Singapore Wrap Wednesday

Singapore still has room for improvement in ethical business practices: survey

Singapore companies are good at ticking the boxes on ethical business practices but the reality is something else.

Former ST Marine financial controller is fifth exec to be charged in graft case

Another former group financial controller of shipyard Singapore Technologies (ST) Marine has become the fifth former senior executive to be charged in connection with a corruption scandal.

Spring to appoint accelerators for cleantech, advanced manufacturing, engineering

Spring Singapore is looking to appoint up to five accelerators to incubate and jointly invest up to S$4 million each in startups in emerging sectors.

Petra Foods to cease distribution business in Singapore

Petra Foods Limited has decided to cease its loss-making distribution business in Singapore. Its wholly-owned subsidiary Delfi Singapore will sell its agency brands portfolio and related inventory to Auric Pacific Marketing, a subsidiary of Singapore-listed Auric Pacific Group, by June 30.

Singapore condo rents dip 0.6% in May, HDB rents stay flat: SRX

Rentals for private condos and apartments in Singapore dipped 0.6 per cent in May, compared to April, led by rents in the city fringe and suburbs which fell 0.6 per cent and 1.5 per cent respectively.

The STI Today

Singapore: STI enjoys 'relief bounce' after MSCI news

After falling 55 points in four consecutive sessions between Thursday last week and Tuesday this week, the Straits Times Index (STI) on Wednesday bounced 30.64 points to 3,325.77 after news that MSCI will not be including China 'A' shares in its emerging markets index yet.