Report - Economic Recovery in Singapore
Published - 10Nov 2017 Todayonline.com SINGAPORE — Singapore's stock market is finally getting some love again. With almost two months of the year to run, the Straits Times Index has already notched up its best annual performance since 2012 amid an economic recovery and a stronger currency. The city-state's equity funds received some US$2 billion (S$2.72 billion) in 10 straight months of inflows, the most annually since 2007, according to data from asset allocation tracking company EPFR Global. That's more than the combined inflows of the past five years and the longest monthly rally since mid-2013, the data show. The city-state has posted solid growth in the past two quarters as global trade continues to rebound, supporting its export-oriented economy. The central bank said last month the country's economic growth will probably come in at the upper half of the 2 per cent to 3 per cent forecast range, its fastest rate since 2014. The property market has shown