Singapore likely to keep monetary policy unchanged
Singapore’s central bank is likely to keep its monetary policy stance on hold in its meeting next month as inflation eases and the growth outlook for the export-reliant economy dims.
Hanoi (VNA) – Singapore’s central bank is likely to keep its monetary policystance on hold in its meeting next month♛ as inflation eases and the growthoutlook for the export-reliant economy dims.
Accordingto the survey conducted between March 21-27, 12 out of 15 economists said theyexpect the Monetary Authority of Singapore (MAS) to leave its exchange rate-basedpolicy unchanged in April after two tightening moves last year. EconomistJingyang Chen from HSBC said that given the moderation in core inflation,combined with the relatively broad deterioration in the growth outlook, the MASis likely to keep the policy unchanged. TheMAS manages monetary policy by changes to the exchange rate, rather thaninterest rates, letting the Singapore dollar rise or fall against thecurrencies of its main trading partners within an undisclosed policy band basedon its nominal effective exchange rate (NEER). Singapore’score inflation rate – a measure closely watched by central bankers – eased to anine-month low in February, while its economy grew at its slowest pace in morethan two years in the fourth quarter of 2018.-VNA
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The Vietnam – Singapore Cooperation Centre was inaugurated in Hanoi on March 23 morning, in the witness of visiting Singaporean Deputy Prime Minister and Co-ordinating Minister for National Security Teo Chee Hean and Minister of Science and Technology Chu Ngoc Anh.
The Singapore Tourism Board and the Singaporean Embassy in Vietnam on March 23 morning opened the Singapore Festival 2019, the first of its kind, at the pedestrian street around the Hoan Kiem Lake right in the heart of Hanoi.
Singaporean Deputy Prime Minister and Co-ordinating Minister for National Security Teo Chee Hean on March 23 visited the central province of Thua Thien-Hue as part of his ongoing official visit to Vietnam.
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In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
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The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
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Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
Illustrative image (Source: Internet) 
