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Singapore Wrap Friday
Singapore-based investors put in at least S$3.8 billion in overseas real estate markets despite a weaker global economy in Q3, according to data compiled by DTZ (SEA) Research.
Uncertainty brought about by anticipation over when the US Federal Reserve is going to raise interest rates is becoming too much of a cost for markets to bear, said Singapore's Deputy Prime Minister Tharman Shanmugaratnam on Friday, in his strongest case yet in exhorting the Fed to raise interest rates.
The supply of new Housing Board flats is likely to go up next year, to meet higher demand arising from recent policy changes.
Singapore's non-oil domestic exports bounced back from a sharp 8.4 per cent year-on-year fall in August to post a small 0.3 per cent rise last month.
The STI Today
The five trading days just past closely resembled the five that preceded them - the first common feature being that each day the Straits Times Index (STI) moved ahead of Wall Street, taking cues mainly from the Dow futures but also from China and Hong Kong.