Singapore Wrap Friday
Today's notable stories
Singapore's electoral boundaries report out, 16 GRCs and 13 SMCs for next general election
There will be 89 Members of Parliament after Singapore's next General Election (GE) is over, two more than the current batch of 87.
Singapore public housing resale prices slipped 0.4% in Q2: HDB
HDB resale prices in Singapore slipped 0.4 per cent in the second quarter compared to the first quarter, the final figures from the Housing & Development Board show.
Singapore's June manufacturing output down 4.4%
Singapore's manufacturing sector contracted for the fifth straight month in June, with industrial output down 4.4 per cent on a year-on-year basis due to broad-based declines in all clusters save chemicals.
Private home prices, rents continue to fall in Q2, URA data show
The Urban Redevelopment Authority's (URA) private-home price index slipped 0.9 per cent in the second quarter of this year over the previous quarter.
Singapore office rents down 2.6% in Q2: URA
Prices of office space in Singapore rose 0.3 per cent quarter on quarter in the second quarter of this year, compared to a drop of 0.1 per cent in Q1.
Corporate Earnings
The STI Today
Singapore shares close lower despite large gains in some penny stocks
Penny stocks led the local market this week, though without the entry of a significant number of retail players. The momentum of the first half tapered off in the second.
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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