Singapore may suffer from its neighbours’ currency perils
(11 Sep) - Singapore, a hot spot for tourism in Southeast Asia, may begin to feel the heat of the currency turmoil afflicting neighboring economies as the cost for regional visitors to vacation in the island nation skyrockets. The Indonesian rupiah, Malaysian ringgit and Indian rupee have tumbled between 4 and 14 percent against...
Mass immigration has made Britain a less competitive economy
1,300 migrants a day pour into UK. (11 Sep) - When Mark Carney went to Nottingham last week to make his first speech as Governor of the Bank of England, media attention focused, naturally enough, on his reference to Jake Bugg, who we are told is a pop singer of some sort. Amazingly, Mr Carney had been to one of his gigs. Yet...
Singapore’s volatile data stump professionals
(4 Sep) - Last month, Singapore’s government announced the economy grew 3.8% on-year in the second quarter. But as late as June, economists polled by the city-state’s central bank were predicting growth of just 1.5%. Economists got it wrong on exports too: They predicted a nearly flat print in the second quarter, when exports...
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