Daily Debrief: What Happened Today

Singapore economy grows 2.5 % y-o-y in Q2

Singapore's economy grew 2.5 per cent compared to a year ago in the second quarter of 2017, based on advance estimates of gross domestic product (GDP) released by the Ministry of Trade and Industry (MTI) on Friday.

Services growth picks up pace in Q2 at 1.7% y-o-y, manufacturing leads at 8%

Growth in Singapore's services sector picked up pace, according to advance estimates of second-quarter performance, while manufacturing continued to lead overall economic expansion, though at a slower pace.

GLP picks Chinese consortium's S$3.38 per share cash offer

Global Logistic Properties' (GLP) directors have picked a Chinese consortium and its S$3.38 per share offer for the logistics real estate developer, the company announced on Friday.

OKP: 'Saddened' by fatal collapse at PIE work site, will cooperate with investigation

OKP Holdings expressed regrets over an accident at its work site near the Pan Island Expressway (PIE) that killed one worker and injured 10 others.

Gan Kim Yong attends Asean-Japan health ministers' meeting

Health Minister Gan Kim Yong will be attending the Asean-Japan Health Ministers' Meeting on universal health coverage and population ageing.

Genting HK sells remaining Star Entertainment stake for A$235.2m

Genting Hong Kong has sold its remaining stake in Australia-listed Star Entertainment in a block trade for A$235.2 million (S$250.2 million), the leisure and entertainment company announced on Friday before the market opened.

Mary Chia to pay more than S$550,000 to Japan JV partner

Mary Chia Holdings has been ordered to pay north of S$550,00 to a joint venture partner in Japan following arbitration proceedings, the operator of beauty and slimming centres announced on Thursday after the market closed.

IFA finds TEE CEO's privatisation bid fair and reasonable; vote to take place July 31

The financial adviser to independent directors of TEE International have found a privatisation bid by chief executive Phua Chian Kin to be "fair and reasonable".

SPRING SEEDS Capital seeks partners in S$100m fund to groom startups in advanced technology

SPRING SEEDS Capital (SSC), the investment arm of SPRING Singapore, has committed up to S$100 million to groom "high potential" startups and is seeking partners to co-invest in Singapore-based deep technology startups.

The STI Today

Singapore shares finish higher; local corporate deals push STI to 2-year high

Externally, support for stocks this week came from Wall Street or, to be more specific, from a reportedly upbeat assessment of the US economy and interest rates from Federal Reserve chair Janet Yellen in her mid-week congressional