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Singapore Wrap Monday
Today's notable stories
- Singapore to launch savings bond programme in second half of 2015
The Singapore government plans to launch its savings bonds programme in the second half of 2015, the Monetary Authority of Singapore announced on Monday.
- No subletting of HDB industrial properties from June 1, 2015
New and existing tenants of HDB industrial properties will not be allowed to sublet their industrial properties from June 1, 2015, the Housing and Development Board said on Monday.
- Singapore business sentiment improves: credit bureau
Singapore businesses are slightly more optimistic about the next three months, the first uptick in sentiment in three quarters, according to the Singapore Commercial Credit Bureau (SCCB).
- Coutts acquisition priced 'far lower' than US$1b: UBP executive
The acquisition of Coutts International by Union Bancaire Privée (UBP) was priced "far lower" than US$1 billion, UBP's top executive said on Monday. "One billion was an assessment if it was a share deal," Michel Longhini, executive managing director at the Swiss private bank, told The Business Times in Singapore.
- Abbott launches nutrition pilot plant in Singapore
Global healthcare company Abbott has opened its first nutrition pilot plant in Asia here in Singapore.
- Singapore: Penny stocks in play
The Straits Times Index managed a 4.16 points gain at 3,454.26 on the second last trading day of the quarter, not a great outcome for those who bought at the end of last week in anticipation of a window-dressing push, but then again, there is still one more day to go. It was the index's fifth consecutive rise and the advance-decline score was 228-188 excluding warrants.