OCBC executes sustainability-linked currency swap with Cromwell European REIT
OCBC executed a sustainability-linked cross-currency swap with Cromwell European REIT, providing better rates if green targets are met.
Singapore dollar
UPDATE: Cromwell European REIT prices S$100M fixed-rate perpetual securities
Cromwell European REIT has priced S$100M fixed-rate perpetual securities at 5.0 percent, the REIT said in a filing to SGX Wednesday.
UPDATE: Monetary Authority of Singapore eases policy less than some analysts expected
The MAS reduced the Singapore dollar’s rate of appreciation slightly Monday, taking a more prudent approach to easing policy than some analysts expected.
Singapore’s economy ekes out growth in 3Q19, advance data show
Singapore’s 3Q19 economic growth kept its nose in positive territory, eking out 0.1 percent on-year growth, advance data from MTI showed Monday.
OCBC: Singapore government likely to offer targeted fiscal help amid economic slowdown
Singapore is likely to meet slowing economic growth with targeted fiscal help, Selina Ling, head of treasury research and strategy at OCBC, said Tuesday.
Singapore 2Q19 NODX drops 14.6 percent as electronics exports tumble
Singapore’s NODX dropped 14.6% on-year in 2Q19, hurt by lower shipments of both electronics and non-electronic products, Enterprise Singapore said Tuesday.
Singapore cuts 2019 economic growth forecasts as US trade war escalates
Singapore’s GDP growth forecast has been cut to 0.0 percent to 1.0 percent for 2019, amid the escalation of the U.S.-China trade war, the MTI said Tuesday.
Maybank KE: Rising risk of recession after trade war hits Singapore 2Q GDP
Maybank Kim Eng cut its outlook for Singapore economic growth Friday after second-quarter data came in worse than expected, with a rising recession risk.
Singapore economic growth slowed sharply in second quarter, flash estimates show
Singapore’s economy barely grew in the second quarter, with GDP edging up 0.1 percent on-year, according to MTI’s preliminary estimates Friday.
Singapore April NODX drops 10 percent in broad-based decline
Singapore’s April NODX dropped 10.1% on-year on a high base a year earlier, with declines in both electronic and non-electronic exports, data showed Friday.
Singapore central bank keeps policy unchanged amid a lower inflation forecast
The Monetary Authority of Singapore, kept policy unchanged Friday and lowered its inflation forecast, pointing to slowing economic growth in the city-state.
Singapore preliminary 1Q19 economic growth slows to 1.3 percent amid holiday period
Singapore’s 1Q19 GDP growth slowed to 1.3% on-year, from 1.9% in 4Q18, off a high base of 4.7% growth in 1Q18, according to preliminary data Friday.