forexblog.oanda.com Archives - 24 April 2014, Thursday

  • USD/SGD – Singapore GDP shrinks 0.6%, MAS silent |

    forexblog.oanda.com 12 Apr '13, 2am

    Fundamentally, people will be wondering why MAS choose to remain on the sidelines while Singapore’s economy looks to be at its weakest since 2007. 1 reasons is that MAS remain upbeat and bullish about 2013 prospects, which itself said was “modest”. 2nd reason, is that a weakening of t...

  • USD / SGD – Record Fixed Asset Investments in Singapore

    forexblog.oanda.com 28 Jan '13, 9am

    USD/SGD rallied significantly during today’s Asian trade, in line with the weakened Singapore outlook. It is important to note however that price was already rallying before EDB’s announcement. Looking at the chart, it also seems that the rally has already started last week, with toda...

  • Grows 1.1 percent Beating Estimates

    forexblog.oanda.com 02 Jan '13, 3pm

    Singapore’s economy has averted a technical recession, as it reported better-than-expected growth data for the fourth quarter. The economy expanded 1.1% in the October to December period, from a year earlier, advance estimates showed. On a quarter-on-quarter basis, the economy grew 1....

  • Q4 Economy gained 1.8% Q/Q, allay recession fears |

    forexblog.oanda.com 02 Jan '13, 1am

    Q4 economy grew 1.8% versus Q3 figures, amidst analysts calls for yet another contraction which will push Singapore into a “technical recession”. Overall, 2012 gained an estimated of 1.2% against 2011. Despite this turnaround, Singapore may not be fully out of the slump. Manufacturing...

  • face Aging Population, Property Bubble Risks – PM Lee |

    forexblog.oanda.com 28 Nov '12, 2am

    Prime Minister Lee Hsien Loong said encouraging citizens to have more children is the biggest challenge confronting the island nation if it wishes to remain an economic juggernaut in the developed world. The government hasn’t succeeded in impressing on citizens that “this is going to ...

  • Home Sales to fall after Curbs |

    forexblog.oanda.com 15 Nov '12, 2am

    Singapore home sales may fall as much as 27 percent in 2013 after climbing to a record this year as six rounds of housing curbs by the government crimps demand, according to Jones Lang LaSalle. Private home sales next year may drop to 16,000 units from 22,000 units this year, said Dav...

  • to build more private housing

    forexblog.oanda.com 05 Nov '12, 9am

    MORE than 100,000 units of new private properties are in the pipeline, says the Urban Redevelopment Authority (URA). The upcoming private home supply comprises 83,975 private residential units, 9,824 executive condominiums and 10,070 units from land sites that the Government has sold,...

  • Singapore Bank Bonds sold at lowest ever coupon yield. | OANDA Forex Blog

    forexblog.oanda.com 02 Nov '12, 8am

    Oct: United Overseas Bank (UOB) sold US$500 million subordinated 10-year Tier 2 notes with a coupon of 2.875 per cent, the lowest ever coupon achieved by a bank globally for such debt. DBS Group Holdings and OCBC Bank have also issued similar bonds this year, with very tight spreads, ...

  • Singapore Consumer Confidence hit 12 month high | OANDA Forex Blog

    forexblog.oanda.com 31 Oct '12, 4am

    According to the latest Consumer Confidence Index by global information and analytics firm Nielsen, consumer confidence here rebounded in the third quarter of the year to reach its highest level in more than 12 months. The index rose four points to 98, up from 94 in the second quarter...

  • Singapore and Hong Kong to Benefit from German-Swiss Tax Treaty | OANDA Forex Blog

    forexblog.oanda.com 16 Oct '12, 2am

    Amid German concerns that its wealthy citizens are moving funds from Switzerland before a new German-Swiss tax treaty takes effect next year, Singapore and Germany said on Sunday they had agreed to bolster their double-taxation agreement with internationally agreed standards on inform...

  • Singapore Dollars could face easing measures on 12th Oct | OANDA Forex Blog

    forexblog.oanda.com 10 Oct '12, 2am

    The Monetary Authority of Singapore will probably slow the pace of appreciation in the local dollar as moderating price pressures provide scope for measures to support economic growth, according to a survey of analysts. Officials will curb gains in Singapore’s currency when they meet ...

  • Home Prices hitting Record Highs in Q3 – Singapore | OANDA Forex Blog

    forexblog.oanda.com 01 Oct '12, 3am

    Singapore home prices climbed to a record in the third quarter after developers sold more homes, a government report showed. The island state’s private residential property price index rose 0.5 percent to 208 points in the three months ended Sept. 30, according to preliminary estimate...