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Singapore Wrap Wednesday
Singapore's central bank said on Wednesday it would announce its semi-annual monetary policy decision on Oct 14.
Singapore is not immune to growing uncertainty and keener competition in the global economy, said Manpower Minister Lim Swee Say on Wednesday morning.
As Singapore and Malaysia wheeze from cloying smoke generated by forest fires in Indonesia, the costs to tourism and health and productivity in the two countries could be outweighed by the impact on Indonesia itself - and the country's regional reputation.
- Singapore has sent formal request to Indonesia for names of errant firms: MFA
- NTUC FairPrice withdraws all paper products sourced from Asia Pulp & Paper
- SEC, Case push for key retailers to declare they do not purchase materials from firms linked to haze
- SBF, Kadin push for businesses to follow sustainable agricultural practices
Singapore and Malaysia on Wednesday launched a Request for Information (RFI) exercise to gather views from the industry on how to structure the Kuala Lumpur-Singapore High Speed Rail (HSR) project commercially.
United Overseas Bank (UOB) said on Wednesday its cash management revenue grew 42 per cent in the first six months of the year, compared to the same period a year ago, driven by clients seeking long-term expansion into Asia.
The STI today
Once again, it appears that "bad economic news is good for stocks" - Wall Street has rebounded strongly ever since the release of a weak September jobs report last Friday since this suggests that the US Federal Reserve might not raise interest rates any time soon.