Singapore Wrap Wednesday
Today's notable stories
MOM unveils scheme to help progressive SMEs grow amid a manpower-lean economy
The Ministry of Manpower (MOM) on Wednesday announced a scheme to help progressive small and medium enterprises (SMEs) transform and grow in the new manpower-lean landscape.
Over 70 BTO projects in next 5 years to come with 2-room Flexi flats
Unveiling details of the new 2-room Flexi scheme on Wednesday, the Housing & Development Board said it will be launching more than 70 build-to-order projects with 2-room Flexi flats in the next five years.
It was a mixed performance for Certificate of Entitlement (COE) premiums at the close of the latest round of bidding on Wednesday, with COEs for small cars, big cars and the open category rising.
Singapore's Jurong Aromatics said in debt talks after oil plunge
Jurong Aromatics Corp, operator of one of the world's largest petrochemical plants, can't service its interest payments and is negotiating a debt restructuring with bankers amid a plunge in oil prices, people familiar said.
Singapore General Election
The STI Today
Singapore: Shares close 0.3% down
Local shares slipped a further 0.3 per cent on Wednesday as a continued sell-off in commodities deepened fears of a slowdown in China's economy.
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International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons