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Straits Times Index

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380 stories mentioning Straits Times IndexUpdated 2d ago

Singapore's benchmark surged Monday, tracking regional gains after a US-Iran deal to reopen the Strait of Hormuz lifted investor sentiment.

Singapore Core Inflation Accelerates to 1.6% in June on Higher Food, Services Prices
US Markets

Singapore Core Inflation Accelerates to 1.6% in June on Higher Food, Services Prices

Singapore's core consumer price index rose 1.6% year over year in June, faster than the 1.4% annual growth in May, according to joint data released Thursday by the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI).The core reading, which excludes accommodation and private transport costs, aligned with the consensus forecast tracked by Investing.com. On a month-over-month basis, core CPI inched up 0.1%.Food inflation increased to 2.1% from 1.8% in the previous month, while services picked up to 1.5% in June from 1.3% in May, and retail and other goods rose to 1.7% from 1.6%.Headline inflation, or CPI-All Items, accelerated to 1.9% in June from 1.8% in May, but missed the consensus forecast of 2.0%.MAS Core Inflation and CPI-All Items inflation are projected to average between 1.5% and 2.5% in 2026 on the heels of higher global energy prices.Inflation outlook risks are skewed to the upside as a slower resumption of global energy supplies could increase import costs for Singapore, the ministries said.

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Treasury

Shanghai Pudong Development Bank Files for Singapore Listing of 3 Billion Yuan Bonds

Shanghai Pudong Development Bank (SHA:600000) through its Hong Kong branch, filed for the listing of 3 billion yuan worth of 1.68% bonds due 2029 on the Singapore bourse, according to a filing with the Singapore Exchange on Thursday.The bonds will be listed and quoted on the Bonds Market on or about July 24, the bank said.

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International

Singapore's Core Inflation Edges Higher to 1.6% in June

Singapore's core consumer price index (CPI), which excludes accommodation and private transport costs, rose 1.6% year over year in June, according to joint data released by the Monetary Authority of Singapore and the Ministry of Trade and Industry on Thursday.The reading compared with the 1.4% pace recorded in May. It came in line with the consensus forecast of 1.6% tracked by Investing.com.Meanwhile, headline inflation (CPI-All Items) accelerated to 1.9% from 1.8% in the previous month, driven primarily by higher accommodation inflation alongside a pickup in food, services and retail & other goods inflation.MAS and MTI said MAS Core Inflation and CPI-All Items inflation are projected to average 1.5% to 2.5% in 2026, as elevated global energy prices gradually pass through supply chains

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Treasury

China Citic Bank International Files for Singapore Listing of 1.33 Billion Yuan Bonds

China Citic Bank International (HKG:0998, SHA:601998) filed for the listing of 1.33 billion yuan worth of undated non-cumulative subordinated add Tier 1 capital bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Thursday.The bonds fall under the bank's $3 billion medium-term bonds program.The bonds will be listed and quoted on the Bonds Market on or about July 23, the bank said.

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Treasury

China Citic Bank International Files for Singapore Listing of $500 Million Bonds

China Citic Bank International (HKG:0998, SHA:601998) filed for the listing of $400 million worth of undated Tier 1 capital bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Thursday.The bonds will be listed and quoted on the Bonds Market on or about July 23, the bank said.

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Asia

Singapore Shares Open Lower as Rising Oil Prices Dampen Tech Rally Mood

Singapore shares opened lower on Thursday, as rising oil prices negated the positive cheer around the tech rally.The Straits Times Index opened lower by 0.26%, or by 14.52 points, at 5,580.90.Brent crude prices rose after reports of Iran-backed Houthi militants targeting two Saudi Arabian tankers in the Red Sea, fueling the Middle East conflict and raising concerns over more supply disruptions. Global benchmark Brent advanced 2% to around $96 a barrel.

