Bizview: Today's top business news

Asian markets shake off slump on back of China PMI, STI closes 11 points up

Asian markets extended their gains on Thursday (Oct 1), taking their cue from the rallies in global shares overnight while shaking off new manufacturing data from China.

Lorong Lew Lian condo site launched for sale: URA

A condominium site at Lorong Lew Lian along Upper Serangoon Road has been launched for sale by public tender, the Urban Redevelopment Authority (URA) said on Thursday.

Financial reporting by Singapore companies generally healthy: Acra

The state of finanical reporting by Singapore-incorporated listed companies is generally healthy, the Accounting and Corporate Regulatory Authority (Acra) found in its first-ever such study.

Analysts say 1.3% fall in private home prices in Q3 within expectations, moderate decline to continue

The 1.3 per cent estimated price decline for private property prices in the third quarter was largely within expectations, experts said. "Overall pricing seems to be inching downwards. Many higher-end sales are still taking place at losses, especially for those who bought after 2005," said Mr Lee Liat Yeang, a Rodyk & Davidson real estate partner.

GIC to take 40% stake in 5 US shopping malls

Singapore's sovereign wealth fund GIC has entered into a joint venture with Macerich Company to take a 40-per-cent interest in five shopping malls in the United States.

HDB resale price decline eases to 0.3% in Q3: Flash estimates

Prices of resale Housing Board flats declined at a slower rate in the third quarter, in line with expectations that they are stabilising. They dipped an estimated 0.3 per cent in the third quarter, compared with a 0.4 per cent decline in the second quarter, according to HDB flash estimates out on Thursday.

Singapore private home prices weaken faster, shedding 1.3% in Q3: URA flash index

Private property prices are estimated to have weakened faster in the third quarter of this year, with steeper declines across all market segments.

China's manufacturing gauge stabilises near 3-year low as stimulus measures gain traction

China's official factory gauge stabilised around a three-year low as government stimulus measures showed signs of helping to steady a slump in manufacturing. The official purchasing managers index climbed to 49.8 in September, the National Bureau of Statistics said Thursday.

Toshiba may lay off appliances, TV and PC workers: CEO

Toshiba Corp may lay off staff in its underperforming home appliances, TV and PC businesses and seek a partner for its nuclear operations to overhaul the company after a US$1.3 billion (S$1.85 billion) accounting scandal, its chief executive said on Thursday.

Japan big manufacturers' mood worsens but bullish capital plans remain: BOJ

Japanese big manufacturers' confidence worsened in the three months to September and companies were cautious on the outlook, a central bank survey showed, as they felt the pinch from volatile financial markets and slumping shipments to China.