Daily Debrief: What Happened Today

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Singapore's 2021 growth forecast upgraded to between 6-7%

GROSS domestic product (GDP) grew 14.7 per cent year on year in the second quarter, better than preliminary estimates of 14.3 per cent, and improving upon Q1's 1.5 per cent growth, upon a low base in the year-ago period.

Looming high base not expected to deter rebound in Singapore's exports in 2021

WITH non-oil domestic exports (NODX) now expected to grow by 7 per cent to 8 per cent year on year for the full year, Singapore is tipped to turn in its best showing since 2017.

Singapore secured S$3.6b in fixed asset investment commitments in Q2

MANUFACTURING investments accounted for the largest share of fixed asset investment, at S$2.5 billion.

Global state-owned investors' AUM hits US$30t; GIC and Temasek lead growth

SINGAPORE GIC and Temasek Holdings led the growth in sovereign wealth funds, with estimated gains at 37.5 per cent and 24.5 per cent, respectively.

Singapore is top destination for overseas real estate investments in H1: RCA

INVESTMENT activity in Singapore's real estate market almost doubled in the first half of 2021 to US$4.7 billion worth of acquisitions, up 97 per cent from a year ago.

Pines club members appeal against S$1,500 award in class action on Peter Kwee and Co

THE appellants are also appealing against the finding that they failed to prove they have suffered loss arising from Exklusiv Resorts' breach of contract.

Corporate earnings

• PropNex Q2 net profit more than doubles to S$16.5m
• Centurion H1 net profit falls 58% on decline in student accommodation revenue
• Yoma Q3 revenue up 2.1%; flags 'severe impact' on business from third Covid-19 wave in Myanmar

The STI today

STI falls 0.85% as traders snub upbeat macro data

THE key Straits Times Index (STI) fell 27.36 points or 0.85 per cent to 3,180.00.