Household debt: Singapore’s ‘Achilles heel’?
Is household debt Singapore's 'Achilles Heel'? (13 Sep) - Singapore stepped up efforts to contain a rapid increase in household debt by tightening rules around unsecured credit late Wednesday – a move viewed by economists as a preemptive strike ahead of a rise in borrowing costs in the country. "The central...
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...
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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