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Daily Debrief: What Happened Today
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.
- Singapore downgrades 2016 Nodx forecast after a 5.4% fall in Q3
- Weak business services and wholesale & retail trade sector performance hits S'pore Q3 GDP
- Singapore dollar at 10-month low after 2016 GDP, exports forecasts downgraded
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.
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.
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.
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.
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.
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.
The STI Today
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.