Unmasking Asia Thematic Research Series - Maybank Kim Eng 2016-06-29: The Singapore Fix

Singapore Strategy

Unmasking Asia Thematic Research Series - The Singapore Fix

• With sub-2% GDP growth expectations and EPS contractions for equities, Singapore is struggling. 
• Some of the attributes that have been responsible for its success so far are, ironically, stifling its further growth. These include appreciating property prices, high wage growth, high savings rates and lower returns from overseas investments. 
• While the government has been evolving steps to address these, we think that radical changes are called for – if not already afoot - to guard against a precipitous loss of Singapore’s relevance to global markets.

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