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Daily Debrief: What Happened Today

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Friday, September 30, 2016 - 18:30

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Credit Suisse (CS) has upgraded its forecast for Singapore's GDP (gross domestic product) growth in 2016 to reflect its belief that exports will become less of a drag with improved growth outlook in Europe, post-Brexit United Kingdom as well as China.

Credit Suisse upgrades its Singapore 2016 GDP growth estimates

Credit Suisse has upgraded its forecast for Singapore's GDP growth in 2016 to reflect its belief that exports will become less of a drag with improved growth outlook in Europe, post-Brexit United Kingdom as well as China.


Bank lending expands for second straight month in August: MAS

Bank lending in Singapore rose 1.1 per cent in August from a month ago - the same pace as in July - with both business and consumer loans gaining from July, data from the Monetary Authority of Singapore (MAS) showed on Friday.

sentifi.com

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Jurong Port appoints new chairman, adds two board members

Jurong Port has appointed Ng Chee Keong as its new chairman, and its board will also see two new members.


Vietnam sugar producer plans US$600m Singapore listing

Vietnam's TTC Group is stepping up production of the sweetener and seeking new investors as it gears up for a Singapore listing of one of its sugar units in five years that would raise about US$600 million.


Serrano told to pay S$33.4m within a week; bankruptcy proceedings against director adjourned

Interior-design contractor Serrano and its wholly owned subsidiary Serrano Holdings have been asked by Maybank to pay about S$33.4 million within seven days from Sept 26, 2016.


Chan Yeng Kit, Ng Chee Khern appointed chairman of IMDA, GovTech respectively

The Minister for Communications and Information on Friday announced the appointment of the chairmen and board members to two new agencies, the Info-communications Media Development Authority (IMDA) and GovTech.


Global IPO activity to slow down in 2016, pick up in 2017: EY

The year 2016 will be a quieter year than 2015 for IPO (initial public offering) activity around the world, but next year will see activity pick up again.


The STI Today

Singapore shares close lower on Friday

On Friday, news that hedge funds have reduced their exposure to Deutsche brought pressure to bear on all regional markets and cancelled out gains earlier in the week.

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