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Daily Debrief: What Happened Today
Singapore's retail sales rose 0.4 per cent in December 2016 compared to the same month in 2015, mainly due to higher sales of medical goods & toiletries.
Developers in Singapore sold 381 private homes in January 2017, up from the 367 private homes in December 2016 and 324 units in January 2016.
Rentals for non-landed private homes in Singapore rose in January 2017 over December 2016 amid an increase in leasing volume, while rents and leasing volume of Housing & Development Board (HDB) flats headed south over the same period.
The Monetary Authority of Singapore (MAS) plans to relax some rules for venture capital (VC) managers to register in Singapore.
Singapore Exchange (SGX) on Wednesday announced that Chew Gek Khim is stepping down as chairman and member of the Risk Management Committee with effect from April 1 and will be succeeded by Chng Sok Hui.
Hyflux signed an agreement with Changi General Hospital (CGH) to conduct two clinical trials to establish the effectiveness of Hyflux's ELO Water and ELO Gel on diabetes control and diabetic foot ulcer patients.
- CapitaLand's Q4 profit surges 73.8% to S$430.5m
- TT International sinks deeper into the red with S$9.63m Q3 loss
The STI Today
After dropping 39 points on Tuesday because of a bank-led selloff, the Straits Times Index rebounded 16.01 points on Wednesday to 3,088.48 after US banks pushed Wall Street to a new high overnigh following comments from Federal Reserve chair Janet Yellen about the need to raise interest rates soon.