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Singapore Wrap Tuesday
As expected, Singapore's headline inflation rate stayed in negative territory for the seventh straight month in May, although it edged up to -0.4 per cent from -0.5 per cent in April.
- Quick takes: Fall in Singapore consumer prices unlikely to prompt monetary policy change: economists
A S$3.5 billion project to add 15 mega berths to the Pasir Panjang container terminal was officially opened on Tuesday by Prime Minister Lee Hsien Loong.
Business outlook among small and medium enterprises (SMEs) in Singapore has moderated further for a third consecutive quarter, according to the latest SBF-DP SME Index.
Singaporean shipbuilders Keppel Fels Ltd and Jurong Shipyard Pte are sinking deeper into a graft scandal that has transfixed Brazil and buffeted local oil industry suppliers.
The local currency bond market in emerging East Asia continued to expand in Q1 2015 to reach US$8.3 trillion at end-March, said the Asian Development Bank (ADB) on Tuesday.
The STI Today
Singapore shares closed 0.7 per cent higher on Tuesday, with the Straits Times Index (STI) up 24.65 points to 3339.78, as optimism rose over Greece and its international creditors being able to reach a debt reform deal that might avert a default and potential eurozone exit.