SG Morning Highlights | Airlines Will Hike Ticket Prices to Pay for Costly Sustainable Fuel: LATA

Advancers / Decliners is 74 to 49, with 64.71 million securities worth S$65.28 million changing hands.

Developing more sustainable aviation fuel (SAF) is key to reducing the airline industry's carbon footprint — but customers will end up footing the bill in airfare prices, according to Willie Walsh, director-general of the International Air Transport Association (Iata).

Speaking on Wednesday (Apr 19) at a panel at the Bloomberg New Economy Gateway Europe conference outside Dublin, Walsh said that widespread adoption of sustainable fuels will account for about 65 per cent of the reduction needed for the industry to reach its stated goal of net zero emissions by 2050.

Yet as the fuels cost many multiples more than the standard kerosene now used to power jets, very little is being produced, and it's not clear who will pay. The Iata estimates that the worldwide tab for decarbonising aviation will top US$1 trillion.

Singapre can stay economically vibrant even as it becomes "super aged", by continuing to grow the workforce and drive productivity, said Health Minister Ong Ye Kung on Thursday (Apr 20).

Such workforce growth remains possible through supporting the participation of senior and female workers, and having complementary foreign labour, he added during the fourth day of debate on the President's Address.

The economy was one of five areas in which Singapore is adapting as it ages, in what Ong called "the biggest social transformation for this generation".

The asset, KA Place, is a seven-storey high-specification industrial building with a car park on the second storey.

The asset has a total gross floor area of 10,163 square metres and has a remaining land lease tenure of about 35 years.

The sale consideration represents a 219% premium to the original March 2005 purchase price of SGD11.1 million and a 55% premium to the market valuation of SGD22.8 million as at 31 December 2022.

While the company did not specify its net profit for the quarter, it noted that the figure was significantly higher year on year, due to the disposal gain of around S$3.3 billion from the merger between its offshore and marine (O&M) unit and Sembcorp Marine (Sembmarine).

Excluding discontinued operations and the disposal gain, net profit for the quarter was slightly higher on year, driven by a stronger performance from its energy and environment, urban development, and connectivity segments, Keppel said on Thursday (Apr 20).

This is because the offer will be unconditional in all respects, said financial adviser UOB on Thursday (Apr 20), in response to media reports.

The 12-month restriction applies to any offer, other than a partial offer, that has been announced or posted but has not become or been declared unconditional in all respects, and has been withdrawn or has lapsed.