[Quiz & Rewards] WWTD 2023: Singapore market outlook
Hi Tigers,
Have you attended our offline event "WWTD 2023" at Visual Arts Centre in Singapore? How do you like the immersive experience store and all our activities that fly you from Singapore to Japan, Europe, and the US?
Well, no worries if you haven't been there. Tiger community will be hosting an online "WWTD 2023" event in the following week, and will be publishing 4 articles in total to help you get some insights from professionals on the outlook for these 4 markets!
Besides, there will be a quiz about the corresponding market in every article. Tigers who get the right answer for the quiz will stand a chance to win a set of SUPER Tiger gifts!
First Episode: Singapore Market Outlook
(For the full report, you may click here to check)
[Quiz]:
Singapore is expected to see inflation to be sticky in first half of 2023, what policy does the Monetary Association of Singapore use to alleviate import push inflation?
[How to take part]
1. Vote your answer in this article below
2. You're welcome to leave anything you'd like to share about your thoughts on the 2023 Singapore market
[Rewards]
1. The first 2 Tigers & the last 2 Tigers who vote for the right answer will be given a SUPER Tiger gift!
2. Three Tigers whose comments get the most likes will be given a SUPER Tiger gift!
3. Three lucky Tigers who vote for the right answer and leave a comment will be given a SUPER Tiger gift!
[Duration]
Now - 29 Jan
Which is the correct choice for this question?(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
@TigerEvents
because to fight and control inflationary pressure Singapore has to strengthen our sing dollar such that our imports can become cheaper but on the other hand sing dollar cannot be too overvalued otherwise our exports will become too expensive and others may not purchase from us . it's a delicate balance
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@MHh
MAS has indeed utilitised the monetary policy well and navigated Singapore out of the past crises. For those who aren’t as familiar with the monetary framework in Singapore, the monetary policy is exchange rate centre which MAS manages the Singapore dollar against a basket of currencies (which is trade weighted) with an objective appreciate over the long run.
Given that Singapore is a heavily dependent on trade and reliant on imports, it is logical that Singapore ensures a stable currency to combat imported inflation. For e.g, an appreciation of the SGD against currencies of our major trading partners reduces the cost of imported goods, which reduces the prices that Singaporeans or local companies pay.
@HelenJanet @MHh @rL @Jadenkho @SirBahamut @pekss @AliceSam @melson
🌟🌟🌟The correct answer is Monetary Policy. Monetary Policy is the action taken by the MAS to help control high inflation. Fiscal Policy refers to the tax and spending policies of the state government which is PAP.
Singapore has fared better than many countries due to the prudent policy of our government. Nonetheless we are a small country and not immune to the macro headwinds such as slowing global economy, high inflation, rising interest rates from the US.
Our $ES3(ES3.SI)$ which tracks the Straits Times Index of the Top 30 largest companies in Singapore actually went up 3.9% in the past year compared to $SPY(SPY)$ which dropped 13%.
A Big Thank You to Tiger Brokers for organising WWTD 2023. It was an excellent opportunity to learn from the best analysts how to position ourselves for success in investing for 2023.
@Tiger_SG @TigerEvents @MillionaireTiger