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Singapore Wrap Thursday
Total wages in Singapore's private sector rose at a slower rate last year. But taking into consideration lower inflation last year, real total wages for employees in Singapore actually grew more compared to 2013, the Ministry of Manpower (MOM) said on Thursday.
Premiums for certificates of entitlement (COEs) were flat in the first bidding exercise of June as prospective buyers take a wait-and-see attitude amid expectations of a larger quota in a couple of months' time.
Singapore's most prominent nightspot on the 57th floor of the Marina Bay Sands hotel complex, Ku De Ta, will have its name changed to Ce La Vi from today. The nightclub was given two weeks from a Court of Appeal ruling issued on May 25 to stop using the Ku De Ta name, after a five-year legal battle launched in 2010 by the partners of the Bali beachfront club that started using the Ku De Ta name in 2000.
Singapore tycoon investor Peter Lim has bought a 20 per cent stake in TheEdgeProperty.com, the new property portal of Malaysia's The Edge Media Group, for an undisclosed sum.
Healthcare firm Singapore O&G (SOG) more than doubled on its trading debut on the Catalist board on Thursday.
- BTBlogs: O&G? More like OMG
The STI Today
The Straits Times Index (STI) on Thursday fell 4.84 points to end at 3,345 in overall weak trading that saw the whole market record 140 rises versus 298 falls, excluding warrants. Turnover was better than average at 1.7 billion units worth S$1.6 billion. The fall increased the index's loss for the year to 20 points or 0.6 per cent.