Singapore
Four telcos too many for Singaporeans
About 58% felt that there are too many brands to choose from.
Majority of traders prefer online platforms over banks
Instead of financial institutions, online traders rely on family and friends for stock advice.
SGX daily average value fell 3% to $940m in September
Total equity index futures volume slipped 5% YoY to 14.2 million contracts.
CapitaLand prices $500m fixed rate perpetual notes at 3.65%
It will be issued on 17 October.
Equinix, GIC finish $1.3b joint development of data centres
Six new facilities will be located all over Europe.
SPH REIT NPI up 8.3% to $179.8m in FY2019
This was due to higher contribution from the REIT’s properties.
Condo rents dipped 0.4% in September
The CCR saw the fastest decline in rents at 1.1% MoM.
300,000 new homes needed in 10 years as household size shrinks: CBRE
The average household size declined to 3.2 persons in 2018 from 3.5 in 2009.
Daily Markets Briefing: STI down 0.01%
UOB led the gains amongst top active stocks with a 0.51% rise.
Chart of the Day: CBD Grade A rents grew 1.5% to $10.08 psf in Q3
Rents are tipped to rise 8% by year-end and 5% in 2020.
Daily Briefing: Temasek unit to acquire controlling stake in US cloud provider; WeWork to open two new locations in Singapore
And ST Hospitality Group launches a new line of co-living hotels in Chinatown.
Warehouse rents extend steep decline in Q2
The oversupply situation is weighing on rental growth.
Netlink cashes in on Singapore's 5G bid: analyst
Even without being a spectrum holder, Netlink can still enjoy growth in its fibre backhaul business.
Sembmarine unit sells Pacific Workboats stake to POSH for $937,660
The move is in line with the company's goal to renew its tugboat fleet.
Keppel DC REIT raised $242.8m from oversubscribed preferential offering
Proceeds will be used for Keppel DC Singapore 4 and 1-Net North Data Centre acquisitions.
Fraser & Neave to buy leasehold land from MSM Perlis for $32.2m
The company will explore upstream insourcing of milk.
Frasers Property Singapore's Christopher Tang to retire as CEO
He will assume the position of senior adviser.
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