Singapore shares advanced yesterday in a bargain-hunting session as investors dismissed rising infections in the region and a retreat on Wall Street. The Singapore Straits Times Index rose 2.04 per cent to 3,142.63. Across the broader market, gainers outnumbered losers 384 to 120 as 2.21 billion securities worth $1.63 billion changed hands. Singapore s latest social restrictions to battle a new wave of Covid-19 infections is unlikely to derail growth, in our view. The gross domestic product contribution of the most affected domestic sectors is limited and these are better prepared to respond to lockdowns than a year ago, Maybank Kim Eng analysts noted in a report.
SINGAPORE (THE BUSINESS TIMES) - Tighter measures due to the recent spike in Covid-19 cases may result in near-term weaknesses for reopening trade office and retail Reits (real estate investment trusts), DBS Group Research said in a report on Monday(May 3).
However, the analysts noted that stocks are not expected to revisit the lows which happened in March 2020 despite the increased volatility. This is because the Government and the community are better prepared to curb the community spread, and financial impact to landlords will likely be minimal, DBS said.
The research house anticipates that Reits with a focus on more discretionary trades may see more near-term volatility. This includes SPH Reit, Starhill Global Reit, Lendlease Reit and Mapletree Commercial Trust.
Press Release26 April 2021
Malmaison, Hotel du Vin and Frasers Hospitality UK Raise Awareness of Mental Health with The Burnt Chef Project
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Today, UK boutique hotel brands Malmaison and Hotel du Vin, alongside Fraser Suites and Fraser Place properties across the UK, are partnering with The Burnt Chef Project, a non-profit campaign committed to removing the stigma and raising awareness of mental health issues within the hospitality industry. Advertisements
The three brands, operating under Frasers Hospitality s global business, have committed to a range of fundraising initiatives for the project within their properties. All donations made will go directly to help fund mental health training and resource materials, including The BurntChef 24/7 support service and The Burnt Chef Academy, to help open up and normalise conversations around mental health within the UK hospitality industry.
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The Singapore Exchange Centre on Shenton Way.ST PHOTO: KEVIN LIM
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