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Daily Debrief: What Happened Today
The Monetary Authority of Singapore's (MAS) October policy decision will keep the level of real GDP close to its potential over the medium term, and therefore help to promote price stability in the economy, said the central bank on Tuesday.
Weakness in the economies of Singapore's major trading partners is the main reason behind the Republic's recent lacklustre economic growth.
The World Bank Group said it is expanding its Singapore office to create its first Infrastructure and Urban Development Hub.
Singapore, which is becoming increasingly attractive for international clean technology (cleantech) companies, now hopes to grow in thought leadership in the sector by setting up a Sustainable Energy Centre of Excellence (SECOE).
Temasek-backed Pavilion Energy is throwing its weight behind a newly-formed Singapore price index for liquefied natural gas (LNG).
CapitaLand Vietnam has entered into a joint venture with Saigon Commercial & Tourism Corporation, a subsidiary of Vietnamese developer Thanh Nien Corporation, to develop a prime site in District 2 in Ho Chi Minh City, for an estimated project value of US$55 million.
- New Adelaide mall, Singapore portfolio boost Starhill Reit's Q1
- Global Palm Resources warns of 'substantially lower' profit for Q3
- Viva Industrial Trust posts 2.4% decline in Q3 DPS
- Grand Banks Yachts swings into the black in Q1
The STI Today
Weakness in the Dow futures on Tuesday outweighed slight gains in Hong Kong and China, bringing pressure to bear on the Straits Times Index (STI).