Economy
RMB not significantly overvalued: IMF
RMB not significantly overvalued: IMF
It’s official, Obama can back off as the IMF says China is not significantly manipulating its currency.
Inflation shocker: Prices in Singapore may have surged 5.2% in June
Standard Chartered says transport costs may resume their double-digit rise despite lower fuel prices.
MAS loses almost S$11b
They blamed it on a strong exchange rate.
Higher inflation pegged at 4-5%
MAS revised its forecast from 3-4% due to rising accommodation costs and private transport costs.
Uncertainties have clearly increased: MAS
GDP growth forecast range remains at 5 – 7% for now though, says Managing Director Ravi Menon.
Tightening bites: China’s Flash Manufacturing PMI drops to 48.9 in July
This is the first time flash PMI fell below 50 in a year.
Credit profile strength recovers with just 7% of ratings on negative outlook: Fitch
But the outlook for ratings is more negative in some important areas, notably euro zone peripheral countries.
Rupert Murdoch: Ministers’ high pay in Singapore avoids corruption
"It is the cleanest society you'd find anywhere," said the media mogul.
Asia Pac oil and gas companies to overcome liquidity pressures
Standard & Poor’s says crude prices are likely to remain volatile in the next 9 to 12 months.
Gold rush: Is the yellow stuff really a ‘safe haven’ or ‘fools gold’ against a falling USD?
Gold prices are encouraged, surging by more than $20 to $1,585.50/oz.
Singapore dollar hits S$1.2140 to the US$
This is an all-time high before the Singapore dollar traded at S$1.2151.
India’s industrial production slows to lowest growth in 9 months
A weak 5.6% growth rate is just the beginning of a slowdown according to RBS
Asia’s credit growth not yet a cause for concern: Morgan Stanley
Credit in China, India, Korea and Australia is starting to stabilise relative to GDP.
China’s local government debt amounts to a whopping $1.5-2.1trn
$300-450bn worth of local government investment vehicle loans are already in trouble.
Currency forecast to rise 2.4%
Bigger driver would be more of the trend in the Chinese currency and the outlook of the euro, says a currency strategist.
Total trade up by 5% in June
Compared to the same period in 2010, total exports grew by 6.2 percent in June 2011.
Singapore apparently vulnerable to global economy fluctuations
A tell-tale is the GDP contraction in the second quarter amidst global economic weakness.
Read Here
Advertise
Sign Up
![Video [Event News]](https://cmg-qa.s3.ap-southeast-1.amazonaws.com/s3fs-public/styles/event_news_featured_article/public/2025-05/screenshot-2025-05-08-at-4.58.53-pm_0.png.webp?itok=Kud35sMs)
![Event News SBR 9 Lorem Ipsum [8 may]](https://cmg-qa.s3.ap-southeast-1.amazonaws.com/s3fs-public/styles/event_news_thumbnail/public/2025-05/a_hand_pointing_to_a_futuristic_technology_5b87c9d0e3_8.png.webp?itok=DTh_dbYp)
![Event News SBR 9 Lorem Ipsum [8 May]](https://cmg-qa.s3.ap-southeast-1.amazonaws.com/s3fs-public/styles/event_news_thumbnail/public/2025-05/a_hand_pointing_to_a_futuristic_technology_5b87c9d0e3_7.png.webp?itok=vzDAzb6V)
![Event News SBR 8 Lorem Ipsum [8 May]](https://cmg-qa.s3.ap-southeast-1.amazonaws.com/s3fs-public/styles/event_news_thumbnail/public/2025-05/a_hand_pointing_to_a_futuristic_technology_5b87c9d0e3_6.png.webp?itok=jvHFc4P6)
![Video [Event News]](https://cmg-qa.s3.ap-southeast-1.amazonaws.com/s3fs-public/styles/video_thumbnail/public/2025-05/screenshot-2025-05-08-at-4.58.53-pm_0.png.webp?itok=yZnI0YBb)
![Video 1 SBR [8 May]](https://cmg-qa.s3.ap-southeast-1.amazonaws.com/s3fs-public/styles/video_thumbnail/public/2025-05/screenshot-2025-05-08-at-4.58.53-pm.png.webp?itok=9AAeRz_k)
