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SingtelMBeCW260730

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Geely MB ePW261005

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Hongkong Land is the top stock with a 9.16% increase.The Straits Times Index (STI) closed at 4,941.960, up 0.3% on Thursday, 7 May, at 5:21 p.m.Hongkong Land was the most active stock, followed by Jardine Matheson (+4.53%) and UOL (+2.51%).Sembcorp Industries and SGX were at the foot.

Singapore Business Review

FTSE Straits Times Index

HongkongLand USD

STI ETF

Amova Singapore STI ETF

Amova-StraitsTrdg Asia REIT

HONG KONG LAND

JMH USD

Jardine Matheson

Sembcorp Ind

Daily Markets Briefing: STI up 0.3%; Top stock is Hongkong Land

New Zealand Prime Minister Christopher Luxon will visit Singapore from May 3 to 5 to strengthen trade relations through an agreement on essential supplies. The visit includes meetings with Singaporean leaders and the signing of a legally binding agreement to ensure the flow of critical goods during crises. This partnership builds on a Comprehensive Strategic Partnership established in 2025, focusing on trade, security, and supply chain resilience. Luxon will also visit key sites and engage with business leaders during his stay.

Yahoo Finance

NikkoAM-STC A_REIT US

Exxon Mobil

N518100E 230201

NX13100H 230701

NZ PM Luxon on official visit to S’pore from May 3 to 5; to witness trade pact on essential supplies

Singapore's Energy Market Authority (EMA) plans to build up to three hydrogen-ready natural gas power plants by 2032 to meet rising electricity demand. This initiative will increase the total to at least 11 such plants, including four completed in 2025. Each new plant will have a capacity of at least 600 MW, sufficient to power approximately 864,000 four-room flats annually. EMA forecasts a peak electricity demand growth of 2.4% to 4.8% annually over the next decade, necessitating stable and sufficient electricity supply during the transition to cleaner energy sources.

Keppel

Keppel Reit

Singapore plans to build up to 3 more hydrogen-ready natural gas power plants by 2032

Singapore's manufacturing output rose 10.1% year-on-year in March 2026, surpassing forecasts and boosting Q1 growth to 7.9%. However, the chemicals sector faced a significant decline of 16% due to supply disruptions linked to the Middle East conflict. The electronics cluster excelled, growing 30% year-on-year, driven by strong AI-related demand. Economists predict an upward revision of Q1 GDP growth to around 5.2%. Despite robust overall performance, the chemicals sector's challenges may impact broader manufacturing stability.

- Singapore's manufacturing output surged by 10.1% year-on-year in March 2026, exceeding expectations, while factory output rose by 4.7% month-on-month, reversing a prior decline.  
- However, the chemicals sector experienced a significant contraction of 16% year-on-year due to supply disruptions from Middle Eastern conflicts, with petrochemical production dropping sharply.  
- In contrast, the electronics cluster saw a remarkable 30% increase, driven by strong demand in information communication and consumer electronics, particularly in memory chips and servers.

Businesstimes News

OCBC Bank

Standard Chartered PLC

STANCHART

Sumitomo Chemical Co., Ltd.

United Overseas Bank (UOB)

Singapore’s manufacturing output beats forecasts in March, but chemicals decline signals emerging Iran war risk

The Straits Times Index (STI) fell by 1.17% to close at 4,944.110 on April 23. Thai Beverage Public Company Limited emerged as the top stock with a 3.66% increase, followed by Wilmar International (+0.51%) and Seatrium Limited (+0.42%). Hongkong Land and OCBC Bank were among the lowest performers.

ThaiBev

Wilmar

Seatrium

Daily Markets Briefing: STI down 1.17%; Top stock is ThaiBev

Singapore regulators are proposing mandatory disclosures for companies regarding the factors determining executive pay, addressing transparency issues that currently affect investor confidence. Over 60% of major firms do not disclose performance indicators linked to executive remuneration, creating an information gap. The new rules aim to enhance investor understanding of how pay aligns with long-term value creation, with a consultation phase ending on May 22 and implementation expected by January 2027. This initiative is part of broader efforts to revitalize the Singapore stock market and improve corporate governance standards.

Straitstimes

Most S’pore firms do not disclose how CEO pay is set; regulators want to change that

The ongoing Iran War is expected to significantly impact Singapore's economy, particularly in sectors like construction, real estate, and food & beverage, due to rising energy costs. The Monetary Authority of Singapore (MAS) warns of higher inflation and weaker growth, adjusting its inflation forecasts for 2026. The bunkering industry is already feeling the strain, with historic price highs and supply disruptions. Overall, the MAS indicates that prolonged energy supply disruptions could lead to decreased production, squeezed profit margins, and increased costs for consumers, affecting aggregate demand and economic growth.

Energy shock from Iran war to hit S’pore sectors like property and F&B; bunkering already affected

Singapore's central bank has tightened monetary policy for the first time in over three years, responding to economic challenges from the Middle East conflict. The Monetary Authority of Singapore (MAS) aims to curb inflation while managing growth risks, joining Australia as one of the few central banks in the region to act. The MAS anticipates slower economic growth and rising inflation, adjusting its inflation forecast to 1.5% to 2.5%. A US$778 million support package has been announced to assist businesses and households amid increasing costs and potential production shortages.

- Singapore's central bank has tightened monetary policy for the first time in over three years in response to economic pressures from the ongoing war in the Middle East.  
- This decision, prompted by rising energy costs and inflation, comes as the central bank anticipates a slowdown in economic growth and higher inflation rates than previously expected.  
- The Monetary Authority of Singapore is adjusting its currency policy to curb inflationary expectations while preparing for potential future shocks to price stability.

MorningStar

Singapore Central Bank Tightens Policy as It Braces for Slower Growth, Higher Prices — Update

The Monetary Authority of Singapore raised the slope of the Singapore dollar exchange rate band; width and midpoint remain unchanged

Wallstreetcn

Singapore stocks fell on April 9, with the Straits Times Index (STI) down 0.4% to 4,977.08, reflecting regional declines amid cautious investor sentiment despite a temporary ceasefire in the Middle East. Local banks led the losses, with DBS down 0.2%, OCBC down 0.6%, and UOB down 0.1%. Overall, 325 stocks declined against 252 gainers, with 1.5 billion securities traded. DFI Retail Group was the top gainer, while Wilmar and City Developments Limited were the worst performers. Market analysts noted that the ceasefire has not resolved underlying tensions.

Singapore stocks fall, tracking regional decline; STI down 0.4%

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