Singapore
Golden Wall Centre up for collective sale at $260m
It could be transformed into a mid-sized hotel development.
Golden Wall Centre up for collective sale at $260m
It could be transformed into a mid-sized hotel development.
CapitaLand Q3 profits jumped 13.6% to $362.22m
The increase was due to higher operating income and gains from asset recycling.
SGX to launch new securities settlement and depository system
It will cut its securities settlement cycle from three to two days.
HDB rents rose 0.3% in October
Rents for HDB three-rooms grew 1%.
ST Engineering profits up 5.3% to $134.59m in Q3
Earnings per share grew 5% to $0.432.
Private condo rents dipped 0.7% in October
Rental volumes fell 1.7% to 4,207 rented units.
MAS inks deal to promote inclusive financial services
It hopes to open dialogue on the benefits of fintech collaborations between Latin America and the Caribbean and ASEAN.
S-VACC: A milestone for fund management in Singapore
The upcoming introduction of the Singapore Variable Capital Company (S-VACC or VCC) is a significant event in Singapore’s asset management landscape. After a consultation process run by the Monetary Authority of Singapore (MAS), the VCC Bill was passed in Parliament on 1 October 2018. It is expected to come into effect in 2019 following the legislative process.
SIA Q2 profits dropped 80.9% to $56.4m in Q2
It blamed a 40% increase in jet fuel costs and share losses from Virgin Australia.
Daily Briefing: EDBI joins $55.14m funding round for US tech firm; MOH lays out benchmarks fees for surgical procedures in private hospitals
And Kent Ridge Hill Residences sell 46% of units in weekend launch.
Chart of the Day: See how TPG's entry could impact incumbents' mobile service revenue
Singtel could be an outlier as its EBITDA could expand through higher associate earnings and lower group digital life losses.
Daily Markets Briefing: STI down 0.47%
Wall Street's muted performance could keep the local sentiment cautious today.
UOL profits plummeted 85% to $92.81m in Q3
Revenue from property development crashed 43% to $164.96m due to the completion of some projects.
MAS to set up $6.90b fund for PE and infrastructure investments
It is geared towards PE and infrastructure fund managers that are deepening or establishing their Singapore presence.
HDB launches over 7,000 flats for sale
Prices range from $87,000 for a two-room Flexi SBF unit to $472,000 for a five-room BTO flat.
ComfortDelGro's earnings to turn up in Q4 onwards as rail riders increase: analyst
Its $138m corporate venture fund and 4.3% fare hike effective December may boost revenue.
Singapore-based US banks beef up cybersecurity roles
JP Morgan, Citi and BAML are more vulnerable to threats than homegrown lenders.
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