SG Morning Highlights: Singapore core inflation rises to 4.8% in July but official full-year forecasts unchanged

Advancers / Decliners is 74 to 58, with 115.71 million securities worth S$61.16 million changing hands.

Efforts are under way to find a worker who fell into the sea on Monday (Aug 22) after a crane collapsed at a Tuas shipyard and injured four other workers.

In response to queries, the Ministry of Manpower (MOM) said a 38-year-old Bangladeshi worker in Keppel Shipyard was on a pier where the crane had toppled.

MOM said part of the concrete pier that the crane was standing on collapsed. The crane then toppled, with part of the structure under water.

Vietnam's exports are forecast to rise 9.46 per cent this year to US$368 billion, the trade ministry said, with the manufacturing hub expected to benefit from newly-signed trade deals despite economic headwinds in its major markets.

The South-east Asian country has signed more than a dozen free trade agreements in recent years, including 1 with the European Union and an 11-country CPTPP deal that will slash tariffs across much of the Asia-Pacific.

"Businesses have benefited from the free trade agreements to boost exports," the ministry said in a statement late on Monday (Aug 22).

As Singapore's core inflation rose to a 13-year high of 4.8 per cent in July, official expectations for when price increases will start to ease have been pushed back later in 2022, even as full-year forecast ranges were left unchanged.

The July figure was a hair above economists' expectations of 4.7 per cent in a Bloomberg poll, and up from 4.4 per cent in June, according to Department of Statistics consumer price index (CPI) figures on Tuesday (Aug 23).

Headline inflation – which includes accommodation and private transport costs – was in line with economists' expectations at 7 per cent, up from 6.7 per cent in June and representing another multi-year high.

The loan is based on Poseidon Principles, a framework for integrating climate considerations into lending decisions to promote international shipping’s decarbonisation.

In a press statement on Wednesday (Aug 24), Olam Agri said the facility saw participation from a "large and diverse group" of 16 lenders including DBS, MUFG Bank and Natixis - who also served as joint Poseidon Principles programme co-ordinators for the facility.

In a statement, the manufacturer of chemicals said Yeo has over 20 years of business and operations experience in multinational companies (MNC) in the chemical industry.

He has held various regional leadership responsibilities in business management and operations; his last appointment was as director and regional lead responsible for business development project management in the Asia-Pacific for German-based chemical MNC, BASF South-east Asia.

The mainboard-listed company announced via a bourse filing on Tuesday (Aug 23) that Wu has resigned from his post, a position he was appointed for in March 8 this year.

Nutryfarm has been placed under judicial management as of Jun 28, and Wu's services as chairman would no longer be required.