Singapore Wrap Wednesday

Cause of rail breakdown in Singapore still not known: LTA

The cause of Tuesday night's rail breakdown - the first time both the North-South and East-West Lines have been affected simultaneously - is still unknown although train services are back to running on normal schedules at full speed and at normal peak-hour intervals.

Passenger car COE premiums down

Certificate of Entitlement (COE) premiums for passenger cars continued to sag on Wednesday, the first tender for July, as bookings for new cars slowed down significantly, according to some dealers.

New WDA programme to give wage support for firms hiring mature Singaporean PMEs

Come Oct 1, 2015, the Workforce Development Agency (WDA) will pilot a new career support programme (CSP) which aims to assist mature Singaporean professionals, managers and executives (PMEs) who may face greater challenges in securing a job.

Singapore's LTA working on innovative fare payment systems

Singapore's Land Transport Authority is looking at introducing innovative fare payment systems in the near term which will allow devices with the applicable near-field communication technology to be used at fare gates.

Alibaba to raise stake in SingPost to 14.51% from 10.23%, subject to IDA's approval

Singapore Post and Alibaba Group Holdings on Wednesday unveiled a slew of initiatives which include the Chinese e-commerce giant taking a bigger stake in the Singapore postal group to spur growth in their ecommerce logistics platform across Asia.

The STI Today

Singapore: China's crash hits local stocks

When China stocks and the Hong Kong market were surging earlier this year, there was no sympathetic movement in local stocks. This caused much frustration among observers here who had grown accustomed to trading here following Hong Kong's lead. Even more frustrating was Wednesday's 55.94 points or 1.7 per cent loss at 3,284.99 that the Straits Times Index suffered which came as a direct consequence of the Hang Seng's almost 6 per cent crash.