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Year-on-year growth in domestic sales was also reported in the general wholesale trade (13.8 per cent), electronic components (3.2 per cent), transport equipment (2.6 per cent), metals, timber & construction materials (2.3 per cent) and industrial & construction machinery (2.0 per cent).

Singapore's domestic wholesale trade growth eases again to 11.3% in Q3
SINGAPORE'S domestic wholesale trade expanded by 11.3 per cent in the September quarter, compared with the same period a year ago, slowing from growth of 18.5 per cent in the second quarter and 23.5 per cent in the first three months of the year.


Nets to invest over S$30m to launch unified digital payments platform
NETS will be investing over S$30 million in the next three years to launch a unified digital payments platform in Singapore.


Noble unit to acquire 49% stake in rare earths project for £14m
NOBLE Group on Monday announced that its green tech subsidiary Talaxis is acquiring a 49 per cent stake in a rare earths projects undertaken by Toronto-listed Mkango Resources for £14 million (S$25 million).


GST hike could be on the cards for Budget 2018: economists, tax specialists
ECONOMISTS and tax specialists expect Goods and Services Tax (GST) to go up by at least one percentage point, possibly as soon as Budget 2018.

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GIC takes majority stake in new innovation precinct next to University of Melbourne
SINGAPORE sovereign wealth fund GIC announced on Monday its participation as a majority investor in a new educational and commercial project in Melbourne, Australia.


Singapore SMEs face cash-flow squeeze as more experience payment delays: survey
MORE small and medium-sized enterprises (SMEs) reported that they have finance-related issues, due mainly to delays in payment from customers, according to findings from the 2017 SME Development survey by DP Info. 


Asian corporates set to see steady earnings growth in 2018: Moody's
STEADY economic expansion and corporate earnings growth are set to underpin the stability of credit quality for corporates in Asia (ex-Japan) in 2018 while refinancing requirements will also be manageable, according to credit ratings agency Moody's 2018 outlook on non-financial corporates in Asia, excluding Japan.


ETC majority shareholder calls for EGM to replace independent directors
THE MAJORITY shareholder of Emerging Towns & Cities Singapore (ETC) has called for a shareholders' meeting in a bid to replace two existing directors with his own nominees.


The STI Today

Singapore shares close up 0.12% on Monday
LOCAL equities were once more up on Monday, after getting a boost from export figures on Nov 17.


 

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