%
Jardine Matheson led the index.
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