SG Morning Highlights: Gov't to push through with GST increase despite rising inflation
Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened higher on Tuesday; STI up 0.31%
●Gov't to push through with GST increase despite rising inflation
●Stocks & REITs to watch: Oxley, Rex International
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened higher on Tuesday. The FTSE Singapore Sea Index (.STI.SG) $ rose 0.31 per cent to 3,129.93 as at 9.05 am.
Advancers / Decliners is 88 to 27, with 49.34 million securities worth S$37.80 million changing hands.
●Singapore shares opened higher on Tuesday; STI up 0.31%
●Gov't to push through with GST increase despite rising inflation
●Stocks & REITs to watch: Oxley, Rex International
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened higher on Tuesday. The FTSE Singapore Sea Index (.STI.SG) $ rose 0.31 per cent to 3,129.93 as at 9.05 am.
Advancers / Decliners is 88 to 27, with 49.34 million securities worth S$37.80 million changing hands.
Breaking News
Gov't to push through with GST increase despite rising inflation
The GST will be increased from 7% to 8% on 1 January 2023, and to 9% on 1 January 2024.
Deputy Prime Minister Lawrence Wong said the government cannot delay the implementation "any further" despite the rising prices of goods.
In response to questions from The Parliament, Wong said the government needs to go ahead with the increase to address other longer-term challenges being faced by Singapore.
Stocks & REITs to Watch
$Oxley (5UX.SG)$ : Oxley Holdings said in a business update on Monday (Jul 4) that it intends to focus its property development activities in developed countries such as the United Kingdom and Ireland as it deems them to be “relatively more politically stable and transparent”.
Stocks & REITs to Watch
$Oxley (5UX.SG)$ : Oxley Holdings said in a business update on Monday (Jul 4) that it intends to focus its property development activities in developed countries such as the United Kingdom and Ireland as it deems them to be “relatively more politically stable and transparent”.
In its update, the property developer noted that it has S$305 million of unbilled contract value in the overseas market that will be recognised as revenue upon projects obtaining their temporary occupation permits (TOPs).
$Rex Intl (5WH.SG)$ : Mainboard-Listed Rex International announced on Monday (Jul 4) that its wholly-owned subsidiary, Pantai Rhu Energy, has engaged GFI Securities’ Carlinford division as its exclusive mandated arranger of financing.
$Rex Intl (5WH.SG)$ : Mainboard-Listed Rex International announced on Monday (Jul 4) that its wholly-owned subsidiary, Pantai Rhu Energy, has engaged GFI Securities’ Carlinford division as its exclusive mandated arranger of financing.
The division will arrange the financing for the development of the Rhu-Ara Cluster and Diwangsa Cluster, both located in offshore Peninsular Malaysia. The oil and gas group holds 95 per cent of the interests and operatorship in both clusters.
Rex International said that according to Petronas, an oil and gas company wholly owned by the government of Malaysia, the previously discovered fields in the Rhu-Ara Cluster have total estimated recoverables of 12.7 million stock tank barrels (MMstb) of oil. The Diwangsa Cluster has total estimated recoverables of 10.7 MMstb.
Latest Share Buy Back Transactions
Latest Share Buy Back Transactions
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Heartstrings : thanks for the share
Muhd Noor Azhar :
CMLIN : This is a lousy shares , kena con by some remisier said that is a good stock ! Bought at 0.34 ! They sold the building chevron at raffles and yet still plunge until badly bruised..