Market View: Deutsche Bank vs Credit Suisse and Silicon Valley Bank; First Citizens buys SVB; Sembcorp Industries and Becamex IDC to explore smart and sustainable industrial parks in Vietnam; Keppel Corp to divest stake in Podium West Tower and The Podium Mall in Philippines

Your Way Home with Hongbin Jeong · Mar 27, 2023 · 13m

Singapore shares opened higher today as the trio of local banks remained resilient despite the recent woes of Deutsche Bank. The Straits Times Index rose 0.6 per cent in early trade to 3231.31 points after 23.3 million securities changed hands. In terms of companies to watch, we have Keppel Corporation. The group’s Philippines-listed subsidiary will divest a remaining 50 per cent stake in The Podium West Tower and The Podium Mall in the Philippines for around 8 billion pesos (S$195 million). Elsewhere, investors remain cautious ahead of what could be yet another rocky week, after the cost of…