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Daily Debrief: What Happened Today

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Singapore economy expanded 3.6% in 2017; slower growth expected this year
SINGAPORE'S economy expanded 3.6 per cent last year - faster than initial estimates - thanks largely to strong growth in the manufacturing sector.

Economists maintain view of moderated 2018 growth after forecast-beating 2017
ECONOMISTS in Singapore kept to their expectations for slightly slower growth in 2018 and for a tightening of monetary policy after official figures on Wednesday placed 2017 GDP (gross domestic product) growth at a higher than expected 3.6 per cent.

Singapore non-oil exports up 8.8% in 2017, forecast for 2018 revised upwards
SINGAPORE'S trade staged a turnaround in 2017 as growth rates reached a seven-year high, with the government also upgrading its forecast for 2018.

Singapore manufacturing continues to outshine services in Q4, but shows clear signs of slowing down
MANUFACTURING, which makes up a fifth of the economy, grew 4.8 per cent year on year in Q4, revised down from earlier advance estimates of 6.2 per cent year on year.

Market voices on:

Developers sold 522 private homes excluding ECs in January, up from 431 in December: URA data
THE above figures, released by the Urban Redevelopment Authority (URA) on Wednesday based on its surveys of licensed housing developers, exclude executive condos or ECs, which are a public-private housing hybrid.

Singapore condo rents up 0.5% in January; HDB rents drop 0.2%: SRX
RENTS for condominiums and private apartments reversed course last month to notch a small increase while HDB rents slipped for a third consecutive month, according to the latest flash estimates from real estate portal SRX on Wednesday.

Brokers' take: DBS, CGS-CIMB upgrade on SIA as airline set to benefit from global economic recovery
TWO research houses - DBS Group Research and CGS-CIMB Securities Research - have upgraded their target prices for Singapore Airlines (SIA) by at least 13 per cent, following news of a 62 per cent jump to S$286.1 million in net profit that the airline posted for the third quarter.


Corporate Earnings

The STI today

Singapore shares end a shade lower ahead of US CPI data 
SINGAPORE shares ended a tad lower on Wednesday as traders await the release of a key US inflation data - the consumer price index (CPI) - later tonight.