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Daily Debrief: What Happened Today
The Singapore economy grew at a slightly slower-than-expected 1.8 per cent year-on-year in the fourth quarter of 2015, the Ministry of Trade and Industry said on Wednesday morning, as the manufacturing sector contracted more than anticipated and services expanded at a slower pace than initially thought.
Singapore's manufacturing sector declined even more than expected in the fourth quarter, contracting by 6.7 per cent on a year-on-year basis, according to the Ministry of Trade and Industry.
Singapore's trade performance is tipped to be a bit better in 2016, despite a softer global economic outlook since the start of the year and after the poor showing in 2015.
DBS Bank has scored a coup clinching Khazanah Nasional's first unrated and unsecured USD sukuk or Islamic bond deal, which is also so far this year's largest sukuk sale.
Singaporeans have ambitious savings and investment targets, aiming for an annual return of 8.4 per cent, said asset manager BlackRock as it released the results of an online survey of 1,000 Singapore residents.
Singapore investment company Temasek Holdings said it has priced its euro-denominated bonds due 2022 and 2028.
- QAF posts 17% jump in net profit for FY2015
- Contributions from Singapore Flyer give Straco a boost in Q4FY15
- CSE posts 22.5% drop in Q4 net profit to S$8.06m
- Soilbuild Construction Q4 profit falls 28% to S$5.6 million
- Far East Hospitality Trust reports 1.17-cent Q4 distribution
The STI Today
Singapore stocks ended 2 per cent lower on Wednesday, with the Straits Times Index losing 52.11 points to 2,619.96.