News
GIC to let go of $120m stake in Malaysia’s Sunway
It’s giving everything away.
Three-year high: Singapore’s October PMI surged to 51.9
The electronics sector is expanding too.
MOM rolls out stricter rules for large worker dormitories
Hefty fines await erring operators.
Chart of the Day: See the slump in Singapore’s factory and warehouse leasing in 3Q
Tenants prefer to renew.
Daily Briefing: 3500 applicants barred after cancelling HDB booking; Average price difference between resale and BTO flats surged
And shisha tobacco soon to be banned in Singapore.
Daily Markets Briefing: STI down 0.3%
Expect another pullback today.
SMEs scramble to pay debts on time as creditors roll out tighter lending checks
Q3 was one of the fastest payment cycles in the last five years.
GIC-led group in talks to buy IndCor from Blackstone for over $10b
It’s seeking $6.5b in debt to fund the acquisition.
Local banks' loan growth came to a standstill in Q3
Blame it on the slowing Chinese economy.
$807m chemical production complex officially launched in Jurong Island
It will produce 200 new jobs for skilled workers.
Scoot-Nok Air JV clinched green light from Thai regulators
Operating permits are next in line.
LTA unveils two new bus services for Bukit Batok and Kent Ridge
Two services will also be enhanced.
OUE HT at risk as tourists vanish and competition intensifies
But Q3 results marginally beat IPO forecasts.
COSCO battered by deteriorating margins and massive project cancellations in Q3
There’s no turnaround in sight for the shipbuilding firm.
STI’s volatility levels normalised to 8.2% in October
Below annualised 3-year volatility of 10.8%.
Singapore to pour in $20b for science and technology development
Plus $100m for 3D printing and advanced 2D.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform