Singapore Wrap Friday
Today's notable stories
Broker's Take: SMRT could face S$50m fine for disruptions, says Maybank Kim Eng
SMRT could get slapped with a S$50 million fine for its recent July 7 service disruptions, said Maybank Kim Eng on Friday morning.
Two Singapore MPs seek updates on electoral boundaries committee's formation
Singaporeans could get a clearer idea of when the next General Election (GE) might take place when parliament sits again on Monday.
Singapore new office leases drop by half as companies cut costs
Singapore's new office leases declined by more than half as tenants such as Barclays Plc gave up space, while companies including Google Inc moved out of prime office districts to cut costs.
Solvay opens S$50m specialty chemicals plant in Singapore
Belgium-based specialty chemicals firm Solvay opened its S$50 million plant on Jurong Island today. It also announced the expansion of oil and gas research at its research and innovation centre in Singapore.
Singapore Q2 GDP growth seen hit by weak global demand, production: poll
Singapore's economic growth is expected to have slowed down in the second quarter as sluggish global demand hurt the city-state's manufacturing sector, a Reuters poll showed on Friday.
The STI Today
Singapore shares close 0.38 per cent up on Friday
The local market finished 0.38 per cent higher on Friday, with the Straits Times Index moving up 12.48 points to 3,279.88 as Chinese equities rallied and Greek politicians submitted a bailout proposal.
KEYWORDS IN THIS ARTICLE
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International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month