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Singapore Wrap Tuesday
Singapore is the second hottest city in the world - after Tokyo - for new retailer expansion, having attracted some 58 new retail brands in 2014, according to the latest report by global property adviser CBRE, "How Global is the Business of Retail?"
The Singapore Commercial Credit Bureau (SCCB) and Hospitality Alliance Singapore (HAS) on Tuesday jointly announced the launch of the all-new SCCB Hospitality Credit Report, which seeks to meet the growing demand for risk management needs in the Singapore hospitality industry.
United Overseas Bank (UOB) said on Tuesday that its foreign direct investment (FDI) advisory unit has registered a doubling of clients in the last year, as corporates look to deepen business ties in South-east Asia.
Singapore Post (SingPost) has emerged as the first logistics partner of the Alibaba Merchant Delivery Scheme launched on Tuesday by Alibaba.com (the global wholesale trade arm of Alibaba Group), set up to provide members with logistics solutions and consultation services in cooperation with logistic partners in various countries.
Commodity trader Noble Group on Tuesday announced that it has successfully closed a US$2.3 billion committed unsecured revolving loan facility from 35 global banks.
On Tuesday, the Straits Times Index (STI) dropped 5.53 points to 3,454.04 with turnover amounting to 1.8 billion units worth S$973 million.