Singapore Wrap Monday
Today's notable stories
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More office holders in new Singapore Cabinet, leadership renewal emphasised
As expected, Prime Minister Lee Hsien Loong's new Cabinet, unveiled on Monday, emphasises leadership renewal. There are now 37 office holders (up from 33) - half of whom are 50 years old and below.
STI breaks below 2,800 points, in official bear market territory
Singapore's benchmark Straits Times Index (STI) fell below 2,800 points on Monday to officially end up in bear market territory.
Singapore's completed condo prices drop 0.6% in August
Prices of completed non-landed private homes in Singapore fell 0.6 per cent in August 2015 over July, according to the National University of Singapore (NUS) flash estimate for its Overall Singapore Residential Price Index (SRPI) released on Monday.
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Largest 3D printing facility in SEA opens in Singapore
Nasdaq-listed semiconductor firm Ultra Clean Technology (UCT) on Monday launched in Singapore what is believed to be the largest and most comprehensive commercial 3D printing facility in South-east Asia (SEA).
Olam plans to double African coffee estates
Olam International, a commodity trader controlled by Singapore investment company Temasek Holdings, plans to more than double coffee-plantation acreage in Africa to improve quality control on the continent.
The STI today
STI falls below 2,800, lowest since June 2012
The Straits Times Index (STI) on Monday kicked off the week on a distinctly poor note, dropping 40.72 points or 1.4 per cent to 2,791.92, its lowest close since June 2012.
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