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Daily Debrief: What Happened Today

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The second-quarter figure was worse than economists' expectations of a 10.5 per cent fall, and much worse than the first quarter's revised figure of a 0.3 per cent contraction. 

Stories you might have missed

Singapore in recession with GDP down 12.6% in Q2, flash figures show

THE second-quarter figure was worse than economists' expectations of a 10.5 per cent fall, and much worse than the first quarter's revised figure of a 0.3 per cent contraction. 


Inadequate knowledge and due care are root causes for material accounting non-compliances: Acra

THE Accounting and Corporate Regulatory Authority (Acra) has found that there is room for improvement in the quality of financial statements issued by companies incorporated in Singapore.


Singapore condo resale volumes recovering with prices stable in June: SRX

AN estimated 497 units were resold last month, representing a 174.6 per cent increase, or more than double the 181 units resold in May this year.


GE2020: PSP nominates Leong and Poa for the two Non-Constituency MP seats

DESPITE earlier reservations, Progress Singapore Party (PSP) assistant secretary-general Leong Mun Wai and vice-chairperson Hazel Poa will take up the two Non-Constituency Member of Parliament (NCMP) seats in Singapore's 14th Parliament. 


Koon Holdings to wind up precast division; sells stake in Australian firm

KOON Holdings on Tuesday said it has decided to wind up its precast division, so as not to jeopardise the group's ongoing restructuring.


NTUC Income to issue S$800m in 30-year subordinated notes

THE notes are NC20, which means they cannot be redeemed before the 20-year mark. 


Corporate earnings


The STI today

STI drifts 10.89 points lower to 2,620.19 after Q2 GDP advance estimates, pharma stocks jump

THE Straits Times Index drifted through the day to end at 2,620.19, marking a decline of 10.89 points or 0.41 per cent for the day.

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