You are here
Singapore Wrap Wednesday
Singapore's central bank is continuing with its policy of a "modest and gradual" appreciation of the S$NEER (Singapore dollar nominal effective exchange rate) band, although the rate of appreciation will be "reduced slightly".
- Quick takes: MAS disappoints calls for more aggressive S$ easing
- SGD up 1% following unexpected mild easing move by MAS
Singapore's economy performed slightly better than market's expectations in the third quarter, with the gross domestic product growing by 1.4 per cent from a year ago, according to preliminary estimates released by the Ministry of Trade and Industry on Wednesday.
- Singapore 2015 GDP growth forecast kept at 2-2.5%, risks 'tilted towards downside': MAS
- Quick takes: Singapore avoids technical recession in Q3; growth outlook still weak
Weak leasing conditions for private condominiums continue to weigh on rents in September but this failed to lift rental volumes from the preceding month.
Noble Group Ltd, which faced criticism of its accounting, should have been "more forceful" in pushing the company to be more transparent to fend off the attacks, Chief Executive Officer Yusuf Alireza said.
The Monetary Authority of Singapore (MAS) has taken civil penalty action against Vincent Rajiv Louis for insider trading in the shares of PT Bank Danamon (Danamon) under the Securities and Futures Act.
Perennial Real Estate Holdings' placement tranche of up to S$100 million for three-year retail bonds which carry a fixed interest of 4.65 per cent per annum has been oversubscribed.
The STI Today
The local market ended Wednesday on a subdued note, with the Straits Times Index slipping a marginal 0.96 points to 2,983.92 in line with a Wall Street slide.