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Proposals will likely focus on aviation, tourism sectors SINGAPORE: Equity investors expecting a big boost for Singapore’s benchmark index from its upcoming annual budget could be disappointed: heavyweight blue chips are unlikely to benefit from government largess.
Aimed at reversing the nation’s worst economic contraction since it became independent in 1965, tomorrow’s budget is set to focus on the pandemic-hit travel sector or firms with mandates in line with green or digital initiatives, say analysts.
That’s bad news for the benchmark Straits Times Index, which has risen 2.9% so far this year.
The gauge has significantly underperformed the broader MSCI Asia Pacific Index even though Singapore has managed to contain the spread of the virus.
Banks, Property Stocks Could Be Losers in Singapore’s Budget
Bloomberg 2/15/2021 Ishika Mookerjee and Abhishek Vishnoi
(Bloomberg) Equity investors expecting a big boost for Singapore’s benchmark index from its upcoming annual budget could be disappointed: heavyweight blue chips are unlikely to benefit from government largesse.
Aimed at reversing the nation’s worst economic contraction since it became independent in 1965, Tuesday’s budget is set to focus on the pandemic-hit travel sector or firms with mandates in line with green or digital initiatives, say analysts.
That’s bad news for the benchmark Straits Times Index, which has risen 3.5% so far this year. The gauge is lagging the broader MSCI Asia Pacific Index by six percentage points even though Singapore has managed to contain the spread of the virus.
January 20, 2021
Weibo
[UPDATED: JAN 22, 2021]
A second list of celebrities who are joining the upcoming season of Sisters Who Make Waves have been released, and the most eye-catching names include Hong Kong singer Joey Yung, 40, and Taiwanese actress Michelle Chen, 37.
The latter shot to fame in the youthful 2011 romantic film You are the Apple of my Eye, while Joey has won numerous awards for her music.
Popular Chinese reality television series Sisters Who Make Waves has announced the first 10 female celebrities taking part in the second season of the show.
One of the highest-profile names on the list unveiled on Weibo on Tuesday (Jan 19) is Hong Kong actress Cecilia Cheung, who has been in the news in the last two years for declining to disclose who fathered her third son, who was born in Nov 2018.