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Singapore Wrap Thursday
Today's notable stories
- Corruption in Singapore 'under control': CPIB
Corruption complaints and investigations in Singapore fell to a three-decade low in 2014, the Corrupt Practices Investigation Bureau (CPIB) said on Thursday. The number of people prosecuted as a result of CPIB investigations also dipped to 168 last year, from 179 in 2013, the CPIB said in its first data release of this nature.
- Singapore's customer satisfaction levels hit record high in 2014: study
Singapore's 2014 customer satisfaction levels hit a new high on the back of strong ratings from the finance and insurance sector, said the Institute of Service Excellence at the Singapore Management University (ISES).
- Double-digit wage increases slowing, says study
The days of double-digit salary increases may be coming to an end as employers look to rein in the strong wage growth of the last three years and offer non-financial incentives to attract and retain employees, says a study.
- Tumbling ringgit raises stakes for budget gamblers in Singapore
The Malaysian ringgit's fall to 17-year lows against the Singapore dollar will limit the city state's mass-market gaming revenues even after the opening of Genting Singapore's new hotel close to Malaysia's border, analysts said.
- Singapore ethylene cracker complex successfully upgraded: Shell
Shell on Thursday said it has successfully upgraded its Singapore ethylene cracker complex (ECC), bolstering the company's largest refining-chemicals integrated site.
- Singapore: No interest in blue chips
On Thursday, the Straits Times Index displayed no verve or clear direction, the low volume of 1.4 billion units worth S$926 million one indication of the terminally dull phase the market now finds itself in. It did however, manage a 6.7-point rise to 3,453.75.