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Daily Debrief: What Happened Today

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AUTHORITIES on Thursday morning raided the homes of a number of individuals who were under investigation for the 2013 penny stock crash and hauled them up, sources told The Business Times.

S'pore shaves 2016 growth forecast to 1-1.5%; Q3 growth revised upwards to 1.1%

Singapore shaved off the top half of its 2016 growth forecast again on Thursday. The government now predicts a one to 1.5 per cent growth rate for the year and 2017 growth at one to 3 per cent, even as third-quarter growth numbers were generally revised upwards from earlier flash estimates.


Police raid homes of individuals targeted in 2013 penny stock crash

Authorities on Thursday morning raided the homes of a number of individuals who were under investigation for the 2013 penny stock crash and hauled them up, sources told The Business Times.

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CPFIS-included funds up 6.22% on average in Q3 2016

The overall performance of unit trusts and investment-linked insurance products (ILPs) included under the Central Provident Fund Investment Scheme (CPFIS) had risen in the third quarter.


Singtel appoints new chief technology officer, CEO international

Singapore Telecommunications (Singtel) is making two key appointments to its leadership team as part of its multi-year transformation to respond to the challenges of digital disruption.


SGX issues query to ISR Capital, the fourth in six months

For the fourth time in six months, Singapore Exchange (SGX) on Thursday issued a trading query to mainboard-listed ISR Capital. The latest query also makes it the second query this week directed at the company.


nuTonomy driverless-car accident due to 'extremely rare' software glitches; one-north trial resumes

An accident that resulted in the suspension of a driverless-car trial in Singapore's one-north district last month was due to an "extremely rare combination of software anomalies" that affected the car's sensing capabilities.


200 local businesses to get help in overseas expansion

International Enterprise (IE) Singapore and United Overseas Bank (UOB) are looking to assist 200 Singapore companies in their expansion overseas, especially in South-east Asia, China, Japan and Europe, over the next three years.


Corporate Earnings


The STI Today

Singapore shares close broadly weak; STI ends in the black thanks to Singtel

A large jump in Singtel's shares helped the Straits Times Index post a 4.03- point rise to 2,843.72 on Thursday in a session where the broad market weakened, recording 179 rises versus 237 falls.

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