Economy
Singapore-Sichuan Investment Holdings to explore technology park project
Newly-formed consortium signs MOU with Chengdu Hi-Tech Zone to conduct feasibility study of the Park.
Singapore-Sichuan Investment Holdings to explore technology park project
Newly-formed consortium signs MOU with Chengdu Hi-Tech Zone to conduct feasibility study of the Park.
Services growth peaks
Growth was led by the wholesale and retail trade (18.9%), hotels and restaurants (10.4%) and the other services segment (12.9%), according to DBS.
US: Decent rebound in the trade accounts expected
DBS Group Research noted if trade balance had remained stable between Q1 and Q2, GDP growth would have been 5.3% (QoQ, saar) instead of the 1.6% that...
USD-SGD may be further weighed by any USD-MYR heaviness
The SGD NEER is currently around +1.9% above its perceived parity and the pair is expected to be heavy but restrained within a 1.3380-1.3480 range...
US retail sales to grow
Retail sales in the US should show a continuation of the 6% (saar) trend growth established 18 months ago, according to DBS.
Forum to position Singapore as Russia's launchpad into Asia
5th annual Russia-Singapore Business Forum 2010 expands focus to include the broader CIS and Asia regions.
August manufacturing PMI down to 49.4
The manufacturing PMI contracted for the first time since April 2009 due to declining new orders, new export orders, output and employment.
China Manufacturing PMI rebounded to 51.7 in August
Morgan Stanley believes the modest rally (from 51.2 in July) can be explained partly by seasonality.
China: Retail sales going up
DBS Group Research said China’s retail sales growth is higher than it’s been in a decade.
Demand in the US accelerates
DBS Group Research said demand in the US is accelerating, even without including inventories or government spending in the picture.
USD-SGD expected at 1.3450-1.3520 range
The better-than-expected PMIs boosted global risk appetite, according to OCBC.
Singapore is world's fourth largest forex centre
Singapore-based financial institutions poised to capitalise growth as average daily foreign exchange turnover volume reached US$266bln.
Singapore: Further tightening could push rates lower
Macquarie Research believes MAS is unlikely to tighten monetary policy again in October.
Minister for Finance reappoints Peter Ong Chairman IRAS
Minister also appointed three new members, reinstated four, and named three retirees.
Singapore: Difficult to derail 2010 growth momentum
Macquarie Research says with increases in pharmaceutical output capacity and the strong momentum in the service sector that could cushion the fall...
USD-SGD rises to 1.3638
The USD-SGD is currently around the 1.3600 mark as global risk appetite remains curbed by US data and Ireland’s downgrade, according to OCBC.
Singapore: Reliance on FDI from Europe raises concern
According to Macquarie Research, growth outlook appears vulnerable in terms of investment, with nearly half of Singapore’s cumulative net inflows of...
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