Market research firm BMI Research expects Singapore's central bank to ease monetary policy in April, via a downward recentring of the Singapore dollar nominal effective exchange rate band.
The Trans-Pacific Partnership, one of the world's biggest multinational trade deals, was signed by 12 member nations on Thursday in New Zealand, but the massive trade pact will still require years of tough negotiations before it becomes a reality.
Short-selling in Noble Group Ltd, which lost about two-thirds of its market value last year amid criticism of its accounting, rose to a record on Feb 1, Markit Group Ltd data show.
Maybank Singapore on Thursday said it has had ongoing consultations with the Monetary Authority of Singapore (MAS) on the incorporation of its operations in Singapore, and "reaffirm our commitment to this".
HDB resale prices fell 0.5 per cent in January 2016, compared to that of December 2015.
First Reit has entered into a joint venture with Lippo Malls Indonesia Retail Trust (LMIRT) to jointly buy an integrated development in Yogyakarta, Indonesia, from their sponsor PT Lippo Karawaci Tbk.
- Lower fuel costs boost bottom line for SIA in Q3
- GLP posts 64% increase to net profit in Q3
- CRCT's DPU up 4.4% in Q4
- Wing Tai Q2 net profit sinks 85% to S$1.08m
- KSH Q3 profit up 21.3% despite lower revenue
- Vicom net profit up 4.2%; revenue falls 1.3%
The STI Today
A drab session for the local stock market on Thursday ended with the Straits Times Index a net 7.75 points firmer at 2,558.49, the broad market chalking up 208 rises versus 148 falls excluding warrants and a weak turnover of 759 million units worth S$867.4 million.