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Daily Debrief: What Happened Today
The investment commitments in 2015 either met or exceeded the Economic Development Board's (EDB) forecasts for all indicators, the statutory board announced in a statement on Tuesday.
In the first legal case involving a massive probe into Malaysia's 1Malaysia Development Berhad, a criminal motion will be heard on Friday at the Singapore high court involving a senior private banker with BSI Singapore.
Singapore investors may be diligent in saving and tracking their expenses, but the majority (69 per cent) regret not planning their investments better. One in three also hold debt, excluding mortgages.
The Singapore Exchange (SGX) will grant about 20 mainboard-listed companies an additional six months to meet the coming minimum trading price requirement in light of market volatility in January, the market operator announced on Tuesday.
A key interest rate, the three-month SOR or swap offer rate continues to fall steeply as the US dollar (USD) takes a breather.
The ringgit declined the most in Asia and stocks fell as state-investment company 1Malaysia Development Bhd came back to haunt the currency just as a pickup in oil was stoking a recovery.
The STI Today
The Straits Times Index on Tuesday dropped 23.18 or 0.9 per cent to 2,579.23 in tandem with a weak session for the Dow futures that indicated Wall Street might come under pressure. Turnover amounted to 669 million units worth S$993 million, down from Monday's S$1.07 billion and excluding warrants there were 167 rises versus 210 falls.