Singapore shares opened the week higher today after global markets ended the previous week markedly higher. 

The Straits Times Index (STI) rose 0.2 per cent in early trade to 3274.07 points after 81.2 million securities changed hands. 

In terms of companies to watch for today, we have Seatrium, after the group announced on Friday that it has secured a contract worth more than S$500 million.

That’s to develop platforms for two offshore wind farms located off the coast of Long Island in the US. 

Meanwhile, global investors continue to brace themselves for a data heavy week. April’s US inflation data will likely grab the attention of traders, as will the US monthly budget statement for April. 

On Market View, the Drive Time team unpacked these developments with David Kuo, Co-founder, The Smart Investor.

Singapore shares opened the week higher today after global markets ended the previous week markedly higher. 
The Straits Times Index (STI) rose 0.2 per cent in early trade to 3274.07 points after 81.2 million securities changed hands. 
In terms of companies to watch for today, we have Seatrium, after the group announced on Friday that it has secured a contract worth more than S$500 million.
That’s to develop platforms for two offshore wind farms located off the coast of Long Island in the US. 
Meanwhile, global investors continue to brace themselves for a data heavy week. April’s US inflation data will likely grab the attention of traders, as will the US monthly budget statement for April. 
On Market View, the Drive Time team unpacked these developments with David Kuo, Co-founder, The Smart Investor.

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: US April inflation and monthly budget statement; Seatrium’s S$500m wind farm contracts; DBS’ additional capital requirement by MAS; Sea’s Forrest Li to hike pay by 5%; Alibaba’s Cainiao Network Technology’s US$2b HK IPO

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