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Daily Debrief: What Happened Today

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Housing Board resale prices dropped 0.7 per cent in September from August, and by 2.1 per cent compared to a year ago, according to flash figures released by SRX Property on Thursday.

HDB resale prices drop 0.7% in September from August; volume falls 3.9%: SRX

Housing Board resale prices dropped 0.7 per cent in September from August, and by 2.1 per cent compared to a year ago, according to flash figures released by SRX Property on Thursday. August's slight 0.1 per cent month-on-month gain in HDB resale prices was revised down to unchanged by the real estate portal.


Singapore companies are on a global acquisition spree, Bloomberg data show

Singapore Inc is stirring, with companies from real estate to engineering becoming bolder in their hunt for acquisitions abroad. Companies in the city-state announced around US$91 billion of overseas deals this year through September, more than double the US$41.9 billion of transactions for the same period of 2017, data compiled by Bloomberg show. Temasek Holdings and GIC still loom large, but increasingly others are inking their biggest-ever transactions to put Singapore on the world stage.

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CapitaLand secures S$300m sustainability-linked loan from DBS

Capitaland has secured a five-year, S$300 million sustainability-linked loan, said to be the first and largest in Asia's real estate sector, from DBS Bank. The multi-currency loan is linked to the developer's listing on the Dow Jones Sustainability World Index (DJSI World), which tracks established firms in areas such as environmental, social and governance (ESG) efforts. Unlike green loans, where the funds are used for certain types of projects, CapitaLand is able to use the loan for general corporate purposes.


Hot stock: Shares in StarHub up 4.8% as telco cuts 300 jobs

Shares in StarHub rose in early trading to as high as S$1.96 - up 4.8 per cent - on Thursday morning after the telco confirmed that it was cutting over 10 per cent of its staff amid industry woes. At 9.40am, the counter was trading at S$1.92, up five cents or 2.7 per cent from Wednesday's close, with some 4.15 million shares having changed hands.


Grab, Fave form strategic partnership to boost growth across Singapore and Malaysia

Grab and deals platform Fave - formerly Groupon Singapore - announced on Thursday that they have formed a strategic partnership to accelerate their growth across the Asean region. As part of the partnership, Fave will bring onboard merchants for GrabFood and GrabPay in Singapore and Malaysia, beginning this week.


Singapore looks to tighten controls in marine fuels supply chain

Singapore authorities are looking to apply stricter control measures across the marine fuels sector supply chain, a spokesman for the government agency Enterprise Singapore said on Thursday, to boost transparency and accountability in a notoriously opaque industry.


The STI Today

Singapore shares close down by 1.1% on Thursday; STI ends at 3,231.59

Singapore stocks tracked a regional decline on Thursday, with the Straits Times Index falling by 35.81 points, or 1.1 per cent, to 3,231.59.