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Singapore Wrap Friday
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.
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.
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.
- Olam's Q2 net profit nearly triples
- ST Engineering reports 6% slide in Q2 profit
- Ezion posts 36% drop in Q2 profit
- OUE swings into the red in Q2 after fair-value losses
- Wheelock Properties' Q2 earnings slip 85.3%; revenue triples
The STI Today
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.