News
Banks warned vs risks of North Asia exposure, NPLs: Maybank
Banks warned vs risks of North Asia exposure, NPLs: Maybank
North Asia non performing loans went up 8% to 191% quarter-on-quarter.
Chart of the day: S’pore ranks sixth highest in household debt to GDP in Asia
The highest was South Korea.
Market update: STI down 1.16%; Emperador Inc is top stock
Philippines' Emperador is leading at the index.
MAS names Gillian Tan as new chief sustainability officer
Tan will lead the sustainability group for tighter coordination of MAS’ sustainability initiatives
Property investment sales decline 33.4% QoQ in Q3
Higher interest rates and global political uncertainties affected investment sales.
Investor movement index decline due to ‘volatile’ market in September
Online broker said the index for Singapore clients went down 4.14%.
Meyer Park relaunched for sale with a reserve price of $420m
The tender for the property will close on 2 November.
Commercial investment sales down 64.6% QoQ to $718.4m in Q3
This is due to the lack of major transactions during the period.
SGX reports all-time-high for derivatives volume, FX in September
Securities market turnover value increased by 6% MoM.
Singapore Airlines adopts analytics tool for fuel optimization
Doing so can derive fuel savings of up to 5% during climb-out on each flight.
ComfortDelGro Singapore rail ridership back at 88% pre-COVID-19 levels
The firm managed to raise the commission rate for app bookings to 5%.
Keppel O&M accelerates delivery of three jackup rigs to Borr Drilling
All three rigs will be delivered with full payments.
Rental growth for prime logistical properties expected to moderate in 2023
Occupiers are more cautious in expanding due to ongoing global conflict.
Auctioned properties sold reached $48.92m in first 9 months of 2022
The number of properties sold increased by 19.23% compared to last year.
Shophouse transaction volume drops 49.3% QoQ in Q3
Despite lower volume, transaction value rose 31.6% QoQ to $330.1m.
Are S-Reits with exposure to Europe safe from Euro depreciation?
UOBKayHian advises to maintain buy for six Reits whilst hold for one Reit.
Chart of the day: 99.9% of ECs sold made a gross profit averaging around $300k
Most ECs sold for a profit of $100k to less than $400k.
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