Singapore a canary in coal mine as Asia's exports worsen


SINGAPORE: Singapore could be the canary in the coal mine as the outlook for Asia’s exports worsens.

Chief financial officers in the city-state are the most pessimistic in the region when it comes to profits this year, according to a survey by Bank of America Merrill Lynch. In the poll of 630 CFOs, 37% of those in Singapore said they expected earnings to grow in 2015, about half the regional average.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Singapore , exports , economy

   

Next In Business News

AmBank launches revamped AmOnline mobile banking
Pentamaster to prioritise sustainability
Kerjaya Prospek Property to jointly develop Batu Kawan land for proposed mixed development
Ringgit almost unchanged against greenback at the close
Malaysia to retain lead in Asia-Pacific Islamic banking market - S&P Global
Supermax buys remaining 33% stake in SHCI for RM18.96mil
Scientex to deploy large scale solar PV system at its facilities nationwide
Ahmad Maslan: RM180bil allocation available for projects in construction sector this year
MR D.I.Y. plans 180 new stores in 2024, targets 2,000 by 2028
Daniel Wong charged with abetting former MD of Multi-Code for securities fraud

Others Also Read