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Pressures are mounting for developers to dispose of leftover units in projects affected by the qualifying certificate (QC) rules and the additional buyer's stamp duty.

Pressures mounting on developers for unsold stock due to ABSD, QC rules: Redas

Pressures are mounting for developers to dispose of leftover units in projects affected by the qualifying certificate (QC) rules and the additional buyer's stamp duty (ABSD).


Singapore can double flights handled to 700,000 by end of next decade: Josephine Teo

Singapore can double the number of flights handled annually to 700,000 by the end of next decade, said Senior Minister of State for Transport Josephine Teo. This is when Changi Airport's Terminal 5 is up and running, she said in a media interview at the Singapore Airshow on Thursday morning.

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SMRT to hire 1,200 staff, raise salaries for bus captains

SMRT Corp plans to hire an additional 1,200 staff for its rail and bus businesses and raise the salaries of its bus captains, the land transport company said on Thursday.


Singtel to achieve nationwide 4G LTE-900 deployment by end-March

Singapore Telecommunications (Singtel) and Swedish telecom gear maker, Ericsson, will achieve nationwide deployment in Singapore of a 4G LTE network on 900MHz spectrum band by end-March 2016.


Sembcorp's India power plant inks 8-year power purchase deal

Sembcorp Industries' power plant, Thermal Powertech Corporation India (TPCIL), which owns and runs a 1,320-megawatt coal-fired power plant in Krishnapatnam in Andhra Pradesh's SPSR Nellore district, has signed a long-term power purchase deal with the Telangana Power Distribution Companies.


Indonesia central bank lowers key rate again in bid to lift growth

Indonesia's central bank, trying to help speed up sluggish economic growth, on Thursday cut its benchmark interest rate for the second time this year and lowered the banking sector's reserve requirements in another easing move.


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The STI Today

Singapore shares close higher on firm oil, overnight Wall Street rally

A rise in oil prices and an overnight rally on Wall Street helped the Straits Times Index (STI) gain 43.78 points or 1.7 per cent at 2,657.57 on Thursday. Turnover was a robust 1.2 billion units worth S$1.3 billion and excluding warrants there were 278 rises versus 110 falls.

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