But overall bank loans rose 10.8 per cent on-year, aided by growth in housing and bridging loans, according to Monetary Authority of Singapore data.
Regulatory standards here are progressing apace with global best practices, and the local banks' "disciplined" offshore expansion exercises mean the industry is in good health, says the rating agency.
The price of diamonds has been on the rise as the precious stones gain popularity over the years. But experts say it's hard to calculate the real value due to the lack of transparency when pricing this gem.
The next phase of expansion in Singapore's water industry could be in the treatment of industrial water says PUB Chief Executive Chew Men Leong.
The Second Minister for Trade and Industry said as the country embarks on its productivity drive, Singaporeans must be prepared to view changes as opportunities, rather than threats.
For the full year, Wing Tai recorded a net profit of S$254.4 million, down 52 per cent from a year ago.
This came on the back of Croesus Retail Trust's net property income of ¥1.02 billion (S$12 million) in the same quarter, 2.6 per cent higher than its forecast
The Singapore Flyer's buyer says it is a "defining attraction" and represents an "exciting opportunity" for Straco Leisure to expand in the region and contribute to the local tourism industry.
Overall prices fell 0.3 per cent on-quarter in July, with prices of small unit homes leading the decline, according to the Singapore Residential Price Index (SRPI) estimates.
The local bank says it will waive the S$2 fee when shareholders subscribe for the rights via ATM, among other incentives.