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Singapore General Election
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The Ministerial Committee on Ageing has unveiled key new features of a S$3 billion national plan to help Singaporeans age well, and build and maintain strong bonds within the family and in the community.
Singapore's industrial output fell far more than expected in July, marking the sixth straight month of contraction. Factory output declined 6.1 per cent year on year during the month, with all clusters save chemicals posting a drop in production.
The 3-month swap offer rate (SOR) has jumped again, it was quoted at 1.40236 on Tuesday, a level last seen in January 2009.
The ANZ-Roy Morgan Singapore Consumer Confidence index rose to 130.5 in August - the highest in more than a year - primarily driven by an increase in the number of local respondents who felt that now is a "good time to buy" major household items, keeping the index elevated above its long-term average of 123.1 points.
The STI Today
Weakness set in again in the Singapore market on Tuesday after a respite the day before proved brief. The Straits Times Index finished 0.5 per cent lower, falling 13.29 points to 2,873 as a rate cut in China failed to prevent another slide in the Shanghai market.