Singapore Wrap Wednesday

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Forecasters lower Singapore growth and inflation projections for 2015

Singapore's economic forecasters have tempered both their growth and inflation expectations for 2015, according to a Monetary Authority of Singapore quarterly survey released on Wednesday.

Shunfu Ville up for sale, owners expect offers in excess of S$688m

Shunfu Ville, a privatised former HUDC estate on Marymount Road, launched its collective sale by tender on Wednesday, confirming a report by The Business Times in July.

3-month SOR jumps to 1.54% on continued China economic weakness

Singapore interest rates have jumped again as Asian currencies get hammered by continued economic weakness in China.

CapitaLand's Ascott bags four contracts in Asia

CapitaLand's serviced residence arm The Ascott has clinched four contracts to manage more than 850 units in Asia, the real estate company announced on Wednesday after the market opened.

The STI Today

Singapore stocks close weaker as STI tracks Dow futures, China volatility

The Straits Times Index on Wednesday moved in tandem with the US futures market as traders tried to anticipate how Wall Street might perform during its Wednesday session.