UOB Global Economics and Markets Research and RHB kept their 2024 growth forecasts for Singapore unchanged as interest rates will likely stay elevated for longer than anticipated.
UOB said tight external financial conditions and high interest rates do not bode well for export-oriented Singapore, particularly in its manufacturing, wholesale trade, transportation and storage sectors. Singapore’s expansion will also depend on the recovery of China, and any downturn or other risks in the mainland could hurt Singapore’s externally-oriented industries.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
RHB Singapore receives accolade at SBR International Business Awards 2024 for its ESG programmepstrongThe initiative has inspired its staff to actively embody sustainability principles./strong/p pRHB Singapore bagged the win in the Banking category at the recent SBR International Business Awards 2024 for its groundbreaking initiative, “Caring for our Coasts.
Source: SBRMagazine - 🏆 13. / 51 Read more »
Daily Markets Briefing: STI up 0.29%; Top stock UOBpstrongUOB is the top stock despite a 1.059% decrease./strong/p pThe Straits Times Index (STI) closed at 3,313.35 up 0.29% on Tuesday, 14 May, at 5:21 p.m./p pUOB is the most active stock, followed by DBS (0.254%) and OCBC (0.84%)./p pSingtel and ST Engineering were at the foot.
Source: SBRMagazine - 🏆 13. / 51 Read more »