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Asia Markets

Singapore Shares Gain More Than 1% as AI Boom Extends; MetaOptics Soars 11%

Singapore shares extended gains on Wednesday, soaring more than 1% at the close, despite mixed results across the region as chipmakers influencing investor sentiment.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,483.04 and 5,595.42 throughout the day. It ended the session at 5,595.42, up 68.70 points or 1.2% compared to Tuesday's close.On the corporate front, shares of MetaOptics (SGX:9MT) surged over 11% at the close as it agreed to deploy its metalens direct laser writer system at the University of Arizona's Center of Semiconductor Manufacturing.First Sponsor (SGX:ADN) expects to recognize an impairment charge of roughly SG$36.7 million in its first-half financial statements following an adverse ruling by a court in Dongguan, China.Meanwhile, Lonza's (SGX:O6Z) attributable profit to equity holders during the first half of the year rose to 591 million Swiss francs from 426 million francs a year earlier.

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Asia

Tan Boon Liat Building in Singapore Sold for SG$950 Million

Tan Boon Liat Building, a freehold industrial property at Outram Road, Singapore, has been sold en bloc for SG$950 million (US$756 million) to a unit of Kingsford Group, according to media reports on Tuesday, citing the exclusive adviser and marketing agent for the property Cushman & Wakefield.The sale is subject to certain approvals and conditions.The 15-story building was first launched for collective sale in February 2025 with a reserve price of SG$1.15 billion. However, after it failed to close a deal at the time, the property was relaunched in February at a reserve price of SG$1 billion.

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Asia

Fubon Financial's Singapore Unit Prices $350 Million Bonds; Shares Up 3%

Fubon Financial's (TPE:2881) subsidiary, Fubon Life Singapore, priced $350 million worth of 15-year tier 2 unsecured subordinated bonds on July 21, according to a Tuesday filing with the Taiwan Exchange.The bonds carry a fixed coupon rate of 5.87% per year and are fully guaranteed by Fubon Life Insurance.Proceeds will be used to strengthen working capital and the company's financial and capital structure.Shares of the financial holding company were up nearly 3% in Wednesday trading.

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Asia

Singapore Shares Muted at Open

Singapore shares opened marginally lower on Wednesday on caution amid escalating conflict in the Middle East.The Straits Times Index barely moved into negative territory to open at 5,521.26.Brent crude edged higher after two tankers carrying Saudi crude to Asia reversed course in the Red Sea following threats of attack from Yemen's Iran-backed Houthi militants, Reuters reported.

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Asia

Singapore Shares Surge Over Rebound in Chipmaker Stocks; HS Optimus Zooms 17%

Singapore shares surged on Tuesday as investor sentiment drove a rebound in the chipmaker sector.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,493.02 and 5,543.89 throughout the day. It ended the session at 5,526.72, up 27.77 points or 0.5% compared to Monday's close.On the corporate front, shares of HS Optimus (SGX:504) surged nearly 17% at the close as it completed the acquisition of a 30% stake in Medicorp and issued 185.2 million shares to the seller.Frasers Centrepoint Trust (SGX:J69U) secured a tender for a mixed-use commercial and residential site at Bayshore Drive in Singapore for SG$2.1 billion.Meanwhile, Aedge Group's (SGX:XVG) subsidiary, IPF Investments, exercised an option to acquire a freehold property in Singapore for SG$7.5 million.

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Asia

Fitch, S&P Assign BBB+ Ratings to Fubon Life Singapore's Proposed US Dollar Bonds

Fitch Ratings and S&P Global Ratings have assigned BBB+ ratings to Fubon Life Singapore's proposed US-dollar tier 2 subordinated dated capital bonds, according to recent releases.Fubon Life Singapore is a wholly owned offshore special purpose vehicle of Taiwan-based Fubon Life Insurance.The proposed bonds serve as the direct, unsecured, and subordinated obligations of the issuer, Fitch said.The parent guarantees full payment of the principal and interest, which is reflected in S&P's rating.Fitch rates the bonds a notch below the parent's A- issuer default rating, stemming from its "below average" recovery prospects for subordinated bonds with an operating company guarantor in case of a default.S&P has an equivalent rating on the subordinated bond to that on Fubon Life's subordinated obligations, considering the subordinated guarantee.

