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7 mentions found


☆ ASEAN trade recovery still 'at a nascent stage,' says HSBC economist
  + stars: | 2024-04-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailASEAN trade recovery still 'at a nascent stage,' says HSBC economistYun Liu, ASEAN economist at HSBC, discusses the outlook for U.S. interest rates and how it will affect Southeast Asian currencies.
Persons: Yun Liu Organizations: ASEAN, HSBC Locations: ASEAN
☆ Eras Tour: Singapore defends Taylor Swift’s exclusive Southeast Asia stop after neighbors cry foul
  + stars: | 2024-03-05 | by ( Kathleen Magramo | ) edition.cnn.com   time to read: +5 min
CNN —Singapore is drawing fans from all over Southeast Asia and beyond to Taylor Swift’s Eras Tour, much to the annoyance of the city-state’s regional neighbors. “[Our] agencies negotiated an arrangement with her to come to Singapore and perform and to make Singapore her only stop in Southeast Asia,” Lee said at a press conference in Melbourne while on a state visit to Australia. I don’t see that as being unfriendly.”“If we had not made such an arrangement, would she have come to more places in Southeast Asia? Southeast Asia fans dig deep to see SwiftThe Eras Tour is a multi-continent extravaganza that surged to become the highest-grossing tour of all time – and Swift is making Singapore a lot of money. I never really spent big like six-digit (Philippine peso) amounts for someone else, just Taylor Swift,” Suizo said.
Persons: Taylor, Swift, Joey Salceda, Lee Hsien Loong, “, ” Lee, Edward Tong, ”, Srettha Thavisin, Taylor Swift, hasn’t, Edmund Ong, Yun Liu, Errol De Asis, Gilliane, Christel Kaye Kuan, Yedda Mendoza, ” Suizo, it’s, Granada, That’s Organizations: CNN, Southeast, Singapore –, ”, Singapore, Coldplay, World Bank Locations: Singapore, Southeast Asia, Melbourne, Australia, Bangkok, Thailand, Philippines, Asia, Maybank, ASEAN, Gilliane Granada, China, Granada
☆ Taylor Swift is making Singapore a mountain of money, and some of the country's neighbors are salty about it
  + stars: | 2024-03-04 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +6 min
Edwin Tong, Singapore's culture minister, told local outlet Mothership on February 28 that the amount of grant given "is not what is being speculated online." As Tong, the Singapore culture minister, told Mothership, the city-state is looking "beyond just the economic impact" of Swiftonimics. Economists estimate that Swift's concerts in Singapore could contribute up to 500 million Singapore dollars, or $372 million, in tourist receipts. AdvertisementIt's a different story for spending on experiences — and it's heightened because Singapore is Swift's only stop in Southeast Asia. Mann said the people who have money to pay for flight tickets, Swift's concert tickets, and a hotel are likely to keep spending at other tourist spots.
Persons: —, Taylor Swift, Srettha, Edwin Tong, Swift, it's, Yun Liu, Tong, Kevin Cheong, David Mann, Mann, Coldplay, Si Ying Toh, Cheong, Joey Salceda, Sandiaga Salahuddin Uno Organizations: Service, Business, HSBC, Asia Pacific, Mastercard, Nomura, Philippine Star, Bloomberg, Vegas Locations: Singapore, Southeast Asia, British, Thailand, Bangkok, Indonesia, Sands
☆ Coldplay, then Taylor Swift: Concert economics are driving a tourism boom in Singapore
  + stars: | 2024-02-27 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com   time to read: +1 min
Coldplay, Ed Sheeran, and now Taylor Swift. Singapore is eyeing concert economics as its new growth driver, which is set to add hundreds of millions of dollars in tourism receipts. Fans bought 200,000 tickets as the shows sold out within hours, breaking the city-state's record for the most tickets sold by an artist in a single day. And starting this weekend, Singapore will host American popstar Taylor Swift, whose Eras Tour in the U.S. last year was estimated to generate around $4.6 billion in consumer spending. "Taylor Swift is also widely expected to generate a sizable economic boost, given her past record," Liu added.
Persons: Coldplay, Ed Sheeran, Taylor Swift, Yun Liu, Agoda, popstar Taylor Swift, Liu Organizations: Singapore's, Coldplay's Music Locations: Singapore, ASEAN, British, Asia, Pacific, Malaysia, Indonesia, U.S
☆ Singapore's central bank leaves policy unchanged in first quarterly meeting of 2024
  + stars: | 2024-01-29 | by ( Shreyashi Sanyal | ) www.cnbc.com   time to read: +4 min
Photographer: Lionel Ng/Bloomberg via Getty Images Lionel Ng | Bloomberg | Getty ImagesSingapore's central bank left its policy unchanged on Monday in its first quarterly monetary policy decision of 2024, as expected. The central bank strengthens or weakens its currency against those of its main trading partners, thus effectively setting the S$NEER. The central bank estimates core inflation to average between 2.5% and 3.5% in 2024, unchanged from its October forecast. Economists will monitor for clues on when Singapore's central bank will begin to loosen monetary policy. Singapore's central bank ended its policy tightening cycle in April after five consecutive decisions to tighten.
Persons: Lionel Ng, Goldman Sachs, Yun Liu, CNBC's, Liu Organizations: Bloomberg, Getty, Monetary Authority, Singapore, MAS, U.S . Federal Reserve Locations: Singapore, Central, ASEAN
☆ Our base case is for Singapore's central bank to start easing policy in April at the earliest: HSBC
  + stars: | 2024-01-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOur base case is for Singapore's central bank to start easing policy in April at the earliest: HSBCYun Liu, ASEAN economist at HSBC, says there are "quite a lot of risks" that could push that decision to later in the year, and one of them is core inflation.
Persons: HSBC Yun Liu Organizations: HSBC Locations: ASEAN
☆ This ASEAN nation is likely to have accelerated growth despite regional slowdown: HSBC
  + stars: | 2023-09-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis ASEAN nation is likely to have accelerated growth despite regional slowdown: HSBCYun Liu of HSBC lays out the risks and opportunities for ASEAN's economic growth. She also says foreign direct investments in the region has remained quite strong.
Persons: HSBC Yun Liu Organizations: HSBC
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