Hot Topics on Regional Economy

Aug 2019

Singapore core inflation falls to over 3-year low in July, outlook lowered

Singapore's core inflation fell to more than a three-year low in July and below economists' forecasts due to broad-based weakness in consumer prices, data released on Friday (Aug 23) showed. Core inflation - which strips out private road transport and accommodation costs - dropped to 0.8 per cent last month, down from 1.2 per cent in June and its lowest since April 2016 when it stood at that level.

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China’s yuan currency slides to fresh 11-year low, sparking fears of capital flight from Asia

The value of the Chinese yuan fell to a fresh 11-year low against the US dollar on Friday, fuelling worries that China has given up on achieving any progress to end the trade war with the United States in the near term and so is moving to offset the effect of new tariffs with a weaker exchange rate.

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Fintech investments in Singapore nearly quadrupled to US$453m in H1 2019: report

FINTECH investments in Singapore nearly quadrupled to US$453 million in the first half this year, up from US$118 million in the year-ago period - placing the country as the third largest fintech market by funds in Asia-Pacific, just behind China and India. This is according to the latest research by Accenture, which analysed data from CB Insights, a global venture-finance data and analytics firm.

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Cityneon snags investment from EDB's investment arm, to open creative office in Singapore

CItyneon Holdings has snagged a strategic investment from EDBI, the investment arm of the Singapore Economic Development Board, the company announced on Monday morning (Aug 26) without disclosing the amount. The fresh funding comes as the experience entertainment firm, recently delisted from the Singapore Exchange (SGX), continues to expand into new markets, including Scotland, India, the United Arab Emirates (UAE), and China.

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