Market View: Grab cuts over 1,000 employees; NIO’s share subscription agreement; Keppel to operate cooling system in the Jurong Lake District; China’s 520b yuan tax break to boost EV sales; YouTube reported to launch first official shopping channel; Elon Musk’s Tesla to invest in India?; Jerome Powell’s testimony to Congress

Your Way Home with Hongbin Jeong · Jun 21, 2023 · 12m

Singapore shares opened lower today following losses in the global markets. In early trade, the Straits Times Index (STI) was down 0.4 per cent to 3,206.93 points after 32.9 million securities changed hands in the broader market. In terms of companies to watch for today, we have Keppel, after the conglomerate obtained a contract to design, build, own and operate a new large-scale district cooling system plant in the Jurong Lake District for 30 years, during which it expects to generate about S$950 million. Meanwhile, we now know that Grab is cutting 1,000 employees or 11 per cent of its…