Song Seng Wun, CIMB Private Bank

Song Seng Wun, CIMB Private Bank

22 June 2022
Market View: Will a US recession trigger more Asian economies to fall into recession as well?
On Market View, Melissa Hyak is joined by Song Seng Wun, Economist, CIMB Private Banking to talk about Singapore's CPI results for May; Fed chair Jerome Powell's most explicit acknowledgment to date that steep interest-rate hikes could tip the US economy into recession; and whether that will lead to other Asian economies falling into a recession.

Download the podcast.

Listen to his previous podcasts:

3 June 2022
Market View: China’s economy prospect following ease in Covid-19 restriction
Fed’s quantitative tightening programme and China’s economic outlook after easing its Covid-19 measures are among the top concerns of this week. In Market View, Prime Time’s Bharati Jagdish spoke with Song Seng Wun, CIMB Private Banking to find out more.

Download the podcast.

25 May 2022
Market View: Singapore economy is expected to experience weakened external demand
Singapore's economy has expanded by 3.7 per cent with an uplift from manufacturing, finance and insurance, and professional services. The Ministry of Trade and Industry has kept its full-year growth forecast, but the print is “likely to come in at the lower half of the forecast range”. In Market View, Prime Time’s Bharati Jagdish spoke with Economist at CIMB Private Banking, Song Seng Wun, Economist, CIMB Private Banking to find out more.

Download the podcast.

17 May 2022
Market View: Economy picture and possible recession risks in Asia
Non-oil exports cooled again in April, inflation and the prospect of more rate hikes, China's economic activity cooled sharply in April as well, adding to fears that the economy could shrink in the second quarter are the data we are going to analyse today to see the general the economy picture and recession risks in Asia.

In Market View, Prime Time’s Bharati Jagdish spoke with Song Seng Wun, Economist at CIMB Private Banking to find out more.

Download the podcast.

25 April 2022
Market View: Breaking Down Singapore's Rising Inflation
Singapore inflation jumped 5.4% in March - -its highest since 2012. Song Seng Wun, Economist at CIMB Private Banking, joined us on Prime Time to discuss the numbers, how big a part rising wages and surging energy costs played in the inflation print, how effective the MAS' recent tightening measures may be in helping Singaporeans weather the inflation, and if the price of beer at his neighbourhood pub has already risen.

Download the podcast.

25 March 2022
Weekly Wrap Up: PM Lee addresses nation on 'improving' Covid-19 situation
Endemic is here for Singapore! And in a national address on March 24, PM Lee Hsien Loong announced the relaxation of Singapore's Covid-19 safe management measures. Song Seng Wun, Economist, CIMB Private Banking discuss more about the business sectors that are expected to benefit the most out of these announcements and what these new sets of measures will mean for Singapore's economic outlook.

Download the podcast.

24 January 2022
Bigger Picture: Bak Kwa prices hit new highs
Song Seng Wun, Economist, CIMB Private Banking discusses how the Bak Kwa Index helps to paint the outlook for Singapore's economy, and how the rising prices partly reflect the inflationary pressures

Download the podcast.

10 November 2021
Of Easing Travel, Inflation, and Year-End Risks
With the US reopening its borders to fully vaccinated travelers and Singapore reopening new travel lanes, new hope has breathed into the global reopening as more countries learn to live with COVID-19. Inflationary pressures though, continue to show up in household expenses and the profit margins of some firms. Song Seng Wun, Economist at CIMB Private Banking, joined us on Prime Time to talk about the risks and opportunities these pose for the last 2 months of the year.

Download the podcast.

17 September 2021
Weekly Wrap Up: Singapore's chicken prices could increase, fuelled by rising feed costs in Malaysia
Your next plate of chicken could be more expensive as chicken prices are set to increase, driven by the higher cost of raw materials, such as corn and soybean — the main ingredients in poultry feed. The Breakfast Huddle's Elliott Danker and Bharati Jagdish chat with Song Seng Wun, Economist, CIMB Private Bank about how will this increase impact F&B establishments that rely on chicken.

Download the podcast.

