Daily Debrief: What Happened Today

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Singapore stocks in travel, China business stand to benefit from mainland’s reopening

SPECULATION is rife that mainland China will soon embark on some kind of reopening, after the nation announced last Friday (Nov 11) the easing of some travel and quarantine measures. If restrictions are indeed lifted, quite a few China-focused stocks listed in Singapore could be potential beneficiaries.

Climate change is longer-term threat to food and energy security: PM Lee

COUNTRIES around the world must collectively accelerate their net-zero ambitions, with climate change being the longer-term threat to food and energy security, said Prime Minister Lee Hsien Loong on Tuesday (Nov 15).

Oct new home sales at two-year low as fewer projects launched

SALES of new private homes slipped to a two-year low in October, reversing the previous month’s uptick as the number of newly-launched units also fell to their lowest point in four years.

Economic interdependence between US and China aids national security too: Tharman

ECONOMIC interdependence between the United States and China is valuable for national security, as a safer alternative than a world that is decoupled, Singapore’s Senior Minister Tharman Shanmugaratnam said on Tuesday (Nov 15).

Sembmarine paints less rosy picture in H2, cites higher labour cost, slower improvement in repairs and upgrades

OFFSHORE & marine giant Sembcorp Marine (Sembmarine) lowered its second half guidance compared to its expectations just three months ago, citing a “one-off” uptick in labour costs, lower than anticipated improvement in repairs and upgrades works plus delays in securing some projects.

The STI today

Singapore stocks rise on improved market sentiment from US-China talks; STI up 0.4%

SINGAPORE stocks gained on Tuesday (Nov 15), with the Straits Times Index (STI) climbing 0.4 per cent or 14.48 points to 3,275.28 as market sentiment appeared to improve after talks between US President Joe Biden and China’s President Xi Jinping at the G-20 summit on Monday.