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Singapore Wrap Friday
Manufacturing firms are looking a little less optimistic about the second half of 2015, according to a quarterly Economic Development Board (EDB) survey report released on Friday.
Firms in Singapore's services sector remain as upbeat about their short-term business prospects as they were a quarter ago. On a year-ago basis, however, optimism has dropped far lower.
Noble Group Ltd plunged to extend its biggest monthly drop in 16 years after the Singapore bourse issued a warning on the company's shares amid a slump in commodity prices.
Singapore's total bank lending in June hit a five-month high on a rise in loans to the building and construction sector, as well as general commerce, central bank data showed on Friday.
The Land Transport Authority (LTA) on Friday handed over the Bulim Bus Depot to Tower Transit Singapore which will operate 26 bus services out of the depot from mid-2016. The depot is located off Jurong West Avenue 2 and spans almost 10 hectares.
- UOB's Q2 net profit falls 5.7% on weaker treasury and investment income
- OCBC's Q2 net profit up 14% to a record S$1.05 billion
- Indofood Agri's Q2 earnings plummet 99%
- GLP Q1 profits grow 49% to US$268 million
- Jardine C&C's H1 profit falls 16%; revenue down 13%
The STI Today
Singapore shares closed lower on Friday with the key Straits Times Index losing 47.02 points or 1.45 per cent to 3,202.5.