Singapore
Retail sales growth moderates to 11.2% YoY in September
Retail sales growth moderates to 11.2% YoY in September
In August, retail sales grew 13.3% YoY.
Rising cost of living is pushing more than half of Singaporeans to look for a 2nd job
Some are also seeking opportunities to work overtime or extra shifts.
Chart of the Day: Singapore secures highest FinTech funding in ASEAN
Total FinTech funding in Singapore YTD reached $1.8b.
Bukit Timah Link, Hillview Rise sites attracted developers amidst high interest rates
An analyst said these sites have lower risks and costs involved.
Daily Markets Briefing: STI up 0.89%; CapitaLandInvest is top stock
CapitaLandInvest was top gainer with 5.59%.
OCBC net profit up 31% YoY to S$1.6b in Q3 2022
The company’s net interest income grew by 44% YoY.
SGX seeks opinion on proposed CDP margining framework and clearing fund changes
Amongst the changes proposed include the introduction of margin offsets.
Maybank names new Maybank IBG CEO
Michael Oh-Lau Chong Jin’s appointment will be effective on 1 December 2022.
OUE C-REIT posts 4.4% YoY higher income of $48.3m in Q3
The increase was mainly due to lower property expenses.
CLI sees improvement across its 3 growth drivers in Q3
The company was able to unlock capital with gross divestments of S$2.4b.
MAS launches Ubin+ to study cross-border FX settlement using CBDCs
It will study business models and create policy guidelines.
Sembmarine unit bags maintenance contract for Hornsea 2 Offshore Wind Farm
The unit will undertake the servicing the wind farm’s low voltage and ancillary systems.
ARA US Hospitality Trust's net income falls to US$11.9m in Q3
Year-to-date, however, the trust's income increased.
4 factors intensifying the talent gap in the FinTech sector
A report revealed that demand for talent in the FinTech sector is still outpacing supply.
Larger HDB flats take a hit from September cooling measures
Prices for executive flats dipped 1% MoM, the first time since July 2021.
Daily Markets Briefing: STI declines 1.47%; Yangzijiang Shipbuilding is top stock
Yangzijiang Shipbuilding was the top active stock with a 2.42% increase.
HDB resale prices up 0.5% MoM in October
A total of 1,965 HDB resales were transacted last month.
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