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Daily Debrief: What Happened Today

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The Economic Development Board (EDB) shared its findings on the manufacturing sector, while the Department of Statistics (DOS) reported on services.

 

Business expectations of services, manufacturing sectors for first-half 2018 still sanguine: EDB, DOS
MORE companies in the services and manufacturing sectors still expect business prospects for the next six months to improve, but sentiment for both have dipped since the previous quarter.


Chinatown Plaza put up for collective sale with S$270m asking price
CHINATOWN Plaza has been put up for a collective sale with an asking price of S$270 million, according to the marketing agent for the sale, Edmund Tie & Company, on Wednesday.


Owner offers 1,696 sq m redevelopment site in Geylang for at least S$36m
THE owner of a 1,696.3 square metre redevelopment site in the Geylang neighbourhood is putting the property up for tender with an asking price of S$36 million, according to marketing agent Edmund Tie & Co.

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Market voices on:


Noble says allegations of management enriching themselves at shareholders' expense 'unfounded'
RESPONDING to shareholders' unhappiness that Noble Group's management appeared to have focused on their interest over that of the company and the shareholders, the group said its management is essential to the company's business because its core businesses are heavily reliant on its people.


Swiss Re opens Asia HQ in Singapore; GIC adviser Lim Siong Guan chairs new regional board
INSURANCE group Swiss Re announced on Wednesday the launch of its regional headquarters in Singapore, as well as the appointment of a new regional board of directors.


MAS, EDB appoint new directors
THE Monetary Authority of Singapore (MAS) and the Singapore Economic Development Board (EDB) will be making some changes to their boards, effective Feb 1, 2018.



Corporate Earnings



The STI today

Singapore shares close 0.4% lower 
SHARE prices in the Singapore bourse extended their declines with the key Straits Times Index slipping 14.8 points or 0.4 per cent to finish at 3,533.99 on Wednesday. 


 

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