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Singapore Wrap Friday
- Straco Q1 earnings soar 60.5% on Singapore Flyer turnaround
- Frasers Centrepoint Q2 net profit doubles on fair value change
- Perennial posts S$24.7m profit for October-March period
- OUE Q1 profit plunges 91.8% in absence of one-off gains
- Ascendas Hospitality Trust posts higher Q4 DPS
- Aspial's Q1 profit dips 92% to S$2.26 million
- Sing Holdings Q1 loss widens to S$949,000, dragged by uncompleted project
UK bus operator Tower Transit Group Limited edged out local operators SBS Transit, SMRT Buses and Woodlands Transport, and players from France, Australia and the UK to clinch the first tendered bus package from the Land Transport Authority (LTA) under the new Government Contracting Model.
The Singapore government on Friday announced measures to help companies, particularly small and medium enterprises (SMEs), understand the Personal Data Protection Act (PDPA), which has been in force since July 2, 2014.
Commodity trader Noble Group has been re-admitted to the trading processes used to set global oil prices by reporting agency Platts, after having been barred from full participation in April, according to two people familiar with the matter.
Singapore has the seventh-highest expatriate-pay packages in Asia-Pacific, down from last year's sixth position, despite the rise of pay-package costs over 12 months, said ECA International on Friday.
Between Monday and Thursday, the Straits Times Index (STI) dropped 55 points, a loss that was reduced by Friday's 19.23 point bounce to 3,452.01. For the week, the index recorded a 35 point or one per cent fall.