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Daily Debrief: What Happened Today

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MAS keeps monetary policy stance after Singapore's Q2 GDP growth beats forecast
SINGAPORE's economy grew at a faster rate than market's expectations in the second quarter, prompting the government to narrow its growth forecast for this year and keep its monetary policy stance.

Singapore aims to achieve cashless vision for public transport by 2020
The Land Transport Authority (LTA) and TransitLink will progressively remove cash payment options over the next few years for public transport transactions, in a bid to achieve a cashless vision for Singapore's public transport by 2020.

Singapore's services growth picks up pace; manufacturing still leads economic expansion in Q2
SINGAPORE'S services sector showed signs of improvement in the second quarter, while manufacturing continues to be the star performer, although growth came at a slower pace, according to the latest data released by the Ministry of Trade and Industry on Friday morning.

Singapore retail sales up 1.9% in June from a year ago
SINGAPORE retail sales rose 1.9 per cent in June, compared to a year ago, the Department of Statistics said on Friday. Excluding motor vehicles, retail sales increased 4 per cent.

Market voices on:

Singapore non-oil domestic exports growth slows sharply to 2.7% in Q2
NON-OIL domestic exports (NODX) continued to grow year on year in the second quarter but the pace slowed sharply from 15.3 per cent in the first quarter to 2.7 per cent.

Time for government to review Qualifying Certificate policy again: CDL's Kwek Leng Beng
CITY Developments' executive chairman Kwek Leng Beng once more called for the government to ease land-banking measures for property developers, even as residential prices seem to recovering.

Corporate Earnings


The STI Today

Singapore stocks finish weaker on US-North Korea worries
TENSIONS surrounding North Korea's planned missile tests and the potentially harsh US retaliation that might ensue brought the sellers out on Friday and sent the Straits Times Index down 43.52 points or 1.31 per cent to 3,279.72.