02 January 2013

Singapore Shares Market Daily Update - 2 Jan 2013


Singapore Economy - The Singapore economy grew at 1.1% on a year-on-year basis in the fourth quarter of 2012, an improvement from the flat growth in the previous quarter, advance government estimates said 2 January 2013.
On a quarter-on-quarter seasonally-adjusted annualised basis, the economy grew by 1.8 per cent, an upturn from the contraction of 6.3 per cent in the preceding quarter, the Ministry of Trade and Industry (MTI) said.
US Economy - Republicans in the US House of Representatives are looking to add an amendment to the Senate-passed "fiscal cliff" legislation that would cut spending by US$330 billion, Republican Representative Darrell Issa said on Tuesday.
Republicans are now weighing whether they will be able to get enough votes to pass such an amendment. If not, they will hold an up-or-down vote on the Senate-passed measure, a Republican aide said. - REUTERS
Singapore Property - Urban Redevelopment Authority (URA) data on 2 January 2013 showed that overall private home prices rose 1.8% in the fourth quarter, compared to the 0.6% rise in the preceding quarter. For the full year 2012, private home prices rose by about 2.8% (based on the preliminary 4Q2012 flash Estimate), lower than the 5.9% increase in 2011.

LionGold - Nicholas Ng Yick Hing was appointed as Managing Director and Group CEO starting from 1 January 2013.
Ezion - The Company had completed the subscription of new shares allotted and  issued 14,269,620 Subscription Shares to the Subscriber on 31 December 2012. Pursuant to the completion of the Subscription, the number of issued Shares of the Company (excluding treasury shares) has increased from 895,621,483 Shares to 909,891,103 Shares.



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