<div class=newsTextDataWrapInner>SINGAPORE (Sept 5): Knight Frank Singapore says it sees the emergence of a two-tier office market in Singapore, given how the city state has seen a growing rental divergence between its top-grade and older office buildings as of late.</div>

<div class=newsTextDataWrapInner>In Knight Frank’s 2Q17 Research Bulletin for the office sector, Calvin Yeo, executive director &amp; head, office advisory, notes that Grade A+ office rents in the Raffles Place/Marina Bay precinct rose for the first time in nine quarters over 2Q by 0.2% q-o-q to an average of S$9.34 psf pm, on the back of a sustained “flight-to-quality” movement.</div>

<div class=newsTextDataWrapInner>Occupancy in these existing Grade A+ buildings rose by 0.3 percentage points from 97% in 1Q to represent... <a href="https://www.theedgesingapore.com/investing/how-flight-quality-continues-impact-singapore%E2%80%99s-office-market" target="_blank">(Click here to read the full story.)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (Sept 5): Knight Frank Singapore says it sees the emergence of a two-tier office market in Singapore, given how the city state has seen a growing rental divergence between its top-grade and older office buildings as of late.

In Knight Frank’s 2Q17 Research Bulletin for the off...

How flight-to-quality continues to impact Singapore’s office market

Here is a brief recap of some corporate announcements that made the news on Tuesday.

Genting Malaysia, Supermax, Samaiden, Resintech, Perak Corp, MyEG Services 

Many may not know that a Malaysian construction company, Eversendai Corp Bhd, is one of the main contributors to the construction of several iconic landmarks in the world including Burj Khalifa (Dubai), Al Shams Sky Tower (Abu Dhabi) and KLCC (Petronas) Twin Towers and Merdeka 118 Tower.

Building up world's iconic landmarks, Eversendai is pride of Malaysia, says Nanta

At least three people were killed and more than 1,000 others including Hezbollah fighters, medics and Iran's envoy to Beirut were wounded on Tuesday when the pagers they use to communicate exploded across Lebanon, security sources told Reuters.

At least three dead, over 1,000, including Hezbollah members, wounded in pager blasts in Lebanon

Heavy rain and storms combined with high tides caused large waves to hit Penang's coast, particularly around Pantai Bersih.

The Butterworth Outer Ring Road (LLB) has since warned the public to stay away from the beach area due to the dangerous weather and high waves, which even reached the back of the Bagan Ajam Rest and Service Area (R&amp;R).

Public warned to stay away after large waves hit Penang coast

Wall Street's main indexes rose on Tuesday, with the benchmark S&amp;P 500 close to its intraday record high, as investors awaited a crucial Federal Reserve policy decision and fresh economic data allayed worries of a sharp slowdown in the US economy.

Wall Street rises ahead of key US Fed decision; S&P 500 nears record high

The US presidential elections are closely watched as the winner influences policy directions and business climate in the world’s biggest economy, which in turn move the global markets. With the Nov 5 polling date less than two months away, The Edge revisits key economic and market indicators of the last seven election cycles from 1996.

How markets perform during US elections

Stocks in Japan are poised for gains early Wednesday after the US benchmark hit a fresh record ahead of hotly anticipated central bank meetings in both countries.

Japan stocks set to rise, Australia shares to fall as traders await Fed, BOJ

The federal government will focus on several strategies to stabilise inflation and address the challenges of rising living costs in Budget 2025, says Deputy Prime Minister Datuk Seri Fadillah Yusof.

Federal govt to focus on inflation stabilisation in Budget 2025 — Fadillah

The Pentagon’s cost to develop and produce Lockheed Martin Corp.’s F-35 has risen almost 10% to about US$485 billion (RM2.08 trillion) now that money needed for engine improvements has been included in the official estimate for the costliest US weapons system.

Pentagon’s F-35 cost rises 10% to US$485 bil to fix overheating engines

The Perak state government, through the Perak State Agricultural Development Corporation (Perak SADC), has signed a joint venture (JV) agreement with Pakistani halal gelatine manufacturer Leiner Pak Gelatine Ltd to grow the state’s halal gelatine industry.

Perak aims to become major global halal gelatine industry player

The Federal Reserve’s (Fed) widely anticipated pivot to interest-rate cuts this week is likely to bolster emerging Asian market assets, further extending their recent lead over global favourites such as Japan and chip stocks.

Here’s how Asia is bracing for Fed’s imminent shift to rate cuts

Stocks drifted near all-time highs ahead of the Federal Reserve (Fed) decision, with traders split on the size of an interest-rate cut.

US stocks hover near record-high as traders split over Fed rate cut 

German autos supplier Bosch CEO Stefan Hartung expects very little growth in car and commercial vehicle markets worldwide this year and next, he said in an interview with Reuters.

Bosch chief sees stagnating growth in car markets worldwide

The US is urging Vietnam to avoid Chinese cable-laying firm HMN Technologies and other Chinese companies in its plans to build 10 new undersea cables by 2030, sources with knowledge of the talks said.

Inside the US push to steer Vietnam's subsea cable plans away from China — Reuters

The Islamic Development Bank plans to provide around US$4 billion to US$5 billion (RM17.1 billion to RM21.4 billion) of support to Bangladesh over the next three years, the bank's regional head said on Tuesday.

Islamic Development Bank to provide up to US$5b support to Bangladesh

Confidence among US home builders rose in September for the first time in six months, just before the US Federal Reserve is expected to cut interest rates from the current two-decades high.

Confidence rises among US home builders as they await Fed move

Malaysia intends to establish cooperation with Kyrgyzstan in the field of halal industry, as well as share experience in the development of tourism and the education system.

Strengthening bilateral cooperation between Kyrgyzstan and Malaysia

After more than two years of currency pain, Asia’s central banks are in for some relief as the Federal Reserve (Fed) is set to cut interest rates by a quarter-point Wednesday. The path for the region’s own monetary policy, though, will be bumpy from here.

Fed cut to serve as starting gun for central banks across Asia

Music mogul Sean "Diddy" Combs has been hit with three federal charges of racketeering conspiracy, sex trafficking and transportation to engage in prostitution, according to an indictment unsealed on Tuesday.

Sean 'Diddy' Combs charged with racketeering, sex trafficking

California Governor Gavin Newsom signed two bills into law on Tuesday that aim to help actors and performers protect their digital replicas in audio and visual productions from artificial intelligence, the governor's office said.