Asia / Singapore

Singapore

Group Research / October 01, 2019

Photo Credit - AFP

Singapore
 20182019f2020f2021f
GDP growth, % YoY3.10.71.41.8
CPI inflation, % YoY0.40.61.11.5
 1Q202Q203Q204Q201Q21
Exchange rates, end of period1.401.391.381.371.36
Policy interest rates, end of period1.601.601.601.601.60
/aics/search.page[Akamai-Origin-Hop] = [3] [Accept] = [text/html,application/xhtml+xml,application/xml;q=0.9,*/*;q=0.8] [User-Agent] = [CCBot/2.0 (https://commoncrawl.org/faq/)] [Connection] = [close] [X-Forwarded-Host] = [www.dbs.com] [Host] = [runtime-prod-01-pwebdsgsmc.sgp.dbs.com:8343] [Accept-Encoding] = [gzip] [True-Client-IP] = [35.172.195.82] [Akamai-Origin-Request] = [1] [Via] = [1.1 v1-akamaitech.net(ghost) (AkamaiGHost), 1.1 v1-akamaitech.net(ghost) (AkamaiGHost), 1.1 akamai.net(ghost) (AkamaiGHost)] [X-Akamai-CONFIG-LOG-DETAIL] = [true] [Cache-Control] = [max-age=21600] [X-Forwarded-For] = [35.172.195.82, 23.45.180.189, 10.217.232.4, 10.89.109.73] [Accept-Language] = [en-US,en;q=0.5] [X-Forwarded-Server] = [dbsweb-p00-grp.corp.dbs.com] templatedata/article/region/data/en/AIO/012016/19012016_singapore.xmlaics/regionSingaporeSingapore Industry InsightsInsightsIndustryView AllRead Morenotaligned130Rebound in semiconductor industry on the back of emergence of new technology and demand set to uplift entire technology value chain.SingaporeTechnology/iwov-resources/aics/images/AICS/AIO/en/012020/200124_insights_thumb_singapore_technology.jpg/aics/templatedata/article/generic/data/en/GR/012020/200124_insights_singapore_technology.xmlSpotlight on Technology: Recovery intactJanuary 24, 2020CapitaLand Integrated Commercial Trust (CICT) set to be empowered with greater financial capacity to take on bigger projects to drive better shareholder returns.SingaporeReal Estate/iwov-resources/aics/images/AICS/AIO/en/012020/200123_insights_thumb_capitaland_group.jpg/aics/templatedata/article/generic/data/en/GR/012020/200123_insights_capitaland_group.xmlCapitaLand Group: A Whole New WorldJanuary 23, 2020Developers placed lower bids in recent GLS tender as property market continues to experience muted sales take-up rates.SingaporeReal Estate/iwov-resources/aics/images/AICS/AIO/en/012020/200113_insights_thumb_singapore_property.jpg/aics/templatedata/article/generic/data/en/GR/012020/200113_insights_singapore_property.xmlSingapore Property: Decent turnout but cautious biddingJanuary 13, 2020Singapore Economics InsightsInsightsEconomicsView AllRead Morenotaligned18A trough in the growth cycle is in the making, with outlook expected to improve gradually. GDP growth is expected to register 1.4% in 2020 while inflation should remain manageable at 1.1% next year.SingaporeGrowth/iwov-resources/aics/images/AICS/AIO/en/112019/191118_insights_thumb_singapore.jpg/aics/templatedata/article/generic/data/en/GR/112019/191118_insights_singapore.xmlSingapore outlook 2020: Getting out of the woodsNovember 18, 2019While the Singapore economy will avert a technical recession in 3Q19 (0.4% YoY, 2.1% QoQ saar), a robust fiscal budget and monetary easing will still be required to render support for the economy amid the challenging economic climate.SingaporeGrowth/iwov-resources/aics/images/AICS/AIO/en/092019/190923_insights_thumb_singapore.jpg/aics/templatedata/article/generic/data/en/GR/092019/190923_insights_singapore.xmlSingapore Chartbook: No technical recession but support is still warrantedSeptember 23, 2019Growth outlook in the near term appears grim but expect marginal improvement in the coming quarters.SingaporeGrowth/iwov-resources/aics/images/AICS/AIO/en/062019/190603_insights_thumb_Singapore_chartbook.jpg/aics/templatedata/article/generic/data/en/GR/062019/190603_insights_Singapore_chartbook.xmlSingapore Chartbook: Down but not outJune 03, 2019Singapore Economics DailyEconomicsView AllRead Morenotaligned32SGD liquidity is flush.SingaporeRates/iwov-resources/aics/images/AICS/AIO/en/012020/200114_economics_thumb_sg_rates.jpg/aics/templatedata/article/generic/data/en/GR/012020/200114_economics_sg_rates.xmlSGD rates: Flush liquidityJanuary 14, 2020Despite the lacklustre growth performance, the economy is slowly getting out of the woods.SingaporeGrowth/iwov-resources/aics/images/AICS/AIO/en/012020/200102_insights_thumb_singapore.jpg/aics/templatedata/article/generic/data/en/GR/012020/200102_insights_singapore.xmlA better year ahead for Singapore despite ending 2019 on a dull noteJanuary 02, 2020The Singapore economy has averted a technical recession. While economic outlook remains challenging, some signs of stabilization are emerging.SingaporeGrowth/iwov-resources/aics/images/AICS/AIO/en/102019/191014_insights_thumb_singapore.jpg/aics/templatedata/article/generic/data/en/GR/102019/191014_insights_singapore.xmlSingapore averts a technical recession despite weak growthOctober 14, 2019Singapore EquitiesInsightsEquitiesView AllRead Morenotaligned180For this and other ideas, please check out the Singapore Stock Pulse. Your go-to morning essential that inspires you with investment and trading ideas daily.SingaporeStock Pulse/iwov-resources/aics/images/AICS/wired_daily_singapore/ssp_thumb_03.jpg/aics/templatedata/article/generic/data/en/GR/012020/200124_singapore_stock_pulse.xmlTechnology value chain set to benefit from semiconductor reboundJanuary 24, 2020The Straits Times Index (STI) gained 2.2% from our 17 December updateSingaporeEquities/iwov-resources/aics/images/MODEL-PORT/201903/thumb_sg_model_portfolio.jpg/aics/templatedata/article/generic/data/en/GR/000000/000000_insights_singapore_model_portfolio.xmlSingapore Equity PicksJanuary 23, 2020For this and other ideas, please check out the Singapore Stock Pulse. Your go-to morning essential that inspires you with investment and trading ideas daily.SingaporeStock Pulse/iwov-resources/aics/images/AICS/wired_daily_singapore/ssp_thumb_02.jpg/aics/templatedata/article/generic/data/en/GR/012020/200123_singapore_stock_pulse.xmlEquity Picks: Wuhan pneumonia could dampen SIA outlookJanuary 23, 2020

