Singapore shares opened lower today following losses in the global markets.

In early trade, the Straits Times Index (STI) was down 0.4 per cent to 3,206.93 points after 32.9 million securities changed hands in the broader market.

In terms of companies to watch for today, we have Keppel, after the conglomerate obtained a contract to design, build, own and operate a new large-scale district cooling system plant in the Jurong Lake District for 30 years, during which it expects to generate about S$950 million. 

Meanwhile, we now know that Grab is cutting 1,000 employees or 11 per cent of its workforce to enhance efficiency. 

Elsewhere, from NIO entering into a share subscription agreement with CYVN to China unveiling a 520 billion yuan tax break to boost the sales of EVs and YouTube reportedly launching its first official channel, international news continue to make the headlines. 

Not to mention – Elon Musk back in the headlines today – this time with India’s Prime Minister Narendra Modi. 

On Market View, the Drive Time team dived into the details with David Poh, Head of Investment and ESG Strategies, South Asia, Amundi.

Singapore shares opened lower today following losses in the global markets.
In early trade, the Straits Times Index (STI) was down 0.4 per cent to 3,206.93 points after 32.9 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Keppel, after the conglomerate obtained a contract to design, build, own and operate a new large-scale district cooling system plant in the Jurong Lake District for 30 years, during which it expects to generate about S$950 million. 
Meanwhile, we now know that Grab is cutting 1,000 employees or 11 per cent of its workforce to enhance efficiency. 
Elsewhere, from NIO entering into a share subscription agreement with CYVN to China unveiling a 520 billion yuan tax break to boost the sales of EVs and YouTube reportedly launching its first official channel, international news continue to make the headlines. 
Not to mention – Elon Musk back in the headlines today – this time with India’s Prime Minister Narendra Modi. 
On Market View, the Drive Time team dived into the details with David Poh, Head of Investment and ESG Strategies, South Asia, Amundi.

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: Grab cuts over 1,000 employees; NIO’s share subscription agreement; Keppel to operate cooling system in the Jurong Lake District; China’s 520b yuan tax break to boost EV sales; YouTube reported to launch first official shopping channel; Elon Musk’s Tesla to invest in India?; Jerome Powell’s testimony to Congress

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