0601 GMT - Singapore's consumer and export-oriented companies should brace for higher electricity, transport fuel and shipping costs as the Middle East conflict widens, say DBS economists in a note. These companies in Singapore are likely price-takers that are highly dependent on energy imports, they note. They estimate around 7.0% of the overall consumer-price index basket to be directly affected by higher energy prices. DBS expects imported price pressures to be contained by continued appreciation of the Singapore dollar nominal effective exchange rate. This is unless Brent crude oil prices rise further, which might complicate the central bank's policy bias towards earlier tightening, they add. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
March 04, 2026 01:01 ET (06:01 GMT)
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