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Daily Debrief: What Happened Today
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FOURTH-quarter gross domestic product (GDP) growth came in at 2.2 per cent year on year, slightly lower than the 2.3 per cent expansion clocked in the previous quarter.
HOWEVER, for 2018 as a whole, the private residential property price index increased 7.9 per cent, outpacing the 1.1 per cent increase chalked up in 2017.
OWNERS at Horizon Towers seem to have made nailing an en bloc deal a new year's resolution, as they relaunched their collective sale tender on Wednesday at the same S$1.1 billion reserve price as before.
S&P Global Ratings believes that NTUC Income's risk position has improved based on the insurer's reduced dependence on non-traditional forms of capital and its managed exposure to risky assets.
TEMASEK Holdings subsidiary Fullerton Fund Management is building up a new private equity team, which will take the Asia-based investment specialist's capabilities beyond its existing focus on equities, fixed income, multi-asset and alternatives.
The STI today
SINGAPORE shares closed lower on Wednesday as weak Chinese PMI figures weighed on Asian markets, with the Straits Times Index down 29.87 points or one per cent to 3,038.89.