Singapore share prices ended 1.3% lower on Wednesday. The blue-chip Straits Times Index (STI) lost 39.36 points to end at 3015.42. Here are some factors and company news that could affect the market this Thursday morning:
Singapore Airlines will be flying to Shanghai using the larger A380 for five flights per week, boosting its overall seat capacity by 12%. The A380 will be used from the start of the northern winter season, from October 27, 2013.
Singapore's economy forecast: The 19 private-sector economists and analysts who responded to the Monetary Authority of Singapore's survey in August expect Singapore's gross domestic product (GDP) to grow 2.9% in 2013 - up from the 2.3% median forecast in the June survey. The government's GDP growth forecast is at 2.5-3.5% this year.
Moody's Investors Service says the 13 Singapore Real Estate Investment Trusts (S-Reit) that it rates are insulated from rising interest rates over the next 12 months because more than half their outstanding debt is tied to fixed interest rates.
Property: A 22,800 square feet freehold site on Amber Road is on sale, with the owner expecting offers in excess of $63 million, marketing agent Jones Lang LaSalle said on Wednesday.
This blog publishes market news relating to the companies listed in Singapore Exchange, as well as business news in general. You can search and find all the past market and business news by searching within this Blog.
Thursday, September 5, 2013
Sept 5: SIA, Singapore's economy, S-REITs
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