Daily Debrief: What Happened Today
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Big car COE premium plunges 23%
Certificate of entitlement (COE) premiums slumped across the board on Wednesday, led by the big car category in the first bidding exercise for the new and larger February-April 2016 quota.
Further correction in Singapore property prices could come: JLL
Recent declines in the Singapore stock market could signal a further correction in property prices in the coming quarters, said investment management firm JLL on Wednesday.
Job vacancies declined year on year, but still exceeded number of jobseekers: MOM
Job vacancies fell year on year to 60,000 in September 2015 amid softer economic conditions and Singapore's continued efforts to restructure towards a more productive and manpower-lean economy.
Singapore private sector PMI at 52.5 in Jan, hits 11-month high
Singapore's private sector continued to see improving business conditions in January to report its most optimistic outlook in almost a year.
Frasers Centrepoint said to weigh IPO of Australand properties
Frasers Centrepoint Ltd is considering listing a real estate investment trust in Singapore backed by Australian office and industrial properties, people with knowledge of the matter said.
China's 1.4b mouths behind ChemChina's Syngenta pursuit
The logic behind what would be the biggest acquisition by a Chinese firm comes down to the growing gap between two numbers - population and available agricultural land.
Corporate Earnings
The STI Today
Singapore shares close 1.1% down on Wednesday
Singapore stocks ended 1.1 per cent lower on Wednesday, with the Straits Times Index (STI) shedding 28.49 points to 2,550.74.
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International
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah
South Korea’s economic growth beats forecast as exports rise
China 2024 growth outlook raised to 4.8%, deflation risk lingers
Luxury sector outlook clouded by China’s slow recovery
‘We aren’t going anywhere’: TikTok CEO expects to defeat US restrictions
TikTok artists and advertisers to stay with app until ‘door slams shut’