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- RSIRSI
  ·2022-10-18
  Sheng siong does make sense, not sure about SIA given air ticket is very expensive and people may cut back travel spending to finance higher mortgage interest.
  Singapore’s S$1.5 Billion Support Package: 4 Singapore Stocks That Could Benefit
  The government has surprised everyone by announcing a raft of new measures to help Singaporeans cope
  Singapore’s S$1.5 Billion Support Package: 4 Singapore Stocks That Could Benefit
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- RSIRSI
  ·2022-10-15
  Share your opinion about this news…
  SGX Weekly Review: TSMC Cuts Spending, US Inflation Data and MAS Adjusts its Exchange Rate Policy
  Welcome to the latest edition of top stock market highlights where we cover the latest corporate dev
  SGX Weekly Review: TSMC Cuts Spending, US Inflation Data and MAS Adjusts its Exchange Rate Policy
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- RSIRSI
  ·2022-09-04
  $Alibaba(BABA)$
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- RSIRSI
  ·2022-08-16
  It could also tax on carbon emission related which is align with ESG initiatives. To do such, need to come up with ESG standard/measurement.
  Here are Five Ways Singapore Could Increase Taxes on the Rich
  Singapore mayimposemore taxes on the wealthy as it seeks more inclusive growth, its next prime minis
  Here are Five Ways Singapore Could Increase Taxes on the Rich
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siong does make sense, not sure about SIA given air ticket is very expensive and people may cut back travel spending to finance higher mortgage interest.","listText":"Sheng siong does make sense, not sure about SIA given air ticket is very expensive and people may cut back travel spending to finance higher mortgage interest.","text":"Sheng siong does make sense, not sure about SIA given air ticket is very expensive and people may cut back travel spending to finance higher mortgage interest.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9989417749","repostId":"1134450620","repostType":4,"repost":{"id":"1134450620","kind":"news","pubTimestamp":1666057401,"share":"https://ttm.financial/m/news/1134450620?lang=&edition=fundamental","pubTime":"2022-10-18 09:43","market":"sg","language":"en","title":"Singapore’s S$1.5 Billion Support Package: 4 Singapore Stocks That Could Benefit","url":"https://stock-news.laohu8.com/highlight/detail?id=1134450620","media":"The Smart Investor","summary":"The government has surprised everyone by announcing a raft of new measures to help Singaporeans cope","content":"<html><head></head><body><p>The government has surprised everyone by announcing a raft of new measures to help Singaporeans cope with the rising cost of living.</p><p>Eligible adult Singaporeans will receive up to S$500 in cash to help them cope with the higher cost of goods and services.</p><p>This payout will go to roughly 2.5 million Singaporeans who earn less than S$100,000 of assessable income and do not own more than one property.</p><p>In addition, households will also receive another S$100 of Community Development Council (CDC) vouchers to help them offset grocery purchases at supermarkets and pay for food and drinks at hawker centres and coffee shops.</p><p>Public transport vouchers of S$30 each for households with a monthly income per person of less than S$1,600 will also be given out.</p><p>In total, the government is doling out S$1.5 billion to help lower and middle-income Singaporeans.</p><p>When this cash payment arrives in December, these four Singapore companies could benefit from these measures.</p><p><b>ComfortDelGro Corporation Ltd (SGX: C52)</b></p><p>ComfortDelGro Corporation, or CDG, is one of the world’s largest land transport companies with a fleet size of around 34,000 buses, taxis and rental vehicles.</p><p>The blue-chip group also runs light and heavy rail networks in both Singapore and New Zealand.</p><p>The doling out of public transport vouchers will go a long way in helping households to defray expenses for both bus and rail transportation.</p><p>CDG may see an increase in ridership as more people use their cash payouts and vouchers to ride on public transport.</p><p>Also, 11 new stations along the Thomson-East Coast line are slated to begin operations on 11 November.</p><p>With the MRT network becoming more comprehensive, CDG may see higher ridership along both the Northeast and Downtown lines that the group operates through its subsidiary <b>SBS Transit Ltd</b>(SGX: S61).</p><p>CDG has reported a healthy set of earnings for its fiscal 2022’s first half (1H2022), with revenue rising 6.7% year on year along with a 30.4% year on year jump in net profit.</p><p><b>Sheng Siong Group Ltd (SGX: OV8)</b></p><p>Sheng Siong is a supermarket operator with 66 stores around Singapore.</p><p>The group sells a wide variety of fresh and chilled produce as well as toiletries and essential household items.</p><p>With the additional cash given out by the government, more people can use the money to shop for necessities and groceries at Sheng Siong’s outlets.</p><p>More people may also decide to eat in to avoid the rising cost of eating out, and will therefore need to purchase groceries from the retailer for cooking.