Singapore's banks, companies and households are resilient to potential vulnerabilities and shocks in the economy, but pockets of risks are emerging in the face of slowing growth and rising interest rates, the Monetary Authority of Singapore said on Friday (Nov 27).
JTC has awarded an industrial site in Tanjong Penjuru to Trans Eurokars for S$13 million, JTC said on Friday (Nov 27). It was the second time the 175,537 sq ft, 20 year leasehold site was offered for sale through the Industrial Government Land Sales programme.
SPH Reit will continue to be "mindful of competition" amid the challenging environment for the retail industry, chief executive Susan Leng told unitholders on Friday. She said that the reit, for one thing, is changing up the tenancy mix at Clementi Mall so that it will "be in a better position" for the longer term.
HSBC Holdings Plc will shut its private banking business in India, a spokesman said, marking the exit of another foreign bank from the cut-throat business in Asia's third-largest economy.
Domestic demand continued to drive U.K. economic growth in the three months through September, with consumer spending rising for a 17th straight quarter. Updating its gross domestic product data, the Office for National Statistics said Friday that household spending rose 0.8 per cent compared with the previous quarter.