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Phillip Capital Morning Note - 5 Sept 2019

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Publish date: Thu, 05 Sep 2019, 09:17 AM
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Frasers Centrepoint Trust announced that it will be included in the FTSE EPRA/NAREIT Global Real Estate Index Series (Global Developed Index) from 23 September 2019. The index series is designed to track the performance of listed real estate companies and REITs worldwide and is seen as the leading benchmark for listed real estate investments.

SINGAPORE: A committee that reviews electoral boundaries ahead of a General Election (GE) has been set up, said the Elections Department on Wednesday (Sep 4).  The formation of the Electoral Boundaries Review Committee (EBRC) and its subsequent report are key processes that need to be completed before a GE. It is appointed by the Prime Minister, who sets its guidelines or terms of reference.

CHINESE shipbuilder Yangzijiang Shipbuilding inked new order contracts for five vessels, including three 82,000DWT bulk carriers and two 325,000DWT bulk carriers. One of the orders for the 82,000DWT bulk carriers was placed by Kambara Kisen of Japan, which has its own shipbuilding company under Tsuneishi Holdings Corporation.

Shoppers at some NTUC FairPrice outlets will soon have to start paying for plastic bags. The supermarket giant will start charging 10 Singapore cents and 20 cents for plastic bag use at seven outlets in a month-long trial, starting from Sept 16.

Transport giant ComfortDelGro has rolled out an on-demand bus service, just weeks after the Land Transport Authority (LTA) shelved plans for such a scheme. The listed bus and rail operator said on Wednesday that its ComfortConnect service has been available to residents in Tanjong Rhu and Meyer Road since Aug 15.

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

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