Singapore shares opened higher today as the trio of local banks remained resilient despite the recent woes of Deutsche Bank.

The Straits Times Index rose 0.6 per cent in early trade to 3231.31 points after 23.3 million securities changed hands. 

In terms of companies to watch, we have Keppel Corporation. The group’s Philippines-listed subsidiary will divest a remaining 50 per cent stake in The Podium West Tower and The Podium Mall in the Philippines for around 8 billion pesos (S$195 million). 

Elsewhere, investors remain cautious ahead of what could be yet another rocky week, after the cost of insuring Deutsche Bank’s debt against the risk of default jumped to a more than four year high. 

But in what way is Deutsche Bank similar or different from Credit Suisse and SVB?

On Market View, the Drive Time team sat down with David Kuo, Co-founder, The Smart Investor for more. 

Singapore shares opened higher today as the trio of local banks remained resilient despite the recent woes of Deutsche Bank.
The Straits Times Index rose 0.6 per cent in early trade to 3231.31 points after 23.3 million securities changed hands. 
In terms of companies to watch, we have Keppel Corporation. The group’s Philippines-listed subsidiary will divest a remaining 50 per cent stake in The Podium West Tower and The Podium Mall in the Philippines for around 8 billion pesos (S$195 million). 
Elsewhere, investors remain cautious ahead of what could be yet another rocky week, after the cost of insuring Deutsche Bank’s debt against the risk of default jumped to a more than four year high. 
But in what way is Deutsche Bank similar or different from Credit Suisse and SVB?
On Market View, the Drive Time team sat down with David Kuo, Co-founder, The Smart Investor for more.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Market View: Deutsche Bank vs Credit Suisse and Silicon Valley Bank; First Citizens buys SVB; Sembcorp Industries and Becamex IDC to explore smart and sustainable industrial parks in Vietnam; Keppel Corp to divest stake in Podium West Tower and The Podium Mall in Philippines

Advertisement