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Singapore Wrap Tuesday
Today's notable stories
- From March 2016, CPF savings cannot be used to buy stocks on SGX watch-list
The CPF board on Tuesday said that from March 1 of next year, CPF savings held under the CPF Investment Scheme (CPFIS) will not be allowed to purchase securities on the watch-list of the Singapore Exchange (SGX).
- Resale prices of condos dipped 0.2% in January over December: SRX flash estimate
Resale prices of private condos and apartments dipped 0.2 per cent in January 2015 compared to December 2014, according to flash estimates from SRX Property.
- DBS Q4 net profit misses forecasts on bad debt charges
DBS Group Holdings, Singapore's biggest bank, on Tuesday posted a 4.5 per cent rise in core fourth-quarter net profit and notched up record full-year earnings, but missed analysts' estimates due to higher bad debt provisions and lower trading income.
- Payment performance of Singapore firms improves in Q4 2014
Payment performance of Singapore firms rebounded for the first time in the fourth quarter of 2014 (Q4 2014) after three consecutive quarters of sustained decline, going by the Singapore Commercial Credit Bureau's (SCCB) latest payment report.
- Singapore's healthcare model strengthened to deal with ageing population, changing disease patterns: PM Lee
Singapore's healthcare model, which relies on mandatory personal savings, national health insurance and a co-payment component, has helped prevent costs from spiralling out of control, but an ageing population and changing disease patterns have made it harder to do so.