10 August 2021
Market View: Outlook on Singapore's economy
Song Seng Wun, Economist, CIMB Private Bank, joined us on Prime Time to share his outlook for Singapore’s economy as restrictions ease up.

Download the podcast.

26 July 2021
Market View: The Singapore Economy: A Macro & Micro Survey in COVID Times
Though a 3Q setback is possible thanks to the reimposition of Phase 2-HA restrictions, the Singapore economy is still expected to bounce back this year, from a macro perspective. But on a micro scale, what costs are the vulnerable sectors possibly bearing? Song Seng Wun, Economist at CIMB Private Banking, joined us on Prime Time to discuss.

Download the podcast.

28 June 2021
Market View: Economic update by Song Seng Wun, Economist, CIMB Private Banking
Song Seng Wun, Economist, CIMB Private Banking shares his outlook for Singapore's manufacturing and economy.

Download the podcast.

18 June 2021
Weekly Wrapup: Census of Population 2020: Potential economic impact
Song Seng Wun, Economist, CIMB Private Banking, discusses the highlights from the Census of Population 2020, Singapore's ageing population and how it will impact Singapore's economy in the future.

Download the podcast.

25 May 2021
Market View: Look ahead following better than expected GDP numbers
The Singapore economy grew at a much faster pace in the first quarter of this year, exceeding earlier estimates by both the Government and most analysts - is this a sign that things are looking up?
Song Seng Wun, Economist at CIMB Private Bank makes sense of the latest numbers.

Download the podcast.

13 April 2021
In The Spotlight: Impact of slower vaccine rollout on global economic recovery
Earlier this month the  International Monetary Fund upgraded its global economic growth forecast for the second time in three months.
It’s projecting global grow at 6 percent in 2021, moderating to 4.4 percent in 2022.
The IMF says the upward revision reflects additional fiscal support in a few large economies, the anticipated vaccine-powered recovery in the second half of 2021, and continued adaptation of economic activity to subdued mobility.
As the recovery is closely linked to vaccine rollout - Prime Time's Rachel Kelly speaks with CIMB Private Bank, Economist, Song Seng Wun for his thoughts on recent vaccine delivery developments and what that might mean for global economic growth.

Download the podcast.

11 February 2021
Bigger Picture: Bak Kwa prices hit record high despite coming out of worst recession
Song Seng Wun, Economist, CIMB Private Banking discusses why there seems to be no holding back Bak Kwa prices from pushing another new high, and what signals he's seeing for Singapore's economic outlook.

Download the podcast.

23 December 2020
Across the ASEAN: The Year Ahead for Singapore's Economy
Though hopes are high for a solid economic rebound, a lot of uncertainties still face the Singaporean economy heading into 2021. Will businesses and industries require more support measures in the year ahead, and can the government continue to provide? Will there be a reflation in the year ahead? And will continued travel restrictions between Singapore and Malaysia continue to hamper a recovery on either side of the Causeway? Song Seng Wun, economist at CIMB Private Banking, joined us on the last episode of Across the ASEAN for 2020.

Download the podcast.

15 December 2020
In The Spotlight: What does Phase 3 & vaccine announcement mean for Singapore’s economic outlook?
From the second half of January 2021, short-term business travellers from all countries arriving in Singapore will no longer need to be quarantined, under new segregated travel lane arrangements. This news follows the announcement last night that Singapore will go into phase 3 at the end of December. To find out what these latest announcements mean for Singapore’s Economy, Prime Time's Rachel Kelly spoke to Song Seng Wun, Economist at CIMB Private Bank.

Download the podcast.

23 November 2020
Market View: Recapping Singapore's Final 3Q GDP Figures
Singapore's 3Q GDP contracted by 5.8% year-on-year, but grew by more than 9% as compared to the second quarter. Song Seng Wun, economist at CIMB Private Banking, joined us on Prime Time to talk about the numbers, and whether Singapore should brace for a more sluggish fourth quarter.

Download the podcast.

27 August 2020
Raise in minimum salaries for Employment Pass and S Pass holders
Minister for Manpower Josephine Teo has announced that the Government will raise the salary criteria for Employment Passes and S Passes. Song Seng Wun, Economist, CIMB Private Bank, shares more about how this could help the Singaporean workforce and some possible economic implications.