Disclaimers and Important Notices

The information herein is published by DBS Bank Ltd and PT Bank DBS Indonesia (collectively, the “DBS Group”). It is based on information obtained from sources believed to be reliable, but the Group does not make any representation or warranty, express or implied, as to its accuracy, completeness, timeliness or correctness for any particular purpose. Opinions expressed are subject to change without notice. Any recommendation contained herein does not have regard to the specific investment objectives, financial situation & the particular needs of any specific addressee. The information herein is published for the information of addressees only & is not to be taken in substitution for the exercise of judgement by addressees, who should obtain separate legal or financial advice. The Group, or any of its related companies or any individuals connected with the group accepts no liability for any direct, special, indirect, consequential, incidental damages or any other loss or damages of any kind arising from any use of the information herein (including any error, omission or misstatement herein, negligent or otherwise) or further communication thereof, even if the Group or any other person has been advised of the possibility thereof. The information herein is not to be construed as an offer or a solicitation of an offer to buy or sell any securities, futures, options or other financial instruments or to provide any investment advice or services. The Group & its associates, their directors, officers and/or employees may have positions or other interests in, & may effect transactions in securities mentioned herein & may also perform or seek to perform broking, investment banking & other banking or finan­cial services for these companies. The information herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Sources for all charts & tables are CEIC & Bloomberg unless otherwise specified.

DBS Bank Ltd., 12 Marina Blvd, Marina Bay Financial Center Tower 3, Singapore 018982. Tel: 65-6878-8888. Company Registration No. 196800306E.

PT Bank DBS Indonesia, DBS Bank Tower, 33rd floor, Ciputra World 1, Jalan Prof. Dr. Satrio Kav 3-5, Jakarta, 12940, Indonesia. Tel: 62-21-2988-4000. Company Registration No. 09.03.1.64.96422.