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Singapore Wrap Friday

Today's notable stories

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Retail sales for June rose 6.9 per cent year on year, bolstered by a double-digit jump in sales of motor vehicles.

Retail sales in June up 6.9% on double-digit surge in motor vehicle sales

Retail sales for June rose 6.9 per cent year on year, bolstered by a double-digit jump in sales of motor vehicles. Stripping out motor vehicle sales, sales for June actually fell 3 per cent, according to a release from the Department of Statistics on Friday.


Rents for private apartments, condos, HDB flats down in July: SRX

Rentals for private condos and apartments in Singapore eased 0.3 per cent in July compared to June, led by a 0.4 per cent month-on-month fall in rents in Core Central Region, according to the July flash estimate released by SRX Property on Friday.

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Market voices on:


PAP reveals Sembawang GRC line-up, includes former Aljunied GRC candidate Ong Ye Kung

Mr Ong Ye Kung, 45, director of group strategy at Keppel Corporation, will make his second attempt at getting into Parliament at the coming election.


Former Jade Technologies director sentenced to eight years and nine months' imprisonment, fined S$50,000

Former Jade Technologies director Anthony Soh was on Friday sentenced to eight years and nine months' imprisonment and slapped with a S$50,000 fine after he was convicted on 39 charges.


Corporate Earnings


The STI Today

Singapore: Shares close mixed on Friday; STI rises amid a weak broad market

Local traders returned on Tuesday after a long National Day holiday weekend to news that China had decided to devalue its yuan, a shock move that sparked fears of a currency war and triggered waves of selling in global equities.

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