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Business receipts for the services industry in Singapore rose 3.5 per cent year on year in the second quarter of 2015, with all but the recreation & personal services segment experiencing turnover growth, data released by the Department of Statistics on Thursday showed.
The new industry-led productivity council for the process, construction and maintenance sector - key to the support of the large energy and chemicals industry in Singapore - has started a three-year partnership with the Austin, Texas-based Construction Industry Institute to study and implement best practices for project management.
Agri-trader Olam International, majority owned by Singapore state investor Temasek, is set to announce a strategic partnership with a Japanese peer, people familiar with the matter said on Thursday after Olam halted trading of its stock.
OCBC Bank and its asset management subsidiary Lion Global Investors announced on Thursday that the Lion-OCBC Capital Asia Fund I, L.P. has closed successfully.
The STI Today
Singapore stocks reversed course for the fourth time in four days to gain 2.5 per cent, or 72.43 points, for a 2,945.43 close on Thursday following dovish remarks by a US central banker.