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Daily Debrief: What Happened Today
Singapore's non-oil domestic exports (NODX) declined by 7.2 per cent year-on-year in December 2015 to S$12.85 billion, after the 3.4 per cent decrease in the previous month, due to a contraction in both the electronic and non-electronic segments.
Shares of Koyo International took a heavy beating on Monday, plunging 83.5 per cent after the Singapore Exchange (SGX) warned investors to trade them with caution.
"The prosecution will proceed with the appeal against the sentences imposed on the six accused persons, and we have accordingly filed our Petition of Appeal on Jan 15, 2016," an Attorney-General's Chambers spokesman said.
Multiple challenges seen in the global world economy have driven expectations of inflation here to their lowest ever, with the median expectations for prices surveyed in the fourth quarter of 2015 for the year ahead coming in at 2.74 per cent.
Oil prices plunged below US$28 a barrel early Monday, hitting energy firms and extending losses across Asian markets after sanctions were lifted against Iran, allowing the key producer to resume crude exports.
- M1's Q4 profit eases 2.1% to S$43.6m; final dividend down
- Keppel Reit's Q4 DPU rises to 1.68 Singapore cents
- CosmoSteel expects loss in Q1 2016
The STI Today
There were no surprises in Monday's trading as the Straits Times Index dropped 37.76 points or 1.44 per cent to 2,593 following Friday's Wall Street blowout and a slide in oil to US$28 per barrel.