The Week In Numbers: Crabs On The Menu

The US Federal Reserve has left interest rates unchanged at near 0% again in this month. But the rate-setting committee pointed to the possibility of a rate hike in December. Meanwhile, the US economy grew at an annualised rate of just 1.5% between July and September, down from 3.9% in the second quarter.

Singapore Post (SGX: S08) said it will open Singapore’s first mall offering both bricks-and-mortar and click-and-deliver under the same roof. The 250,000 square foot mall, which will cost S$150m to build, will house a cinema, retail shops, food and beverage outlets and its flagship post office.

Analysts at Australia & New Zealand Banking Group reckon the Singapore dollar could weaken about 2% against the US dollar. OCBC forecasts that the local currency could depreciate to S$1.457, while Mizuho Bank thinks it could strengthen to S$1.39. Any more guesses?

Singapore consumers felt a little less confident, according to a survey by ANZ and Roy Morgan Research. The Consumer Confidence Index slipped 4.6 points to 125 points. The researcher said the fall had been driven by a gloomier assessment of current and expected personal finance conditions.

And finally, Chili crab specialist Jumbo Group is giving investors claws for thought. The seafood restaurant will be floating 88 million shares on the Singapore market through a S$22m Initial Public Offering. It will separately raise another S$18m from two cornerstone investors, namely Heliconia Capital Management, which is a subsidiary of Temasek, and Ron Sim, who is the founder of Osim International (SGX: O23).

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