Daily briefing: SG banks stocks climb after eased dividend restrictions; Hospitals may be filled if COVID cases increase 'uncontrollably'

And TotalEnergies buys BlueSG EV charging network.


Stocks of Singapore banks rose following the announcement of the Monetary Authority of Singapore (MAS) that it will lift the dividend cap on local banks and financial companies.

Shares of DBS went up by 0.6 %; whilst OCBC and UOB’s shares increased by around 1%.

MAS said it will not be extending the restrictions, imposed since June 2020 to ensure local financial institutions maintain their lending capacity.

Read more here.

From CNA

Hospital beds could fill up within a week if the cluster grows “uncontrollably,” which could double the number of infections in 7 to 10 days, Health Minister Ong Ye Kung said.

At present, Singapore has already opened about 70 ICU beds. This could be increased to 1,000, Ong said, if needed.

Isolation beds have also been increased to 1,000, of which 80% have already been occupied.

Read more here.

From CNA

BlueSG electric vehicle (EV) charging network will be acquired by French energy firm, TotalEnergies.

Blue SG has over 1,5000 EV charging points across Singapore. It accounted for 85% of charging points on the island.

The charging points will be rebranded as TotalEnergies.

Read more here.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Thanks to the renewal of interest in the Singapore market.
The electronics cluster showed the most optimism.
The initiative aims to improve the overseas service exports environment.
This is the group’s 2nd sustainability notes issuance in the SGD bond market.
A Jefferies report said Singapore banks have enough buffers.
HongkongLand, CapitaLandInvest, and ComfortDelGro showed the most growth.
Mizuho Securities Asia Limited will be the notes dealer.
The company’s first batch has been fully allocated in the country.
The total consideration of up to $539m over three years will take effect. 
This is to address the increased global demand for healthcare products.
Thanks to the company's improved distribution channels.
Hiring activities online increased by 55.7% in August.
CapitaLandInvest, Capland IntCom T, and Sembcorp Industries showed the most growth.
This low turnout is due to the large quantum of the project, experts say.