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Daily Debrief: What Happened Today
Volatility in the financial markets has taken its toll on CEO confidence with just 28 per cent of business leaders now "very confident" their organisation will see revenue growth in the next 12 months.
City Developments Ltd (CDL) deputy chairman and executive director Kwek Leng Joo, 62, has died in his sleep on Monday morning due to a sudden heart attack.
Developers in Singapore sold 546 private non-landed homes in October, which marked a 60 per cent jump from 341 in September, the latest data by the Urban Redevelopment Authority (URA) showed.
Singaporeans believe in job loyalty with 59 per cent of Singaporeans wanting to stay with an employer for more than five years, according to a survey conducted by recruitment firm Hays.
"To deal with this problem, you cannot only deal with the extremists who are going to physically commit the terrorist act. You have to deal with the ideology, and the social fabric from which they could spring," said Prime Minister Lee Hsien Loong at a working dinner on terrorism and the refugee crisis.
Doug Ramsey, whose bearish research foreshadowed the US stock market's first correction since 2011, says the rebound that has lifted equities since August doesn't mean the mispricings that drove the rout have gone away. If anything they're worse, according to the chief investment officer of Leuthold Weeden Capital Management LLC.
The STI Today
The Straits Times Index opened the week with its seventh consecutive loss, dropping 9.95 points at 2,915.73. The selling was said to be partly a knee-jerk reaction to the weekend's terror attacks in Paris, though a wobbly Friday session on Wall Street before those attacks also played a major role in the selling here.