Daily Debrief: What Happened Today

Stories you might have missed

Singapore factory output growth rises to 0.9% in September

SINGAPORE’S factory output grew 0.9 per cent year on year in September, accelerating from the previous month’s revised 0.4 per cent rate, according to data from Singapore Economic Development Board (EDB) on Wednesday (Oct 26).

MAS launches crypto consumer protection playbook, seeks public feedback on proposals

THE Monetary Authority of Singapore (MAS) has released a consultation paper to get conversations started on reducing risks for retail customers dabbling in cryptocurrency.

Affordability, sustainability top concerns about introducing unemployment benefits: PME taskforce

A UNION-LED taskforce pushing for greater fairness and job security for white-collar workers said on Wednesday (Oct 26) it has made progress on most recommendations it released a year ago, with the exception of one that calls for the introduction of unemployment benefits.

SIA expected to resume dividend payment this fiscal year, analysts say

SINGAPORE Airlines (SIA) could be resuming dividend payment in this fiscal year to March 2023, analysts said, following the national carrier’s recent announcement of its upcoming redemption of the zero-coupon mandatory convertible bonds (MCBs) issued in 2020.

Global platform to unify carbon credit registry data to be domiciled in Singapore

SINGAPORE will be home to a World Bank-backed carbon credit data sharing platform created to facilitate Article 6 of the Paris Agreement, which clarified how international carbon markets involving governments should function.

Freehold boutique hotel in Little India up for sale at S$35m guide price

A FREEHOLD, three-storey boutique hotel in Jalan Besar/Little India has been put up for sale at a guide price of S$35 million, said marketing agent Savills Singapore on Wednesday (Oct 26).

Corporate Earnings

• ESR-Logos Reit reports S$69.9m in Q3 net property income post-merger
• Suntec Reit’s Q3 DPU slips 6.6% to S$0.02084 despite higher earnings
• FCT’s H2 DPU edges up to S$0.06091; manager warns cost of debt could hit above 3% in FY2023
• Aims Apac Reit posts DPU of S$0.047 in H1

The STI today

Singapore stocks end higher as Fed rate hike fears recede; STI up 0.8%

LOCAL shares ended Wednesday (Oct 26) on a more upbeat note, as traders took advantage of market hopes that the Federal Reserve could start adopting a less aggressive monetary tightening stance.