Economy
Analyst warns Singapore banks to beware the liquidity squeeze
The collapse of SOR would add margin pressure to 3Q11 results but CIMB is more concerned about S$ deposit competition.
Analyst warns Singapore banks to beware the liquidity squeeze
The collapse of SOR would add margin pressure to 3Q11 results but CIMB is more concerned about S$ deposit competition.
Singapore economy is 2nd most competitive worldwide
The country got top ratings for public trust of politicians and transparency in policymaking.
China’s inflation surges 6.2% in August
Food inflation moderated to 13.4%, while nonfood inflation accelerated to 2.9%.
Singapore and Korea sign MOU to promote collaboration between firms
Part of the collaboration is regular information-sharing on growth areas in emerging markets of interest to Korea and Singapore.
Chinese government debt worrisome at 42.9% of GDP
However, the main problem is that the local government debt is much higher than the central government debt.
Malaysian GDP growth may be lower than the 5-6% forecast
DBS thus expects Bank Negara Malaysia to stick to a steady course and keep the Overnight Policy Rate (OPR) steady at 3.00%.
Economists cut Singapore growth forecasts from 6.2 to 5.3%
A quarterly survey shows private sector economists downgrading their forecasts for the gross domestic product growth of Singapore. This was announced...
Prime Minister nominates Michael Palmer as next Speaker of Parliament
Mr Lee Hsien Loong has briefed PAP MPs on the nomination and received their full support.
India’s core inflation critical at 5.2%
It breached the crucial 5% mark for the first time in 25 months.
China’s services PMI plunges to 6-year low of 50.6 in August
HSBC says this reflects the effect of property and credit tightening measures.
Fickle-minded Japanese: Leadership changes in Japan underscore government weakness
Yoshihiko Noda became Japan’s new Prime Minister this past week, the sixth change of post over in the last five years.
Philippine inflation to peak in Q3 2011
The country's headline inflation likely edged up to 4.7% in August.
The President is taking office at a critical point: Prime Minister
Fortunately, according to Mr Lee Hsien Loong, Singapore is in a good position amidst the deeply troubled global economy.
I will strive to be a President of whom you will all be proud: Dr Tony Tan
Singapore’s 7th Head of State said that, as a symbol, the President can strive to embody all that is good in Singapore and Singaporeans.
India’s manufacturing PMI drops to 52.6 in August
HSBC says this moderation in growth is set to continue over the next few months.
Thailand’s headline inflation of 4.3% well above expectations
And core inflation accelerated to 2.85% (YoY) against a forecast of 2.6%.
Korea’s inflation surges to three-year high of 5.3%
Blame the 11.4% rise in food prices for the higher inflation.
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