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Daily Debrief: What Happened Today
The Year of the Sheep in 2015 turned into a slaughter as Singapore stocks registered their worst showing since 2011.
The key three-month Sibor jumped to a new multi-year high of 1.18513 per cent, up 0.04978 on Thursday, the last day of 2015.
Loans through the domestic banking unit - which essentially captures lending in all currencies but mainly reflects Singapore-dollar lending - stood at S$604 billion last month, up 0.4 per cent from October, the MAS figures showed. In October, bank lending stood at S$602 billion, down 1.1 per cent from September.
If you want to know precisely how well the Singapore economy is doing, you may want to give the advance estimate due Jan 4 a miss and wait for the final reading in February.
Utilities group Sembcorp Industries has named restructuring specialist Nicky Tan Ng Kuang, who runs nTan Corporate Advisory, to its board executive committee as an independent non-executive director with effect from Jan 1, it said on Thursday morning.
We take a look back at the most-read stories and infographics on our site over this past Golden Jubilee year.
The STI Today
In some senses the week just past was a microcosm of the year just past, with prices drifting lower in poor volume and the only meaningful interest coming in the 30 Straits Times Index (STI) components.