International Monetary Fund (IMF)

Briefs

SINGAPORE (July 22): “Carrying around their cup was a status symbol. They were the first store in New York to offer extra virgin olive oil. Now Amazon has extra virgin olive oil. Everyone has extra virgin olive oil.”Restaurant critic Joshua David Stein, on reports that premium grocer Dean and DeLuca’s is struggling to survive after 42 years in the business.

Trump threatens to impose more tariffs on China

Categories: 

Is China the world’s loan shark?

SINGAPORE (July 22): China is not just the world’s largest exporter of goods; it is now the world’s largest exporter of capital, too. Of course, these two facts are linked. China earns so much from being the world’s factory, and the spending of its households is so constrained, that it needs to find somewhere to park the difference. That is the basic imbalance underlying the Belt and Road Initiative (BRI), China’s big push into the developing world.

Categories: 

IMF sees Singapore economy slowing to 2%; says financial sector oversight 'best globally'

SINGAPORE (July 16): The International Monetary Fund (IMF) has cut Singapore's 2019 growth forecast to 2% from 2.3% as global trade tensions hit exports from the city-state.

Singapore's economy grew just 0.1% in the second quarter, its slowest annual pace in a decade, raising bets of a recession and monetary policy easing.

"Given global trade tensions, support from external sectors is expected to fall and growth drivers are projected to shift back to domestic demand," the Washington-based lender said on Tuesday.

Tharman named possible IMF chief as Lagarde moves to ECB

SINGAPORE (July 8): Senior Minister and chairman of the Monetary Authority of Singapore Tharman Shanmugaratnam has been included in the “early shortlist” of candidates to be the next managing director of the International Monetary Fund.

The top job at the global financial institution opened up after incumbent Christine Lagarde’s nomination to become the next president of the European Central Bank, taking over from Mario Draghi.

Categories: 

Lagarde an inspired and unusual choice to lead ECB

SINGAPORE (July 8): Christine Lagarde, nominated on July 2 to lead the European Central Bank (ECB), will need all her proven attributes, and help from others, to succeed as the new leader of one of the world’s three most systemically important central banks. An inspired choice, she is uniquely well placed to build on her accomplishments as the managing director of the International Monetary Fund (IMF).

In tapping Lagarde for Europe’s most visible economic post, Europe’s political leaders established several precedents:

Categories: 

Towards people-centred growth

SINGAPORE (July 1): Growth is decelerating in Europe, the US, China, Japan and other leading economies, as the International Monetary Fund and World Bank recently highlighted by revising their global forecasts for this year substantially downward. At the same time, political and business leaders know they need to do more to prepare workforces for the labour market in an age of rising automation, stagnant wages and greater part-time, temporary and contingent employment.

Towards people-centred growth

SINGAPORE (July 1): Growth is decelerating in Europe, the US, China, Japan and other leading economies, as the International Monetary Fund and World Bank recently highlighted by revising their global forecasts for this year substantially downward. At the same time, political and business leaders know they need to do more to prepare workforces for the labour market in an age of rising automation, stagnant wages and greater part-time, temporary and contingent employment.

Categories: 

Beyond philanthropy, mainstream investments needed to sustain Asia's growth

SINGAPORE (June 24): Amid escalating geopolitical tensions and uncertainty over global growth, there is one region presenting hope and opportunity: Asia. The International Monetary Fund expects it to grow 5.6% this year, accounting for two-thirds of global economic growth.

Beyond philanthropy, mainstream investments needed to sustain Asia's growth

SINGAPORE (June 24): Amid escalating geopolitical tensions and uncertainty over global growth, there is one region presenting hope and opportunity: Asia. The International Monetary Fund expects it to grow 5.6% this year, accounting for two-thirds of global economic growth.

Categories: 

Briefs

SINGAPORE (June 10): “A lot doesn’t depend on the retail shareholder; it depends on us to be able to ensure that what we put in front of us is in line with the objectives of the retail shareholder.”Temasek International CEO Dilhan Pillay Sandrasegara, downplaying the need for the state investment agency to introduce retail shareholder advocates.

US arms Taiwan

Categories: 

Be informed of the stories that matter

Subscribe

Be informed of the stories that matter