SG Morning Highlights: Vital for Singapore, Malaysia to strengthen cooperation in the face of global headwinds: Lawrence Wong

Advancers / Decliners is 45 to 105, with 100.45 million securities worth S$131.66 million changing hands.

Singapore and Malaysia have to continue working closely together amid a more uncertain global landscape, Deputy Prime Minister Lawrence Wong said on Tuesday (Sep 6).

Both countries have a high level of interdependency across many areas, and their relationship is underpinned by close people-to-people and family ties, he noted.

Speaking to Singapore reporters near the end of a 4-day visit, Mr Wong - who shared that his father grew up in Ipoh, Perak - said the visit was a chance to strengthen his ties with Malaysian ministers.

Gold prices rose on Tuesday (Sep 6), buoyed by a pullback in the dollar and safe-haven buying due to economic slowdown concerns, though prospects of aggressive rate hikes capped further gains.

Spot gold rose 0.5 per cent to US$1,718.21 per ounce, as of 1.20 am GMT.

US gold futures gained 0.5 per cent to US$1,731.30.

Indonesia's financial regulator plans to extend regulations for loan forbearance for some sectors that have yet to recover from the impact of the Covid-19 pandemic beyond a March 2023 deadline, a senior official said on Tuesday (Sep 6).

The Financial Services Authority, known by its Indonesian acronym OJK, has since March 2020 provided incentives to banks to restructure loans for debtors suffering during the pandemic.

The rules means lenders do not have to set aside provisions for souring loans and have helped prevent a spike in the non-performing loan (NPL) ratio.

The total shares owned, controlled or agreed to be acquired by the offeror and its concert parties, including valid acceptances, amounted to around 90.06 per cent of the total number of Allied Tech shares, as at 5.30 pm on the same day.

SRS Auto's offer will be open for acceptances until 5.30 pm on Sep 20. The private car rental and motor financing company will also exercise its right of compulsory acquisition.

The disclosure came after Gallant Venture soared 9.3 per cent in Tuesday's early trade, on the back of 2 married deals – where shares were purchased at volumes of 157,000 and 240,000.

In a filing after trading hours, it was revealed that an entity called River Point Ventures had purchased 397 million shares of Gallant for S$50.02 million via off-market transactions. This translates to an average purchase price of S$0.126 per share.