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Singapore Wrap Tuesday
Singapore's total bank lending grew in May for the first time in four months on stronger demand for credit for general commerce and financial institutions, central bank data showed on Tuesday.
The Urban Redevelopment Authority on Tuesday released a second commercial site at Woodlands Regional Centre, which is available for sale under the reserve list of the first-half 2015 Government Land Sales programme.
The Housing & Development Board and JTC Corporation have launched two confirmed sites and one reserve-list site under the first-half 2015 Industrial Government Land Sales programme.
Electricity tariffs in Singapore will increase by an average of 1.5 Singapore cents per kilowatt-hour, or 7.5 per cent, in the third quarter of this year from the second quarter, SP Services said in a statement on Tuesday.
Singapore Exchange and Spring Singapore are collaborating to support small and medium enterprises in building their financial management capabilities.
United Overseas Bank Group is ramping up its activities in Myanmar as companies invest in the country's economic transformation.
The STI Today
Either China's reversal played a big part in triggering Tuesday's rebound or investors were betting that Greece exiting the eurozone will be no big deal. Or equally likely was that trading programmes were indulging in large doses of short-covering in anticipation of doing the same on Wall Street on Tuesday.