SG Morning Highlights | Straits Trading to Sell Adelaide Industrial Property for A$52.7 Million

Advancers / Decliners is 88 to 62, with 89.35 million securities worth S$47.57 million changing hands.

Nomura has revised its outlook for Singapore's core inflation this year to 3.3% from 3% previously after prices rose faster than expected in February. The latest forecast is near the upper end of the Monetary Authority of Singapore's forecast range of 2.5% to 3.5%, and higher than the consensus forecast of 3%. Analysts at Nomura took into account the higher-than-anticipated inflation print in the first two months of 2024, which averaged 3.4%. Core inflation is forecasted to average 3.4% through the third quarter, before easing to 3% in the fourth quarter.

A new report from Cisco has found that only 1% of companies in Singapore are highly prepared for cybersecurity incidents, with just 27% achieving mature and progressive stages of readiness. Meanwhile, 60% and 11% of firms are in the formative and beginner stages, respectively. Despite this lack of readiness, 31% of firms in Singapore claim to "feel very confident" in their ability to stay resilient amidst the evolving cybersecurity landscape. However, Cisco warns that this misplaced confidence could lead to companies underestimating the true scale of the challenges they face. The report also found that 91% of companies have increased their cybersecurity budgets over the past one to two years, with the majority expecting further increases in the coming years.