Daily Briefing: Singapore economy suffers slowest pace of growth since 2009; OUE inks agreement to manage Oakwood Premier

And here's why Singaporean investors are considered conservative.

On an annual basis, Singapore's economic growth came at an anaemic 0.6%, its slowest pace since 2009. This came after a 17.4% slump in manufacturing, which makes up about a fifth of the economy. Read more of the story here.

Singapore-listed property group OUE announced that it has inked an agreement with Oakwood Asia Pacific to manage the new Oakwood Premier branded serviced residence in OUE Downtown. Renovations in Oakwood Downtown are scheduled to be completed by year-end. To know more of the story, click here.

Investors in the city-state are pessimists when it comes to their investment outcome. According to a survey conducted by Legg Mason, 63% of Singaporean investors were pessimistic about their investments of the year. Click here to find out why.

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