Daily Debrief: What Happened Today

Good response for HDB's bumper crop of new flats; application rates stabilising: Wong

Application rate for two-room flats with flexible leaseholds is at a healthy 2.5 times. Flats in Bidadari received some of the highest application rates, despite their higher prices.

China Fishery bonds drop 34% after HSBC asks court to wind it up

The company's 2019 bonds were bid at 33 cents on the dollar, according to prices from SC Lowy Financial (HK) Ltd.

New digital platform to boost Singapore's tech entrepreneurship ecosystem

TechSG, developed by NUS Enterprise and rapid prototyping startup Wonderlabs, was unveiled on Thursday by Low Yen Ling, Parliamentary Secretary for the Ministry of Trade & Industry.

Singapore factory output declines 5.4% in October

Singapore's manufacturing output declined 5.4 per cent year-on-year in October, dragged down by a 14 per cent drop in electronics production.

OCBC Bank appoints new corporate finance head

David Cheng, 44, is responsible for growing the bank's corporate finance business, supporting its clients with both onshore and cross-border equity financing solutions as well as for mergers and acquisitions across the region.

Even Hong Kong property bears are bullish on real estate stocks

These days, Jonas Kan divides his time between forecasting how far Hong Kong property prices will fall, and how much real estate stocks will rise.

The STI Today

Singapore shares close weaker in low volume, dragged down by banks

The Straits Times Index on Thursday drifted to a 6.89 points loss at 2,884.69 in low volume of 977 million units worth S$1 billion. Excluding warrants there were 163 rises versus 222 falls and the 30 STI components contributed S$738 million or 74 per cent of total dollar turnover.