Singapore shares were lower today as all eyes remained on the escalating conflict in the Middle East.

The Straits Times Index was down 0.42% at 3,914.06 points at 2.27pm Singapore time, with a value turnover of S$508.89M seen in the broader market. 

In terms of counters to watch for today, we have Thakral Corp. The mainboard-listed company yesterday announced the launch of an initial public offering (IPO) of GemLife Communities, an Australian over-50s lifestyle resort operator, to raise up to A$750 million (S$628.2 million). Thakral holds a 31.7 per cent effective interest in GemLife. 

Elsewhere, from economists slashing Singapore’s growth forecast to 1.7% for the full year of 2025, to JD.com’s founder unveiling a turnaround plan for the company after a five year slump – more economic and corporate headlines remain in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Kenneth Goh, Director, Private Wealth Management, UOB Kay Hian.

Singapore shares were lower today as all eyes remained on the escalating conflict in the Middle East.
The Straits Times Index was down 0.42% at 3,914.06 points at 2.27pm Singapore time, with a value turnover of S$508.89M seen in the broader market.&nbsp;
In terms of counters to watch for today, we have Thakral Corp. The mainboard-listed company yesterday announced the launch of an initial public offering (IPO) of GemLife Communities, an Australian over-50s lifestyle resort operator, to raise up to A$750 million (S$628.2 million). Thakral holds a 31.7 per cent effective interest in GemLife.&nbsp;
Elsewhere, from economists slashing Singapore&rsquo;s growth forecast to 1.7% for the full year of 2025, to JD.com&rsquo;s founder unveiling a turnaround plan for the company after a five year slump &ndash; more economic and corporate headlines remain in focus.
On Market View, Money Matters&rsquo; finance presenter Chua Tian Tian unpacked the developments with Kenneth Goh, Director, Private Wealth Management, UOB Kay Hian.

Your evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

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: Markets expect officials to hold rates at FOMC meeting; Investors fret over the possibility of more direct US military involvement in Israel-Iran air war, Asian market movements; JD’s founder vows to speed up overseas foray; China consumers’ rush for subsidies; Economists slash Singapore growth forecast to 1.7%; Thakral Corp to watch