Daily Debrief: What Happened Today
Stories you might have missed
Sing dollar falls sharply; market 'shocked' by weaker yuan fixing
The Singapore dollar was quoted at 1.4324 to the US dollar at 3.24pm, according to Bloomberg, just shy of the 52-week low of 1.4342 on Oct 2, 2015.
Small car COE premium falls by over S$9,000
Replacement car buyers rejoiced on Wednesday when the small car category got off to a good start in 2016 - it plunged more than S$9,000 to a 41/2-year low in the first Certificate of Entitlement (COE) bidding exercise of the year.
Singapore business leaders raise concerns, issues in SBF position paper
In a 32-page position paper released on Wednesday, the Singapore Business Federation stressed the need to undertake a "deep review" of the country's existing strategies and to come up with new responses to tackle them.
Regulations, agencies' collaboration needed to boost building productivity: Tharman
Regulations and collaboration among various agencies still need to be ironed out as Singapore's builders continue to improve their construction productivity, Deputy Prime Minister Tharman Shanmugaratnam said on Wednesday.
Singapore business conditions healthy for 7th straight month in December
Business conditions have remained healthy for the past seven months, based on the latest Nikkei Singapore Purchasing Managers' Index (PMI).
Brokers' take: Macquarie downgrades Keppel, SembMarine, Sembcorp Industries
Singapore's offshore and marine sector is in structural decline, and the business models of Singapore shipyards will be facing "immense pressure" in the next five years, said Macquarie Research.
The STI Today
Singapore shares close weaker on yuan worries
The local stock market continued to be plagued by weak sentiment on Wednesday as the Straits Times Index recorded its third straight fall, albeit in slightly improved volume.
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International
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin
Middle East tensions threaten global progress on inflation: World Bank
Heatstroke kills 30 in Thailand this year as South-east Asia bakes