Daily Debrief: What Happened Today

Economists temper Singapore growth expectations for 2016 to 1.9%

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.

Singapore telco battle heats up as MyRepublic taps Goldman, DBS to help raise S$250m

Competition is heating up in Singapore's S$11 billion telecommunications market, threatening to increase funding costs for potential new entrants.

Trendlines' attempt to renew agricultural tech incubator licence in Israel denied

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.

More measures slated to boost Singapore's asset management industry

The Monetary Authority of Singapore (MAS) is working on initiatives that will boost the asset management industry here.

MDA updates consumer protection measures for pay-TV subscribers

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 economy will not have a 'hard landing', says Premier Li

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

Singapore stocks close mixed in lowest daily volume for the year

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.