SINGAPORE - Catch up on the morning's top business headlines in Singapore with The Straits Times Money Desk's daily update.
1. Singapore's GDP growth improves but concerns ahead. The Ministry of Trade and Industry said in its advance estimates that Singapore's gross domestic product (GDP) expanded 1.2 per cent in the third quarter from the previous three months, after contracting 0.1 per cent in the second quarter. Economists said the figures show that property cooling measures and foreign manpower curbs have started to bite.
2. Singapore to see gradual rise in infation. Core inflation will pick up gradually into early 2015 before easing in the second half, the Monetary Authority of Singapore said in its latest monetary policy statement.
3. Rents of private condos dip in September but resale numbers rise. Rentals for condos continued its downward slide for the eighth straight month amid a glut of new completed homes last month, although transactions in the resale market picked up, according to data from SRX Property.