Daily Briefing: Singapore investors still jittery on UK property; Has Singapore been successful in preventing illicit trades?

And here's what to watch out for in MAS’ policy statement.

Even with the weakening pound, property investors in Singapore are still cautious to buy a property in the United Kingdom compared to their counterparts in other Asian countries. Despite the renewed interest in London properties, some investors are not jumping in as concerns about the country's economy and Brexit situation have send them into jitters. Know more about the story here.

No one would even think that the wealthy city-state of Singapore, with its flourishing trade, orderly life and near-zero crimes, would be a place associated with illegal trade. However, a report by the Economist Intelligence Unit revealed that Singapore is at seven out of 17 countries who has scored poorly in preventing illegal trade. Read more here.

Some analysts are looking to the city-state's central bank to provide any clues as to whether it prefers a weaker dollar to beef up an economy that probably has not seen growth in the third quarter. At its last policy decision in April, the central bank eased its stance by saying it would not seek an appreciation in the exchange rate. Here are some things to watch out for in the MAS statement today.

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