Singapore Q3 GDP grew 2.2%, below street estimates; MTI narrows 2018 forecast to 3-3.5% growth in the third quarter fell short of economist predictions, dragged down by moderating demand for electronics amid uncertain global conditions arising from the US-China trade war.

Singapore non-oil exports grow for 5th quarter in a row in Q3, posts 8% jump, non-oil domestic exports (NODX) continued to grow for the fifth straight quarter in July-September, posting an 8.0 per cent jump over the past year and extending the 9.3 per cent rise in the second quarter.

US core capital goods orders flat. New orders for key US-made capital goods were unexpectedly unchanged in October and shipments rebounded modestly, which could temper expectations of an acceleration in business spending on equipment early in the fourth quarter.

Banyan Tree unit sells 18.6% stake in JV with China Vanke to JV partner for S$78.6m

Ace Achieve to buy 36% of blockchain business for S$1.9m, borrow S$500,000 to finish audit. Plans to acquire a 36 per cent stake in a blockchain online trading and payment solutions business for S$1.9 million.

Jumbo Group posts 23.8% fall in FY18 profit. Net profit for the 12 months ended Sept 30, 2018 stood at S$11 million, down from S$14.5 million a year ago. This comes despite a 5.5 per cent lift in revenue to S$153 million, as expenses rose at a quicker pace.

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