Singapore stocks jumped this week, with the STI up 1.5%.
Meanwhile, Singapore's key consumer price gauge rose 1.2% in November from a year earlier; The Republic’s factory output jumped 14.3% year on year in November, led by a surge in the volatile biomedical cluster, data from the Economic Development Board showed.
In terms of individual stocks, Seatrium rose 3.4%; DBS rose 2.5%; Sembcorp and Yangzijiang Shipbuilding rose 2.4%; ST Engineering rose 2.3%; Keppel rose 2.2%; SGX rose 1.5%; SIA rose 1.4%; OCBC rose 1.3%; UOU rose 1.2%.
Market News
Singapore Core Inflation at 1.2% Y/Y in November, Lower Than Expected
Singapore's key consumer price gauge rose 1.2% in November from a year earlier, official data showed on Tuesday.
The core inflation rate, which excludes private road transport and accommodation costs, was lower than the median forecast of 1.3% in a Reuters poll of economists, and matches the 1.2% reading in October.
Headline inflation was 1.2% in annual terms in November, lower than the poll forecast of 1.3%.
Singapore Factory Output Rises 14.3% in November, Moderating from October’s Growth
The Republic’s factory output jumped 14.3 per cent year on year in November, led by a surge in the volatile biomedical cluster, data from the Economic Development Board showed on Friday (Dec 26).
Still, this fell shy of private-sector economists’ median estimate of 15 per cent in a Bloomberg poll, and marked a slowdown from October’s revised 28.9 per cent growth.
Economists were mixed on the outlook for December and into 2026, though they noted that November’s moderation comes after two months of strong growth.
Grab Rides to Cost S$0.30 More from Jan 1 with Platform Fee Hike
Singapore's largest ride-hailing firm Grab will be increasing its platform fee by S$0.30 come Jan 1, 2026.
Passengers will then pay S$1.20, up from the current S$0.90, the firm said in an e-mail announcement on Wednesday (Dec 24).
The hike in “platform and partner fees” will support upcoming updates to drivers’ CPF contribution rates under the Platform Workers Act, said Grab.
Seatrium, Maersk Resolve Contract Dispute, with Giant Line to Pay $465 Million Upon Vessel Delivery
Offshore, marine and energy specialist Seatrium said on Dec 22 it has reached a settlement with Denmark’s Maersk to deliver an offshore wind vessel that was intended to work on a project off the coast of New York.
Maersk Offshore Wind’s affiliate Phoenix II will pay the balance of the contract price – valued at US$360 million (S$465 million) – upon delivery of the vessel. As at Dec 22, the project is around 99.8 per cent completed, Seatrium added in its statement.
The deal comes after Seatrium started its own arbitration proceedings against the buyer in November, against a “wrongfully terminated” US$475 million contract in 2022. Seatrium said in a statement on Dec 22 that the wind turbine installation vessel involved in the contract will be delivered by Feb 28, 2026.
Keppel Reit Unit Secures Three Bridge Loans Totalling S$892 Million
The manager of Keppel Real Estate Investment Trust (Reit) said on Wednesday (Dec 24) that it has obtained three bridge loan facilities totalling about S$892 million through a wholly owned subsidiary.
The facilities, all of which are dated Wednesday and guaranteed by HSBC Institutional Trust Services (Singapore), contain conditions relating to changes to the Reit’s manager.
