Singapore Stocks, Sti

Singapore Stocks, Sti

Focus on Budget but S'pore shares extend fall as Covid-19 fears linger

Read more at The Business Times.

18.2.2020

Focus on Budget but S'pore shares extend fall as Covid-19 fears linger.

Read more at The Business Times.

Index heavyweights like the local banks ended lower. DBS Group Holdings fell S$0.21 or 0.8 per cent to S$25.27, OCBC Bank eased S$0.04 or 0.4 per cent to S$10.97 while United Overseas Bank ended at S$25.81, down S$0.24 or 0.9 per cent.Notable laggards in the second line included tech manufacturers.

Meanwhile, Valuetronics Holdings shed 1.5 Singapore cents or 2 per cent to S$0.72 after RHB Research downgraded the contract manufacturer to"Neutral" and lowered its target price to S$0.76.Across the broader market, decliners outpaced advancers 227 to 192. The blue-chip index had 17 of its 30 components closing in the red.



Read more: The Business Times

Budget 2020: Cost of living package, tax rebates, rental waivers among Covid-19 measures, says Heng'Never doubt that Singapore has the means to bounce back from this outbreak.'

Budget 2020: S$5.6 billion special packages to support firms, workers and households amid Covid-19 outbreakSINGAPORE — Amid expectations of a substantial package to help Singapore cope with the Covid-19 outbreak, Deputy Prime Minister Heng Swee Keat unveiled during this year’s Budget statement not one, but two special packages totalling S$5.6 billion to help firms and workers, as well as households.

Singapore Budget 2020: Distance-based ERP 'several years' away: HengMotorists dreading the day when they will be charged according to the distance they drive can breathe a sigh of relief: Distance-based electronic road pricing (ERP) will not come for 'several years' more.. Read more at straitstimes.com.

Budget 2020: Highest projected deficit of $10.9 billion in decade to cushion coronavirus falloutSINGAPORE - Armed with a $6.4 billion arsenal to fight the coronavirus and its fallout on the economy, this year's expansionary Budget could run a historic deficit of $10.9 billion - the highest in 10 years.. Read more at straitstimes.com.

NTUC calls for Budget support for freelancers to go for training without employer sponsorshipSINGAPORE - The labour movement has called on the Government to provide support in the upcoming Budget for freelancers who want to invest in upgrading their skills.. Read more at straitstimes.com.

Budget 2020 live blogSingapore Budget 2020: The Transformation and Growth effort will develop people through a new Asia-Ready Exposure Programme, and enhanced support under the Global Ready Talent Programme. Get live updates: SGBudget2020 Take care of the Wuhan Coronavirius first, please.



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