Singapore
Stricter regulation for bonds and REITs eyed
SGX RegCo is creating a working group to improve disclosures related to retail bonds.
Singapore seeks to regulate ride-hailing operators
Licensing will be open for application on February 2020.
Travelodge Hotels Asia debuts in Singapore
It will undergo a refurbishment process over the next six months.
Accor partners with Global Premium Hotels to launch 15 hotels
These hotels were previously operating as Fragrance Hotel and Parc Sovereign Hotel.
CDL profits slide 26.4% to $162.4m in Q2
The divestment of Manulife Centre and 7 & 9 Tampines Grande supported its growth.
Cybersecurity venture props up struggling StarHub as losses narrow
However, the segment remains loss-making.
HDB resale prices down 0.2% in July
The new CPF rule has caused has dragged on the asking prices for older flats in mature estates.
Singtel Q1 profits crashed 35% to $541.1m
Higher network costs, depreciation and finance charges dragged on Airtel’s operations.
Fraser & Neave Q3 profits up 9% to $54.83m
Revenue from its dairies business grew 5.5% thanks to growth in its Thailand unit.
GIC divests stake in $1.67b Sydney office
GIC was looking to divest its 50% stake in the tower since September 2018.
Top three healthcare firms averaged total return at 31.2% in January-July 2019
These three firms’ average dividend yield came at 3.3% over the same period.
Banks face risk of rising credit costs as bad assets mount
Net new NPA formation for all three banks rose in Q2, higher than FY18 quarterly averages.
Daily Briefing: Fintech startup Helicap buys Arcor Capital; Cash over credit sought by white collars
And Singapore’s Hello Health Group acquires two Vietnamese online information platforms.
Chart of the Day: New CPF loan rules boost demand for older flats in May-June
The market share of flats older than 30 years rose 40.6% in the same period.
Daily Markets Briefing: STI up 0.45%
UOB led the gains amongst top active stocks with a 1.05% increase.
APAC real estate transactions hit record-high US$86b in H1: report
Property investment in Singapore doubled, with the office sector hauling in $6.37b in investments.
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