“Headline inflation is expected to be higher over the next few months, mainly due to the recent surge” in car- permit and global food prices, the central bank said in an e- mailed statement today. “However, we expect it to moderate in the second half.”
“Headline inflation is expected to be higher over the next few months, mainly due to the recent surge” in car-permit and global food prices, the central bank said. “MAS continuously monitors price developments closely, and will announce any revision to the inflation forecast” next month, it said.
“Any other decision would encourage and embolden professional market players to flout the rules and undermine the integrity of the market,” the central bank said in documents filed at the Singapore High Court on Jan. 21, arguing that the appeal by Pheim and its Chief Executive Officer Tan Chong Koay should be dismissed.
Sri Trang, Thailand’s biggest publicly traded rubber producer, will sell as many as 280 million shares to individual and institutional investors, according to a prospectus sent to the Monetary Authority of Singapore today. The company in August delayed the sale, citing “volatility” in global equity markets.
Singapore’s central bank spent an estimated US$17 billion ($22.2 billion) buying foreign currencies in October as capital inflows rose at the fastest pace since March 2008, according to DBS Group Holdings.
The island is attracting more capital than other economies in Asia because its interest rates are probably “too high given the currency regime in place,” David Carbon, head of economic and currency research at DBS Bank in Singapore, wrote in a report yesterday. The Monetary Authority of Singapore spent about US$8.2 billion in spot-market intervention and US$8.6 billion in forward-market intervention, he said.
There is a risk that financial institutions may ease lending standards and extend more loans to make up for narrowing interest margins, the Monetary Authority of Singapore said in its Financial Stability Review today. Buyers may also take on “excessive leverage” amid expectations of a sustained period of low rates, the central bank said.
There is a risk that financial institutions may ease lending standards and extend more loans to make up for narrowing interest margins, the Monetary Authority of Singapore said in its Financial Stability Review today. Buyers may also take on “excessive leverage” amid expectations of a sustained period of low rates, the central bank said.
The Monetary Authority of Singapore (MAS) in its annual Financial Stability Review also said Singapore banks are well capitalised and should have little difficulty meeting the new Basel III requirements.
There is a risk that financial institutions may ease lending standards and extend more loans to make up for narrowing interest margins, the Monetary Authority of Singapore said in its Financial Stability Review today. Buyers may also take on “excessive leverage” amid expectations of a sustained period of low rates, the central bank said.
Sabana will sell 508 million shares at $1.05 each, at the mid-point of its pricing range of $1 to $1.10, according to a filing with the Monetary Authority of Singapore. The share sale will help the city-state’s first Shariah-compliant trust to tap rising demand for Islamic financial products. Including shares to key investors, the trust will raise $664.4 million, it said.
Consumer prices climbed 3.7% in September from a year earlier, the most since January 2009, the government reported on Oct. 25. Inflation may reach 4% in some months of 2010 and 2011, compared with an official forecast of 2.5% to 3% for the year, Ong Chong Tee, deputy managing director of the Monetary Authority of Singapore, said today.
The shipyard will sell 180 million new and 145.646 million existing shares, according to a document lodged with the Monetary Authority of Singapore today. The shares will start trading on a ‘ready’ basis on Nov. 12.
Singapore’s central bank said on Wednesday that Asia is facing higher risks from a surge of capital inflows, a tide that could reverse in a disorderly fashion if inflationary pressures were not contained.
The Monetary Authority of Singapore (MAS) issued the warning in its latest macroeconomic review, echoing concerns expressed by policy makers in several emerging Asian economies over hot money that is pushing up regional currencies and stocks.
Singapore’s central bank said Asia faces growing risks from capital inflows and called for “close monitoring” by policy makers to avoid a disorderly reversal.
The region’s “brighter” economic outlook compared with the rest of the world may result in higher inflationary pressures, the Monetary Authority of Singapore, or MAS, said in a twice-yearly review today. Singapore’s economy, which may hit a “soft patch” in the coming quarters, should keep expanding, it said.
“Inflationary pressures remain significant in Asia,” the central bank said. “Large capital inflows into the region have continued to fuel activities and prices in the asset markets, which could also pose a risk to the inflation outlook.”
The Monetary Authority of Singapore said today it will steepen and widen the currency’s trading band while continuing to seek a “modest and gradual appreciation.” Gross domestic product shrank at a 19.8% annual rate in the third quarter from the previous three months after climbing a revised 27.3% in April to June, a separate report showed.
The Monetary Authority of Singapore will steepen and widen the band in which the republic’s dollar trades against a weighted basket of currencies, keeping the midpoint unchanged, it said in a statement. The currency climbed to the strongest level versus its U.S. counterpart since 1981 after the surprise announcement that was forecast by only one of 14 economists surveyed by Bloomberg.
The Monetary Authority of Singapore said today it will steepen and widen the trading band on the local dollar while continuing to seek a “modest and gradual appreciation.” Gross domestic product shrank at a 19.8% annual rate in the third quarter from the previous three months after climbing a revised 27.3% in the April-to-June period, the trade ministry said in a separate report.
The island will steepen and widen the band on the local dollar as the pace of consumer-price gains accelerates to 4% by the end of the year from 3.3% in August, the Monetary Authority of Singapore said in a statement following a semi-annual policy review. The center of the policy band remains unchanged, the bank said.
The Monetary Authority of Singapore will continue to seek a “modest and gradual appreciation” of the local currency in its trade-weighted basket, it said in a statement issued today following a semi-annual policy review. The center of the policy band remains unchanged, the bank said
The real estate investment trust is selling shares at 93 cents each, it said in a prospectus filed today with the Monetary Authority of Singapore. The price is the top end of the 88-to-93 cents range at which the shares were offered to investors.
