You are here
Singapore Wrap Monday
Here's a round-up of today's Singapore headlines:
The Jurong Country Club (JCC) golf course site has been chosen as the location for the Singapore terminal of the high-speed rail (HSR) link with Kuala Lumpur. The Singapore Land Authority (SLA) gazetted the acquisition of the Jurong Country Club site on Monday.
From today's Parliament sitting:
- Singapore could potentially issue between S$2b to S$4b in new savings bonds
- Singapore's 4th telco must spur competition and bring innovation: minister
- Oversupply in Iskandar Malaysia may lead to fall in prices: Lawrence Wong
- China Fishery's Q2 profit down 75.5% to US$4.3m
- First Resources' Q1 profit falls 38.5%, hit by lower palm-oil prices
- Vallianz's Q1 profit rises 5% to US$4.97m
- Centurion's Q1 profit falls 58% in the absence of one-off item
- Wheelock Properties Q1 profit falls 14% to S$12.26m
- Vicom's Q1 profit up 5.1% to S$8.42m
- Sim Lian Q3 net profit jumps more than five times
- MTQ books Q4 loss of S$6.53m from goodwill impairment charge
With data centres being the core infrastructure for Singapore's Smart Nation initiative, the government on Monday announced the launch of a green data centre innovation programme (GDCIP) to raise energy efficiency of the data centre industry in the country.
The Singapore Ministry of Law (MinLaw) is seeking to have most first-time bankrupts discharged five to seven years after the bankruptcy order, under proposed amendments to the Bankruptcy Act.
Singapore's economic growth is likely to remain subdued amid record tightness in the labour market, but the city-state will continue to outperform most of its developed world peers in terms of real economic growth over the coming decade, BMI Research said on Monday.
Gains in the three banks and Singtel helped the Straits Times Index (STI) rise 18.79 points to 3,470.80 on Monday, albeit in one of the lowest one-day turnovers this year - 1.1 billion units worth S$801.7 million.