TODAY reports: Local firms have put in place strategies to manage currency fluctuations, such as foreign exchange hedging and diversifying their exposures to different markets, to mitigate the impact of a weaker Singapore dollar.
Wealth managers are looking to attract young professionals earning more than S$6,000 a month, hoping that as their careers develop, they will eventually upgrade to more premium banking services.
Some companies are moving to ensure that their supplies are environmentally sustainable, as authorities are encouraging such practices.
The second tranche of the Singapore Savings Bond will offer an average interest rate of 2.78 per cent per annum, higher than the 2.63 per cent interest for the first issue.
The Purchasing Managers' Index for September is 48.6, down from 49.3 in August.
The Monetary Authority of Singapore's move to impose these requirements is aimed at reducing risks that might arise if a trading firm gets into trouble.
Examples cited by ACRA include recognition of revenue and profits when work had not been fully completed, and cases where directors did not sufficiently query decisions such as the move to defer billings to customers.
While GIC did not disclose the value of its investment, its partner, US-based Macerich Company, says it would be contributing eight assets valued at US$5.4 billion to joint ventures with GIC and Heitman LLC.
The drop in the Resale Price Index released by the Housing and Development Board (HDB) is the ninth consecutive quarter of decline, according to flash estimates.
Urban Redevelopment Authority flash estimates released on Oct 1 show an eighth straight quarter of price declines, with prices in all regions of Singapore falling.