Daily Debrief: What Happened Today (Jan 15)
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Singapore maritime breaks new records for arriving traffic, box throughput, fuel sales
SINGAPORE posted new highs for annual vessel arrival tonnage, container throughput, total bunker sales, sales of alternative bunker fuels, and total tonnage of ships under the country’s flag in 2024.
Bank Indonesia surprises with rate cut, prioritising economic growth over currency stability
IN A surprise move on Wednesday (Jan 15), Bank Indonesia slashed its benchmark interest rate by 25 basis points to 5.75 per cent, defying market expectations and signalling a shift in focus towards revitalising South-east Asia’s largest economy amid signs of a slowdown.
New home sales shrink in December after November spike, but are 50% higher on year
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DEVELOPERS sold a total of 203 new homes excluding executive condominiums in December 2024, as sales receded from an extraordinary surge in the month before, but are 50 per cent higher than the 135 units sold in the year-earlier period, data released by the Urban Redevelopment Authority showed on Wednesday.
Grab partners BYD to expand electric vehicle fleet offering across South-east Asia
GRAB is teaming up with Chinese carmaker BYD to provide up to 50,000 BYD electric vehicles to its driver-partners across South-east Asia.
Singapore shares decline at Wednesday’s close; STI retreats 0.4%
SINGAPORE shares closed lower on Wednesday, as investors worldwide await key inflation data in the US that will set interest rate expectations.
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