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Daily Debrief: What Happened Today
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THE MTI had already trimmed its growth expectations once this year, in May 2019, when it lowered the upper bound from 3.5 per cent, and forecast growth of 1.5 per cent to 2.5 per cent.
THIS is a much steeper fall compared to the 6.4 per cent drop seen in the first quarter, and is Singapore’s third straight quarter of NODX decline.
DESPITE the latest downgrade to Singapore’s full-year economic forecast, the MAS said its monetary policy stance has not changed since its last decision.
SINGAPORE'S three largest banks by assets - DBS, OCBC, and UOB - will face rising asset risk and slowing income growth in 2019 as economic conditions worsen, despite posting record results for the first half-year, Moody's Investors Service said in a report released on Tuesday.
TEMASEK-OWNED Heliconia Capital Management is taking a minority stake in homegrown gaming chair brand Secretlab, in a deal estimated at S$200 to S$300 million.
OWNERS of the residential units stand to receive between S$2.04 million and S$4.03 million each if the sale succeeds, marketing agent Colliers International said on Tuesday.
- HRnetGroup Q2 profit falls 11.5% to S$11.5m
- Rex International back in the black with US$23.6m Q2 earnings
- Halcyon Agri swings into the black for Q2
The STI today
THE Straits Times Index (STI) down by 1 per cent just after opening before ending at 3,146.73, down 22.21 points or 0.7 per cent on Tuesday.