Daily Debrief: What Happened Today
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Singapore averts technical recession: Q3 GDP up 1.9%, 2015 growth seen at close to 2%
Singapore, by a long shot, averted a technical recession in the third quarter of 2015 after all - thanks to a significantly stronger-than-expected performance by the services sector. The government's full-year growth forecast, however, has still been adjusted downwards to "close to 2 per cent", compared to its earlier projection of 2-2.5 per cent.
Singapore's 2015 NODX, trade growth forecasts trimmed again
Worsened performance in Singapore's third-quarter trade has led trade promotion agency International Enterprise Singapore to trim its 2015 year-on-year growth forecasts for trade and non-oil domestic exports (NODX) for a third time.
Singapore civil servants will get a year-end Annual Variable Component (AVC) of 0.65 month, with lower-wage officers getting an AVC of at least S$1,100, the Public Service Division announced on Wednesday.
This compares to the year-end AVC of 0.8 month civil servants got last year, and the S$1,200 minimum lower-wage officers received.
GIC's Goh says wealth fund is 'underinvested' in real estate
GIC, manager of more than US$100 billion of Singapore's reserves, is "underinvested" in property and is interested in transactions of scale, said GIC real estate president Goh Kok Huat.
KL-Singapore high speed rail: 98 submissions for request for information exercise
A total of 98 submissions were received by Malaysia's Suruhanjaya Pengangkutan Awam Darat and Singapore's Land Transport Authority in response to the joint request for information exercise on the Kuala Lumpur-Singapore High Speed Rail project.
Airlines bet on long oil slump after millions lost to hedging
Two of the world's biggest airlines are betting that oil prices won't rally any time soon, growing more cautious after losing hundreds of millions of dollars on hedges.
The STI Today
Singapore shares close 1% lower
Share prices in the local bourse finished on a low note on Wednesday with the key Straits Times Index falling 32 points or 1.09 per cent to 2,891.58.
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International
Oil prices steady after Iran plays down reported Israeli attack
G7 pledges swift aid for Ukraine, seeks to calm Middle East
H5N1 strain of bird flu found in milk: WHO
China moves to boost foreign investment in domestic tech companies
Xi orders China’s biggest military reorganisation since 2015
Warner Bros CEO earned US$49.7 million in strike-impacted year