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Singapore Wrap Wednesday
Today's notable stories
- Businesses pay tribute to Lee Kuan Yew
Some of the country's leading companies are taking a pause to pay tribute to Singapore's founding father, Lee Kuan Yew.
Update: Lying in state to be open 24 hours daily until 8pm on March 28; public transport hours extended
Update: New Zealand ministers pay special tributes to Lee Kuan Yew in Parliament
Singapore's Sikhs pay tribute to Lee Kuan Yew
- Singapore's bond market continues to sizzle
The local bond market continues to sizzle even as interest rates rise to multi-year highs. In the three weeks of March, over S$2.4 billion was raised from 16 issues against S$1.6 billion and 13 deals in the same period last year.
- NOL's allure as takeover candidate grows after unit sale
The shipping company that helped cement Singapore's status as a global trade hub may be shaping up as a takeover candidate.
Brokers' Take: Goldman Sachs upgrades NOL to 'buy' on brighter trans-Pac outlook
- ANZ-Roy Morgan Singapore Consumer Confidence index hits 8-month high
The ANZ-Roy Morgan Singapore Consumer Confidence index rose 3.8 points in March to hit an eight-month high of 124.5 on expectations of better personal financial situations.
- JTC awards two industrial sites at Tuas South Street
JTC Corporation said on Wednesday that it has awarded the tenders for two industrial sites at Tuas South Street 11 and Tuas South Street 7.
- Singapore: Stocks inch higher in muted trading; Wall Street rebound expected
At the end of Wednesday's session in which the STI rose 5.76 points to 3,419.02, the year-to-date performance stands at just 1.6 per cent, feeble by most standard given zero interest rates and a supposedly recovering US economy.