</p><p>Sheng Siong reported a 0.7% year on year dip in revenue for 1H2022 but net profit inched up 2.1% year on year to S$67.5 million.</p><p>The supermarket retailer also paid out an interim dividend of S$0.0315.</p><p><b>Singapore Airlines Limited (SGX: C6L)</b></p><p>Singapore Airlines Limited, or SIA, is Singapore’s flagship carrier.</p><p>The airline has been seeing a sharp resurgence in the number of passengers as borders reopen and air travel resumes.</p><p>In August alone, SIA saw two million passengers across all its planes, a more than 13-fold year on year increase.</p><p>As the year-end school holidays approach and armed with the extra cash that the government is giving out, more families may decide to make overseas holiday plans.</p><p>More individuals and families may also go on short trips to other Asian countries and hop on SIA’s budget airline, Scoot, thus boosting passenger numbers further.</p><p>The airline had already reported its second-highest operating profit in history in the previous quarter.</p><p>Investors can expect these better numbers to sustain as people flock back to fly after a two-year hiatus.</p><p><b>Genting Singapore Limited (SGX: G13)</b></p><p>For those who are happy to explore entertainment options without flying, there’s always Genting Singapore’s Resorts World Sentosa (RWS).</p><p>The group owns and operates the integrated resort (IR) at RWS that comprises hotels, a casino, an aquarium, food and beverage outlets and a theme park, Universal Studios Singapore (USS).</p><p>Families can tap on the cash payment to bring their kids out for a fun time at USS.</p><p>Staycations continue to be popular and Genting Singapore will benefit as they own several hotels such as Hard Rock Hotel and Hotel Michael.</p><p>The group reported a 20% year on year jump in revenue to S$663.1 million for 1H2022 but net profit was dragged down by a S$23.2 million impairment expense.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore’s S$1.5 Billion Support Package: 4 Singapore Stocks That Could Benefit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore’s S$1.5 Billion Support Package: 4 Singapore Stocks That Could Benefit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-18 09:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/singapores-s1-5-billion-support-package-4-singapore-stocks-that-could-benefit/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The government has surprised everyone by announcing a raft of new measures to help Singaporeans cope with the rising cost of living.Eligible adult Singaporeans will receive up to S$500 in cash to help...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/singapores-s1-5-billion-support-package-4-singapore-stocks-that-could-benefit/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OV8.SI":"昇菘","G13.SI":"云顶新加坡","C52.SI":"康福德高企业","C6L.SI":"新加坡航空公司"},"source_url":"https://thesmartinvestor.com.sg/singapores-s1-5-billion-support-package-4-singapore-stocks-that-could-benefit/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134450620","content_text":"The government has surprised everyone by announcing a raft of new measures to help Singaporeans cope with the rising cost of living.Eligible adult Singaporeans will receive up to S$500 in cash to help them cope with the higher cost of goods and services.This payout will go to roughly 2.5 million Singaporeans who earn less than S$100,000 of assessable income and do not own more than one property.In addition, households will also receive another S$100 of Community Development Council (CDC) vouchers to help them offset grocery purchases at supermarkets and pay for food and drinks at hawker centres and coffee shops.Public transport vouchers of S$30 each for households with a monthly income per person of less than S$1,600 will also be given out.In total, the government is doling out S$1.5 billion to help lower and middle-income Singaporeans.When this cash payment arrives in December, these four Singapore companies could benefit from these measures.ComfortDelGro Corporation Ltd (SGX: C52)ComfortDelGro Corporation, or CDG, is one of the world’s largest land transport companies with a fleet size of around 34,000 buses, taxis and rental vehicles.The blue-chip group also runs light and heavy rail networks in both Singapore and New Zealand.The doling out of public transport vouchers will go a long way in helping households to defray expenses for both bus and rail transportation.CDG may see an increase in ridership as more people use their cash payouts and vouchers to ride on public transport.Also, 11 new stations along the Thomson-East Coast line are slated to begin operations on 11 November.With the MRT network becoming more comprehensive, CDG may see higher ridership along both the Northeast and Downtown lines that the group operates through its subsidiary SBS Transit Ltd(SGX: S61).CDG has reported a healthy set of earnings for its fiscal 2022’s first half (1H2022), with revenue rising 6.7% year on year along with a 30.4% year on year jump in net profit.Sheng Siong Group Ltd (SGX: OV8)Sheng Siong is a supermarket operator with 66 stores around Singapore.The group sells a wide variety of fresh and chilled