Singapore Wrap Friday

Broker's Take: SMRT could face S$50m fine for disruptions, says Maybank Kim Eng

SMRT could get slapped with a S$50 million fine for its recent July 7 service disruptions, said Maybank Kim Eng on Friday morning.

Two Singapore MPs seek updates on electoral boundaries committee's formation

Singaporeans could get a clearer idea of when the next General Election (GE) might take place when parliament sits again on Monday.

Singapore new office leases drop by half as companies cut costs

Singapore's new office leases declined by more than half as tenants such as Barclays Plc gave up space, while companies including Google Inc moved out of prime office districts to cut costs.

Solvay opens S$50m specialty chemicals plant in Singapore

Belgium-based specialty chemicals firm Solvay opened its S$50 million plant on Jurong Island today. It also announced the expansion of oil and gas research at its research and innovation centre in Singapore.

Singapore Q2 GDP growth seen hit by weak global demand, production: poll

Singapore's economic growth is expected to have slowed down in the second quarter as sluggish global demand hurt the city-state's manufacturing sector, a Reuters poll showed on Friday.

The STI Today

Singapore shares close 0.38 per cent up on Friday

The local market finished 0.38 per cent higher on Friday, with the Straits Times Index moving up 12.48 points to 3,279.88 as Chinese equities rallied and Greek politicians submitted a bailout proposal.