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Singapore Wrap Tuesday

Today's notable stories

Singapore short-term interest rates used to set mortgages surged to a seven-year high on speculation central bank activity in the currency market is resulting in rising borrowing costs.

Total employment in Singapore grows 9,700 to 3.63m workers in Q2: MOM

Singapore's total employment in the second quarter of 2015 grew by 9,700 workers, after a contraction of 6,100 in the previous quarter. This brought total employment to 3,627,500 in June 2015, 2.2 per cent higher than a year ago. This year-on-year growth in total employment was 2.7 per cent in March 2015.

Singapore remains top Asean investment pick for big four economies

Singapore remains the top Asean investment pick for the world's big four economies - China, India, Japan, and the US - according to the Institute of Chartered Accountants in England and Wales' (ICAEW) latest Economic Insight report.

Market voices on:

Singapore retail sales up 5.2% in July on surge in car sales

Helped again by a massive increase in motor vehicle sales, Singapore's retail sales rose 5.2 per cent year-on-year in July, according to data released by the Department of Statistics on Tuesday.

Developers' sales plunge 69% in August

Developers' sales of private residential units in Singapore, excluding executive condominiums, fizzled out in August with 495 units sold - representing a 69 per cent plunge from 1,611 units in July.

Hyflux, Mitsubishi Heavy Industries to build new waste-to-energy plant in Tuas

A consortium comprising Singapore-listed Hyflux and its Japanese partner Mitsubishi Heavy Industries has been chosen by the Singapore government to build a new waste-to-energy plant at Tuas South Avenue 3.

The STI Today

Singapore shares close lower on China, US interest-rate concerns

The Straits Times Index on Tuesday fell 29.53 points or one per cent to 2,841.94, a level not seen since June 2012.