Fed rate hike dents USD; regional stocks hit by surprise BOC rate moves | Extra S$8b worth of liquidity tied up due to poor working capital performance: study

If this e-mail is not displayed properly, click [here.]( [View In Browser]( FRI, DEC 15, 2017 Get Briefed Daily EDITOR'S CHOICE [Fed rate hike dents USD; regional stocks hit by surprise BOC rate moves]( REGIONAL markets declined and the US dollar weakened after the US Federal Reserve made a widely anticipated move to raise interest rates overnight on Wednesday (Singapore time). [Extra S$8b worth of liquidity tied up due to poor working capital performance: study]( WORKING capital performance in half of Singapore's business sectors has deteriorated year on year (y-o-y), translating into an additional S$8.7 billion of liquidity tied up, a joint study by PwC Singapore and Spring Singapore has found. [Oxley buys Chevron House, Vista Park, stake in Vietnam project in deals totalling over S$1b]( OXLEY Holdings, headed by Ching Chiat Kwong, continues its property buying spree. In a span of less than 24 hours from late Wednesday to Thursday evening, it announced three acquisitions totalling over S$1 billion. 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