Singapore Wrap Thursday

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Singapore services sector business receipts up 3.5% in Q2

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.

Singapore, US institute seek to improve project management

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.

Singapore agri-trader Olam to unveil partnership with Japanese peer: sources

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, Lion Global create private-equity fund with external investors

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

STI climbs 2.5% at close

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.