Daily Debrief: What Happened Today

Stories you might have missed

Published Wed, Dec 9, 2015 · 10:30 AM

Forecasters lower 2015 growth projections for Singapore, predict 2.2% expansion in 2016

Economists have cut their expectations for Singapore's economic growth in 2015 to 1.9 per cent and are predicting a 2.2 per cent expansion in 2016, according to a November poll of professional forecasters by the Monetary Authority of Singapore.

Significant fall in COE premiums for passenger cars

Premiums for passenger car Certificates of Entitlement (COEs) fell significantly on Wednesday on a combination of poor economic sentiment and buyers' hopes of a bigger COE quota in February 2016, said some dealers.

Wage increase in Singapore to slow next year: report

Wage increase in Singapore is set to slow to 4 per cent next year amid the cautious business outlook, a report by Korn Ferry Hay Group said on Wednesday.

Banks in Singapore most worried about tech-related crimes, risks: poll

One risk manager warned of "technology companies taking away profitable slices of banking business and enjoying regulatory arbitrage", while an industry observer noted "an alarming rise in number of cyberattack incidents recently, high cost of prevention".

A-Reit to buy One@Changi City, sell new units to raise at least S$408m

Ascendas Real Estate Investment Trust (A-Reit) said on Wednesday it plans to acquire One@Changi City, a property at Changi Business Park, from two joint-venture partners, Frasers Centrepoint and Ascendas Pte Ltd, for S$420 million.

Singapore-based hedge fund star seeking money managers, traders

Stephen Diggle, co-founder of a hedge-fund firm whose assets expanded more than 1,000-fold before it returned investors' money, is reentering the industry with a plan to back managers and traders seeking a new career in money management.

The STI Today

Singapore stocks close lower on weak China data

Singapore stocks fell on Wednesday as another month of lower producer prices in China sparked a regional pullback, sending the Straits Times Index down by 14.84 points, or 0.52 per cent, to close at 2,861.19.