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Daily Debrief: What Happened Today

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Minister for Communications and Information Yaacob Ibrahim at Innovfest Unbound 2017. He said in his speech that it will be "all hands on deck" for the government to help businesses succeed in the digital economy.

Up to S$150m boost for Singapore's artificial intelligence push (Amended)
UP to S$150 million will be committed to AI.SG, a new national programme that seeks to boost Singapore's capabilities in artificial intelligence (AI).

HDB resale flat prices, transactions ease in April: SRX Property data
THE prices and transaction volumes of Housing & Development Board (HDB) resale flats eased in April 2017, latest SRX Property flash estimates show.

UOB's FDI advisory unit draws S$27b in business flows into Asean in 2016
UNITED Overseas Bank (UOB) said on Thursday it continues to see more flows through its network of advisory units in Asean, that are aimed at drawing investments into the region.

Asean to focus on digital economy, trade facilitation in 2018 with Singapore as chair
DIGITAL economy will be a key priority for Asean next year as Singapore takes over chairmanship of the regional bloc, the city-state's Minister for Trade and Industry (Trade), Lim Hng Kiang, said on Thursday.

Market voices on:

Growth in China and Japan to anchor Asean+3 growth: report
GROWTH in China and Japan will anchor growth in the Asean+3 region, which is expected to slow slightly to around 5.2 per cent in 2017 and further deepen to 5.1 per cent in 2018, according to the inaugural flagship report of the Asean+3 Macroeconomic Research Office (Amro) released on Thursday.

TTJ buys land in Johor for RM38m to make prefab units
A UNIT of TTJ Holdings has agreed to buy property and equipment from Air Products Specialised Process Equipment Sdn Bhd for RM38 million (S$12.3 million), the group said in a Singapore Exchange filing on Wednesday evening.

Corporate Earnings

The STI Today

Singapore stocks finish mixed as banks drag STI lower
THE three banks have virtually single-handedly driven the Straits Times Index up about 62 points or 2 per cent on Tuesday and Wednesday, so it comes as no surprise that they also were almost solely responsible for Thursday's 9.19 points loss at 3,228.62.