Daily Briefing: JTC, Shell Singapore to explore Semakau solar farm plan; “Tsunami of Money” likely for ESG investments: DBS

And Singapore's reopening still under review after recent outbreak

From CNBC

The JTC Corporation and Shell Singapore have entered into a non-binding memorandum of understanding to explore the Semakau Landfill for the development of solar farm.

The solar farm will likely take up 60 HA with a capacity of 72 megawatt. It is expected to produce energy that could power up to 17,500 households for a year.

Read more here.

From CNBC

A “tsunami of money” is expected to flow intro sustainable investments, DBS Group Chief Executive Piyush Gupta said.

Gupta added investors are now becoming interested in investments that are sustainable or socially responsible. He noted whether sustainable investment is just a trend or a long-term strategy, it will likely lead to good returns.

Read more here.

From CNA

A multi-ministry task force is currently assessing the “timing and scope” for the reopening of Singapore, following the recent rise in COVID-19 cases that placed it under Phase 2 (heightened alert).

The task force, according to Finance Minister Lawrence Wong, is studying the situation with health experts.

Read more here.

 

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