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Singapore Wrap Tuesday

Today's notable stories

The Monetary Authority of Singapore (MAS) defied the majority of expectations on Tuesday, keeping its monetary policy stance unchanged.

Macroeconomic News

Company Earnings

  • First Reit: Record DPU of 2.06 Singapore cents for Q1
  • Keppel T&T: Q1 profit up 2% despite decline in revenue
  • SPH: Q2 profit falls 14.4% with growth limited to property

SME payments in Q1 slow to near three-year low

Small and medium-sized enterprises (SMEs) took 44 days to settle their accounts in the first quarter of this year - translating into the slowest rate of payment since the second quarter of 2012, data from DP Information Group showed on Tuesday.

Temasek is single-largest foreign investor in Chinese banks: report

Singapore's Temasek Holdings is the single-largest foreign investor in Chinese banks, data from SNL Financial on Tuesday showed.

Private home resale prices nearly flat, transactions rise 31% in March: SRX

Non-landed private residential resale prices dipped 0.2 per cent in March 2015, compared to February, but resale volume rose 31 per cent from a low base.

Great Eastern sells most of stake in China Life for HK$4.31 billion

Great Eastern Holdings said on Tuesday it has sold HK$4.31 billion (S$763 million) worth of shares in Hong Kong-listed China Life Insurance Company through its subsidiaries.

Singapore: SGX's surge helps STI cross 3,500 as penny punting continues

A continuation of the surge in the shares of the Singapore Exchange (SGX) was one of the highlights of trading on Tuesday, the others being a sudden 36.69 points or 1.05 per cent upward thrust in the Straits Times Index to 3,521.88 and a continued focus on low-priced penny stocks with all 20 most active stocks for the day priced below S$0.20.


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