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Singapore Wrap Monday
Singapore's total employment contracted for the first time in five years as the number of people employed here fell by 6,100 in the first quarter of this year.
Amid a lack of new project launches, developers sold 638 private residential units in Singapore last month, down from 1,167 units in April.
M1, Singtel and StarHub will cease the provision of all 2G services (voice, messaging, and data services) in Singapore with effect from April 1, 2017.
Retail sales for April expanded 5 per cent year on year, buoyed by double-digit sales growth in motor vehicles.
Mapletree Greater China Commercial Trust (MGCCT) has acquired Sandhill Plaza in Shanghai for about S$402 million from MSREF VII Leaphart BV.
The STI Today
Singapore shares closed 0.9 per cent lower as at 5:10pm on Monday, with the Straits Times Index down 30.72 points to 3,323.13 as the banks retreated following Europe's failure over the weekend to reach a deal on Greece.