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Daily Debrief: What Happened Today (Jul 17)
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Singapore's key exports saw a surprising 13% increase in June, following a revised contraction of 3.9% in May. mm2 Asia is considering winding up Cathay Cineplexes, while ST Engineering's SP Group plans to sell a joint venture for S$290 million, expecting an S$80 million gain. Trek 2000 International is divesting its S$8.2 million stake in Terrenus Energy, which is not generating income. Additionally, the cut-off yield for Singapore's six-month T-bill has dropped to 1.79%, marking the ninth consecutive decline since March 26.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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