Singapore Economy / GE 2025
GE2025: Key days and announcements to look out for in the lead-up to the election
Since the Electoral Boundaries Review Committee’s (EBRC) report was released on March 11, political parties have been hitting the streets and stepping up their activities in the heartland.
With Trump tariffs, economists now expect MAS easing in April meeting, with further moves ahead
With US tariffs raising recession fears, economists now expect the Monetary Authority of Singapore (MAS) to support growth by easing policy on Apr 14, and possibly in July – a view previously held by a minority. In January, MAS slightly reduced the slope of the Singapore dollar nominal effective exchange rate (S$NEER) policy band for the first time since 2020.
AmCham Singapore sets up trade task force on reciprocal tariffs, urges dialogue
The American Chamber of Commerce in Singapore (AmChamSG) is forming a task force to gather relevant feedback from its members on trade and tariffs, with a view to share the findings with stakeholders and work with the Republic’s government.
https://www.zaobao.com.sg/realtime/singapore/story20250410-6149904
Business News
CapitaLand Investment’s Ascott to add 600 units to India portfolio, eyes growth in country
Ascott, the lodging business of CapitaLand Investment (CLI) has inked three agreements to add 600 units to its India portfolio, a move that will grow its total portfolio in the country to around 6,100 units across 22 properties.
https://www.zaobao.com.sg/realtime/singapore/story20250410-6147682
Keppel considering sale of Singapore waste firm 800 Super, sources say
Keppel is considering selling its stake in 800 Super Holdings in a transaction that could value the waste management firm at as much as $600 million, people familiar with the matter said. Keppel is working with a financial adviser on a divestment plan, the people said, asking not to be identified because the process is private.
https://www.zaobao.com.sg/realtime/singapore/story20250410-6148717
SC Capital Partners in talks to buy British data centre group Global Switch: sources
Singapore-headquartered real estate investment manager SC Capital Partners has emerged as a potential bidder for British data centre group Global Switch, two people familiar with the matter told Reuters.
https://www.zaobao.com.sg/realtime/singapore/story20250411-6150989
Global Economy / Real Estate News
US consumer prices unexpectedly fall in March
https://www.businesstimes.com.sg/international/us-consumer-prices-unexpectedly-fall-march
https://www.straitstimes.com/business/us-inflation-unexpectedly-cools-ahead-of-tariffs-impact
US allies greet Trump’s tariff U-turn with relief, and defiance
Trump already slowing global trade as companies pause orders
Trump tariff hike brings added China rate for many goods to 145%
China seeks to strengthen EU, Asean ties as US trade war escalates
China’s consumer deflation persists as trade war poses new risks
Strong response to Trump tariffs likely, but China hopes to negotiate: analysts
Chinese sellers on Amazon to hike prices or exit US as tariffs soar, association says
Beijing bites back at US tariffs by curbing Hollywood imports
Euro zone consumers may be put off by inflation ‘misperception’: ECB’s Schnabel
EU pauses countermeasures following Trump’s tariff reprieve
https://www.channelnewsasia.com/world/eu-pauses-countermeasures-us-trump-tariffs-5057231
Hong Kong launches measures to protect exporters from shipment risks amid trade war
Tenancy details for only 52,700 subdivided flats filed in Hong Kong
Investors dump Hong Kong properties at 20% loss as tariff war dents recovery hopes
US tariffs may cut Indonesia growth by up to 0.5 percentage points
Japan’s wholesale inflation accelerates, signals sticky cost pressure
Malaysia to await tariffs clarity before revising outlook, central bank chief says
Philippine central bank cuts policy rate by 25 bps
https://www.businesstimes.com.sg/international/philippine-central-bank-cuts-policy-rate-25-bps
UK housing market risks being derailed by trade war
https://www.businesstimes.com.sg/property/uk-housing-market-risks-being-derailed-trade-war
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