Economist, Centennial Asia Advisors

Nigel Chiang

Centennial Asia Advisors deliver timely and accurate economic and political analysis to investors, focused on anticipating key turning points that affect the client’s interests in the Asia-Pacific region. Clients include public agencies and central banks, as well as fund managers and investment banks. The company draws strength from its flexibility to tailor products to fit client’s specific interests. It provides detailed macro-economic forecasts, scenario analysis and timely assessments of how specific major economic and political developments may affect a client’s areas of interest. At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way.

Economist

Singapore: Policy Responses to Go Beyond S$NEER Steepening

Singapore: Upside Risks to Inflation Imply Possible Further Policy Tightening in October

Singapore: Recalibrating Our Growth Forecasts Amid Cross-Currents

Singapore: Multiple Catalysts; Upside Surprise to 2022 Growth Likely

Singapore Budget 2022: Pivoting from Crisis Management to Tackling Secular Challenges

Singapore: Broader Macro Shifts Compel Fundamental Policy Changes

Singapore: Multiple Catalysts, Upside Surprise to 2022 Growth Likely

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

<ul>
<li>The budget signalled a shift in the government’s priorities from cushioning the economy against COVID-19 to addressing longer-term imperatives: enhancing productivity, labour force upskilling, and Singapore’s nascent green transition.</li>
<li>The slightly negative fiscal impulse notwithstanding, the meaningful step up in direct transfers to households to offset cost-of-living increases and efforts to raise low wage incomes could boost domestic demand.</li>
<li>On the revenue front, policymakers introduced several adjustments to their tax policies. This, tighter controls on foreign labour, and an ambitious carbon tax hike imply moderately higher medium-term price pressures.</li>
</ul>


The budget signalled a shift in the government’s priorities from cushioning the economy against COVID-19 to addressing longer-term imperatives: enhancing productivity, labour force upskilling, and Singapore’s nascent green transition.
The slightly negative fiscal impulse notwithstanding, the meaningful step up in direct transfers to households to offset cost-of-living increases and efforts to raise low wage incomes could boost domestic demand.
On the revenue front, policymakers introduced several adjustments to their tax policies. This, tighter controls on foreign labour, and an ambitious carbon tax hike imply moderately higher medium-term price pressures.


Singapore Budget 2022: Expect Medium-Term Adjustments to Raise Inflation