Economy
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ECONOMY |
3 min 5 sec ago
3 reads
But global economic uncertainties linger.
According to the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey, Singapore's business confidence improved from the previous reading of 61 to 83, with four still concerned about the global economy. Read ››
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ECONOMY |
4 hours 39 min ago
BY JACKY TAN
263 reads
This morning, I woke up from the smell of haze smoke; my throat went dry and my eyes become uncomfortable. Read ››
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ECONOMY |
7 hours 44 min ago
60 reads
As economy makes a nascent rebound.
The Singapore Commercial Credit Bureau noted that there has been a strong rebound in payment promptness of local firms from 2011’s two-year record low. Read ››
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ECONOMY |
7 hours 47 min ago
16 reads
Blame it on global PMI's slowdown in May.
According to DBS, export orders(May) are due today and industrial production will be released next Monday. Read ››
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ECONOMY |
8 hours 42 min ago
288 reads
Impressive 11.5% increase from last year.
Aside from the strong jump in wealth among Singapore high net worth individuals (HNWIs), the super-rich cohort also saw a strong increase in population as they now number 101k, up 10.3% from the previous year, according to the latest RBC Wealth Management & Capgemini World Wealth Report 2013. Read ››
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ECONOMY |
19 Jun 13
32 reads
Firms sought more overseas investments.
According BBVA Research, China’s May FDI inflows amounted to $9.26 billion, reflecting a 0.3% y/y increase, the fourth straight month of positive year-over-year gains. Read ››
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ECONOMY |
19 Jun 13
69 reads
It is getting uglier.
According to UBS analyst Tao Wang, over the past 10 days, China’s short-term interbank interest rate rose to near record highs, coming down only somewhat in the last couple of days. Read ››
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ECONOMY |
19 Jun 13
620 reads
The TIP of an iceberg?
According to DBS, Southeast Asia is fast becoming a third growth force in emerging Asia, next to China and India. Read ››
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ECONOMY |
19 Jun 13
45 reads
Inflationary pressure has stayed benign, says analyst.
According to DBS, inflation is expected to remain fairly stable in May. Read ››
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ECONOMY |
18 Jun 13
115 reads
It's worse than last month's drop.
According to UOB Economic-Treasury Research, Singapore’s May non-oil domestic exports (NODX) contracted 4.6% y/y, worse than the 1.0% y/y decline seen a month ago and over-shooting consensus estimates of a milder 0.2% decline.
On an m/m SA basis, May’s NODX declined 1.1%, following the 1.1% expansion seen in April. Read ››
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ECONOMY |
18 Jun 13
54 reads
25% of poorest families to get compensation.
According to DBS, the government announced late last night that fuel price hikes have been approved. Read ››
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ECONOMY |
18 Jun 13
79 reads
PMI and new export orders still rising.
Singapore's non-oil domestic exports has stayed in the red for a fourth straight month in May 2013 as it fell by -4.6% YoY (Apr 2013: -1.0% YoY; Consensus: -0.2% YoY), mainly on weakness in electronic exports, noted Maybank Kim Eng. Read ››
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ECONOMY |
18 Jun 13
584 reads
See why one economist thinks so.
Commenting after the release of Singapore's April non-oil domestic exports, DBS economist Irvin Seah said that external demand is not that weak so the recent slip in NODX could suggest that "Singapore is losing its competitive edge drastically, thereby affecting its domestic exports, and hence the performance of its manufacturing sector."
Here's the complete comment analysis from DBS:
Read ››
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ECONOMY |
14 Jun 13
67 reads
On the back of rising fuel prices.
According to Barclays, Indonesia’s inflation is pegged to hit 8.2% by year-end on the planned fuel price hikes. Read ››
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ECONOMY |
14 Jun 13
73 reads
Better-than-expected result reduces rate cut possibility.
According to BBVA, Australia unexpectedly created more jobs in May, reducing the likelihood of a rate cut by the Reserve Bank of Australia (RBA) at its next policy meeting on July 2. Read ››
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ECONOMY |
13 Jun 13
83 reads
8 in 10 top markets declined.
According to Maybank Kim Eng, following a slight 0.2% YoY increase in March, merchandise exports contracted 12.8% in April (USD4.04b) to bring the decline YTD to 7.9% (USD16.1b).
Here's more:
Read ››
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ECONOMY |
12 Jun 13
113 reads
Here's what to blame.
According to DBS, pressure on the budget has been building as revenues and expenditures get pulled in different directions.
Revenue growth has been slow, averaging just 5.7% YoY in the first four months of the year and we suspect that depressed commodity prices have a large role to play as economic growth still held above 6%. Read ››
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ECONOMY |
12 Jun 13
153 reads
But inflation is pegged to to rise to 2.5%.
DBS has lowered our inflation forecasts for 2013 and 2014 to 2.0% and 2.4% respectively.
These are down from our earlier estimates of 2.8% and 3.2%. Read ››
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ECONOMY |
12 Jun 13
65 reads
As GDP forecast is pegged to hit 0.8%.
According to DBS, the Bank of Korea is expected to hold rates steady at 2.50% when they meet tomorrow. Read ››
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ECONOMY |
12 Jun 13
64 reads
Inflationary pressure has stayed benign.