^STITaiwan Weighted
Asia

Amova Asset Management Asia Appoints Designated Market Maker for SGD Fund

Amova Asset Management, the manager of Amova SGD Investment Grade Corporate Bond Index ETF, appointed Jane Street Financial as a designated market maker for the fund, according to a Monday filing with the Singapore Exchange.The fund, which tracks investment-grade corporate bonds denominated in Singapore dollars, said the appointment will take effect from Oct. 20, 2025.

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Asia

Korea Electric Power Files for Singapore Listing of $700 Million Bonds

Korea Electric Power (KRX:015760) filed for the listing of $700 million worth of bonds on the Singapore bourse, according to a filing with the Singapore Exchange on Tuesday.The electricity provider filed for $400 million worth of floating-rate senior unsecured bonds due 2029 and $300 million worth of 4.750% senior unsecured bonds due 2031.The bonds will be listed and quoted on the Bonds Market on July 22, the company said.

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Asia

Singapore Shares Open Slightly Lower as Investors Eye Global Developments

Singapore shares opened marginally lower on Tuesday as investors cautiously eyed developments in the Middle East and earnings from major US tech companies this week.The Straits Times Index opened higher by 0.05%, or by 2.69 points, at 5,501.64.Market sentiment remains tempered by geopolitical tension. According to media reports, the US military stated it has initiated a new round of strikes against Iran to prevent attacks on commercial shipping in the Strait of Hormuz.On the corporate front, US mega-caps Tesla and Alphabet are slated to report earnings this week, providing early insight into the trajectory of the broader earnings season.

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Asia

Singapore Shares Incur Losses as Oil Prices Surge; IREIT Global Down 5%

Singapore shares incurred losses on Monday as the Middle Eastern conflict continued to impact oil prices.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,486.50 and 5,541.82 throughout the day. It ended the session at 5,498.95, down 10.48 points or 0.2% compared to Friday's close.On the corporate front, shares of IREIT Global (SGX:UD1U) closed over 5% lower as its subsidiaries that hold the Berlin Campus in Germany, submitted a statement of defense to the Regional Court, in response to a statement of claim filed by DRV, a former tenant.Shares of CapitaLand Integrated Commercial Trust (SGX:C38U) were down nearly 1% at the close as it signed a lease agreement with City Energy for units at The Atrium@Orchard.Meanwhile, Far East Orchard (SGX:O10) disclosed the Singapore Court of Appeal on Friday ruled that an equitable rescission claim against its associated company, FEOpus, will proceed to trial.

