Singapore Wrap Tuesday

Singapore Economy

Singapore's Q1 GDP growth better than expected at 2.6%

The Singapore economy grew a better-than-expected 2.6 per cent year-on-year in the first quarter of 2015, despite a contraction in the manufacturing sector, the Ministry of Trade and Industry (MTI) said on Tuesday morning.

Mitsui & Co takes stake in Singapore apparel retailer Triple

Tokyo-listed Mitsui & Co, one of Japan's largest general trading companies, has invested in local apparel retailer Triple Pte Ltd, both parties announced on Tuesday.

Phoon Huat said to start sale process

Phoon Huat & Co, the Singapore company that's been selling baking ingredients such as pie fillings and confectioners' sugar since 1947, is seeking a buyer, people with knowledge of the matter said.

3-month Sibor down 20% from April high

The key three-month Sibor or Singapore interbank offered rate has fallen almost 20 per cent from the year high of 1.027 per cent on April 9.

Far East, Sino Land buy Westin Sydney, Heritage Retail podium for A$445m from GIC

Singapore's Far East Organization has teamed up with its Hong Kong-listed sister company Sino Land for a A$445.33 million (S$467.72 million) acquisition of The Westin Sydney and its adjoining Heritage Retail podium.

The STI Today

Singapore: STI falls marginally by 0.02% on Tuesday

The Straits Times Index closed flat on Tuesday, falling marginally by 0.9 points to 3,459.98.