Singapore Wrap Wednesday
Today's notable stories
GE2015
Certificate of entitlement (COE) prices for passenger cars were flat in Wednesday's bidding exercise - the first for September - as buyers stayed away due partly to the Hungry Ghost month but mostly on expectations of much lower premiums.
Condo, apartment rents down 0.4% in August: SRX
Private condominium and apartment rents in Singapore dipped 0.4 per cent in August, after falling 0.3 per cent in July, according to data released by SRX Property on Wednesday.
Singapore's SME outlook hits three-year low: survey
The outlook for small and medium-sized enterprises in Singapore has fallen to a three-year low with weaker sales and profit forecasts over the next six months across all industries, according to a latest survey.
CapitaGreen hits 83 per cent occupancy
CapitaGreen, a 40-storey Grade A office tower developed on the former Market Street Carpark site, has reached a committed occupancy of 83 per cent.
The STI Today
Singapore shares close higher after rallies in Japan, China and Dow futures
A 7.7 per cent jump in Japan's Nikkei Average after announcement of a cut in corporate tax, a 4 per cent rise in Hong Kong's Hang Seng Index and a 180-point jump in Dow futures on Wednesday helped the Straits Times Index (STI) extend its rebound into a second consecutive day, this time adding 42.86 points or 1.5 per cent to finish at 2,928.18.
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International
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’
Biden signs Ukraine aid, TikTok ban Bills after Republican battle