Singapore Wrap Thursday
Today's notable stories
New Medisave additional withdrawal limits to help pay for IP premiums
The Health Ministry has announced new Medisave additional withdrawal limits which will help Singaporeans pay for part or all of their Integrated Shield Plan premiums using Medisave.
Marginal 0.1% rise in HDB resale prices in June: SRX
HDB resale prices rose just 0.1 per cent from a month ago in June, according to flash estimates by SRX Property.
Five more airlines to operate at Changi Airport's new T4
Five more airlines will operate at Changi Airport's new Terminal 4 when it opens in the second half of 2017, airport operator Changi Airport Group (CAG) announced on Thursday.
CPF Advisory Panel seeks public views on alternative investment choices
The CPF (Central Provident Fund) Advisory Panel will be holding two focus group discussions to gather public input on alternative investment choices, said the Ministry of Manpower on Thursday.
Temasek zones in on biotech, consumer stocks to broaden assets
Temasek Holdings is shaking up its asset mix with a push into biotechnology and consumer companies that stand to benefit from aging populations and increasing disposable incomes.
The STI Today
Singapore: STI slides despite China bounce
A rebound in China and Hong Kong failed to stem the bleeding here as the Straits Times Index on Thursday fell 17.59 points to 3,267.40. Volume, which spiked up to S$1.6 billion during Wednesday's 56-point rout, settled down to a more familiar - and weak - level at 1.3 billion units worth S$1.2 billion. Of this, S$764 million or 64 per cent was generated by trading in the 30 STI components.
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International
China’s April car sales swing to contraction despite NEV milestone
UK exits recession with fastest growth in nearly three years
Europe’s rush for rate cuts shifts global market power away from US
China’s push for greener aluminium hit by erratic rains, power cuts
Saudi crown prince to visit Japan
JPMorgan says India index inclusion on track, clients ready