Daily Debrief: What Happened Today (Jan 20)
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ShopBack has surpassed S$1 billion in cashback to users, emphasizing the importance of experimentation. An Imas survey reveals that 52% of Singapore fund managers expect the Straits Times Index to rise by 5-10% by 2026. Singapore SMEs remain in expansion mode in Q4 2025, though growth may slow. Private real estate fundraising increased by 29% year-on-year to US$222.2 billion in 2025. The Ministry of Trade and Industry states that US semiconductor tariffs will have minimal impact on Singapore. Malaysia's trade reached a record RM3.1 trillion in 2025, driven by strong electronics exports.
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