Singapore Wrap Wednesday
Today's notable stories
MAS keeps S$ on appreciating path, but at slightly reduced pace
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".
Singapore economy grew 1.4% from a year ago in Q3
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.
Private condo rents dip 0.3% in Sept; HDB rents flat: SRX
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 CEO says he should have pushed transparency harder
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.
MAS takes civil penalty action against Vincent Rajiv Louis for insider trading
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's placement tranche of retail bonds oversubscribed
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
Singapore shares close unchanged
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.
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International
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US dollar briefly falls versus yen after GDP data
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US economic growth slows more than expected in Q1
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