Bizview: Today's top business news

Singapore consumer prices down 0.8% in October, but core inflation up 0.3%

The negative headline inflation which Singapore has experienced since November last year continued for the 12th straight month in October. However, core inflation, which is seen as a better gauge of everyday household expenses, continued to rise on education and food.

2 freehold good class bungalow plots of land in Nassim Road put up for sale by UK government

Two adjoining freehold good class bungalow (GCB) plots of land in Nassim Road have been put up for sale by the British government. The first plot of land has a site area of about 18,620 sq ft and the second plot of land is about 15,634 sq ft.

New Asean Economic Community could give Singapore GDP a 9.5% boost by 2030: HSBC

The creation of the Asean Economic Community (AEC) has potentially significant consequences for the Singapore economy, say experts. Asean leaders on Sunday established the AEC, one of whose aims is to promote freer movement of trade and capital in the region. The community will come into effect on Dec 31.

NOL shares surge on takeover talks

Shares of Neptune Orient Lines surged to their highest in almost seven months in Singapore trading after Southeast Asia's biggest container shipper confirmed it's in exclusive talks to be acquired by France's CMA CGM.

Risks to rise for Singapore Reits in 2016 with more M&A likely: Fitch

Risks for Singapore real estate investment trusts (Reits) will increase next year because weak economic fundamentals will weigh on demand while new supply is added into most sectors, Fitch Ratings said in a report released on Monday (Nov 23).

Iskandar developer Astaka Holdings debuts on Catalist at 24.5 Singapore cents

Astaka Holdings, the latest debutant on Singapore's Catalist board, opened for trading on Monday (Nov 23) at 24.5 Singapore cents. E2-Capital Holdings Ltd changed its name to Astaka Holdings after its acquisition of Astaka Padu.

Copper, nickel tumble to multi-year lows as metals slump deepens

Copper fell through US$4,500 for the first time since 2009, while nickel dropped to the lowest level since 2003 and zinc gave up gains made on Friday after Chinese smelters announced plans to cut production.

Which country creates 4,000 new businesses a day? China

With its economy slowing down, China is re-inventing itself as the next Start-up Nation. A new report by UHY International, an accounting and consultancy firm based in London, unveiled data showing China is in pole position when it comes to entrepreneurship, spawning 4,000 new businesses a day.