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Singapore Wrap Wednesday
Bank lending in August rose from July at a weaker pace compared to a month ago, dragged by zero growth in consumer lending, preliminary data from the Monetary Authority of Singapore (MAS) showed on Wednesday.
New controls on borrowing from licensed moneylenders will come into effect on Thursday, Singapore's Ministry of Law said on Wednesday.
Ho Ching, chief executive officer of Temasek Holdings, will return from a six-month sabbatical at the end of October as one of the investment company's three presidents takes on a bigger role.
Singapore's much-weaker August industrial production has tilted the balance to the Monetary Authority of Singapore (MAS) easing its monetary policy when the central bank next meets in October, Credit Suisse said on Wednesday.
Singapore industrial landlord JTC Corporation reported a group net surplus of S$1.4 billion for its 2014 financial year ended March 31, 2015, up 7 per cent from a year ago.
Two residential sites have been released for sale by the Urban Redevelopment Authority (URA).
- Shophouses in Geylang up for sale at S$1,350 psf
- Roxy-Pacific to buy freehold residential site near Marine Parade for S$21.5 million
The STI today
The Straits Times Index on Wednesday underwent a volatile session tracking movements in Hong Kong and China as well as the futures market for US benchmarks.