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Singapore Wrap Wednesday
The Housing & Development Board on Wednesday launched a record 9,431 new flats for sale in 24 HDB towns and estates under its joint build-to-order (BTO) cum sale of balance flats (SBF) exercise.
The Singapore government on Wednesday announced that around S$2.2 billion worth of public sector infocomm tenders will be up for grabs during fiscal 2015. Procurement will focus on areas such as digital and data services, web services, infocomm infrastructure as well as the development of the smart nation platform.
Singapore consumer confidence rose four percentage points to 129.7 in May, according to the ANZ-Roy Morgan Singapore Consumer Confidence index released on Wednesday.
Business receipts for the services industry in Singapore rose 3.3 per cent year-on-year in the first quarter of 2015, with all but the recreation & personal services segment experiencing turnover growth.
The largely dormant crowdfunding scene in Singapore was jolted on Wednesday by news of a three-party alliance comprising local platforms CoAssets, FundedByMe and New Union.
The STI Today
ON the plus side was that volume amounted to 1.6 billion units worth S$1.3 billion, much better than the dismal S$597 million done at the start of the week. On the minus side, however, was that the volume spike signified increased selling which ended with the Straits Times Index losing 35.04 points or just over one per cent at 3,424.94.