The Week In Numbers: Three Rate Hikes Next Year?

So they have finally done it. The US Federal reserve has lifted interest rates by 0.25% to 0.75%. The Fed also said it could raise interest rates three times in 2018. The greenback edged up against a basket of currencies. But Asian markets appear to be taking the news in their stride.

With a bid of S$105 million, TPG Telecom has won the rights to become Singapore’s fourth telecom operator. It pipped MyRepublic to the post, which submitted a bid of S$102.5 million. So near, yet so far.

TPG is set to begin operations in 2018, which will give the three incumbents, namely, Singtel (SGX: Z74), StarHub (SGX: CC3) and M1 (SGX: B2F) around 18 months to come up with a strategy to retain customers.

A 350-kilometer high-speed train service will eventually link Singapore and Kuala Lumpur. The estimated travel time between the two cities will be around 90 minutes. Currently, it takes about five hours by car and a tad under an hour by plane. But there’s no need to book your ticket just yet – the service won’t be up and running until 2026.

Economists expect the Singapore economy to only grow 1.4% this year. What’s more, they don’t expect much improvement next year, either.

The economy might only expand 1.5% in 2017. It was only in September that analysts had expected the economy to grow 1.8%, which was down from earlier estimates of 1.9% and 2.2%. Think of a number, any number will do.

And finally, the US has proposed that all new cars should be fitted with technology that can “talk” to each other. The Transportation Department reckons that it could save tens of thousands of crashes annually. In the US, there were 6.3 million crashes last year. Clunk, click, every trip.

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