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Singapore Wrap Tuesday

Today's notable stories
Tuesday, October 13, 2015 - 20:00

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Resale prices of non-landed private homes in Singapore's Core Central Region rose 2.8 per cent in September over August.

Resale prices of non-landed private homes in CCR up 2.8% in Sept: SRX

Resale prices of non-landed private homes in Singapore's Core Central Region rose 2.8 per cent in September over August, according to the latest flash estimate from SRX Property.

Small banks face challenges from higher fixed costs: Sibos panel

Small banks have had basic services trimmed by global banks, as a result of heightened regulations, said panel participants at Sibos 2015 on Tuesday. And this, according to larger banks, is a result of higher fixed costs that must be incurred regardless of the size of the corresponding bank.

Market voices on:

Pacts inked to deepen partnership in Sino-Singapore Tianjin Eco-City

Several agreements were inked on Tuesday to broaden and deepen partnership between Singapore and China in the Sino-Singapore Tianjin Eco-City. After the bilateral project's Joint Steering Council Meeting held at Shangri-La Hotel, Singapore's Ministry of National Development and China's Ministry of Housing and Urban-Rural Development signed a memorandum of understanding on four joint collaborative projects in the eco-city.

Singapore's total household wealth down 5.8% to US$1 trillion: report

Total household wealth in current US dollar terms fell by 5.8 per cent to US$1 trillion from mid-2014 to mid-2015, although in domestic currency terms, it rose by 1.8 per cent, according to Credit Suisse Research Institute's sixth annual Global Wealth Report.

Corporate Earnings

The STI Today

Singapore shares close lower on China weakness, fall in Dow futures

Having bounced 245 points in just eight trading sessions, the Straits Times Index (STI) on Tuesday dropped 47.23 points or 1.6 per cent to 2,984.88 in line with weakness in Hong Kong and the Dow futures. Turnover dropped from S$1.4 billion on Monday to 1.3 billion units worth S$1.1 billion though the proportion contributed by trading in the 30 index members at 77 per cent was higher than Monday's 73 per cent.

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