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Singapore Wrap Tuesday

Today's notable stories

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Singapore's total bank lending grew in May for the first time in four months on stronger demand for credit for general commerce and financial institutions, central bank data showed on Tuesday.

Singapore May bank lending grows for first time since Jan

Singapore's total bank lending grew in May for the first time in four months on stronger demand for credit for general commerce and financial institutions, central bank data showed on Tuesday.


Real Estate

The Urban Redevelopment Authority on Tuesday released a second commercial site at Woodlands Regional Centre, which is available for sale under the reserve list of the first-half 2015 Government Land Sales programme.

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Market voices on:

The Housing & Development Board and JTC Corporation have launched two confirmed sites and one reserve-list site under the first-half 2015 Industrial Government Land Sales programme.


Singapore power tariffs to be up by 7.5% in Q3

Electricity tariffs in Singapore will increase by an average of 1.5 Singapore cents per kilowatt-hour, or 7.5 per cent, in the third quarter of this year from the second quarter, SP Services said in a statement on Tuesday.


SGX, Spring collaborate to help SMEs build financial management capabilities

Singapore Exchange and Spring Singapore are collaborating to support small and medium enterprises in building their financial management capabilities.


UOB helping clients invest in Myanmar

United Overseas Bank Group is ramping up its activities in Myanmar as companies invest in the country's economic transformation.


The STI Today

Singapore shares close on a rebound that pushes up STI

Either China's reversal played a big part in triggering Tuesday's rebound or investors were betting that Greece exiting the eurozone will be no big deal. Or equally likely was that trading programmes were indulging in large doses of short-covering in anticipation of doing the same on Wall Street on Tuesday.

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