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RadX

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RadX

RadX

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Then how can this happen????

SINGAPORE: Singapore is expected to be one of the worst-impacted economies in Asia, should the eurozone enter into a full-blown crisis.

 

 

This is according to a Credit Suisse report released on Thursday.

 

 

Singapore's exports to the eurozone directly account for more than 12 per cent of its GDP, and private sector holdings of eurozone debt and equities are the highest in the world outside of Hong Kong.

 

 

In addition, eurozone banks also make up a bigger proportion of domestic bank lending in Singapore than other Asian economies.

 

 

The uncertainty in Europe has sent jitters across the Singapore stock market, with the Straits Times Index (STI) continuing to extend losses. The key benchmark index ended 0.5% or 13.07 points lower at 2,773.81 on Thursday as it struggles to find solace in the European debt crisis.

 

 

But for investors with a mid-to-longer term horizon, some analysts said the time could be ripe for selective bargain hunting for defensive stocks, such as REITS and selected blue chips like CapitaLand, which have seen prices beaten down by the current volatility.

 

 

Head of premium client management at IG Markets, Jason Hughes, said: "The valuations you're seeing at the moment, in terms of historic levels, are quite attractive for longer-term investors to try and pick up stocks in this time.

 

 

"We're seeing a lot of people focused on high-yielding stocks. So for someone who is focused on holding for two, three or even longer years, then now is the time to start picking up these shares at this price."

 

 

Meanwhile, others prefer to stay away, in the lead up to big market-swinging announcements. These include the June 17 Greek elections, European and US consumer prices results and US jobless claims.

 

 

Co-head of research at DMG & Partners Research, Leng Seng Choon, said: "We are still going to see a fair bit of volatility in the equity market with a downward bias. Waiting for clearer signs that the debt problem in Europe is going to see some firm action, which will lead to a longer-term solution, would be a better time (to invest)."

 

 

The outcomes of the G20 summit and EU Summit later this month are also expected to impact Asian stock markets.

 

 

- CNA/wm

 

 

 

 

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Watwheels

Watwheels

Supersonic

Chun boh? MAS says the opposite leh.

 

http://business.asiaone.com/Business/News/...614-352583.html

 

So who to believe sia?

 

 

"Singapore's economy may grow more than previously estimated this year, spurring inflationary pressures, a Monetary Authority of Singapore (MAS) survey of economists showed.

 

Gross domestic product may increase 3 per cent this year, compared with last quarter's survey for a 2.5 per cent gain, according to the median estimate of 21 economists and analysts, in a survey by MAS released yesterday.

 

Consumer prices may rise 4.2 per cent this year, they predicted, higher than the 3.5 per cent rate forecast in March.

 

Singapore said in April it will allow faster gains in its currency to dampen price pressures, diverging from most other Asian central banks that had left borrowing costs unchanged or eased monetary policy.

 

The economy grew faster than initially estimated last quarter, and the Government said last month that momentum had picked up, even as downside risks persist.

 

"We continue to expect decent overall growth in Singapore" once the United States and China regain some momentum in the second half, said Mr Vincent Conti, a Singapore-based analyst at ANZ, in a report on Tuesday.

 

GDP may increase 2.8 per cent this quarter from a year earlier, compared with 1.6 per cent growth in the three months ended March, economists in the MAS survey predicted.

 

The Government forecasts GDP growth of 1 per cent to 3 per cent this year. The economy may expand 4.5 per cent next year, the economists said.

 

 

 

The MAS, which uses the exchange rate to manage inflation, said in April it will increase "slightly" the slope of the currency trading band, and raised its forecast for consumer-price gains to 3.5 per cent to 4.5 per cent this year.

 

It guides the local dollar against a basket of currencies within an undisclosed band and adjusts the pace of appreciation or depreciation by changing the slope, width and centre of the band.

 

The Singapore dollar may strengthen to S$1.243 against the US dollar by the end of this year, the economists surveyed said, from S$1.2824 as of 11.25am local time yesterday. In March, they predicted an exchange rate of S$1.23 by year-end.

 

The Singapore dollar has gained about 1 per cent this year, the second-best performer in a basket of 11 Asian currencies tracked by Bloomberg.

 

Non-oil domestic exports may climb 5.6 per cent this year, more than the 4.2 per cent estimate in the previous survey, the report showed. Singapore's export growth quickened last month as shipments of electronics and pharmaceuticals increased.

 

The jobless rate may climb to 2.2 per cent by the end of the year, from 2.1 per cent last quarter, the survey showed.

 

"Labour-market tightness remains a structural issue, as the authorities continue to put restrictions on foreign labour in the midst of close-to-full domestic employment," Mr Conti said.

 

"This is part of the Government's shift to a productivity driven rather than labour-driven growth model, but adds to inflation risks in the short run."

 

The Singapore dollar may strengthen to S$1.243 against the US dollar by the end of this year"

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Hephaestus

Hephaestus

Clutched

Chun boh? MAS says the opposite leh.

 

http://business.asiaone.com/Business/News/...614-352583.html

 

So who to believe sia?

 

 

"Singapore's economy may grow more than previously estimated this year, spurring inflationary pressures, a Monetary Authority of Singapore (MAS) survey of economists showed.

 

Gross domestic product may increase 3 per cent this year, compared with last quarter's survey for a 2.5 per cent gain, according to the median estimate of 21 economists and analysts, in a survey by MAS released yesterday.

 

Consumer prices may rise 4.2 per cent this year, they predicted, higher than the 3.5 per cent rate forecast in March.

 

Singapore said in April it will allow faster gains in its currency to dampen price pressures, diverging from most other Asian central banks that had left borrowing costs unchanged or eased monetary policy.

 

The economy grew faster than initially estimated last quarter, and the Government said last month that momentum had picked up, even as downside risks persist.

 

"We continue to expect decent overall growth in Singapore" once the United States and China regain some momentum in the second half, said Mr Vincent Conti, a Singapore-based analyst at ANZ, in a report on Tuesday.

 

GDP may increase 2.8 per cent this quarter from a year earlier, compared with 1.6 per cent growth in the three months ended March, economists in the MAS survey predicted.

 

The Government forecasts GDP growth of 1 per cent to 3 per cent this year. The economy may expand 4.5 per cent next year, the economists said.

 

 

 

The MAS, which uses the exchange rate to manage inflation, said in April it will increase "slightly" the slope of the currency trading band, and raised its forecast for consumer-price gains to 3.5 per cent to 4.5 per cent this year.

 

It guides the local dollar against a basket of currencies within an undisclosed band and adjusts the pace of appreciation or depreciation by changing the slope, width and centre of the band.

 

The Singapore dollar may strengthen to S$1.243 against the US dollar by the end of this year, the economists surveyed said, from S$1.2824 as of 11.25am local time yesterday. In March, they predicted an exchange rate of S$1.23 by year-end.

 

The Singapore dollar has gained about 1 per cent this year, the second-best performer in a basket of 11 Asian currencies tracked by Bloomberg.

 

Non-oil domestic exports may climb 5.6 per cent this year, more than the 4.2 per cent estimate in the previous survey, the report showed. Singapore's export growth quickened last month as shipments of electronics and pharmaceuticals increased.

 

The jobless rate may climb to 2.2 per cent by the end of the year, from 2.1 per cent last quarter, the survey showed.

 

"Labour-market tightness remains a structural issue, as the authorities continue to put restrictions on foreign labour in the midst of close-to-full domestic employment," Mr Conti said.

 

"This is part of the Government's shift to a productivity driven rather than labour-driven growth model, but adds to inflation risks in the short run."

 

The Singapore dollar may strengthen to S$1.243 against the US dollar by the end of this year"

 

believe STI?

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Unidentified

Unidentified

1st Gear

dont worry,millionaires ministars can do the job.

but they tell sinkie to give constructive ideas and not throw stones.

strange then why are they paid few millions?

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Watwheels

Watwheels

Supersonic
(edited)

dont worry,millionaires ministars can do the job.

but they tell sinkie to give constructive ideas and not throw stones.

strange then why are they paid few millions?

Give constructive ideas? Thru what channel? Ha! I doubt they will take notice. They will most likely check your credentials and ask, "who the heck are you?"

 

Use critism better coz they will take notice even if they can't do anything.

Edited by Watwheels
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Joseph22

Joseph22

Turbocharged

Singapore's exports to the eurozone directly account for more than 12 per cent of its GDP

 

Errr wat we export there ah? Pokka drinks?

Sarong Party Girls [laugh]

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Watwheels

Watwheels

Supersonic

Singapore's exports to the eurozone directly account for more than 12 per cent of its GDP

 

Errr wat we export there ah? Pokka drinks?

We are one of the largest exporters of used cars. :D

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Kyrios

Kyrios

Turbocharged

I am waiting for the day to come...FTs still got good paying jobs while citizens do odd jobs like wipe tables..bring it on recession!!! [whip]

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Tigerwoods

Tigerwoods

Turbocharged

I am waiting for the day to come...FTs still got good paying jobs while citizens do odd jobs like wipe tables..bring it on recession!!! [whip]

What are you taking about? That day is already here.

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Hephaestus

Hephaestus

Clutched

I am waiting for the day to come...FTs still got good paying jobs while citizens do odd jobs like wipe tables..bring it on recession!!! [whip]

 

they buy over the from delinquent mortgagees and rent out to singaporeans?

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Celicar

Celicar

Turbocharged

You all looking at the wrong thing, that's why feel poor. They already say already, look at your CPF. You will feel very rich.

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