MARKET UPDATES :
- SINGAPORE shares ended higher on Wednesday with the Straits Times Index gaining 20.83 points to 3,334.56. Some 1.32 billion shares, valued at S$1.1 billion were traded. Gainers numbered 237 while losers numbered 170.
- China will increase the flexibility of a rule that requires banks to lend no more than 75 per cent of their deposits, the cabinet said on Wednesday after a weekly meeting. The government will also remove a requirement for Chinese companies to be profitable for a prolonged period of time before they list on stock markets,
- KEPPEL Infrastructure Trust (KIT) and CitySpring Infrastructure Trust are poised to create the largest Singapore infrastructure-focused business trust listed on the Singapore Exchange, following the combination of the two trusts, and the acquisition of a stake in Keppel Merlimau
- Foreign buyers used only 20 per cent of their 13 billion yuan (S$2.76 billion) daily quota of Shanghai stocks on Wednesday as demand for mainland shares cooled noticeably two days after a scheme connecting the Hong Kong and Shanghai markets debuted. Trading was sedate on Wednesday compared with Monday, when the full daily investment quota for Shanghai stocks was quickly taken up as international investors scrambled to get into mainland markets.
- TEN debt collection companies here have formed the industry’s first professional organization, the Credit Collection Association of Singapore (CCAS), a media statement said on Wednesday. Individuals can seek mediation and file complaints with CCAS over encounters with member companies. The association will also develop a code of conduct for its members.
- LEASING volumes continued to improve across Asia Pacific in the third quarter, driven by the technology sector, according to a JLL report released on Wednesday.
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