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Daily Debrief: What Happened Today
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WITH Mr Heng's appointment, the party's 4G leaders provided the answer to the pressing question of who will succeed Prime Minister Lee Hsien Loong to lead the country.
RISING interest rates and pressure on currencies could weaken the ability of sovereigns, corporates and households to service debt, particularly for those which have borrowed in foreign currencies, said the MAS.
FITCH Solutions expects that the drop in new vehicle registrations will worsen sharply from an estimated 11 per cent contraction in 2018, to 20.1 per cent in 2019.
IN a filing with the Singapore Exchange on Friday, Hyflux said: "The company and its advisers will engage with various stakeholder groups to obtain their views on the intended scheme of arrangement to be proposed to creditors, and this process is currently underway and expected to continue over at least the next one to two months and will progressively extend to the various stakeholder groups."
BOTH GorillaSpace - a marketplace for workspaces, and Talox - a cloud-based leasing and asset management platform, are in talks with Lendlease to use their products for the property developer's upcoming mixed-use development Paya Lebar Quarter.
The STI Today
SINGAPORE stocks ended higher on Friday, with the Straits Times Index rising 11.11 points, or 0.4 per cent to 3,052.49.