You are here
Singapore Wrap Friday
Today's notable stories
- Singapore January bank lending dips as commerce, financial loans decline
Total bank lending in Singapore fell in January from the previous month, as a drop in loans to general commerce and financial institutions offset increases in lending to manufacturers, central bank data showed on Friday.
- Redas president warns of repercussions of property cooling measures
Cooling measures by the government, if left unchecked, could lead to unintended downward spiralling of property prices, warned Augustine Tan, president of the Real Estate Developers' Association of Singapore (Redas).
- SGX names Tan Boon Gin as new chief regulatory officer, effective June 15
The Singapore Exchange (SGX) has named Tan Boon Gin - currently director of the Commercial Affairs Department - as its new chief regulatory officer, effective June 15.
- Average development charges cut 3% for non-landed residential use, but raised 2% for commercial use
Development charge (DC) rates - payable for enhancing the use of some sites or to build bigger projects on them - have been reduced by 3 per cent on average for non-landed residential use for the period March 1 to Aug 31. For commercial use, DC rates have been raised by 2 per cent on average.
- Passenger traffic at Changi slips 3.8% in January
Changi Airport handled 4.42 million passengers in January, down 3.8 per cent year on year, in line with aircraft movements sinking 5.2 per cent to 28,800 take-offs and landings.
- Singapore: Stocks end lower to close the week; Noble's figures, SGX CEO in focus
A surprise announcement by the Singapore Exchange (SGX) that its boss Magnus Bocker does not want to stay on after his contract expires in June, commodities firm Noble Group's ongoing tussle with short-selling firm Iceberg Research and slight softness in the banking sector - these were the main local features of interest in this week's trading.