key summary
- The Monetary Authority of Singapore unexpectedly kept its policy unchanged while raising the core inflation forecast to 1.5%-2.5%.
- Deliveroo is exiting the Singapore market, leading to a duopoly between Grab and foodpanda, potentially increasing delivery fees.
- Singapore’s GDP grew by 4.6% year-on-year in Q1 but fell by 0.3% quarter-on-quarter, raising concerns about future economic conflicts and growth pressures.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.