A quick look at all the market moving events and big financial news of the day. From Singapore Airlines' overhaul to Normanton Park sale, get your daily dose of all the latest in the world of business right here.
Singapore stocks gained for a second day on Friday, led by financials while positive Asian sentiment also supported risk appetite.
The Straits Times Index advanced 0.9 percent or 29 points to end at 3,291.
United Food Holdings, a producer and supplier of soybean products, gained 1.4 percent after saying it would buy 80 percent stakes in each of three animal feed-related companies in China for 120 million yuan (S$24.5 million).
Singapore Airlines has commenced a three-year turnaround plan to review work processes and operations companywide, Straits Times reported on Friday. Shares of the airline rose 0.8 percent.
Builder Soilbuild Construction said it won a S$50 million contract by SB (Waterfront) Investment to erect a 7-storey single user general industrial factory development. However, its shares fell about 4 percent.
The government will release Singapore's third-quarter advance growth estimates and monetary policy decision on October 13 at 8am local time.
Singapore's Normanton Park, a development near Science Park, was purchased by Chinese firm Kingsford Huray Development for S$830.1 million.