Singapore Wrap Monday

Singaporeans expect inflation to rise to 3.35% in a year's time: survey

Singaporeans' expectations of inflation have climbed over the past three months despite lower oil prices and a slowdown in China, a quarterly survey has found.

US authorities investigating Singapore asset manager in offshore tax evasion crackdown, says WSJ

Criminal investigators from the US Internal Revenue Service (IRS) are investigating whether a Singapore asset-management firm accepted transfers from undeclared Swiss accounts closed by US taxpayers, the Wall Street Journal reported.

ST Engineering chief executive Tan Pheng Hock on medical leave after mild stroke

Singapore Technologies Engineering (ST Engineering) said on Monday that its president and chief executive officer, Tan Pheng Hock, is on medical leave of absence after suffering a mild stroke.

Neptune Orient says not made decision on company's potential sale

Neptune Orient Lines Ltd said it has not made any decision on a potential sale of the company, nor entered into any agreement, after media reports that Temasek Holdings had put the shipping company up for sale.

Corporate Earnings

The STI Today

Singapore stocks finish higher led by penny stocks

Most observers would look at movements in the Straits Times Index (STI) to gauge the state of the market, but on Monday, all eyes were on penny stock CEFC International, which rocketed up by S$0.08 or 80 per cent to S$0.18 on a volume of 127.5 million. A week ago, the counter had traded for around S$0.03, which means it has risen six times in six trading sessions.