Download the podcast.

11 August 2020
Reviewing Singapore's Final 2Q GDP Figures and Keppel's 11% Slump
Singapore grappled with a 13.2% contraction in 2Q GDP, deeper than the advanced estimates were foreshadowing, and Temasek's decision to withdraw its bid for a majority stake in Keppel Corporation. Song Seng Wun, Economist at CIMB Private Banking, joined us on Prime Time to discuss the 2 events.

Download the podcast.

11 June 2020
Organisation for Economic Co-Operation and Development releases economic outlook
The Organization for Economic Cooperation and Development (OECD) released its twice-a-year economic outlook and unusually, presented two scenarios; one where Covid-19 continues to recede, and another where a second wave of rapid contagion erupts later in 2020. Song Seng Wun, Economist, CIMB Private Bank gives us his take on the outlook.

Download the podcast

26 May 2020
Singapore's New Fortitude Budget and the Lowered Economic Outlook
JP Ong spoke to CIMB Private Bank Economist Song Seng Wun shortly after the release of Singapore's Fortitude Budget, that sent the country's spending response to more than 19% of GDP. He also commented on expectations of a deeper contraction by economic authorities.

Download the podcast

7 April 2020
Third round of Budget measures to help Singapore through COVID-19
Song Seng Wun, Economist, CIMB Private Bank breaks down the latest on the Government's announcement of an unprecedented third round of support measures to help tide Singapore through the COVID-19 circuit breaker distancing measures and the importance of having it.

Download the podcast

30 March 2020
The MAS' Recent Decision and the State of Liquidity for Markets
The Monetary Authority of Singapore eased policy as many economists expected, by reducing the slope of appreciation for the Singapore Dollar, and lowering the midpoint of the range. But how exactly is that achieved and why is it so important for a city-state like Singapore? Song Seng Wun, Economist at CIMB Private Bank, joined us on Market View to explain how the MAS conducts its move, and why a liquidity squeeze last week was so serious for global markets and economies.

Download the podcast

18 February 2020
Unpacking the Budget 2020
Howie Lim and JP Ong speak to Song Seng Wun, economist from CIMB Private Banking to unpack some of the initiatives announced during the Budget speech yesterday.

Download the podcast

19 December 2019
A Better 2020 for the Singaporean Economy?
Hopes are that the local economy, fresh from recession scares this year, will fare better in 2020. CIMB Economist Song Seng Wun joined us on Prime Time to talk about his outlook for GDP growth, whether a turnaround for manufacturing can be believed, and what role a possible property glut and next year's budget will play for next year's GDP.

Download the podcast.

21 Nov 2019
The Bigger Picture: S'pore Q3 GDP up 0.5%, better than expected
Song Seng Wun, economist, CIMB Private Banking tells us about the importance of payment tokens such as Bitcoin and Ether to be traded on approved exchanges in Singapore, the overview of Singapore's third quarter which surprisingly came in positively and more.

Download the podcast.

10 Oct 2019
A Lookahead at US-China Trade Talks with CIMB's Song Seng Wun
Much is at stake ahead of the resumption of US-China trade talks this Thursday, with no clarity on whether both sides can make progress. CIMB economist Song Seng Wun helps us preview the discussions, and what a partial deal, or a breakdown in talks, might mean for markets and the economy.

Download the pdocast

12 Apr 2019
CIMB's Song Seng Wun Crosses His Fingers on a GDP Recovery
Advance 1Q GDP figures came in at 1.3%, with manufacturing showing signs of contracting. CIMB Economist Song Seng Wun is crossing his fingers that a recovery may be possible in the future, but that a lot will hinge around the outcome of trade talks to see if it can hit the government's target range for 2019.

Download the podcast.

24 Jan 2019
Bak Kwa Index And Global Economic Outlook
Song Seng Wun, Economist at CIMB Private Banking shares more on the Bak Kwa Index ahead of Lunar New Year, and also his global economic outlook for 2019.

Download the podcast.

Listen
Download Awedio App
Last Played
Last Played