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Phillip Capital Morning Note - 27/3/2019

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Publish date: Wed, 27 Mar 2019, 11:04 AM
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US new-home groundbreakings fell in February by the most in eight months on a drop in single family homes, suggesting buyers and builders remain wary despite higher wages and a drop in mortgage rates. The number of pipeline and storage terminal projects proposed to move shale to the US Gulf Coast has dwindled amid steps by oil producers to pare exploration spending.

Japanese Prime Minister Shinzo Abe's cabinet approved regulations for gambling resorts, the first of which could open in Osaka as soon as 2024 and provide a new source of tax revenue.

DBS Bank and Singapore Airlines (SIA) signed a Memorandum of Understanding (MoU) on Tuesday to enable a seamless banking and travel customer experience for travellers by enhancing digital capabilities across various platforms.

Metro Holdings announced on Tuesday that it has launched and priced S$165 million in aggregate principal amount of 4.3 per cent notes due 2024.

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

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