Singapore will launch an arbitration framework next week for resolving restructuring, debt and insolvency disputes, offering businesses and creditors an alternative to traditional court processes, Bloomberg News reported. “The SIAC Restructuring and Insolvency Arbitration Protocol is a first, for an international arbitration institution, in proposing the use of arbitration to resolve” such disputes, Murali Pillai, senior minister of state for law, said Thursday. The initiative is the latest in Singapore’s efforts to enhance the city-state’s appeal as a hub for restructuring in Asia.
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Economists are split on whether Singapore's central bank will loosen monetary policy or leave settings unchanged in its scheduled review next week as the economy remains resilient despite weakening global growth, Reuters reported. Of 12 analysts Reuters polled, six expect the Monetary Authority of Singapore to loosen its currency-based monetary policy at the review on July 30 to counter an expected negative output gap in the economy. The other six expect no change in policy. The MAS eased monetary policy twice this year in January and April on growth concerns due to U.S.
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Singapore's economic growth is likely to slow in the second half of the year despite a better-than-expected performance in the first half because of uncertainties over tariffs, the head of its central bank said on Tuesday, Reuters reported. Monetary Authority of Singapore (MAS) managing director Chia Der Jiun, speaking during the release of the central bank's annual report, said this was in line with the central bank's expectations of slower global economic activity and weaker external demand. Chia said there was considerable uncertainty given the range of potential outcomes.
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Singapore's state investor Temasek sees growing investment opportunities in Europe as the impact of trade tensions on the economic climate makes some companies more attractive in terms of valuations, a senior executive told Reuters on Thursday, Reuters reported. A trade war, which followed U.S. President Donald Trump's "Liberation Day" on April 2, had led to volatility in global markets and prompted some investors to focus more on European assets.
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