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Daily Debrief: What Happened Today
The Singapore economy grew at a better-than-expected 2.0 per cent on a year-on-year basis in the last quarter of 2015, advanced estimates show, and is expected to register a full-year growth of 2.1 per cent in 2015.
China's benchmark CSI300 share index tumbled 7 per cent on the first session of 2016 on Monday, prompting the stock exchange to halt trading for the rest of the day.
The pace of decline in private residential prices showed signs of moderation in the fourth quarter of last year, with the Urban Redevelopment Authority's (URA) flash price index for private residential prices slipping a smaller 0.5 per cent after a 1.3 per cent decline in the preceding quarter.
Public housing resale prices in Singapore rose 0.2 per cent in the fourth quarter of 2015 over the third quarter.
Local firms improved their payment performance in the last three months of 2015 for the third straight quarter, with overall prompt payments coming close to a two-year high and improvements in slow payments.
Catalist-listed KLW Holdings has requested suspension of trading of its shares as it has failed to appoint a new sponsor in time following the end of the term of its previous sponsor, SAC Capital, on Dec 31, 2015.
The STI Today
On the first trading day of the new year on Monday, the STI plunged 46.76 points or 1.6 per cent to 2,835.97.