Singapore Shares Log Gains as Markets Await Key US Federal Reserve Speech

MT Newswires

2025/08/21

Singapore shares closed higher on Thursday as investors await US Federal Reserve Chairman Jerome Powell's upcoming speech on interest rates on Friday.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,215.51 and 4,233.33 throughout the day. It ended the session at 4,230.90, up 11.36 points or 0.27% compared to Wednesday's close.

In company news, shares of Beng Kuang Marine (SGX:BEZ) were up over 6% at the close as it outlined plans to restructure its units, MTM Engineering and OneHub Tank Coating.

Serial System's (SGX:S69) shares were up over 2% as its associated company, Bull Will, won proceedings in the Taiwan Shilin District Court, in connection with a civil suit filed by the Securities and Futures Investors Protection Centre of Taiwan (SFIPC).

Meanwhile, RAM Ratings reaffirmed its ratings of Frasers Hospitality Trust (SGX:ACV) sponsored Series 2024-A bonds under Notable Vision's 750 million medium term bonds program.

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It ended the session at 4,230.90, up 11.36 points or 0.27% compared to Wednesday&#39;s close.</p><p>In company news, shares of Beng Kuang Marine (SGX:BEZ) were up over 6% at the close as it outlined plans to restructure its units, MTM Engineering and OneHub Tank Coating.</p><p>Serial System&#39;s (SGX:S69) shares were up over 2% as its associated company, Bull Will, won proceedings in the Taiwan Shilin District Court, in connection with a civil suit filed by the Securities and Futures Investors Protection Centre of Taiwan (SFIPC).</p><p>Meanwhile, RAM Ratings reaffirmed its ratings of Frasers Hospitality Trust (SGX:ACV) sponsored Series 2024-A bonds under Notable Vision&#39;s 750 million medium term bonds program.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d515d56d989c5d914d92968cd4a1aa0f\" tg-width=\"488\" tg-height=\"673\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"S69.SI","symbol_name":"新晔科技","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2561216463","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2561216463","pubTimestamp":1755769800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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