Monthly archive

Asia Post "Singapore's inflation expectations at its lowest"

Channel NewsAsia "Inflation expectations in Singapore lowest in nearly 3 years: SMU"

Global Post "Survey: Inflation expectations lowest in Singapore in 3 years"

Lianhe Zaobao "调查： 本地家庭预料通胀率将降低"

MENAFN "Singapore's inflation expectations dip to 3-year low"

Shanghai Daily "Survey: Inflation expectations lowest in Singapore in 3 years"S

Singapore Business Review "Singapore households’ inflation expectations hit 3-year low in June"

The Business Times "Singaporeans still see downtrend in inflation"

This half-an-hour Channel NewsAsia programme features SMU’s second Singapore-India Business Dialogue on 21 May 2014 which was held after India’s watershed elections. Themed “The Changing Financial Landscapes in Singapore and India”, the event attracted some 350 business leaders, academics expects and financial professionals, who came to seek insights into the changing financial climate of the two countries and ASEAN. SMU Provost and Deputy President (Academic Affairs), Professor Rajendra K Srivastava gave the opening address and Mr Prashant Saran, Whole-Time Member of the Securities & Exchange Board of India, gave the keynote speech. During the panel discussion led by SMU Professor David Lee, four distinguished business leaders – Mr Manish Kejriwal, Managing Partner, Kedaara Capital Advisors LLP; Mr Soumen Mitra, Chief Executive Officer of TATA Captial Pte Ltd; Mr Ronald Tan, Director, Listings, Singapore Exchange Limited; and Mr Sandeep Sharma, Co-Head, HSBC Private Bank Southeast Asia – shared their views.

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The Business Times

Modern market economies make extensive use of economic and financial forecasts at all levels, from guiding government policy and business decisions to the choices made by individual consumers, savers and investors.  Forecasting is a particularly valuable tool for governments and monetary authorities as they formulate policies and strategies for the future.

Professor Peter Phillips is Sterling Professor of Economics at Yale University and Distinguished Term Professor of Economics, Keppel Professor of Financial Economics at the Singapore Management University.  His research covers many areas of econometrics, its empirical applications, and its wider implementations in fields such as communications and environmental science.

His latest empirical work includes an econometric analysis of the recent financial and sovereign debt crises, which has led to the development of a new warning alert system for financial market exuberance.

Professor Phillips believes that crowd wisdom has a big part to play in economic forecasting, that is, the collective opinion of groups of individuals may be more accurate than the best informed individual or a single economic forecasting model.

In this podcast, he shares his insights about crowd wisdom and discusses other key indicators that may point to economic instability in the future.

To get a better understanding of the financial landscape in India in light of the new government, SMU is organising the second Singapore-India Business Dialogue (SIBD) titled “The Changing Financial Landscapes In Singapore And India” on May 21. Experts from India and Singapore will examine the driving forces behind emerging global trends and also address the key changes and challenges to the financial climate in Singapore and India, as well as their impact on businessmen and investors on both sides. The guest of honour for SIBD 2014 is Minister in the Prime Minister’s Office, Second Minister for Home Affairs and Second Minister for Trade and Industry, Mr S. Iswaran and the discussion will be moderated by Sim Kee Boon Institute for Financial Economics at SMU Director Professor David Lee.

SMU has held a series of workshops and seminars in Mumbai, Bangalore and New Delhi about innovation. Continuing its focus on India, SMU is organising the second Singapore-India Business Dialogue (SIBD) on the changing financial landscape in Singapore and India on 21 May at its campus. Explaining SMU’s continuing efforts to strengthen its knowledge and insights into the country by creating knowledge networks with academia and industry in India, SMU Provost and Deputy President (Academic Affairs) Professor Rajendra Srivastava aptly summed up, “We have to learn about Asia by going to the ground. For SMU, ‘Asianisation’ is our mantra as we become a global player. The more we know about Asia, the more valuable we become to the world.” Separately, Director of the SMU Sim Kee Boon Institute for Financial Economics Professor David Lee noted that even in “reports by analysts, India is not covered adequately which can be a huge handicap for financial institutions as it will be costly to assess the complex situation on the ground.”

The Sim Kee Boon Institute (SKBI) for Financial Economics at SMU and the Chartered Alternative Investment Analyst (CAIA) Association jointly organised the inaugural CAIA-SKBI Cryptocurrency Conference on November 4. At issue were cryptocurrencies' place in financial industry innovation, and Singapore's own unique role in developing the ecosystem. Key points of discussion were the correct definition of bitcoin and the various implications for cryptocurrency as a part of the mainstream financial industry, including markets, accounting and payments.

In his welcome address at the "Digital Banking, Financial Inclusion and Impact Investing" conference organised by the SMU Sim Kee Boon Institute for Financial Economics and China Europe International Business School, SMU Provost Professor Rajendra K. Srivastava said that investors and financial institutions seeking for profit opportunities and higher returns on equity – in a low growth environment, flushed with liquidity – will do well to take advantage of the digital revolution. CEO of DBS Group Mr Piyush Gupta spoke on “Digital Banking in Asia”; while a panel discussion in the morning, which involved Professor Gerard Geroge, Dean of the SMU Lee Kong Chian School of Business, discussed the opportunities in Asia for digital banking.

At the 5th Annual Sim Kee Boon Institute for Financial Economics Conference 2015 held by SMU on May 6, DBS Bank chief executive officer Piyush Gupta said that Asian banks, which have been left largely unscarred by the global financial crisis, are innovating and rolling with regulatory changes more quickly, even as they deal with competition from non-traditional lenders and a younger clientele who demand for digital services. Citing the various profound changes that are washing over the banking industry, such as the rise of digital banking, shifts in consumption patterns and the issue of data privacy, Mr Gupta said: “I believe quite strongly that we are at the cusp of momentous change in our industry. In the next five years, our industry is going to go through cataclysmic disruption, and within the next decade, I strongly believe there will be banks that will make the transition, and banks that will die.”