Advertisement
Singapore markets open in 4 hours 38 minutes

  • Straits Times Index

    3,296.89
    +4.20 (+0.13%)
     

  • S&P 500

    5,064.20
    +45.81 (+0.91%)
     

  • Dow

    38,225.66
    +322.37 (+0.85%)
     

  • Nasdaq

    15,840.96
    +235.48 (+1.51%)
     

  • Bitcoin USD

    59,323.50
    +2,280.32 (+4.00%)
     

  • CMC Crypto 200

    1,278.48
    +7.74 (+0.61%)
     

  • FTSE 100

    8,172.15
    +50.91 (+0.63%)
     

  • Gold

    2,311.80
    +0.80 (+0.03%)
     

  • Crude Oil

    78.93
    -0.07 (-0.09%)
     

  • 10-Yr Bond

    4.5710
    -0.0240 (-0.52%)
     

  • Nikkei

    38,236.07
    -37.98 (-0.10%)
     

  • Hang Seng

    18,207.13
    +444.10 (+2.50%)
     

  • FTSE Bursa Malaysia

    1,580.30
    +4.33 (+0.27%)
     

  • Jakarta Composite Index

    7,117.42
    -7,234.20 (-50.41%)
     

  • PSE Index

    6,646.55
    -53.94 (-0.81%)
     

Singapore CFOs much more jittery over Fed rate hike fears compared to regional peers: BofAML

Singapore Business Review

80% view this as the year's biggest risk.

Chief Financial Officers (CFOs) in Singapore are substantially more anxious over U.S interest rate movements compared to regional peers, according to a survey by Bank of America Merrill Lynch.

The survey showed that 80% of Singapore CFOs cite U.S. interest rate movements as a key risk in the year ahead. This is twice the regional average of 40 percent.

To mitigate the risk, 87% of Singapore CFOs, the highest among those surveyed, are adopting a more defensive stance by opting to utilize surplus cash to increase their cash reserves. This compares to a regional average of 72%.

ADVERTISEMENT



More From Singapore Business Review