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Daily Debrief: What Happened Today

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The rise in the index for Q3 2017 comes after 15 consecutive quarterly declines since the peak in Q3 2013.

Singapore Property Figures


Singapore economy on path to recovery, steady growth in 2018: MAS

Singapore's economic recovery is gathering pace, with growth rates accelerating over two straight quarters thanks largely to a sustained increase in global electronics demand, the Monetary Authority of Singapore (MAS) said.


Job market may have reached turning point, but recovery will be gradual: MAS

sentifi.com

Market voices on:

Singapore's labour market - which has been mired in the doldrums - is showing signs of turning the corner amid a rosier economic outlook, the Monetary Authority of Singapore (MAS) said.


Broker's Take: DBS sees no Amazon Prime pain on Sheng Siong

DBS Group Research remains positive on Sheng Siong Group, pointing to the supermarket chain's latest pre-tax margin that hit a record high of 9 per cent on strong gross margins, and modest increase in operating expenses relative to revenue growth.


Know Your Customer compliance costs continue to grow at financial firms: surveys

Know Your Customer (KYC) requirements continue to burden financial firms with higher compliance costs and ballooning headcounts around the world, surveys by Thomson Reuters have found.


Citi Private Banking appoints Steven Lo as successor to retiring Asia head

Citi Private Bank has appointed Steven Lo as its new Asia head, succeeding Bassam Salem when he retires in February next year.


GLP's independent adviser finds privatisation bid 'fair and reasonable'

The independent financial adviser for Global Logistic Properties' (GLP) independent directors has deemed a proposed privatisation to be fair and reasonable, according to scheme documents despatched on Friday.


Triyards receives two demand letters for US$9.1 million

Triyards Holdings, which flagged concerns over its going-concern status in September, said that it has received demand letters from two of its lenders for a total amount of US$9.1 million.


Corporate Earnings


The STI Today

Singapore shares close 0.9% higher, led by rally in US stocks

Share prices on the local bourse capped the week's trading in positive territory with the key Straits Times Index climbing 30.19 points to finish at 3,386.44 on Friday.