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Singapore Wrap Monday
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.
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.
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 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.
- M1 posts S$44.3m earnings for Q2
- Keppel Reit's Q2 DPU down 9.5%
- First Reit posts 3.5% rise in DPU for Q2
- Cache Logistics Trust posts 2.14 cent DPU for Q2
- Mapletree Logistics Trust's Q1 DPU dips 2.6%
The STI Today
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.