^STISGX:C38USGX:O10SGX:UD1U
International

Asia Week Ahead: Bank Indonesia Decision, Japan Inflation, Korea GDP

Several key economic releases are due across Asia this week, including central bank decisions, inflation data, gross domestic product figures and flash purchasing managers' index reports.The week begins with China's benchmark lending rates on Monday, followed by Taiwan's June export orders on Tuesday.Indonesia's central bank will announce its interest rate decision on Wednesday. On Thursday, South Korea will report second-quarter gross domestic product, and Singapore will publish June inflation figures.The week wraps up with July flash PMI data from India and Japan on Friday. Japan will also release inflation numbers.Here's what to watch in the week ahead.MONDAY, July 20The People's Bank of China left its benchmark lending rates unchanged for the 14th consecutive month, matching the consensus forecast tracked by Investing.com.The one-year loan prime rate, which serves as the benchmark for most corporate and household loans, was held at 3%. Meanwhile, the five-year LPR, the reference rate for residential mortgages, was maintained at 3.5%.Elsewhere, Malaysia's trade surplus narrowed to 14.9 billion ringgit in June from 39.9 billion ringgit in May.Total exports grew 45.4% year over year to 177.9 billion ringgit, while imports rose 43.9% to a record 163 billion ringgit.India's infrastructure output for June is also expected later today.TUESDAY, July 21Taiwan will report June export orders, with ING economists forecasting a 43.9% increase, slower than the 47.2% rise in May.WEDNESDAY, July 22Bank Indonesia is expected to hike rates by 25 basis points to 6%, according to a forecast by ING, adding that the increase underscores the central bank's commitment to foreign exchange stability by attracting foreign inflows and stabilizing the local currency.The hike is anticipated to be the last of the cycle, according to DBS economists.South Korea's producer prices are forecast to have risen 8.2% year over year in June, slowing from 8.5% in the previous month, according to Trading Economics.Elsewhere, Japan may see a trade deficit of 120 billion yen in June, narrowing from the 378.7 billion yen recorded in May, according to consensus estimates.Exports and imports are expected to climb 18.6% and 21% year over year, respectively.THURSDAY, July 23South Korea will release its Q2 GDP. ING said the economy likely grew 4.2% year over year in the April to June period, up from 3.8% in the first quarter, driven by positive net exports.Singapore will publish inflation data for June, with ING economists forecasting core inflation at 1.7%, and Trading Economics at 1.6%. This compares to 1.4% in May.FRIDAY, July 24Japan will release inflation figures for June. Trading Economics expects the nation's core consumer price index, which excludes volatile fresh food prices, to be 1.5%, slightly higher than May's 1.4%.Flash PMI reports for Japan and India are also due on Friday.Lastly, Singapore will post industrial production numbers, with Trading Economics forecasting a 9% year-over-year boost in June, slowing from May's 13% growth.

ASX 200^BSEHang SengKOSPINikkei 225Nifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

Singapore Shares Edge Higher at Open on Big Tech Earnings Hopes

Singapore shares opened slightly higher on Monday, defying broader regional pressures fueled by the escalating geopolitical crisis in the Middle East and widening U.S. military actions in Iran.The Straits Times Index opened higher by 0.16%, or by 9.1 points, at 5,518.550.Early buying interest helped the Singapore bourse recover from the losses of last week's trade. Investors will now be keenly eyeing the upcoming earnings led by the U.S. technology stocks that have seen a rally.The results are expected to help investors have stronger views on the demand for artificial intelligence.

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Asia

Singapore Shares Close Week in Red Amid Chipmaker Selloff

Singapore shares remained in the red on Friday as investor sentiment was weighed down over a sell-off of chipmakers.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,491.51 and 5,521.84 throughout the day. It ended the session at 5,509.43, down 29.95 points or 0.5% compared to Thursday's close.On the corporate front, shares of Metech International (SGX:V3M) were up nearly 5% at the close as the company reported it has not credited placement shares to subscriber Ma Ong Kee as the allotment could result in transfer of controlling interest.Geo Energy Resources (SGX:RE4) closed nearly 3% lower as its Marga Bara Jaya (MBJ) Integrated Infrastructure commenced operations on July 16, marking the start of its expansion into infrastructure and logistics alongside its coal mining business.Meanwhile, Mm2 Asia (SGX:1B0) signed an agreement to place around 16.3 billion shares at SG$0.000918 per share to MMRA for a total consideration of SG$15 million as part of its proposed restructuring.

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Asia

Singapore Court of Appeal Dismisses Hin Leong's $2.6 Billion Claim Against Auditor Deloitte

Singapore's top court has thrown out a $2.60 billion claim brought by the liquidators of insolvent oil trading company Hin Leong Trading against its former external auditor, Deloitte & Touche, according to a judgment delivered Thursday.A five-judge panel of the Court of Appeal allowed an appeal by Deloitte arising from a pre-trial application to strike out the suit.Hin Leong's liquidators had argued that Deloitte's alleged audit negligence between November 2015 and mid-April 2020 prevented the company from entering liquidation earlier, causing it to incur trading losses.The court ruled that Deloitte was not liable for the trading losses.

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