You are here
Singapore Wrap Tuesday
The Singapore economy performed worse than the market had expected in Q2 - expanding 1.7 per cent compared to a year ago - according to advance estimates of gross domestic product (GDP) released by the Ministry of Trade and Industry (MTI) on Tuesday morning.
Resale prices of non-landed private homes have inched up for the second consecutive month, going by the latest data from SRX Property.
Some S$20 million worth of government project opportunities have been created for promising tech firms under the Accreditation@IDA programme within a year of its inception, the Infocomm Development Authority of Singapore (IDA) said on Tuesday.
The integration with the Singapore Airlines (SIA) group is the key element "for a decisive turnaround and also for future sustainable growth" of Tiger Airways, said Lee Lik Hsin, chief executive of the budget carrier.
An external team has been appointed to conduct an independent assessment of the power supply infrastructure and other railway trackside installations along the North-South (NS) and East-West (EW) MRT lines, following the disruption last Tuesday evening.
The STI Today
The Straits Times Index initially rose sharply, possibly thanks to leftover momentum from Friday and Monday's relief rallies, but gains were reversed in the afternoon as the index drifted to 3,316.5 for a nett gain of 5.28 on the day.