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Singapore Wrap Monday

Today's notable stories

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The Aljunied-Hougang-Punggol East Town Council (AHPETC) is in dispute with its former managing agent, FM Solutions and Services (FMSS), over payment that it claims it should receive from the town council, the Workers' Party (WP) chairman Sylvia Lim told the media on Monday.

Singapore General Election

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Average development charge for industrial use trimmed 3%

The government has trimmed development charge rates - payable for enhancing the use of some sites or to build bigger projects on them - for industrial use by an average of 3 per cent.

Market voices on:

Growth in bank lending in Singapore eases to 0.6% in July: MAS

Bank lending in July rose from June, but by a smaller extent compared to a month ago, preliminary data from the Monetary Authority of Singapore (MAS) showed on Monday. This reflected weaker growth in business lending, given the big boost in construction loans in June.

BOC Aviation H1 profit up 5%, trims gearing

BOC Aviation's first-half profit after tax rose 5 per cent to US$171.5 million while gross debt to equity improved slightly to 3.9 times from 4.0 times, the aircraft leasing company announced.

The STI Today

Singapore stocks close lower, hit by China volatility and US rate hike fears

Renewed volatility in China and Hong Kong on Monday and worries of a US rate hike possibly as early as next week ensured that the local stock market kicked off the week on a down note. The Straits Times Index dropped 34.5 points or 1.2 per cent to 2,921.44.