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Daily Debrief: What Happened Today

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Thursday, June 15, 2017 - 18:30

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Singapore developers' housing sales in May 2017 dropped for the second consecutive month on a month-on-month basis - amid a dearth of new launches.

Developers sell 1,024 private homes in May, down from April's 1,558 units

Singapore developers' housing sales in May 2017 dropped for the second consecutive month on a month-on-month basis - amid a dearth of new launches.


Singapore civil servants to get 0.5 month mid-year bonus

Civil servants in Singapore will get a mid-year bonus of 0.5 month, the Public Service Division (PSD) announced on Thursday afternoon. This is slightly higher than the 0.45 month they received in 2016.

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Proceeds raised by Singapore bond offerings down 41.7% in Q2 '17

Primary bond offerings from Singapore-domiciled issuers raised US$4.5 billion in proceeds in the second quarter of 2017, down 41.7 per cent from a year ago.


Singapore ranks 7th in global innovation index

Singapore was ranked seventh among the world's most innovative countries and first in South-east Asia, according to the Global Innovation Index 2017.


Ascott secures first 3 properties under co-living brand lyf

Capitaland's serviced residence unit, The Ascott, said on Thursday it has secured contracts to manage its first three properties under lyf, its latest brand and co-living concept.


US Fed raises key rate to 1.0-1.25%, signals one more hike in 2017

The US Federal Reserve raised its benchmark interest rate by a quarter point to 1.0-1.25 per cent on Wednesday and signaled another increase remains likely this year, despite the recent spate of weak economic data.


Jack Ma said to explore joining US$1.5b Grab fundraising

Alibaba co-founder Jack Ma may team up with SoftBank Group Corp's Masayoshi Son in a US$1.5 billion investment in ride-hailing startup Grab, according to people familiar with the matter.


Canadian AI firm raises US$102m in funding, to open SEA hub in Singapore

Artificial intelligence (AI) company Element AI said on Thursday that it has raised US$102 million in Series A funding, believed to be the largest amount for an AI company to-date.


Q&M sets up new unit to grow dental business in M'sia

Mainboard-listed Q & M Dental Group said on Thursday it has incorporated Q & M Dental Holdings (Malaysia), a new subsidiary in Singapore that will act as a holding company for the company's businesses in Malaysia.


The STI Today

Singapore stocks finish lower after oil weakness, Trump news

The local stock market shrugged off Wednesday's all-time high for the Dow Jones Industrial Average, opting instead to focus on a fall in the Dow futures and a 1.2 per cent loss for Hong Kong that came after a 3.5 per cent drop in oil prices and news that US President Donald Trump is under investigation for possible obstruction of justice.

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