Singapore Wrap Monday
Here are the main Singapore news items today, May 4:
CASE issues warning on investing in overseas properties
The Consumers Association of Singapore (CASE) has issued a warning on investing in foreign properties. This comes after it received 13 complaints in 2013 and 2014 from consumers who had purchased property overseas.
The Advertising Standards Authority of Singapore (ASAS) said on Monday that new guidelines on advertisements of investments in financial instruments and properties will be implemented by the end of the year.
SGX queries Stratech as its shares soar 28% in heavy trade; Stratech says it is unaware of any undisclosed information to explain price surge
ExxonMobil shuts Singapore petchem units for maintenance
ExxonMobil has started maintenance at its Singapore Chemical Plant due to last "a few weeks", a spokeswoman said on Monday, without giving details of the units involved at the company's largest integrated petrochemical complex.
Prudential names Mike Wells as its new CEO
Prudential has named Mike Wells to succeed Tidjane Thiam as group chief executive from June 1, 2015.
Corporate earnings:
Singapore market report: Singapore stocks weaken in low volume
The Straits Times Index was pushed up by about 11 points in the final seconds of trading last Thursday, April 30, so it came as no surprise that on Monday, the first trading day of May, the index spent most of the day in the red and eventually ended a nett 4.69 points weaker at 3,482.7.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Norway's wealth fund posts US$109 billion Q1 profit as tech stocks soar
Norway wealth fund backs NatWest plan to buy more state-owned stock
Japanese firms agree on 5.2% pay raise, biggest union group Rengo says
Singapore ready to harvest economic opportunities in the Philippines: Vivian Balakrishnan
Australia regulator flags surge in company insolvencies to 11-year high
Elon Musk stakes fortune on cult following who made him rich