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Singapore's MAS Says Economy Poised to Strengthen Against Supportive Global Backdrop, Disinflation
By Fabiana Negrin Ochoa Singapore's economy seems on track to improve from last year as key sectors strengthen and cost pressures stay in check, according to the central bank's latest annual report. "
Analysts Keep a Bright Outlook for Retail
Singapore's retail sector will continue to perform well for the rest of the year largely thanks to an improving external environment and a strong lineup of major events, according to research analyst.
Isetan Receives Delisting Approval Following Acquisition by Isetan Mitsukoshi
Isetan (SGX:I15) received an approval for the proposed delisting of the company from the SGX-ST following the acquisition of the company by Isetan Mitsukoshi (TYO:3099), according to a filing with the
The Nikkei average started the afternoon session up 558 yen, with Mitsukoshi Isetan, Chugai Pharmaceutical, and others trading higher.
[Nikkei Average Stock Price / TOPIX (Table)] Nikkei Average; 39731.67; + 558.52 TOPIX; 2803.32; + 15.95 [Afternoon Opening Overview] The Nikkei Average in the afternoon started at almost the same level as the previous day (39726.39 yen) at 39731.67 yen, up 558.52 yen from the previous day. During lunchtime, Nikkei 225 futures were stagnant in the range of 39710 yen to 39790 yen. The dollar-yen has fallen about 10 yen since around 9 a.m., with 1 dollar = 159.70-80 yen.
Isetan Mitsukoshi---The number of visitors to Japan in May exceeded 3 million for the third consecutive month.
Japan National Tourism Organization (JNTO) announced that the number of visitors to Japan in May was 3.041 million, the third consecutive month over 3 million. Consumption of luxury goods by visitors to Japan is expected to remain strong due to the yen depreciation effect. Although the stock price has continued to adjust since peaking on June 12 at ¥3403 and broke through the 25-day line to approach -2σ of the Bollinger Bands, it is likely to have a stance of rebound hunting.
Isetan Singapore AGM Highlights and Voting
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