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Daily Debrief: What Happened Today
Minister in the Prime Minister's Office Chan Chun Sing on Friday said the Government is keeping a close watch on the economy and will not hesitate to step in to help if needed.
The Singapore government on Friday launched its food manufacturing industry transformation map, hoping to cook up a 4.5 per cent annual productivity improvement and 2,000 new skilled jobs by 2020.
Domestic wholesale trade in Singapore contracted by 13.8 per cent in the third quarter of this year compared to the same period in 2015, said the Department of Statistics Singapore on Friday (Nov 18) in its latest report.
Malaysia's central bank said it's intervening in the currency market as policy makers across the region contend with exchange-rate volatility.
The US dollar vaulted to 13 1/2-year highs against a basket of major currencies after Federal Reserve Chair Janet Yellen signaled an interest-rate hike could be imminent.
It's not even Thanksgiving yet, but Goldman Sachs Group Inc is already preparing for 2017. In a note to clients on Thursday, a team led by Chief Credit Strategist Charles Himmelberg released its top ten market themes for next year.
The STI Today
THE Straits Times Index (STI) on Friday rose 25.17 points to 2,838.65, thanks to gains in the Jardine stable, Genting Singapore and Singtel. This came with 1.3 billion units worth S$1.09 billion traded and brought the STI's rise for the week to 24 points or 0.9 per cent.