The yield on the benchmark 10-year Treasury note topped 3 percent on Friday for the first time since Aug. 2. Yields have been steadily rising since the start of September as expectations for economic growth creep higher.

President Donald Trump is reported to be readying a fresh round of tariffs on Chinese goods ahead of scheduled trade talks with Beijing, affecting $200 billion worth of goods. The new tariff was reported to be set at 10 percent, below an original figure of 25 percent floated by the administration earlier.

The buyer for IFS Capital Ltd.’s proposed disposal of the property located at 7 Temasek Boulevard #10-01/02/03 Suntec Tower One, has exercised his option to purchase.

Far East Organisation is reported to be in advanced talks to buy the 191-room Le Meridien in Sentosa for about S$163mn. The group, together with its sponsored trust, Far East Hospitality Trust, is developing three hotels nearby on Sentosa island, with a total of 839 rooms.

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