Straits Times Index
Singapore names Deputy Key Minister Lawrence Wong as chairman of the central bank
Lawrence Wong, Singapore’s finance minister and deputy prime minister in Sept, 2021. Bloomberg | Bloomberg | Getty Images The Financial Authority of Singapore (MAS) named Deputy Key Minister Lawrence Wong as chairman of its board of administrators effective July 8. Wong, who is the country’s finance minister, will swap Tharman Shanmugaratnam, who held the part […]
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Singapore’s banking authority states DBS outage was ‘unacceptable’
Important Factors The Financial Authority of Singapore claimed the outage was “unacceptable” and the loan company experienced “fallen short of expectations.” The central bank claimed it will obtain the “essential points” just before taking suited action. DBS’ digital services had been disrupted from about 8:30 a.m. Wednesday early morning to 5:45 p.m. End users have […]
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As world wide shares slide, Asia-Pacific’s benchmark index erases all of its gains for 2023
Allan Baxter | Photolibrary | Getty Illustrations or photos Asia-Pacific’s main index erased its yr-to-day gains and is now flat in 2023 as financial institution shares led declines Tuesday. The MSCI Asia Pacific index hit a reduced of 155.44 in afternoon trade – marking a drop of much more than a 9% from its Feb. […]
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Singapore posts worst non-oil domestic exports in a ten years
“Singapore’s external sector experienced a different very rough thirty day period in January, and we doubt this marks the bottom,” an economist stated. Image Alliance | Photo Alliance | Getty Photographs Singapore’s non-oil domestic exports plunged 25% yr on year in January — their largest drop in 10 several years. Federal government facts showed Singapore’s […]
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Only two Asia-Pacific markets are in positive territory so far this year
As of the Wednesday’s market close, Singapore’s Straits Times index was the top performer across Asia-Pacific markets, having risen 3.25% year-to-date. Singapore’s skyline is pictured here with Marina Bay in the background. Suhaimi Abdullah | Nurphoto | Getty Images There are only two major indexes across Asia-Pacific that are in positive territory so far in […]
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Hong Kong’s Hang Seng index drops more than 3% following Wall Street tumble
SINGAPORE — Shares in Asia-Pacific largely declined in Friday morning trade after an overnight drop on Wall Street sent the Dow Jones Industrial Average to its worst day since 2020. Hong Kong’s Hang Seng index led losses regionally as it fell 3.27%. In mainland China, the Shanghai Composite slipped 1.56% while the Shenzhen Component shed […]
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Here are 3 hottest markets in Southeast Asia for 2022, according to Wall Street
Indonesia’s stocks are among the top picks of JPMorgan Asset Management and Goldman Sachs for 2022. In this photo from April 2019, the statue of a bull is standing at the lobby of the Indonesia Stock Exchange (IDX) in Jakarta, Indonesia. Dimas Ardian | Bloomberg via Getty Images Geopolitical tensions around the world have been […]
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Barclays expects ‘big jump’ in Singapore growth after Covid measures are lifted
SINGAPORE — Singapore is set to reopen its international borders and ease Covid restrictions next week, and that’s going to be its “biggest economic driver for growth,” according to Brian Tan, senior regional economist at Barclays. “By our estimates, if we get mobility at places like recreational areas and workplaces going up by just 10%, […]
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