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Singapore rules out pump price caps amid rising fuel costs
MINISTER of State for Trade and Industry Low Yen Ling said in Parliament on Tuesday (Jul 5) “the government’s approach is to ensure that we have a competitive fuel retail market.”
Singapore retail sales up by 17.8% in May from year-ago low base
ON a monthly, seasonally adjusted basis, retail sales were up by 1.8 per cent to S$3.9 billion, with online transactions making up about 12.0 per cent of sales.
H1 property investment sales double to S$20.2b from year ago: Knight Frank
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THE property investment market recorded some S$8.2 billion worth of transactions in Q2 2022, bringing the half year’s total to S$20.2 billion — an 88.7 per cent improvement or almost double the S$10.7 billion in transactions registered in H1 2021.
Malaysian telcos may start emerging from oversold position from early July: CGS-CIMB
AFTER falling by an average of 17 per cent in the year to date (YTD), share prices of Malaysia’s telcos may see rerating opportunities from early July, when more clarity is expected to emerge on the country’s 5G plans.
More than 12,000 new Covid-19 cases expected, but current wave likely less severe: Ong Ye Kung
THE current Omicron wave is likely to not be as severe as the first one that hit Singapore earlier this year, with more people gaining stronger immunity through boosters or recovery from infections.
Corporate earnings
The STI today
Singapore stocks end lower on Tuesday, bucking regional trend; STI down 0.5%
THE benchmark Straits Times Index (STI) fell 0.5 per cent or 16.13 points to close at 3,104.11.
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