Excluding petroleum, domestic wholesale trade rose 7.6 per cent from a year ago. After adjusting for price changes, overall domestic wholesale trade fell 5 per cent from a year ago.
Singapore domestic wholesale trade expanded by 23.5 per cent in first quarter 2017 compared to a year ago, and by 1.6 per cent from the preceding quarter.
Singapore Airlines (SIA) is re-integrating SIA Cargo, which is currently a wholly-owned subsidiary, as a division within the airline group to improve efficiency, the carrier announced on Friday before the market opened.
Market voices on:
Malaysia’s economy grew at a better-than-expected 5.6 per cent in the first quarter from a year earlier, the highest in two years as private expenditure and exports drove recovery, central bank data showed on Friday.
Neither Canada nor Japan cracked the top 10, and the United States finished a dismal 35th, according to a much anticipated ranking of healthcare quality in 195 countries, released Friday.
American software giant Microsoft held back from distributing a free security update that could have protected computers from the WannaCry global cyber attack, the Financial Times reported Thursday.
The STI Today
Political developments in the US dominated the headlines this week but despite Wall Street’s worries and weakness, the Straits Times Index (STI) proved to be reasonably resilient ) on Friday, its 4.74 point fall to 3,216.92 brought its loss for the week to just 38 points or 1.2 per cent.
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