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Daily Debrief: What Happened Today

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Tuesday, January 12, 2016 - 18:30
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Just over half of the businesses in Singapore have said they are "adversely affected" by the current economic climate, according to the findings of the latest National Business Survey released by the Singapore Business Federation (SBF) on Tuesday.

54% of companies in Singapore 'adversely affected' by economic climate: SBF survey

Just over half of the businesses in Singapore have said they are "adversely affected" by the current economic climate, according to the findings of the latest National Business Survey released by the Singapore Business Federation (SBF) on Tuesday.


Use GIC returns as component in calculating CPF OA returns: academic

The government can consider partially pegging returns on the Central Provident Fund (CPF) Ordinary Account (OA) to returns generated by sovereign wealth fund GIC, suggested an academic.


Resale prices of non-landed private homes slipped 2.1% in 2015: SRX Property

Resale prices of non-landed private homes dipped 0.8 per cent in December 2015 over the previous month, according to the latest flash estimates from SRX Property. This contrasts with a 0.6 per cent month-on-month gain in November.


Singapore's next bond default looms amid Pacific Andes skirmish

Singapore's bond market may see its second default in as many months after creditors said Pacific Andes Resources Development Ltd hasn't honoured some obligations on S$200 million of notes.


Broker's Take: Bad start to 2016 augurs ill for equities, says DBS

Global equities have started the year badly and the moves of the past week were likely warnings of big trends for the year including weakness in equities, DBS said in an Investment Insights note.


Externally oriented industries will be subdued in short term: Heng Swee Keat

Singapore will see a subdued performance from externally oriented industries in the short term, mirroring the modest growth in the global economy, said Finance Minister Heng Swee Keat on Tuesday.


Corporate Earnings

Qian Hu barely breaks even in 2015

Ornamental fish seller Qian Hu Corporation has eked out a net profit of S$19,000 for its financial year ended Dec 31, 2015, 95 per cent lower than S$392,000 a year ago.


The STI Today

Singapore stocks close lower as oil stocks take a beating

A nervous silence reigned in most dealing rooms on Tuesday, as markets kept wary eyes cocked in China's direction and as traders stayed away in droves, worried that China's stock market plunges of the past week are not yet over.

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