Daily Debrief: What Happened Today (Jul 16)

Stories you might have missed

RTS Link could cause S$290 million net increase in outflow annually for Singapore: study

[SINGAPORE] The Republic is expected to record a S$290 million net increase in outbound annual spend in Johor Bahru after the Johor Bahru-Singapore Rapid Transit System (RTS) Link opens next year.

UOBKH lifts Lum Chang Creations target price on mainboard transfer, order wins

[SINGAPORE] UOB Kay Hian (UOBKH) lifted its target price for Lum Chang Creations : LCC -2.6% on Tuesday (Jul 14) on the back of its mainboard transfer and stronger order wins.

Macquarie upgrades STI 12-month target to 6,000, giving its top picks

[SINGAPORE] Macquarie upgraded its 12-month target for Singapore’s benchmark Straits Times Index (STI) to 6,000, pointing to a “healthy cocktail” of macroeconomic tailwinds, rising domestic interest rates and supportive government market initiatives.

Quiet market, low offers: MLT defends slow pace of S$1 billion divestment plan

[SINGAPORE] The manager of Mapletree Logistics Trust (MLT) has defended the slow pace of its S$1 billion portfolio divestment ahead of its annual general meeting, blaming a slow property market and low-ball offers.

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Daily Debrief: What Happened Today (Jul 15)

Coal dominance, fiscal constraints to temper South-east Asia’s clean energy boom

[SINGAPORE] Even as South-east Asia hit a record in renewable energy investments last year, the region’s reliance on coal and fiscal constraints remain key obstacles to achieving a clean energy transition.

Indonesia kickstarts long-delayed US$21 billion Abadi Masela LNG project

[JAKARTA] Indonesia kicked off construction of the long-delayed US$21 billion Abadi Masela liquefied natural gas (LNG) project on Thursday (Jul 16).