Singapore: One Growth Driver, Two Concerns, Three-Track Economy

Singapore: External Solidity, Domestic Stresses

Singapore: Current Account Surplus Points to Systemic Imbalances

Singapore: Increasingly Dependent on Single Pillar of Growth

Singapore: Respectable Growth in a Three-Track Economy

Economist, Centennial Asia Advisors

Jason Tan

Economist

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

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<strong>Bank lending inches up: </strong>Bank lending rose 6.8% y/y in May 17, down from 7% in Apr 17, and rising for the eighth consecutive month. Business loans rose 9.3% y/y in May 17, down from 9.5% registered in Apr 17. The manufacturing sector caused a drag on lending, dipping 12.8% in May 17. However, this was offset by strong growth in other sectors. Consumer loans rose 3.3% y/y down from 3.6% in Apr 17, supported mainly by an increase in mortgages and car loans.</li>
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<strong>Better financial performance: </strong>A survey by…</li>
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Bank lending inches up: Bank lending rose 6.8% y/y in May 17, down from 7% in Apr 17, and rising for the eighth consecutive month. Business loans rose 9.3% y/y in May 17, down from 9.5% registered in Apr 17. The manufacturing sector caused a drag on lending, dipping 12.8% in May 17. However, this was offset by strong growth in other sectors. Consumer loans rose 3.3% y/y down from 3.6% in Apr 17, supported mainly by an increase in mortgages and car loans.

Better financial performance: A survey by…


Singapore: Domestic Economy Firming Up