Singapore economy

Singapore’s non-oil exports decline by 1.1% in Sept from a year ago

SINGAPORE (Oct 17): Non-oil domestic exports (NODX) in September declined by 1.1%, after the 16.7% growth in the preceding month, says IE Singapore.

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Star power

(Sept 23): Ermenegildo Zegna’s second ‘Defining Moments’ campaign teams Benjamin Millepied with Robert De Niro

Property

Chip Eng Seng acquires Changi Garden in en bloc sale for $248.8 mil

SINGAPORE (Oct 17): CEL Real Estate Development, the wholly-owned subsidiary of construction and property group Chip Eng Seng Corporation, has won the tender to acquire Changi Garden en bloc for a purchase price of $248.8 million at a $888 psf per plot ratio.

North-South Line tunnel flooding was preventable, says Khaw

SINGAPORE (Oct 16): Poor maintenance of the stormwater sump pits led to the major North-South Line (NSL) tunnel flooding incident two weekends ago, said Transport Minister Khaw Boon Wan in a public briefing on the matter.

SingNet slapped with $500,000 fine for Dec 3 broadband service disruption

SINGAPORE (Oct 16): The Infocomm Media Development Authority (IMDA) today announced that it has imposed a $500,000 financial penalty on SingNet, a subsidiary internet service provider of SingTel, for a fibre broadband service disruption that occurred on Dec 3, 2016.

Results

M1 posts 4.9% decline in 3Q earnings to $32.7 mil

SINGAPORE (Oct 16): M1 reported a nearly 5% dip in 3Q17 ended Sept earnings to $32.7 million from $34.4 million in 3Q16 a year ago, mainly due to higher depreciation and interest expenses.

This brings 9M earnings to $101.5 million, down 13% from a year ago.

Buying into a gold revival
Under the classical gold standard, bank notes were backed by gold and could be freely converted to...
Singapore’s non-oil exports decline by 1.1% in Sept from a year ago
SINGAPORE (Oct 17): Non-oil domestic exports (NODX) in September declined by 1.1%, after the 16.7%...
Stocks to watch: M1, SingTel, Keppel DC REIT, Keppel Infra Trust, SIA, Hiap Seng, Trendlines
SINGAPORE (Oct 17): Here are some stocks that could move the market this Tuesday morning: M1...
Adding The Hour Glass as luxury watch sales recover
(Oct 16): The improvement in the luxury watch industry this year appears set to continue. From January to August, the total export value of Swiss watches rose 1.2% y-o-y to CHF12.6 billion ($17.6 billion), according to the Federation of the Swiss...
Adding developer Chip Eng Seng as residential market recovers
(Oct 9): Home prices rose 0.5% in the third quarter of this year, the first rebound in four years, according to flash data released by URA on Oct 2. The private residential property index rose 0.7 points from 2Q to hit 137.3 points. OCBC...
Maldives property could add to Keong Hong’s recurring income
(Oct 2) The Mercure Maldives Kooddoo Resort was launched to great fanfare on Sept 25, despite already being in business for a month. In attendance were Maldivian president Abdulla Yameen Abdul Gayoom, the Maldivian ministers for tourism and economic...
Alleged IP theft batters Sarine, but our holding stays for now
(Sept 25): Oscar Wilde once wrote that imitation is the sincerest form of flattery that mediocrity can pay to greatness. The theft of intellectual property, however, is the sort of flattery that can kill a potentially great company. Israel-based...

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Buying into a gold revival
Under the classical gold standard, bank notes were backed by gold and could be freely converted to...
Singapore’s non-oil exports decline by 1.1% in Sept from a year ago
SINGAPORE (Oct 17): Non-oil domestic exports (NODX) in September declined by 1.1%, after the 16.7%...
Stocks to watch: M1, SingTel, Keppel DC REIT, Keppel Infra Trust, SIA, Hiap Seng, Trendlines
SINGAPORE (Oct 17): Here are some stocks that could move the market this Tuesday morning: M1...

Portfolio

Adding The Hour Glass as luxury watch sales recover
(Oct 16): The improvement in the luxury watch industry this year appears set to continue. From January to August, the total export value of Swiss watches rose 1.2% y-o-y to CHF12.6 billion ($17.6 billion), according to the Federation of the Swiss...
Adding developer Chip Eng Seng as residential market recovers
(Oct 9): Home prices rose 0.5% in the third quarter of this year, the first rebound in four years, according to flash data released by URA on Oct 2. The private residential property index rose 0.7 points from 2Q to hit 137.3 points. OCBC...
Maldives property could add to Keong Hong’s recurring income
(Oct 2) The Mercure Maldives Kooddoo Resort was launched to great fanfare on Sept 25, despite already being in business for a month. In attendance were Maldivian president Abdulla Yameen Abdul Gayoom, the Maldivian ministers for tourism and economic...
Alleged IP theft batters Sarine, but our holding stays for now
(Sept 25): Oscar Wilde once wrote that imitation is the sincerest form of flattery that mediocrity can pay to greatness. The theft of intellectual property, however, is the sort of flattery that can kill a potentially great company. Israel-based...
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