A view of the Monetary Authority of Singapore building in Singapore. Photo: Reuters

Singapore central bank sees ‘fits and starts’ in economy, uncertainties for trade sector

  • The city state’s prospects are in line with the path of the global economy, which should stabilise next year, the Monetary Authority of Singapore said
  • But the domestic economy may experience ‘fits and starts’ for the rest of the year
Topic |   Singapore

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A view of the Monetary Authority of Singapore building in Singapore. Photo: Reuters
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Signage for the Monetary Authority of Singapore is displayed outside the central bank's headquarters. Photo: Bloomberg

Singapore sees small inflows of capital amid Hong Kong unrest, says central bank

  • Central bank chief says city state has received more enquiries about the reallocation of assets but actual flows of capital not ‘significant or substantial’
  • Current downturn is ‘quite concentrated’ in trade and manufacturing, he said, and bank is watching to see if it might spill over into other sectors
Topic |   Singapore

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Signage for the Monetary Authority of Singapore is displayed outside the central bank's headquarters. Photo: Bloomberg
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