Daily Debrief: What Happened Today
Stories you might have missed
S'pore shaves 2016 growth forecast to 1-1.5%; Q3 growth revised upwards to 1.1%
Singapore shaved off the top half of its 2016 growth forecast again on Thursday. The government now predicts a one to 1.5 per cent growth rate for the year and 2017 growth at one to 3 per cent, even as third-quarter growth numbers were generally revised upwards from earlier flash estimates.
Police raid homes of individuals targeted in 2013 penny stock crash
Authorities on Thursday morning raided the homes of a number of individuals who were under investigation for the 2013 penny stock crash and hauled them up, sources told The Business Times.
CPFIS-included funds up 6.22% on average in Q3 2016
The overall performance of unit trusts and investment-linked insurance products (ILPs) included under the Central Provident Fund Investment Scheme (CPFIS) had risen in the third quarter.
Singtel appoints new chief technology officer, CEO international
Singapore Telecommunications (Singtel) is making two key appointments to its leadership team as part of its multi-year transformation to respond to the challenges of digital disruption.
SGX issues query to ISR Capital, the fourth in six months
For the fourth time in six months, Singapore Exchange (SGX) on Thursday issued a trading query to mainboard-listed ISR Capital. The latest query also makes it the second query this week directed at the company.
nuTonomy driverless-car accident due to 'extremely rare' software glitches; one-north trial resumes
An accident that resulted in the suspension of a driverless-car trial in Singapore's one-north district last month was due to an "extremely rare combination of software anomalies" that affected the car's sensing capabilities.
200 local businesses to get help in overseas expansion
International Enterprise (IE) Singapore and United Overseas Bank (UOB) are looking to assist 200 Singapore companies in their expansion overseas, especially in South-east Asia, China, Japan and Europe, over the next three years.
Corporate Earnings
The STI Today
Singapore shares close broadly weak; STI ends in the black thanks to Singtel
A large jump in Singtel's shares helped the Straits Times Index post a 4.03- point rise to 2,843.72 on Thursday in a session where the broad market weakened, recording 179 rises versus 237 falls.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
Singapore’s employment growth eases in Q1, as tighter foreign worker quotas kick in for construction firms
Daily Debrief: What Happened Today (Apr 29)
NTUC to help workers develop skills, adapt to new job opportunities
Singapore factory output reverses into negative territory in March, down 9.2%
‘Proactive action’ needed to tackle skills mismatches in Singapore: SNEF
Tripartism and trust will help Singapore navigate a world ‘fraught with uncertainties’: Tan See Leng