DAILY NEWS

Daily News – 24 Dec 2019

Singapore Economy

Headline inflation hits 0.6% as core inflation holds in Nov
Core inflation remained at 0.6 per cent last month, unchanged from October’s figure – the lowest in more than three years since March 2016. Headline or overall inflation, however, rose to 0.6 per cent last month, higher than the 0.4 per cent recorded in October, according to figures from the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) yesterday.
https://www.straitstimes.com/business/economy/headline-inflation-hits-06-as-core-inflation-holds-in-nov
https://www.businesstimes.com.sg/infographics/headline-inflation-inches-up-while-core-inflation-stays-flat-in-nov
https://www.channelnewsasia.com/news/business/singapore-core-inflation-remains-unchanged-november-2019-12205970
https://www.todayonline.com/singapore/singapores-core-inflation-remains-unchanged-november

Companies’ Brief

CDL Investments New Zealand starts sales at 2 Auckland properties
CDL Investments New Zealand, the 66 per cent-owned subsidiary of City Developments that is listed in New Zealand, said on Monday that sales at its development in Dominion Road, Papakura, South Auckland, have “exceeded expectations”. Sales at the Dominion Road subdivision have exceeded expectations with the first 44 lots of 45 in Stage 1 already under contract, it said in a statement.
https://www.businesstimes.com.sg/companies-markets/cdl-investments-new-zealand-starts-sales-at-2-auckland-properties

Chip Eng Seng grants US$4.95m convertible loan to Cybint Group
Chip Eng Seng has agreed to extend a US$4.95 million convertible loan to Israel’s Cybint Group, it said on Monday. Cybint Group delivers innovative education and training solutions in cybersecurity to organisations and educational institutions, with the aim of training users to develop skills against emerging cybersecurity threats, it said. Since 2018, Cybint Group has also partnered private industry, academia and…
https://www.businesstimes.com.sg/companies-markets/chip-eng-seng-grants-us495m-convertible-loan-to-cybint-group

Hang Lung gets maiden HK$1b green loan from OCBC
OCBC Bank has taken another step towards its target of achieving a S$10 billion sustainable finance portfolio by 2022. The lender’s Hong Kong branch has issued a HK$1 billion (S$174.1 million) green loan to Hang Lung Properties, a property developer headquartered in Hong Kong. This is Hang Lung’s first green loan, said OCBC in a news release on Monday.
https://www.businesstimes.com.sg/real-estate/hang-lung-gets-maiden-hk1b-green-loan-from-ocbc