Song Seng Wun, CIMB Private Bank

Song Seng Wun, CIMB Private Bank

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.

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Listen to his previous podcasts:

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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