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Comfort Raises Flag Down Fares. Will This Shape The Landscape For Ride Hailing? (Money FM)

Dec 7, 2023

Singapore stocks started the day on a softer note, mirroring overnight losses on Wall Street.
In early trade, the Straits Times Index (STI) headed down 0.6 per cent to 3,070.31 points after 36.8 million securities changed hands in the broader market.
In terms of companies to watch, we have Manulife US Reit, after investor watchdog Securities Investors Association (Singapore), or Sias, questioned Manulife US Reit’s fundraising proposal of a mix of asset dispositions and a sponsor-lender loan.
Elsewhere, from ComfortDelgro raising taxi fares to more on concerns over the US$1.6 trillion private credit market, more corporate and international headlines are in focus.