Singapore Electricity Tariffs, Foundation Healthcare IPO and Tesla

Singapore Electricity Tariffs, Foundation Healthcare IPO and Tesla


Welcome to this week’s edition of top stock market highlights.

This week spans the local and the global: a fresh cost-of-living pinch for Singapore households as power and gas tariffs climb, a landmark healthcare debut set for the SGX mainboard, and a sharp share-price reaction in the US that defied a strong operational showing. 

Here is what caught our eye.

Higher fuel costs push power and gas bills up for households

Singapore households face steeper utility bills this quarter. 

The Energy Market Authority (EMA) said on 30 June 2026 that the electricity tariff will rise 17% and the town gas tariff by 7.1% from July to September 2026. 

Grid operator SP Group said electricity prices for homes will climb 4.64 cents per kilowatt-hour (kWh) from the previous quarter, to 31.91 cents per kWh, before goods and services tax. 

A four-room Housing & Development Board household can expect an increase of around S$17.14 in its average monthly electricity bill before GST. 

Piped gas provider City Energy will lift its household tariff by 1.56 cents per kWh, to 23.48 cents per kWh, before GST. 

The EMA attributed the increase to higher natural gas prices amid the Middle East conflict, though it flagged that tariffs could ease in the fourth quarter should the situation improve. 

The electric-vehicle maker reported 480,126 deliveries and vehicle production of 451,758 for the second quarter, well ahead of the roughly 406,600 deliveries analysts had expected. 

Even so, the stock sank about 7.49% on Thursday, its worst day in almost a year, having fallen on each of the past three quarterly delivery reports. 

The quarter marked a 25% year-on-year rise in deliveries, but Tesla is still trying to recover from consecutive annual declines in sales, partly linked to a consumer backlash against CEO Elon Musk and the loss of a US federal tax credit. 

A boon came from higher European EV demand driven by war-related fuel prices, though oil has since retreated. 

Rivals including China’s BYD (SGX: HYDD) continue to press with cheaper, high-tech models.

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The post Top Stock Market Highlights of the Week: Singapore Electricity Tariffs, Foundation Healthcare IPO and Tesla appeared first on The Smart Investor.






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