Daily Debrief: What Happened Today
Stories you might have missed
Singapore 2017 GDP growth 'likely higher' than last year's 2%: MTI
Singapore's economic growth this year is likely to be better than last year's 2 per cent, even as the city-state's Ministry of Trade and Industry (MTI) keeps its earlier forecast range of 1 to 3 per cent for 2017.
Singapore NODX expand 15.2% in Q1, full year 2017 growth forecast raised
Singapore's non-oil domestic exports (NODX) expanded by 15.2 per cent year-on-year in the first quarter of this year, extending the 2.7 per cent increase in the previous quarter, on increased shipments of both electronic and non-electronic products.
Growth in Singapore's manufacturing sector moderates to 8% year-on-year in Q1
Moderation is seen in Singapore's manufacturing sector in the first quarter, based on the latest data released by the Ministry of Trade and Industry on Thursday.
Singapore shipyards secured S$820m in new orders in 2016, down from S$4.9b in 2015
Singapore shipyards secured some S$820 million in new orders last year, a sharp drop compared to the S$4.9 billion contracted in 2015, the Association of Singapore Marine Industries (ASMI) said.
Singapore files written observation with ICJ on Malaysia's bid to revise Pedra Branca judgement
Singapore has filed its written observation with the International Court of Justice (ICJ) on the admissibility of Malaysia's application to revise the ICJ's 2008 judgement in the case concerning the sovereignty over Pedra Branca, Middle Rocks and South Ledge.
Hot stock: Vallianz shares edge higher by 12% on news of settlement agreements
Shares of Vallianz Holdings which resumed trading on Thursday morning rose 0.2 Singapore cent or nearly 12 per cent to 1.9 Singapore cents as at 9.57 am.
Corporate Earnings
The STI Today
Banks lead Singapore stocks higher; STI gains 0.1% to 3,234.37
Financials led the Singapore stock market to a modest gain on Thursday, with the Straits Times Index (STI) nudging up 0.1 per cent or 3.13 points to 3,234.37.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month