The Business Times

Start your day with BT ☕️: Stocks to watch: OUE Reit, TalkMed https://bt.sg/E4yA Top stories 1. Property: Developers give Tampines mixed-use site vote of confidence, snub Media Circle serviced apartment plot https://bt.sg/j8cT 2. Companies: DBS sees wealth fees doubling by 2027 as the rich head to Asia https://bt.sg/vQBK 3. Markets: Fed impact on Singapore banks already priced in; dividend yields remain attractive: analysts https://bt.sg/6P4q

Fed impact on Singapore banks already priced in; dividend yields remain attractive: analysts Following the US Federal Reserve's 50 bps rate cut, shares of the local banking trio rallied on Thursday. https://bt.sg/DVhZ

Quick takes on US Federal Reserve’s half-point cut “For Singapore, we expect office rents to grow, benefiting Singapore office Reits like Keppel Reit, CapitaLand Integrated Commercial Trust and Suntec Reit.” said Morningstar Research’s equity analyst on its impact on Singapore's economy. https://bt.sg/C8Xk

Frasers Property-led group puts in sole bid for Media Circle serviced apartment site at S$461 psf ppr The sole bid from a group comprising FCL Land, Padawan MC and Empire One North Property came in far below estimates from market watchers. https://bt.sg/9biY

Singapore stocks rise to 2007-level highs, cheered by US rate cut; STI up 1.1% Of the 30 counters on the local benchmark index, just three end flat while 27 are in the black. https://bt.sg/eNk7

Luxury carmakers Mercedes-Benz, Porsche choose Singapore for high-profile global debuts Such unveilings – rare outside the US, Europe and China – attest to the Republic’s growing status as a regional platform. https://bt.sg/xXLq

Market fundamentals limit rate cut support to commodity prices; gold set to inch higher: analysts On the oil market, rate cuts would only indirectly affect the prices as it secures the US economy’s soft landing. https://bt.sg/HVZR

Proposals on the way to tackle manpower, regulatory and other challenges hobbling Singapore businesses Land concerns remain a key issue, with businesses calling for more transparency in industrial lease renewals. https://bt.sg/obBkP

Tech, real estate sectors in Asian markets to see immediate gains on first Fed rate cut in four years But the longer-term impact of rate cuts on markets might be minimal given uncertainties around the health of the US economy. https://bt.sg/6aje

Condo leasing volumes dipped in August; demand for HDB rentals muted: SRX, 99.co Rental volumes are 3.8 per cent higher year on year, but 7.6 per cent lower than the five-year average volumes in August. https://bt.sg/55iGT