Singapore Wrap Friday

National Wages Council's Guidelines

National Wages Council issues guidelines for 2015/2016

Despite weak productivity growth over the past few years, the National Wages Council (NWC), in the release of its wage guidelines for 2015/2016, stressed the importance of focusing on skills to ignite productivity growth and sustain wage increases.

Singapore's exports expected to rebound in next five years: HSBC

Singapore's exports are expected to rebound in the next five years on economic and trade rejuvenation of emerging markets within Asia, specifically the country's key business partners, China, Malaysia and Indonesia.

Moneylenders in Singapore to face more stringent rules: Shanmugam

An interest of not more than four per cent per month, and a late fee of not more than S$60 per month were among the many recommendations unveiled on Friday by the Advisory Committee on moneylending.

Widjaja clan seeking acquisition support in Singapore

Indonesian billionaire Eka Tjipta Widjaja is getting support from Singapore financiers to fund expansion as he bids for a London-listed mining company.

Bank lending in Singapore down 1.1% in April: MAS

Bank lending in April fell for the fifth straight month compared to a month earlier. Business lending was down sharply - the biggest contraction since November 2008 - and consumer loans dipped for the first time since April 2006.

Singapore: Not a good week for stocks as STI drops 1.7% in wake of HK, China selloff

Over the week, the STI lost 58 points or 1.7 per cent at 3,392.11, with Friday's session yielding a 25.66 points drop.