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Daily Debrief: What Happened Today
After a faster-than-expected surge in November, Singapore’s factory output for the last month of 2018 failed to meet economists' expectations, buttressing talk that the manufacturing sector is set to slow in the months ahead.
Private home prices in Singapore eased by 0.1 per cent in the fourth quarter of last year, after inching up 0.5 per cent the previous quarter, according to data released by the Urban Redevelopment Authority (URA) on Friday.
A multi-year roadmap is in the works to identify cyber threats and develop solutions to protect Singapore's connectivity infrastructure, the Infocomm Media Development Authority announced on Friday.
Rents for retail space in the central region of Singapore rose by 1.2 per cent in the fourth quarter of 2018 over the previous three months - contrasting with the drop of 1.2 per cent in the third quarter, according to data released by the Urban Redevelopment Authority (URA) on Friday.
Rents of office space in the central region of Singapore rose by 0.5 per cent in the fourth quarter of 2018 over the previous three months - a slower pace of gain compared with the 2.5 per cent rise in the third quarter, figures from the Urban Redevelopment Authority (URA) showed on Friday.
Singapore agri-business Olam International plans to sell off four business segments in the next six years to unlock some US$1.6 billion, according to a six-year strategic plan released by the company on Friday before the market opened.
Real estate developer First Sponsor Group has acquired a hotel property in Milan, Italy for about 9.3 million euros (S$14.4 million) in cash from BNP Paribas real estate investment fund Fondo Kona, according to market filings on Friday before the market opened.
The STI Today
Singapore stocks closed higher on Friday, with the Straits Times Index up 0.36 per cent or 11.52 points to 3,202.25. About 1.63 billion securities worth S$1.05 billion changed hands, which worked out to an average unit price of S$0.64. Gainers outnumbered losers 229 to 160.