The Business Times
business-time-50

ComfortDelGro dropped from STI, replaced by liquor giant Emperador

google-preferred-sourceAdd BT as a preferred source
Raphael Lim

Raphael Lim

Published Thu, Sep 1, 2022 · 06:22 PM
    • At the listing of Emperador on the Singapore Exchange on July 14 were, from left, George Schulze, Dalmore whisky expert for Asia at Emperador; Bryan Donaghey, chief executive of Whyte & Mackay and head of the whisky business at Emperador; Loh Boon Chye, SGX chief executive; Dr Andrew Tan, chairman of Emperador; Gerard Ho, Singapore’s Ambassador to the Philippines and Kevin Andrew Tan, director of Emperador.
    • At the listing of Emperador on the Singapore Exchange on July 14 were, from left, George Schulze, Dalmore whisky expert for Asia at Emperador; Bryan Donaghey, chief executive of Whyte & Mackay and head of the whisky business at Emperador; Loh Boon Chye, SGX chief executive; Dr Andrew Tan, chairman of Emperador; Gerard Ho, Singapore’s Ambassador to the Philippines and Kevin Andrew Tan, director of Emperador. PHOTO: SGX

    TRANSPORT company ComfortDelGro has been dropped from the Straits Times Index (STI) in the latest quarterly review, with recently-listed Emperador replacing it on the benchmark index.

    The change to the STI, which tracks the performance of the 30 largest and most liquid companies listed on the Singapore Exchange (SGX), takes effect at the start of business on Sep 19, FTSE Russell said in a statement on Thursday (Sep 1).

    Companies gain entry into the STI at quarterly reviews if they rank 20th or higher among eligible securities by full market capitalisation; conversely, those that rank 41st or below among all eligible securities are deleted from the list.

    Straits Times IndexComfortDelGro

    TRENDING NOW

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    The company says the disputes do not cast significant doubt on its ability to continue as a going concern.

    Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes

    Under the Philippines’ new policy, up to four EV models will be provided with as much as 15 billion pesos each in fiscal support, in the form of tax payment certificates.

    Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry

    The planned DayOne data centre is expected to be the city-state’s first to feature on-site solid oxide fuel cell power generation.

    DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More