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Daily Debrief: What Happened Today
Economists now more upbeat on Singapore economic growth
PRIVATE-SECTOR economists are now considerably more upbeat about prospects for Singapore's economic growth this year, predicting that it will grow at a faster pace, with external-facing sectors leading the pack.
Unemployment up as more residents lost jobs, fewer job vacancies in 2016: MOM
TOTAL employment grew at a slower rate, reflecting cyclical weakness in parts of the economy, a structural slowdown in local labour force growth, and tightened foreign worker policy, said the Ministry of Manpower (MOM) on Wednesday.
Singapore developers sold 977 private homes in Feb, 2.6 times more than in Jan
ANOTHER 329 executive condominiums (ECs) were moved in February, also about 1.8 times more than that sold in January.
Improvement in productivity, but still a journey for tripartite partners: NTUC
OVERALL labour productivity in Singapore rose by 1.4 per cent in 2016, an improvement from the 1.0 per cent in 2015, according to an earlier release by the Ministry of Manpower (MOM) on labour market developments in 2016.
Car, motorbike COE premiums spike
IN the first bidding exercise of March, Category A - for cars below 1,600 cc or 130 hp - increased S$1,359 to S$50,789, while Cat B - for cars above 1,600 cc and 130 hp - jumped S$2,679 to S$53,300.
Grab to expand global R&D capabilities, add 800 jobs
IT has opened two new R&D centres in Bangalore, India and Ho Chi Minh City, Vietnam.
The STI Today
STI swings to red territory on Wednesday ahead of Fed rate call
THE benchmark Straits Times Index ended the session in the red, down 0.19 per cent or 5.97 points at 3,137.43, pulled down by laggers including Jardine Matheson and DBS, which offset gains of movers such as Wilmar International.