S-E Asian currencies hammered in wobbly quarter, woes persist
Ringgit is the worst performer among peers, Sing$ sinks to new six-year low
Add BT as a preferred source
Anita Gabriel
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
AS battered regional currencies bid adieu to one rough quarter, another rocky one awaits with fear factors such as China's slowdown and a commodity slump showing no signs of going away.
And if one agrees with economists' view that the softening global growth is less tied to cycles and more to do with structural forces (read: debt or credit which powered much of Asia's growth), it appears that the gloomy picture amid a looming US rate hike could outlast the coming quarter.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
