Daily Debrief: What Happened Today (Oct 9)

Stories you might have missed

SGX to sharpen focus on ecosystem initiatives to sustain equity market growth

[SINGAPORE] To maintain the momentum of the recent uplift in local equities, the Singapore Exchange (SGX) will focus on expanding its product offerings and advancing ecosystem-wide initiatives. This, said chief executive officer Loh Boon Chye, will help “turn this buoyancy into long-term growth”.

Malaysia’s data centre boom looks poised to continue despite power, labour concerns

[SINGAPORE] Data centre operators in Malaysia are brushing aside concerns over power and labour constraints, remaining confident that the sector will continue to boom.

Singapore 6-month T-bill cut-off yield stays flat at 1.44% after turnaround at previous auction

[SINGAPORE] The cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) stood at 1.44 per cent, according to on auction results released by the Monetary Authority of Singapore on Thursday (Oct 9).

UOL-led consortium places top bid of S$524.3 million for Dorset Road private-housing site

[SINGAPORE] A consortium comprising UOL Group, Singapore Land Group and Kheng Leong Company has placed the top bid of S$524.3 million, or S$1,338 per square foot per plot ratio (psf ppr) for a 99-year leasehold private-housing site in Dorset Road near the Farrer Park MRT station.

Top Glove swings into the black with RM38.6 million Q4 net profit; returns to full-year profitability

[SINGAPORE] Malaysian glove-maker Top Glove on Thursday (Oct 9) posted a net profit of RM38.6 million (S$11.8 million) for its fourth quarter ended August, a turnaround from its net loss of RM6.6 million in the year-ago period.

‘The worst has passed’ for US office S-Reits, but investors should not jump in just yet

[SINGAPORE] Office S-Reits, or Singapore-listed real estate investment trusts, were among the hardest-hit sub-sectors during the Covid-19 pandemic. Remote work left many offices empty, and even after the pandemic, recovery has been slow as hybrid work models took root.

Singapore stocks buck regional trend; STI down 0.4%

[SINGAPORE] Local shares ended Thursday (Oct 9) lower, even as markets across the region mostly ended higher.