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Singapore Wrap Wednesday

Today's notable stories

Singapore's central bank eased monetary policy a little on Wednesday, by "slightly" reducing the Singapore dollar policy band's slope.

MAS keeps S$ on appreciating path, but at slightly reduced pace

Singapore's central bank is continuing with its policy of a "modest and gradual" appreciation of the S$NEER (Singapore dollar nominal effective exchange rate) band, although the rate of appreciation will be "reduced slightly".

Singapore economy grew 1.4% from a year ago in Q3

Singapore's economy performed slightly better than market's expectations in the third quarter, with the gross domestic product growing by 1.4 per cent from a year ago, according to preliminary estimates released by the Ministry of Trade and Industry on Wednesday.

Market voices on:

Private condo rents dip 0.3% in Sept; HDB rents flat: SRX

Weak leasing conditions for private condominiums continue to weigh on rents in September but this failed to lift rental volumes from the preceding month.

Noble Group CEO says he should have pushed transparency harder

Noble Group Ltd, which faced criticism of its accounting, should have been "more forceful" in pushing the company to be more transparent to fend off the attacks, Chief Executive Officer Yusuf Alireza said.

MAS takes civil penalty action against Vincent Rajiv Louis for insider trading

The Monetary Authority of Singapore (MAS) has taken civil penalty action against Vincent Rajiv Louis for insider trading in the shares of PT Bank Danamon (Danamon) under the Securities and Futures Act.

Perennial Real Estate's placement tranche of retail bonds oversubscribed

Perennial Real Estate Holdings' placement tranche of up to S$100 million for three-year retail bonds which carry a fixed interest of 4.65 per cent per annum has been oversubscribed.

The STI Today

Singapore shares close unchanged

The local market ended Wednesday on a subdued note, with the Straits Times Index slipping a marginal 0.96 points to 2,983.92 in line with a Wall Street slide.