Keeping up with financial trends in Singapore and around the world is important for any investor. Here are the key business and economic news for April and May 2023. The US Federal Reserve announced in May an interest rate hike of just 25 basis points, much tamer than the 50 or 75 basis points put forth in the previous tightening...
Keeping up with financial trends in Singapore and around the world is important for any investor. Here are the key business and economic news for April and May 2023.The US Federal Reserve announced in May an interest rate hike of just 25 basis points, much tamer than the 50 or 75 basis points put forth in the previous tightening rounds.
Closer to home, an easing off on rate hikes could see home mortgage rates in Singapore falling to more budget-friendly rates, allowing aspiring homeowners to resume their journey towards homeownership. At the same time, the bourse will also launch its dual-counter market making programme aimed at increasing the liquidity of Renminbi counters and reducing price differences.The increase in the number of Renminbi products will bring to investors interested in US-listed Chinese firms greater choice and convenience.
This company credited its results to strong demand for air travel following the reopening of borders, which drove three key areas of revenue, operating profit and passenger load factor. Moving forward, this convincing performance demonstrates that our national carrier remains a top choice among travellers, even as airlines jockey to capture the biggest slice of the revenge-tourism pie. This should see the Group to greater heights as travel recovers further, and investors stepping on board for the ride could be well rewarded.
OrangTee's Senior Vice President of Research and Analytics, Christine Sun, noted that the expected moderation of interest rates could also prompt more buyers to enter the market, propping up prices.
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