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SGD Strengthens Slightly Amid Risk-on Sentiment -- Market Talk
SGD strengthens slightly against the USD during the Asian session amid risk-on sentiment spurred by gains across regional equity markets after U.S. April core PCE price index released Friday was in line with market expectations.
National Bureau of Statistics: The official manufacturing PMI was 49.5% in May, and enterprise production continued to expand
The production and operation activities of enterprises have maintained the trend of resuming development
Singapore Manufacturing Still Poised for Fragile Recovery -- Market Talk
Singapore's manufacturing sector remains poised for a fragile recovery this year, despite another drop in output in April, DBS economist Chua Han Teng says.
Singapore Inflation Outlook Seems Balanced -- Market Talk
Singapore's inflation outlook seems balanced, OCBC's Selena Ling says in a note after headline and core CPI last month held steady in April.
Singapore's Inflation on Track to Cool This Year -- Market Talk
Singapore's steady core inflation in April after a bumpy 1Q backs DBS's view that inflation will continue to cool and average lower in 2024 than last year, economist Chua Han Teng says in a note.
Singapore's GDP Growth Has Room to Strengthen in 2H -- Market Talk
Singapore's economic growth looks set to strengthen in 2H, UOB's Global Economics & Markets Research team says in a note.
SpineeOP : Singapore and China will enhance capital markets cooperation, planning a cross-border e-CNY pilot.
MAS and PBCDCI are embarking on a pilot that will allow travelers from both countries to use e-CNY for tourism spending in Singapore and China.