Singapore Wrap Monday
Today's notable stories
Reits' earnings
Local telco M1 reported a 6.6 per cent rise in net profit to S$45.7 million for the first quarter of 2015 on Monday on a revenue of S$294.8 million, up 22.8 per cent over S$240.2 million one year ago. READ MORE.
Singapore: Penny stocks rule even as STI rises to 7-year high
The Straits Times Index may have risen 12.01 points to 3,484.39 on Monday, its highest closing in about seven years but you wouldn't know it speaking to dealers since the action and excitement was mostly in churning penny stocks - the lower priced, the better. READ MORE.
National Wages Council has new chairman
Peter Seah is taking over as the new National Wages Council (NWC) chairman. He succeeds Professor Lim Pin who was chairman of the NWC from 2001 to 2014. READ MORE.
No immediate decision to demolish Lee Kuan Yew's Oxley Road house: PM Lee
There is no need to make an immediate decision regarding the demolition of the house owned by Singapore's founding prime minister, Lee Kuan Yew, said his eldest son, Prime Minister Lee Hsien Loong, in parliament on Monday. READ MORE.
Hot stock: LHN retreats from early gains
Shares of real estate management services firm LHN Limited, which debuted on Catalist on Monday, lost ground from early-trading gains. READ MORE.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month