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Singapore Wrap Thursday
Today's notable stories
- Singapore Budget debate: Tharman gives assurance of sustainability
Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam assured Parliament on Thursday that Singapore will remain prudent and maintain fiscal discipline even when social spending increases.
- Iceberg says will issue short research note on Noble Group
Iceberg Research says it will issue a short research note on Thursday related to Noble mark-to-market accounting methods, which will be its third report on the Singapore-listed commodities group.
RELATED ARTICLE: Noble Group says impairment decision made on earnings date
- HDB resale prices dip on declining volume in February: SRX
HDB resale prices fell 0.6 per cent in February, compared with January. Year-on-year, prices have fallen 5.7 per cent from February 2014.
- DHL Express invests 85 million euros in new Singapore logistics facility
International express service provider DHL Express has pumped 85 million euros (S$140 million) into a new 24-hour express hub facility located within Changi Airfreight Centre at Singapore Changi Airport.
- Fuji Oil opens US$4m R&D centre in Singapore
Food manufacturing supplier, Fuji Oil, on Thursday officially opened its US$4 million Asia Research & Development (R&D) Center in Singapore. The facility is dedicated to creating safe, tasty and healthy food products for Asian markets and is Fuji Oil's first R&D facility outside of Japan.
- Singapore: STI slumps again, possibly ahead of Wall St weakness
Wednesday's plunge in the Straits Times Index (STI) prompted speculation that Wall Street could end its Wednesday session sharply lower, which it did. So it was that Thursday's 20.26 points or 0.6 per cent slide to 3,395.27 in the STI led to speculation that the US market might again come under pressure during its own Thursday session ahead of a key payrolls report on Friday, though perhaps some weakness is to be expected given that the Dow Jones Industrial Average and S&P 500 had risen to all-time highs earlier in the week, while the Nasdaq Composite crossed 5,000 for the first time in 15 years.