Market Update: STI extends gains, up 0.3%

27 Apr 2021 - Singapore Business Review
The Straits Times Index extended its gains as it closed up 0.3% or 9.53 points to end at 3,214.43 on Tuesday. The top performer for the day was Singapore Airlines with 3.31% or $5.30 in gains, amidst announcements of flight schedules for the Singapore-Hong Kong air travel bubble. This was followed by ...
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Here are nine strategies Singapore could use to decarbonise the martime industry

23 Apr 2021 - Singapore Business Review
The Singapore government has received an international panel's reccomendations on having an eco-friendly maritime industry. To support the Maritime Singapore Decarbonisation Blueprint of 2050, the International Advisory Panel on Maritime Decarbonisations (IAP) submitted its recommendations to the government. ...
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Shell to trial hydrogen fuel cells for ships in Singapore

22 Apr 2021 - Singapore Business Review
The company will charter both the trial vessel and the hydrogen fuel provider. Shell, together with other partners, will collaborate on a feasibility study to trial the use of hydrogen fuel cells for ships in Singapore, it has announced. The company is the charterer of the trial vessel and the hydrogen ...
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Market Update: STI extends gains, starts trading week up 0.25%

20 Apr 2021 - Singapore Business Review
The Straits Times Index (STI) opened the trading week up by 7.96 points or 0.25% at 3,209.72, extending gains from the previous week to end in positive territory. The top performer for Monday was Sembcorp Industries with $2.13 or 9.79% in gains. This was followed by Yangzijiang Shipbuilding which increased ...
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Market Update: STI inches up 0.22%

16 Apr 2021 - Singapore Business Review
The Straits Times Index (STI) closed on Thursday up by 7.13 points or 0.22% at 3,186.52. Top performers for the day were SembCorp Industries, with $1.97 or 3.14% in gains, ComfortDelGro which increased by 1.14% or $1.78, and DBS Group which went higher by 0.84% or $28.93. About 1.56-billion securities ...
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Investors jittery over resurgence of COVID cases

13 Apr 2021 - Singapore Business Review
The global statistics of confirmed COVID cases have returned to early January levels, dampening investor appetite. Equity markets may have performed comparatively strongly for the first quarter of the year, but this might soon change, according to the Singapore Exchange (SGX). For the first quarter, ...
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Manufacturing stocks maintain gains in Q1

8 Apr 2021 - Singapore Business Review
The higher returns are reflecting the increased confidence of investors in the economy. The top 20 most traded manufacturing-related stocks have contributed greatly to the combined daily turnover for all companies and trusts listed in the Singapore Exchange (SGX). The top manufacturing-related stocks ...
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Sembcorp turns its portfolio towards a “greener future”

5 Apr 2021 - Singapore Business Review
The company will bank on renewable energy demand after incurring a net loss in 2020. Sembcorp Industries plans to transform its portfolio towards a “greener future,” as it pushes to provide renewables and sustainable urban solutions acoss its businesses. The company incurred a net loss of $997m in 2020, ...
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Sembcorp subsidiary to develop industrial park in Vietnam

1 Apr 2021 - Singapore Business Review
The company will have 29.6% effective ownership in the redevelopment project. A subsidiary of Sembcorp Industries, Sembcorp Development, will be involved in the development of a new industrial park in Vietnam’s Quang Tri province. The project, Quang Tri Industrial Park, will be located 60 kilometres ...
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SembMarine, GE Renewable Energy partner on wind farm project

30 Mar 2021 - Singapore Business Review
Early design works for the project began in July 2020. Sembcorp Marine (SembMarine) and GE Renewable Energy’s Grid Solutions have clinched a contract worth $1.12b from RWE Renewables to supply the high voltage direct current (HVDC) electrical transmission system for the Sofia Offshore Wind Farm in the ...
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