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Daily Debrief: What Happened Today

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Thursday, December 8, 2016 - 18:30

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NOMURA has cut its 2017 GDP (gross domestic product) growth forecast for Singapore, citing the openness of the economy here and domestic weakness in the labour market. PHOTO: BLOOMBERG

Nomura sounds bearish call on S'pore economy, cuts 2017 GDP growth forecast
NOMURA has cut its 2017 GDP (gross domestic product) growth forecast for Singapore, citing the openness of the economy here and domestic weakness in the labour market.


HDB resale prices up 0.2% in November from October: SRX
RESALE prices of Housing & Development Board (HDB) flats rose 0.2 per cent in November 2016 compared to a month ago, the SRX Property Price Index on Thursday showed. Prices for all HDB flats except executive units were up.


Broker's take: Singapore Inc due for makeover amid tech lag, says Deutsche Bank
SINGAPORE Inc is due for restructuring amid heightened competition from its regional peers, said Deutsche Bank in a report this week.


Jason Holdings' creditors to meet to approve scheme of arrangement
FLOORING company Jason Holdings said on Thursday its application for a scheme of arrangement has been granted by Singapore's High Court, and the company is expected to call a meeting of creditors by Feb 1, 2017, to approve the scheme.

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AccorHotels invests S$24m for 5% stake in Banyan Tree
RESORT operator Banyan Tree Holdings said on Thursday hotel chain group AccorHotels has invested S$24 million for a 5 per cent stake in the company.


The STI Today

Singapore shares close firm even as STI slips into the red
THE Straits Times Index on Thursday first powered up to an intraday and 2016 high of 2,980 before wilting in the afternoon session to end at 2,958.86, a net loss of just 0.98 of a point. The broad market however, was marginally firm, recording 240 rises versus 216 falls.


 

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