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Daily Debrief: What Happened Today
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Singapore policymakers will review a 1.5 to 2.5 per cent economic growth forecast for this year as the United States-China trade war hits investments, trade and manufacturing in the city, central bank chief Ravi Menon said on Thursday.
MAS managing director Ravi Menon said the measures were only implemented a year ago and it takes time to allow them to work their way. But price increase has dampened and the market is more sober, and there is a good balance holding up the market.
THAT sum, which has been set aside for the coming year, will go to exploring and testing 5G use cases identified as strategic, with strong growth potential and global opportunities.
FOUR business and client units – fixed income, currencies and commodities; equities (cash & derivatives); data, connectivity and indices; and global sales and origination – will report to CEO Loh Boon Chye from July 1 onwards.
THIS is the second lapsed privatisation deal this week, after the buyout offer for mainboard-listed Indofood Agri Resources fell through on Wednesday due to insufficient acceptances.
PRICES start from S$1.6 million for a two-bedroom unit, and S$6.1 million for a five-bedroom unit.
The STI today
THE renewed optimism saw the Straits Times Index (STI) reverse losses of recent sessions, finishing 3,328.60 on Thursday, gaining 27.15 points or 0.8 per cent in the process.