Singapore shares slipped at the open today, after the Ministry of Trade and Industry narrowed its official full-year growth forecast for 2023, citing a weak external demand outlook for the rest of the year.

In early trade, the Straits Times Index (STI) inched down 0.2 per cent to 3,316 points after 34.1 million securities changed hands in the broader market.

In terms of companies to watch today, we have Genting Singapore, after the integrated resorts operator posted a net profit of S$276.7 million for the six months ended June.

That’s more than three times the S$84.4 million in earnings in the same period a year ago.

Meanwhile, economic developments out of Singapore and the US remain in focus for the day.

On Market View, the Drive Time team unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.