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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.


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.

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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.


 

 

 

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