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Oil and gas contractor Swiber Holdings has filed a winding-up application, and its directors have resigned to pursue their own interests, the company announced on Thursday.
The unemployment rate among Singapore residents went up to 3 per cent (from 2.7 per cent in the previous quarter). For Singapore citizens, the rate rose to 3.1 per cent (from 2.6 per cent previously).
Prices of completed private apartments and condominiums in Singapore appreciated in June 2016 over the preceding month - contrasting with the month-on-month decline posted in May this year.
Prices and rentals of industrial space in Singapore continue to fall in tandem with occupancy rates, while vacancy rates edge upward, a report has found.
The STI Today
The Singapore market fell 0.78 per cent on Thursday, with the Straits Times Index dropping 22.87 points to 2,918.62 as investors sold down oil and gas counters.