Seatrium sets up S$3 billion multicurrency debt issuance programme

The net proceeds will be used to refinance existing borrowings and fund potential acquisitions, among other things

The World Bank said the Iran conflict posed a substantial risk to the global economy, including developing and emerging countries in Europe (top) and Central Asia.

Developing countries in Europe, Central Asia face slowdown, World Bank says

Growth across the region is expected to slow to 2.1% in 2026, from 2.6% in 2025

The Dow Jones Industrial Average rose 393.7 points, or 0.85 per cent, at the open to 46,978.17.

Wall Street opens higher after US-Iran ceasefire

[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Apr 8) after the US and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies through t...

ExxonMobil is scheduled to release its complete quarterly results on May 1.

Exxon sees 6% of its worldwide Q1 output shut on Middle East conflict

Half of those outages are concentrated at a liquefied natural gas complex in Qatar

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Lim Sim Seng, 67, is also the non-executive and independent director of Raffles Medical Group in Singapore, IOI Properties Group in Malaysia and Trust Capital Group in Japan.

Lim Sim Seng appointed as deputy chairman of SIA Engineering

He will also be a member of the nominating, compensation and human resources, and executive committees

Yangzijiang Maritime benefits from Yangzijiang’s “global network of shipowners, Chinese and international yards, and financiers”, says analyst Ho Pei Hwa.
BROKER’S TAKE

DBS initiates ‘buy’ on Yangzijiang Maritime, citing investments, shipbuilding opportunities

The brokerage’s target price of S$0.88 represents a 63% upside from the group’s closing price on Apr 7

The scope of the joint venture will exclude Singapore Airlines’ and Vietnam Airlines’ low-cost subsidiaries, respectively Scoot and Pacific Airlines.

Competition watchdog seeks feedback on proposed commercial tie-up between SIA and Vietnam Airlines

The two carriers propose to cooperate on, for example, scheduling, pricing, sales and marketing and other commercial areas

The STI is up 38.04 points at 4,996.05, while the iEdge Singapore Next 50 Index is down 0.93 point at 1,466.43.

Singapore stocks rise after US-Iran ceasefire announcement; STI up 0.8%

Across the broader market, gainers beat decliners 481 to 178 after 2.2 billion securities change hands

Japan’s Nikkei advances 4.8% as at 9.08 am and South Korea’s Kospi index rises 5.2% as at 9.07 am.

STI jumps over 1%, Asia stocks soar following US-Iran ceasefire agreement

The benchmark index is buoyed by the three Singapore banks which all traded higher

Iata director-general Willie Walsh does not believe the current crisis poses an "existential challenge for any airlines out there".

Airlines ‘nowhere near’ Covid-style crisis despite oil shock: Iata chief

Carriers can mitigate fuel price spikes using established levers such as fare hikes, says Willie Walsh