Singapore Wrap Tuesday

Singapore inflation edges up to -0.4% in May

As expected, Singapore's headline inflation rate stayed in negative territory for the seventh straight month in May, although it edged up to -0.4 per cent from -0.5 per cent in April.

PM Lee unveils S$3.5 billion Pasir Panjang Terminal expansion

A S$3.5 billion project to add 15 mega berths to the Pasir Panjang container terminal was officially opened on Tuesday by Prime Minister Lee Hsien Loong.

Business sentiment among SMEs dips for third consecutive quarter

Business outlook among small and medium enterprises (SMEs) in Singapore has moderated further for a third consecutive quarter, according to the latest SBF-DP SME Index.

Singapore yards alleged to be part of Brazil bribe scandal

Singaporean shipbuilders Keppel Fels Ltd and Jurong Shipyard Pte are sinking deeper into a graft scandal that has transfixed Brazil and buffeted local oil industry suppliers.

East Asia bond markets growth moderates in Q1, Singapore is largest Asean bond issuer in that quarter

The local currency bond market in emerging East Asia continued to expand in Q1 2015 to reach US$8.3 trillion at end-March, said the Asian Development Bank (ADB) on Tuesday.

The STI Today

Singapore shares close 0.7% higher on Tuesday

Singapore shares closed 0.7 per cent higher on Tuesday, with the Straits Times Index (STI) up 24.65 points to 3339.78, as optimism rose over Greece and its international creditors being able to reach a debt reform deal that might avert a default and potential eurozone exit.