SGX Logo. Reuters
  • Singapore stocks gained for a second day on Friday after the central bank kept its interest rates unchanged as expected.
  • The Monetary Authority of Singapore (MAS) kept the monetary policy unchanged on Friday, but left room to tighten in future because of stronger economic growth.
  • The MAS referred to its comments in the October 2016 policy statement that "the neutral policy stance would be appropriate for an extended period", but did not say that the outlook remains same going forward.
  • Shares in Singtel rose 0.5 percent after its Indian unit Bharti Airtel said it would buy the consumer mobile business of Tata Teleservices and Tata Teleservices Maharashtra, free of cost.
  • Raffles Education jumped 13 percent after its billionaire shareholder called an extraordinary general meeting in an attempt to drive out Chairman Chew Hua Seng.
  • Telephone directories publisher Global Yellow Pages advanced 0.5 percent after saying the deal value for purchase of a property in New Zealand has been reduced to about S$35.3 million.