Singapore shares open higher after govt unveils Solidarity Budget; STI up 1.7%
SINGAPORE shares opened higher on Tuesday following the announcement of a S$5.1 billion Solidarity Budget by the Singapore government on Monday to support households and businesses, and save jobs. Read more at The Business Times.
Other actives included Genting Singapore, which rose 2.5 Singapore cents or 3.6 per cent to 71.5 cents on 6.1 million shares traded. This was after Genting's Resorts World Sentosa said ithas suspended its attractionsin line with the government's"circuit-breaker" measures.
Meanwhile, ESR-Reit rose one Singapore cent or 4.1 per cent to 25.5 cents after 5.6 million units changed hands.Singtel, one of the most traded stocks by value, rose S$0.02 or 0.8 per cent to S$2.63.All three local banks advanced in early trade, as DBS rose S$0.36 or 2 per cent to S$18.76, OCBC gained S$0.18 or 2.1 per cent to S$8.89 while UOB jumped S$0.51 or 2.6 per cent to S$19.99.
Hopes that the economy-crushing coronavirus pandemic might be easingsent Wall Street climbing sharply on Monday, with all three main indices closing higher.The Dow Jones Industrial Average soared more than 1,600 points, a gain of 7.7 per cent, to close at 22,679.99. The broad-based S&P 500 closed at 2,663.68, rising 7 per cent, while the tech-rich Nasdaq jumped 7.3 per cent to finish at 7,913.24.Read more: The Business Times »
Singapore shares rise ahead of new Solidarity Budget; STI up 1.3% at openSINGAPORE stocks made gains on Monday morning ahead of a third major government package to be announced in the afternoon. Read more at The Business Times.
STI gains 3.4% as market absorbs Solidarity Budget measuresTHE Straits Times Index (STI) ended Monday up 81.30 points or 3.4 per cent at 2,470.59 points. Read more at The Business Times.
Solidarity Budget: Higher wage subsidies, extended rental waivers among moves to help firms, workersSINGAPORE — To help companies retain and pay their workers during the
Covid-19: Heng Swee Keat to announce third round of support measures in new 'Solidarity Budget'
Solidarity Budget to cost S$5.1 billion, S$4 billion more needed from reservesSINGAPORE: A third tranche of COVID-19 support measures that includes cash payouts and additional support for jobs will cost the Government S$5.1 ...
Solidarity Budget: Jobs support raised to 75% for April, payout brought forwardSINGAPORE: Companies will get additional wage support for local employees in April, up from a minimum of 25 per cent, Deputy Prime Minister Heng ... Companies in Singapore will get extra help with their local workers' wages, DPM Heng Swee Keat announced today in the Solidarity Budget. Here are the details: Quote : 'I expect firms to make use of this Jobs Support Scheme to continue paying your workers and refrain from putting workers on no-pay leave during this period, or worse, retrenching them,' said Mr Heng.