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☆ Taylor Swift: It's a 'Cruel Summer' for fans in Asia as Singapore shows sell out
  + stars: | 2023-07-14 | by ( Heather Chen | ) edition.cnn.com   time to read: +8 min
CNN —It’s been a Cruel Summer for Taylor Swift fans in Asia. Among them was Jordan Lee, a die hard Swiftie from Jakarta who told CNN that he had come “close to snagging” a ticket, priced $80 and up. “They weren’t violent but they made their views very clear, the same would happen with Taylor Swift if she came to Malaysia,” he said. Venues can only hold about 20,000 people, which is too few for Taylor Swift and her Eras Tour, which will be a big production. Taylor Swift performs onstage during her US-leg of the Eras Tour.
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☆ Singapore can't avoid a recession, economist says
  + stars: | 2023-04-14 | 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 EmailSingapore can't avoid a recession, economist saysSong Seng Wun of CIMB Private Banking says that's because much of the country's gross domestic product comes from external trade, though there could be "upside surprises" from China's reopening. He discusses the outlook for the Monetary Authority of Singapore's monetary policy.
☆ With few entry tests, Southeast Asia may gain most from China's travel revival
  + stars: | 2023-01-06 | by ( Xinghui Kok | ) www.reuters.com   time to read: +4 min
Except for airplane wastewater testing by Malaysia and Thailand for the virus, the region's 11 nations will treat Chinese travellers like any others. As many as 76% of Chinese travel agencies ranked Southeast Asia as the top destination when outbound travel resumed, according to a survey released in December by trade show ITB China. Thailand already expects to welcome 5 million Chinese travellers this year, or about half of the 10.99 million of 2019. Neighbouring Malaysia projects 1.5 million to 2 million Chinese tourists this year versus 3 million before the pandemic. "But for Cambodia, it’s an invitation to Chinese people: Chinese tourists, come to Cambodia."
☆ Headwinds carried into 2023 will make it more uncertain: Economist
  + stars: | 2022-12-29 | 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 EmailGlobal headwinds carried into 2023 from the past year will make it even more uncertain: EconomistSong Seng Wun of CIMB Private Banking discusses the outlook for Southeast Asian markets in 2023 and explains why there's still "room for optimism."
☆ Singapore central bank tightens policy, Q3 GDP tops forecast
  + stars: | 2022-10-14 | by ( ) www.reuters.com   time to read: +3 min
The Monetary Authority of Singapore (MAS), at a scheduled policy meeting, said it will re-centre the mid-point of the exchange rate policy band known as the Nominal Effective Exchange Rate, or S$NEER. The Singapore dollar was up about 0.3% to S$1.1429 per U.S. dollar after the policy decision. The MAS manages monetary policy through exchange rate settings, rather than interest rates, as trade flows dwarf its economy. The core inflation rate — the central bank's favoured price measure - rose to 5.1% in August on a year-on-year basis. "Q3 GDP obviously benefitted from domestic and border restrictions being eased," said Song Seng Wun, an economist at CIMB Private Banking.
☆ Does FedEx's bleak outlook flash a warning signal for investors? Here's what the pros say
  + stars: | 2022-09-21 | by ( Zavier Ong | ) www.cnbc.com   time to read: +5 min
FedEx 's bleak preliminary earnings and outlook sent shockwaves through the market and stocks lower during last Friday's trade. And the World Trade Organization similarly painted a grim picture, with an August report pointing to "stagnating global trade growth." It's one of those tea leaves you can take when you look at the global economy. Investors are not entirely sure which way the global economy, inflation and growth are going. "Investors are not entirely sure which way the global economy, inflation and growth are going.
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