The Dow Jones Industrial average closed down 22 points, with losses in Boeing and Goldman Sachs offsetting gains in Apple and Nike. The S&P 500 rose 0.01 percent while the tech-heavy Nasdaq Composite traded up 0.26 percent.

MALAYSIAN Economic Affairs Minister Mohamed Azmin Ali said on Monday that an agreement has been reached to postpone the Kuala Lumpur-Singapore High-Speed Rail (HSR) project without compensation, and that the project would resume once the deferral ends.

The Johor state government has proposed to reserve 30 per cent of properties in the Forest City project for Malaysians. The proposal, which is not final, will be submitted to a committee formed by the Housing and Local Government Ministry to scrutinise and reassess agreements and deals concerning the sale of residential units.

QINGJIAN Realty has unveiled its plan to build more than 1,200 apartment units in Shunfu Road, on the site of the former Shunfu Ville estate, which will be priced at S$1700 per square foot.

UNITED Overseas Bank (UOB) is issuing 500 million euros (S$796.7 million) of five-year covered bonds at a fixed coupon of 0.25 per cent under an existing programme.

Nam Cheong announced on Monday that under the scheme of arrangement between the company and its creditors, it is launching a non-underwritten, one-for-one renounceable rights issue at a price of S$0.014 for each new share.

ARA Asset Management, the manager of Cache Logistics Trust, has raised its stake in the warehouse owner to 9.21 per cent through a married deal with Cache's sponsor CWT, lifting ARA's stake in Cache from 5.14 per cent to 9.21 per cent.

SABANA Shari'ah Compliant Industrial Real Estate Investment Trust has issued a notice of termination on Aug 31 to Adviva Distribution, the tenant at 10 Changi South Street 2, due to the tenant's "failure to pay rent and other sums payable" under the lease agreement

OUE Lippo Healthcare has been served with court documents by its former executive director, Lim Beng Choo, following Ms Lim's commencement of court proceedings against the company on Aug 15, 2018, over unpaid dues.

Source: CNBC, Bloomberg, Reuters, Business Times, Phillip Securities Research