Daily Debrief: What Happened Today

Q3 GDP Growth

Singapore Q3 GDP grows 0.6% year-on-year, below expectations

The Singapore economy performed worse than the market had expected in Q3, expanding just 0.6 per cent compared to a year ago, according to advance estimates of gross domestic product (GDP) released by the Ministry of Trade and Industry (MTI) on Friday morning.

Update: MAS maintains neutral policy stance for Singapore dollar

MAS said on Friday that it will maintain the flat slope of the Singapore dollar policy band at zero per cent, even as the city state's economic growth slows and inflation remains low.

Singapore's Sept exports seen down, keep pressure for stimulus

Singapore's exports are expected to have fallen in September due to persistent slack in the global economy and as the latest data from China showed renewed weakness in its trade sector, maintaining pressure for more stimulus in the city state.

Goodwood Park Hotel's holding firm makes offer for minorities' stakes

Hotel Holdings, which is the Khoo family's holding company of the now-delisted Goodwood Park Hotel, on Friday launched a voluntary unconditional cash offer for all the remaining shares in the company that it does not own at S$43 per share.

Marco Polo gets green light for S$50m note restructuring

Noteholders on Friday gave the nod to proceed with the proposed restructuring of S$50 million medium term notes (MTN) issued by Marco Polo Marine.

Singapore retail sales down 6.5% in August

Retail sales in Singapore excluding vehicles tumbled 6.5 per cent in August from the previous year, figures from the Department of Statistics showed on Friday.

Corporate Earnings

The STI Today

Singapore shares close higher on Friday, but are lower for the week

The local stock market has always been driven more by external rather than internal factors and this week was no different.