Singapore Wrap Tuesday
Today's notable stories
Singapore Q2 GDP grows 1.7% year-on-year, below expectations
The Singapore economy performed worse than the market had expected in Q2 - expanding 1.7 per cent compared to a year ago - according to advance estimates of gross domestic product (GDP) released by the Ministry of Trade and Industry (MTI) on Tuesday morning.
Resale prices of non-landed private homes up 0.4 % in June, volume down 10%: SRX
Resale prices of non-landed private homes have inched up for the second consecutive month, going by the latest data from SRX Property.
S$20m govt projects created for Singapore tech firms, says IDA
Some S$20 million worth of government project opportunities have been created for promising tech firms under the Accreditation@IDA programme within a year of its inception, the Infocomm Development Authority of Singapore (IDA) said on Tuesday.
Key element in place for 'decisive turnaround': Tiger CEO
The integration with the Singapore Airlines (SIA) group is the key element "for a decisive turnaround and also for future sustainable growth" of Tiger Airways, said Lee Lik Hsin, chief executive of the budget carrier.
Independent team to assess North-South, East-West MRT lines
An external team has been appointed to conduct an independent assessment of the power supply infrastructure and other railway trackside installations along the North-South (NS) and East-West (EW) MRT lines, following the disruption last Tuesday evening.
The STI Today
Singapore stocks close mixed in quiet trading
The Straits Times Index initially rose sharply, possibly thanks to leftover momentum from Friday and Monday's relief rallies, but gains were reversed in the afternoon as the index drifted to 3,316.5 for a nett gain of 5.28 on the day.
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International
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month
China firms are investing abroad at fastest pace in eight years
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs