Rounding up top investing articles from around the web, including articles shared in our Facebook Group and Reddit Community: r/SingaporeInvestments.
S’pore economy loses growth momentum in Q2; MAS makes another move to fight inflation (Straits Times)
The Singapore economy grew slower than expected in the second quarter this year, indicating weakening global and domestic demand for goods and services amid surging inflation.
Meanwhile, the Monetary Authority of Singapore (MAS) further tightened its policy stance, making room for a stronger Singapore dollar to douse the impact of rising global prices.
Analysts said disappointing growth data and MAS’ surprise move show policy emphasis may have shifted to fight surging inflation rather than boost growth.
That follows a bout of bad news for export-driven Singapore from the world’s largest economy. A surprise jump in United States inflation has boosted bets on bigger and more growth-restricting interest rate hikes by the Federal Reserve....