The latest quarterly survey for the Singapore Index of Inflation Expectations (SInDEx), released by DBS Bank and the SMU Sim Kee Boon Institute for Financial Economics (SKBI), found that locals have a higher projection for headline inflation of 2.7% this year. This is an increase from 1.9% and 2.2% in September and December last year, respectively.
Speaking as a panellist at the CNA Leadership Summit on Thursday (22 April) in Singapore, SMU Professor of Finance (Practice) Dave Fernandez, Director of SMU’s Sim Kee Boon Institute for Financial Economics and Co-Director at the Singapore Green Finance Centre said, “If you look at our region, we still have a lot more work to do. We have to create a situation where the damage that you were doing by doing certain activities, the focus, clearly being on greenhouse gas emissions needs to have a price above zero." He added, "The question here in Asia is – are the companies ready? Are we going to miss that wave of global finance that’s flowing to the companies that have said, we’re going to embrace this ahead of any government regulations that come in? I think that’s the real challenge, because the money is going to be coming whether or not Asian companies are ready.”
The latest quarterly survey for the Singapore Index of Inflation Expectations (SInDEx), released by DBS Bank and the SMU Sim Kee Boon Institute for Financial Economics (SKBI), found that locals have a higher projection for headline inflation of 2.7% this year. This is an increase from 1.9% and 2.2% in September and December last year, respectively.
Singaporean households surveyed last month see overall or headline inflation rising to 2.7 per cent in the year ahead from 2.2 per cent in a December poll. The latest quarterly survey for the Singapore Index of Inflation Expectations (SInDEx), released by DBS Bank and SMU, polled 500 individuals representing a cross-section of Singaporean households. In a joint statement, DBS and SMU said that some semblance of normalisation and global cues of recovery with the massive roll-out of various vaccines might have buoyed inflation expectations. "A cyclical rise in commodity prices including oil price, the pace of recovery, along with record low interest rates globally have triggered a debate on increased inflation risk among practitioners, academics and policymakers," said SMU Assistant Professor of Finance (Education) and founding principal investigator of the SInDEx project Aurobindo Ghosh.
Commenting on the unemployment rate in India, Rajiv Lall, Professorial Research Fellow at the SMU Sim Kee Boon Institute for Financial Economics said, "We have always struggled with jobs. Job creation has overwhelmingly been in the informal sector. That means income inequality is a huge challenge."
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