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Singapore exports may fall further; weigh on GDP: analysts
AFTER a larger-than-expected fall in October, Singapore’s non-oil domestic exports (NODX) are likely to continue to decline at least into year-end amid weakening external demand, said analysts. As falling exports dampen gross domestic product (GDP) growth, some economists have also lowered their forecasts for the third quarter and into next year.
Former Hyflux CEO, CFO, independent directors charged
FORMER Hyflux chief executive Olivia Lum was charged in court on Thursday (Nov 17) with disclosure-related offences under the Securities and Futures Act (SFA), along with former chief financial officer Cho Wee Peng and four independent directors.
FTX collapse reinforces need for regulation against crypto speculation: Lawrence Wong
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THE collapse of cryptocurrency exchange FTX has only reinforced Singapore’s strong stance against crypto speculation and trading, even as it continues to see great potential in digital asset innovation, said Deputy Prime Minister and Finance Minister Lawrence Wong on Thursday (Nov 17).
No direct exposure to cryptocurrencies, says Temasek
STATE investor Temasek said that the due diligence process for the FTX investment took into account its audited financial statement and feedback on FTX’s management.
Malaysia’s exports up 15% in October, less than economists’ forecasts
MALAYSIA’s exports rose 15 per cent year on year to RM131.6 billion (S$39.7 billion) in October, driven by higher exports of refined petroleum, electrical and electronic (E&E) products and mining products.
Sea seeking replacement tenant for its 200,000 sq ft of space in Buona Vista
THE market is abuzz with talk that Sea Ltd, the parent company of e-commerce player Shopee, is giving up some 200,000 square feet (sq ft) of office space at CapitaLand’s newly-opened Rochester Commons development in the one-north area near the Buona Vista MRT station.
The STI today
Singapore stocks buck regional rout; STI rises 0.6%
SINGAPORE stocks rose despite other regional markets falling into the red on Thursday (Nov 17), with the Straits Times Index (STI) climbing 0.6 per cent or 19.87 points to 3,286.04.
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