Homes in the East are generally highly sought after and Whitewater in Pasir Ris and Melville Park in Simei recently saw a jump in the number of transactions. Both developments offer affordable homes close to offices, amenities and recreational parks. 
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- STI +0.1%; Pennies stocks firm, No direction: CIMB
- NOL outlook improves as double-dip risk wanes: OCBC
- STI rises 0.4% to 3,022.28 at closing
- Wilmar flat; Near-term earnings growth dull: Nomura
- Chasen to acquire 100% equity interest in builder of industrial water and waste treatment facilities in Singapore and Malaysia for $4.5m
- CapitaMalls Asia upgraded to Outperform by Daiwa
- Sept 8: Yangzijiang, DBS, United Envirotech, Sound Global, BH Global Marine, Super Group
- Yangzijiang Shipbuilding jumps daily limit in Taiwan: Update
- Genting Singapore off 0.5% after multi-year high
- Pacific Healthcare places 62 million new shares to Affluent Healthcare to raise $6.7m in net proceeds
- No changes to STI constituents after half-yearly review
The Daily Edge
STI rises 0.4% to 3,022.28 at closing
Singapore’s Straits Times Index rose 0.4% to 3,022.28 at the close. About five stocks advanced for each that fell on the 30-member gauge. Shares on the measure trade at an average 14.7 times estimated earnings, compared with about 17.4 times at the beginning of the year, according to Bloomberg data. The following shares were among the most active in the market.
Chasen to acquire 100% equity interest in builder of industrial water and waste treatment facilities in Singapore and Malaysia for $4.5m
Relocation specialist Chasen Holdings says the company and its unit Hup Lian Engineering have agreed to acquire 100% of the equity interest in Global Technology Synergy for up to $4.5 million. GTS is in the business of process engineering and construction of industrial ultra-pure water and waste treatment facilities. Towards Green Sdn Bhd, the Malaysian wholly-owned subsidiary of GTS, also...
EUR/USD Performance Chart as at 11:00 p.m. Singapore time, 9/09/10
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GBP/USD Performance Chart as at 11:00 p.m. Singapore time, 9/09/10
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USD/CAD Performance Chart as at 11:00 p.m. Singapore time, 9/09/10
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FINANCIAL MARKETS SEEM to be in a funk, with fears about the global economy worsening by the day. Certainly, data for the US and Japan has deflated some of the earlier optimism in markets while some of the smaller European economies appear to be facing renewed pressures in financial markets. There...
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The week ended Aug 27 saw another down week for stocks but, thanks to a rally on Friday, the losses were trimmed. That week, the Dow Jones Industrial Average lost 0.6% to 10,151, the Standard & Poor’s 500 Index fell 0.7% to 1,065 and the Nasdaq Composite declined 1.2% to 2,154.
Daryl Guppy: Taels in the market
TAELS ARE BACK in fashion in China and they are part of a financial shift. No, not those old-fashioned morning suits with tails, but small bars of gold and silver weighing a few ounces that in older China were called taels. Strolling through a shopping centre in Haidian district, Beijing recently,...
