Daily Debrief: What Happened Today

Singapore Economic Data

Singapore economy grows faster than expected in Q4, full-year 2016

Lifted by a strong December performance, the Singapore economy grew faster than expected in the fourth quarter and for the whole year of 2016.

CapitaLand Mall Asia to buy 4 properties in Tokyo for S$636.3m

Capitaland's shopping mall arm, CapitaLand Mall Asia, will buy four office and retail properties in Japan for S$636.3 million, inclusive of transaction costs.

Singapore Medical Group places out S$15m of shares to S Korea's CHA Healthcare

Singapore Medical Group (SMG) has, through a S$15 million share placement, ushered the entry of South Korea's CHA Healthcare Co as a major strategic shareholder.

Insurer Zurich merges global corporate and commercial units

Swiss insurer Zurich has announced the new structure of its commercial insurance business in the Asia-Pacific (Apac) region, following the merging of its global corporate and commercial units.

Stratech proposes to undertake rights issue to raise up to S$31m

The Stratech Group proposes to undertake a rights issue to raise up to S$31 million in net proceeds, mainly to repay its short-term and interest-free loans.

Corporate Earnings

The STI Today

Singapore stocks finish mixed on Friday despite STI's rise

US President Donald Trump said this week that his administration is running like a "fine-tuned machine" despite his national security adviser being fired; his pick for Labour Secretary pulling out of the running for the job; and his choice of a replacement national security adviser rejecting the offer.