According to DBS, it has lowered its inflation forecasts for 2013 and 2014 to 2.0% and 2.4% respectively.
Here's more:
Read ››
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ECONOMY |
11 Jun 13
112 reads
Slower growth forecast for next year.
According to UBS Investment Research, Philippines real GDP famously outpaced all the larger economies in Asia, including China, in Q1 2013. Read ››
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ECONOMY |
11 Jun 13
171 reads
Will lkely outpace headline inflation.
"We anticipate nominal wage growth to remain around 4-5% in 2013, but headline inflation to subside slightly to around 3% handle, suggesting that real wage growth could revert to positive growth again," said OCBC in its Weekly Macro views report. Read ››
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ECONOMY |
11 Jun 13
46 reads
Thanks to low base effect.
According to DBS, industrial production index for Apr13 today will likely surprise on the upside. Read ››
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ECONOMY |
10 Jun 13
166 reads
Will it recover in Q3?
According to UBS Investment Research, May export growth dropped significantly and such weakness is expected to delay the overall recovery until Q3 2013. Read ››
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ECONOMY |
10 Jun 13
92 reads
Growth expectation also down to 5%.
According to DBS, they have lowered growth expectation for 2013 to 5.0%, down from 5.5% previously. Read ››
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ECONOMY |
10 Jun 13
81 reads
GDP forecast slipped to 2.6%.
According to DBS, GDP forecast for 2013 has been lowered further to 2.6% from 3.3%. The 2Q growth appears weaker than expected. Read ››
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ECONOMY |
10 Jun 13
63 reads
Is it a good sign?
According to DBS, GDP growth forecasts have been tweaked to 2.8% for 2013 (from 3.0%) and 4.0% for 2014 (from 3.9%).
DBS is still comfortable about the relative performance of Korean exports, despite a challenging global environment and the threat of JPY weakness. Read ››
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ECONOMY |
10 Jun 13
51 reads
Recovery to be delayed to 2014.
According to DBS, its GDP forecast for 2013 has been lowered further to 2.6% from 3.3%. The 2Q growth appears weaker than expected. Read ››
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ECONOMY, FINANCIAL SERVICES |
08 Jun 13
87 reads
Lending and shadow banking risks still "manageable".
BBVA notes that the People’s Bank of China (PBoC) has released its annual financial stability report, stressing that, despite rising risks from lending in the real estate sector and growth of shadow banking, the overall financial system remains healthy. Read ››
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ECONOMY |
07 Jun 13
133 reads
Very resilient economy indeed.
According to Moody's, Singapore has demonstrated a very high degree of resilience to global financial shocks, despite the openness of its economy, its dependence on global trade and finance, and its spatial and resource constraints. Read ››
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ECONOMY |
07 Jun 13
73 reads
PMI has also been disappointing.
According to DBS, the outlook for export demand remains challenging. Read ››
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ECONOMY |
07 Jun 13
98 reads
Is there a need for more policies?
According to DBS, the focus of the market on China economic indicators is somewhat too narrow. Read ››
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ECONOMY |
07 Jun 13
163 reads
Here's why the outlook remains challenging.
According to DBS, Taiwan’s external trade data for May (due today) will likely show export growth has stayed slightly negative at -0.8% YoY. Read ››
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ECONOMY |
06 Jun 13
136 reads
Historical productivity growth shows the reasons.
According to Moody's, they consider as ambitious the Singapore government's aim to increase labor productivity by 2% to 3% every year until 2020, and 1% to 2% between 2020 and 2030.
Moody's also said that this is given the historical productivity growth in other advanced economies, which ranged from -0.4% to 3.2% per year between 2000 and 2010, and because Singapore's overall productivity decreased by 2.6% last year. Read ››
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ECONOMY |
06 Jun 13
73 reads
It's still on an 'extended sweet spot of growth'.
According to DBS, its 2013 GDP growth forecast been revised up to 6.4% from 6.0% previously on the back stronger-than-expected 1Q numbers. Read ››
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ECONOMY |
06 Jun 13
110 reads
But it'll be a slow process.
According to the report, Moody's expects Singapore's real GDP growth to recover only slowly, to 3% in 2013 and 3.5% in 2014, from 1.3% in 2012. Read ››
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ECONOMY |
06 Jun 13
54 reads
Will it remain muted for the rest of the year? Read ››
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ECONOMY |
06 Jun 13
92 reads
Feeling the pinch of a mining slowdown.
According to BBVA, Australian GDP growth registered 0.6% q/q sa (consensus: 0.8%), broadly flat from Q4 2012, which the research group said is adding to signs that the waning mining boom is dampening investment spending. Read ››
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ECONOMY |
05 Jun 13
BY RAY BIGGER
441 reads
Companies around the world agree. If their key systems were as ineffective as their meetings they would be out of business! Read ››
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ECONOMY |
05 Jun 13
87 reads
It's big on domestic demand.
Its export According to UBS Investment Research, China’s economy is the second largest one in the world and the fastest growing large one, but its “true” importance for the global economy is often questioned. Read ››
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