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Singapore Wrap Tuesday
Today's notable stories
- STB expects flat to moderate growth for Singapore tourism industry
Given persistent headwinds, the Singapore Tourism Board expects flat to moderate growth for the tourism industry this year. Visitor arrivals are expected to clock 15.1 to 15.5 million with tourism receipts at S$23.5 billion to S$24 billion.
- Private equity deals in Asia-Pacific hit new high in 2014
Temasek Holdings claimed the region's biggest deal with its US$5.7 billion investment in Hong Kong-based beauty retailer AS Watson Group.
- Singapore to release monetary policy statement, Q1 advance GDP on April 14
Singapore's central bank will be issuing its semi-annual monetary policy statement on April 14. The statement will be released at 8am, the Monetary Authority of Singapore said on its website.
- Singapore bond bankers vie for deals as OCBC closes gap on DBS
Oversea-Chinese Banking Corp is closing the gap on top-ranked Singapore dollar bond arranger DBS Group Holdings Ltd, trailing by the narrowest margin on record last quarter.
- New web portal to compare life insurance products
Consumers are now able to compare more than 200 life insurance products that are available on the retail market through an online aggregator, compareFIRST (www.comparefirst.sg).
- Singapore: STI rises on Wall Street rally
A firm Tuesday session saw the Straits Times Index adding 12.71 points at 3,465.62, although the real action once again lay in penny stocks.