Singapore Economy
Financial sector plays a critical role in achieving net-zero emissions in Asia: DPM Heng
Singapore – The financial sector plays a key role in helping Asia tackle climate change, but players in this space need to deepen their sustainability-related skills and capabilities, and collaborate with other sectors in the economy to drive change more effectively, Deputy Prime Minister Heng Swee Keat said on March 21.
https://www.straitstimes.com/singapore/the-financial-sector-plays-a-critical-role-in-achieving-net-zero-emissions-in-asia-dpm-heng
Singapore leads Asian peers in attracting foreign investments: Report
Singapore – Singapore is the most attractive country in the region for foreign investments, but it falls behind some advanced economies in terms of environmentally friendly and socially inclusive growth, according to a new index.
https://www.straitstimes.com/business/singapore-leads-asian-peers-in-attracting-foreign-investments-report
Upgrading of Sengkang LRT station set to begin; completion slated for end-2024
Singapore – Renovation works will soon begin at Sengkang LRT station to improve the flow of passengers, and will be completed at the end of 2024, said the Land Transport Authority (LTA).
https://www.straitstimes.com/singapore/transport/upgrading-of-sengkang-lrt-station-set-to-begin-completion-slated-for-q4-2024
Singapore falls 5 spots to 30th in world happiness ranking but still tops Asia for 2nd straight year
https://www.channelnewsasia.com/singapore/world-happiness-report-2024-asias-happiest-country-4212206
Global Economy & Real Estate
Gold hits record high as US Fed sticks to three rate cuts in 2024
https://www.businesstimes.com.sg/companies-markets/energy-commodities/gold-hits-record-high-us-fed-sticks-three-rate-cuts-2024
Oil settles lower on weaker US petrol demand, Gaza ceasefire hopes
https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-settles-lower-weaker-us-petrol-demand-gaza-ceasefire-hopes
https://www.channelnewsasia.com/business/oil-prices-ease-gaza-ceasefire-possibility-dollar-strength-4213706
Bank of America cuts back on office space in Hong Kong amid impending new supply
https://www.scmp.com/business/banking-finance/article/3256136/bank-america-cuts-back-office-space-hong-kong-amid-impending-new-supply
Bank of England to hold rate despite slowing inflation
https://www.businesstimes.com.sg/international/bank-england-hold-rate-despite-slowing-inflation
https://www.straitstimes.com/business/bank-of-england-sees-economy-moving-in-right-direction-for-rate-cuts
China builder Radiance defaults on dollar bond amid sales slump
https://www.businesstimes.com.sg/property/china-builder-radiance-defaults-dollar-bond-amid-sales-slump
China’s state-backed developers grow earnings as buyers look for safety in home delivery, shunning troubled builders
https://www.scmp.com/business/china-business/article/3256254/chinas-state-backed-developers-grow-earnings-buyers-look-safety-home-delivery-shunning-troubled
Hong Kong property: Henderson to launch 7,100 new homes this year, saying market has ‘bottomed out’ and ‘stabilised’
https://www.scmp.com/business/article/3256264/hong-kong-property-henderson-launch-7100-new-homes-year-saying-market-has-bottomed-out-and?module=hp_section_hong-kong&pgtype=homepage
Hong Kong tycoon Victor Li says city must do whatever it takes to maintain financial hub status
https://www.scmp.com/business/companies/article/3256233/hong-kong-tycoon-victor-li-says-city-must-do-whatever-it-takes-maintain-financial-hub-status?campaign=3256233&module=perpetual_scroll_0&pgtype=article
London home rents surge at record pace to more than £2,000 a month
https://www.businesstimes.com.sg/property/london-home-rents-surge-record-pace-more-ps2-000-month
Sterling slips as BOE holds rates; Swiss franc tumbles after surprise SNB cut
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/sterling-slips-boe-holds-rates-swiss-franc-tumbles-after-surprise-snb-cut
Swiss National Bank surprises with quarter point interest rate cut
https://www.businesstimes.com.sg/companies-markets/banking-finance/swiss-national-bank-surprises-quarter-point-interest-rate-cut
https://www.straitstimes.com/business/cutting-interest-rates-who-will-follow-the-swiss
Shopping mall owner Siam Piwat said to consider biggest Thai IPO since 2022
https://www.businesstimes.com.sg/international/asean/shopping-mall-owner-siam-piwat-said-consider-biggest-thai-ipo-2022
Wary of inflation, Taiwan central bank raises key rate in surprise move
https://www.businesstimes.com.sg/companies-markets/banking-finance/wary-inflation-taiwan-central-bank-raises-key-rate-surprise-move
Cost of living payments, inflation swell UK budget deficit in February
https://www.businesstimes.com.sg/international/cost-living-payments-inflation-swell-uk-budget-deficit-february
Sales of previously owned US homes surge to highest in a year
https://www.businesstimes.com.sg/property/sales-previously-owned-us-homes-surge-highest-year
US weekly jobless claims unexpectedly fall suggesting that job growth remained strong in March
https://www.businesstimes.com.sg/international/us-weekly-jobless-claims-unexpectedly-fall-suggesting-job-growth-remained-strong-march
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