Daily Debrief: What Happened Today (May 23)
Stories you might have missed
Singapore keeps 2024 growth forecast at 1-3%; no revision to Q1 growth
SINGAPORE has maintained its official full-year growth forecast for 2024 at a range of 1 to 3 per cent, as the external demand outlook remains resilient and is expected to improve for the rest of the year, the Ministry of Trade and Industry (MTI) said on Thursday (May 23).
SINGTEL sank into the red with a net loss of S$1.3 billion for its second half ended Mar 31, 2024, compared with a net profit of S$1.1 billion in the same period a year earlier.
COE premiums stable as big-car category edges toward S$106,000
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THE results of the bidding for Certificates of Entitlement (COE) in May’s second round were mixed, but stable. No category saw an increase of more than 3 per cent, although the category for large cars rose again, edging towards S$106,000.
Singapore’s inflation meets economists’ expectations in April, remains unchanged from March
SINGAPORE’S headline and core inflation for April were unchanged from month-ago figures and on a par with economists’ expectations, data from the Department of Statistics showed on Thursday (May 23).
Latest Singapore 6-month T-bill cut-off yield falls to 3.65%
THE latest Singapore six-month Treasury bill (T-bill) is offering a cut-off yield of 3.65 per cent, auction results released by the Monetary Authority of Singapore on Thursday (May 23) indicated.
Up to 20,000 homes, including public housing, planned for new Turf City estate in prime Bukit Timah
ABOUT 15,000 to 20,000 homes are in the pipeline for a new housing estate on the Turf City site, which will include the first public housing in Bukit Timah in 40 years.
Singapore stocks end higher as traders shrug off inflation worries; STI up 0.4%
LOCAL traders on Thursday (May 23) threw caution, pertaining specifically to persistent inflation concerns raised in the Federal Reserve’s May meeting minutes, to the wind, capitalising on opportunities in the stock market.
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