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Daily Debrief: What Happened Today
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THIS was better than initial expectations of a zero to 1 per cent growth, which had been downgraded from the 1.5 to 3.5 per cent growth forecast the Ministry of Trade and Industry (MTI) made a year ago.
NON-OIL domestic export (NODX) growth and total trade continued to fall in the third quarter, prompting the government to further trim its total trade and NODX growth forecasts for 2019 to -4.5 to -4.0 per cent and -10.0 and -9.5 per cent respectively.
FOLLOWING the part-cash, part-equity deal, Telenor will be Carousell’s new single-largest minority shareholder, with a 32 per cent stake in the combined company.
LOCATED at River Valley Road, it has a gross floor area (GFA) of 34,909 square metres (sq m) and a lease which expires on May 1, 2077.
THE private placement will see the listing of 156.6 million new units at an issue price of between S$1.031 and S$1.075 per unit, the manager said on Thursday.
The STI today