Banks in Singapore will soon be required to keep certain amounts of easy-to-sell assets on hand in the country to support themselves in times of stress.
The most reliable emerging-market currency bet of the past nine years is making a comeback on signs China is finished engineering the sharpest-ever decline in the yuan.
Singapore’s dollar has emerged as Asia’s most-vulnerable currency to prospects of higher U.S. interest rates, driving a gauge measuring the relationship to a record high.
Chinese developers, faced with surging local borrowing costs and a cooling property market, are tapping Singapore’s more than 100,000 millionaires with record bond sales.
Singapore-dollar bond sales rose to a half-year record as private-wealth clients in the city-state, which has the world’s highest density of millionaires, sought refuge in the local currency.
Singapore’s economy will experience “modest” expansion this year as a tight labor market constrains some industries amid improving global demand, the government said after growth exceeded initial estimates last quarter.
Singapore’s dollar is poised to gain 1 percent against the Thai baht to its highest level in almost three months, based on technical analysis cited by Mizuho Corporate Bank Ltd.
Axel Merk Buying Singapore Dollar