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Singapore Wrap Wednesday
The Ministry of National Development (MND) has decided to delay the September build-to-order (BTO) launch by a few weeks, so that three housing policies that were recently tweaked can benefit as many Singaporeans as possible, starting from the very next BTO launch.
In its financial year 2014/15, the Inland Revenue Authority of Singapore (Iras) collected a total of S$43.4 billion in tax revenue, 4.4 per cent higher than the collection in FY2013/14.
Passenger car certificate of entitlement (COE) premiums fell on Wednesday amid what appears to be an industry-wide slump in demand for new vehicles.
Consumer confidence in Singapore retreated by 0.9 points to 129.6 in September on increased concerns about Singapore's economy over the next five years. This was according to the ANZ-Roy Morgan Singapore Consumer Confidence index.
The Land Transport Authority (LTA) has slapped a S$5.4 million fine on SMRT Corp for the massive breakdown of its North-South and East-West lines on July 7.
The STI Today
The Straits Times Index on Wednesday was hit by a combination of factors - a 2.2 per cent loss in the Shanghai Composite after news that China's PMI has slumped to a six-year low, a 2.3 per cent fall in Hong Kong's Hang Seng Index and perhaps most relevantly, an early 150 points loss for the Dow futures contract that suggested Wall Street on Wednesday would add to its Tuesday loss.