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Singapore's bank lending growth slowed in August, as both business and consumer loans moderated, preliminary data from the Monetary Authority of Singapore (MAS) showed on Wednesday (Sept 30).
Singapore's dollar is headed for its worst quarterly performance in four years amid speculation the central bank will ease policy as soon as next month to shore up growth.
Temasek International, the management arm of Temasek Holdings, has appointed Mr Lee Theng Kiat as its chief executive officer. He will report to Ms Ho Ching who remains the executive director and CEO of the larger group Temasek Holdings, according to a statement released by the Singapore investment firm on Wednesday.
Two land parcels were released for sale on Wednesday (Sept 30) by the Urban Redevelopment Authority (URA), which together can yield about 515 residential units. One site has already been launched for sale under URA's "Confimed List".
A freehold development comprising of a row of five adjoining three-storey conservation shophouses in Geylang Road have been put up for sale.
Travel restrictions might soon be imposed on people who fail to repay wrongly-claimed tourist refunds, as part of a series of suggested changes to the draft Goods and Services Tax (GST) (Amendment) Bill.
Even as the manufacturing sector invests to keep up with rapid changes in technology, it must also invest in that other vital resource - people, said Senior Minister of State for Trade and Industry and National Development Lee Yi Shyan.
As Glencore's stock went into free fall in August in the face of heavy debts and shrinking earnings, its chief Ivan Glasenberg had a defiant message - traders can beat weak commodity prices during market downturns.
Investors have pulled US$40 billion (S$57.1 billion) out of developing economies in the third quarter, fleeing emerging markets at the fastest pace since the height of the global financial crisis.
World trade will grow by 2.8 per cent this year and could be pegged back further by a U.S. interest rate rise, China's economic slowdown or Europe's refugee crisis, the World Trade Organisation said yesterday Wednesday.