produce as well as toiletries and essential household items.With the additional cash given out by the government, more people can use the money to shop for necessities and groceries at Sheng Siong’s outlets.More people may also decide to eat in to avoid the rising cost of eating out, and will therefore need to purchase groceries from the retailer for cooking.Sheng Siong reported a 0.7% year on year dip in revenue for 1H2022 but net profit inched up 2.1% year on year to S$67.5 million.The supermarket retailer also paid out an interim dividend of S$0.0315.Singapore Airlines Limited (SGX: C6L)Singapore Airlines Limited, or SIA, is Singapore’s flagship carrier.The airline has been seeing a sharp resurgence in the number of passengers as borders reopen and air travel resumes.In August alone, SIA saw two million passengers across all its planes, a more than 13-fold year on year increase.As the year-end school holidays approach and armed with the extra cash that the government is giving out, more families may decide to make overseas holiday plans.More individuals and families may also go on short trips to other Asian countries and hop on SIA’s budget airline, Scoot, thus boosting passenger numbers further.The airline had already reported its second-highest operating profit in history in the previous quarter.Investors can expect these better numbers to sustain as people flock back to fly after a two-year hiatus.Genting Singapore Limited (SGX: G13)For those who are happy to explore entertainment options without flying, there’s always Genting Singapore’s Resorts World Sentosa (RWS).The group owns and operates the integrated resort (IR) at RWS that comprises hotels, a casino, an aquarium, food and beverage outlets and a theme park, Universal Studios Singapore (USS).Families can tap on the cash payment to bring their kids out for a fun time at USS.Staycations continue to be popular and Genting Singapore will benefit as they own several hotels such as Hard Rock Hotel and Hotel Michael.The group reported a 20% year on year jump in revenue to S$663.1 million for 1H2022 but net profit was dragged down by a S$23.2 million impairment expense.","news_type":1,"symbols_score_info":{"OV8.SI":0.9,"C6L.SI":0.9,"C52.SI":0.9,"G13.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":1380,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980439279,"gmtCreate":1665794139991,"gmtModify":1676537664871,"author":{"id":"3556488292377373","authorId":"3556488292377373","name":"RSI","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3556488292377373","idStr":"3556488292377373"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9980439279","repostId":"1155813758","repostType":4,"repost":{"id":"1155813758","kind":"news","pubTimestamp":1665790466,"share":"https://ttm.financial/m/news/1155813758?lang=&edition=fundamental","pubTime":"2022-10-15 07:34","market":"sg","language":"en","title":"SGX Weekly Review: TSMC Cuts Spending, US Inflation Data and MAS Adjusts its Exchange Rate Policy","url":"https://stock-news.laohu8.com/highlight/detail?id=1155813758","media":"The Smart Investor","summary":"Welcome to the latest edition of top stock market highlights where we cover the latest corporate dev","content":"<html><head></head><body><p>Welcome to the latest edition of top stock market highlights where we cover the latest corporate developments as well as other interesting business news.</p><p><b>Taiwan Semiconductor Manufacturing Co. Ltd (TPE: 2330)</b></p><p>Taiwan Semiconductor Manufacturing Co., or TSMC, is the world’s largest contract chip manufacturer and also the largest listed company in Taiwan.</p><p>In a sign of possible weakness for the technology industry, TSMC slashed its capital spend target for 2022 by 10%.</p><p>The company now expects to spend around US$36 billion, down from about US$40 billion previously.</p><p>This reduction shows that the world’s largest chip manufacturer is bracing for a slowdown in demand from various sectors such as smartphones, servers, and electric vehicles.</p><p>To make matters worse, the US government had also imposed restrictions on TSMC and its peers from doing business in China.</p><p>These moves are designed to stymie China’s attempts at developing superior technological capabilities as the US views the Middle Kingdom as a credible threat.</p><p>Unfortunately, this protectionist attempt will only serve to exacerbate supply chain disruptions that were already widespread due to the lingering effects of the pandemic.</p><p>TSMC produces microchips for blue-chip global names such as <b>Qualcomm</b>(NASDAQ: QCOM), <b>Apple</b>(NASDAQ: AAPL) and <b>Nvidia</b>(NASDAQ: NVDA).</p><p>Closer to home, the fortunes of companies that are tied to the semiconductor cum electronics sectors may be negatively impacted.</p><p>Some examples are stocks such as electronic component manufacturer <b>Micro-Mechanics (Holdings) Ltd</b> (SGX: 5DD), test-handler <b>AEM Holdings Ltd</b> (SGX: AWX), blue-chip contract manufacturer <b>Venture Corporation Limited</b> (SGX: V03), and semiconductor component manufacturer <b>UMS Holdings Limited</b> (SGX: 558).</p><p><b>US inflation data</b></p><p>Inflation data from the US has never been more closely watched by investors.