SINGAPORE (THE BUSINESS TIMES) – Keppel Reit said its distributable income from operations for the first 9 months of 2021 rose 20.8 per cent year-on-year …
South Korea economic growth slows on supply snags, Covid-19 curbs
SEOUL (BLOOMBERG) – South Korea’s economic expansion cooled last quarter as global supply chain snags dragged down investment and a renewed virus outbreak weighed on household …
How billionaire Charles Munger got into properties
(BLOOMBERG) – Billionaire investor Charles Munger made a well-timed bet on suburban apartments in California – thanks to a neighbourhood teenager who showed up at …
Dow ends at record, capping strong week for US stocks
NEW YORK (AFP) – The Dow finished at a record Friday (Oct 22), capping a strong week for US stocks following mostly solid corporate earnings …
Ascendas Reit to acquire 11 logistics properties in Kansas City for $207.8 million
SINGAPORE (THE BUSINESS TIMES) – Ascendas real estate investment trust (Reit) has proposed the acquisition of 11 logistic properties located in Kansas City in the …
Supply chain woes hitting social media as firms cut back on holiday advertising, says Snap
SAN FRANCISCO (BLOOMBERG) – Snap warned on Thursday (Oct 21) that supply chain bottlenecks are prompting companies to hold back online advertising spending for the …
Hot pot chain Haidilao slows growth as Covid-19 curbs consumer appetite
BEIJING (REUTERS) – China’s biggest hot pot chain Haidilao is slowing its roll-out of new restaurants and increasing diversification of its fare, tempering its rapid …
Japan exports rise more than expected in September, hopeful sign amid supply chain crunch
TOKYO (REUTERS) – Japan’s exports grew faster than expected in September to post a seventh straight month of double-digit growth, an encouraging sign for the …
IMF cuts Asia’s growth forecast, warns of supply chain risks
TOKYO (REUTERS) – The International Monetary Fund (IMF) on Tuesday (Oct 19) slashed this year’s economic growth forecast for Asia and warned that a fresh …
Singapore firms worry most about rising costs; 40% see losses this year: SCCCI survey
SINGAPORE (THE BUSINESS TIMES) – Some 57.3 per cent of Singapore businesses surveyed saw their costs rise this year, nearly double the 28.8 per cent …
S&P and Nasdaq enjoy boost from big tech firms; Dow ends a hair lower
NEW YORK (REUTERS) – The S&P and Nasdaq closed higher on Monday (Oct 18) with the biggest boosts from the highest-profile technology and communications companies, …
Singapore non-oil export growth rises to 12.3% in September, higher than expected
SINGAPORE – Singapore’s non-oil domestic exports (Nodx) expanded at a faster pace last month from August, helped by growth in both electronics and non-electronics shipments. …
New Zealand inflation surges to fastest pace in 10 years
WELLINGTON (BLOOMBERG)- New Zealand inflation surged to the fastest pace in 10 years in the third quarter, reinforcing bets that the central bank will keep …
China Q3 GDP growth seen hitting one-year low, raising heat on policymakers
BEIJING (REUTERS)- China’s economy likely grew at the slowest pace in a year in the third quarter, hurt by power shortages, supply bottlenecks and sporadic …
China economy showing strain from property to energy crises
BEIJING (BLOOMBERG) – China’s economy is being hit from all sides – a property slump, energy crisis, weak consumer sentiment and soaring raw material costs …
MAS tightens Singdollar policy earlier than expected amid rising inflation
SINGAPORE – In a surprise move, Singapore’s central bank tightened its monetary policy on Thursday (Oct 14), saying it expects rising inflation and aims to …
S’pore’s economy grows at slower pace of 6.5% year-on-year in Q3: Flash data
SINGAPORE – Singapore’s economy expanded at a slower annual pace in the third quarter compared with the previous three-month period when growth was boosted by a …
MAS expected to hold on monetary policy but signal potential tightening next April: Poll
SINGAPORE (BLOOMBERG) – Singapore’s central bank is expected to signal a potential tightening of monetary policy next year, while holding steady for now, amid rising …
Wall Street closes lower on jitters ahead of earnings, Fed minutes
NEW YORK (REUTERS) – United States stocks finished lower on Tuesday (Oct 12), extending losses late as investors grew more jittery in the run up …
Global PC sales stunted by supply and logistics snarls
TOKYO (BLOOMBERG) – Computer sales grew at the slowest rate since the start of the pandemic due to component shortages and logistics snarls, according to …