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Singapore Wrap Tuesday

Today's notable stories

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Singapore and Malaysia have decided to push back an initial deadline of 2020 for the completion of a high-speed rail link between the wealthy city state and Kuala Lumpur, both prime ministers said on Tuesday, citing the complexity of the project.

Singapore, Malaysia push back deadline for high-speed rail link

Singapore and Malaysia have decided to push back an initial deadline of 2020 for the completion of a high-speed rail link between the wealthy city state and Kuala Lumpur, both prime ministers said on Tuesday, citing the complexity of the project.


Noble Group Q1 profit falls 30%; offers more disclosures

Noble Group, which has rejected claims of improper accounting, reported a 30 per cent fall in quarterly profit and provided more disclosures related to its fair value contracts.


Osim Q1 net profit down 53% to S$13.5m on massage products weakness

Lifestyle products group Osim International recorded its first double-digit revenue slide in some time, with first-quarter revenue for the three months ended March 31, 2015 down 13 per cent to S$149.8 million, from S$172.6 million a year ago.

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Swiber confirms plans to call perpetual bonds

Swiber Holdings said it planned to call its 9.75% perpetual bonds due on September 25, as scheduled, despite investors' fears that it might not be able to do so.


Singapore: Stocks weaken in line with Hong Kong

Weakening prices amid declining liquidity - this is a combination dreaded by most investors and brokers. Unfortunately, it was a combination that made its presence painfully felt in Tuesday's session, during which the Straits Times Index (STI) was weak throughout the day and ended with an 11.51 point loss at 3,471.19, amid turnover of 1.5 billion units worth S$886 million, thought to be the lowest one-day total in at least three months.

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