</p><p>The US Federal Reserve has undertaken three consecutive rate hikes of 0.75 percentage points each to tame runaway inflation that is running at a four-decade high.</p><p>In light of surging interest rates, perhaps the fixation on this economic metric isn’t that surprising after all.</p><p>Unfortunately, US consumer prices rose more than forecast, keeping up the pressure on the central bank to continue raising rates.</p><p>The core consumer price index (CPI) rose 6.6% year on year, the highest since 1982, while the overall CPI climbed 8.2%, albeit falling slightly from the 8.3% logged in August.</p><p>This sobering piece of news, coupled with a jobs report last week that suggested the US economy was strong enough to withstand higher rates, has all but cemented expectations of yet another sharp rate hike when the Federal Reserve meets in early November.</p><p>There may even be a five such increase in December when the central bank meets for the final time this year.</p><p>The current policy rate stands between 3% to 3.25%.</p><p>A November hike of 0.75 percentage points will bring this range to between 3.75% to 4%, and if December sees a fifth consecutive three-quarter percentage point increase, it will bring interest rates to a range of 4.5% to 4.75% by end-2022.</p><p><b>The Monetary Authority of Singapore’s policy shift</b></p><p>Speaking of rate hikes, Singapore’s central bank, the Monetary Authority of Singapore (MAS), is making some moves of its own.</p><p>The MAS announced that it will “re-centre” the mid-point of the SGD nominal effective exchange rate (S$NEER) to its prevailing level.</p><p>This move will reduce imported inflation and help to buffer domestic price pressures.</p><p>Singapore’s central bank has already tweaked monetary policy three times this year, and this fourth move shows its commitment to ensuring price stability.</p><p>Still, core inflation is likely to hover around 5% for the remainder of this year and spill over into early 2023.</p><p>For the whole of next year, core inflation is projected to remain fairly high at between 3.5% to 4.5%.</p><p>The MAS has also warned that events such as geopolitical tensions could result in higher-than-expected inflation and cause some economies to tip into a recession.</p><p>Investors need to brace for a possible recession in Singapore as the country is reliant on external trade and will not be insulated from headwinds should other developed nations witness a downturn.</p><p>If you’re nervous, confused, or worried about buying your first stock, then our latest beginner’s guide to investing can help. It’s easy to read yet packed with valuable insights. Download it for free today, and buy your first stock in the next few hours. Clickhereto get started.</p></body></html>","source":"lsy1602567310727","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SGX Weekly Review: TSMC Cuts Spending, US Inflation Data and MAS Adjusts its Exchange Rate Policy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSGX Weekly Review: TSMC Cuts Spending, US Inflation Data and MAS Adjusts its Exchange Rate Policy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-15 07:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-tsmc-cuts-spending-us-inflation-data-and-mas-adjusts-its-exchange-rate-policy/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to the latest edition of top stock market highlights where we cover the latest corporate developments as well as other interesting business news.Taiwan Semiconductor Manufacturing Co. Ltd (TPE...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-tsmc-cuts-spending-us-inflation-data-and-mas-adjusts-its-exchange-rate-policy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://thesmartinvestor.com.sg/top-stock-market-highlights-of-the-week-tsmc-cuts-spending-us-inflation-data-and-mas-adjusts-its-exchange-rate-policy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155813758","content_text":"Welcome to the latest edition of top stock market highlights where we cover the latest corporate developments as well as other interesting business news.Taiwan Semiconductor Manufacturing Co. Ltd (TPE: 2330)Taiwan Semiconductor Manufacturing Co., or TSMC, is the world’s largest contract chip manufacturer and also the largest listed company in Taiwan.In a sign of possible weakness for the technology industry, TSMC slashed its capital spend target for 2022 by 10%.The company now expects to spend around US$36 billion, down from about US$40 billion previously.This reduction shows that the world’s largest chip manufacturer is bracing for a slowdown in demand from various sectors such as smartphones, servers, and electric vehicles.To make matters worse, the US government had also imposed restrictions on TSMC and its peers from doing business in China.These moves are designed to stymie China’s attempts at developing superior technological capabilities as the US views the Middle Kingdom as a credible threat.Unfortunately, this protectionist attempt will only serve to exacerbate supply chain disruptions that were already widespread due to the lingering effects of the pandemic.TSMC produces microchips for blue-chip global names such as Qualcomm(NASDAQ: QCOM), Apple(NASDAQ: AAPL) and Nvidia(NASDAQ: NVDA).Closer