In the financial report on Tuesday, Las Vegas Sands said MBS’ performance for the second quarter was “consistent” with the performance in the same period last year.
Manufacturing output in Singapore fell 0.3 per cent year-on-year in June, dragged down by a decline in the transport engineering cluster, the Economic Development Board (EDB) said on Tuesday (Jul 26).
The pace of decline slowed in June, as the base effect associated with the disbursement of Service & Conservancy Charges (S&CC) rebates in May dissipated, say MAS and MTI.
With Singapore’s economic growth likely to remain sluggish amid a lacklustre global outlook, the Government is reviewing its forecast of 1 to 3 per cent growth for 2016. Some economists say the forecast could be lowered to 1.5 to 2.5 per cent.
Growing the incomes of low-income workers should be a key priority when countries come up with tax and fiscal policies to promote inclusive economic growth, says Mr Tharman.
The acquisition of British chip designer ARM by Japanese telecoms giant SoftBank is proof that the UK remains on the radar of foreign investors even as concerns regarding Brexit continue to boil over, British High Commissioner to Singapore Scott Wightman told Channel NewsAsia.
Trading of the stock had been halted pending the announcement and was only lifted on Thursday (Jul 21).
Second-quarter profits at Singaporean rigbuilder Keppel Corp fell 48 per cent from a year ago, weighed down by lower revenues at its offshore and marine segment.
In a media statement, liquidator Ferrier Hodgson said: "We had anticipated that when we were appointed there would have been significantly more cash that would have enabled us to continue operations while we sought to identify a purchaser."
SMRT shares closed at S$1.645 on its first day of trade following last Friday's suspension, up 6.47 per cent from its last trading price of S$1.545.