Singapore is exploring plans to expand its gold storage capacity as it seeks to position itself as a major global bullion trading hub , targeting central bank reserves and institutional flows. Strategic Push Into Bullion Market Authorities are evaluating potential sites — including areas near Changi Airport — to enhance vaulting infrastructure for gold storage , according to sources familiar with the discussions. The Monetary Authority of Singapore confirmed it is considering the use of existing facilities for gold vaulting , though it stopped short of confirming expansion plans. The move aligns with Singapore’s broader ambition to strengthen its role in precious metals trading and financial services . Targeting Central Banks and Institutional Demand A key objective is to attract central banks , which collectively hold around 39,000 tonnes of gold , accounting for roughly 18% of global supply , according to the World Gold...
FBM KLCI goes up by 0.9%, following the Asian region trend. This came as the market sentiment improved, due to oil gain. At 5pm, the KLCI closed at 1,664.99 points. Gains in counters such as SapuraKencana Petroleum Bhd and UMW Holdings Bhd supported the index's advance.
Brent crude surged above US$35 a barrel as energy ministers from Saudi Arabia and Russia, two of the world's biggest oil producers, met in Doha on Tuesday to discuss the market.
Bursa Malaysia saw 1.8 billion shares worth RM1.77 billion traded. Gainers outnumbered decliners at 551 against 303.
Hubline Bhd was the most-actively traded stock. The leading gainer was Genting Bhd.
British American Tobacco (M) Bhd and Petronas Gas Bhd were among the biggest decliners.
Asian stock indices rose. In China, the Shanghai Composite gained 3.29%, while Hong Kong's Hang Seng climbed 1.08%.
Japan's Nikkei 225 rose 0.2% while South Korea's Kospi was up 1.4%.
Asian shares extended gains today as a combination of stabilising Chinese markets, rebounding oil prices and solid US consumption data prompted investors to look for bargains after last week's rout.
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| FBM KLCI increased by 0.9% |
Brent crude surged above US$35 a barrel as energy ministers from Saudi Arabia and Russia, two of the world's biggest oil producers, met in Doha on Tuesday to discuss the market.
Bursa Malaysia saw 1.8 billion shares worth RM1.77 billion traded. Gainers outnumbered decliners at 551 against 303.
Hubline Bhd was the most-actively traded stock. The leading gainer was Genting Bhd.
 |
| Top Active |
 |
| Top Gainer |
British American Tobacco (M) Bhd and Petronas Gas Bhd were among the biggest decliners.
 |
| Top Loser |
Japan's Nikkei 225 rose 0.2% while South Korea's Kospi was up 1.4%.
Asian shares extended gains today as a combination of stabilising Chinese markets, rebounding oil prices and solid US consumption data prompted investors to look for bargains after last week's rout.
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