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HKD/SGD News
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.
Singapore's Economy on Track as Inflation Steadies, Trade Improves -- Update
SINGAPORE--Singapore's economy looks on track for a strong year, with hopes underpinned by better-than-expected growth, steadying inflation and improving trade.
Singapore Core Inflation Rate Holds Steady at 3.1% in April
Singapore's core inflation rate was unchanged in April from the prior month, giving the central bank room to wait and watch amid risks to economic growth from geopolitical tensions and diverging global monetary policy paths.
Singapore Inflation Data to Be Watched for Signs of Sticky Pressure -- Market Talk
Singapore inflation data for April is in focus, as markets look to see if inflation is tracking toward the central bank's comfort zone.
Singapore's Economy Grew at Faster Pace in First Quarter
Singapore's economy grew at a faster pace in the first quarter of 2024, as growth in sectors such as construction, wholesale trade, and retail trade overcame contraction in the manufacturing sector.
Singapore's Consumer Price Growth Likely Steady in April, WSJ Poll Shows -- Market Talk
Singapore's consumer prices likely rose 2.7% on year in April, according to the median estimate of nine economists surveyed by The Wall Street Journal.
The HKD interest rate rose above 4% across the board for three consecutive trading days
On May 21, the HKD interest rate rose across the board for three consecutive trading days. Among them, the overnight interest rate rose above 4% to 4.06226%, reaching a new high of more than two weeks.
Hong Kong's GDP Growth Slows to 2.7% in Q1, Revised Figures Say
GDP during the preceding quarter rose by 4.3%, while the seasonally-adjusted GDP rose by 2.3%, the report said.
Hong Kong's GDP grew 2.7% year on year in the first quarter and remained unchanged at 2.5% to 3.5% for the whole year
On May 17, the Hong Kong Government published the “Economic Report for the First Quarter of 2024” and revised GDP figures for the first quarter of 2024.
Singapore Foreign Exchange Reserves Up in April
Singapore's foreign exchange reserves grew to SG$500.31 billion in April from a revised SG$497.58 billion in March, the largest recorded since April 2022, preliminary data from the Monetary Authority of Singapore on Tuesday showed.
Singapore Private-Sector Expansion Sustained in April: PMI Report
New business and output growth helped the city-state of Singapore's private sector expand in April for the 14th straight month, S&P Global reported Monday.
SGD Tipped to Strengthen Slightly Near Term -- Market Talk
Technical indicators signal a bullish outlook for the SGD in the near term, say analysts at BMI, a unit of Fitch Solutions.
Singapore PMI Signals More Improvement in Private Sector
0307 GMT - Singapore's private sector continued growing at the start of 2Q, but at a slower pace, S&P Global data show. S&P Global's headline Singapore PMI, a composite indicator of performance in the
Retail Sales Rise 2.7% YoY in March
Retail sales rose by 2.7 YoY but slipped by 1.0% MoM in March, translating to a sales value of $4.2b.
Singapore's Private Sector Sustains Growth in April on Increased New Business
Business activity in Singapore's private sector sustained its growth in April as the rise in new business and output remained "solid," S&P Global reported Monday.
Singapore's Unemployment Rate Edges Up to 2.1% in Q1
Singapore's unemployment rate was 2.1% in the first quarter but remained within the range observed during non recessionary periods, preliminary data from the Ministry of Manpower on Tuesday showed.
Singapore Export/Import Prices Soft in March
Singapore's export and import price indices remained soft in March, with declines posted in chemicals and vegetable-oil bills.