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Singapore Wrap Monday
There has been further improvement in overall operating conditions faced by Singapore's private-sector companies, according to the Nikkei Singapore Purchasing Managers' Index (PMI).
Average monthly gross rents in the CBD (central business district) declined by 4.1 per cent quarter on quarter (q-o-q) to S$10.40 per square foot in Q3, the first decline from an uptrend since 2013, said DTZ Southeast Asia.
Singapore Exchange (SGX) has launched a new index business, SGX Index Edge, that will offer comprehensive services aimed at addressing the rising demand for index-linked investment in Asia.
Consumers' outstanding unsecured debt in Singapore continued to rise in the first of half of 2015, according to statistics from Credit Bureau Singapore.
Coca-Cola Singapore Beverages (CCSB) will wind down manufacturing operations at its bottling plant in Tuas, with full closure slated for February next year, but the firm has also committed to investing over US$100 million in Singapore over the next five years.
The STI today
Wall Street's unexpected bounce on Friday helped add some stability to Asian markets on Monday, enabling the Straits Times Index (STI) to jump 58.1 points or 2.1 per cent to 2,851.25.