Singdollar emerges as Asia’s best performer: Will it continue to stay strong amid USD rise?

SINGAPORE – As this year’s US dollar rally crushes Asian currencies, foreign exchange traders are seeking refuge in the region’s best outperformer – the Singapore dollar. Thanks to a recovering economy and a hawkish central bank that has tightened monetary policy four times since October 2021, the Singdollar has outperformed its regional peers including Asia’s […]

Singdollar emerges as Asia’s best outperformer against greenback’s relentless rise

SINGAPORE – As this year’s US dollar rally crushes Asian currencies, foreign exchange traders are seeking refuge in the region’s best outperformer – the Singapore dollar. Thanks to a recovering economy and a hawkish central bank that has tightened monetary policy four times since October 2021, the Singdollar has outperformed its regional peers including Asia’s […]

Traders find haven from global stock gloom in South-east Asia

SINGAPORE – As global equities struggle after the Federal Reserve’s latest hawkish rhetoric, South-east Asia’s growth outlook is making the region an investor favourite. Man Group, BNP Paribas and Credit Suisse Group are among those touting the region’s resilience after commentary at Jackson Hole reignited a worldwide sell-off over the past week. The benchmark MSCI […]

Once South-east Asia’s most valuable start-up, Grab falls $18 billion behind GoTo

SINGAPORE (BLOOMBERG) – Singapore’s Grab Holdings, once South-east Asia’s most valuable start-up, is faltering behind GoTo Group in the stock markets as it fights to gain ground on its Indonesian ride-hailing rival’s home turf. The unprofitable companies are both struggling to convince investors of their moneymaking potential after staging their stock market debuts in recent […]