Singapore Wrap Thursday
Today's notable stories
41% spike in May-July COE quota
There will be a whopping 41.1 per cent more certificates of entitlement (COEs) from next month onwards.
Women's presence on Singapore boards edges up to 8.8% in 2014: report
Female representation on the boards of Singapore's listed companies grew slightly in 2014, but remained below levels at many other major markets, according to a new report by the Diversity Action Committee (DAC).
Consumers urged to give feedback on financial advisers amid new assessment rules
Consumers in Singapore have been encouraged to provide feedback on financial advisers as part of a new assessment requirement for them.
A*Star inks partnerships to boost productivity and tech adoption in SMEs
To improve productivity and encourage more small and medium-sized enterprises (SMEs) to adopt technologies, the Agency for Science, Technology and Research (A*Star) is partnering Spring Singapore, the Singapore Productivity Centre (SPC), and NTUC Health separately.
Corporate Earnings
Singapore: Blue chips weaken but pennies remain the focus
Having already risen about 80 points in the previous four consecutive trading sessions, the Straits Times Index on Thursday fell back by 8.34 points to 3,531.61. Rotational punting of penny stocks in the meantime, continued in full force, with new names such as Ntegrator, Federal International and Otto Marine entering the actives list.
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International
Luxury sector outlook clouded by China’s slow recovery
TikTok CEO expects to defeat US restrictions: ‘We aren’t going anywhere’
TikTok artists and advertisers to stay with app until ‘door slams shut’
Biden signs Ukraine aid, TikTok ban Bills after Republican battle
UAE announces US$544 million for rain repairs, says lessons 'learned'
HSBC says growing Chinese wealth fuels client investments in US