Singapore Wrap Friday
Today's notable stories
Retail sales in June up 6.9% on double-digit surge in motor vehicle sales
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.
Rents for private apartments, condos, HDB flats down in July: SRX
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.
PAP reveals Sembawang GRC line-up, includes former Aljunied GRC candidate Ong Ye Kung
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.
Corporate Earnings
The STI Today
Singapore: Shares close mixed on Friday; STI rises amid a weak broad market
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.
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International
Bank of Korea chief signals readiness to deal with volatile currency moves
Banks told to anticipate risks from using AI, machine learning
Earthquake jolts southern Japan’s Ehime, Kochi prefectures
Climate impacts set to cut 2050 global GPD by nearly a fifth
G7 foreign ministers meet in Italy amid calls for sanctions on Iran
IMF calls for fiscal restraint in year with most elections ever