SINGAPORE (May 26): The benchmark Straits Times Index (STI) dipped 1.8% week-on-week to 2534.29 this morning on dented hopes for a Covid-19 vaccine, and global economic uncertainty.

The news also comes on the lowered projections for Singapore’s economy this year. The Ministry of Trade and Industry (MTI) announced a lowered gross domestic product (GDP) forecast of -7% to -4% this year, from its previously estimated contraction of 1% to 4%.

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