to home, the fortunes of companies that are tied to the semiconductor cum electronics sectors may be negatively impacted.Some examples are stocks such as electronic component manufacturer Micro-Mechanics (Holdings) Ltd (SGX: 5DD), test-handler AEM Holdings Ltd (SGX: AWX), blue-chip contract manufacturer Venture Corporation Limited (SGX: V03), and semiconductor component manufacturer UMS Holdings Limited (SGX: 558).US inflation dataInflation data from the US has never been more closely watched by investors.The US Federal Reserve has undertaken three consecutive rate hikes of 0.75 percentage points each to tame runaway inflation that is running at a four-decade high.In light of surging interest rates, perhaps the fixation on this economic metric isn’t that surprising after all.Unfortunately, US consumer prices rose more than forecast, keeping up the pressure on the central bank to continue raising rates.The core consumer price index (CPI) rose 6.6% year on year, the highest since 1982, while the overall CPI climbed 8.2%, albeit falling slightly from the 8.3% logged in August.This sobering piece of news, coupled with a jobs report last week that suggested the US economy was strong enough to withstand higher rates, has all but cemented expectations of yet another sharp rate hike when the Federal Reserve meets in early November.There may even be a five such increase in December when the central bank meets for the final time this year.The current policy rate stands between 3% to 3.25%.A November hike of 0.75 percentage points will bring this range to between 3.75% to 4%, and if December sees a fifth consecutive three-quarter percentage point increase, it will bring interest rates to a range of 4.5% to 4.75% by end-2022.The Monetary Authority of Singapore’s policy shiftSpeaking of rate hikes, Singapore’s central bank, the Monetary Authority of Singapore (MAS), is making some moves of its own.The MAS announced that it will “re-centre” the mid-point of the SGD nominal effective exchange rate (S$NEER) to its prevailing level.This move will reduce imported inflation and help to buffer domestic price pressures.Singapore’s central bank has already tweaked monetary policy three times this year, and this fourth move shows its commitment to ensuring price stability.Still, core inflation is likely to hover around 5% for the remainder of this year and spill over into early 2023.For the whole of next year, core inflation is projected to remain fairly high at between 3.5% to 4.5%.The MAS has also warned that events such as geopolitical tensions could result in higher-than-expected inflation and cause some economies to tip into a recession.Investors need to brace for a possible recession in Singapore as the country is reliant on external trade and will not be insulated from headwinds should other developed nations witness a downturn.If you’re nervous, confused, or worried about buying your first stock, then our latest beginner’s guide to investing can help. It’s easy to read yet packed with valuable insights. Download it for free today, and buy your first stock in the next few hours. Clickhereto get started.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":1396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9933132528,"gmtCreate":1662251022365,"gmtModify":1676537022915,"author":{"id":"3556488292377373","authorId":"3556488292377373","name":"RSI","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3556488292377373","idStr":"3556488292377373"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a><v-v data-views=\"1\"></v-v>","text":"$Alibaba(BABA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9933132528","isVote":1,"tweetType":1,"viewCount":1434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9993156264,"gmtCreate":1660652386460,"gmtModify":1676536372270,"author":{"id":"3556488292377373","authorId":"3556488292377373","name":"RSI","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3556488292377373","idStr":"3556488292377373"},"themes":[],"htmlText":"It could also tax on carbon emission related which is&nbsp;align with ESG initiatives. To do such, need to come up with&nbsp;ESG standard/measurement.","listText":"It could also tax on carbon emission related which is&nbsp;align with ESG initiatives. To do such, need to come up with&nbsp;ESG standard/measurement.","text":"It could also tax on carbon emission related which is align with ESG initiatives. To do such, need to come up with ESG standard/measurement.