Singapore Wrap Friday
Today's notable stories
Retail sales in June up 6.9% on double-digit surge in motor vehicle sales
Retail sales for June rose 6.9 per cent year on year, bolstered by a double-digit jump in sales of motor vehicles. Stripping out motor vehicle sales, sales for June actually fell 3 per cent, according to a release from the Department of Statistics on Friday.
Rents for private apartments, condos, HDB flats down in July: SRX
Rentals for private condos and apartments in Singapore eased 0.3 per cent in July compared to June, led by a 0.4 per cent month-on-month fall in rents in Core Central Region, according to the July flash estimate released by SRX Property on Friday.
PAP reveals Sembawang GRC line-up, includes former Aljunied GRC candidate Ong Ye Kung
Mr Ong Ye Kung, 45, director of group strategy at Keppel Corporation, will make his second attempt at getting into Parliament at the coming election.
Former Jade Technologies director Anthony Soh was on Friday sentenced to eight years and nine months' imprisonment and slapped with a S$50,000 fine after he was convicted on 39 charges.
Corporate Earnings
The STI Today
Singapore: Shares close mixed on Friday; STI rises amid a weak broad market
Local traders returned on Tuesday after a long National Day holiday weekend to news that China had decided to devalue its yuan, a shock move that sparked fears of a currency war and triggered waves of selling in global equities.
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International
China says Hamas and Fatah express will for reconciliation
US consumer confidence at lowest level since 2022
Record gold prices boost recycling: WGC
Malaysian fast food operator QSR shelves IPO plans amid boycott campaign: sources
WHO warns of bird flu risk spreading to cows outside US
Sri Lanka’s key inflation rate rises to 1.5% in April