MARKET UPDATES :
- THE Singapore economy is officially expected to grow 2-4 per cent this year: the exact same forecast as a year ago for 2014. But this range could mean either a pick-up in growth or further slowdown in 2015 – and it’s anyone’s guess given the diverse range of risks to growth, both domestic and external. Advance estimates last Friday put Singapore’s 2014 growth at 2.8 per cent – in the lower half of the government’s forecast range and significantly slower than 2013′s 3.9 per cent. For now, market economists expect some improvement in 2015, with a median forecast of 3.2 per cent growth this year.
- SINGAPORE’S Chief Justice on Monday announced the appointment of four new senior counsel (SC) at the opening of the new legal year, bringing the number of SC to 59.They are: Lee Kim Shin, formerly a judicial commissioner of the Supreme Court.
- Singapore shares ended the second trading day of the New Year notably lower on profit-taking as investors pondered data released last week showing pockets of weakness in several economies and the implications of a potential exit from the euro zone by Greece, which will hold snap elections on Jan 25.Decliners outnumbered gainers 257 to 165, with some 1.26 billion shares worth $844.6 million changing hands.
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