Singapore economy

Half of local businesses expect Singapore's business climate to worsen this year: SBF survey

SINGAPORE (Jan 14): Local businesses are feeling the pinch of the sluggish economic climate laced with uncertainty. 

According to the latest annual National Business Survey released by the Singapore Business Federation (SBF), some 49% of local businesses expect Singapore’s business climate to become more challenging this year, while 44% expect the climate to remain the same. 

Conducted between August and October 2019, the survey also found that 51% of all businesses felt the Singapore business environment had worsened over the past year. 

Singapore fourth-quarter GDP growth seen picking up slightly on services boost

SINGAPORE (Dec 31): Singapore’s economy is forecast to have expanded at a slightly faster pace in the fourth quarter, with economists expecting the services sector to compensate for a prolonged manufacturing slowdown.

Gross domestic product (GDP) is expected to have expanded 0.8% from the same period a year earlier, according to the median of nine economists’ estimates. The economy grew 0.5% in July-September.

Singapore in 2020: Cyclical recovery, long-term challenges aplenty

(Dec 30): This past year has been a rough one for Singapore. The economy was largely moribund and the global environment appears to be turning increasingly difficult for a small and vulnerable country such as Singapore. The key question for the city state in 2020 is whether it can nurture the adjustments needed to bolster its economy in the years ahead.

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Winning in a bipolar world

The world economic order will undergo further change in this coming decade. How can investors stay ahead, and what should they avoid? The Edge Singapore speaks to three veteran market analysts to find out.

SINGAPORE (Dec 27): This past decade, the US stock market defied almost all cautious predictions and enjoyed its biggest and longest bull run ever. Despite the run being described as a “tired old bull” from as early as three years ago, US equities, fuelled by cheap liquidity, have chalked up 11 years of growth — and counting.

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Indonesia's time to shine; rise of right wing complicates vicious cycle of income inequality

SINGAPORE (Dec 27): Kelvin Tay, regional chief investment officer of UBS Wealth Management, is bullish that this coming decade will be one in which Indonesia will shine. “It might not seem very apparent right now, but Indonesia is primed to grow very strongly, and it will have political and economic repercussions for the entire region simply because, for the first time, they have their act together,” says Tay, in an interview with The Edge Singapore.

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Briefs

Quoteworthy

"I'm not worried. You don’t do anything wrong and you get impeached. They have cheapened the impeachment process."
— US President Donald Trump, referring to the Democrats’ impeaching him

Singapore’s investment banking, M&A activities hit record highs in 2019

Despite concerns over a slowing economy, Singapore has hit record highs in terms of investment banking activities as well as mergers and acquisitions (M&A) in 2019, according to data collated by Refinitiv.

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Singapore investment banking, M&A activities hit record-highs in 2019: Refinitiv report

SINGAPORE (Dec 19): Despite concerns about a slowing economy, 2019 has ticked all the right boxes for Singapore as the city-state hit record-highs in terms of investment banking activities, as well as mergers and acquisitions (M&A). 

According to data collated by Refinitiv, M&A activity in 2019 surged 57.5% y-o-y to US$116 billion ($157 billion), making it the strongest annual period recorded by Refinitiv.  This was led by Blackstone Group’s US$18.7 billion acquisition of GLP’s US logistics assets, which is the largest deal with Singaporean involvement on record.

Analysts expect brighter outlook even as exports fall for ninth consecutive month in November

SINGAPORE (Dec 18): Singapore’s non-oil domestic exports (NODX) contracted 5.9% year-on-year contraction in November – marking the ninth consecutive month of decline. But analysts are quick to highlight that it is not all doom and gloom for the city state’s economy. 

UOB Group analyst Barnabas Gan notes in a Tuesday report that this was the smallest decline in nine months, and had outperformed the market consensus of an expected 6.4% decline. 

Singapore NODX continues to slump in November amid decline in electronic exports

SINGAPORE (Dec 17): Singapore’s non-oil domestic exports (NODX) contracted 5.9% year-on-year in November, as a decline in electronic exports outweighed the growth in non-electronics. 

According to data released on Tuesday by trade agency Enterprise Singapore, this marks the ninth consecutive month of a decline in the city-state’s NODX, albeit slightly better than October’s 12.5% decline. 

World's biggest hedge fund returns are found in tiny Singapore

SINGAPORE (Dec 16): On most mornings, Chong Chin Eai starts his day with a jog through Singapore’s Botanic Gardens. After taking his son to school, he trades futures on his laptop at home until it’s time for lunch, after which he might have a massage or perhaps a nap.

If that sounds snoozy, Chong’s returns are anything but. His Vanda Global Fund Ltd., started with US$24 million ($32.5 million) from friends and family and named after Singapore’s national orchid, is the world’s best-performing hedge fund this year, gaining more than 300%.

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