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993156264","repostId":"1188123699","repostType":4,"repost":{"id":"1188123699","kind":"news","pubTimestamp":1660649342,"share":"https://ttm.financial/m/news/1188123699?lang=&edition=fundamental","pubTime":"2022-08-16 19:29","market":"sg","language":"en","title":"Here are Five Ways Singapore Could Increase Taxes on the Rich","url":"https://stock-news.laohu8.com/highlight/detail?id=1188123699","media":"Bloomberg","summary":"Singapore mayimposemore taxes on the wealthy as it seeks more inclusive growth, its next prime minis","content":"<div>\n<p>Singapore mayimposemore taxes on the wealthy as it seeks more inclusive growth, its next prime minister Lawrence Wong signaled in an interview with Bloomberg News Editor-in-Chief John Micklethwait on ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-16/here-are-five-ways-singapore-could-increase-taxes-on-the-rich\">Web Link</a>\n\n</div>\n","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here are Five Ways Singapore Could Increase Taxes on the Rich</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere are Five Ways Singapore Could Increase Taxes on the Rich\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-16 19:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-16/here-are-five-ways-singapore-could-increase-taxes-on-the-rich><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore mayimposemore taxes on the wealthy as it seeks more inclusive growth, its next prime minister Lawrence Wong signaled in an interview with Bloomberg News Editor-in-Chief John Micklethwait on ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-16/here-are-five-ways-singapore-could-increase-taxes-on-the-rich\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-16/here-are-five-ways-singapore-could-increase-taxes-on-the-rich","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188123699","content_text":"Singapore mayimposemore taxes on the wealthy as it seeks more inclusive growth, its next prime minister Lawrence Wong signaled in an interview with Bloomberg News Editor-in-Chief John Micklethwait on Monday.The Southeast Asian financial hub, which has been a magnet for the well-to-do thanks to its low tax rates and modern infrastructure, is already planning toraise income taxesfor its richest residents, as well as duties on high-end property and luxury cars.Wong, who is also the city-state’s finance minister and deputy premier, has indicated the government needs to do more to tacklewealth inequalityas core inflation surges to a 14-year high.Yet it’s a fine balancing act. Overtaxing the wealthy could make the city less competitive with other nations looking to lure top talent and assets from abroad and could be especially damaging to Singapore’s booming wealth management industry.Here are five options the government could consider.Bring back estate or inheritance taxesSingaporeabolishedits so-called estate duty -- taxes collected on wealth left behind after a person’s death -- in 2008. Then-finance minister Tharman Shanmugaratnamsaidthe move would encourage wealthy individuals in Asia to move their assets to the country.Since then, the city-state has seen aboomin private banking, family offices and asset management, making the reintroduction of the tax more fraught.It’s also a difficult tax to assess, often requiring valuations of hard-to-price assets such as art. And for the super-rich it’s usually possible to avoid the bulk of death duties, making it more of a tax on moderately wealthy families.Capital gains taxAn approach that’s grown in popularity in some countries, Singapore could look to take a slice of profits from windfalls such as share sales and property speculation. The US recently passed a bill to impose a 1% excise tax onstock buybacks, and the UK imposed awindfall taxon the profits of oil and gas companies.Capital gains taxes are also generally easier to assess since they usually involve the sale of an asset at a set price.But Singapore has long avoided taxing most dividends, as well as investment income and capital gains,awarethat such duties are among the least loved by investors and could make the city-state less competitive with rival hub Hong Kong.A Wealth TaxWealth taxes -- annual or one-off duties on the super rich based on a percentage of the total value of their assets -- have risen and fallen in popularity around the world, often driven by ideology, glaring inequality or financially impoverished governments.But wealth taxes suffer from all of the drawbacks above in terms of assessment and collection and while occasionally a Singapore lawmaker may suggest imposing such a duty, it would risk encouraging rich residents to simply move their wealth elsewhere.PhilanthropyThe city-state currently offers some of Asia’s most generous tax incentives for philanthropy, although at least 80% of a charity’s funds must be spent within the country.Reducing such benefits may result in more taxes being paid to government. But it could also cut the amount funnelled into local charities. Already, philanthropy advocates and institutions have beenlobbyingthe government to relax the rules to allow more freedom to donate overseas.More of the Same: Income, Property and CarsA more likely path for the government is simply to double down on the taxes it already has, with the possibility of making many of them more progressive -- taxing higher earners or higher-priced assets at higher rates.Singapore has already announced more taxes on real estate and vehicles in its annual budget earlier this year, and imposed further increases instamp dutieslast year to cool the housing market.It already imposes higher duties on those who own more than one property. Possible new targets could include super luxury items like yachts and private jets, but the simplest way to tax the rich is just to raise the rate for the most expensive purchases.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":2121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}