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Daily Debrief: What Happened Today
Singapore's economy grew by 4.6 per cent compared to a year ago for the third quarter of 2017, based on advance estimates of gross domestic product (GDP) growth by the Ministry of Trade and Industry (MTI) on Friday morning.
- Quick takes: Singapore's Q3 GDP likely to be strongest this year; MAS neutral stance expected, but seen dovish
The Monetary Authority of Singapore (MAS) maintained a neutral monetary policy of zero appreciation for the trade-weighted Singapore dollar exchange rate on Friday, and reiterated its view that such a stance was "appropriate for an extended period".
The Singapore government will ensure that services provided to small and medium enterprises (SMEs) remain when it merges Spring Singapore and IE Singapore into a single business-focused agency called Enterprise Singapore, Senior Minister of State for Trade and Industry Sim Ann said on Friday.
Asean member states signed five agreements at the close of the 23rd Asean Transport Ministers Meeting on Friday that will - among other things - help further liberalise air services in the region, improve the safety and efficiency of air travel and enable the seamless movement of passengers across borders.
EMS Energy's auditors BDO have issued a disclaimer of opinion on the company's consolidated financial statements for FY2016 stemming from a lack of appropriate audit evidence.
DBS Group Research maintains its "buy" call on ThaiBev's entry into the Myanmar market, continuing with its previous 12-month target price of S$1.07 with a 13 per cent upside, it said in a research note.
Tycoon Oei Hong Leong has requested to convene an extraordinary general meeting (EGM) to oust Raffles Education chairman, Chew Hua Seng.
Malaysian company Top Glove has posted a 51 per cent rise in net profit to RM98.6 million (S$31.6 million) for the fourth quarter ended Aug 31, 2017, from RM65.3 million in the year-ago period.
The STI Today
The Straits Times Index (STI) finished Friday's session with a gain of 16.02 points or 0.49 per cent at 3,319.11, lifted by shares of market movers including OCBC, UOB and ThaiBev.