The Business Times
business-time-50

Sembcorp likely to be hit by UK’s energy price cap, analyst says

google-preferred-sourceAdd BT as a preferred source
Uma Devi

Uma Devi

Published Tue, Sep 13, 2022 · 12:14 PM
    • Sembcorp's exposure to the UK consists of energy generation and battery storage.
    • Sembcorp's exposure to the UK consists of energy generation and battery storage. PHOTO: SEMBCORP INDUSTRIES

    SEMBCORP Industries is one company in Singapore that could be impacted by UK prime minister Liz Truss’s energy plan.

    Truss last week announced that the United Kingdom will cap average annual household energy bills at £2,500 (S$4,081) for 2 years starting from Oct 1, in the wake of rising energy prices.

    In response to queries from The Business Times, a Sembcorp spokesperson said this latest development in the UK is “significant” amid a number of other challenges including the impact of the ongoing war in Ukraine and recessionary risks.

    sembcorp industriesUK politicsUK economyEnergy markets

    TRENDING NOW

    The proposed transaction also involves the sale of associated trademarks across Singapore, Malaysia and Myanmar.

    Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain

    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?

    JC&C has entered into a conditional share and asset purchase agreement to sell its Cycle & Carriage automotive distribution and retail operations in Singapore and Malaysia.

    Stocks to watch: Jardine Cycle & Carriage, Creative Technology, CNMC Goldmine

    Genting attributed the higher quarterly revenue to its plantation business, as well as leisure and hospitality operations in Singapore and Malaysia.

    Malaysia’s Genting posts Q2 net loss despite 14% rise in revenue

    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