In Focus
End of moratoriums to rain carnage on banks' H2 prospects: analyst
Loan moratoriums are set to expire in H2, putting asset and loan quality at risk.
End of moratoriums to rain carnage on banks' H2 prospects: analyst
Loan moratoriums are set to expire in H2, putting asset and loan quality at risk.
Weaker sales haunt Singapore's retail sector in coming months
Tourist arrivals are unlikely to grow in the coming months.
DBS' H1 net profit nosedives 26% to $2.41b
The bank has cast aside $1.26b to bolster its balance sheet.
PMI remains in contraction at 45.6 in July: IHS Markit
In line with SIPMM’s results, it was the highest figure recorded in five months.
PMI expands to 50.2 in July after months of contraction: SIPMM
Sub-index performances also pointed to an improved external environment.
Singapore average mortality protection gap hit highest in Asia
Large awareness of life insurance failed to translate to more coverage.
Bank loans skid for fourth straight month in June
Total loans fell 1% YoY, the first since 2016.
5 in 10 employees hunt for job opportunities
Pay cuts and retrenchments could hint to the staff that the company is no longer stable.
Unemployment rate hits 2.9% in Q2
Retrenchments also jumped in Q2.
MAS to keep S$NEER policy on hold in H2 2020: analyst
Further easing may unlikely yield results due to weak external demand and travel restrictions.
Manufacturing output down 6.7% in June
The transport engineering and biomedical manufacturing led the decline.
Core inflation continues to sink in June
Most segments posted falling prices, albeit a moderated pace.
Singapore banks to post record low NIMs in Q2
They are expected to pencil in 16-22bps decline, with every 10bps having a 6-8% impact on net profit.
Property investment sales crashed 73.4% to $1.7b in Q2
The presence of several big-ticket commercial deals bolstered investment sales.
NODX up 16.1% in June
Analysts are now more optimistic on times ahead, but remain wary of a second COVID-19 wave.
Non-prime location vacancies to rise in H2
This comes as tenants will not be able to operate at full capacity which may lead to shutdowns.
The worst has passed for Singapore's economy: analysts
Manufacturing production and external demand are the main leads for the Lion City’s recovery.
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