Singapore
Over 1 in 5 manufacturers bearish about business in H2
Over 1 in 5 manufacturers bearish about business in H2
Low demand for semiconductors, slow global economy and trade tensions hit the sector.
Household incomes up 2.4% to $11,780 in 2017-2018
An average of $4,910 a month is spent on goods and services.
Singapore benchmarks get go-ahead from European Union
Companies in the EU can continue trading derivative products linked to Singapore's benchmark rates.
Daily Markets Briefing: STI down 1.49%
DBS is the top active stock as it fell 0.30%.
Daily Briefing: Luxury home sales surge amidst inherited asset boom; Wealthtech startup Bambu raises $10m in Series B funding
And Finnish biofuel producer Neste will expand Singapore refinery for $2.44b.
Chart of the Day: Budget deficit to hit 0.4% of FY19/20 GDP
Revenue may also surpass initial projections and grow to $78.92b.
OCBC enables cash withdrawals via QR code
Cash withdrawal at ATMs can be completed in under 45 seconds.
Frasers Hospitality NPI slipped 11% in Q3
This was attributed to the weak performance of its Australian portfolio.
Fira Barcelona looks at the future of retail at first-ever RBEWC
The inaugural event was graced by more than 200 speakers from over 100 companies.
How banks in Asia-Pacific can survive in an age of declining profitability
Cutting down branches is one way of keeping costs down.
Temasek sells joint-owned office asset for $1.6b
Allianz will own 60% of the assets whilst Gaw Capital will hold the remaining 40%.
Daily Briefing: Min Yuan building for sale at $145m; Singapore's second unicorn Trax acquires European competitor Planorama
And a row of apartments at Phoenix Road sold for $42.6m.
Daily Markets Briefing: STI up 0.12%
CityDev led the gains with a 2.28% advance.
Chart of the Day: Virtual banks can't rely on the branchless advantage for long
Facilities costs as a proportion of incumbent lenders' assets is only 7bps compared to 103bps.
Far East Hospitality NPI slips 2.4% in Q2
However, NPI rose by 3% YoY in the first quarter of the year.
Mapletree North Asia Commercial Trust NPI up 10.7% to $85m in Q1
Higher rental incomes from Festival Walk, Gateway Plaza and Sandhill Plaza boosted revenue.
Sheng Siong profits up 6.6% to $37.8m in H1
The supermarket opened 13 new stores in Q2, boosting revenue.
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