News
SPH profits slump 6.2% as clients switch to online advertising
All hail Facebook and Twitter.
Daily Briefing: Singapore ranked best Asian country for expats; See the 4 best selling condo projects in September
And Sharapova and Bouchard in Singapore for BNP Paribas WTA Finals.
Chart of the Day: New home sales crashed to 47.6% in September 2014
Levels are a far cry from 2012’s peaks.
Daily Markets Briefing: STI up 0.1%
No good vibes for today.
Tourist arrivals and spending dropped 6% in Q2: STB
Tourist shopping was hardest hit.
Private home sales plunged 52% in the first three quarters of 2014
Only 648 homes were sold last month.
Singapore’s motor vehicle sales almost doubled in August
Retail sales increased 5.4%.
Ultra-rich buyers scouting for cheap luxury units as sellers’ fatigue sets in
Sellers are now more than willing to negotiate.
Singapore’s S&P 500 Index declined 5.3% in October
As the Straits Times Index maintained a total return of 3.5%.
FTSE ST Mid Cap Index down 2.4% in October
Find out the top 5 defensive performers.
Hotel Properties boosts ageing portfolio with $225.25m purchase of London freehold property
The purchase will be completed by the end of the year.
Olam’s revenue down 30.5% in its seasonally weakest quarter yet
At 10% of its full-year core net profit.
Poor coal prices drag Noble’s energy division down 10% in 3Q14
Amidst growth in the firm’s agri department.
SingPost to develop $182m eCommerce logistics hub in Tampines
It will be fully operational by 2016.
Wilmar to double profits to $446.7m as sugar-crushing season begins
Its soybean division will also experience a rebound.
Chart of the Day: Discover the three sources of Singapore’s slow economic growth
They are all keeping the economy at sub-1% GDP growth.
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Commentary
Singapore’s family offices: Time to professionalise or risk falling behind
Liquidity crucial to stock market reform