Tuesday, October 1, 2013

Oct 1: Property stocks, Cosco, Olam

Singapore share prices ended 1.32% lower on Monday as concerns of a likely shutdown of the US government plagued global markets. The blue-chip Straits Times Index (STI) closed 42.31 points lower at 3,167.87. Here are some factors and company news that could affect the market this Tuesday morning:

Prices of small completed private apartments and condos in Singapore rose for the second consecutive month in August, according to the latest flash estimates from the National University of Singapore (NUS).

Civil servants in Singapore will have to declare visits to the city-state's two casinos under new rules intended to prevent incidents such as the recent case of a senior official from the anti-corruption watchdog charged with misappropriating money.

Cosco Corp (Singapore) said that Li Yun Peng will replace Ma Ze Hua as chairman of the Singapore-listed Chinese shipbuilder.

Electricity tariffs will increase by an average of 0.5% or 0.12 cents per kWh for the period from Oct 1 to Dec 31, 2013, SP Services Limited said.

Olam processing, a division of Singapore-based Olam, joined a list of companies with a licence to export cocoa products from top grower Ivory Coast for the 2013/2014 season due to start next week.

From Jan 2 next year, firms will have to check the Do Not Call (DNC) registry before sending telemarketing messages to consumers with Singapore telephone numbers, the Personal Data Protection Commission said on Monday.

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