Daily Debrief: What Happened Today (Oct 1)
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Ringgit’s surge pressures Singapore shoppers and Malaysians working across borders
THE Malaysian ringgit’s surge against the Singapore dollar – driven by the actions of the country’s central bank, economic prospects and a weakening greenback – could reshape the cross-border shopping habits of those looking to stretch their dollar.
US port strikes to boost global shipping rates despite earlier front-loading of peak season demand
THE year-end peak shipping season has been quieter than usual, as companies brought forward shipments amid global uncertainty. Port strikes on the US East Coast, however, may now drive prices back up.
Singapore’s private home prices slip 1.1% in Q3; first drop since Q2 2023
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PRICES of private homes in Singapore fell for the first time in five quarters since the second quarter of 2023, slipping 1.1 per cent in Q3.
CapitaLand Ascott Trust to buy lyf Funan Singapore at S$263 million agreed value
CAPITALAND Ascott Trust has proposed to acquire Victory SR Trust (VSRT), which directly holds a 100 per cent interest in lyf Funan Singapore.
Indonesia’s September annual inflation at 1.84%, lower than expected
INDONESIA’S inflation has steadily declined in recent months, raising concerns about weakening consumer spending in South-east Asia’s largest economy.
CDL launches Woodlands condo Norwood Grand with prices starting from S$988,000
CITY Developments Limited (CDL) will start previews for its Woodlands project, Norwood Grand, on Friday (Oct 4) with prices starting from S$988,000 and just under S$2,000 per square foot (psf).
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