Singapore

Daily Markets Briefing: STI up 0.78%

Sembcorp Industries led the gains amongst top active stocks with a 8.94% expansion.

Daily Markets Briefing: STI up 0.78%

Sembcorp Industries led the gains amongst top active stocks with a 8.94% expansion.

Chart of the Day:Last month's new home sales highest for August since 2012

Sales last month also outperformed previous crises and periods of cooling measures.

Pandemic impact on Singapore's supply chain, procurement 'mixed'

Booming digital demand for goods and services is driving hiring opportunities.

Shell Singapore floats staff upskilling scheme

The firm will channel $10m received from the Jobs Support Scheme.

ST Eng, NUS partner on $9m programme for Singapore's smart future

It kicks off with two research projects on AI and traffic management.

Adventus Singapore Pte Ltd earns SBR National Business Awards for IT Services

The company was lauded for providing better end-user support for Next Story Group.

Daily Markets Briefing: STI up 0.13%

Wilmar International led the gains amongst top active stocks with a 0.48% expansion.

Chart of the Day: Local demand anchors Singapore's property market

Singaporeans comprised 8.4.% of all new non-landed home sales.

COVID-19 vaccines could be the aviation sector's saving grace: analyst

SATS’ Coolport@Changi may play a critical role in vaccines' mass distribution across APAC. The aviation sector is not expected to make any improvement by end-2020 as borders remained close in Q4, reports UOB Kay Hian. But one saving grace remains: the development of a vaccine by Q1 2021, which will benefit the sector even before air traffic begins to recover. Right now orders are expected to remain closed, possibly even until Q1 2021, which will weigh on the sector. Even if they open up, majority of Asian countries continues to impose 14-day quarantine on all arrivals, and the prospects of a cumulative 28-day quarantine will likely discourage travel, noted UOB Kay Hian analyst K Ajith. The development of a vaccine is then critical for companies within the sector, as they are expected to be the direct beneficiary of its mass distribution. News on vaccine development is notedly positive, with the general expectation being that a working vaccine would be available by early-2021. Meanwhile, the World Health Organisation (WHO) expects mass vaccination to commence only by mid-2021. Amongst companies, SATS is expected to directly benefit thanks to Coolport@Changi, which is ISO certified and is the world’s first centre of excellence for pharmaceutical handling. This is likely to be used for critical pharmaceutical logistics and the handling of vaccines for the APAC region, according to Ajith.

SIA may exhaust $8.8b debt proceeds before market recovers: analyst

As of August, the carrier has already utilised $4.4b of the proceeds.

SIA begins employee retrenchments

All affected staff will receive their salaries in lieu of their notice period.

UOB grants $272m sustainability-linked loan to Wilmar

ESG ratings provider Sustainalytics will measure Wilmar’s performance.

Insurtechs Surer, My-Insurer partner to streamline advising process

They will upskill each others' user base through discounted pricing and joint education.

Google signs multi-year renewable energy deal with Sembcorp

This includes energy generated from 500 housing flats with rooftop solar installations.