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MAS tightens monetary policy in surprise off-cycle move; core inflation forecast at 3-4%
THE Monetary Authority of Singapore (MAS) on Thursday (Jul 14) announced it would re-centre the mid-point of the Singapore dollar nominal effective exchange rate policy band “up to its prevailing level”, with no changes to the slope and width of the band.
Singapore’s economy grows 4.8% year on year in Q2 but flat sequentially: flash estimates
THE Singapore economy grew by 4.8 per cent year on year in the second quarter of 2022, picking up from 4 per cent in the 3 months prior, according to flash data out on Thursday (Jul 14).
Residential property rentals expected to remain elevated this year after uptick in June
CONDOMINIUM and Housing Board (HDB) rental prices continued their upward trajectory in June 2022, climbing by 2.1 per cent and 2.3 per cent from the previous month, respectively.
mm2 Asia’s going concern flagged as auditor notes current liabilities
THE auditor of mm2 Asia has flagged a material uncertainty that may cast significant doubt on the entertainment company’s ability to continue as a going concern, the group reported in bourse filings on Wednesday (Jul 13) night.
Philippine liquor giant Emperador closes higher after SGX secondary listing
SHARES of Philippines-based Emperador rose on Thursday (Jul 14) during their trading debut on the Singapore Exchange (SGX) with the company’s secondary listing on the mainboard.
The STI today
STI down 1.2% on surprise monetary tightening
SINGAPORE stocks extended losses into Thursday (Jul 14) on yet another off-cycle monetary tightening move this year, with the city state having recorded slower-than-expected economic growth.
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