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Singapore Wrap Monday
Developers' sales surged to 1,594 private homes in July 2015 from 375 units in June, according to figures released by the Urban Redevelopment Authority on Monday.
A slide in non-electronics shipments dragged down Singapore's overall non-oil domestic exports (NODX) in July.
Consumer confidence in Singapore has gained steadily, reaching a high of 65.3 index points in mid-2015, according to the MasterCard Index of Consumer Confidence.
People's Action Party (PAP) MP Sitoh Yih Pin has given himself a 50:50 chance of keeping his seat in Potong Pasir in the coming general election (GE). "When you only win by 114 votes and you've lost twice, you take nothing for granted," Mr Sitoh told reporters at a press conference announcing he would be standing for re-election.
Noble Group is open to selling its core businesses, its chief executive said, as Asia's biggest commodities trader pursues options to boost market confidence after a bruising accounting dispute.
The STI Today
Monday's column said there was not much to be optimistic about when it comes to the stock market and that when the short-covering which lifted the Straits Times Index at the end of last week was finished, it was likely that weakness would set in. As it turned out, this was an accurate forecast - the Straits Times Index dropped 46.9 points or 1.5 per cent to 3,067.35 on Monday, volume was a weak 1.3 billion units worth S$1.06 billion and excluding warrants, the advance-decline score was 110-346.