6Mar

Singapore Stocks Watch: STI resumes Wednesday evening at 3,232.06, down 0.1% on day

Singapore Stocks Watch: SINGAPORE stocks stayed delicate as exchanging continued on Wednesday evening, with the Straits Times Index declining 0.06 percent or 2.01 indicates on the day 3,232.06 as at 1.05pm after a frail morning.

Gainers dwarfed washouts 172 to 137, or around five securities up for each four down, after 627.6 million securities worth S$429.0 million changed hands.

Among the most vigorously exchanged by volume, Nico Steel Holdings progressed 20.0 percent or S$0.001 to S$0.006 with 44.2 million offers exchanged. Yangzijiang Shipbuilding Holdings fell 0.7 percent or S$0.01 to S$1.39 with 18.1 million offers exchanged.

Dynamic file stocks included DBS Group Holdings, up 0.1 percent or S$0.03 to S$25.46; and OCBC Bank, up 0.4 percent or S$0.05 to S$11.25

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Singapore eyes raising retirement and re-work age

CPF payout qualification age would stay at 65.

Priest for Manpower Josephine Teo declared amid her discourse at the Committee of Supply 2019 that the Tripartite Workgroup on Older Workers is hoping to raise the retirement and re-business age of 62 and 67 individually.

Teo said that raising the retirement age (RA) would additionally spur laborers and bosses to put resources into abilities overhauling and work upgrade for senior specialists, while raising the re-work age (REA) would offer the adaptability to reset occupations and help managers alter with business vulnerabilities.

Teo guaranteed that these will “be actualized in little strides after some time” for businesses to make changes. CPF payout qualification age will stay at 65.

“In the following period of its work, the Workgroup will construct a tripartite agreement on (a) how far and how quick the RA and REA ought to be raised, and (b) the CPF commitment rates for more seasoned laborers, adjusting the need to help improve retirement ampleness and support employability for our more seasoned specialists,” Teo said.

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