Singapore Wrap Tuesday

Singapore Q2 GDP grows 1.7% year-on-year, below expectations

The Singapore economy performed worse than the market had expected in Q2 - expanding 1.7 per cent compared to a year ago - according to advance estimates of gross domestic product (GDP) released by the Ministry of Trade and Industry (MTI) on Tuesday morning.

Resale prices of non-landed private homes up 0.4 % in June, volume down 10%: SRX

Resale prices of non-landed private homes have inched up for the second consecutive month, going by the latest data from SRX Property.

S$20m govt projects created for Singapore tech firms, says IDA

Some S$20 million worth of government project opportunities have been created for promising tech firms under the Accreditation@IDA programme within a year of its inception, the Infocomm Development Authority of Singapore (IDA) said on Tuesday.

Key element in place for 'decisive turnaround': Tiger CEO

The integration with the Singapore Airlines (SIA) group is the key element "for a decisive turnaround and also for future sustainable growth" of Tiger Airways, said Lee Lik Hsin, chief executive of the budget carrier.

Independent team to assess North-South, East-West MRT lines

An external team has been appointed to conduct an independent assessment of the power supply infrastructure and other railway trackside installations along the North-South (NS) and East-West (EW) MRT lines, following the disruption last Tuesday evening.

The STI Today

Singapore stocks close mixed in quiet trading

The Straits Times Index initially rose sharply, possibly thanks to leftover momentum from Friday and Monday's relief rallies, but gains were reversed in the afternoon as the index drifted to 3,316.5 for a nett gain of 5.28 on the day.