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Daily Debrief: What Happened Today
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THE Ministry of Trade and Industry (MTI) is expecting full-year gross domestic product (GDP) growth to be between -0.5 per cent and 1.5 per cent, the ministry’s permanent secretary Gabriel Lim said on Monday morning.
YEAR-ON-YEAR change in non-oil domestic exports (NODX) is expected to range between a 0.5 per cent drop and a 1.5 per cent rise this year, trade agency Enterprise Singapore (ESG) said on Monday, down from its earlier projection of zero to 2 per cent growth.
THE latest figure is also 41.4 per cent higher than the 437 units developers sold in January 2019.
THE move came after the hospitality stapled group on Friday posted weaker than expected results, with its distribution per stapled security (DPS) falling 5 per cent to 0.95 Singapore cent for the fourth quarter ended Dec 31.
INSURERS in Singapore have over the past week rolled out free coverage initiatives, ranging from diagnosis benefits, hospitalisation coverage and death benefits, to support their customers amid the Covid-19 situation.
The STI today
THE STI finished 7.03 points or 0.2 per cent lower at 3,213.00.