SG Morning Highlights: MICE industry to see robust recovery
Good morning mooers! Here are things you need to know about today's Singapore:
Singapore shares opened higher on Friday; STI up 0.42%
MICE industry to see robust recovery
Stocks & REITs to watch: Raffles Education, Fraser and Neave
Latest share buy back transactions
-moomoo News SG
Singapore shares opened higher on Friday; STI up 0.42%
MICE industry to see robust recovery
Stocks & REITs to watch: Raffles Education, Fraser and Neave
Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened higher on Friday. The $FTSE Singapore Straits Time Index(.STI.SG$ gained 0.42 per cent to 3,240.25 as at 9:17 am.
Advancers / Decliners is 111 to 64, with 151.18 million securities worth S$111.27 million changing hands.
Breaking News
The Meetings, Incentives, Conventions, and Exhibitions (MICE) industry is expected to have a strong recovery, the Singapore Tourism Board said.
This will be driven by the city's reopening, with no quarantine and testing requirements, to fully-vaccinated visitors.
A full recovery is expected in two to three years, following a strong pipeline of events from 2022 onwards.
With Singapore hosted over 150 events, attended by 37,000 delegates in the first three months of 2022. At least 66 international events are expected to be held for the rest of the year, which would bring the total higher than the 200 events hosted last year.
Stocks & REITs to watch
$Raffles Edu(NR7.SG$ on Wednesday (Apr 20) sought to clarify media reports regarding a charge sheet filed against the company over its dispute in India. In a bourse filing, REC noted an article that said the Delhi Police's Economic Offences Wing (EOW) had filed a charge sheet against its directors and top management, over its dispute with Educomp Group and Jai Radha Raman Education Society.
$F & N(F99.SG$'s subsidiary Fraser & Neave Bhd (F&NHB) and Cocoaland on Thursday (Jun 2) requested trading suspensions on Bursa Malaysia, pending announcements. The bourse operator approved both requests for suspension, which will be effective from 9 am on Friday, according to separate bourse filings.
Latest share buy back transactions
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