Singapore Says Foreign Residents’ Deposits Fell by S$22 Billion

Bloomberg2023-04-28

Residents outside Singapore pulled billions in deposits last month amid financial turmoil triggered by the collapse of several banks globally. Foreign resident deposits saw an outflow of S$22.2 ...

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Comments

  • KinKat
    2023-04-28
    KinKat
    Banks are slow to raise deposit rates. Monies are flowing out to Govt Bonds, TBills & MMF (Money Market Fund) as these offers much better returns with low risk (or risk free for Govt Bonds / Bills)
  • chaicka
    2023-04-28
    chaicka
    Hot Money Inflow has been too hot over last 6-9 months. It isn't a bad thing some of these hot money are outflow in March. Everything has trade-offs. Inflow huge amount of hot money last 12 months certainly has its impact and consequences to SG. Now outflow may well be a good thing, given it is relatively small amount and not massive short timeframe outward. China market has been improving since ease off COVID-19 measures and some of these may well be flowing back to ride the progressive growth wave there, just as some of us also moving funds there for investment. Narrow horizon folks will always narrate negatively. Focus on factual data, sound analysis, and research outcomes. [Tongue] 
  • LuckyPiggie
    2023-04-28
    LuckyPiggie
    0.3% interest in bank ... who wan to keep in banks as deposit [Speechless]  
    • EV8: 
      WAh these few days sg stocks dropping [Spurting]
    • EV8: 
      Didnt buy any laTely, u?
    • EV8: 
      Yeah bro, how u doing? Im ok la, a little busy
    • LuckyPiggie: 
      hello bro, long time no chat [Grin] hope all going well for u. which stock you aiming recently? [Cool] [Miser]
    • EV8: 
      [惊吓][惊吓]
  • BitcoinMaxi
    2023-04-28
    BitcoinMaxi
    This not only happend to SG but to the world. Investors realized their money is not so safe anymore in banks. The fact that banks are allowed to only retain 10% of your actual money and lend 90% of it to other as an investment and only pay minimal interest to depositors is legal scam. 
  • kckckckckkck
    2023-04-28
    kckckckckkck
    Flow back to HK.
  • Nggimseng
    2023-04-28
    Nggimseng
    Nice
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