//@Hanneoo: Great ariticle, wo

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2023-09-29

//@Hanneoo: Great ariticle, would you like to share it?

SG Morning Call | S$1.1 Billion Support Package; DBS Raises Sea’s Target Price

Singapore Plans S$1.1 Billion Aid to Blunt Cost-of-LivingSingapore announced a S$1.1 billion ($800 million) package to shield its citizens from the pain of price increases, even as inflation has been

SG Morning Call | S$1.1 Billion Support Package; DBS Raises Sea’s Target Price

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The government will not be dipping into past reserves to fund the package, according to the Straits Times newspaper earlier.</p><h2 id=\"id_2730821082\" style=\"text-align: left;\">Government monitoring businesses to stop them from using increased costs as excuse to profiteer: DPM Wong</h2><p>The government will monitor businesses to make sure that there is no profiteering, where businesses might use cost increases as an excuse to raise prices more than necessary, said Deputy Prime Minister Lawrence Wong on Thursday (Sep 28).</p><p style=\"text-align: start;\">He was responding to a question about how businesses may be affected by the recent announcements on the increase in the price of water and a switch towards healthier food ingredients. Water prices will rise by about 18 per cent over the next two years in two phases.</p><h2 id=\"id_1018594845\" style=\"text-align: left;\">Yield on latest Singapore 6-month T-bill jumps to 4.07%</h2><p>The latest Singapore six-month Treasury bill (T-bill) offered a cut-off yield of 4.07 per cent, in the auction that closed on Thursday.</p><p style=\"text-align: left;\">This is a jump from the cut-off yield of 3.7 per cent for the previous six-month tenor, and the first time that yields have crossed the 4 per cent mark since January.</p><p style=\"text-align: left;\">Demand for the T-bills was down in the latest auction, with a total of $9.3 billion in applications, representing a bid-to-cover ratio of 1.76. 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The government will not be dipping into past reserves to fund the package, according to the Straits Times newspaper earlier.</p><h2 id=\"id_2730821082\" style=\"text-align: left;\">Government monitoring businesses to stop them from using increased costs as excuse to profiteer: DPM Wong</h2><p>The government will monitor businesses to make sure that there is no profiteering, where businesses might use cost increases as an excuse to raise prices more than necessary, said Deputy Prime Minister Lawrence Wong on Thursday (Sep 28).</p><p style=\"text-align: start;\">He was responding to a question about how businesses may be affected by the recent announcements on the increase in the price of water and a switch towards healthier food ingredients. Water prices will rise by about 18 per cent over the next two years in two phases.</p><h2 id=\"id_1018594845\" style=\"text-align: left;\">Yield on latest Singapore 6-month T-bill jumps to 4.07%</h2><p>The latest Singapore six-month Treasury bill (T-bill) offered a cut-off yield of 4.07 per cent, in the auction that closed on Thursday.</p><p style=\"text-align: left;\">This is a jump from the cut-off yield of 3.7 per cent for the previous six-month tenor, and the first time that yields have crossed the 4 per cent mark since January.</p><p style=\"text-align: left;\">Demand for the T-bills was down in the latest auction, with a total of $9.3 billion in applications, representing a bid-to-cover ratio of 1.76. The last auction had a bid-to-cover ratio of 2.03, with $11.2 billion in applications against $5.5 billion allotted.</p><h2 id=\"id_2426106369\" style=\"text-align: start;\">DBS raises Sea’s target price after Indonesia bans social e-commerce</h2><p>DBS Group Research on Thursday (Sep 28) raised its target price on Sea to US$78 from US$66 after Indonesia banned e-commerce transactions on social media platforms.</p><p style=\"text-align: start;\">The move, which came into effect on Wednesday, aims to protect offline merchants and marketplaces, said Indonesia’s government. 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The government will not be dipping into past reserves to fund the package, according to the Straits Times newspaper earlier.Government monitoring businesses to stop them from using increased costs as excuse to profiteer: DPM WongThe government will monitor businesses to make sure that there is no profiteering, where businesses might use cost increases as an excuse to raise prices more than necessary, said Deputy Prime Minister Lawrence Wong on Thursday (Sep 28).He was responding to a question about how businesses may be affected by the recent announcements on the increase in the price of water and a switch towards healthier food ingredients. Water prices will rise by about 18 per cent over the next two years in two phases.Yield on latest Singapore 6-month T-bill jumps to 4.07%The latest Singapore six-month Treasury bill (T-bill) offered a cut-off yield of 4.07 per cent, in the auction that closed on Thursday.This is a jump from the cut-off yield of 3.7 per cent for the previous six-month tenor, and the first time that yields have crossed the 4 per cent mark since January.Demand for the T-bills was down in the latest auction, with a total of $9.3 billion in applications, representing a bid-to-cover ratio of 1.76. The last auction had a bid-to-cover ratio of 2.03, with $11.2 billion in applications against $5.5 billion allotted.DBS raises Sea’s target price after Indonesia bans social e-commerceDBS Group Research on Thursday (Sep 28) raised its target price on Sea to US$78 from US$66 after Indonesia banned e-commerce transactions on social media platforms.The move, which came into effect on Wednesday, aims to protect offline merchants and marketplaces, said Indonesia’s government. 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