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Singapore Wrap Friday

Today's notable stories

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Singapore banks' loan growth will stay subdued over the coming quarters, but the lenders stand to enjoy higher net interest margins as the market expects rates to rise, said a Friday report by Fitch Group's BMI Research.

Silverlake Axis halts trading after stock falls 27% on short-seller report

Software solutions provider Silverlake Axis called for a trading halt "with immediate effect" pending an announcement, after its stock fell by as much as 27 per cent to an intra-day low of S$0.615.


Singapore banks' loan growth to fall to 3.5% in 2015: Fitch unit's research

Singapore banks' loan growth will stay subdued over the coming quarters, but the lenders stand to enjoy higher net interest margins as the market expects rates to rise, said a Friday report by Fitch Group's BMI Research.

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Perennial in JV to develop mixed-use project in Ghana

Perennial Real Estate Holdings is venturing into the African continent through a joint venture with Shangri-La Asia to develop a 49,874-square-metre site in Ghana.


SG50 commemorative notes folders will be reprinted to correct "Yusok Ishak" typo: MAS

The Monetary Authority of Singapore  will reprint new folders for the SG50 commemorative notes set to correct a typo which misspelled the name of Singapore's first President, Mr Yusof Ishak.


Singapore General Election


The STI Today

Singapore: Shares close 1.3% down after China PMI report

The Singapore market finished 1.3 per cent lower on Friday, with the Straits Times Index falling 38.77 points to 2,971.01 after China's flash manufacturing PMI came in far worse than expected.

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