The one-year ahead headline inflation expectations dipped to 4.2% in December 2023, from 4.5% in September 2023, according to the Singapore Index of Inflation Expectations (SInDEx) Survey published jointly by SMU’s Sim Kee Boon Institute for Financial Economics (SKBI) and DBS. SMU Assistant Professor of Finance, creator and Founding Principal Investigator of the Quarterly DBS-SKBI SInDEx Project Aurobindo Ghosh said, “In Singapore domestically, the moderation in expectations might have been slightly dampened by the 1% increase in goods and services tax in 2024, although Singaporeans opined that a slowdown in global growth might also limit any significant increase in overall price levels. The overall and component-wise inflation expectations of Singaporean consumers have largely declined, even after accommodating behavioural biases, indicating some levels of anchoring of medium-and long-term inflation expectations.”

Source

Jobs in the financial sector are becoming increasingly international-oriented. It is estimated that nearly half of the positions will be of an international nature. Local financial leaders must master international capabilities to succeed in this field and compete with talents from all over the world for leadership positions. Deputy Prime Minister and Coordinating Minister for Economic Policy Heng Swee Keat expressed these views when speaking at the graduation dinner of the Asian Financial Leadership Program on Tuesday (October 24).

金融界的工作日益面向国际,估计接近一半的职务会以国际性质为主,国人必须掌握国际能力才能在这个领域取得成功,与世界各地的人才角逐领导职位。副总理兼经济政策统筹部长王瑞杰星期二(10月24日)在亚洲金融领袖计划的毕业晚宴上讲话时,发表上述看法。

Source

The latest Singapore Inflation Forecast Index report released by DBS Group and SMU's Sim Kee Boon Institute for Financial Economics shows that if accommodation and private transportation are not included, local residents' forecasts for the core inflation rate in the next year in September this year also increased from 4.8% in June to 4.6%. SMU Assistant Professor of Finance Aurobindo Ghosh, who leads the survey, shared that Singapore’s supply chain has little connection with areas of military conflict, but if a war breaks out, including the ongoing Russia-Ukraine war, it will increase the uncertainty of the economic outlook. This may cause concerns among consumers and affect their expectations for prices and economic growth. He concluded that if local oil prices rise during and after military conflicts, it may have a short-term impact on prices and consumer sentiment.

Source

According to a recent study by DBS and the SMU Sim Kee Boon Institute for Financial Economics (SKBI), Singaporeans' overall inflation expectations in the next one year has increased to 3.1%. The latest DBS-SMU SKBI Singapore Index of Inflation Expectations (SInDEx) Survey found that this is higher than overall projection reported in June, which was at 2.7%. SMU Assistant Professor of Finance and founding Principal Investigator of the DBS-SKBI SInDEx Project, Aurobindo Ghosh highlighted, “Responding to global cues like the energy shortages in China, pandemic induced global supply chain disruption including chip shortages and cyclical increase in energy and commodity prices, One-Year-Ahead inflation expectations among Singaporeans increased both in an aggregate sense and for major components like food, transportation, housing & utilities, and healthcare, among others.”

Source

SMU and Citi Foundation organised an online financial literacy symposium on Friday (Sept 10). Speaking at the event, Minister of State for Manpower Gan Siow Huang pointed out that financial resilience and know-how are vital, especially amid the kind of crisis the world is facing now.

Source

SMU Professor of Finance Dave Fernandez, who is also the Co-Director of the Singapore Green Finance Centre, pointed out that international consensus and government support are the drivers of the development of sustainable finance in recent years, such as the UN Sustainable Development Goals 2030, Singapore Green Plan 2030, and the Paris Climate Agreement. Financial industries, as important participants in the market, play a crucial role in providing the investment and helping shape the society into a low-carbon economy. Climate issues, such as the recent Texas deep freeze, have led to the increasing attention on climate risk and its impact on social activity.

Source

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.

Source

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.

Source

A majority of Singaporeans (roughly 60%) expect COVID-19 to have a “moderate impact” on both economy and household inflation expectations, with the effects lasting “around one year." This is according to the latest DBS-SKBI Singapore Index of Inflation Expectations (SInDEx) Survey at the Sim Kee Boon Institute for Financial Economics (SKBI), Singapore Management University (SMU). Note that the survey was conducted prior to the “circuit breaker” period.

Source

Melissa Ang, a student trainer in the Citi-SMU Financial Literacy Programme for Young Adults, shared in an article that one could maximise savings on online purchases by looking for promotions, receive cashback on certain sites, and to shop at sites which offer free shipping.

Source

SUBSCRIBE TO THE SKBI MAILING LIST*

Be alerted on SKBI news and forthcoming events.

Newsletter checkboxes

*Please note that upon providing your consent to receive marketing communications from SMU SKBI, you may withdraw your consent, at any point in time, by sending your request to skbi_enquiries [at] smu.edu.sg (subject: Withdrawal%20consent%20to%20receive%20marketing%20communications%20from%20SMU) . Upon receipt of your withdrawal request, you will cease receiving any marketing communications from SMU SKBI, within 30 (thirty) days of such a request.