Singapore Wrap Wednesday
Today's notable stories
Singapore General Election
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Government panel unveils key features of S$3b plan to help Singaporeans age well
The Ministerial Committee on Ageing has unveiled key new features of a S$3 billion national plan to help Singaporeans age well, and build and maintain strong bonds within the family and in the community.
Singapore factory output shrinks 6.1% in July, more than market forecasts
Singapore's industrial output fell far more than expected in July, marking the sixth straight month of contraction. Factory output declined 6.1 per cent year on year during the month, with all clusters save chemicals posting a drop in production.
3-month SOR jumps to 1.4%, level not seen since Jan 2009
The 3-month swap offer rate (SOR) has jumped again, it was quoted at 1.40236 on Tuesday, a level last seen in January 2009.
Singapore consumer confidence gets an SG50 boost
The ANZ-Roy Morgan Singapore Consumer Confidence index rose to 130.5 in August - the highest in more than a year - primarily driven by an increase in the number of local respondents who felt that now is a "good time to buy" major household items, keeping the index elevated above its long-term average of 123.1 points.
The STI Today
Singapore: Shares close down 0.5%
Weakness set in again in the Singapore market on Tuesday after a respite the day before proved brief. The Straits Times Index finished 0.5 per cent lower, falling 13.29 points to 2,873 as a rate cut in China failed to prevent another slide in the Shanghai market.
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International
Oil prices steady after Iran plays down reported Israeli attack
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015
Warner Bros CEO earned US$49.7 million in strike-impacted year