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Daily Debrief: What Happened Today
Singapore's economic growth this year is likely to be better than last year's 2 per cent, even as the city-state's Ministry of Trade and Industry (MTI) keeps its earlier forecast range of 1 to 3 per cent for 2017.
Singapore's non-oil domestic exports (NODX) expanded by 15.2 per cent year-on-year in the first quarter of this year, extending the 2.7 per cent increase in the previous quarter, on increased shipments of both electronic and non-electronic products.
Moderation is seen in Singapore's manufacturing sector in the first quarter, based on the latest data released by the Ministry of Trade and Industry on Thursday.
Singapore shipyards secured some S$820 million in new orders last year, a sharp drop compared to the S$4.9 billion contracted in 2015, the Association of Singapore Marine Industries (ASMI) said.
Singapore has filed its written observation with the International Court of Justice (ICJ) on the admissibility of Malaysia's application to revise the ICJ's 2008 judgement in the case concerning the sovereignty over Pedra Branca, Middle Rocks and South Ledge.
Shares of Vallianz Holdings which resumed trading on Thursday morning rose 0.2 Singapore cent or nearly 12 per cent to 1.9 Singapore cents as at 9.57 am.
The STI Today
Financials led the Singapore stock market to a modest gain on Thursday, with the Straits Times Index (STI) nudging up 0.1 per cent or 3.13 points to 3,234.37.