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Singapore Wrap Friday

Today's notable stories
Friday, March 20, 2015 - 20:00
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THE Ministry of National Development (MND) has applied to the court to appoint independent accountants to safeguard government grants disbursed to the Aljunied-Hougang-Punggol East Town Council (AHPETC).
  • MND asks court to appoint independent accountants to protect AHPETC S&CC funds
    The Ministry of National Development (MND) has applied to the court to appoint independent accountants to safeguard government grants disbursed to the Aljunied-Hougang-Punggol East Town Council (AHPETC).

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  • Stock sales on SGX drop 76% in Q1 as IPOs dry up
    Equity capital raised on the Singapore Exchange fell 76 per cent in the first quarter of 2015 as the initial public offering market dried up, according to preliminary data from Thomson Reuters.

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  • Hot stock: Noble surges and leads the actives as takeover rumours swirl
    The share price of Noble Group surged on Friday after a Reuters report said the commodities company may be a potential takeover target following a recent slump in its market value.

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  • Singapore assisting Indonesia in investigations of ship detentions
    Not all of the supposedly Singapore-registered ships that Indonesia detained earlier this month were actually registered here, the Maritime and Port Authority of Singapore (MPA) said in a statement on Friday.

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  • UOL launches pricing for Botanique at Bartley
    UOL Group on Friday released the prices for its newest project, the 797-unit Botanique at Bartley, with the average price being "a shade below S$1,300 per square foot".

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  • Singapore: Market follows the FOMC script
    It's not often that the market behaves almost exactly according to script but this week was one such occasion. The main feature was the US Federal Open Markets Committee meeting over Tuesday and Wednesday and markets traded generally cautiously ahead of the event, given that US labour market releases have shown strength, which in turn implied greater urgency for interest rate hikes.

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