Singapore Wrap Wednesday

Nikkei Singapore PMI shows further improvement in business conditions in July

Singapore firms signalled a further improvement in overall operating conditions in July, according to the Nikkei Singapore purchasing managers' index (PMI) released on Wednesday.

COE premiums for Cat A and B up, but Cat E premium falls

Certificate of Entitlement (COE) premiums for passenger cars mostly halted their slide in the first round of bidding for August on Wednesday, even with a larger COE quota kicking in.

Sports Hub appoints new CEO

The Singapore Sports Hub has appointed Manu Sawhney as its new chief executive officer. Mr Sawhney will join the Singapore Sports Hub on Sept 1 as CEO-designate before assuming his formal CEO responsibilities, which will commence on Oct 1.

Invesco's deemed interest in Noble falls below 5%

In a filing to the Singapore Exchange on Tuesday, Noble Group revealed that the deemed interest of Invesco and its subsidiaries in their capacity as managers/advisors of various accounts, has fallen below 5 per cent.

Corporate Earnings

The STI Today

Singapore shares close higher, barely avoiding fifth straight loss

Perhaps the best thing that can be said of Wednesday's stock market session was that the Straits Times Index avoided a fifth consecutive loss, though this was likely via short-covering than anything else.