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Singapore Wrap Tuesday
- MAS keeps S$ on appreciating path, 2015 GDP forecast maintained at 2-4%
The Monetary Authority of Singapore (MAS) defied the majority of expectations on Tuesday, keeping its monetary policy stance unchanged.
- Singapore Q1 GDP: Mixed performance by key sectors
- MAS keeps surprises by standing pat, Sing dollar jumps
- No heavy intervention to support SGD: MAS
- Analysts and economists react to Singapore dollar policy and GDP estimates
- Singapore's 3-month Sibor rate slips to 2-week low
- 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
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.
Singapore's Temasek Holdings is the single-largest foreign investor in Chinese banks, data from SNL Financial on Tuesday showed.
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 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.
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.