Bizview: Today's top business news

A plum site featuring the poshest type of housing in Singapore is up for sale with an indicative price of $49 million to $51 million. The good class bungalow (GCB) site at 2 Queen Astrid Park, off Holland Road, is being put to tender by Colliers International.

Shipments from Singapore suffered their sharpest fall in six months in August, underscoring fears over weaker global growth. Non-oil domestic exports (Nodx) from the Republic shrank 8.4 per cent in August from the same month in 2014, falling far short of economists' expectations of a 3.5 per cent decline.

The Singapore Exchange (SGX) has asked two mainboard-listed companies for an explanation over "unusual price movements" in their counters on Thursday. The bourse operator issued lifestyle Osim International a query just after noon, before putting out a notice for rail operator SMRT Corporation an hour later.

Malaysian stocks rose the most in more than two years and the ringgit gained after an overnight surge in Brent crude eased concern that finances will deteriorate for Asia's only major oil exporter.

A glut of crude oil may keep oil prices low for the next 15 years, according to Goldman Sachs Group Inc. There's less than a 50 per cent chance that prices will drop to US$20 a barrel, most likely when refineries shut in October or March for maintenance, Jeffrey Currie, head of commodities research at the bank, said in an interview in Lake Louise, Alberta.