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Daily Debrief: What Happened Today
As Singapore adjusts to slower growth over the next 50 years, the government on Tuesday outlined its plans to keep the nation a place "where dreams are built and aspirations can be fulfilled".
Singapore's Sembcorp Industries Ltd may inject funds into Sembcorp Marine Ltd or buy full control of the drilling rig builder to replenish finances strained by a collapse in oil prices, people familiar with the matter said.
Apple has informed developers that it is planning to change App Store pricing in a number of countries, including Singapore, within the next 72 hours.
Singapore Post (SingPost) has tapped PricewaterhouseCoopers (PwC) as the special auditor for a probe into the postal and e-commerce group's corporate governance, it said in a Singapore Exchange filing on Tuesday after the market closed.
The property developer on Tuesday said it has accepted the resignation of Goh Ann Nee as CFO, and her last day with the company will be Jan 26, 2016.
China's economy grew 6.8 per cent in the fourth quarter from a year earlier, matching expectations and the slowest since the global financial crisis, putting pressure on Beijing to roll out more support measures as fears of a sharper slowdown panic investors.
The STI Today
A 200-point rise in the Dow futures on Tuesday and the release of weak economic data in China helped the Straits Times Index (STI) bounce 45.47 points or 1.75 per cent to 2,638.47 as traders bet on Wall Street - which was closed on Monday for Martin Luther King Day - rebounding from Friday's devastating loss on Tuesday and more government stimulus in China.