Daily Debrief: What Happened Today

Singapore government to renew economy so all will benefit

As Singapore adjusts to slower growth over the next 50 years, the government on Tuesday outlined its plans to keep the nation a place "where dreams are built and aspirations can be fulfilled".

Sembcorp Industries may inject funds or buy full control of SembMarine: sources

Singapore's Sembcorp Industries Ltd may inject funds into Sembcorp Marine Ltd or buy full control of the drilling rig builder to replenish finances strained by a collapse in oil prices, people familiar with the matter said.

Apple to raise price of apps in Singapore, 6 other countries

Apple has informed developers that it is planning to change App Store pricing in a number of countries, including Singapore, within the next 72 hours.

Corporate governance probe: SingPost names PwC as special auditor

Singapore Post (SingPost) has tapped PricewaterhouseCoopers (PwC) as the special auditor for a probe into the postal and e-commerce group's corporate governance, it said in a Singapore Exchange filing on Tuesday after the market closed.

Update: City Developments' CFO quits to join another listed firm

The property developer on Tuesday said it has accepted the resignation of Goh Ann Nee as CFO, and her last day with the company will be Jan 26, 2016.

China's Q4 growth slows to 6.8%, weakest since 2009

China's economy grew 6.8 per cent in the fourth quarter from a year earlier, matching expectations and the slowest since the global financial crisis, putting pressure on Beijing to roll out more support measures as fears of a sharper slowdown panic investors.

The STI Today

Singapore shares close higher on weak China data, Dow futures' surge

A 200-point rise in the Dow futures on Tuesday and the release of weak economic data in China helped the Straits Times Index (STI) bounce 45.47 points or 1.75 per cent to 2,638.47 as traders bet on Wall Street - which was closed on Monday for Martin Luther King Day - rebounding from Friday's devastating loss on Tuesday and more government stimulus in China.