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Singapore Wrap Tuesday
Today's notable stories
- Singapore Budget Debate: Housing, ministerial pay and sectoral boosts
Members of Parliament debated a wide-ranging set of issues on Tuesday, as they heard from the Ministry of Communications and Information, the Prime Minister's Office, the Ministry of Law and the Ministry of National Development.
Khaw wants to see 'soft landing' for housing market
- Condo resale prices remain flat in February, again: SRX flash estimates
Resale prices of condominiums and private apartments remained flat in February this year compared to January, according to flash estimates released by SRX Property on Tuesday.
- Singapore Exchange in early talks for regional rubber bourse: sources
The Singapore Exchange (SGX) is in preliminary talks to be part of a regional rubber exchange that would bring together the top three producing nations, industry sources said.
- Singapore Transport Minister 'extremely concerned' about LRT disruption
Transport Minister Lui Tuck Yew said he is "extremely concerned" about the ongoing disruption to the Bukit Panjang Light Rail Transit (BPLRT) services.
- S-Reits fall; Singapore government bond yields rise after positive US jobs report
Singapore real estate investment trusts (S-Reits) saw drawdowns on Monday on elevated volumes, while yields on Singapore's 10-year government bonds climbed 10 basis points to 2.4 per cent, a new high since October 2014, putting pressure on bond prices here.
- Singapore: Prices slide amid Wall Street volatility
The Straits Times Index on Tuesday slipped 6.31 points to 3,398.26 in a listless and weak session. Traders said volatility on Wall Street created by interest rate worries was casting uncertainty around world markets and affecting overall sentiment. Volume here amounted to 1.2 billion units worth S$1.2 billion and excluding warrants there were 174 rises versus 250 falls.