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Daily Debrief: What Happened Today

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The Singapore dollar fell sharply on Wednesday after a weaker-than-expected yuan fixing by China's central bank.

Sing dollar falls sharply; market 'shocked' by weaker yuan fixing

The Singapore dollar was quoted at 1.4324 to the US dollar at 3.24pm, according to Bloomberg, just shy of the 52-week low of 1.4342 on Oct 2, 2015.

Small car COE premium falls by over S$9,000

Replacement car buyers rejoiced on Wednesday when the small car category got off to a good start in 2016 - it plunged more than S$9,000 to a 41/2-year low in the first Certificate of Entitlement (COE) bidding exercise of the year.

Market voices on:

Singapore business leaders raise concerns, issues in SBF position paper

In a 32-page position paper released on Wednesday, the Singapore Business Federation stressed the need to undertake a "deep review" of the country's existing strategies and to come up with new responses to tackle them.

Regulations, agencies' collaboration needed to boost building productivity: Tharman

Regulations and collaboration among various agencies still need to be ironed out as Singapore's builders continue to improve their construction productivity, Deputy Prime Minister Tharman Shanmugaratnam said on Wednesday.

Singapore business conditions healthy for 7th straight month in December

Business conditions have remained healthy for the past seven months, based on the latest Nikkei Singapore Purchasing Managers' Index (PMI).

Brokers' take: Macquarie downgrades Keppel, SembMarine, Sembcorp Industries

Singapore's offshore and marine sector is in structural decline, and the business models of Singapore shipyards will be facing "immense pressure" in the next five years, said Macquarie Research.

The STI Today

Singapore shares close weaker on yuan worries

The local stock market continued to be plagued by weak sentiment on Wednesday as the Straits Times Index recorded its third straight fall, albeit in slightly improved volume.