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Daily Debrief: What Happened Today
Private-sector economists polled by the Monetary Authority of Singapore have again trimmed their growth forecast for this year. They now expect gross domestic product to expand 1.9 per cent - a step down from their previous estimate of 2.2 per cent.
Competition is heating up in Singapore's S$11 billion telecommunications market, threatening to increase funding costs for potential new entrants.
Catalist-listed agricultural and medical tech incubator Trendlines Group on Wednesday said that its bid to renew its agricultural technology (agtech) incubator licence in Israel has been denied - but this will not materially impact the group's earnings for 2016, and that it will continue to invest in agtech.
The Monetary Authority of Singapore (MAS) is working on initiatives that will boost the asset management industry here.
Following extensive public consultations and feedback, the Media Development Authority of Singapore (MDA) has finalised its recommendations to enhance pay-TV consumer protection measures under the Media Market Conduct Code. The proposals will take effect from next month.
China's economy will not have a "hard landing", Premier Li Keqiang said Wednesday, despite widespread fears that the government will have difficulty managing slowing economic growth.
The STI Today
Activity in the local stock market - which had shown signs of slowing over the past week - ground to a virtual standstill on Wednesday ahead of the US Federal Reserve's Open Markets Committee meeting.