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Daily Debrief: What Happened Today
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The US-China trade war has had a limited impact on the Singapore economy so far, but the negative spillovers could become more pronounced in the latter half of 2018 and next year, the Monetary Authority of Singapore (MAS) said in its half-yearly macroeconomic review on Friday.
SINGAPORE'S manufacturing output took a surprise fall in September, shrinking 0.2 per cent year on year in the first contraction since December 2017, based on preliminary estimates from the Economic Development Board on Friday.
THERE were 2,500 retrenchments over the past three months, fewer than the 3,030 in the three months before that, preliminary figures show.
THE 0.5 per cent figure - which was in line with earlier flash estimates - comes after an increase of 3.4 per cent in the previous quarter, according to the latest report from the Urban Redevelopment Authority (URA).
Year on year, the rental index is up 9.6 per cent. The latest reading marks the fifth consecutive quarter-on-quarter rise in the index since it bottomed in the second quarter of last year; the index is up 12.2 per cent from that trough.
AS at the end of Q3, there was a total supply of 501,000 square metres (sq m) gross floor area (GFA) of retail space from projects in the pipeline, compared with the 498,000 sq m in the previous quarter.
- CapitaLand Commercial Trust DPU up 8.9% to 2.2 S cents for Q3
- Frasers Hospitality Trust posts 4.8% drop in Q4 DPS to 1.2154 S cents
- UOB net profit up 17% in Q3 on loan growth, lower allowances
- Cache Logistics Trust Q3 DPU down 4.3% to 1.475 S cents
- First Sponsor Q3 earnings up 16% at S$25.57m
- ESR-Reit DPU up 4.1% in Q3
The STI today
SINGAPORE stocks suffered another day of losses on Friday, with the Straits Times Index down 1.4 per cent or 40.82 points to 2,972.02.