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Singapore Wrap Tuesday
Singapore's total employment in the second quarter of 2015 grew by 9,700 workers, after a contraction of 6,100 in the previous quarter. This brought total employment to 3,627,500 in June 2015, 2.2 per cent higher than a year ago. This year-on-year growth in total employment was 2.7 per cent in March 2015.
Singapore remains the top Asean investment pick for the world's big four economies - China, India, Japan, and the US - according to the Institute of Chartered Accountants in England and Wales' (ICAEW) latest Economic Insight report.
Helped again by a massive increase in motor vehicle sales, Singapore's retail sales rose 5.2 per cent year-on-year in July, according to data released by the Department of Statistics on Tuesday.
Developers' sales of private residential units in Singapore, excluding executive condominiums, fizzled out in August with 495 units sold - representing a 69 per cent plunge from 1,611 units in July.
A consortium comprising Singapore-listed Hyflux and its Japanese partner Mitsubishi Heavy Industries has been chosen by the Singapore government to build a new waste-to-energy plant at Tuas South Avenue 3.
The STI Today
The Straits Times Index on Tuesday fell 29.53 points or one per cent to 2,841.94, a level not seen since June 2012.