The Monetary Authority of Singapore’s recent move to tighten monetary policy will lower the impact of higher imported inflation and strengthen the local currency, experts said.
Weekly investor roundup: Hong Kong's Exchange Fund posts HK$13.2 billion loss; MAS tightens monetary policy in surprise move
Hong Kong's Exchange Fund posted a third-quarter investment loss after five quarters of gains; the Monetary Authority of Singapore said it would raise the slope of its currency policy band up from its current 0%; the Korea Investment Corporation surpasses $20 billion in AUM for the first time; RB Family Office to buy 12 four-storey conservation shophouses in Singapore; and more.
MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
Investors will take heart from predictions of strong growth for Singapore’s economy, but analysts observed that China's tech clampdown and the pandemic could still disrupt markets.
Richard Teng was employed at the Monetary Authority of Singapore for 13 years, and at the Singapore Exchange for seven.
Institutions in the region are voicing their concern about investing in environmental technologies that have been priced too high because of the demand for anything climate-related.