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Author: traderhub8   |   Latest post: Fri, 30 Oct 2020, 8:18 AM

 

Phillip Capital Morning Note - 9 Oct 2019

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The US Commerce Department said on Monday it was putting 28 Chinese public security bureaus and companies – including video surveillance company Hikvision – on a US trade blacklist over Beijing’s treatment of Uighur Muslims and other predominantly Muslim ethnic minorities.

M+S, the national joint venture between Malaysia and Singapore, will sell the hotel component of the Duo mixed-use project for S$475 million to Singapore developer Hoi Hup Realty.

AMAZON.COM has launched a bigger local store and marketplace in Singapore, expanding its product selection and intensifying competition with rivals such as Alibaba Group Holding's Lazada and Sea's Shopee.

Hong Kong's bourse on Tuesday dropped its unsolicited US$39 billion bid for London Stock Exchange Group (LSE), conceding it hadn't won over LSE management for a move that could have transformed both global financial services businesses.

Bus and train fares will rise by 7 per cent from Dec 28, although the hike will be cushioned for more than one in two Singaporeans, who enjoy concessionary fares. The hike is the maximum allowed in this year's formula, and the biggest percentage jump since 1998 - driven largely by a spike in fuel and energy costs.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR

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